Bitcoin Forum

One unique feature of Bitcoin is that it always put social media acclaimed "experts" to shame. Sometimes these social media bitcoiners claim mastery over bitcoin. They indiscriminately predict its price as if they invented the coin with Satoshi. Even Satoshi now might not understand the price movement of Bitcoin because the creation is now economically powerful.

Through trial and error, some of them might have been predicted correctly in the past. And they have large followers that believe their analysis and follower their predictions.  One social media so-called expert recently shut down his social media platform because he predicted that bitcoin would keep falling until it goes into extinction. It was his followers that attacked him until he forcefully closed his page.

Happy bull run.

Lol Happy Bull run :D Bitcoin price didn't even reach the previous ATH, it's still not bull run yet and it might a bull trap.

There's no reason to believe what those expert is saying because they're a fake expert, a real expert people who can predict Bitcoin price correctly in many times, they wouldn't tell it to public since they're making money through trading.

Even if their prediction are wrong, they still get a lot followers although it's actually haters. But follower is still follower, those hater can help to increase the expert name and follower.

As long as there are those who are looking for some mythical prediction to decide whether or not to buy, there would always be self acclaimed experts who would give random predictions in the hope that it turns out well.

There are also those who try to predict within the ambits of what is feasible and would always put a disclaimer that their prediction can go wrong if the market doesn't react as anticipated.

Not to sound like those experts  ;), but I don't think we're there yet

Prediction is more or less likely a gamble so there is no assurance that it will become true even the most renowned predictionist proved to be wrong with many of his predictions.

These social media influencers are not really experts but try to manipulate the market with their influence to make money which also not become success on most instances so don't trust predictions and make your own and go beyong it.

They are social media experts, so they know what the trend always is and how best to gain attention with it. Cryptocurrency is a big topic among youths, so what better way to gain the attention of the youths if not to act in a way like an expert in what is interesting them. They take up these roles as experts in cryptocurrency to gain more audience, followers and influence of people. Some of the predictions they have made that maybe entered or worked were most likely still not their predictions but borrowed predictions from people. I have developed the culture for a long time now not to take people on social media without results serious, because social media can be misleading.

If we are not there yet, can I call it a mini bull run

It's possible that one of his analyses of Bitcoin's approaching price was just a coincidence. I assume so because no expert can really predict correctly regarding prices let alone decide if Bitcoin will become extinct.
If the expert is active on social media which always discusses Bitcoin, it is nothing more than to find followers so that he can benefit from his social media.

Not yet. For me, it is not certain that the current condition is running fortresses. There are other possibilities that are more likely to lead to another correction. The positive thing behind the current market green for me is that price support is already at $20K - $21K.

Too many self proclaimed prophets of doom everywhere and trying to act like a Mr know it all when they know nothing! And I think these guys do this in trying to paint a a picture of knowing how to read markets and before you know it one or two people will want these guys to get their monies invested using their skills, but we all know this ends in tears. Tbh Let's not entertain these social media critics, all they want is some relevance off the biggest digital asset.

And when they are wrong, you will never hear from them until a prediction comes true... Con artists at their best.

Bitcoin makes me realized a lot of things that we should not follow people, even the rich and the knowledgeable ones, including the worst ones which are celebrities and influencers. Just do your own research and follow your own way which has been what that helped me. The world is full of people that say what they think is true in their own self-centered ways.

Bitcoin is a no respecter of persons which is why it will always and ever remain decentralized, you will discover that after alot had been said concerning bitcoin yet it makes no imoact in changing anything from being in place with it, the more the attack the more the strength for adoption, what a theory of this kind that perfectly work with bitcoin, bitcoin attaining $22k remains a mystery to them because they thought it's would rather go down the more.


They think being a social media influencer has anything to do with bitcoin price or the fate to running a decentralized economy with bitcoin, but it's a pity they finds the newbies a victim of these kinds of claim and that's why they always believed in what the social media says, but someone like me can never be influenced by social media, i would rather source for right information from the bitcointalk forum.

They are simply cloud without water... Or popular people with little to zero influence on things.
 To predict with 100% accuracy, you need to see clearly to judge right. And your truthfulness/honesty and wisdom alone are enough to influence the price of Bitcoin and other things.
In evil and deceptive system the honest and influential ones are hidden while the fools & non-influential ones are popular.
There is actually a true Bitcoin Master. He is humble and unpopular and can actually control the price from wherever he wants.  The popular ones are fakes.

Those social media influencer that feel they are experts in analysing the movement of bitcoin are only guessing and might not even understand the cyclic movement of bitcoin,which they claim to know. Bitcoin price cannot be accurately predicted because of its volatile nature and the crypto market.

It is only in this forum that I see a lot of experts that will analysis bitcoin price and give you reasons ,why it is like that but still they will tell you that they are not sure to what extend the bear market will dip to or how high the bullish market will rise to. He should have not deleted his page and stand the criticism of his followers, I see followers of influencers are now becoming wise and don't believe some information of their influencer after the crash of FTX.

The so-called experts or internet gurus are incentivized to predict things that is happening in the meantime. After all, the future is not happening yet so all of us are welcome to speculate, specifically for those "influencers", who are seeking a vast internet audience validation and will happily do so. What happening in the social media scene is people bother too much about the numbers, such as their followers count. So, they are just validating based on social proof without digging deeper into what content those creators are actually creating.


Bitcoin going dead or extinct is not a brand-new thing. Some people are still saying that despite the current long-form invalid prediction. Bitcoin obituaries  (https://99bitcoins.com/bitcoin-obituaries/)have been dated since 2010, we won't see it will go down anytime soon.

Well, if you randomly throw stones into bushes, there are bound to be something coming out of it..... right? They need to post rubbish predictions like that to keep the attention of social media sheep.

There are so many things influencing the Bitcoin price now, that it is almost impossible to predict a major shift in the market.... before an event happens. Only insiders and large whales can make predictions on small spikes in the price, because they are pushing it.  ::)

Well, those social media "experts" that has paid classes are really just there to influence. Whatever they say, those are bare words of mouth and the fans are overwhelmed so, they're acclaimed.
There's no way that they can be 100% accurate but what they do is to tell what they can see in the market based on their opinion and that's it. Only a few of them really knows what they're doing and they give proof to their claims and predictions with basis through charts and analysis that they have.

Why the hate? We seem happy enough when a Tweet seems to bring Bitcoin up. Shouldn't we pay our dues when the opposite happens?

Bitcoin's intention isn't to shame, if anyone feels embarrassed or even humiliated it is by their own doing -- much like I sometimes feel the bile rising just reading my old posts heh.

P.S. What does it take to become a social media expert anyway?

Predictions are still predictions. People are free to make their own predictions, but they must remember that bitcoin can move anywhere without them being able to know and be aware of it. People could only see his movements without being able to predict them accurately. Maybe if it had happened a few years ago, they would still be able to predict "almost" accurately but for now, where there are so many interests "playing" in this bitcoin that social media "experts" cannot predict accurately anymore. So we can predict but we also have to have a backup plan if at any time the bitcoin movement changes direction from our prediction so we can adapt.

In short, Bitcoin is always unexpected. And these "social media experts" are speculators also. Since Bitcoin is extremely volatile, you will be unable to predict what are the next actions of it.
And there are also some people who are not believing with Bitcoin, and I do believe that these people are also have their own opinion or some of them don't know what Bitcoin is.

JP Morgan just said Bitcoin is the biggest fraud of all time, he said before the supply of Bitcoin runs dry Nakamoto will add more, so hilarious, these people are just so unbelievable. bitcoin a hyped fraud? These centralised whacked old men need to learn.

https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-calls-bitcoin-hyped-up-fraud-expects-satoshi-nakamoto-to-increase-btc-supply-cap/

I still feel we are not yet the time to say that the bull market is starting because it is still in the bear stage in this case regardless of anything at this time the bulls are starting to feel and bitcoin has reached a pretty good area at the moment resistance, still bearish can still happening now.
I want the bull hope to remain but I still feel it is not yet time and this could be a real trap actually.

There's no such thing as expert in this industry, "more experienced" is a better terminology to use. This market in general is unpredictable to its broadest extent. There will always be unexpected pumps and dumps without any pattern in particular.  These so called aocial media experts are only creating an image to somehow create a community which could somehow help them predict what is unpredictable. Problem is, no one can change the fact that the market would move in line with the majority and a small community cannot make a change with that random pattern unless you are a whale which could temporarily create a 'wave' with market pricesm And that I think is what social media so called "experts" are trying to do which is to gain profit from creating conformity with majority.

Ofcourse there are such social media influencers who will keep predicting crypto prices and keep failing.
The only time would be successful in predicting crypto prices would be when they are just lucky.
If only people could predict prices accurately then most people would be millionaires by now.
Our experience can definitely help us in judging the probabilities of price movements but predicting prices is just a guessing game.

Right now, CMC is saying Bitcoin is around 23k, we can't even predict what Bitcoin price will be tomorrow. There are hundreds of price predictor sitting on social media and claiming that they know what price of bitcoin will be. Current bull run starter on its own and I don't see any main event triggering this run.
Anyways Happy Bull Run.

True that. But I think these followers always know that what they are claiming is not true infact most of them know how manipulate things as well. They try to be with the wave always and claim that they have made millions from.the market but in reality they don't even have a $100k account of cryptos. Anyone who claims mastery over trading should be a red flag in itself. A real trader will always say he is earning but yet still learning because markets are dynamic and change everyday.

Lol, it is not as if they were officially certified to be an expert in crypto, they only claim to be experts as a result of people buying into their lies.
As the OP already pointed out, most of their so-called analysis is based on trial and error in most cases, when the market is all green it is very easy for any to randomly predict where the price would be next.
And as for the Analysis that was forced by his followers to close his account, if he was a real expert, he should have known it is impossible for btc to continuously fall into extinction in this present time when btc popularity has grown so high. It was definitely a foolish prediction and was a good thing he left for the sanity of the crypto community. 

That's right, those people just make "guesses" and they think they know better than us but they are wrong. It's not because we are as smart as an expert or anything like that, it's just that there are no experts at all on this because there is nothing to become an expert on. You could look at TA and try to make some predictions based on indicators, but that doesn't mean that you will hit it on the nail every single time, there will be periods when you will be wrong as well.

This is why is easier to just lose if you could, and that way you will end up with a bit of a trouble if you are wrong but at least you would be profiting if you are right and try to be more right than wrong.

The bull run has not yet started. We expect that it will start in 2024. The bull cycle has not started yet because we believe that 2023 would be another down year, especially in light of the macroeconomic circumstances. I would describe what is happening right now as a bear market rally. I'm worried that this is merely another pump before another timed drop. I believe that some people are simply purchasing back what they sold in December.

Everyone makes predictions, and they all depend on their analysis. But all I am certain of is that no one is an expert predictor. Therefore, anyone who is better in prediction will come up with is reasons, why is predicting so. So, let's exercise wisdom. Since some social media influencers also make predictions based on their prior experiences and current analyses, I don't think it worth a shame, because it base on their level knowledge. I don't  even follow any of them  because hardly many of them don't give tangible  reasons soo. And that why certain forum members  consistently tell us to conduct our own research because they nobody is expert.I know it is hard to predict Bitcoin market price but still some ways it can be  also predicted base on someone's good analysis, that is why some traders are making good profits from their Bitcoin trading always.

Everyone can predict even those who have no knowledge or experience in the crypto world, and the question is. Do we have to trust them, because even those who are experts are sometimes inaccurate, because the market or bitcoin is not easy to predict.
because there will be many factors that make bitcoin prices fluctuate that we don't know in the future, and the best in my opinion are the results of our own predictions and analysis and also want to try to find accurate information from all that exists for comparison and also do it for the long term.

Bitcoin had been putting these social media influencers, speculators and self-claimed professional Technical analysts for too long now.  But I can give excuses to these Technical analysts because they have a conditioned setup as they predict the Bitcoin trend.  Unlike these social media "experts" that just put or utter random prices and say Bitcoin will follow that trend without even giving a basis of why Bitcoin will have that trend.


I do not think that guy already shuts his mouth though, I think he is just giving his channel a rest until the Bitcoin market reveals that this surge is a bull trap. 

Honestly, I also think that we are not in a bull run yet, I even think that this is a bull trap.  But nevertheless, I think Bitcoin price will be volatile in the coming day after $430 million BTC options expire.

Everyone can predict at will, everyone has any right to analyze and express their opinion on social media with various methods and directions of thought and of course it will cause controversy. Every moment in bitcoin there is always bad news that is deliberately made to bring the price collapses maybe even every day which we might call it FUD.
But in fact those who make FUD only embarrass themselves and we have seen that in the previous cycle.
I firmly believe bitcoin's dominance will be far-reaching this year and beyond and will certainly silence any expert who talks about BTC being doomed.

I remembered that last year, there were many bitcoin experts and influencers who said that before the end of the year 2022, there is a high chance that the price of bitcoin in the market will fall between 10k$-13k$ but that's what happened the whole month. of December there was no event like that in bitcoin's price value.

   Then now in a few days that I noticed maybe about 3 days ago that its price value is gradually increasing in the market, which I will look at it is like a bull run that is going to gradually increase in value, let's see if this week will be 25k$ each bitcoin and when this happens it can be said if we may enter the bull run...

Usually, the trend can start in social media sites so if you are an expert of it (you use it often and you visit different social media sites) then you are always up to date about the latest happening around it. Not all are experts but some of them are just wannabees and there are ways to identify it.

For a fake expert, their calls are mostly bad so we must be careful because losses are the only thing that we can get if ever we follow the wrong people. It's better if we will learn only on our own so that we are sure about our decisions. Learning on our own can also make us more knowledgeable than if we will only depend on other people.

Satoshi would never have any control over the price of bitcoin or predict it. It does not matter that they created the asset, the price depends on supply demand balance and not any centralized authority - that is why it is called decentralized.

However the predictions that you see on the social media are rarely done to actually predict anything.

You see the normal human nature is to follow someone when it comes to something that is tough to do on your own, predicting an asset price over time is one such thing. So we move to internet to help us out and when such people see that a social media person is posting such things, they follow. That is why such pages or profiles get so much followership.

I think it is a correct approach to predict future price movements by looking at past price movements, but we need to know that some of our predictions have a margin of error and that's why we need to use stop loss. There is no problem so far. It is foolish to make a price estimate and defend it as an immutable law of nature. Bitcoin will continue to destroy idiots. It will continue to embarrass the charlatans who call him an expert on social media...

LOL, indeed funny, but you are absolutely right, it has been stated several that one of the powerful features of bitcoin and cryptocurrencies at large is that their prices are highly unpredictable, but the self acclaimed experts will never want their followers to see how helpless they are with predicting the price of bitcoin, so they will have to put out something out there.
And sincerely, the ones i blame the most are the ones who believe and follow this predictions and also based their investment decisions on it..
Bitcoin and cryptocurrency market is not like forex, it is sometimes easy to predict the price of any fiat currency in the forex market, but here in cryptocurrency, the game is entirely different, but some people will never realize it and learn, but will keep depending on so called expert to tell them when to buy or sell.

Those experts are like us, their predictions are right or wrong and it's all speculation. But the sad thing is that new investors believe what they say, and there are always newbies entering the market every day. So those stupid experts will never completely disappear from the market.

It is so fun to me, reading all these BTC experts, who actually don't know what will happen the next day, they all put on screen charts with the same prediction, but they don't understand that the price is not moving just in drawn patterns but in sentimental patterns of bigger investors.

We aren't in the bull season already, it seems many people are making this mistakes but this is just a break from the downward fall Bitcoin has been on since 2022. Bitcoin is unpredictable and that's what this influencers are yet to understand. You can only speculate on the price direction of Bitcoin but nobody can ever predict its every move.
This is mainly because Bitcoin trades at different prices on different exchange so your bottom mightn't be mine and the same thing can be said about the top. We have to start cancelling the influencers just as this one was cancelled, many other can learn and stop misleading the public.
Even though everybody should account for themselves, still we shoudn't allow this influencers to get paid for misleading people into them losing their money.

Are you so naive that you think the media are ashamed of what they present to the public? Most of the mainstream media is under the control of only a few large global corporations and they serve to direct public opinion in the direction given to them. These so-called experts or journalists have no shame, because they are ordinary dogs of the media machinery who have been trained to obey and follow orders.

And as for the bull run, this could rather be called a recovery, as well as everything that will follow until the price reaches $69k and the real bull run begins.

I sometimes watch Youtube videos because I feel that there are some influencers who can handle information that may turn out to be interesting, and that is something that is quite curious to know, but that happens many times, there are some who say things that are serious and that You can represent some investment councils and make them sell bitcoin so that it then increases in price as it has happened, it is something that is very bad and unpleasant, people make mistakes, but ensuring that a movement will happen is not good because the opposite can happen as in that case.

It's honest to admit a mistake and stop making predictions about Bitcoin like that person the op mentions closing the platform because Bitcoin doesn't keep falling in 2023. However, I feel like many people get away with their wrong predictions, keep making ones and preserve their audiences. That is, of course, if Bitcoin predictions weren't the only thing that they were famous for, but I don't know people who are (there probably exist, I just don't see them because I don't care about them). So responsibility of influencers isn't always a thing, and unfortunately people don't always shut up after making one big mistake.

Because they have social media  handles and have good number of followers who believe them, comments and share their messages does not make them bitcoin experts. Those you call experts could be people following other persons on social media, after listening to those they thought have  knowledge. After which they use their own handle to speculate for you.
They are so lazy to research on their own, they believe in rumours and create fud in the industry.

Really, I don't see anything bad with trying to predict the cryptocurrency market which is the duty of a trader to analyze the market and look for chances and opportunity of when they can enter a trader to make profit. We can not be always accurate about the market that is why we need to keep upgrading our skill to make sure that we keep adjusting in anyway that could pose a thread to us as a trader.

For those influencer that are very confidence about there analysis, I don't see anything wrong with that even though they do that with ego, that's is there business because people especially the newbies are always looking for where to get information about the market mostly the ones that would yield result.

Earlier news agencies used to be the source to create fud and now this have been undertaken by the social media people with not much of knowledge about cryptocurrency. This shouldn't be done by these people. Even the real experts find it hard to analyse and understand the ma rket. In this way, ap called social media experts predictions won't happen.

The fact that btc always ended up proving them wrong is the fun part of it. Crypto analyst will always try to do their job by predicting the direction of the market but in most cases, the market don't usually go as they have predicted.
I don't think there is anything wrong in that, rather it gives some investors an idea of the market situation.

Even long-timers in crypto or crypto experts can predict wrong in this market.
For those speculators, they should not leave words of assurance to their followers about their predictions.
As this market is a very volatile one, you can't really give an exact price prediction to your followers.
Let us say, you are using all kinds of indicators and applying all known TAs, still, you can be wrong with your prediction.
So a crypto expert or analyst should not bet their life over their predictions so as not to get shamed or slammed by their followers.

What are we say all states so far right now is that bitcoin is another thing about Abby influencing the social media and many people who is internet constantly base will you know or must know about bitcoin through internet because the campaign or bitcoin is going her and that is why many people is going into bitcoin both for exchange and transferring of money from one country to another by using Bitcoin

Even the experts find it hard to predict the outcome. If it is stocks, they will easily predict based on the progress of the venture. With cryptocurrency it is hard as the progress is much over the technology.

Sometimes I wonder if these social media acclaimed bitcoin price analyst do really know what they are doing. Sometimes the way they run analysis on bitcoin would make you feel they know everything about bitcoin than Satoshi himself. They do wrong analysis an bitcoin price trends and most times  they end up shooting themselves on their own foot as a result of wrong market analysis and faulty forcast. I do not for once listing or follow them but I do review price chat myself to know what is obtainable in the next bitcoin market if I want to trade. These gives me a guide on what to do.

I agree with you, we all know bitcoin is a highly volatile asset, so there is no shame in making false predictions. Those who should be ashamed are those who are lazy to study, research and invest only in the advice of others.

I really don't care, they're experts, celebrities...I only know when investing in bitcoin, they are an investor like us, what they see in the market, we also see, but because each person has a different mindset, there will be other predictions.

Once you've invested, do your own research, and don't trust anyone in this market, the market is a battleground, we want money, they also want money, and no one has enough kindness to help each other.

Many of those experts are actually altcoins' shillers, so they badmouth Bitcoin in order to make the altcoins they work for look more interesting in the eyes of the investors who follow their channels. I've already seen many times they claiming Bitcoin was over, and that they knew the cryptocurrency which was going to replace the king, so they were going to share this secret with everyone who paid them to participate an exclusive group of traders and crypto experts. The purpose is solely to take money from investors for themselves.

And this is what happens when those experts believe on their own hype, no one can predict the exact price of an asset at any given day, and if someone happens to call it right this is simply because there were so many predictions that day someone was going to get it right anyway.

This is similar to those which win the lottery and then claim there was some method behind it, no there was not, they picked some numbers on an arbitrary fashion and they just happened to be lucky enough for those numbers to come out exactly as they predicted, but I suppose those social media experts never stopped to think about it and only realize this truth once they are forced by bitcoin and its price movements.

Nobody gives an accurate predictions though. Prediction are merely a guess, backed by some past and present market analysis. However, it would still go down with the market sentiments. We really never know when will the people starts buying and when will they start selling. Of course the whales will have a greater impact than everyone else in crypto market. Therefore, nobody can really have an accurate prediction, so these experts and social media influencers will create a market analysis to change the market sentiments and try to achieve their predictions.

I totally agree with your opinion that social media influencers are not actually experts but are trying to manipulate the market, for now social media has become the biggest slander ground, to seek their own profit they are willing to do anything including slandering bitcoin, it's been more than a decade we haven't never knew who Satoshi really was and we also don't know where Satoshi came from, but now many social media have explained about Satoshi and already know Satoshi's origins and there are even media who say they have discussed directly with Satoshi, there is also news circulating that Satoshi is just pseudonyms, even the media also say that bitcoin is not a promising investment, but I don't really believe in the media because I know their goal is only to make money from the news they upload.

social media influencers are just a bunch of people who suddenly become crypto experts because following trends when crypto trends are in crisis / decline they will look for other objects,
actually why follow other people's advice, because actually the decision returns to each individual

I wouldn't call it that yet (Bull Run) because if you took the time to look at the bigger time chart, you would have noticed that the price of Bitcoin has always pumped a bit even while the general market sentiment was in a bear trend. This is normal with price action and the same can be said for when it is a Bull market however with regards to the so-called crypto experts, you rightly said it, they are Predicting meaning, they too are guessing, it might go up or down so people that take those predictions as a hook line and sinker are the ones to blame themselves if they missed the price because they were listening to someone else.

They were actually just making faces in front of the crowd for having an army. But what is said to be true is not proven true. In this case, influencers only take advantage of trends so that beginners' attention is focused on following them. Don't get caught up in the unknown and be consistent in dropping money in crypto. Learn a lot that Bitcoin is still not ATH, it can be a bull trap or indeed a good start for recovery. But then again, the influencer's role is simply to manipulate the people around him, for his own sake. Claiming to understand more and suddenly turning into an impromptu analysis.

Are the analysts we've seen so far like that?
To be honest, I don't know what object you are referring to (who he is), who does the analysis of bitcoin, will become extinct.
But in my opinion, he is the person who is projected to influence the mindset of investors and especially beginners, he carries out a strategy of trusting his predictions at first to appear professional to analysts and so that many people follow him as an expert in price movement analysis. and after many people made him a trading analyst, he had influence over the people who followed him, then he really carried out his original mission to create FUD. In conclusion, he is a representative of an individual who hates bitcoin, but in the end he failed.

Happy bull run bro. It's crazy how everyone on social media thinks that they know sh*t about bitcoin lol. In reality, these guys are just "bullish" all the time and lose money by investing in "good" projects like blockfi or they just promote scam projects and casinos. I think bitboy is the best example, the dude literally promotes a scam saying that it's a scam and he never promoted it. Sometimes I feel like folks on Twitter don't remember what happened yesterday and ignore all red flags 24/7.

It's not easy to figure things out, its finance and the markets are always unexpected, not even just in crypto, but in the entire world as well with stocks and gold and oil etc etc. Think about it this way, do you think Warren Buffet made profit every year? Of course not, he made losses plenty of years, then how come he became this rich? Simply because he kept on investing and holding for decades, he has been in business for long.

So just buy bitcoin, hold it for decades and you will be rich too. Do not care about what social media experts or so called influencers say, just keep on investing as much as you possibly could and you will end up with a good profit.

Bitcoin's value can be quite volatile and can fluctuate greatly in a short period of time. It's important to note that the value of bitcoin is determined by supply and demand on the open market, and can be influenced by a variety of factors such as regulatory changes, mainstream adoption, and investor sentiment. Additionally, the market for bitcoin is still relatively new and not well understood by many, which can lead to fluctuations in value. It's important to do your own research and understand the risks associated with investing in bitcoin before making any decisions.

These social media "experts" really know and understand how to take advantage of people's ignorance in analyzing bitcoin prices and where bitcoin will move every month or year. They can really get a lot of followers because their predictions are always awaited by their followers. But if followers don't want to do analysis, they will have difficulty determining when to buy and sell prices because bitcoin prices can move in any direction.

And many social media experts are wrong in their predictions because so far, no one has been able to predict the price of bitcoin correctly. They can only predict based on what they see but bitcoin can change direction instantly and go against their predictions. So whatever social media experts say, we don't have to believe it immediately, but we do further analysis to determine the benefits we can take.

These so called social media influencers have no knowledge about the market conditions and they only want to take out profits by making people fool so personally I don't believe in them but there are many who follow their signals and lost their funds.But if we say about predictions then it's speculative aspect which we do based on the past price movements to see what will happen next but it can be right or wrong based on the current market trends and situations.

To be true no one is really expert in this industry, but if you say who's having more experience then I guess there will be a lot on the list. All of us have seen couple of so called "experts" and then in the end most of them failed to predict how much or how long will it take for bitcoin to rise. In this market, it's not only a single person opinion, but instead all of us who are involve in this economy will have differing opinions.

Actually the game on social media is only to influence crypto users both to buy and to sell. Sometimes someone says that bitcoin will continue to dump and even become extinct. If we analyze what they say, they express opinions in such a way that crypto users can sell and the price drops, so they can buy at a lower price. Usually they have netted at the lowest price to buy in bulk. For the price to be able to arrive at the order they specify by spreading negative issues. Everything they convey, of course, has another purpose. Not really what was said. So we should not be influenced by the issues they spread through social media. This is not only with dump prices, but also with bulls.

Bitcoin is proving to be highly unpredictable. So many experts do not get it right. Only a few of them gets to approximate in prediction. The nature of the crypto market has changed to large magnitude. When the industry is new, people could easily predict. But today, many factors are affecting such accurate prediction which includes trade volume, market cap, pump and dump, fud, whales etc.
So, if it will be difficult for bitcoin experts to get it right is it common social influencers that will get it right always?

No expert not even ChatGPT can accurately make a prediction about bitcoin. They make what I call informed guess where there are so close to the what-will-happen next. But then again we know that some of these guys are just chasing clout and or are looking to draw traffic to their handles because they get paid for traffic.

Ah yes, those usual daily crypto tweets you would come across once you opened your Twitter. People throwing out random numbers in comments section claiming that they know it all. It's all just those kinds of random predictions to gain followers and reputation of course. This is why I stopped following crypto news in my own Twitter account as a lot of people there are "crypto experts", let alone the next "Elon Musk" that influence people to buy crypto.

Same goes for Facebook by the way, but at least some news page are a quite....tolerable.

Yeah it only proves that not all our predictions to bitcoin price will be accurately, that's too sad for this follower who believes in his post. I've been following some people in twitter before but always get rekt so since that day I stop following them and created my own trade, studied different patterns that might help and instead of believing in them, I started to believe in my own analysis.

I enjoyed the way his alleged followers attacked him. All of these social media influencers believe that because they have so many followers on social media, they are demigods who may analyze or spew out nonsense without being attacked. In his next account to open on social media, he won't consider forecasting the unthinkable to happen to bitcoin.

Following up on predictions or comments made on social media is not a good idea at times. The majority of social media influencers are unworthy of paying attention. They make absurd claims without evidence to gain attention.

The predictions of many experts are highly subjective and purposeful. Many speeches are highly inductive. Thinking about it another way, experts are not game rule makers or cryptocurrency creators, and do not understand technology. Their more sources of information are various news and market charts. The conclusions of experts also come from their own experience accumulation, so they can only be predictions.

Not only bitcoin but all financial markets are unpredictable, including gold or other assets. The predictions of social media influencers are like our predictions, there will be right and wrong and that is completely normal. What I am more ashamed of are lazy people, who do not give their analysis but trust the predictions of others. Instead of ridiculing and insulting each other, we should focus on our expertise, research and provide our own analysis.

But the problem is that even if their prediction is wrong, they still have millions of followers, what about you, does anyone follow you? I mean, it's their job so they have no shame in doing their thing, because their ultimate goal was to make money and they did. I believe you are following those people too, because if you don't follow them how do you know they are wrong about bitcoin? So stop chasing and laughing at them, focus on how to hold more bitcoins than them, that's the goal you need to aim for.

You have a point, there will always be experts giving their predictions about bitcoin, and whether they are right or wrong what it should matter to us are the results we can achieve on the markets.

After all even if those speculators are wrong I am sure they have found a way to make money with all those followers anyway, while in our case our profits or losses depend entirely on our ability to predict the markets and take the correct decision based on those predictions.

This is not a feature of Bitcoin. Bitcoin itself doesn't have anything to do with it. This is just how the price of Bitcoin behaves. And this behavior is not because of Bitcoin but because of the public, their interest in particular.

Bitcoin's price is unpredictable. No expert is good enough to predict it. They are only good when looking back. They have all the explanations and illustrations why this and that happened but with all their knowledge they still cannot tell which direction Bitcoin takes the next minute.

Bitcoin always moves in opposition to what the crowd predict, and it has no pre-decided path, so most people will be false with their predictions. We can't blame social media celebrities, because they are mostly interested in raising the number of their followers, and maybe some of them don't even hold Bitcoin. The blame should be redirected to people who listen to an unknown person with no proven experience telling them Bitcoin is going down. Anyone can learn some TA to be responsible for their decisions without depending on others regarding when to buy or sell Bitcoin.