Why Are People So Pigheaded About Future Bitcoin Price?

[RodeoX]

Perhaps you have heard the expression "buy low sell high".? I have bought at each crash and profited greatly by spending into the rally. We have been in a long term downtrend right now, so it is not as easy to see. But ever since I saw my first post saying "Bitcoin can never ever reach $1", I have ignored other people and done what I think is right. 

You are right that there are no guarantees. If there were bitcoin would not be worth anything. Speculation is gambling and competition. There are always winners and losers and the winners are usually those who do their homework and pay no attention to emotion, fear, hype, or opinion. 

Winners are sometimes those who get lucky. All we can do is guess when to buy and when to sell. Traders might make educated guesses after doing their homework but it all comes down to luck in the end. Sometimes what seems to be the worst trade you could make turns out to be the best decision possible because of luck.

I agree that luck is a factor, for sure. Although I still think it is a skill to pick winners. Its a little like betting on sports. If you analyze the teams and crunch the statistics your chances of choosing the winner are improved. However, a lot could happen in the game and even a weaker team could win.

[mrhelpful]

Perhaps you have heard the expression "buy low sell high".? I have bought at each crash and profited greatly by spending into the rally. We have been in a long term downtrend right now, so it is not as easy to see. But ever since I saw my first post saying "Bitcoin can never ever reach $1", I have ignored other people and done what I think is right. 

You are right that there are no guarantees. If there were bitcoin would not be worth anything. Speculation is gambling and competition. There are always winners and losers and the winners are usually those who do their homework and pay no attention to emotion, fear, hype, or opinion. 

Winners are sometimes those who get lucky. All we can do is guess when to buy and when to sell. Traders might make educated guesses after doing their homework but it all comes down to luck in the end. Sometimes what seems to be the worst trade you could make turns out to be the best decision possible because of luck.

I agree that luck is a factor, for sure. Although I still think it is a skill to pick winners. Its a little like betting on sports. If you analyze the teams and crunch the statistics your chances of choosing the winner are improved. However, a lot could happen in the game and even a weaker team could win.

Theres that underlying message, if you are lucky frequently it tells you know what youre doing.

Labor Under Correct Knowledge

Or that saying goes, but if you been making profit youre far ahead then the average joe on this forum.

[Amph]

It's a waiting game. The dumps and humps are feints, just like in an ice hockey game. You prepare to shoot, wait, prepare again, wait, then shoot. The goalkeeper that is prepared for the deception wins.

i agree i suspect that whales want the remained holders to dump their bag, by torturing them with a long wait and a stable price, to test their patience, some will give up

this whales accumulation phase will not prevail for long

[lyth0s]

There are always winners and losers and the winners are usually those who do their homework and pay no attention to emotion, fear, hype, or opinion.  

Place your bets gentlemen.