Why Are People So Pigheaded About Future Bitcoin Price?

[bitcoinbot]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

[Pecunia non olet]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

you need to understand it's not an asset but a tulip-ponzi-cult 

[bitcoinbot]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could will continue to go down, there is no guarantee way it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

I see what you did there.

[1Referee]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

People hold coins for obvious reasons. A lot of them are bag holders. They try to make themself happy with the hope the price will go up. Can you blame them?

I am one of the "idiots" who will buy more if the price goes down.  Smart traders know how to make money 

[mrhelpful]

We all have different reasons, some are more technical then others.

Some just see the value of the technology of itself since its a ground breaking thing regardless of price. For me, its the fact that I no longer want to support a centralized system on how money should be my way.

Also prices are all based on speculations and aimed for predictions that could happen, so anyone stressing on it daily will go bat crazy.

[Fiat_Hodler]

price isnt that important but it definitely can help

[Amph]

because at this price is a steal, many know that, and if it goes even lower it would only trigger a panic buying nothing else

and the speculation here play a big role, they know that after the price fall to 100 it would recover to 200 fast, thus making it a mandatory buy

[klee]

Because with GBTC & ETN XBT (and possibly COIN ETF) & halving chances are we won't visit sub 200 at all (maybe in a flash down to 170).

I hate to speculate as I am following mainly TA for my trading/investing which does not extrapolate to the future (speculation) but some basic supply & demand speculation I think is ok.

For the first time after China entered the market we have new fiat revenues and this will probably mean that sooner or later the trend will reverse (atm above 250 according to my TA).

Often, fundamental analysis means nothing to the price (for the better or worse)...

[klee]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

Also, since 14 Jan we are higher (4 months).

You have to take into account this too.

When BTC bottomed at 50$ after the 266$ high, it hit 65$ and people were posting threads like yours

Not saying it will not go lower than 14 Jan but we have to see the market from many PoVs...

[Mervyn_Pumpkinhead]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

Inexperienced gamblers don't usually know when is the right time to cut their losses and move on. They usually go by the "all or nothing" method.
I don't think it's annoying at the moment. It will get annoying when the same people will start to cry that everyone else are to blame for them failing.

[chriswen]

because at this price is a steal, many know that, and if it goes even lower it would only trigger a panic selling nothing else

and the speculation here play a big role, they know that after the price fall to 100 it would recover to 200 fast, thus making it a mandatory buy

Exhibit A guyz

[xDan]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could will continue to go down, there is no guarantee way it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

I see what you did there.

MIXED UP YOUR SOCKPUPPETS THERE, PAL!

[Towlie]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

Some people can see the future potential in bitcoin. Of course there's no gurantees but the price today could be peanuts compared to the value in the future so that's why people wait for the low price to buy in.

[g-unit]

It's really starting to annoy me.

I mean, the price of bitcoin has been falling for at least 15 months. It could continue to go down, there is no guarantee it will go up.

Yet you still get all these idiots going "if it drops I will buy more" ... How much lower you want it to go ffs.

"people are waiting for the price to go even lower so they can buy more coins" ... really?

Also, since 14 Jan we are higher (4 months).

You have to take into account this too.

When BTC bottomed at 50$ after the 266$ high, it hit 65$ and people were posting threads like yours

Not saying it will not go lower than 14 Jan but we have to see the market from many PoVs...

What this guy said...how can you idiots say the price is still falling? It hasn't been falling since January (4 months). If you are so negative about bitcoin why are you on a bitcoin forum?

[chriswen]

What this guy said...how can you idiots say the price is still falling? It hasn't been falling since January (4 months).

 If you are so negative about bitcoin why are you on a bitcoin forum?

Just because you are on a bitcoin forum and interested in it doesn't mean you can be a perma bull.

Also currently we are in a period of stability.  Price could possibly drop more in another big move.

We've had periods of stability in the past after the 1200 bubble.  And you could apply the same logic.  And as you saw then the price fell further.

I'm not saying the price can drop down more, just that some people seem to totally overlook it.

[gentlemand]

I'm not saying the price can drop down more, just that some people seem to totally overlook it.

Anyone who would burst into tears now after another decent price fall is either a very recent arrival or has been in a coma for over a year and a half. Everyone else will just groan a bit and not be remotely surprised.

[samson]

I'm not saying the price can drop down more, just that some people seem to totally overlook it.

Anyone who would burst into tears now after another decent price fall is either a very recent arrival or has been in a coma for over a year and a half. Everyone else will just groan a bit and not be remotely surprised.

The price could quite easily half and then half again, it's already done this since the peak

If it can go up exponentially it can certainly go down just as quick, if not quicker as everyone scrambles to sell their coins into bids which simply aren't there.

[Erdogan]

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.

[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. 

[readysalted89]

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.