The time of seriousness is disappearing

[Slow death]

Today I read this news:

Bitcoin Price Drops Under $10,000 as Downtrend Continues

today the news had something very different, something shocking, I do not know if was intentional, but today the news had this:



look at the photo

 


days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 


week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

The Bitcoin time-traveler was right since 2013, and predicts $100K for 2019

We have a time traveler.

current price

1 BTC = $10 268,65 USD (-6,99%)

today is July 2, this means that there have little time for the end of year

I do not believe that someone is able to travel in time and the guy made a very ridiculous prediction

 


What next?

[1715689978]

1715689978

[1715689978]

1715689978

[1715689978]

1715689978

[1715689978]

1715689978

[arbiter5]

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 

That's your problem right there. For someone who has been registered since 2016 and is in one of the best and respected signature campaigns, you should've known better to not listen to these so called "analysts" and "experts".

[Lucius]

I personally do not care too much for price in the short term or for so-called experts that every day predicts some new price based mostly only on today price. Bitcoin is unpredictable, and it is hard to say what will happen tomorrow - but it is ridiculous to claim that something will happen just like that. Whoever is start last pump to $14k is gave up for some reason, maybe FOMO is not created as it was expected, or they have run out of money.

Reason we not see real FOMO effect is fact that the summer holidays in the northern hemisphere began, people spend money on other things rather than investing in bitcoin. This is wrong time of the year for real bull run and new ATH, but today's price is something most of us expected only at the end of the year, so I see no reason for some kind of disappointment with the current development.

Time traveler is just science fiction, and so far he get lucky with his story as many others who predict bitcoin price from 2013 / 2014. I have nothing against him to be right again, who would mind $100k at the end of this year

[aad140386]

I do not believe for a long time who call themselves analysts. Their forecasts often do not come true than come true. With the same success, I personally can give similar advice to other people, because I will have about the same type of success as those who call themselves analysts. In fact, no one knows what will happen next. Remember, no one will tell you exactly what will happen next with the price. In April of this year, I thought that Bitcoin would fall in the region of 2000-2500 dollars and almost all analysts wrote and said the same thing, but what do we see now? Who of the analyst predicted this in April?

[Slow death]

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 

That's your problem right there. For someone who has been registered since 2016 and is in one of the best and respected signature campaigns, you should've known better to not listen to these so called "analysts" and "experts".

You're wrong, this is not my problem because I do not care what these analysts say, you do not understand, when someone who has never heard about bitcoin enters this market and does research, that person will be confronted with the following situation:

1-) users of a forum that talk about the price; the users of social networks who talk about the price

2-) news channels that post opinions of analysts

Do you think this new person will hear people from the forum or will listen to analysts' opinions?

the answer is easy: the person will hear the opinion of the analysts, because for any new person (including myself at 2 years ago) heard the opinion of analysts.

I created this thread to show that the crypto world is walking to ridicule.

- we have a news site that post a photo of a man with a beard and breasts

- we have a time traveler

so I see no reason for some kind of disappointment with the current development.

$13700 to $9800; is looking like the altcoins with their pump and dump

[Maslate]

I suggest you don't listen to only limited experts in the market, if you are bullish, you would appreciate more bullish news and prediction but what I learned in my journey here thus far, experts are wrong most of the time especially when they are giving a very high or very low price prediction.

[creeps]

They don’t make prediction just for a big joke, they made that for a purpose and that is to hype the market which whales succeeded. We are seeing the real value of bitcoin now after the hype, its normal for the price to drop as we can see whales are taking profits and small traders or late comers are now crying again. Don’t worry, bitcoin will not go deeper, it will retrace again once the correction is done.

[NeuroticFish]

today the news had something very different, something shocking, I do not know if was intentional

Imho the surprise comes when the news are not shocking, when they state something clear and normal.
The "school" of news writers tell them that they need "a story" that "attracts". And what attracts more than the exaggerations, no matter how wrong they are?

And yes, as told, do you really still care what those "experts" forecast?

[Lucius]

$13700 to $9800; is looking like the altcoins with their pump and dump

You should know better how bitcoin is volatile, I do not see anything strange about such oscillations in the price. We have seen it in the past, and it is difficult to expect some stability in the near future because it is obvious that the market can be easily manipulated. There are people who see bitcoin just as a way to make money, and almost $14k was a great opportunity for some profit, most people think "Why should I not sell when I bought at $4k?", and one of those with a lot of coins can move market with only one big dump.

3 months ago price was only $4000, do not forget how this bull run is started.

[Herbert2020]

if i wasn't sure that this is the same exact trend as 2015 before, now i am 1000% sure that it is the same exact thing. if you look at the charts you can even see the same movements too. price went up from $150 to $400-$500ish at the time and then as newbies began liking the ever-rising price the "natural correction" occurred and they panic sold causing the big drop.
and as soon as the market was rid of them, we continued rising towards the 2017 ATH.

[Indamuck]

Out of all the people that make predictions that are bound to be some that are always right.  Pay no attention to that bitcoin "time traveler".

I would even suggest not looking at all those predictions because you will have expectations that are too high and won't be grateful for the profit you make.

[unusualfacts30]

to be fair, those analysts predict everything you can think of and turning things into satire isn't very new with news since it's done to pretty much everything that gets popular. btc in this case is popular kid in the block and everyone else is trying to act like they grew up with that kid. 

[fudster]

You can't trust the guys whose main objective is to get as much USD to the traders who subscribe to them. They could even be the ones who are selling those BTC while they publish the article telling the price to be $20k in less than a month. Sharp edges on the charts are usually a warning, I'd rather not day trade in BTC but aim for the long term.

[BrewMaster]

the only thing that this topic and the links show is yet another proof that news sites are moving with the wind, in whichever direction it is blowing. i have not seen any actual analysis and speculation on any of these sites for many years now. they just publish crap about where price is going with the addition of exaggeration. the quotes are there to make the article look good.

[dothebeats]

We're in the age of memes, though not in the old sense of the word but rather in a funny, nonsensical, almost trivial meaning of it. With the spread of such ideology--or the way of how information should spread, rather--we tend to see a low-level of effort made in spreading information, moreso the lack of factual, important and eye-worthy information from news outlets and journalists where we expect to see more of it. Anyway though, price-centered news/articles are to be expected from analysts knowing that it's easy to lure in views and clicks other than any topic available out there. No matter how far-fetched the price predictions are and no matter how off the charts (literally) are these people saying, they get views and clicks anyway so why bother predicting for the right trend, right?

[virendarnagpal]

Presumptions may not always be true.  Many people are giving their statements.  some people giving exactly the opposite statement to the statements given by the other people or groups.  So if one group's statement is proven true the other is definitely the false automatically.
So I do not trust such rumors.  

[spadormie]

I don't know what comes to the mind of the eToro analyst. It's like he's just spewing BS on his predictions. He should be posting his TA on this and also the news and upcoming news why he believes it that way. I don't know why he said that bitcoin could reach 20k in no time well in fact, it took almost 9 years for bitcoin to reach its ATH. Within ONE OR TWO WEEKS? Really?

[serjent05]

They don’t make prediction just for a big joke, they made that for a purpose and that is to hype the market which whales succeeded. We are seeing the real value of bitcoin now after the hype, its normal for the price to drop as we can see whales are taking profits and small traders or late comers are now crying again. Don’t worry, bitcoin will not go deeper, it will retrace again once the correction is done.

These so called analyst probably conspire with whales, so that people will blindly buy BTC without thinking the possibility of correction.  Most new comers thinks that the price trend will continue to go up and the fear of missing out triggers in them buying what these analyst suggests them to do.

Aside from that, I have read lots of exaggeration even during the bear market where they say Bitcoin is dead.. blah blah blah, that triggers those who has weak hands to have a sell out benefitting these whales.  That is the reason why I stop reading any article with an unrealistic title because all we can see on that article's body is lots of nonsense and non-factual guesses.

[Bitcoinqubit]

Today I read this news:

Bitcoin Price Drops Under $10,000 as Downtrend Continues

today the news had something very different, something shocking, I do not know if was intentional, but today the news had this:



look at the photo

 


days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 


week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

The Bitcoin time-traveler was right since 2013, and predicts $100K for 2019

We have a time traveler.

current price

1 BTC = $10 268,65 USD (-6,99%)

today is July 2, this means that there have little time for the end of year

I do not believe that someone is able to travel in time and the guy made a very ridiculous prediction

 


What next?

i will sum it for everybody the top minds dismiss price movements because to say crypto will die or will not grow its like saying the in of the world come, this tech going to eat everything but everything the future is decentrlized tech mixed with distributed tech... and was predict long ago buy smart people...== holders,,,and analyzer sharp logic mind 0ver come and bend any feeling...traders are the ones that dont dissmiss price movement there where they do money...but they will never retire and most of the dumb and relay on lines on graphs like support and resistant which is huge bullshit washed all the traders, the smart traders they are holders...but they know also where price go by few simple factors...and its not lines on graphs hhhhh how the hell lines will tell you where things is going up???

but people are not learn and not educate them self in several verticals and other important things and to have sharp logic which know to analyze and look to the future not predict it but see it...for example

decentralized tech=before peer to peer file sharing there was centralized tech
cenentralized tech=here computer a and computer b,c,z,f and other around the world was downloading everything from few central servers which was holding mp3,info,software, and so on ....and the governments pretty fast shut down this servers then people create decntralized tech called peer/computer to peer/computer which now they need to shutdown more then 500 million private computers which upload and download between them without central servers

after this explantion we know from where bitcoin come from peer to peer file sharing and all this lead us to that some people new that peer to peer will take over the world its not prediction its will happen,,,the same with peer to peer money....it will take over the world...mixed with distributed tech
its not about to be prophet and its cannot explain more simple some minds know this and that will solve this before it even know to few people not main stream....like file sharing
search on google decentralized vs distributed

[Bitcoinqubit]

Today I read this news:

Bitcoin Price Drops Under $10,000 as Downtrend Continues

today the news had something very different, something shocking, I do not know if was intentional, but today the news had this:



look at the photo

 


days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 


week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

The Bitcoin time-traveler was right since 2013, and predicts $100K for 2019

We have a time traveler.

current price

1 BTC = $10 268,65 USD (-6,99%)

today is July 2, this means that there have little time for the end of year

I do not believe that someone is able to travel in time and the guy made a very ridiculous prediction

 


What next?

read it twice and relax....

i will sum it for everybody the top minds dismiss price movements because to say crypto will die or will not grow its like saying the in of the world come, this tech going to eat everything but everything the future is decentrlized tech mixed with distributed tech... and was predict long ago buy smart people...== holders,,,and analyzer sharp logic mind 0ver come and bend any feeling...traders are the ones that dont dissmiss price movement there where they do money...but they will never retire and most of the dumb and relay on lines on graphs like support and resistant which is huge bullshit washed all the traders, the smart traders they are holders...but they know also where price go by few simple factors...and its not lines on graphs hhhhh how the hell lines will tell you where things is going up???

but people are not learn and not educate them self in several verticals and other important things and to have sharp logic which know to analyze and look to the future not predict it but see it...for example

decentralized tech=before peer to peer file sharing there was centralized tech
cenentralized tech=here computer a and computer b,c,z,f and other around the world was downloading everything from few central servers which was holding mp3,info,software, and so on ....and the governments pretty fast shut down this servers then people create decntralized tech called peer/computer to peer/computer which now they need to shutdown more then 500 million private computers which upload and download between them without central servers

after this explantion we know from where bitcoin come from peer to peer file sharing and all this lead us to that some people new that peer to peer will take over the world its not prediction its will happen,,,the same with peer to peer money....it will take over the world...mixed with distributed tech
its not about to be prophet and its cannot explain more simple some minds know this and that will solve this before it even know to few people not main stream....like file sharing
search on google decentralized vs distributed

[1Referee]

Meh. It doesn't matter whatever so called experts/gurus/analysts, etc, are saying. The only thing that matters is that you prepare yourself for what is going to happen in the coming 12 months. Every person with a few functioning brain cells should understand that we're currently forming the perfect setup to obliterate the $20,000 all time high.

It technically doesn't even matter if you prefer to wait for a dip or a confirmation that the market is breaking past the $14,000 where it was brutally rejected from a few days ago, all because of how paying a few thousand more or less isn't going to make a difference when we're blasting past $100,000 in the forthcoming years. Prepare for a nuclear price explosion.

[thesmallgod]

This is not the first time people will warn crypto traders and investors that they should not believe so much on crypto forecast. Just because crypto went up, we are already hearing and seen many people making predictions here and there that BTC will reach so so amount of price. I am happy the crypto price drop. This will teach many newbie lessons that you should not rely on anyone forecast. Do you own research and do not put more than what you can afford to lose in crypto business. Nobody knows what will happen to the price tomorrow just the way we do not know crypto will reach $12k earlier this year.

[nicecrypto]

I really feel so surfocated to see this type of thread popping out every so often in this forum lately, Really! Everyone in crypto know by now not to take the predictions of this so called crypto Analyst seriously, i wonder what you are angry about, it is a decentralized space, everyone is free to say or do what they like, maybe too much serious and analysis is the cause of market down trend

[Spaffin]

I really feel so surfocated to see this type of thread popping out every so often in this forum lately, Really! Everyone in crypto know by now not to take the predictions of this so called crypto Analyst seriously, i wonder what you are angry about, it is a decentralized space, everyone is free to say or do what they like, maybe too much serious and analysis is the cause of market down trend

Since cryptocurrency users have a certain fear of losing their funds, they always react inadequately to the statements of many analysts.  I fully agree with you that you first need to learn how to do analysis of the cryptocurrency market and determine certain predictions yourself, and not believe the words that are not always true.

[NathanJB]

I really feel so surfocated to see this type of thread popping out every so often in this forum lately, Really! Everyone in crypto know by now not to take the predictions of this so called crypto Analyst seriously, i wonder what you are angry about, it is a decentralized space, everyone is free to say or do what they like, maybe too much serious and analysis is the cause of market down trend

Since cryptocurrency users have a certain fear of losing their funds, they always react inadequately to the statements of many analysts.  I fully agree with you that you first need to learn how to do analysis of the cryptocurrency market and determine certain predictions yourself, and not believe the words that are not always true.

Every analysis here in the crypto universe is as good as yours and mine. We all have our own way of seeing things, of how things could turn in the next hours and days and months, of how it is being influenced by so many factors, and so on. At the end of the day, as I have said, our analysis, our guesses, are as possible as yours and mine. And then we are suddenly surprised by reality!

[btc_angela]

So the price exceeded $11k now, so what's next? do those so called experts will change their story to fit their narrative? I wouldn't bother, we have been in this game for so long to understand and learn to read between the lines.

[squatter]

Do you think this new person will hear people from the forum or will listen to analysts' opinions?

the answer is easy: the person will hear the opinion of the analysts, because for any new person (including myself at 2 years ago) heard the opinion of analysts.

I don't think most of these analysts are malicious. I think the market is simply unpredictable. No one should assume it can be predicted.

Newbies need to make their own mistakes and learn not to follow other peoples' predictions blindly. This will only happen through experience. This isn't a problem. In markets, people either sink or learn to swim.

[jseverson]

What do you mean by seriousness? I mean, I'm sure you could find a handful of ridiculous news pieces about pretty much every subject. Even time traveler predictions are not new at all: check out John Titor. They're not targeting the Bitcoin market specifically; they're in sports (see: NBA free agency predictions), entertainment (celebrity gossip), science (flat earthers, conspiracy theories, etc.), and everywhere else.

Either way, outside complete censorship, there's nothing we can really do to stop these guys. It's ultimately still up to readers' due diligence if they're going to end up getting swayed by sensationalist clickbait pieces.

[TheUltraElite]

So the price exceeded $11k now, so what's next? do those so called experts will change their story to fit their narrative? I wouldn't bother, we have been in this game for so long to understand and learn to read between the lines.

I dont trust any social media or news channel based on crypto niche. They are shady and always promoting things to get paid. Hoenstly they dont have any proper source of income except the traffic that get monetized and affiliate links. Google does not allow such sites to get paid by their ads so thats out of the question. So that they rely on is to get paid media out and thus these site are full of real news to some extent and some fake analytics in order to inflate the daily content count, which would otherwise be empty everyday.

If you want to trade then do your own TA then depending on other people doing it and news channels dont reveal them before the movements start. They do it after, so they have all the time in the world to correct their predictions.

[Dreamchaser21]

So the price exceeded $11k now, so what's next? do those so called experts will change their story to fit their narrative? I wouldn't bother, we have been in this game for so long to understand and learn to read between the lines.

Experts will always make their statement for the sake of their self, and we know that they are just guessing their prediction. Its good that we go back to $11k level, let’s hope and analyze the market well and don’t listen to any prediction. The time to learn is now, we have to know that so no prediction can fool us.

[pooya87]

Do you think this new person will hear people from the forum or will listen to analysts' opinions?

the answer is easy: the person will hear the opinion of the analysts, because for any new person (including myself at 2 years ago) heard the opinion of analysts.

I don't think most of these analysts are malicious. I think the market is simply unpredictable. No one should assume it can be predicted.

Newbies need to make their own mistakes and learn not to follow other peoples' predictions blindly. This will only happen through experience. This isn't a problem. In markets, people either sink or learn to swim.

most of the things we hear on the internet is not even from "analysts" it is either from random people on the internet which the news sites used and made them big while trying to make the whole thing look legit. or it is some people who created a business (usually an investment firm) that is ripping people off and want to advertise their services like this.

[Johnzky]

I suggest you don't listen to only limited experts in the market, if you are bullish,

Right mate because these “experts” has nothing in mind but to benefit from the effect of their predictions

you would appreciate more bullish news and prediction but what I learned in my journey here thus far, experts are wrong most of the time especially when they are giving a very high or very low price prediction.

Being a holder better not to listen to their words but believe in your instincts,because this is our money that we must took care and those experts has theirs to gain also

[ene1980]

days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)
the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

There are many analyst who claim that they can predict any market but the truth is that it is like tossing a coin, sometimes their predictions goes like they say and most of the time the other way, i really do not take any of these analyst or predictions seriously because if they were really accurate in what they predict they will make money doing that instead of preaching it to others  , i have my experience in the market and i have an idea how the market will play out and i trust my instincts and play along and more over i am here for the long run, so the risk factor is reduced since i am not trading with my emotions.

[leea-1334]

Meh. It doesn't matter whatever so called experts/gurus/analysts, etc, are saying. The only thing that matters is that you prepare yourself for what is going to happen in the coming 12 months. Every person with a few functioning brain cells should understand that we're currently forming the perfect setup to obliterate the $20,000 all time high.

It technically doesn't even matter if you prefer to wait for a dip or a confirmation that the market is breaking past the $14,000 where it was brutally rejected from a few days ago, all because of how paying a few thousand more or less isn't going to make a difference when we're blasting past $100,000 in the forthcoming years. Prepare for a nuclear price explosion.

I am confident of the same expectations about 20,000 being obliterated,,, but I will still never say that this is a sure thing,,, nor will I ever try to convince someone that it is a sure thing. I do not have many years in Bitcoin but I know enough and have seen enough myself even with altcoins to understand how fragile the whole system can be. 20k is possible, $20 is also possible.

But you are absolutely correct about the price today not making a difference. It is what it will be in 5 or 10 years that is!

[BitHodler]

The thing with all these predictions is that they are opinions, nothing more. The more people we have in this space, the more predictions there will be because every person has an opinion on what the price will do.

I think the best thing is to filter through these predictions once, then just follow those who make sense and have skin in the game. Don't pay attention to people who are obviously whoring for publicity by riding on Bitcoin's popularity.

I'm sure that things will get worse after the next mania, because we'll dig deeper in mainstream adoption than ever before. The deeper you dig the more average the people become.

[Artemis3]

days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

We have a time traveler.

today is July 2, this means that there have little time for the end of year

I do not believe that someone is able to travel in time and the guy made a very ridiculous prediction
What next?

Are you serious? Even I can be an "eToro" analyst, that's like citing a Reddit or some other social media analyst... Such as McAfee, Ie. worthless. What are you going to do, pay attention to any charlatan that comes about? As they say, a broken clock hits the right time twice a day, so i could random mention a price and hit it.

Bitcoin could someday hit 20k. If you quote me, you have to pay me in bitcoin. Also, no free links back to your page

[Finestream]

Actually the price dropping is predictable, the price already rise without stopping so one day it will got correction, the problem now is how the investors react to this falling, if they keep calm then the price will bounce back again, dont too worry about the price,if the adoption is good then the price will be back really soon

I think there's nothing we can do when the price drops but to keep holding our coins.After all,the price will surely rise up again once positive news affected the market.But if you see the market continues to fall,then it's your choice already to keep on holding your coins and wait for the price to increase again or sell them in a much lower price compared to the price when you bought it.

[Rufsilf]

I suggest you don't listen to only limited experts in the market, if you are bullish, you would appreciate more bullish news and prediction but what I learned in my journey here thus far, experts are wrong most of the time especially when they are giving a very high or very low price prediction.

Right, experts always make predictions here and there and most of the time it didn't come true, don't base your decision in mere predictions without you analyzing it yourself because you might just lose, some predictions may be right but I guess 90% is just bluff so better do your own research and analysis.

[grimico33]

I personally do not care too much for price in the short term or for so-called experts that every day predicts some new price based mostly only on today price. Bitcoin is unpredictable, and it is hard to say what will happen tomorrow - but it is ridiculous to claim that something will happen just like that. Whoever is start last pump to $14k is gave up for some reason, maybe FOMO is not created as it was expected, or they have run out of money.

Reason we not see real FOMO effect is fact that the summer holidays in the northern hemisphere began, people spend money on other things rather than investing in bitcoin. This is wrong time of the year for real bull run and new ATH, but today's price is something most of us expected only at the end of the year, so I see no reason for some kind of disappointment with the current development.

Time traveler is just science fiction, and so far he get lucky with his story as many others who predict bitcoin price from 2013 / 2014. I have nothing against him to be right again, who would mind $100k at the end of this year

Summer is always a time of rest for most people and therefore I agree that it is not the bull market now. Many bears on vacation too Now we are seeing very good growth, with many not expecting such big jumps in the first half of 2019. So the situation is now quite normal on the market. And experts can be any number, as well as their predictions

[Naida_BR]

Today I read this news:

Bitcoin Price Drops Under $10,000 as Downtrend Continues

today the news had something very different, something shocking, I do not know if was intentional, but today the news had this:



look at the photo

 


days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 


week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

The Bitcoin time-traveler was right since 2013, and predicts $100K for 2019

We have a time traveler.

current price

1 BTC = $10 268,65 USD (-6,99%)

today is July 2, this means that there have little time for the end of year

I do not believe that someone is able to travel in time and the guy made a very ridiculous prediction

 


What next?

I have stopped reading the news.
It feels like they try to pump or dump the price. I think that they got financed by people who want to move the market show they move the market in their own benefits and manipulate investors so that they will get more profits.

[1Referee]

I am confident of the same expectations about 20,000 being obliterated,,, but I will still never say that this is a sure thing,,, nor will I ever try to convince someone that it is a sure thing. I do not have many years in Bitcoin but I know enough and have seen enough myself even with altcoins to understand how fragile the whole system can be.

Nothing is set in stone, but I just express how I feel about Bitcoin. It's up to the people themselves to do their research and set their targets at whatever price levels they consider reachable. I'm not as conservative as others are, and there is no reason for me to be. I have seen enough from Bitcoin to be comfortable enough saying that $20,000 will happen for sure.

I do not have many years in Bitcoin but I know enough and have seen enough myself even with altcoins to understand how fragile the whole system can be. 20k is possible, $20 is also possible.

Altcoins have no fundamentals the way Bitcoin has. Years ago I might have agreed with you on $20,000 is possible but $20 too, but not anymore. I'm balls deep in it. I'm extremely confident.

Not saying your view is wrong or something, because being conservative and not too overly bullish does help you remain a bit more neutral overall, but I'm too far gone for that.

[Vinalians]

Well, this is the time where the real investors are getting in the field you know. There are so much in the cryptocurrency you can celebrate not just the value of it. What about the ideas? the products and services that it can made to us right? If you are a real crypto lover even the value goes down you will still stay and can still proudly say that it will increase no matter what if not today then tomorrow and it will never end you know what I mean right.
We can believe on analyst and experts but we should consider that they also speculate what can happen in the future means no one can tell the future until it happens just like in bitcoin. It will go up.

[suzanne5223]

days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 


week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

You shouldn't surprised or angry that the price predicted by the analyst in subject failed because whenever the crypto market is in bullish moment what every analyst did is making varieties of mathematically prediction base on the bullish price moment but they ignore the fact that crypto market cannot be predicted like cause slightly market correction will always happen to strength the bullish market before it the year bitcoin halving.

What next?

The next thing to happen is a surge in price but I dont know how long the correction will last.

[Eildosa]

Those who have long been engaged in cryptography, do not listen to various questionable news. They know what to believe and what not to believe. In General, everyone is set up for good news and that the price of bitcoin will grow.

[TheUltraElite]

Right, experts always make predictions here and there and most of the time it didn't come true, don't base your decision in mere predictions without you analyzing it yourself because you might just lose, some predictions may be right but I guess 90% is just bluff so better do your own research and analysis.

LOL so called experts are actually money makers who make money with giving false information and then make sure to edit them before any change occurs. People even forget that the fine print declares their words as something that should not be considered as advice but personal opinion. Thing is idiots in this world dont understand this and call them scammers when they lose their money trying to day-trade that advice.

Anyway there is nothing we can do about such analysts, but stop reading their topics on the news. I personally dont even read the news from any such website but watch the market more often. 99% are just paid FUD.

[MonsterV]

Expert prediction? I myself do not believe that because the definition of an expert in my opinion is myself. Many FOMOs reported by experts and those who were victims of FOMO were rabbits. I understand a lot of crypto experts out there, but that doesn't mean we can swallow their information completely. We have our own instincts and strategies, where will the market go next. I myself regret when I have to lose listening to the words of other experts, but I will feel happy if I lose with my own beliefs.

*picture is only sweetener

[FlightyPouch]

I been reading a lot of articles about this too and I am so done with it. The feeling of excitement and dissapointment just succumb me and I don't like that. Instead of that, I just make some movements based on the price changes that is happening. It is not that exciting but atleast I am not getting excited or getting dissappointed.

[ubay]

I am not so worried about the predictions of people, I just do what I believe is that you hold bitcoin as long as possible and take the right moment to sell it. But that is not my main goal, my main goal is to escape the nonsense of money printed by the Country.

[Kiefner]

Not necessary as it is seriously the predictions of others. This is only their subjective opinion and nothing more. It is necessary to remember that the market often behaves not as the majority wants. If everyone is talking about growth, you need to wait for the fall and vice versa. In any case, you should always have an opinion on this matter.

[Kriptonian1661]

If you fellas need seriousness in the market like in the 16/17 Rally, than you have to hire my group. We will bring a lot of newcomers and questions to the Crypto Market.

[Jeremycoin]

...
What next?

What's next? Well, probably another unreliable news article will spread around the net right before you know it. You see, this kind of thing is what they do for living. They do it all the time in order to get people attention to read more news on their website. They will not stop doing it unless they are told to buy their own head of direction (which probably won't happen). If you somehow keep on believing on this whole thing, I think it's gonna be your loss. You should never believe the media.. Hell, you should never believe anyone at all. Make your own decision so that you won't have any other to blame on. Because being a skeptic is better than being an optimist.

[Shenzou]

Most of the time these prediction or analysis don't concern most of the bitcoin users, because most of the know that it has a better long term investment so they are holding it, and the people that trade bitcoin and care about these things know better that to listen to people on the internet and they do their own analysis, and the for the new users who  lack experience and see those predictions than they won't start off with like a million dollar so the price changing and charts and all of these are going to be overwhelming  so this going to be  the least of their problems.

[LogitechMouse]

Even the most professional analysts can go wrong with their prediction so I don't believe or follow their prediction.


What's next?? The news sites will support his prediction by creating their own news regarding this prediction which is for me useless because I don't follow what they are saying although there are times that I read their articles. I think the price of Bitcoin will go sideways in the next few days and finding its support and resistance.

[fiulpro]

As you said
 *it's a prediction* , that too *ridiculous* ;

First thing :
 *There is no such thing as time travel
Secondly :
 * It's a prediction so don't get too serious about it .
Third :
 * It may still reach 20k$ , because actually we do have plenty of time , the price starts to increase in the last months only , so don't give hope if you think it is going to be worth holding a while.

[deisik]

What's next?? The news sites will support his prediction by creating their own news regarding this prediction

Couldn't that play out as a self-fulfilling prophecy?

Really, the 2017 rise came about after many news outlets had started to write about Bitcoin raising common people's awareness of the cryptoworld (and the easy money they could potentially make there). Indeed, things are different today, many people have burned their fingers but they didn't forget and likely have short memories as well because people are inclined to forget bad things and remember good ones (read, their interest in crypto may return provided there is enough noise in the media)

I think the price of Bitcoin will go sideways in the next few days and finding its support and resistance

I don't think that the prices are going to remain stable at these levels for long. But it deserves a topic of its own

[Tylev]

Out of all the people that make predictions that are bound to be some that are always right.  Pay no attention to that bitcoin "time traveler".

I would even suggest not looking at all those predictions because you will have expectations that are too high and won't be grateful for the profit you make.

In the world of cryptocurrency, everything is possible. I also recently was convinced that this year Bitcoin could not even come close to its previous price record of $ 20,000. However, recently I read the information that whales are going to raise the level of Bitcoin capitalization to 80-85 percent this year. At the same time, the price of Bitcoin should increase substantially, as well as launch a chain reaction to further increase its price. This, in principle, does not sound so fantastic. True, I do not know whether Bitcoin will be able to reach the price of one hundred thousand dollars.

[Kakmakr]

Predictions are like turds, everyone can make them.    Some people are very invested in this technology and they deem it necessary to spread FUD like this to get other people hyped up to buy more coins. So when other people buy more coins, the demand increase and with that the price, so their investment increase in value.

So never listen to the predictions made by people who are invested in the technology that they are pushing with these predictions. Analyse the data and the year on year average increase in the price and make up your own mind. 

[TheUltraElite]

I also recently was convinced that this year Bitcoin could not even come close to its previous price record of $ 20,000.

It seems you did not check the price charts of previous years and then come to a conclusion. I suggest you do so and you will see that although the 20k mark was an all-time-high, the rise and fall of bitcoin follows a pattern of flux and deflux. This is happening with every speculative unregulated asset.

However, recently I read the information that whales are going to raise the level of Bitcoin capitalization to 80-85 percent this year. At the same time, the price of Bitcoin should increase substantially, as well as launch a chain reaction to further increase its price. This, in principle, does not sound so fantastic. True, I do not know whether Bitcoin will be able to reach the price of one hundred thousand dollars.

Do not trust what others say. People make decisions of whales like as if they are whales. They are not and thus their words should not be listened or taken with a grain of salt. There is only need of your own research in order to trade. You will soon get the hang of it if you try trading yourself and stop listening to with mass media promotes.

[Spaffin]

Always treated by very serious people and serious predictions with a grin.And it takes seriously the predictors who predict the growth of Bitcoin at $ 100,000, I also do not intend to.All these news and forecasts are made with only one purpose-to attract more investors in bitcoin!

I understand you.  Thanks to such predictions, I lost a lot in 2018.  Probably many professional analysts expressed their desires, and not the real forecast based on the results of the analysis of the cryptocurrency market.  Of course, it is very difficult to predict what is happening today and tomorrow, why to make forecasts that are not confirmed by facts.

[TheUltraElite]

Always treated by very serious people and serious predictions with a grin.And it takes seriously the predictors who predict the growth of Bitcoin at $ 100,000, I also do not intend to.All these news and forecasts are made with only one purpose-to attract more investors in bitcoin!

Do take my advice and stay in your local boards if you English is not legible enough.

Back to topic, when you are predicting about bitcoin price, knowing that it is a speculative asset, then its a known thing that the prediction may or may not comes out to be true. So they have a disclaimer for those who may feel bad about it. Attracting investors in not the right word, rather its attracting FOMO kids to the group and make them lose money when the whales dump. Basically whales control the market.

[davis196]

I'm getting sick and tired of all the experts.We should stop reading such articles and everything will be fine.
Only if the noobs weren't so into this BS propaganda and not panicking all the time.
I don't think that the "time of seriousness is disappearing".By the way,what do you mean by "time of seriousness"?We have seen the price to do down several times before.Is this making bitcoin less serious?

[Pursuer]

Back to topic, when you are predicting about bitcoin price, knowing that it is a speculative asset, then its a known thing that the prediction may or may not comes out to be true. So they have a disclaimer for those who may feel bad about it. Attracting investors in not the right word, rather its attracting FOMO kids to the group and make them lose money when the whales dump. Basically whales control the market.

I wouldn't call it "control", it is more of an influence over the market since they have more funds at their disposal and most importantly because the market is still small with its thin order books on exchanges that still are small.
but they can not control bitcoin market and the over all trend will always continue as it should without anybody being capable of preventing or changing it. for instance we are going to see a higher price by the end of this year and nobody can change it. the only thing whales can do is to dump at times to cause panic and fill their pockets with more cheap coins at that time before market goes back to normal.

[qwertyup23]

In all honesty, this outcome is to be expected. With the recent significant increase on bitcoin's price, it resisted fairly slow and succumb to a drastic decrease. Rather than feeling down, take this time as an opportunity to purchase while prices are on the red. This kind of situation is relatively common and most of us already experienced this kind of situation.

To all fairly new investors in the world of cryptocurrency, let this outcome not sway your decision-making skills and your interest in bitcoin. While there may be times where we experience gold, expect times of dark to come.

[TheUltraElite]

I wouldn't call it "control", it is more of an influence over the market since they have more funds at their disposal and most importantly because the market is still small with its thin order books on exchanges that still are small.

Influence is nothing but control in a more wider and acceptable sense.

Every leader out there has become like that because they have influence and thus control. Whales do the same with the market. They pump it up with news because they control the paid articles on news and some pump shills on social media to promote their shitcoins so small fries eat that news and buy it. In the meantime they sell and exit those coins. This is found in every speculative market out there not just cryptocurrencies.

[K21000]

Today I read this news:

Bitcoin Price Drops Under $10,000 as Downtrend Continues

today the news had something very different, something shocking, I do not know if was intentional, but today the news had this:



look at the photo

 


days ago an analyst made a very exaggerated price forecast (something that became very common in recent years)... he said this:

BTC could return to its all-time high of $20,000 within one to two weeks, while $50,000 to $100,000 could be achievable by the end of 2019

the guy who said this is @Simon Peters (eToro analyst)

the price is falling a lot and when I see this forecast, I get more angry with those analysts who only make the wrong predictions (their predictions seem like a big joke)

 


week ago I read something very ridiculous, this thing surpasses all the most ridiculous things that I have seen, with the price drop... I remembered this ridiculous thing that I saw a few weeks ago, here is the ridiculous thing:

The Bitcoin time-traveler was right since 2013, and predicts $100K for 2019

We have a time traveler.

current price

1 BTC = $10 268,65 USD (-6,99%)

today is July 2, this means that there have little time for the end of year

I do not believe that someone is able to travel in time and the guy made a very ridiculous prediction

 


What next?

In my opinion OP should have known the predictions by these "analysts" were far fetched from the beginning. Why is it only know ~2 years after the great pump of 2017 is OP beginning to question these "analysts".

No matter the market condition when it comes to investment one must in my opinion:

- Never take the advice of someone else in place of their own
- Acknowledge that no matter how safe or how rewarding a investment might seem losing most/all of investment is possible
- Never fall for hype
- Think of long term....in crypto world this would be at least 5 years....so if you invest in ether in 2017 you should not expect it to make you rich in 2019.....
- Accept responsibility for their loss if they fail to do the above....if you didnt know what you were getting into when you invested then that is nobody's fault but your own

[Herbert2020]

In all honesty, this outcome is to be expected. With the recent significant increase on bitcoin's price, it resisted fairly slow and succumb to a drastic decrease. Rather than feeling down, take this time as an opportunity to purchase while prices are on the red. This kind of situation is relatively common and most of us already experienced this kind of situation.

To all fairly new investors in the world of cryptocurrency, let this outcome not sway your decision-making skills and your interest in bitcoin. While there may be times where we experience gold, expect times of dark to come.

unfortunately newcomers never listen to this, they always do the exact opposite which is selling at the bottom of a dip because they believed in some FUD that came after the drop ended and wanted to push them out by taking their bitcoins at a cheaper price.
that is why we always see the dips grow more than logically expected. and that is also why technical analysis never works for bitcoin. because newbies and weak hands increase the volatility to unexpected levels.

[krb91]

Personally,  think all these analysts are as dumb as they come but I can tell you they know what they are doing. Someone has to sell low and buy high right? Where do these professional traders make their money from if not from mindless folks that follow them religiously. Personally I look for opportunities in the opposite direction of the crowd, that's where the money is, I know that, the market maker knows that, so that's really what matters.

[iMark]

As you said
 *it's a prediction* , that too *ridiculous* ;

First thing :
 *There is no such thing as time travel
Secondly :
 * It's a prediction so don't get too serious about it .
Third :
 * It may still reach 20k$ , because actually we do have plenty of time , the price starts to increase in the last months only , so don't give hope if you think it is going to be worth holding a while.

Yeah that's just a prediction, no time machine can tell you what the price will be in the future. Even many users will think the same that prices will increase to $20k this year, but that doesn't mean they have a time machine. it's just a prediction and $20k isn't an impossible price this year

[1Referee]

and that is also why technical analysis never works for bitcoin. because newbies and weak hands increase the volatility to unexpected levels.

Technical analysis does work, but people should understand that it offers no certainties. It's all a probability game in the end.

During extreme waves of panic selling or fomo buying it's indeed very difficult to know where we will peak/bottom out, but the price mostly ends up reversing at a very important level that you can prepare yourself for. I personally am a Fibonacci fan and it showed its importance twice so far.

The main reason why people think technical analysis is bs is because of how self proclaimed gurus or experts pop up totally not understanding what they are talking about. Unfortunately, these clowns are what we read the most about so it's not that surprising to see people dislike technical analysis.

[Pyr3x]

Analysts are constantly making predictions. Completely different. Some say growth by the end of the year. Others predict a fall. I don't trust them and don't listen to their predictions.

[TheUltraElite]

Analysts are constantly making predictions.

LOL that is why they are called analysts. It what they do for a living and trust me, its a worthless way of living analysing what even a common man can do with some mathematical tools and writing skills. Then again you have to have a fancy name and column for every other retard out there because people want it and are lazy to make their own charts which they can trust.

Completely different. Some say growth by the end of the year. Others predict a fall. I don't trust them and don't listen to their predictions.

Thats why they hide behind a "disclaimer" that their analysis is not a financial advice.

[darklus123]

You've sounded very ammature for your rank and statement. It is ok to forsee such analysis but to think that it will realistically happens is not just smart. That is why it is so called predictions and the logic behind it is completely luck.  Next time you should have known better

I just remembered that i created a topic about this tho the statement was from Macfee. Using the same reasoning. Bitcoin is falling right now but we can't really say that the $10k price target is not reachable until we will end this year with a $9k price

[MadeinCoin]

In all honesty, this outcome is to be expected. With the recent significant increase on bitcoin's price, it resisted fairly slow and succumb to a drastic decrease. Rather than feeling down, take this time as an opportunity to purchase while prices are on the red. This kind of situation is relatively common and most of us already experienced this kind of situation.

To all fairly new investors in the world of cryptocurrency, let this outcome not sway your decision-making skills and your interest in bitcoin. While there may be times where we experience gold, expect times of dark to come.

unfortunately newcomers never listen to this, they always do the exact opposite which is selling at the bottom of a dip because they believed in some FUD that came after the drop ended and wanted to push them out by taking their bitcoins at a cheaper price.
that is why we always see the dips grow more than logically expected. and that is also why technical analysis never works for bitcoin. because newbies and weak hands increase the volatility to unexpected levels.

Not only beginners, even seniors are still often victims of FUD and FOMO. I think things like this have no solution because they will always be in a situation of fear of loss when bitcoin goes down. But if the technical analysis problem doesn't work, I think that is the way whales are not beginners, beginners will not be able to monopolize the market.

[TheUltraElite]

I just remembered that i created a topic about this tho the statement was from Macfee. Using the same reasoning. Bitcoin is falling right now but we can't really say that the $10k price target is not reachable until we will end this year with a $9k price

Every prediction can be said to be true if they are given in a timeframe and people dont take them for granted that they will happen everyday. Someone selling a huge stash of coins and saying that the market is going to crash this many points, then for that period it will be true, but once people start buying it will become false. Misinformed people assume that the prediction if forever and thus they start raging.

Of course the predictor is saved by their own disclaimer and its better to avoid reading them at all.