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Author Topic: Why is it when the year will be over there are always talk about the price  (Read 359 times)
pilosopotasyo (OP)
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August 23, 2020, 08:23:23 AM
 #1

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

Do you have your own prediction?

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August 23, 2020, 08:57:50 AM
 #2

They do it because that's what they think. Every individual is free to express their predictions about the market and that's been happening for a long time and this trend will keep going on even bitcoin reaches another all time high.

I have my own prediction and others have too. What's good about reading predictions is that you get to see different ideas and factors on how it's possible for bitcoin to reach those prices that they are explaining on their predictions, negative or positive price.

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August 23, 2020, 09:55:17 AM
 #3

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

Do you have your own prediction?

That's the very least we can do. Cryptocurrency is a prediction based on market sentiments, TA's, and fundamental news. People needs to make bullish or bearish prediction to change the market sentiments to favor what the majority is aiming and reach a specific price range.
Therefore, predictions are normal in every market, and most probably these people are holders.
Predictions also serves as a guide on the next possible price movement. 

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August 23, 2020, 01:46:21 PM
 #4

There a lot of conflicting views on the price but majority of the people love to quote so called experts and influencers who's prediction sometimes are not correct, the famous of this so called influencers is John McAfee but it's interesting to see different point of views and I like the way they hype coins they support, making them obviously as bag holders.

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August 23, 2020, 03:07:39 PM
 #5

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

Do you have your own prediction?
Generally there is a rise of the bitcoin price at the end of the year and the best example is 2017 ATH that's why the number of topics might rise at that period. It is a critical period let's say. The summer is generally fluctuating and we may see some drops in it. Of course this wasn't the case this year.

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August 23, 2020, 05:02:51 PM
 #6

It's a mix of a lot of reasons.

1. Some wanted to sell just to break even because they bought near the top.
2. Some people want to earn money quick by hoping for a price pump.
3. It can simply be fun and exciting for some.

Do you have your own prediction?
I have my guesses, but they're just that: guesses. Not something to be taken seriously.

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August 23, 2020, 05:46:13 PM
 #7

why people are doing this there seems to be so many hype and predictions,
Not really, only in certain years people talk and predict against crypto prices, like Bitcoin for example, the reason is because 'halved' coincides this year, 2020.

What OP needs to know, crypto has prediction experts all the time and time, so that people discuss it every day and year, plus the 'halved' that happens.

The bottom line: everyone has their own way and mind to determine crypto price predictions, if that person is investing and trading crypto.

R


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August 23, 2020, 05:50:18 PM
 #8

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

People predict and talk of price at any given moment. New year is popular because when next year start is new tax season. In past also few times price increased a lot in November and December.
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August 23, 2020, 05:56:37 PM
 #9

This is a free market so everyone has the right to give their own prediction. Prediction Anyone can give as they wish even though some predictions are outside the circle. Which they promote only to create hype.

Here is the important. How are you monitoring the market? Those who saw the market at the end of 2017 may still remember what kind of hype was created in the market at that time. So it is not so important to see what an influencer is promoting or creating hype.

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August 23, 2020, 07:09:55 PM
 #10

They are probably newcomers in the market who asked questions first after buying Bitcoin or any crypto in general they think that long-term price projections is something that can be done accurately in the crypto market just like any traditional markets out there when in fact they are very inaccurate due to volatility and unpredictability of the market. Yeah sure there are people who called it out early that this will be the price on this time and they got it correctly but these people who predicted the price right never had a chance to do it again. If you want to have a more accurate prediction when it comes to price movement I think you should just look at short term charts not more than 3 months as anything longer than that will make your price prediction inaccurate.
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August 23, 2020, 07:40:31 PM
 #11

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.
Its not all about bitcoin, every human has free will to talk anything when year is about to end, sample like predicting celebrity's life for next year, business man's business next year,  even you if you somewhat care for yourself you have a little question for what you will become next year and etc.

And the most common thing because of volatility increases when the years about to end, people lots of talks about it in the sense that they will ask you to share opinion/predictions as well.
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August 23, 2020, 09:17:38 PM
 #12

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

That is normal, it's because we have this year to year calculations. This is where we calculate how much growth we have for a given year. So this 2020, we will look at the starting price and then the ending price, that's why there are more hype because obviously, we wanted to see how it growth based on percentage years to year (YOY).

Do you have your own prediction?

Of course, everyone can have their own prediction, as it is just a wild guesses.

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August 23, 2020, 09:26:03 PM
 #13

Predictions, everybody can do that and give random numbers, to bring arguments is something else. The truth is most people in the Speculation board repeat what others say, what they found on Twitter and co. from so-called experts, and what they read on the news. And when not, they may be copy-pasting Telegram channel.

There are just a few members posting predictions based on TA or the actual economic situation and the market. A lot of others create a topic every $500 movement or think BTC is failing because it loses 50 bucks lol

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AmoreJaz
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August 23, 2020, 09:29:23 PM
 #14

They do it because that's what they think. Every individual is free to express their predictions about the market and that's been happening for a long time and this trend will keep going on even bitcoin reaches another all time high.

I have my own prediction and others have too. What's good about reading predictions is that you get to see different ideas and factors on how it's possible for bitcoin to reach those prices that they are explaining on their predictions, negative or positive price.

they just simply want to predict at the price. not many of them wants to sell, they just want to bet whats gonna be the price at the end of the year. it is like betting on who wins at the end of the match. the thrill and excitement that it brings to oneself is the same feeling like when you are gambling. and some of them want to say "i told you so". so everybody wants to talk the price just because they want it.

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August 23, 2020, 09:33:38 PM
 #15

You can see the mood change on the forums every time there's a significant move in price.

In a bear market people are giving up, leaving, taking on other hobbies and turning to other investments. In a bull market they go crazy speculating and dreaming about getting rich when the price reaches some crazy numbers. It's always the same.

When we approach the previous ATH people get excited because there's a chance to make a lot of money if we break that level. In the history of Bitcoin it has never broke the ATH and went back into the bear market. It always kept going.
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August 23, 2020, 11:14:44 PM
 #16

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

Do you have your own prediction?

Get used to it and you have to deal with it since we are on a market which is really an unpredictable one which its just normal for you to see lots of predictions and speculations that do floats around which isnt something shocking.

When it comes to price predictions in the end of the year then its just right to base of with the ending rather than people do speculate and do say on what would be the price in mid-year? Of course they would really
be pertaining inclusive on said year.

asking if their holders or active sellers? Its both but you wont totally able to point out which one is just shilling out or do create some fud.
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August 24, 2020, 05:18:21 AM
 #17

Investors and speculators are gamblers although the market is their playing field, they love to speculate to the point of shilling the coins they are holding,  and the best time to do that is when the year is ending it's like people want to invest their bonus in Cryptocurrency that has a good potential for profit.
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August 24, 2020, 07:39:49 AM
 #18

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

Do you have your own prediction?

It is normal to see many predictions about the price of bitcoin because I think that by having the predictions, we hope that the price will go to the predictions. But we don't need to listen to those predictions because we need to have our prediction, so we can know what we have to do.

I have my own predictions, but it is for myself only Grin

I don't share it with other people because I am afraid that they don't analyze themselves, and they can blame me if my predictions do not happen. I always try to tell them to analyze by themselves so that they can get the real situations at the market, and that can be their time to act based on the current conditions at the market.
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August 24, 2020, 11:00:42 AM
 #19

They do it because that's what they think. Every individual is free to express their predictions about the market and that's been happening for a long time and this trend will keep going on even bitcoin reaches another all time high.

I have my own prediction and others have too. What's good about reading predictions is that you get to see different ideas and factors on how it's possible for bitcoin to reach those prices that they are explaining on their predictions, negative or positive price.

they just simply want to predict at the price. not many of them wants to sell, they just want to bet whats gonna be the price at the end of the year. it is like betting on who wins at the end of the match. the thrill and excitement that it brings to oneself is the same feeling like when you are gambling. and some of them want to say "i told you so". so everybody wants to talk the price just because they want it.
Everyone wants to predict the price, we all are analysts of ourselves. There's actually no thrill on it as you're only giving and naming price which shall happen by the end of the year or at any season of the year.

Investors and speculators are gamblers although the market is their playing field, they love to speculate to the point of shilling the coins they are holding,  and the best time to do that is when the year is ending it's like people want to invest their bonus in Cryptocurrency that has a good potential for profit.
Not only at the end of the year. Everyone becomes active in speculation when the price is surging and it's the attractive force of bitcoin whenever it starts to go on high. But when it goes down, there are still predictions but they go with the sentiment of the trend.

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August 24, 2020, 11:03:49 AM
 #20

I have seen a lot of threads created about predictions and hype about the price of Bitcoin before the end of the year, why people are doing this there seems to be so many hype and predictions, is this people or holders wants to sell their bags.

I still remember during 2017, it's like every price that has been broken, you will see a lot of threads about it. Started when the price broken $5k and everyone gets excited. They are doing it probably because they want more people to see the growth and so FOMO sets n.

Do you have your own prediction?

Easy to make predictions, but the question is that it is back by TA or just another guess? I'm not good at TA, can understand some basics, so I have my own prediction.
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