What was the most deceitful speculation you ever fell for

[Zilon]

Mine was Bitcoin hitting $100k before the end of 2021 and BNB reaching an ATH of $1k  at the same time. I don't want to mention that of doge coin surpassing $1 and Shiba inu making it's way to 50cents. I think many fell for some of this careless speculations and relied solely on it neglecting our own research in which i too was a victim. What speculation did you fall for

[Yaunfitda]

I wouldn't say deception but people are shouting that $100k would be hit last year and most of us believed that will be the case.

Specially if we are going to look at the prediction modelling that started it all, and it seems we are on target after hitting all time high in November and it seems it will come true. However, we all know what happen next and now we understand again that bitcoin price prediction is very difficult.

[bitterguy28]

Actually I never fell but have heard a lot and yes like yours it is the 100k USD value for bitcoin that we still seeing until now 2022.

But i have been fell for some wrong speculative in which Ripple will be reaching 10$ couple years ago and what happens next? that time when Ripple was delisted in Many exchange because of the case they are facing in US Security and exchange commission lol.

[adaseb]

With crypto it was probably ETH promising to go POS back in Summer 2016. I was looking to expand my rigs and buy a bunch of the upcoming RX series GPUs.

However with POS around the corner I wouldn’t want to get stuck with all these GPUs which I would have to unload at a loss when it goes POS.

Now 6 years later and still no POS.

[mk4]

Looking back in hindsight, I don't think I really fell for anything like super deceitful. The speculative assets I bought in the past that ended up really really bad was 100% really dumb to start with, I was just being too blinded by my greed.

[pooya87]

Someone telling you a shitcoin is going to pump to an arbitrary price is not a speculation, it is manipulation to create a pump so that they can sell their bags and get some of the money they've lost due to the previous dumps back.

As for bitcoin, if you are buying it so that it reaches X dollars after Y days then you are already doing it wrong and you are deceiving yourself.

[Wexnident]

Might be when I first started crypto? Though I guess that was just mostly ignorance and being dumb on my part. I had a shitcoin that I got from a bounty as reward and believed it would go to the moon due to the people on the thread talking about it like that. So me being the stupid ass I am, believed it and also spent my savings (it was small, but it was all I got back when I was beginning college) to get a few more coins. Well, as we all know, shitcoins don't end well.

[Fundamentals Of]

I think this is unfair. Bitcoin hitting $100,000 in 2021 was the most deceitful? Not only do I not agree with it, this is somehow inconsiderate. Bitcoin in 2021 became so bullish that many were really thinking that Bitcoin could reach $100,000 within that year. Was it deceitful? Not really. It was a reasonable expectation which was born out of what was happening. The laser eyes movement was supported by a lot of respected Bitcoin fans.

Another reason why this is unfair is that this Bitcoin bullish speculation was possible. If you really want to hear the most deceitful speculations, go listen to altcoin projects promoting their ICO, IDO, or existing tokens. They're not only deceitful, they're horrible and out of reality.

[davis196]

I have never fallen into any deceitful speculation in my life. Maybe I'm pretty skeptical about everything and everyone.
I remember some guy writing about Ethereum hitting a 10K USD price a few years ago. I kinda believed him for a while,but I changed my mind pretty fast.Back in 2017-2018 I believed that the GRAFT coin project will have a great future and the Graft coin will increase it's price.
Right now,the GRAFT coin is a dead shitcoin with a 1K USD market cap,AFAIK. I'm glad that I haven't bought any GRAFT coins.

Someone telling you a shitcoin is going to pump to an arbitrary price is not a speculation, it is manipulation to create a pump so that they can sell their bags and get some of the money they've lost due to the previous dumps back.

As for bitcoin, if you are buying it so that it reaches X dollars after Y days then you are already doing it wrong and you are deceiving yourself.

Aren't speculation and manipulation basically the same thing?Creating hype and demand about a financial asset and selling pieces of that asset at a higher price after a certain time frame.Manipulation is deceiving, isn't speculation deceiving as well?

[leea-1334]

I cannot remember exactly when, but in 2018 or 2019 I guess,,, thinking it would never be possible for Bitcoin to go below $5k ever again, especially when we spent long long periods near 10k, everyone said accumulation and consolidation for almost 1 year and I believed it.

You imagine how I felt in early 2020 I honestly thought I was going to lose everything.

[aoluain]

Looking back in hindsight, I don't think I really fell for anything like super deceitful. The speculative assets I bought in the past that ended up really really bad was 100% really dumb to start with, I was just being too blinded by my greed.

Someone telling you a shitcoin is going to pump to an arbitrary price is not a speculation, it is manipulation to create a pump so that they can sell their bags and get some of the money they've lost due to the previous dumps back.

As for bitcoin, if you are buying it so that it reaches X dollars after Y days then you are already doing it wrong and you are deceiving yourself.

Ah yes the good old ICO days where $hitcoins promise so much but fail
to deliver^{nothing much has changed}. So many people spent precious BTC
on useless projects, only a few were quick enough to offload at the right time.

So yea I ended up being a "bag holder" for some $hitcoins which I liquidated back
to Bitcoin ^{at a loss obviously}

In my very early days in Crypto I was deceived into thinking a "high yield interest program"
HYIP was a sound move, obviously lost on that and learned a big lesson too. Not really
speculatory but was naive.

[Fundamentals Of]

I cannot remember exactly when, but in 2018 or 2019 I guess,,, thinking it would never be possible for Bitcoin to go below $5k ever again, especially when we spent long long periods near 10k, everyone said accumulation and consolidation for almost 1 year and I believed it.

You imagine how I felt in early 2020 I honestly thought I was going to lose everything.

I have believed in a number of this kind of prediction or assurance. Just recently, I remembered even known people would post on their social media accounts that Bitcoin's price wouldn't be falling below $40,000 or $50,000 ever again. But not only did the price of Bitcoin fall below those levels, it even went down far away from those. Even myself thought days ago that however bearish the market would be, it is almost impossible for the price to fall below $30,000. But it has.

[arwin100]

Mine was Bitcoin hitting $100k before the end of 2021 and BNB reaching an ATH of $1k  at the same time.

I cannot call that $100k prediction as deception since most provably many people are just guessing for that figure to come out as many other didn't expect how far bitcoin reached at the very moment. What I think is the biggest deception I see is on LUNA where many people hype it up and telling that this will pump since dev doing some good counter actions toward the incident happen to them, but we still see that the price continuous to drop so bad.

[Dhaniii]

Mine was Bitcoin hitting $100k before the end of 2021 and BNB reaching an ATH of $1k  at the same time. I don't want to mention that of doge coin surpassing $1 and Shiba inu making it's way to 50cents. I think many fell for some of this careless speculations and relied solely on it neglecting our own research in which i too was a victim. What speculation did you fall for

I don't see any speculation that bitcoin will cross $100k in 2021 but for me it's more of a wish for everyone and every wish may not come true. As we all know, the bitcoin market is speculative, meaning it may or may not be achieved. So as an investor, you must be smart in analyzing the market correctly.

[bittraffic]

In 2016, many were speculating what XRP will be worth and because someone were saying it could become $10 I spend the 200$ left in my account to buy as much as I could while its less than $0.10. Its the first time I experienced the bull run in crypto so yep was excited to see price goes high. Nobody said I need to dump when bear market starts. I still expect the $10 whike the price is dipping for months.

I fell for it because XRP was also an old coin. I thought the older the coin, he higher its price will be.

[$crypto$]

For me, the speculation of Bitcoin and BNB could come true, but in 2021 it didn't work out, so many people said it was carelessness, even though I believe that their potential is very high.

About Doge and Shiba it's very reckless with excessive speculation especially Shiba wanting a penny, even I bought it when the hype but now it's all back to basics again it's the same carelessness on coin memes.

My assumption is that Bitcoin, Bnb and ETH are possible to hope for.

[leea-1334]

I cannot remember exactly when, but in 2018 or 2019 I guess,,, thinking it would never be possible for Bitcoin to go below $5k ever again, especially when we spent long long periods near 10k, everyone said accumulation and consolidation for almost 1 year and I believed it.

You imagine how I felt in early 2020 I honestly thought I was going to lose everything.

I have believed in a number of this kind of prediction or assurance. Just recently, I remembered even known people would post on their social media accounts that Bitcoin's price wouldn't be falling below $40,000 or $50,000 ever again. But not only did the price of Bitcoin fall below those levels, it even went down far away from those. Even myself thought days ago that however bearish the market would be, it is almost impossible for the price to fall below $30,000. But it has.

Never below 40k when ATH was 68k is kinda dumb of those people to post such things,,, but I guess they all are hiding now  . We all know BTC can fall to almost 80% away from ATH once the bear comes but that is worst case scenario, which is why I thought 5k was very good as it was just over 80% from almost 20k back in 2017.

Even if Bitcoin never falls to 70% anymore that is still just below $20k.

[justdimin]

Ah yes the good old ICO days where $hitcoins promise so much but fail
to deliver^{nothing much has changed}. So many people spent precious BTC
on useless projects, only a few were quick enough to offload at the right time.

So yea I ended up being a "bag holder" for some $hitcoins which I liquidated back
to Bitcoin ^{at a loss obviously}

In my very early days in Crypto I was deceived into thinking a "high yield interest program"
HYIP was a sound move, obviously lost on that and learned a big lesson too. Not really
speculatory but was naive.

That was definitely a weird period. There were tons of projects that made so much return that people started to invest into silly stuff. That is mainly caused by people making profit with other things, so when your bitcoin goes 2x, or even 5x, that means your 1k becomes 5k and people start to use that profit by investing into something silly, which makes no sense to me but people do that all the time during hyped periods.

This results with people having some tokens that worth nothing, but they just gave it a chance. Just watch, if the market goes up enough that bitcoin becomes 100k one day, there will be plenty of useless tokens people invest into all over again.

[hugeblack]

I thought we would get to a new ATH by last April, but I was wrong about that and then the price rebounded in reverse during the previous days.
In general, it seems that we will not have a new ATH this year, so we should be more realistic about predictions.
As for the price of altcoin, its price is zero and is only suitable for short-term investment.
It seems that Ethereum, which was an exception, is moving towards that classification.

[pooya87]

Aren't speculation and manipulation basically the same thing?Creating hype and demand about a financial asset and selling pieces of that asset at a higher price after a certain time frame.Manipulation is deceiving, isn't speculation deceiving as well?

No because speculation should have some logic behind it even if that logic is based on some pseudo-science like technical analysis but still there is a reasonable argument behind expecting a certain market movement.
For example you speculate that because China (really) banned bitcoin mining in their country there could be a panic and people sell their coins hence decreasing the price. That's logical.

Manipulation on the other hand, is pure fakeary. For example the manipulator lies to the sheeple following him to buy a shitcoin because he is fooling them into believing that shitcoin is rising. If the sheeple believe him, he makes profit. There is no logic here.