What was the most deceitful speculation you ever fell for

[Roidz]

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

That Bitcoin will cross more than 20k last 2017 , I bought 1/4 of my funds at 16k and sadly the value drops even before reaching 20k and that is what i was deceived though it is my own greediness that fell me there lol.

Now? never that I believe this to come , instantly instead I can wait for long term and not to take that attitude again.

Waiting for the price to rise in the future is the right decision, especially if it's about bitcoin because bitcoin has a greater chance of growing higher than altcoins. But unfortunately, we don't know when the price will go up and can only guess. I hope we can control ourselves not to be greedy when the bitcoin price rises again because we already know that once the price reaches a new ATH, it can drop back to a low price. So take your advantage before the opportunity is gone.

Seeing the price of bitcoin which is now almost half of the highest price it used to be, of course holding is the right step rather than having to sell it at a cheap price, many of us are actually trapped and consumed by the analysis that continues to circulate today, making us take a hasty attitude including have to be willing to suffer losses by believing bullshit that says bitcoin will die, I personally have so far remained to hold the bitcoin I have because I believe the price of bitcoin sooner or later will back to recover.

[YOSHIE]

@Zilon, maybe I've seen and heard crypto users or speculations like you said, but I don't believe in such a thing, maybe I'm not careless in my imagination.

However, regret speculation for me exists, it happened to BNB and XDC coins, I am very sorry, at that time BNB was at $14 while XDC was at $0.0007, why did I not believe their speculation at that time, just try it if i believe what they say every coin, i put it up with a capital of $1000/type of coin, maybe by now I've become a lucky person, that's the thought that I really regret until now.

[STT]

Dont blame anyone else, its self deception mostly.   People believe in fixed targets and prices for BTC when we have no dam idea what they are doing to Dollar and why hasnt it fallen apart already.   There is no certain outcome so how could anyone know for sure a certain price in the future.   The bigger and better question is does it really matter, consider BTC by itself not what its passing in the rear view mirror.
   All these round figures especially, its like a reverse magnet it repels as well as attracts.   If you do speculate and trade like that dont wait for 6 figures because it will certainly sell off before that point many times, people jump the gun and sell out thats how it all works.  Today there is nothing stopping a future price occurring even as high as this, this fall does not negate that future event but when I dont know.

[kawetsriyanto]

Yep, Bitcoin to reach $100k is surely the most deceitful speculation. It looked very convincing since many experts or experienced speculators stated it many times. But finally, I know that it is just the way to make people continue to buy Bitcoin even at the high rate because they think the price really will hit $100k. BTC made 2 times ATH in 2021, it should be a sign that will be no longer another ATH. But since many famous people or top investors stated BTC to hit $100k in November-December 2021, people never felt worried and continue to buy although they know bullrun will be over at the end of 2021.

[jossiel]

OP, those were speculations and don't forget that each crypto is a speculative asset and that's why we're giving prices and numbers and it's very typical on this market.

I am one of those people that have believed that bitcoin shall hit $100k last year but does that goal stopped just because it didn't happened on that year? No. I'm still hopeful and just waiting for it to happen.

There's nothing to lose if we're setting to that price because we all know that someday bitcoin's going to be there due to valid reasons and factors.

[adaseb]

Bitcoin going to $100K is one thing but believing that certain alts such as Doge going to $5 or $10 that is even more crazy.

Bitcoin at least came close to $100K, went 69% of the way there. But doge hitting $10 is just impossible. Even at $1 a doge, it had like $500Million worth of sell pressure every month due to the miners.

[ethereumhunter]

Seeing the price of bitcoin which is now almost half of the highest price it used to be, of course holding is the right step rather than having to sell it at a cheap price, many of us are actually trapped and consumed by the analysis that continues to circulate today, making us take a hasty attitude including have to be willing to suffer losses by believing bullshit that says bitcoin will die, I personally have so far remained to hold the bitcoin I have because I believe the price of bitcoin sooner or later will back to recover.

Holding bitcoins at times like these is fine but we can also buy more bitcoins at this time as the price has dropped too deep from the last ATH. But before we decide, we better analyze how the market moves and not just follow the analysis of other people because their analysis is not necessarily correct. While we are analyzing, we can pay attention to where the market is going to help us make decisions. But still, be careful if you want to buy at this time because the price could fall even deeper. So you should prepare your money to buy at the lowest price.

[ShowOff]

Yep, Bitcoin to reach $100k is surely the most deceitful speculation. It looked very convincing since many experts or experienced speculators stated it many times. But finally, I know that it is just the way to make people continue to buy Bitcoin even at the high rate because they think the price really will hit $100k. BTC made 2 times ATH in 2021, it should be a sign that will be no longer another ATH. But since many famous people or top investors stated BTC to hit $100k in November-December 2021, people never felt worried and continue to buy although they know bullrun will be over at the end of 2021.

Although in the future $100K may be a big reality for bitcoin history, but now I agree that $100K speculation is the most deceptive thing during 2021 to the end of May 2022. Obviously it can't be justified based on the facts, but because all investment decisions are made on based on the willingness and awareness of investors themselves, they are also not to blame.

So far $100K is a dream that is expected to come true in the future, not this year in my opinion. If bitcoin never drops lower than 2017 ATH again, then chances are we will earn $100K after the next halving.

[justdimin]

Holding bitcoins at times like these is fine but we can also buy more bitcoins at this time as the price has dropped too deep from the last ATH. But before we decide, we better analyze how the market moves and not just follow the analysis of other people because their analysis is not necessarily correct. While we are analyzing, we can pay attention to where the market is going to help us make decisions. But still, be careful if you want to buy at this time because the price could fall even deeper. So you should prepare your money to buy at the lowest price.

Buying more bitcoin depends a bit on your budget as well. For example this month has been an exceptionally bad month for me economically. We spent a lot of money from the credit card with my wife to survive. I do not usually have these kinds of months, I am usually handling my finances well, and even paid off my debts recently and had none left.

But this month, even though we didn't do something weird, it became a bit of a problem and we are just barely surviving. All in all if you have the money for it, you can invest but for the next 2 months give or take, I will not be able to invest, and the earliest will be 1st of august, and we all know price won't be 30k by that time.

[dezoel]

Probably fact that there was a token called Swipe(sxp) and that was in a business deal with Binance as well. So, when you look at it, they are basically a small exchange all in itself plus has a card which you could use it in many places as well and provide digital purchases with like a debit card type of deal.

So, I assumed that that would be a huge deal, because Binance was basically partnering with a company and a project that would make a debit card and a great small exchange basically, and the price would go up like insanely. As we have seen, it didn't and it is not doing good at all. This is why I was just overhyped about binance deal and lost money there.

[Oceat]

That's why it's called speculation because we speculate the price and not to believe it because this is how the market works. So next time you might want to change your approach every time you read an exaggerated thread about the price of what would be the next possible price just look at the chart and do some TA to confirm the possible future price.

If you keep doing this shit believing that every thread/post your read is true or possible then you might be easy to play with the whales.

[Wilhelm]

Joining a pump and dump group in the good old days (long long ago) and finding out you were the only sucker
Was only a few hours of mining profits but I learned my lesson...

[cryptomaniac_xxx]

I will go back to 2018, everyone says that bitcoin will go to $50k at least bare minimum after hitting a all time high of almost $20k in December of 2017.

Everyone was feeling very happy that time, I was just a pup back then but was led to believed that 2018 will still be huge for bitcoin market. But a good lesson for me specially the bearish cycle, make me realized that crypto is very different from the rest of traditional markets. Anyhow, it needed another cycle in 2021 to hit $50k or more though.

[Newlifebtc]

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

If bitcoin did not reach 60k back or reach 100k other coins will not approach to that level, I'm seeing the good in Bitcoin that the speculation give power to other coins which is correct from what i have notice so far, any other altcoins is in the back of bitcoin, Shiba to day is in the bad condition and if bitcoin start growing now ecery of them will start adding weight which is abnormal

[EdenHazard]

Joining a pump and dump group in the good old days (long long ago) and finding out you were the only sucker
Was only a few hours of mining profits but I learned my lesson...

Well you must get through that kind shit to get a real lesson , now you know and we are all do.
It's a bit better to accumulate the whole speculation trend and choose which one with the most talking one and you go for it , not a real good one but at least it's slight better than a wild speculation at once.

We are all fall for it for once in a lifetime.