A Chilling Realization

[alastantiger]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022. I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year. I also had followed a couple of them on Twitter. But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off. I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next. Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

[Upgrade00]

A prediction is like a guess, one can get lucky with it and use lots of analysis to make a technical one, but it's still just a guess. You shouldn't bank on a prediction, cause people say things for different reasons; could be their perspective of the market, or saying what the public wants to hear, to build followership.

You should only trust your judgement, and this involves trusting yourself to trust the judgement of someone who you consider informed. There are a few useful content on the social space, but they are mostly drowned out by the shillers and bull market merchants.

[Gozie51]

Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

Don't follow pump and dump coins if you are planning to hold, this is a good way to be sure that you are steadily going to grow your coins and not the pump and dump coins that can crash you faster and increase your profit faster like wise. It is just between two devils to chose the better part.

[odolvlobo]

... I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year. ... I noticed this and came to the conclusion that nobody knew anything.

Congratulations. I just wish others would come to the same conclusion. There are too many people here powered by greed and crippled by ignorance.

[Accardo]

The cryptocurrency market is open for everybody to earn money. The crypto trading telegram channels make lots of money by predicting the crypto market for premium members. The truth that nobody can predict the cryptocurrency market price correctly is not yet disclosed to clienteles who are victims. I've followed some channels in the past that claim to provide accurate market price predictions, but if the analysis goes wrong they'll restructure a new lie. Customers, here, only care about big profits, eventually it'll close their eyes and leave them blind towards deceits. However, variety of people with different perspectives of cryptocurrency, flood the cryptocurrency community everyday in hundreds and thousands. Newbies that joined the cryptocurrency sphere believing its a get rich quick scheme constantly remain blind to a bunch of con artists in the market including the premium channels for price prediction, thereby spending money meant for investments on worthless services.

[Lafu]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022. I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year. I also had followed a couple of them on Twitter. But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off. I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next. Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

Learning from (your one) mistakes is a experience that you normaly learning the most.
That means not that you should doing them with every new thing you get into it , thats why the Forum here is very good.
You can read and learn from other people that have made mistakes and this helps hopefully others to not doing them .
The most YouTubers only try to get more clicks and views and subscribers with there content , there are just small hand full that knows the things about cryptocurrencies.
Glad to read that you noticed whats going on with them.

[fortunecrypto]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022. I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year. I also had followed a couple of them on Twitter. But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off. I noticed this and came to the conclusion that nobody knew anything.

We don't have a Nostradamus in our midst to accurately predict that Luna will crash, and FTX will be the biggest fiasco in the history of Cryptocurrency, we are uncertain about what's going to happen in the market and in the industry, and that is why the saying only invest what you can afford to lose stay and it should be our mantra, there's uncertainty even the experts even though they are not admitting it, are asking other experts for guaranty.

Nobody can predict what will happen next. Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

The only realization we have is the market can crash anytime and we have to accept the fact that the industry is full of bad actors that we can't get rid of because of a lack of strict regulation, the only thing that sustains us is the blockchain remains perfect and Bitcoin is still the only coin worth investing, you can go deep and so all your own research but we always go back to basic that Bitcoin is the only coin worth investing.

[lovesmayfamilis]

Any telegram groups or YouTube channels that deal with prophecies are aimed only at personal interest. Their motto, "Subscribe, like, and join a paid group for guaranteed predictions," has become so popular that if I meet something like that, I immediately conclude that these are just other couch analysts.
Even if a person has a good nose, why would he reveal all the secrets? The "money" button is not available on the Internet, but there is only our own experience and practice to tell whether the decision will be correct or not. Therefore, if there is no experience, just be a holder; the ability to be patient is the same experience that will subsequently lead to the expected result.

[cryptoaddictchie]

We need a trigger mechanism so that bull run can back healthy. But people are scared and getting flustered with the recent events that occured. Like the war, covid19, recession and high inflations. Of course everybody will be at panic mode but it doesnt mean the market will stay like this. We all knew that there will be certain time that bull run will come back and predicting this will be super hard even for experts on market analytics.

[coin-investor]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022.

It really is stormy imagine two bad news in a year two bad events that make investors lose their trust in the industry

I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year.

If they are shilling altcoins, it's not worth following these influencers there is only one coin to trust in any event, and its only Bitcoin

I also had followed a couple of them on Twitter. But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off. I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next.

They are making money from their predictions and shilling coins many of them are whales of particular coins and they are shilling them so they can dump them on you, check their previous predictions and see their average if the average is lower than 50% its not worth following these so-called influencers

Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

The thing is being open-minded develop your own check out others and do comparisons, there is no perfect analysis but we have to be open and always quick to take action.

[mk4]

I actually think we need a similar topic pinned unto this section so we could get a lot less of the "Influencer x said bitcoin will go to $100k in 2023. What do you think?" threads.

[btc_angela]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022. I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year. I also had followed a couple of them on Twitter. But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off. I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next. Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

Yeah, that's why prediction here is very hard, and what others say, it's just wild and educated guesses.
So you yourself can do that and says this and that amount will be in the next coming months or years. But who knows really, we just know that we are in the bear market but not sure what will be the bottom price.

And then who would have thought that there will be black swan events like Terra Luna and FTX collapse? So just continue grind and our main goal is to accumulate in this bear market.

[Outhue]

We need a trigger mechanism so that bull run can back healthy. But people are scared and getting flustered with the recent events that occured. Like the war, covid19, recession and high inflations. Of course everybody will be at panic mode but it doesnt mean the market will stay like this. We all knew that there will be certain time that bull run will come back and predicting this will be super hard even for experts on market analytics.

People are scared but when the next halving is near they will summon their courage, I was thinking like you did in 2018 that's why I failed to take good advantage of the 2021 bull market, the whole fear vibes from covid and the recession makes me believe that I will be hard to see good money entering the space again, I was wrong all along.

Right now greyscales are about to dump their bags too, it's all intentional because they plan to buy back for cheaper rate, it's a stealing from the people kinda trick and it works every time.

[NdaMk]

Although one could pick valuable or important points from peoples opinion to add to his own personal idea but I do not trust informations regarding bitcoin predictions from this so called social media. They are all guesses and some could not pay off. They have been people that builds on this opinions and end losing there entire savings into some shit coins or during bitcoin future trading.
Nobody is a genius on this crypto space so DYOR and learn from your own mistakes

[m2017]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022. I initially joined a few Telegram and Discord communities and started following YouTubers that were influential in cryptocurrencies and bitcoin at the beginning of the year. I also had followed a couple of them on Twitter. But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off. I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next. Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

Congratulations on your revelation. Now at least you won't believe (or at least be skeptical about) all these predictions regarding further changes in the field of currencies in the media and YouTube. Indeed, no one knows what will happen and all talk is just speculation. Of course, the entire responsibility for investing in crypto currencies lies only with the users themselves. This is precisely the advantage of crypto currencies. You just need to study and expand your horizons at least a little in order to bear this burden of responsibility with dignity and without loss.

[Awaklara]

unfortunately, you walk in and find out the crypto market is in a bad state. but there is a positive side. when you have seen the current market conditions and it is a meaningful experience if you are still here.
study history, so you won't feel frightened when you see something terrible happening before your eyes. because for those who have seen Bitcoin crash, will not panic too much with their planning. just need to reset everything and it will come back in the future.

OP, I'm sure you'll have great analysis as you develop your skills. wish you good luck in this market.

[Mpamaegbu]

I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next.

You must be a fast learner to have come to this salient conclusion. I like the realization, actually. For what it's worth, every speculation shouldn't be taken as a certitude. Speculation is prediction and narrowing it down; it's a guess. However, what makes this type of guess different is the many indicators that guard it. As humans can fail, indicators too do fail. This is what rules out certitude in speculations. That's what it's.

[Dunamisx]

But as the month s rolled by, I began to see a pattern, when it became clear that the bear market's end was still far off.

This is part of what can give you the confirmation that the bitcoin price is not manipulated else everyone will want to predict and target a particular period they are sure that the price will begin to rise, I understand we also need to work by the predictions from certain events and periods but this aren't accurate enough in deriving a conclusion that the price will rice or fall.

Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what

Exactly, one must take full responsibility for his encounter in bitcoin because at the end it's not to be how far but how well, research and discover somethings by yourself which others don't see or think of and use that to base your investment time and strategies upon.

[pixie85]

If you're interested in my plan I can share it with you. It's all about getting as much bitcoin as I can and holding it for as long as I can. The whole crypto economy depends on bitcoin so there's really no need to take additional risk by investing in altcoins.

I have some ETH because it's something different from bitcoin and I want to see how it does, but most of my money was and still is in bitcoin. I will continue to hold if the price falls to 12 or 10k, I don't care because I know that this is temporary. Bitcoin will succeed and it will continue to grow and by holding I show my support for the project.

I actually think we need a similar topic pinned unto this section so we could get a lot less of the "Influencer x said bitcoin will go to $100k in 2023. What do you think?" threads.

I've tried to watch youtubers a few days ago and I felt so brainwashed after an hour that I gave up for good. Most of them despite calling themselves crypto enthusiasts are as dumb as some of those people who testified in the FTX case.

[Lucius]

The bitcoin community has experienced one heck of a roller-coaster trip in 2022.

For some, this is nothing new, because there have been many ups and downs over the years, many bad and good news and stressful situations. And it's true what they say, with time you get used to it and don't see it as too much of a problem anymore.

~snip~
...I noticed this and came to the conclusion that nobody knew anything. Nobody can predict what will happen next. Therefore the onus is on you as an individual to develop your own method, manage risk, and adhere to the plan no matter what, all the while continuously growing and learning from your mistakes.

That's right, although I wouldn't say that all of these influencers are the same, the vast majority just want to create as much sensation as possible from any event, even a completely irrelevant one, and in that way attract as many potential followers as possible. With perhaps a few exceptions, I believe that people who spend time with the content of such "experts" actually not only waste time, but end up becoming even more confused than they were before.

Those who really have valuable information usually do not share it with anyone, or share it with a very narrow circle of people.