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Author Topic: Treating bitcoin as a teenager.  (Read 654 times)
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November 12, 2023, 04:46:55 PM
 #81


One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.
I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.

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November 12, 2023, 05:00:15 PM
 #82


One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.
I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.
I remember the days where those influencers are hyping things on bitcoin and really pushing it to reach $100k before the bear market starts. I can say that there's a chance but realistically speaking, the market isn't ready yet. People end up buying more and more because of the false hope that those influencers spread last bull market. I don't really like the influencer thing last bull market since there are so so so many influencers that has a crazy speculation especially in the altcoin and NFT markets where I can foresee that they are paid to speculate the price to an extent that it is not achievable. It's the same on bitcoin, we only experienced few bull markets and we still don't know where would all this price speculations can go. I hope that the speculations we have is closer to reality given that we all might disappoint ourselves, I personally think it's better to underestimate bitcoin because it really hypes me up when it exceeded my price expectation.
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November 12, 2023, 05:33:34 PM
 #83

A real and serious nvestors won't be called investors if they don't explore every inch of what would be their investment.

There is no such thing as these investors will be discourage if what will they saw in the Bitcoin community is expectation by everyone that Bitcoin will reach their respective target moon price. Investors have their own reason why should they invest or choose not to invest their money on Bitcoin and it's out of our business anymore.

Just be on your usual. Don't bother with that mindset of yours. We don't need to encourage anyone to invest in Bitcoin.
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November 12, 2023, 05:52:46 PM
 #84

Teenagers are of different destinies, while generally, teenagers are considered to be people who are still very young and just coming out from their children age, there are still some people who become millionaires in their age, there are some people who bagged first class in their teenage age, there are also some people won the highest scholarships in their teenage age.

So going by the above, i would repeat what i said earlier that teenagers are of different destinies, we have some teenagers who are doing big things, things that some adults can't even do.

I am in no way saying that its right for people to exaggerate when it comes to predicting the possible price bitcoin will attain as its new all-time high in the coming bull run, but what i am saying in essence is that, the fact it took gold or some other major assets we have to several decades and centuries to get to where they are today, does not mean that bitcoin should follow the same pattern, Bitcoin is completely a whole new innovation and technology, there is nothing like it anywhere in the world, gold had competitors like silver and diamond.

So even if bitcoin does $1 million dollars in the next bull run, I won't be surprised either way.

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November 12, 2023, 08:05:11 PM
 #85


One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.
I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.
Bitcoin speculation is  one of the activities within the Bitcoin network that give excitement to Bitcoin holders and keep their motivation and satirical capacity highly alerted with the time as the market keeps revolving and making new waves in terms of price, so for me I believe that speculations will do more good than harm unless for those who may take speculation seriously instead of what it should be taken for which is just for statistical analysis of the Bitcoin market and nothing more.
Bitcoin price speculations shouldn't be taken as an investment advice and more so they should only reflect what the investor feels about the market and what the expert the future price to be like.

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November 12, 2023, 10:05:48 PM
 #86

A real and serious nvestors won't be called investors if they don't explore every inch of what would be their investment.
Now it's easy to find information about bitcoin, and also we have a strong growth history, but at first you need to be a visionary rather than an investor. Let's not forget that those who began buying the first bitcoins over 10 years ago were mainly kids and nerds, I'm pretty sure almost none of those were investors, but they've been able to see something that others didn't. Let's not forget that people like Buffett, probably the best investor in history, is still against bitcoin, and I'm pretty sure he did his researches about it.

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November 12, 2023, 11:17:44 PM
 #87


One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.
I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.
I remember the days where those influencers are hyping things on bitcoin and really pushing it to reach $100k before the bear market starts. I can say that there's a chance but realistically speaking, the market isn't ready yet. People end up buying more and more because of the false hope that those influencers spread last bull market. I don't really like the influencer thing last bull market since there are so so so many influencers that has a crazy speculation especially in the altcoin and NFT markets where I can foresee that they are paid to speculate the price to an extent that it is not achievable. It's the same on bitcoin, we only experienced few bull markets and we still don't know where would all this price speculations can go. I hope that the speculations we have is closer to reality given that we all might disappoint ourselves, I personally think it's better to underestimate bitcoin because it really hypes me up when it exceeded my price expectation.

Until now, the majority of crypto influencers in this industry have continued to hype the viewers here on YouTube. If you just watch and don't understand what they say in their content, you will be really hyped and swept away by the wave that they want to happen.

That's why I just pick what I think is a useful idea, because I know that most of them are just soup, and there is no truth in them that I have seen and noticed many times. That's why sometimes I don't watch it because the way I see it sounds boring.

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November 13, 2023, 03:58:58 AM
 #88

The presence of BTC has existed for more than a decade since it was created by Satoshi Nakamoto and in 2011 of course there were still very few people who knew about BTC and from year to year the number of Bitcoin enthusiasts continues to increase, but of course it cannot be separated from its advantages and disadvantages and until now In fact, people don't know lots about BTC and in my area there are still very few people who know about it.

So even though BTC is more than 10 years old, it can still be said to be a teenager because when compared to gold, of course gold has been around longer. However, in this case we cannot force someone to invest in BTC, because BTC is only intended for those who are ready for the risks posed by BTC. Let BTC grow by itself and I am sure that one day BTC will be in great demand by the public.

Lots of people predict that Bitcoin will one day be expensive and the price is fantastic and I as a BTC investor just smile and I hope that the price of BTC will be very high one day.

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November 13, 2023, 04:08:22 AM
 #89

I have read many articles exaggerating bitcoin price prediction's from both those who claim to be professionals and diverse bitcoin enthusiasts which I felt the necessity within to drop this piece figuratively.

We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.

The high expectations should be moderated so we can be able to appreciate the milestone growth bitcoin price has made. Commensurable with its age bitcoin price is doing great and only those who are not highly expectant setting their price  scale at a great distance of 100k, 150k, 200k will care to appreciate the feat, some even predict as high as $1M in the next bull run and when the price doesn't go even close as expected they complain that the performance of bitcoin has been poor.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.


A number of persons might suggest i move the topic to speculation board, however I fondle it also suites here because the topic is not giving a prediction for BTC price but otherwise.   

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.

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November 13, 2023, 04:31:15 AM
 #90

A real and serious nvestors won't be called investors if they don't explore every inch of what would be their investment.

There is no such thing as these investors will be discourage if what will they saw in the Bitcoin community is expectation by everyone that Bitcoin will reach their respective target moon price. Investors have their own reason why should they invest or choose not to invest their money on Bitcoin and it's out of our business anymore.

Just be on your usual. Don't bother with that mindset of yours. We don't need to encourage anyone to invest in Bitcoin.

and also currently I also see that there is still a lot of confusion and even fear about what Bitcoin will do to Bitcoin. So I think it's also based on convenience and so on. what to do if we are sure to continue Register on a reputable bitcoin exchange, and place our bitcoins to start trading. But try at our own risk and use proper risk management.

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November 13, 2023, 05:14:21 AM
 #91


One is that we should not expect a number that is too high compared to what is happening and should be satisfied with what we get. Second: we should set a specific goal and only sell bitcoin when we reach the goal, and of course, we should not set a specific time for our goal. Because we all know that no one can predict the future and we are no exception. My goal and plan is that I will only sell when bitcoin reaches my goal and I am willing to wait until the 2030 bull season if this bull season fails to reach my goal.
I still feel that when talking about speculation, such things are not prohibited but don't make it too much as if it is exaggerated because such things are also not very good especially when spoken by an influencer or someone who has time behind him because even if it is just speculation and we as people who understand must know such things but not all will consider it just speculation especially new people who in the end this gives the wrong understanding to their followers which in fact this will be the forerunner that bitcoin will look bad because the expectations are higher than our thoughts who should realize the process is not that fast.
I don't prohibit anyone in this case when they want to comment on bitcoin and price speculation because it is a situation they create themselves but it would be great if indeed our rationality is also given especially to those who do have a large following.
Bitcoin speculation is  one of the activities within the Bitcoin network that give excitement to Bitcoin holders and keep their motivation and satirical capacity highly alerted with the time as the market keeps revolving and making new waves in terms of price, so for me I believe that speculations will do more good than harm unless for those who may take speculation seriously instead of what it should be taken for which is just for statistical analysis of the Bitcoin market and nothing more.
Bitcoin price speculations shouldn't be taken as an investment advice and more so they should only reflect what the investor feels about the market and what the expert the future price to be like.
Speculation has pros and cons. It boosts Bitcoin market interest but also increases volatility and uncertainty. Why? Investor emotions, market movements, and hype fuel speculation. We must remember that speculation is not investment. Its more like educated guessing (like weather prediction). Patterns and previous data inform your forecast. However, weather forecasts always have an error margin. We're talking about Bitcoin price predictions, not certainties.

Avoid getting caught up in speculation Remember to research, understand the market, and know your risk tolerance. Remember, not everyone can handle Bitcoin's volatility. So, speculation? Fun to talk, dangerous to invest. Keep it in the Bitcoin conversation, but not the whole thing.

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November 13, 2023, 05:18:40 PM
 #92

I  agree with your point Bitcoin is still relatively young and expecting it to reach moon prices within a short period of time.
I believe that we should appreciate the significant growth that bitcoin has achieved so far considering its age. It has made remarkable strides.
We should treat bitcoin as a teenager that is still developing and has a promising future ahead. In the next Bull run it has much ability to grow significantly and if it will touch its ATH so it can go above 100K easily.

Bitcoin is younger than other assets and has proved to be one of the best asset ever therefore demand for it is increasing massively. Even bitcoin is younger than gold which has been use by the people from past but bitcoin has gain the curiosity of numerous individuals because price of bitcoin is increasing more rapidly than gold. As teenager are more stronger than others same is bitcoin that it has more value and is more stronger than other assets.

The price will surely reach to the maximum price therefore with hope of fulfilment of their dreams everyone wants to buy bitcoin this time. No other coins has shown such a higher price in short duration but bitcoin attained boosting price so if halving occurs the price will be more than this and bitcoin will become more valuable in the year of 2024 when Bull run initiate.

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November 13, 2023, 09:49:17 PM
 #93

Quote
Bitcoin is younger than other assets and has proved to be one of the best asset ever therefore demand for it is increasing massively

Sincerely speaking, Bitcoin is still a teenager, considering its age but the rate of its appreciation is liken to a millenial. It looks as if the engineers and the innovators of the technology factored in the best rate acceleration methodology into the technology to get it to grow at a tremendously fast pace.

If you can walk up to the world to prove that an asset is actually fast paced in terms of ROI then, that asset is non other than Bitcoin and other coins within the blockchain ecosystem.

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November 14, 2023, 10:55:37 AM
 #94

The presence of BTC has existed for more than a decade since it was created by Satoshi Nakamoto and in 2011 of course there were still very few people who knew about BTC and from year to year the number of Bitcoin enthusiasts continues to increase, but of course it cannot be separated from its advantages and disadvantages and until now In fact, people don't know lots about BTC and in my area there are still very few people who know about it.

So even though BTC is more than 10 years old, it can still be said to be a teenager because when compared to gold, of course gold has been around longer. However, in this case we cannot force someone to invest in BTC, because BTC is only intended for those who are ready for the risks posed by BTC. Let BTC grow by itself and I am sure that one day BTC will be in great demand by the public.

Lots of people predict that Bitcoin will one day be expensive and the price is fantastic and I as a BTC investor just smile and I hope that the price of BTC will be very high one day.

We cannot force anyone to invest in anything. This is not just about Bitcoin but about every investment instrument.

Bitcoin and gold are 2 different investment instruments. I think investment instruments should not be compared with each other. Each investment instrument has its own characteristics and investors make their investments knowing this.

I know that Bitcoin will become more widespread as time goes by and will become more valuable as it becomes more widespread. What I agree with you on is that many people don't know much about Bitcoin.
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November 14, 2023, 11:52:39 AM
 #95

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.
Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.
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November 14, 2023, 12:34:40 PM
 #96

Quote
Bitcoin is younger than other assets and has proved to be one of the best asset ever therefore demand for it is increasing massively

Sincerely speaking, Bitcoin is still a teenager, considering its age but the rate of its appreciation is liken to a millenial. It looks as if the engineers and the innovators of the technology factored in the best rate acceleration methodology into the technology to get it to grow at a tremendously fast pace.

If you can walk up to the world to prove that an asset is actually fast paced in terms of ROI then, that asset is non other than Bitcoin and other coins within the blockchain ecosystem.
The times have changed compared to the past with the advancement of technology and the world economy is now leaning towards a new direction. Starting with big companies banks are also showing some interest in bitcoin. In fact there is nothing to prove about bitcoin to the world bitcoin is getting faster and faster through the blockchain system. Its demand is getting noticed more and more as the days go by. Many countries around the world are legalizing bitcoin.

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November 15, 2023, 10:09:57 AM
 #97

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.
Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

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November 15, 2023, 12:19:00 PM
 #98

Therefore, I agree that the price of $ 60k is very important for such a phenomenon as bitcoin. I perfectly remember the moment when a friend told me about bitcoin conda it cost a hundred dollars! I just think what a journey has been made since that moment. What conclusion can be drawn from all this? Bitcoin will not soon renew its All-Time High, because the price is probably growing too fast. So it's better to play in a bear market.
Why do you think that Bitcoin will not update ATH soon? It seems to me that he is moving very confidently towards this goal, but maybe it won’t happen this year and maybe it won’t even happen next year, but I expect 2024-2025 to be the time when the bull market will come and at that time everything will grow.

So, in my opinion, we have to wait not so long and perhaps for us still waiting some corrections, because it cannot only grow constantly, but there is not long left until the bull market.

If you look as far as in the period including 2025, then updating all time high no longer seems impossible on the desktop. But in the near future, the price is too close to hitting the levels around 44000, which are the top of the current small trend. At the same time, if you look back a little, then not so long ago the price of bitcoin could not overcome the resistance level at 48000. Based on these figures, I think that the price will not be able to gain a foothold above 50,000 even if it breaks 48,000. And even if the society has a positive attitude towards the new year and Christmas, I think that the price may well fall no lower than 25,000.

If you are talking about short term this year or before halving then I agree with what you said. Even if bitcoin surpasses $50K this year, there is no guarantee that we are definitely in bull season and the price will never fall again. Given the current market situation, what is going on is just hype surrounding ETF news and I believe that once the SEC delays again. Everything could easily go back to where it started from like a few weeks ago. We cannot enter the bull season until halving takes place.

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November 15, 2023, 12:56:41 PM
 #99

Everyone's predictions are different, so I think everyone must have a prediction for the value of Bitcoin itself, but sometimes predictions don't match existing expectations. There is some truth in the predictions that are reported that can make new investors come, but it can't be denied either. there will be many investors who retreat with their prediction errors.
So basically, in my opinion, predictions are not a benchmark for investing, but research into the progress of Bitcoin itself is what can make investors survive.

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November 15, 2023, 09:16:51 PM
 #100

Everyone's predictions are different, so I think everyone must have a prediction for the value of Bitcoin itself, but sometimes predictions don't match existing expectations. There is some truth in the predictions that are reported that can make new investors come, but it can't be denied either. there will be many investors who retreat with their prediction errors.
So basically, in my opinion, predictions are not a benchmark for investing, but research into the progress of Bitcoin itself is what can make investors survive.
We must not confuse the many predictions we may read about how high the price of bitcoin could become at the end of the upcoming bull run and make them actual price targets we hope to achieve, I say this because with the possibility of a bitcoin ETF being approved I am once again seeing outrageous predictions of bitcoin reaching one million dollars or more during the next bull run, so this reminds me a lot to what happened during the 2017 bull run and the huge disappointment that followed when the price came nowhere near close to reach the price that was predicted by a great deal of the investors at the time.
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