Short term memory in Bitcoin is a problem.

[Callido]

Reading through some topics and replies in the speculation board today makes me realize that people have a short-term memory on Bitcoin. They quickly forget about what happened in the past. Even though they know what happened, they don't factor it into their thinking.

Speculations are opinions based on sentiments or the current state, concerning a future event. From what I've noticed, speculations are not stamped opinions, it changes as the current status changes as well, it is not really short term memory, but guesses from what is going on by the way.

[Man of peace]

Well I think it is a normal thing, in every investment they must be a kind of speculation about the market price since the price is skyrocketing and that is why there is speculation about it in order to make predictions and that is why you can see someone trying to tell you what the price of Bitcoin will be be next month or weeks or hours to come.

And again you know that in every season of the Bitcoin price is an advantage to users ,because when the price is high they are people who will want to sell their assets and make their profit and they must talk about the price Bitcoin at that very moment and when the price of Bitcoin is low,they are still people who will want to accumulate Bitcoin and must talk about price of Bitcoin by then,so you don't expect people to keep quiet over the investment they are into, because through the interaction or speculation people also gain knowledge about the trading or investment..

So it's not all about having low memory in the Bitcoin space rather it's a way of getting more educated that will help one to make a right decision in his or her investment or trading..

[Orpichukwu]

People don't have short memories about the price and events that happen with Bitcoin. I think you might have just given too much thought to what people speculate about the price; they are all voicing out what they expect from the market. That does not mean they are not aware of how the price moves; some do predictions based on historical data, while there are those who just predict based on where they want to see the market. What matters to me is that we are all aware the market is volatile and should expect whatever the market gives us.

[Alphakilo]

One human problem we have and show it in our character is, perfection. Always wanting things to go the way we want and that is relatable to this short term memory in Bitcoin.
People always want the price of BTC to be as they want and only change to their advantage and forget about how FOMO, paralysis the thinking faculty and cause emotional decisions to happen, which of course often makes clueless traders and investors follow the trend in order to save profits, but actually end up losing much more.

Bitcoin volatilities are real, so is trend following and market movement. An investor can't always rely on Bitcoin movement to invest if they know what they must do, but the thing remains that, anyone who is holding their bitcoin for future reasons, would pay no heed or be perturbed by such problems that arise from forgetting the ups and downs of Bitcoin.

[Odogwu-Blockchain]

Do not blame those speculators who is so naive about the price movement of Bitcoin, maybe they are still new into the game and doesn't know how this thing really works. Maybe they think Bitcoin price is fueled by people's opinion and emotional influences. Maybe more knowledge will teach them that, the supply and demand of Bitcoin makes it move higher and higher and the same time lower and lower.

Such is life and the same time with Bitcoin.

[death69]

this is because people are treating Bitcoin as though it should act behaving in a predictable manner, which it has never and certainly never will. This shows what individuals actually perceive about Bitcoin. Did you really think it was good money? A hedge against fiat debasement, a long-term store of value, would you be concerned about every changes in a month? Probably not. You would zoom out. You would pile sats and turn a blind eye. But that is not really the case with most people. They feel that Bitcoin is their way of getting rich overnight and so every hour it is not making them rich is a failure.

The planet is costly and weary and individuals are starving to gain a benefit. Bitcoin was supposed to be freedom (financial, political, etc) and it turns out to be the one more item to worry about. The volatility is the price of not having a central authority to smooth things out with an asset. Nobody is going to rescue the price. No bailouts. No interventions.

[Makus]

no one has short term memory in bitcoin, one thing a lot of people do is that they make their decisions based on their personal analysis and not based on history. People don't exactly forget how the market was in previous times, as a matter of fact you cannot always expect history to repeat itself. Last yesr October was supposed to be a bullrun season but surprisingly an unexpected dip came in, you can see keeping track of history made it detrimental for a lot of people because they were overly confident of bitcoin increasing for the rest of the month

[Darker45]

It's not about memory or the lack thereof. It's about emotions. People are easily carried away. They're overconfident when things are doing good. But when things start to go south, they're fearful. Many even panic. It's not about forgetting. They're just reacting to the market with strong emotions.

Another explanation to a somewhat similar behavior is that they're just trying to influence the market. Many who are hyping the market during the bullish times are only trying to make it even more bullish, to extend the bull run as much as possible. But let's be careful about these personalities. They sometimes say one thing, do another. They're also exhorting everybody to buy the dip, buy the dip, buy the dip. But they're dumping and taking profit. They want people to be rush and emotional, but they're taking carefully measured steps themselves.

[Bitcoin_people]

When the Bitcoin market increases, people think that the market will increase further and they are very excited. However, according to the past charts of the market, we know that when Bitcoin increases, its price will fall again, but we still hope that the market will increase further. We know that Bitcoin halving occurs every four years where the block is halved and the price of Bitcoin enters a higher level. However, people have doubts about this. I think when the market increases, they think that it will continue to increase, and when it falls, they think that it will only go into recession.
But we know that the behavior of the market is like this, it will increase and decrease, it is normal, but we have to invest and hold it for a long time. If we invest for a short time, it is not profitable for us at all and according to the behavior of the market, if we invest for a short time, we will face losses. That is why we should analyze the market well and know the contents, but those who are knowledgeable and experienced do not speculate and discuss such things, but those who are new make such criticisms.

[X-ray]

More of impatient than short term memory. Someone who hold bitcoin for a long time knows that sideways make up for majority of the chart. Before every significant move, there is always a sideways.

People out there becoming impatient because they are trading on a leverage. They need to keep an eye to their trading app 24 hours a day making time moving very slowly from their perspective.

[ANSEL_2.0]

This is not close to a short term memory, people failed to take profits because they believe that the price will keep going up, they either don't have any idea about charts, they don't know how to read the chart or they are consumed by hype. Also just because the price is going up and they are not taking profits doesn't mean it won't keep going up.

A good example was when Bitcoin reached $50,000 and later reached $70,000, it topped for a while and it behaved like it was over only to break the resistance and move into $90,000 range. A bitcoin holder is already a winner, not taking profits in bitcoin is not dumb on the long term..

[tread93]

Reading through some topics and replies in the speculation board today makes me realize that people have a short-term memory on Bitcoin. They quickly forget about what happened in the past. Even though they know what happened, they don't factor it into their thinking.
For example, if the Bitcoin price is pumping, people act as if it will keep pumping forever, like there will be no more dip. They talk about how it is impossible for Bitcoin to dip to this price and that price.
Then, if the price is dipping, people talk and act like it's going to be a dip forever or at least act like it's something new. Like it's not normal with Bitcoin.

Currently, some people are already complaining or talking about how Bitcoin has been moving sideways for a long time. Was it not just this month Bitcoin broke through the 90,000 dollar mark and has already gotten a monthly all-time high of about 97,000 dollars, and now it's currently around 95,000 dollars? So, how fast do people expect Bitcoin to move? Is this not the normal pace of Bitcoin? Or is there something I'm missing? It was mostly moving around 80,000 dollars last month, and this month it's going at 90,000, is that not growth? I think it is.

No not short term memory, only objections amd hose have always been items that the nay sayers will say. Honeslty I feel like Bitcoin is about to hit its stride again and move wayyy up. We will see it happen this year mark my words! New ATHs and lots of new investors are going to be buying massive bags. Especially governmetns siezing bitcoin and also with all the talk about regulations and stardardization and how to innovate bitcoin futher and that is so exciging! 

[red4slash]

I think in this case all are free to argue and speculate, not that this is forgetting the past but some of us sometimes still want to try to see what forecasts will happen in terms of prices as a form of their belief especially when dealing with trading because not only belief but analysis of technical and fundamentals is important.

Even from the beginning you have discussed that the sub forum is in speculation so it should be clear that the purpose of the speculation sub forum is how to express opinions that are still like predictions because if what we initiate is correct then the speculation is correct but when the opposite happens then we really have to be more able to understand our fundamental or technical techniques because speculating about prices is also not just random but requires analysis that really has to be thought out from the start.

[Muba20]

Not everyone's speculation on Bitcoin will be similar, some are bullish while others are panicking. Short-term thinking is good when it comes to Bitcoin investing. In the case of Bitcoin investment, those who invest in the short term and emotionally are more likely to panic. They become overconfident when the price increases and panic when the market is bearish. Those who do not observe the history of Bitcoin cannot truly gain confidence in it. Investors' expectations must be realistic. Investing in Bitcoin requires a long-term perspective. Those who wait from one cycle to another without taking emotional decisions will benefit from the investment.

[Fivestar4everMVP]

Reading through some topics and replies in the speculation board today makes me realize that people have a short-term memory on Bitcoin. They quickly forget about what happened in the past. Even though they know what happened, they don't factor it into their thinking.
For example, if the Bitcoin price is pumping, people act as if it will keep pumping forever, like there will be no more dip. They talk about how it is impossible for Bitcoin to dip to this price and that price.
Then, if the price is dipping, people talk and act like it's going to be a dip forever or at least act like it's something new. Like it's not normal with Bitcoin.

Currently, some people are already complaining or talking about how Bitcoin has been moving sideways for a long time. Was it not just this month Bitcoin broke through the 90,000 dollar mark and has already gotten a monthly all-time high of about 97,000 dollars, and now it's currently around 95,000 dollars? So, how fast do people expect Bitcoin to move? Is this not the normal pace of Bitcoin? Or is there something I'm missing? It was mostly moving around 80,000 dollars last month, and this month it's going at 90,000, is that not growth? I think it is.

Well, allow people some space to speculate please because for most people, it's how they manage to get through their long and hectic day, it's sometimes fun to speculate the price bitcoin will be trading at at a specific time or period, and or to talk about the price movement up and or down and how it's not satisfying enough, all of this discussions is how some people managed to get through their long and hectic day in their various offices or business places.

This discussions doesn't affect or reduce the number of bitcoin we hold in our wallets right? Cus I know if it does have a way of increasing the number of bitcoin in the wallet, you @op will join campaign to allow every one speculate more on the previous and future price of bitcoin right? 😁
Understand that the world we live in is not perfect and don't expect perfect people in an imperfect world, we all have our weaknesses including you @op.