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[AudraMiller]

There are many people that are interested in cryptocurrency and with all those that are invested in these coins they all have their own opinion about where these coins will go in the future. For some people, I believe that they use their public influence in order to create massive predictions that will hype people and drive them towards these coins in the long run. For example, a recent news article has shown that Tim Pool, who is a journalist and also a youtuber, has stated that he is under the impression that it won't be long before bitcoin is worth one million dollars. What do you think about this prediction?

 

[Wisdom01]

To be honest, the journalist, YouTubers and even crypto lovers should be given correct analysis and not sensational ones. Bitcoin has never crossed $100k, while will someone now be predicting a million. This hyping is what led some novice to crypto thinking it is a get rich quickly syndrome. I am not a doubting Thomas but I am a realist. Even if bitcoin wants to break this feast, it will take more than 10 years.

Yeah I think the fact is that Bitcoin is now drowning ,and despite the hype ,I was really expecting more increased from the price of the coin ,but was surprised to see a different turnout ,but now days like this have actually been a red period for Bitcoin ,as Bitcoin have been growing slowly and not moving high as not expected too I think

 

[btaliat]

Yeah I think the fact is that Bitcoin is now drowning ,and despite the hype ,I was really expecting more increased from the price of the coin ,but was surprised to see a different turnout ,but now days like this have actually been a red period for Bitcoin ,as Bitcoin have been growing slowly and not moving high as not expected too I think

That's it. Although I am not depressed with the price. Yesterday till today, I have lost almost 50% of my total investment on bitcoin. Instead of those YouTubers to be telling or analyzing the risks involved in bitcoin and the general crypto to the newbies, they always focus on the high side and when a newbie now starts losing, he will feel depressed because he didn't prepare for the loss.

 

[Wisdom01]

That's it. Although I am not depressed with the price. Yesterday till today, I have lost almost 50% of my total investment on bitcoin. Instead of those YouTubers to be telling or analyzing the risks involved in bitcoin and the general crypto to the newbies, they always focus on the high side and when a newbie now starts losing, he will feel depressed because he didn't prepare for the loss.

That's the thing there ,the YouTuber needs to let the crypto traders know that in every trading that goes on with cryptocurrency there are some high particular risk attached and the person could actually make loss in the process of trying to make profit , because of how the crypto market could turn out as it could be a difficult process when traders start live trading

 

[Jack / 47 F1]

i think a lot of these people just talk to hear themselves speak. they really dont know what they are talking about. these type of people are called regurgitating talking heads. they just repeat something stupid they made up or heard from somebody else who doesnt know what they are talking about. where, why & what experience or what facts does he base his prediction on ?¿?¿

im all for btc going to a million usd. but there are so many factors involved before it gets there, when it gets there or how it gets to that price. maybe if we ask the monkeys at the local zoo, they might even have a better or more accurate predication. or ask the magic ******* ball. maybe ask the village witch doctor too, might be a possible alternative.

 

[Jack / 47 F1]

nice

either write something meaningful or dont write just 1 word posts. you will get reported & most likly banned from the BMF forum. it brings down the quality of the forum. its also disrespectful to the other people who take the time to try to write quality content.

 

[Magdalene]

I do not disagree with the YouTuber because bitcoin history showed that the coin will surge no matter the circumstances. All we need do is never to panic. The coins as shown lots of improvement on the long-term basis. It's good for long-term investment. If you could hold it for long, profit is very sure.

 

[AudraMiller]

Yeah I think the fact is that Bitcoin is now drowning ,and despite the hype ,I was really expecting more increased from the price of the coin ,but was surprised to see a different turnout ,but now days like this have actually been a red period for Bitcoin ,as Bitcoin have been growing slowly and not moving high as not expected too I think

I think that the initial growth of anything is always the largest and as the price starts to increase the difference and growth will not be as noticable. Think about the coins that you have. If they are worth one dollar, a ten dollar rise is a massive increase, but ten dollar rises for bitcoin now is next to nothing.

 

[Wisdom01]

I think that the initial growth of anything is always the largest and as the price starts to increase the difference and growth will not be as noticable. Think about the coins that you have. If they are worth one dollar, a ten dollar rise is a massive increase, but ten dollar rises for bitcoin now is next to nothing.

Yeah 10 dollar rise is nothing to reckon with ,if we want to make a profit it will be part of $1000 rise , before we could see ourselves Making a viable profit from the market in that range , because investing in the market is actually a better option to make profit ,when it's a big investment amount

 

[MarkLotek]

To be honest, the journalist, YouTubers and even crypto lovers should be given correct analysis and not sensational ones. Bitcoin has never crossed $100k, while will someone now be predicting a million. This hyping is what led some novice to crypto thinking it is a get rich quickly syndrome. I am not a doubting Thomas but I am a realist. Even if bitcoin wants to break this feast, it will take more than 10 years.

It's interesting to hear about a million dollars when the value of bitcoin has never risen above $100,000...

 

[btaliat]

It's interesting to hear about a million dollars when the value of bitcoin has never risen above $100,000...

And that is how they do mislead many people into believing that bitcoin is an avenue to make quick money. They always fail to analyze the cons of bitcoin and crypto at large. That's why I do encourage intending crypto traders never to rely on YouTube alone while learning crypto to avoid being misled or believing cryptocurrency doesn't have its flaws.

 

[Magdalene]

And that is how they do mislead many people into believing that bitcoin is an avenue to make quick money. They always fail to analyze the cons of bitcoin and crypto at large. That's why I do encourage intending crypto traders never to rely on YouTube alone while learning crypto to avoid being misled or believing cryptocurrency doesn't have its flaws.

I don't solely rely on the YouTube to get information on cryptocurrency. The best thing to do is to make sure that I run to the Internet for some vital information. The best place to get relevant information is the YouTube buy you have to becareful of the Channel that you follow. I have couple of mentors on YouTube.

 

[AudraMiller]

Yeah 10 dollar rise is nothing to reckon with ,if we want to make a profit it will be part of $1000 rise , before we could see ourselves Making a viable profit from the market in that range , because investing in the market is actually a better option to make profit ,when it's a big investment amount

That is why the institutional investors are able to make such a large profit margin because they have invested a substantial amount of the capital into the various cryptocurrency coins. This however is not the case when it comes to smaller investors such as ourselves and as a result we do not see in profit from these fluctuations as easily.

 

[Wisdom01]

That is why the institutional investors are able to make such a large profit margin because they have invested a substantial amount of the capital into the various cryptocurrency coins. This however is not the case when it comes to smaller investors such as ourselves and as a result we do not see in profit from these fluctuations as easily.

Yeah I think the institutional investors have lot of investment in their holdings ,they actually know the huge amount of gains they could make from the business through investing more ,so am not surprised at the huge amount of gains they are making from the market, it's a huge benefit from them on the long run

 

[AudraMiller]

Yeah I think the institutional investors have lot of investment in their holdings ,they actually know the huge amount of gains they could make from the business through investing more ,so am not surprised at the huge amount of gains they are making from the market, it's a huge benefit from them on the long run

In the long-run investors are trying to gauge as much profit as they can from the cryptocurrency industry and therefore if they invest now it is likely to have a major impact on their financial position because as more countries are starting to adopt cryptocurrency into the financial infrastructure the demand is increasing substantially as well.

 

[Wisdom01]

In the long-run investors are trying to gauge as much profit as they can from the cryptocurrency industry and therefore if they invest now it is likely to have a major impact on their financial position because as more countries are starting to adopt cryptocurrency into the financial infrastructure the demand is increasing substantially as well.

Very true when micro strategy was investing in Bitcoin ,I am sure that they actually had lot of interested people and individual waiting for them to make that decision of investing ,so they can also invest more into the market and make gain's , the institutional investors contributes more investors too

 

[AudraMiller]

Very true when micro strategy was investing in Bitcoin ,I am sure that they actually had lot of interested people and individual waiting for them to make that decision of investing ,so they can also invest more into the market and make gain's , the institutional investors contributes more investors too

Yes and there are people that use them as their indicators. The reason where i first saw this a lot was when it came to elon musk and the dogecoin cryptocurrency coin and that was evident that everyone was waiting for his thoughts in order to buy the coin. That is the case with companies and bitcoin as well.

 

[Wisdom01]

Yes and there are people that use them as their indicators. The reason where i first saw this a lot was when it came to elon musk and the dogecoin cryptocurrency coin and that was evident that everyone was waiting for his thoughts in order to buy the coin. That is the case with companies and bitcoin as well.

When he was promoting then lot of people bought at the top ,so they could easily make gains from the market as it was rising rapidly then ,it was a very big disadvantage because they not actually know analysis on the best position to buy

 

[AudraMiller]

When he was promoting then lot of people bought at the top ,so they could easily make gains from the market as it was rising rapidly then ,it was a very big disadvantage because they not actually know analysis on the best position to buy

I do agree with you and it was rising a lot when he did start to promote this coin however i think that soon people started to see that he was only doing this as a way to try and manipulate the market as he only used to tweet about hte coin when the price was stable or on the decline and this was a concern.

 

[microunit]

Predictions without statistics information to back it up aren't really believable although lots of people still believe on it especially when the one saying it is a famous influencer or in this case a youtuber, Usually these kinds of things can be considered as manipulation so that they would have the desired outcome which is positive for them

 

[AudraMiller]

Predictions without statistics information to back it up aren't really believable although lots of people still believe on it especially when the one saying it is a famous influencer or in this case a youtuber, Usually these kinds of things can be considered as manipulation so that they would have the desired outcome which is positive for them

That is true however depending on how long you have actually been involved when it comes to cryptocurrency you will see that some of these people can be quite easy to influence and as a result these people are often affected by these predictions and with panic and fear they start to invest in these coins.