It is that time again of the year, where everyone argues back and forth about where the price of Bitcoin will be at the end of the year. 100,000? 40,000? To be honest, it is getting tiring at this point for me to keep tabs on the amount of articles and videos predicting the future of cryptos.
yeah yeah tech yeah rich yeah lambo yeah rekt yeah SEC yeah decentralized yeah. You get the point.
I'd say, leave it to the future. Both predictions will be right, it is just the question of time. In the end, does it even matter?
Does it?
For most of people, the answer is yes it matters. It is an answer that will determine either you will break your bank or a new Lamborghini.
What am I talking about, this is crypto. It's all about speculation! We thrive on price prediction! We got rich because of it right? Errr...maybe? For some maybe. But some is not most, and certainly not all. That is an indicator.
There's 99% of investors who would like to disagree on if crypto can make you rich part, but rather not disclosing it. Let's count out those who got rich by scamming the communities, hacking, promoting scam projects, manipulation and all that. Losing trades are a stigma at the back of every traders. Of course not, they'll lose credibility. And the almighty right to brag. There go the motivation to keep the failures behind closed doors.
I think I have been convincing myself that if I predict the last trade right, I would be well off this time around. For far too long, only to play the same game, over and f**king over. I don't know about you, but I think I appreciate crypto for one thing and one thing only.
It gives us multiple ways of "doing things".
Some just want to stay predicting. Sure, do whatever makes you happy. But since I am not good with predicting or at least brave enough to lose my money through meddling with that risk, so...
However, as always, I am here to raise that awareness, or to provide you with;
Different Perspective
I might be one of those guys who tries to do things in different sets of ways, while having different perspective than most to achieve the same result. Does that makes me a contrarian? Hmm, maybe. I don't do it to be right, I do it, because it's just the way I am.
At the same time I am well aware of the fact that to be able to create some sort of income, I must do what the mass are doing, or at the very least, acceptable to the mass. There's no rewards in being different, its just provide me with different way of thinking and looking at things.
I decided to take upon this topic because I would love to access the critical thinking part of the whole situation with our market. This is, first and foremost, for myself, in order for me to attempt control of my own FOMO, FUD and the many subjective, biased voices and noises out there that could potentially affect my investment.
Ultimately, affecting my own well being.
To be honest, I am not fond of being asked what do I think about certain crypto, and where the price is going. If you have been my friend and have been reading my writings, I would say that the price could very well go up, down or just stay there, depending on the period we are in.
Nothing is ever justified, especially in crypto. There's so much reasons to why crypto prices are behaving the way they are.
Predictions are often gauge based on multiple sets of reason. Or just one. Which most think is and are accurate, well was, and were wrong. Multiple of dozens of times for that matter. The reason for why that is, is because of the Black Swan event.
A speculation game, is a mix of both gambling and educated researches. One that relies heavily on its predecessors' result.
Black Swans however, is the ever dominant driver, that in the end, rendered and rendering every scholarly advice and researches useless. Especially when it comes to financial endeavors
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