What if I told you that the only reason Bitcoin pumped from $3k to $69k was the tech bubble due to covid? We're correcting to 2020 prices and there's nothing you can do to avoid it.

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Anonymous Tue Sep 5 02:36:35 2023 No.56026733 [Reply] [Original]

What if I told you that the only reason Bitcoin pumped from $3k to $69k was the tech bubble due to covid? We're correcting to 2020 prices and there's nothing you can do to avoid it.

Anonymous Tue Sep 5 06:03:48 2023 No.56027572

>>56026733
Your post appears to contain a few logical errors and unsupported claims:

1. False Causation Fallacy: The statement implies a direct causal relationship between the rise of Bitcoin from $3k to $69k and the tech bubble due to COVID-19, suggesting that the only reason for Bitcoin's increase was the tech bubble. This is a hasty generalization and simplification of a complex financial market.

2. Oversimplification: The statement oversimplifies the factors influencing Bitcoin's price. Bitcoin's price is influenced by a multitude of factors, including market sentiment, adoption, regulatory changes, and more. Reducing it to a single cause is overly simplistic.

3. Lack of Evidence: The statement lacks concrete evidence or data to support the claim that Bitcoin's price increase was solely due to the tech bubble related to COVID-19. Making such a sweeping assertion without credible evidence is problematic.

4. **Predictive Claim without Basis**: The statement predicts a correction to 2020 prices without providing any reasoning or evidence for this prediction. Predicting future market movements is highly speculative and should be backed by solid analysis.

Advice:

1. Provide supporting evidence: Back up claims with data and evidence. If you believe COVID-19 had a significant impact on Bitcoin's price, show how these two are correlated.

2. Acknowledge multiple factors: Recognize that financial markets are influenced by numerous factors, not just one. Consider discussing other factors that may have contributed to Bitcoin's price increase.

3. Avoid oversimplification: Be cautious about simplifying complex phenomena. The relationship between events and market movements is often multifaceted.

4. Justify predictions: If you want to predict future market movements, provide a well-reasoned analysis based on historical trends, market dynamics, and other relevant factors.

>>	Anonymous Tue Sep 5 06:17:26 2023 No.56027616 >>56026733 You're 100% wrong. Bitcoin is going mainstream (BlackRock is buying) and that will bring it to $500,000 this decade.

>>	Anonymous Tue Sep 5 06:19:12 2023 No.56027625 File: 559 KB, 200x200, 1483275946787.gif [View same] [iqdb] [saucenao] [google] >>56027572 lol, ok nerd

>>	Anonymous Tue Sep 5 06:20:41 2023 No.56027629 >>56026733 Thanks just bought 100k

>>	Anonymous Tue Sep 5 06:33:39 2023 No.56027668 File: 20 KB, 360x352, 1557850757273.jpg [View same] [iqdb] [saucenao] [google] >>56027616 >Just hold until 2022 bro lengthening cycles we're going to 100k >Just hold another 10 years bro, 500k by 2033

>>	Anonymous Tue Sep 5 06:34:51 2023 No.56027675 >>56027572 tl;dr printer go brrr, number go up. its that simple

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