People forget Bitcoin's past too quickly

I've been reading some threads and replies on the speculation board today, and it hit me that folks have a really short memory when it comes to Bitcoin. They seem to forget what happened not so long ago. Even if they’re aware of past events, they don’t let that influence their current thinking. Take the situation where Bitcoin's price is shooting up. People act like it’ll keep going up forever, as if there won’t be any dips. They claim it’s impossible for Bitcoin to drop to certain prices. But then when the price starts to fall, those same people act like it’s going to keep dipping indefinitely or like it’s something totally new, forgetting that volatility is just part of Bitcoin's nature. Right now, I see people complaining about Bitcoin being stuck in a sideways trend for too long. But wasn't it just this month that Bitcoin broke past the 90k mark and hit a monthly all-time high near 97k? And now it's sitting around 95k. What are people expecting? Is this not the usual rhythm of Bitcoin? Last month it was mostly around 80k, and now it's at 90k. Isn't that some solid growth? I think it is.

People are not having short term memory posts on bitcoin on this forum, people only post what they think bitcoin price could be. You can also be posting yours if you wish you want to speculate on the price of bitcoin. They are known as speculations or predictions because we all know that anyone can be right or wrong. About what you are complaining of, know that people will always be using what is presently happening to bitcoin price to post about bitcoin, there is no problem about it.

It’s not a short term memory rather it’s just the influence of being hype that makes people ignore the fact of experiencing the dip. In most Bitcoin investors the dip is frequently ignored since we all know that no matter what dip Bitcoin experience it will keep coming back at top to have new ATH. Being optimistic in long term to Bitcoin is beneficial since it growth continuously and proven already if you will check the overall price history. Short term dump is nothing against potential gain in the future so why think about the current dip?

Fact is that if bitcoin price goes up, the most rationale way to think is that it will continue going up and up and up... It's more like a wish that overids ones ability to think more logically knowing fully well that both times of bull and bear are all completely temporary. No investor has short term memory regarding bitcoin price, expectation is what makes it look like an investor is kind of one sided and looking more into the possibility of bitcoin hitting new all time high rather than hitting multiple lows. Most people that are too quick to give speculation are individuals give Thier speculation based on their emotions.

If the short term memory on Bitcoin that you are talking about is as a result of what you read on the speculations board then you shouldn't worry because it's not a problem. Speculation board is where people make predictions, everybody is free to make their own speculations based on how they perceive where the market is headed. Speculations don't have to be perfect that is the reason for it's name because nobody controls the market, maybe for a very short time but price always recovers. Speculations shows the level of uncertainties in the Bitcoin market so if a prediction goes wrong it doesn't mean that the speculators have short memories it means that the market is volatile.

Agreed through and through. This board is called like that for a reason.. It's mostly a sum of the feelings of the current market situation.

@OP, there's no one that has short term memory about Bitcoin history here, even the people that make post about price speculation could have more basis knowledge about Bitcoin than you can imagine, some of them do not post about price without any convincing fact why they think that price will go in the way they expect. If I say Bitcoin is going to get to $200k next week and I explain some reasons why I think it will, does that mean that I'm short memory of the past history of Bitcoin? No, I'm not, Bitcoin history might not remain the same during every circle, that's what you also do not understand.

It is called speculation and that is what people always do not just with bitcoin but each asset that is volatile. And people got short term memory for sure or else they will not be electing the same leaders who failed all the votes and their promises yet they chose them to be their leader again when the next election comes.

Psychology of market cycles. This one is not new, and in other words is familiar with many people, but it is not enough to change many people mindset and action in the market. The market is itself while people in the market mostly don't change themselves. They repeat their mistakes time to time, cycle to cycle and with time there will be new newbies in the market so they are very possibly step on same mistakes of senior people. Human instinct is the same and the market will punish them.

That's because everyone does have their own price setting and expectation. But you're telling the real observation in there that if the price dips, people would expect it to dip more. It's the reason why they expect that due to the nature of Bitcoin and that's because of its volatility. I don't think that this is a problem as long as you're already composed with your portfolio and you're holding significant good amount of Bitcoin.

It's not the short term memory but the FOMO that makes people get carried away with bitcoin's volatility. Yes, bitcoin has fallen and risen a lot of times in the past as well but every time there will be some people who will miss the boat. So the FOMO in them will keep them go against bitcoin and then later they complain about how things could have been different.

Don't blame them, they are controlled by the media. Some of them get information from social media or quack news platforms that promote FUD and FOMO. If you have been on this forum for one year or more, then you shouldn't be perturbed by market movement. The market is volatile and everyone who has been around Bitcoin should be used to it.

Discussions naturally follow current events, and it all depends on Bitcoin direction, whether it is up or down. Many people will talk about price increases when Bitcoin price is rising, and vice versa. So, there is nothing wrong with that, and I don't think it has anything to do with short-term memory; it is simply a kind of speculative expectation, meaning they are trying to discuss what might happen to Bitcoin price next. Essentially, everyone remembers previous events, they just ignore them. Personally, I also tend to talk about Bitcoin price events. If Bitcoin starts to rise, I often talk about the possibility of further increases, and the same goes for when it falls, especially when there is news related to its movement.

I guess op expected a different prediction, it’s normal speculating bitcoin price but, thinking bitcoin price will not surge high again mainly looking at different speculations besides expecting a specific price range might be difficult reason why expectations are very low. I doubt if anyone forgot about the price movement, rather these sets of investors are considered short term plan investors because a long term investor might not focus mainly on the price, although these speculations are not taken serious just mere prediction besides past event can’t determine feature price movement.

At this point, most people are expecting Bitcoin to make a massive move given the recent market movement but that should not be expected. Bitcoin is now in its consolidation phase as it makes slow movement with low liquidity but most people are expecting the opposite. Bitcoin is not a memecoin that makes rapid up and down movement powered by hype but rather make gradual movements that is powered by liquidity.

It's mostly traders that talks like that, since they have potential to make profit in a bullish or bearish market, they  wish the dip is not going to end, they also wish that the bullish move is also not going to end, but since they don't like side ways market, they make some complicated statement about the market conditions. Not that they do not remember how Bitcoin price rally to $125k last year but the speculation board is also a place where anyone is airing their opinion concern the price of Bitcoin and they still state their opinion based on some misleading information that they have read somewhere.

It's not short-term memory or anything like that, it's all about trends that people tend to talk about, for example, if one person notices that all others are talking about how Bitcoin is going down and whether it will go down further or not, and vice versa, and you should also understand that not all those who are discussing Bitcoin and its price in the speculation section are experts of the market, they are general speculators, they say what they see, without doing any technical analysis or anything like that, so for them, when the price is going down, they feel it will go down further, until it starts going up, and their views change all of a sudden. Who do you think are panic sellers? They come from the same category, the category of people who don't know much about the market but they only react based on what they see in front of them, they know nothing about analysis so if they see a red candle, they feel or think that the market is now going down, and if they see a green candle, they think it's going up, but those who know would know that the color of a candle doesn't describe the current market direction, and it's just indicating where the market went after that specific candle started, and the duration of the candle matters.

A lot of people on this forum are very knowledgeable and experienced traders but many Bitcoiners are just risk takers or straight out gamblers. They seem eager to hype themselves up during pumps as well as dips. If you look at the chart, you will see why traders are still positive about Bitcoin. After the dip, we are still closer to 100K than 80K. There  seems to be no selling pressure. Nobody wants to sell their coins. I buy before the greed and FOMO sets in.

Not like short time memory or anything you see human always reacts to present situations thats the way human behaviors is. you can take that out of them the price speculation is actually what derives the bitcoin price and if nobody talks about it people will not even have idea What is actually going on as such the price might not even move it may remain like that and you might as well not make any profit even after you’ve acquired some token of bitcoin.

Why did you say that...You can't use one person's way of understanding Bitcoin neither on the past or the present and generalise it all to everyone, different person's has different ways of understanding Bitcoin.     During the time bitcoin price increases, people act joyous way, because the price is increasing but they don't forget dip, because they're people that buy bitcoin as the price is increasing, because the have the courage that they will make profit, especially short term investors Not everybody, except it's the newbies, because newbies are people who have double thought, if Bitcoin price goes more dip The price of Bitcoin always fluctuate so you can't predict the price accurately, you might see the price of Bitcoin at 100k now within 3hrs time it increase to 110k or it decreases to 85k, so the price interchanges unexpectedly.