These discussions are interesting as a distilled, pure exhibition of cognitive biases.
Nobody has any way to accurately value BTC. Yet when it goes up everyone discussing knew it and was right all along, and when it goes down everyone discussing knew it and was right all along. Logical arguments are applied to observed history & present conditions and used to forecast the future of something fundamentally impossible to predict.
You know the future price of bitcoin about as well as you can predict my next coin flip. Afterward, if you've guessed correctly, you might believe supreme intuition or reasoning led you well. And if you believe you've done something well, you're more likely to say so on some public channel such as this one.
Nobody has any way to accurately value BTC. Yet when it goes up everyone discussing knew it and was right all along, and when it goes down everyone discussing knew it and was right all along. Logical arguments are applied to observed history & present conditions and used to forecast the future of something fundamentally impossible to predict.
You know the future price of bitcoin about as well as you can predict my next coin flip. Afterward, if you've guessed correctly, you might believe supreme intuition or reasoning led you well. And if you believe you've done something well, you're more likely to say so on some public channel such as this one.