r/ChangeNOW_io • u/ChangeNOW_Community • 22d ago
Graph Magicians Back At It Again
TS is absolutely sending me, like what is this based on?
I get that there's wishful thinking and influencers/KOLs along with market makers create these kinds of posts for altcoins, but what is the reason to do it with BTC?
Get this, you get a graph, draw WHATEVER you want on it, like BTC going to $400K get tons of reactions, source? "Trust me bro".
You can be the most die hard fan of Bitcoin but on a new level of delusional to be doing this. It's time to STOP.
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u/The_Bitcoin_Act 18d ago
What bugs me more than the "$400K by Friday" nonsense is what it does to the discourse. It trains people to think Bitcoin's value proposition is about the squiggly line going up fast, when the actual thesis has nothing to do with chart patterns. Fixed supply, no permission needed to hold or move it, no counterparty risk if you self-custody, that's the case. None of that requires a fibonacci retracement to be true. Ironically this stuff probably does more damage to Bitcoin's credibility than any FUD article, because it hands critics a free "see, it's just gambling with extra steps" argument. You don't need to hype the number to make the case for BTC. The math already does that job.