He’s lost his credibility at this point. He should’ve just stood by his prediction and owned it.

As for me, I always follow people who stay bullish on Bitcoin, doesn’t matter if it’s a bear or bull market. I don’t mess with futures anyway. I just keep it simple, stick to my goal, and take the opportunity when the market dips.

Every so-called expert has their own take, some bullish, some not. That’s just how it goes. In the end, it’s all about who you choose to follow.

I think it's good that he is honest and admit to his mistakes. While others is a perma bull and even if we have seen that the market is on the bull run, they still seems doesn't want to accept that they are wrong.


We all know that there are no so called experts, they just have to predict those numbers out of thin air. Some of them might have hit their predictions, but majority are not. But still those, it's fun to see those kind of predictions from well known personalities.

For sure we have heard the S2F modelling in 2021 and it failed miserably with predictions of 6 digits. But he is still back online and now we have seen that his prediction hit but it was a cycle late, Lol.

I hope this serves a lesson to us all that we should not believe on everything we see online, some are only posting for their personal interest while some don't even has a reason to what they are talking about, which this same mistake can come form any person, institution or an organization, most people affected in this situation are the types that always react to news feeds, follow up what other social media influencers, official fan pages and CEOs are posting, some of their talks could be confusing to an extent and we may always have to verify on some and know more about bitcoin. 

Each market cycle, many things happen differently than previous market cycles and you can not know about future. Those unpredictable things around the world from politics, economy to war can change many things in a current market cycle. We have to base on history but history can be changed and even a new market cycle can follow a past market cycle pattern, there are times it would move differently.

You can be wrong too. Pattern can be the same but time can be very different like it can happen sooner or later. In this market cycle, you already witnessed one unprecedented things in Bitcoin history. It's a first ever market cycle, a new ATH was seen before a Bitcoin halving. This cycle can last a same period like other past cycles or can end sooner than Q4.

You can have different plans like plan A with Q4, plan B with Q3, and plan C with later months like Q1 - Q2 2026.

Bitcoin is the most difficult thing to predict especially after halving calculating when the bull market is to start or when the market are moving sideways, at this point lot of people might lose hope and gives wrong impression towards the market about what they think. What usually happens is that people gives analysis based on their perspectives and not from the past historical data, and of course, anyone could be wrong or right but those who got it rightly doesn't mean that Pro just that they are speaking based on speculative approach towards the market and whenever the results comes as they said they tend to be praised for their speculation. I love the way he admitted and of course this are the kind of people whom we need and who knows how many people who kept trusting on his analysis and could cause a great damage to them (I meant his followers on social media) who could have invested and secured their bags past months when the price weren't up to this high.

Why should he have just stood by his prediction? He was wrong and he admitted it. He did not only admitted but also explained why he was wrong and how the things have changed.

I don't understand this, why do you follow only those who stay bullish? What's the point of pretending bullish market when the bubble has already busted and it's clearly a bearish market? I don't mean current situation, I mean it generally.
By the way, I don't believe with what so called experts say because they either have no idea and talk shit to gain attention or they do it on purpose to dump the market and use it for their own advantage.

For you, it is better that a person insists on their wrong opinion instead of admitting to being wrong? That's a very bad stance that you have.

It is better to ignore everyone than to follow randomly chosen individuals.

Influencers in this space should not even be a thing.

Owning up or not, it doesn't change anything because some weak hands might have seen the tweet and panickily sold their bags. Looking at how the market has sprung back, how would they feel? Of course, they'd feel bad. This is a more reason why as Bitcoin hodlers, we just have to close our ears to the noise some of these crypto analysts and "wannabe analysts" are making all in the name of predictions. No one truly knows the market.

The most important thing is that he easily corrected himself. People would have been embarrassed especially when they are a big famous personality in which a lot of people look up to.
I think it’s fine to have technical analysis. But we just need to make sure that we understand the possibilities of us getting it wrong and knowing how to correct mistakes.

Honestly I can't imagine why anyone would have thought Bitcoin was topped out earlier this year. But there's always plenty of people who claim that every dip or correction in price means a bear market has started, so seeing a bear market in every dip is nothing new, happens all the time. People experienced in this market just know to tune these people out. In fact, people experienced in these markets know to tune out anyone who makes public predictions, both these 'bear market around every corner' people and the 'we're going to $500k this year!' people as well.


It's especially hard to predict movements in price now because the old retail hype driven, halving-created 4 year cycle is over at this point.

Retail is still around of course, and general adoption among the masses is gradually growing each year, and retail can occasionally throw the price up or down by 10-20% in a brief panic or elation, but gone are the massive hundreds of thousands of percent hype-fueled blow-off top frenzies of 2011, 2013, and 2017. But with that also gone are the giant long 75% 1-2 year bear markets, so that's a good thing. And now instead of retail dominating the market it's the big institutional players that are driving the market, both selling and buying, with US ETFs sometimes buying up a billion dollars a day, and companies sometimes buying up a billion dollars at a time.


Basically, the 4 year cycle is over, giant bull and bear markets are over, and so it is pretty meaningless from here on out to talk about 'the end of the bull market' or 'the end of the bear market' when the market no longer has these years long bull and bear markets, but rather as we've seen tends to have a short bullish pump to a new level when resistance breaks and then tends to consolidate for a number of months at a time before repeating - we saw it in $15k to $30k, $25/30k to $35/40k's, $40k to $70k, $60/70k to $100k, and again from $75k to $100k the past month. The market is tending to have several month long on/off periods these days, allowing for a gradually rising price rather than extreme ongoing market conditions.