{"id":2993,"date":"2020-12-15T11:17:21","date_gmt":"2020-12-15T11:17:21","guid":{"rendered":"https:\/\/afluxcoin.com\/17\/the-necessary-role-of-bitcoin-critics\/"},"modified":"2020-12-15T11:17:21","modified_gmt":"2020-12-15T11:17:21","slug":"the-necessary-role-of-bitcoin-critics","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/ru\/17\/the-necessary-role-of-bitcoin-critics\/","title":{"rendered":"The Necessary Role of Bitcoin Critics"},"content":{"rendered":"

I am optimistic about Bitcoin.As the year closes to an end, price projection for bitcoin has ranged anywhere between an outrageous $500K by 2025 to a more muted $40K at the end of 2021. These forecasts are hard to ignore because they are made by increasingly established figures such as Catherine Wood, the Founder and CEO of Ark Invest, and Tom Fitzpatrick, Citibank\u2019s global head of CitiFX Technicals.Self-professed pundits littered social medias with emotions-stoking blog posts and video content, all of which contained some sort of disclaimer and absolution of responsibility.\u201cInvesting is and always will be one\u2019s responsibility.\u201dWhile it is entertaining to indulge in these feel-good forecasts, I have a nagging thought that I might become biased over time. The danger of soaring crypto-sentiments and prices is in the confirmation of this bias, which may encourage false optimism and lead one to make irrational behaviors and decisions.Worse, confirmation bias may cost one to take over-leveraged or overly risky positions that he, and perhaps family and friends included, could ill afford.Whichever side of the fence one is from, it makes logical sense to see the bigger picture with little to no prejudice. Bitcoin critics play important roles in this regard.Of course, Bitcoin proponents deserve to be heard too, but I consider them a bunch too many. The critics, on the other hand, seem to be a rare breed and therefore a tad more precious.So go ahead, follow these personalities on Twitter and hear what they have to say. Test your conviction \u2014 or faith \u2014 if you will.Nouriel RoubiniFirst up the list is Nouriel Roubini, a Turkish-born American economist, chairman of an economic consultancy firm, and professor at New York University. He is most famously known for accurately predicting the 2007\u201308 financial crisis.Now, he is making a name in the crypto\u2026<\/p>","protected":false},"excerpt":{"rendered":"

I am optimistic about Bitcoin.As the year closes to an end, price projection for bitcoin has ranged anywhere between an outrageous $500K by 2025 to a [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2993"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=2993"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=2993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=2993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=2993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}