Can anyone be a Bitcoin speculation expert? - page 4.

Ndabagi01

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Quote from: Dailyscript on December 06, 2023, 05:56:20 AM

I've come across plenty of speculation about Bitcoin even before joining the forum. I remember when people said that the current rise in the price of Bitcoin doesn't necessarily mean it's a bull run. Even now, with Bitcoin at $44k, there are still speculations that it will dip.

During the Bullish Trend

$36k -- btc will dump
$38k -- btc will dump
$40k -- btc will dump
$42k -- btc will dump
$44k -- btc will dump

If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.

This speculation will continue in this manner and there won’t be a time that the speculation will be exact as the speculator speculated. It can just just be close to or even far away from the speculation. All of this speculations are based on past happenings or how they see the market is performing towards before they speculate. The market is full of volatility, they can never be a perfect time for any price, it can only be a range of price and that is what most speculators get exactly.

ancafe

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Quote from: Dailyscript on December 06, 2023, 05:56:20 AM

I've come across plenty of speculation about Bitcoin even before joining the forum. I remember when people said that the current rise in the price of Bitcoin doesn't necessarily mean it's a bull run. Even now, with Bitcoin at $44k, there are still speculations that it will dip.

That's how speculators try to convey their thoughts to the public and anyone caught in speculation will make several decisions before believing it. In my opinion, speculation can help us to see potential prices even though it is not completely accurate because literally speculation does not provide a guarantee of the truth but rather provides an overview of the process.

Quote from: Dailyscript on December 06, 2023, 05:56:20 AM

If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.

Speculation has a broad meaning and people will try to match several analyzes to see the price. The level of speculation also varies because usually people who can approach the truth are people who are able to understand Bitcoin's travel patterns. The point is that looking at speculation is an option, but we have to decide something after doing our own research.

shinratensei_

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anyone can be an expert in bullish market, because almost every coin is increasing same with bitcoin it have trend of increasing, some random people might say it will increase tomorrow of course it will after all we are in bullish but honestly speaking about technicality, im pretty sure that veteran traders and speculators out there are still having hard time predicting the price of bitcoin anyway, when there are some speculation coming from bitcoin analyst, i don't just outright trust it but instead i'd make my own observation and see whether i can trust that or not, doesn't mean im saying that im better than them, sometime i just need to suit the investment to my preference and my capital.
after all, the best financial decision is the decision we make our own, because if it happened to be a wrong financial decision at least we don't regret and go around blaming everyone else, we get to know the result and yield of the decision we ourselves make. my short answer is that, yes everyone can be expert in bullish market, but not in bearish.

sana54210

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Quote from: rodskee on December 21, 2023, 08:48:55 AM

Speculation is normal for everyone because we even speculate for ourself to what will
be the price of the coins we are holding and the assuming is there but that does not give is the
right ti lure others to trust our prediction and invest with us because we have different treatment
and capacity to risk, in there we are all different.

Speculation is literally just talking about the bitcoin price and nothing more. I understand some people may feel a little off about it but that's just how it works and nothing more.

If you say that ı think it will go up, then you are speculating, it requires that little to consider something speculation and so that means whenever we have any discussion about the price of bitcoin then we should consider that as speculation and nothing more.

I get that it is not going to be all that easy, but we need to make sure that we are going to get a lot better with time on that. I understand it may not be all that quick, and I understand that it may not take that much time, but as long as we make it work, we need to do something that should be careful.

rodskee

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Quote from: Questat on December 21, 2023, 07:26:04 AM

Quote from: wxa7115 on December 19, 2023, 11:10:22 PM

Quote from: Kemarit on December 19, 2023, 08:22:10 PM

Quote from: STT on December 19, 2023, 06:59:44 PM

Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

I think we can say that Bitcoin prediction is not an exact math or science and so are other traditional assets. And we should also look at how infant Bitcoin data is, it's fairly young, just 10 years and so there are a lot of things that we haven't seen in this market to make predictions.

The repeating patterns that we might have been seeing might not be applicable though. So we can just pluck that out in any year and then put it on the current and says that this is going to happen in the future. But that might not happen though as again, there are certain parameters that we will have to look that might not yet occur in the past.

This is another factor that makes giving accurate predictions really difficult, after all when it comes to the stock markets even if the data is not very detailed the farther you look at the past, at least there is something you can use to make some predictions.

But bitcoin is so young that we have yet to encounter a great deal of market conditions, and once we do it will still be impossible to make accurate predictions about the price, as it is impossible to do so with a sample size of one.

The crypto market was not just created yesterday so we have nothing to see, indeed, it already has records in the past to review but no way we can make an accurate prediction from that because of the volatile nature of the market. That is why all predictions will certainly be going wrong no matter what and we can't change this. Therefore, there is no way we make ourselves or proclaim that we are an expert and even our experience can't assure that we can make predictions close to the actual price reach, all of it was just a unlucky guess.

Speculation is normal for everyone because we even speculate for ourself to what will
be the price of the coins we are holding and the assuming is there but that does not give is the
right ti lure others to trust our prediction and invest with us because we have different treatment
and capacity to risk, in there we are all different.

dunfida

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Quote from: Questat on December 21, 2023, 07:26:04 AM

Quote from: wxa7115 on December 19, 2023, 11:10:22 PM

Quote from: Kemarit on December 19, 2023, 08:22:10 PM

Quote from: STT on December 19, 2023, 06:59:44 PM

Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

I think we can say that Bitcoin prediction is not an exact math or science and so are other traditional assets. And we should also look at how infant Bitcoin data is, it's fairly young, just 10 years and so there are a lot of things that we haven't seen in this market to make predictions.

The repeating patterns that we might have been seeing might not be applicable though. So we can just pluck that out in any year and then put it on the current and says that this is going to happen in the future. But that might not happen though as again, there are certain parameters that we will have to look that might not yet occur in the past.

This is another factor that makes giving accurate predictions really difficult, after all when it comes to the stock markets even if the data is not very detailed the farther you look at the past, at least there is something you can use to make some predictions.

But bitcoin is so young that we have yet to encounter a great deal of market conditions, and once we do it will still be impossible to make accurate predictions about the price, as it is impossible to do so with a sample size of one.

The crypto market was not just created yesterday so we have nothing to see, indeed, it already has records in the past to review but no way we can make an accurate prediction from that because of the volatile nature of the market. That is why all predictions will certainly be going wrong no matter what and we can't change this. Therefore, there is no way we make ourselves or proclaim that we are an expert and even our experience can't assure that we can make predictions close to the actual price reach, all of it was just a unlucky guess.

For those someone who had been making out those claims that they do know on how the market moves then it is really just that simple a scam and something that must be avoided in the first place.
We do know that it cant really be just that possible that there's someone on this world would be able to do so. When it comes to speculation then everyone could really be an expert on which we know that there are ones who do really be able to make some good analysis towards the market but doesnt mean that they are really that indeed do knows on how to deal with it. We can make on our own and it would really be always that best that you should really know on what you should gonna do on the time that you would really be that hovering yourself into this space.

It wont really be simple and it wont really be that so easy. It is really just that there are those people who are really that too dependent into others but it would be always better that
you should really be that depending with your own trading methods and analysis so that you would really be able to find yourself that sustainable or would be able to survive on the time
that you would really be that going solo and not really that depending on others.

Questat

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Quote from: wxa7115 on December 19, 2023, 11:10:22 PM

Quote from: Kemarit on December 19, 2023, 08:22:10 PM

Quote from: STT on December 19, 2023, 06:59:44 PM

Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

I think we can say that Bitcoin prediction is not an exact math or science and so are other traditional assets. And we should also look at how infant Bitcoin data is, it's fairly young, just 10 years and so there are a lot of things that we haven't seen in this market to make predictions.

The repeating patterns that we might have been seeing might not be applicable though. So we can just pluck that out in any year and then put it on the current and says that this is going to happen in the future. But that might not happen though as again, there are certain parameters that we will have to look that might not yet occur in the past.

This is another factor that makes giving accurate predictions really difficult, after all when it comes to the stock markets even if the data is not very detailed the farther you look at the past, at least there is something you can use to make some predictions.

But bitcoin is so young that we have yet to encounter a great deal of market conditions, and once we do it will still be impossible to make accurate predictions about the price, as it is impossible to do so with a sample size of one.

The crypto market was not just created yesterday so we have nothing to see, indeed, it already has records in the past to review but no way we can make an accurate prediction from that because of the volatile nature of the market. That is why all predictions will certainly be going wrong no matter what and we can't change this. Therefore, there is no way we make ourselves or proclaim that we are an expert and even our experience can't assure that we can make predictions close to the actual price reach, all of it was just a unlucky guess.

danadc

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I have always Looked for people who know a lot About Bitcoin and I think we have them in the forum, they are in the Wall Observer , there is better Prediction data and it is also a forum site where things are seen from a bull's eye point of view where Everything It is better, for that reason we as good followers of the Bitcoin prices because it can happen that we look for the best Option for everything , the Laters who are always making their predictions are often wrong and can make it appear that the market is seen as they think , but that's not the case, they make Mistakes and that's Normal , it can Always happen Because no one has an ideal Formula for this.

When we see what can happen here in a market where bitcoin is the most interesting part of many in the world, you have to have a good reputation Created by the high credibility of this , it is difficult, but I think it can always happen , It will be like this, large bitcoin investors can Show their Analysis and if you know, sometimes it goes well , Other times they don't make fun of the things in the Articles.

irhact

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Quote from: STT on December 19, 2023, 06:59:44 PM

Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

We don't have experts in Bitcoin speculation, what we have are experienced predictors that depends on their experience and understanding of the Bitcoin price charts to make their prediction. They aren't always right as no individual can predict the market exactly always. Depending on the chart history to make your prediction can make you almost always accurate as Bitcoin price has a history of repeating the same way it did in past market.

The prediction wouldn't always be accurate but that wouldn't mean they're wrong predictions and it should guide you on how to trade if you're trading Bitcoin. The price of Bitcoin is so volatile as we have many low volumes and high volume exchange that the activities there will affect the price of Bitcoin. We'll always have a close call for the Bitcoin predictions but not an exact thing that's predicted to happen.

wxa7115

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Quote from: Kemarit on December 19, 2023, 08:22:10 PM

Quote from: STT on December 19, 2023, 06:59:44 PM

Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

I think we can say that Bitcoin prediction is not an exact math or science and so are other traditional assets. And we should also look at how infant Bitcoin data is, it's fairly young, just 10 years and so there are a lot of things that we haven't seen in this market to make predictions.

The repeating patterns that we might have been seeing might not be applicable though. So we can just pluck that out in any year and then put it on the current and says that this is going to happen in the future. But that might not happen though as again, there are certain parameters that we will have to look that might not yet occur in the past.

This is another factor that makes giving accurate predictions really difficult, after all when it comes to the stock markets even if the data is not very detailed the farther you look at the past, at least there is something you can use to make some predictions.

But bitcoin is so young that we have yet to encounter a great deal of market conditions, and once we do it will still be impossible to make accurate predictions about the price, as it is impossible to do so with a sample size of one.

Kemarit

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Quote from: STT on December 19, 2023, 06:59:44 PM

Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

I think we can say that Bitcoin prediction is not an exact math or science and so are other traditional assets. And we should also look at how infant Bitcoin data is, it's fairly young, just 10 years and so there are a lot of things that we haven't seen in this market to make predictions.

The repeating patterns that we might have been seeing might not be applicable though. So we can just pluck that out in any year and then put it on the current and says that this is going to happen in the future. But that might not happen though as again, there are certain parameters that we will have to look that might not yet occur in the past.

STT

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Better to argue there are no experts at all, since its not possible to have a certain outcome thats the most feasible conclusion imo. In this regard since some of it is luck the biggest qualifier to being with expertise is experience, time served trades done and not going broke while doing so should qualify someone as with good enough experience to advise others on future moves. Patterns of movement in every market will tend to repeat, never exactly the same but having seen the extremes of BTC before does go some way to helping justify a more certain prediction on its next move.

Wiwo

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Quote from: Wahyuihib on December 06, 2023, 03:49:43 PM

This is just an opinion from me mate. If the price of Bitcoin will experience ups and downs, it's just a matter of how much it goes down and how much it goes up before the halving occurs. So it's best if you want to make a purchase, always monitor prices at all times so you don't miss the latest news.

This is nothing but just the speculation of another newbies and just as I mentioned in one of my comment earlier that newbies should stop using dump to refer to bitcoin price dip because at the level and percentage at which those dip happens, it still not significant enough to make the conclusion and call it a dump, just as if Bitcoin os some form of those shit coins that we have in the market and that do always fall in their price without any possible recovery attempts, so for sure it is better to call it just dip instead of forcing Bitcoin into the same category of some of those shitcoins who dump and pump at will.

So for sure bitcoin will definitely touched some amount in price that could be referred to as the best discounted price for the coin and any investor that bought at that price will be at good advantage anytime the price goes up.

GeorgeJohn

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From my perspective in bitcoin speculation and predictions nobody is specialist for predicting bitcoin, I know quite well that no body can predict accurately about bitcoin because the price dint be a constant something, concerning the price dropping, I'm seeing the prices of bitcoin dropping like something I know as a correction and it it will not fall to the extent of reaching thirty thousand within this year 2023, if it will fall it should next year within the range you mentioned

KiaKia

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Don't bother, as all of them are not to be taken seriously, nobody knows what Bitcoin has in store for the investors, don't be too bullish and don't be too bearish, always have some money for DCA purposes and also for buying heavy dips.

I found peace since I make up my mind that I will stop following all those so called Bitcoin experts, some that I followed on Youtube all failed, one time they predicted 12k BTC, like they already saw it coming and after the prediction failed they still advice people to have patience, this was how hundreds of their followers to miss out on buying opportunities.

I was just lucky to believe in myself at the time, and not follow these peoples prediction, you can never know what's going to happen, stop timing the market movement and you will be proud of yourself.

rodskee

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Quote from: bettercrypto on December 14, 2023, 11:50:29 PM

Well, even though I have been in this industry for several years, I still cannot say to myself that I am an expert in the field of crypto trading. Because I still recognize myself as a beginner. And that's also the truth—I'm still not an expert.

No one is expert in this thing , not even in trading not even in speculating but
we can be a expert in making our money safer.
and that is the reality in in crypto world so better learn that as a lesson.

Quote

Maybe let's just say that I only know something about trading, and according to my analysis, it is possible that the price of Bitcoin will have a correction next year in the month of January or February. Right now, the volatility that it will show in the market is quite aggressive, so if you are a deep trader, you can keep up and get a profit from opportunities like this.

you are just assuming that because of the effect of halving next year , so
maybe you are correct or maybe bitcoin continues to grow when ETF got approval and
everything will change and make us all proud in the next year.

_BlackStar

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Quote from: Oasisman on December 18, 2023, 04:45:03 PM

Quote from: Dailyscript on December 06, 2023, 05:56:20 AM

-snip-

When you say the word bitcoin expert, it doesn't mean they can get you an accurate predictions/speculation, but they are the people who can give you a relevant information and explanation why they come up with a specific figure or prediction. Sure everyone can come up with our very own speculations/prediction based on the knowledge that we have, but probably most of them for sure are just a wild guesses out of thin air.
Experts do have detailed analysis, fundamentals and technicals. But then again the outcome of their predictions aren't guaranteed. Therefore, there's no way there's someone in existence who gets the prediction right every single time.

Skills are important in conducting analysis – especially regarding the price of bitcoin. They may be called experts because of their expertise - but as you say; sometimes they can also be wrong. No one can predict for sure what a bitcoin will actually be worth at what day and time in the future - that's just speculation, but analysis can help provide an idea.

So far I am confident with several predictions if supported by fundamental and technical analysis. I rely on fundamentals to carry out accumulation - so everything is fine because my main goal is long term. If one wants to make profits in the short term – then technical and fundamental analysis should be considered at the same time.

Oasisman

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Quote from: Dailyscript on December 06, 2023, 05:56:20 AM

If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.

When you say the word bitcoin expert, it doesn't mean they can get you an accurate predictions/speculation, but they are the people who can give you a relevant information and explanation why they come up with a specific figure or prediction. Sure everyone can come up with our very own speculations/prediction based on the knowledge that we have, but probably most of them for sure are just a wild guesses out of thin air.
Experts do have detailed analysis, fundamentals and technicals. But then again the outcome of their predictions aren't guaranteed. Therefore, there's no way there's someone in existence who gets the prediction right every single time.

IMO, bitcoin may not gonna fall below $36k level at this current run as people are gradually accumulating. You can see short pullbacks, but it won't gonna be enough to pull it back down to the said figure.

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Quote from: btc_angela on December 16, 2023, 04:01:45 PM

Quote from: gunhell16 on December 16, 2023, 07:25:00 AM

Anyone can be an expert, and all of us here can also speculate on the trading we are studying because we believe it can produce profit. And this is really the main goal of a trader in this industry.

But of course we can't speculate if we don't know anything about understanding trading, because the knowledge of the indicators will also help us predict the price we think it might reach. So until this prediction happens, it will remain speculation.

We know that prediction is just wild but educated guesses, because they used technical analysis, draw the line and come up to the conclusion as to where the price will go. Sometimes they predicted it right, or most likely they are wrong because the price suddenly goes down and their analysis wasn't able to cover that sentiments and psychology of the investors or traders.

So there's nothing wrong with predictions, we can make our own, maybe it's better to keep it to ourselves though.

But we have so many members here who's really educated with technical analysis and I will say that I envy them, but to each its own. I just follow their analysis and then make my own conclusion.

Educated guesses on the time that we could really be able to apply those technical analysis on which same as you do said and this is where you could say that when it comes to this market on where it is really that
someone could be having that feeling that they do become expert. Grin

. We are dealing on a speculative market then it would be normal that we would really be having that speculative approach as well.
We are free on what are the things that we are doing and since this market is really that unpredictable then there's no right or wrong for someone to be able to make some speculation about on where
prices could actually god.
Thing that differs on here is that on how people would really be dealing up with their speculations on which some might be backed up with those analysis or basing up into those and there are ones
who are really just that making those guesses basing up with their gut feeling and on what they've been thinking on that point. So everyone could give out those numbers
and this is why it would be that normal that we would be seeing different number and approaches.

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Quote from: gunhell16 on December 16, 2023, 07:25:00 AM

Anyone can be an expert, and all of us here can also speculate on the trading we are studying because we believe it can produce profit. And this is really the main goal of a trader in this industry.

But of course we can't speculate if we don't know anything about understanding trading, because the knowledge of the indicators will also help us predict the price we think it might reach. So until this prediction happens, it will remain speculation.

We know that prediction is just wild but educated guesses, because they used technical analysis, draw the line and come up to the conclusion as to where the price will go. Sometimes they predicted it right, or most likely they are wrong because the price suddenly goes down and their analysis wasn't able to cover that sentiments and psychology of the investors or traders.

So there's nothing wrong with predictions, we can make our own, maybe it's better to keep it to ourselves though.

But we have so many members here who's really educated with technical analysis and I will say that I envy them, but to each its own. I just follow their analysis and then make my own conclusion.

Topic: Can anyone be a Bitcoin speculation expert? - page 4. (Read 968 times)