Just one more day until the BTC/ETH price prediction ends. I have placed my bets this time and on both the coins.
The odds are pretty decent this time but the only thin we don't know is in which direction would the price go.
I personally think that the price will bounce bank from here and so I have placed my bets on the bullish side.
I often think about placing my bet on the bitcoin price prediction, I tell myself that I will wait a few days and when there are only a few days left then I will place my bet, but whenever those days arrive the price drops a lot or rises a lot. that I end up giving up on placing my bet. In my opinion, predicting what the prices will be like in the next few days or month is not an easy task, a person can even predict that the price will rise when they see that all the conditions on the chart are met, but the problem is being able to predict that increase will last for how long time and this has been very difficult for me, for example if the option on FreeBitco.in is at $70,000 by the end of this month with a decent odds
so I see that today the price is at $63000 and is falling, I hope that I see some sign of a reversal of this downward trend in price, the 25th arrives and I see this reversal of the downward trend and the price starts to rise, the question is I'm wondering if the price could go up to $70,000 and I win the bet. So I'm thinking that maybe it's better to continue monitoring the price until I'm close to closing the bet because that way I bet with a little security, but of course that way the odd value drops as the days go by and the price increases, so if turns into an odd value that it's not worth taking the risk, because in my head it's the analysis of risk vs benefit
If I put money in a bet, I have to win 2x or more so that when I win I have money from another bet and my profit and in the case of bitcoin price predictions I would only take the risk if it was with odds much higher than 2x and I was with good chances of success, unfortunately I haven't had the time needed to make a good bet. but I keep analyzing everything until I get the right time to place a bet and have good odds