Topic: How many of you use "Crypto Prediction Applications" for trading? - page 2. (Read 354 times)

I see it the same way, but understand how it comes about. In my early days of trading (around 2016), I followed a lot of people on Twitter who claimed to be able to predict the next trends and price targets.
Especially when you are inexperienced, you like to rely on such predictions and hope for a "get-rich-quick". However, reality catches up with you relatively quickly and you realize that these people know just as little as you do, but can simply market their lack of knowledge better and thus even make a profit with paid services, where you get their (false) predictions sent to you "even faster". In a nutshell, 99% percent of the predictions were wrong or already outdated when you read them. In the end, it was just a learning experience for me.

Nowadays I still have exactly 2 of those people in my Twitter feed: Tone Vays and Brian Beamish, but not because of short term trading predictions but because of long term trends in Bear/Bull cycles. 

I don’t use any Application for crypto currency price prediction becouse i don’t know that this type of application are really workfull or not. So i don't like this type application for cryptos.     

Using crypto prediction app is the same as entrusting all your financial decision to some stranger over the internet.
If you have no problem with doing that then that's okay but you should consider making some analyzation to create prediction by yourselves. These kind of app don't exist just to provide some free information to people without a cost.

They could be taking advantage of the information they share to you like buying the coin first before sharing the information so they could reap the profit.

But, the app really could predict the future though, or more like creating the future by pursuing people to buy certain coin or making pump and dump signal.

I am sorry to disappoint you but there is only one way to make profits in the markets and that is with your own skill, in a way I understand what people are trying to do, they understand they have no chance of making money in the markets but they still want to win so they plan to borrow the skills of someone else to get to their goals.

But it does not make sense, if anyone can predict what the market is going to do instead of giving advice that person should be trading the markets and making a fortune, so as you can see there is no way around it, if you want to obtain profits you will need to begin to read some books about the subject and work hard towards your goal.

The only trading method that I use and will always use is my market research and “gut feeling”.  That’s best one you can ever have I believe. There is no such solid thing as trade forecasters or applications for that matter. Moreover in case of crypto currency which solely decentralised one, has got flexible volatility. Meaning it would be almost impossible to predict the future in crypto trades. Also don’t fall for the bot trading. It’s worst way of loosing your money on the trades.

Just learn, invest, trade and book profits. Repeat!

I really do not get why would people pay for some stranger's predictions, why would that be worth any money?

I understand that if there was this one guy that knew what bitcoin and few other coins would do every day and gave you exactly when to buy and exactly when to sell and always made money, you could consider putting money into something like that to get predictions from that person.

However does nobody realize that if someone was always right about predicting the price, they would have probably just do it themselves and make infinite amount of money in return? Why would anyone be awesome at trading and yet still sold their predictions? It would be either not available or would be free.

1. Prediction is just a prediction it can help you and maybe not? The next thing you could do if you use prediction apps.

2. Use another individual app that can alert you to the value or price of bitcoin.

3. Next is I will enlighten you on that part THAT the most reliable source you can say will be yourself studying how it goes up and down will help you but remember if you made a mistake don't stop from that you will see what went wrong.


studying can be useful when some bought a billion amount of bitcoin it will affect the price within a minute.


An application that predicts will help you but on the other hand on that part like I always said that whoever buys bitcoin a million or billion dollars will not help you.
 
You see something in the ad don't believe it will help you sometimes when I talk about trading an ad pops up to me saying that I could copy others trading strategy acting that it helps one other user but in reality, there is a chance of 70% if you don't study and just rely on that prediction app.

I don't know if you will believe me cause if you can figure out from what I have said that I don't use any other trading app cause from the very beginning that I joined bitcoin I learn to read.




I Agree, with this if say I saw that for the year 2021 the price of bitcoin will be a hundred thousand but it doesn't because we have a so-called correction plus the thing that I said already said at the beginning.

You have already mentioned the reason why you shouldn't follow this crap. Obviously, even a professional trader is having a hard time predicting the market so what algorithm does this prediction app is following?

It's the same as following a certain signal group. It's only for reference purposes but not that you will actually follow it.

If you want to be involved in a trading discussion group, I suggest joining the Binance Telegram group (https://www.binance.com/en/community) either on their general group or if there's an available group for your locals. There are "real-traders" lurking there and you might have a good read on their discussions.

So basically OP is using/finding apps to predict the future? lol

If something like that already existed I think most of us are already rich, don't you think? And also the owner of it wouldn't bother to sell it to everyone if he can enjoy the overflowing money from trading alone. I don't know what you were thinking, OP but I think TA is better if you do understand it and how the market move because a lot of factors can change the outcome of someone's prediction.

You need to make your own TA for future understanding and also learn the basics first because that's your key to success. Nobody is trading for the first time gets rich already, it's the other way around.

I like to trade, and before everything else we need to clear one thing, you either wish to have fun and earn if you can, or you can take it more seriously and try to be more professional about it!
Simply I don't use any prediction apps or any other tips... I am following my own feeling about the future price movement, I mostly base my prediction on things I read here and from some people I trust, I aim for mid and long run trades, and I am ready to wait before my orders get executed, that can happen sooner or later, but they get executed eventually! Because before everything you need to learn how to be patient, and to wait... whenever I hurried I made a mistake, so now I don't listen others too much, I am focused on my predictions and I wait for my moment to come!

The success in trading is when a trader can be able to be patient and disciplined in a way he can fully learn and understand about trading, starting little with very low amount he can lose and never be affected to continue learning and having experience. Just like you commented, using prediction app is just the beginning of failure for an inexperienced traders.

Crypto Prediction Applications is more like a BOT or EA this will not or cannot give accurate signal for crypto trading, it is the combination of lagging indicators that might likely give a false signal for a buy whereas the price is already changing trend for a sell. the best bet is to do away with those apps and study your chart, analyze your charts after-all there are many resources for learning how to trade cryptos with charts on the internet, do your own research and come up with your own trading strategy.

Unfortunately, I haven't used any "Crypto Prediction Application" and I don't plan to use it either because you better know that the crypto market is hard to predict or is it possible to predict. Much better if you will rely on the news or what is the trend just like what I've been doing because these things commonly affect or manipulate the market for example where Dogecoin insanely surge up just because of a bunch of Reddit thread calling for it to reach $1 and the same issue when Elon adds Bitcoin on his bio on Twitter leaving Bitcoin surge up for a meantime. Besides, you better not believe in anyone's predictions perhaps making your own would be much better. You could also try to read the market chart rather than taking a prediction.

I'm not sure if you've ever tried one of these apps. Basically, the apps are free, only a few are financed by ads at all. What has to be paid and brings revenue, however, are those predictions, of which you only get a handful for free and then have to buy them for money - and those are rather expensive. So this is very similar to the concept that many games use. You can basically play for free, but if you want to level up faster and still win against other players after some time, you have to invest money.

Another business model is that with some apps you have to deposit BTC and "trade" directly via the app and participate in the predictions. This is of course very dangerous, as you do not have the private keys to the wallet and your valuable BTC could be gone at any time.

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In general, you only need to look at the comments of the reviews in the Google and Apple stores, because many people lose a lot of money with such apps - or are even scammed. OP mentioned a few, just take a look at the stores:

CryptoCoins Forecast @ Google Play Store

I would never use any of those. And since you have used it, Don't bother trying out another cause you will continue to be unlucky.
This type of apps are been created merely for adsense earnings through ads, they barely serve it purpose. Those who fall for it are newbie who haven't know much Bitcoin prédiction and it works.

You could have added a poll to this thread to see a percentage of users who replied to the thread.

Personally, I have not used a prediction tool/app for trading. After years of learning the chart, I think people will just rely on their instinct and just try to value the ones they've predicted. Tradingview will be their go-to app to confirm the trend not the price prediction app.

By "Crypto Prediction Applications", I mean  applications like "CryptoCoins Forecast, Bitcoin Price Prediction, Crypto Forecast,  xPairs Signals etc. You will find them all at Google Play Store.

To be perfectly honest: If the creators of these apps were successful in predicting the market, they wouldn't need to build and sell apps.
Such apps are mostly based on very simple indicators like any trading bot can do, so there is absolutely no "magic" behind it.

I also don't believe in depending on predictions in general. It would make more sense to follow well-known traders like Tone Vays or @PhilakoneCrypto, who are also wrong with 49% of their predictions, but that's enough to end up with profits.
However, these traders usually explain their trades and predictions very well, so you can definitely learn something from these guys and then implement and apply what you have learned yourself. @PhilakoneCrypto had published a lot of learning videos for free on Youtube some time ago, that might be a good start to deal with his trading behavior (which is sometimes very aggressive and fast).

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Just google "Crypto Prediction App", there are a lot of such apps available, both free and paid.

Not tried yet any crypto prediction apps, Did you mean like Cindicator app? Its the only app I know gathering stock and crypto predictions on random people in exchange of their utility tokens for any predictions they want to join, if you are spending money on some predictions app this will not totally give you accurate results  much better to learn how to analyze market for a possible profit.     

So far, in my time in the cryptocurency world, I haven't used a prediction app to trade at all. maybe I prefer to find information with various strategies from theory and apply them directly. because I don't just want to rely on instant stuff, I want to fully master all aspects of crypto trading. To be honest I worked on it until I found what I was looking for, if today I didn't get that knowledge, I would chase it back until I got it. this is my principle not to depend on other people's predictions. because if I depend on predictions, then I don't have any progress for myself.

for me the prediction is just an illustration.