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Topic: INVESTING BASED ON MERE PREDICTIONS - page 3. (Read 489 times)

legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
September 27, 2019, 04:05:15 AM
#6
First of all the people who make altcoin/crypto/stocks/fx predictions are not financial advisors in 99% of the time, so the question is why would you listen to them. People need to invest wisely especially when their hard-earned money is at play. Moreover crypto is a relatively new industry with not so much liquidity and volume in comparison with the forex or the stock markets.

My advice is simple: always but always do your OWN dilligence! You can take into account other people's opinion about the market but your decisions must be made based on your research on the market movements.
member
Activity: 490
Merit: 10
September 27, 2019, 04:00:59 AM
#5
The majority has already understood that nobody can predict market movements, due to high volatility and manipulations. Nothing can replace your own research, do not listen to strangers on the internet and do the work on your own.
legendary
Activity: 2450
Merit: 1047
September 26, 2019, 10:37:03 PM
#4
A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

It is and people should stop believing in these predictions even if it comes from so-called experts see what happens to Mcafee's predictions that it will hit 1 million this year, just do your own predictions, it's ok to check people's predictions but at the end of the day your decision is what matters, it's your money anyway.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
September 26, 2019, 09:51:11 PM
#3
It will not, the prediction based investors are always trading their money in the market but this will be affecting the longterm based investors who only hold their money in the wallet. The prediction based investors are always jumping from one to another coin and never try to keep the same thing for the long term.

For me, a party who will get a really big impact is the long term holders of bitcoin. It looks so sad but prediction based investors always winning the game. 
sr. member
Activity: 1022
Merit: 256
September 26, 2019, 09:17:18 PM
#2
A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

People really have to realize that whatever prediction they stumble upon on this forum, on social media sites, on chat channels or rooms, and wherever online are as good as theirs. Predictions are just like that, mere predictions. It could serve as a guide but it is not a sneak peak of the future. The future could be the total opposite of what is being predicted.

My advice is to learn to make predictions themselves, acquire skills in analyzing charts, read news and updates, and so on. For all we know, the prediction that they are reading is coming from a noob trying to appear a pro. The internet is a free universe, everyone could say whatever.
jr. member
Activity: 448
Merit: 1
September 26, 2019, 08:46:15 PM
#1
A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?
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