Topic: INVESTING BASED ON MERE PREDICTIONS (Read 489 times)

It will only be another blow if they do not learned their lesson well.  I believe there are two kinds of prediction based investors.  The first is the one who followed predictions blindlessly and the other one  is the kind that verify the validity of the prediction.  For sure the first one will suffer another blow since they just invest on whatever they heard, whether it is just a rumor or a fact.  While the second one will more likely evade the blow because he is keen on observation and can follow the validity of the prediction on the market.  

we cannot stop the creating of new predictions and the only one thing we can do is to give people an understanding that they should learn on their own and take responsibility for what they are doing

If the person doesn't ask the crypto investing question on the crypto forum, where he/she is supposed to ask? In the online forums, blogs, platforms people search the receipt in order to solve their problem and today's biggest problems are linked to the banking system. The current crypto industry may not fully replace the whole banking system but the banking mechanism will die slowly. Before this happens, every person has a right to invest in developing crypto projects like other investors.

Sometimes me seems that our world is full stupid people, which are prepared to invest money on the first pointer on forum. Would you invest your money on the advice of a stranger on the street? No? Then why are you investing money on the advice of strangers from the forum.

There are still many people who have not fully returned their money after it happened in 2018. Predictions are only approximate and not necessarily it will suit what they think. Predictions also require serious thinking, but you don't fully believe in the predictions of others.

Of course, you should also do some research and you should also be cautious about investing and trading. I do short-term trades and do not focus on long-term trading. Using capital is not great and if the price has climbed my direct sell.

I dont think so. You can see traders boasting about the success of their trading in the short term. For example, one day they can earn 1k $, 2k $ or even 20k $. but every time they fail, they lose, they will never show off about their failure.
I have a teacher who specializes in trading bitcoin, eth, margin trading, and so on.He once said that you should never believe in the glamor of a bragger, because he was and when he was in trouble. defeated, he is always silent and does not share with anyone. there were times when his losses and accounts were burnt, he lost all the money he had earned in 3 months! Every job has its risks.

Don't ever do this " Investing on mere Prediction", 90 percent of the prediction that you happen to read online are staged. They have intentions and people are being paid to spread such news.

Invest only when the product has proved itself and has traits of longevity. Of-course till the time the product has proved itself you will had missed the train, but remember that these money that you are investing are hard earned.

Investing on Prediction is like ambling between two teams where you seems to be betting on home team. How many times home team win in gambling?? favorites are just myths. If the Home team would have always be winning then this earth would be ruled by gamblers.

We need to remember that some predictions aren't genuine. Some predictions are from bagholders of a failing coin, who want to see a price increase so they can sell. Plus there are pump and dump groups that make 'predictions' when it is precisely the wrong time to buy in, in order that a small number of people can profit. In general it pays to research everything, don't just buy in from FOMO or panic-sell for no reason. It takes some time and effort, but if you have an understanding or at least a reasonable guess as to why a particular coin is (or will be) moving in a particular way, then that sets you up much better for gains, and to avoid those heavy losses.

We cannot stop people from making predictions, a prediction is one of the means people are using to hype coins they are supporting, but every project must have sound logic, to attract investors and make them stay and become their long term supporters.
Every developer has their own predictions about their project, it's part of their system but it should be back up by a good platform that the people will use and support.

Well, you can't stop people from speculating, but the crypto industry should make an effort to educate new investors on some ground rules as quickly as possible after they make their entry. The problem is not that people are making predictions, it is that new investors fail to do research, and instead, they just rush into the thick of things without bothering to look which way is up. Predictions are speculation, and speculation is anything but a certainty, and that is something that they need to understand on their very first day, or they are bound to see losses.

There's a lot of predictions of so called crypto analyst experts, big time investors all around the world but it's not a good reason to invest based on those predictions because it's not guaranteed. Since it's our money we need to research and learn first how the crypto markets works then we invest based on our own knowledge.

It just made us realize how unpredictable and how volatile the market is, there are no accurate predictions we can only set up our own actions on what to do when a situation arises, so it's better to set up one for any eventualities maybe we are ok today but tomorrow is a different story.

That will always happen in the cryptocurrency world. There will be many predictions and speculations about when it will down and when it will up. We will see another scenario like what we saw in 2017, and at that time, we will see many investors will come back to the cryptocurrency. They will think that the time for them to make a profit comes, so they don't want to be late to invest in any coins. Besides that, we will see the bull run will come to us again and yes, that will bring a big profit like before. But before it's happening, we need to prepare many things so we can surely take the profit.

Well, that is why it's called prediction. Predictions are mere predictions. They could be right or wrong. It also depends on the kind of speculators you listen to. Some are usually honest about how cryptocurrency prices work while other don't.
Also I would advice you to research what you are being taught about cryptocurrency market before investing your hard earned money.

Investing based on mere prediction is a joke already; and definitely is a blow
Sometimes you could get lucky and get the profits but most times it looks like a rekt

There’s a need to do it right; dyor and be confident in your investment

Price prediction of cryptocurrencies has caused more harm than good. The first thing to know is that, this space is unpredictable and that is the truth, so anyone investing because of what so called experts says is doing so at his own risks. These experts will predict the price of a coin but might end up not investing or even be the first to exit to USDT when the market looks unfavorable. I think by now, people are meant to learn but looks like they are yet to; Bitcoin was predicted to hit $20k last year it didn't, it was also predicted to hit $20k and even more this year too it is yet to and look at the price (although there are some months). Let's endeavour to apply caution all the times.

Almost no one bought Bitcoin at over $18000. Price was that high nt even for 24 hours.  Even $12000 Bitcoins existed onyl for a month. You had to be lucky to bought them at that price. Even cureent price of $8000 did not exist for more then half year. That gives you a lot of chances to buy this high but still you also had plenty chances to buy Bitoin at lover tehn $8000 in last 2 years.

If you wanna check out price speculations,  check this thread as it may have already existed long before you register here in the forum. Predictions are also base on what they read on the charts so it has some reference.

Wall Observer BTC/USD - Bitcoin price movement tracking & discussion usually comes up when there are people bold enough to say their speculations, mostly are good information to consider when you are constantly trading in crypto.

Predictions are like high tech individual computers but without a video card. The high-end computer is able to run any last games but it is impossible to play these games without good power by the graphics card. Trading with the other people's opinions is a very dangerous idea and you can lose your hard-earned money just for listening to other people which you don't know personally. Listening to other people is good but trading each prediction will blow up your trading account sooner or later based on my experience. Investing in the cryptocurrencies is profitable but you need to do your own homework and you will say thanks to yourself for not listening to other peoples. If you have crypto guru then it is good having a correct mentorship by the professional investor.

If i have to invest in altcoins now i will go for old altcoins, they are very stable compare to new altcoins and they have bring investors solid profits over time, they are better choice for long term hodl hands down just like bitcoin, if your predictions is based on old altcoins its still better than predicting on new projects when like only 5% out of 100% new projects are trashes

If you are an experienced investor, you will find that at any given time is an opportunity for us. Maybe 2017 is the golden age of Cryptocurrency, but 2019 is also a good time, ETH has the lowest price of $ 30 and the highest at $ 270 with very high growth. If you are seizing the opportunity, I believe you will never complain about the bear market.

I think the time of investing for quick profits is over. If you want to be in this sector, you better invest and just look away for a long period of time.

I've been investing into crypto for the past two years. Haven't cashed out on anything yet. I look at my portfolio maybe once a week. Yes I'm down like 30% right now, but it really doesn't bother me because I'm in this for the long run. As a result, I'm literally stress-free when I look at the prices. I recommend everyone doing the same, it is a game changer.

Since my early days in crypto world i have seen few predictions that went wrong, i used to follow two different crypto prediction experts but they nearly end up leading me to failure, since then i stopped following them, its wiser to be smart and do researches instead of prediction experts

Predictions can be a very dangerous weapon and at the same time it can be a saviour too, its better to rely on your research than people's predictions, they can be very misleading, if you depend on predictions you are simply gambling or betting to win or lose

Why the price of Bitcoin is up
Eight out of 10 panelists think the price of Bitcoin increased due to crypto-related announcements made at Consensus 2019 in New York City, such as those by Bakkt and Microsoft.

BitBull Capital Chief Operating Officer Sarah Bergstrand says, “The past three years, a few weeks before Blockchain Week, we have seen the rising of prices and of the overall market cap, especially during the three-day Consensus conference. It also tends to fall as soon as the conference is over.”

Digital Capital Management Chief Operating Officer Ben Ritchie puts it this way: “The rise in the price of Bitcoin on the surface appears to be a result of the release of positive news flowing from Consensus this year. However, there may be some additional underlying factors. These include the stability of Bitfinex and the USDT following their recent $850 million raise in 10 days. There is also an increased use of algorithmic trading pushing volumes significantly higher and fueling confidence — and, with it, opportunity.”

The next most-cited factors were US–China trade tensions (50%) and the impending reduction in Bitcoin emission, also known as the halvening (50%).

Arca Chief Investment Officer Jeff Dorman says there’s “not one specific reason” for Bitcoin’s rally: “It’s mosaic theory. Pent-up demand spilled out because of Fidelity’s new platform, China’s trade wars, short liquidations and Bitfinex’s forced buying from people who bought BTC with USDT in order to get out of USDT.”

Prediction equals guess. So why would someone rely on this, unless you have no self respect.
Those pretending to be experts or claiming to be are also human like us, they can't tell the exact future.
They are relying only on some variables to come up with a wild guess, but still a guess.
If a user will lose his money because he relied on someone, user can't blame him because it is not his fault but the user himself.

Here I completely agree with you, very few companies continue to work on the project. also about HOLD, I think that the question should not be compared in a few years, who knows how the market will behave in the future

Trade is hard work, and it is seen that you cannot predict the market movements, in this work you have to investigate, analyze the market, its movements, and be patient nothing can replace the experience and knowledge to obtain the expected results. For newbies, there is a new crowdfunding platform(Mintme) that allows them to start from scratch, exchange tokens (buy and sell) and interact with the creators, as in a social media platform. Mintme allows them to share their experiences and win at the same time.

You are wrong, everybody can make a prediction. Prediction is all about a guess of a certain direction or movement, it is very easy for everybody to do that because it does not require that much knowledge. You only need to speak and then you are making your own prediction.
the problem here is, a different time has a different movement and style. Let's say 2017, in 2017 we were in a major bull run. Theoretically means, we were in a time when everything was going up. Even if you make a wild guess by counting the stars or the moon, it's very likely for your prediction to hit. Because we're moving upward.
unless 2019, right now we need to make a prediction based on our market, institutional, regulation, sentiment and many other factors. Which require a deep level of knowledge to meet the target.

it's a matter of learning. As newbies traders most of us made the same mistake of believing in fake prophets. that's why I now prefer to make my own analysis and researches. I recently found a site called mintMe related to creation of custom tokens in order to promote business ideas among other mintMe users, it is very similar the way patreon works, really nice!

well, thats really bad story for the people who lost and vice verca
thats why people must invest only what they can afford to lose buddy
and do not listen to the hype on crypto world without knowing what you are doing, because the risk on crypto investments is higher if we comparing with the others investments mate

Not only newbies but even experts are falling to this prediction craze, it's ok to read predictions as long as there are logics on those predictions, people in the past have predicted that the price of Bitcoin will reach this high.

But it's a different scenario today as we move on to adoption it's hard to make a good prediction, we can only go for more realistic predictions.

Prediction on a coin is often missed, and every investment we make, there is clearly a risk that we must bear, so losing money on some investments is not the end of the job, it's just that some of the investors have not been lucky through the investments they made, so staying an investor and working according to our knowledge or analysis is a very good solution.

Prediction is part of life trading, predictions help some persons to have a clue of what minds are thinking. Although it won't be wise to take every prediction serious as most lead to doom. Before buying any coin, I try to read expert narrative and from there I draw my conclusion, nevertheless at the end, I will be responsible for my action.

By the way it's starting to look, it may be so. Too many a people have bought and invested on bitcoins and altcoins expecting it too change the world, i know, because i was once the same way too. But facing reality now, i see that its going to take more time and the road to getting there will be difficult. Too difficult in fact that it may be too risky to investment on crypto at the moment. When it gains more real world traction in terms of transactions, only then will i return and buy more crypto.

But this is just my opinion, and i've been burned by crypto and mining quite badly.

There are no prediction based investors in this market. There are only two types of people in this market. One who want to pop the cherry by trading continuously in the market within a very short term and 90% out of these lose money. Other way around is to HODL around and trust me even these people lose a lot. the ones who said HODL when btc was at 16-17K are still crying. So there are no investors and why would there be any because there is nothing to invest because there is no one working behind to increase the value of their Company.

2017 just happened to be a very good year for crypto, it has nothing to do with the predictions, either the market will be doomed or not there will always be predictions, 2017 bring smile to people's faces i tell you and many people came rushing in, the real people in loss are those who buy at that All time High of early 2018, either you decide to invest base on prediction or not it won't stop what is yet to come, it might favour you or doomed you too

It's their mistake, they were too dependent to the predictions that they've just heard online and never made their own research before putting their money on the table. You can distinguish easily why they were called predictions.

If they haven't learned from their downfall with those predictions that pushed them to failure then the same situation could happen to them. Anyway, I wouldn't call it as 'doom', the crypto market is far from being like that.

2017, predictions are great and i will tell that you can have 80% winning on those.
2018 are not that good we were at the 30% rate or worse, and now this 2019 i dont want to go to any prediction.
I want FACTS, development, partnership and good news before jumping in.

Prediction is just a prediction.
If the beginners in that year (2017) immediately believe in all the predictions. And until now they have not recovered their losses, it cannot be blamed on the person who predicted it. Because in a crypto space like this, they should be responsible for what they do at that time.

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.

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.

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.

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. 

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.

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?