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Topic: Should we rely on prediction? - page 10. (Read 1827 times)

hero member
Activity: 2800
Merit: 603
August 08, 2023, 05:35:14 PM
#80
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
Trusting someone you know is another thing and it was not wrong than relying on strangers. Many people think that some predictions can be right but the truth is that all of them are 100% maybe, just possibly be a close one.
So asking if we should rely on predictions. Well, we have no option but to accept that we live in this kind of market and we are forced to do that. As long as we have some basis for our prediction, even though it was not 100% accurate, at least we have an idea what is the direction of our investment.
full member
Activity: 560
Merit: 161
August 08, 2023, 01:29:31 PM
#79
I don't rely on prediction because they don't just happen like it is being predicted,  since I understand no one can predict bitcoin accurately I just make my mind to invest in bitcoin and wait till anytime the market increases in value I will take profit. Predicting the market and having too much expectation from the market can be dangerous sometime to do things that might affect the investment. It is better to just wait to see what the had to offer in the due time than predicting what may not eventually happen.
legendary
Activity: 1064
Merit: 1228
August 08, 2023, 12:20:11 PM
#78
-snip-
Everyone has predictions with different patterns for long-term investments but we must have investment management to avoid high losses including prioritizing reserve funds to buy when prices are bearish, I have 25% reserve funds which will be added gradually to the portfolio if the market price drops below 25k, reserve funds will minimize the risk of crypto asset losses but we need to review market update news for consideration before using reserve funds, there are several factors that cause a decrease in market prices that must be avoided or it is not recommended to use reserve funds because the influence of these factors can cause prices to fall lower on subsequent market price movements. So always be careful in managing crypto investments and don't be influenced by other people's predictions.

The crypto market is very vulnerable to price volatility, so we must increase our investment strategy knowledge to reach an expert level to maximize crypto asset management, many new holders are not knowledgeable about investment management, causing panic over market movements and they are easily influenced by other people's predictions.
In fact it is true that investment management is needed when you have an investment plan for the long term. Proper budget management can allow you to minimize potential losses caused by price volatility - also it can help you build a sound portfolio even when price volatility is not in your favor.

I understand your point even if someone believes in bitcoin price prediction from the analysis of other users. But remember - don't 100% believe any random prediction posted on social media or somewhere, it's not financial advice for you without your own analysis.

By the way - fix your signature code. There seems to be something wrong with it that it doesn't look like it should.
hero member
Activity: 784
Merit: 589
August 08, 2023, 06:38:38 AM
#77
 It's not safe to rely on predictions alone since it most times doesn't work but at the same time, these predictions give the average investor a certain form of hope and coupled with previous ATHs, there's the belief that this year will be favorable. While we are optimistic about the price of Bitcoin spiking, considering we are just four months away from 2024, before investing, it would be best to DYOR.
legendary
Activity: 2086
Merit: 1058
August 08, 2023, 05:45:54 AM
#76
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. 
The relevance of the bitcoin price will touch $100,000 because it is based on the previous ATH, so many observers try to predict that the bitcoin price when it reaches the next ATH will exceed that price. Regarding the ATH prediction, it's not about whether it's accurate or not, but trying to match prices at the previous ATH with predictions for the next ATH price. Even weekly monthly or period predictions are not necessarily correct and I still remain optimistic that when bitcoin reaches the next ATH we will see a price of $100,000 or at least be close to that number.
I feel like if we could do like another x3 from previous to next, then it will be about 200k give or take. That should be more than enough if you ask me and I think it would be a reasonable expectation as well. I know that people are expecting a lot more, but the reality is that we are not going to get all that much more, that's the max I am expecting.

Because in 2017, it reached 20k and in 2021 it reached 68k, if we look at that increase then we can say that somewhere near 200k would be a realistic one. Doesn't mean it has to be like that, maybe I am wrong and it could change a lot more or even a lot less, but that's what I am expecting, it could be done. Which means we have a chance to make x7 profit in 2 years if we buy and hold.
hero member
Activity: 2912
Merit: 629
August 07, 2023, 11:16:40 PM
#75
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
It's under probability that we should not rely on entirely since it is not accurate. Therefore why would you rely alone on other people's prediction if you can conduct your own research and analysis to know if their prediction has basis. There's nothing wrong if you follow these predictions but don't make a decision just because you're believing it can really happen.

Thus, invest based on your own knowledge and understanding on how far Bitcoin might reach in the future. So you won't miss the chance to fill your bag.
member
Activity: 348
Merit: 22
August 07, 2023, 10:43:13 PM
#74
You don't have to follow someone predictions because predictions of bitcoin price can be given or rendered without making any research so therefore I believe whosoever that is making a research concerning bitcoin price have to be careful so that it will not mislead some people,  I believe that anybody can make it suggestions of bitcoin price, many people have depends on the someone predictions and later they didn't succeed or making profits, so it's good on your own to make your research by yourself and depends on your research over bitcoin price.
Investing in bitcoin is of course very good for now, but at this time there are many people who make predictions that prices will improve in the future, of course this will be very good, I don't think we need to be influenced by people who mostly make predictions that prices will go up or down because if we want to get a lot of profit, of course, we have to choose our own path by finding the right information.
hero member
Activity: 1400
Merit: 655
Bitcoin is achievement
August 07, 2023, 05:18:04 PM
#73
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
You don't have to follow someone predictions because predictions of bitcoin price can be given or rendered without making any research so therefore I believe whosoever that is making a research concerning bitcoin price have to be careful so that it will not mislead some people,  I believe that anybody can make it suggestions of bitcoin price, many people have depends on the someone predictions and later they didn't succeed or making profits, so it's good on your own to make your research by yourself and depends on your research over bitcoin price.
hero member
Activity: 1792
Merit: 871
Rollbit.com ⚔️Crypto Futures
August 07, 2023, 05:04:11 PM
#72
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE
Predictions are normal, but unfortunately very few people are profitable in this trading business because it's difficult to know where the markets are headed and the fact that everybody is being bullish on what market is about to do says we aren't being honest enough with these predictions as there is no way price could head in one direction without going the otherside!

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Any pro trader will tell you that when it comes to trading,  for an outcome to to happen as anticipated it has a 50% chance and we can't always be right about these markets...so definitely it's a probability game!!
hero member
Activity: 2282
Merit: 589
August 07, 2023, 04:24:43 PM
#71
You can predict, of course, predict prices and also make an analysis of potential prices, but never make those predictions your main criterion in a long-term investment plan. Even if you believe that your analysis will pay off in the long term, but never put 100% of your budget in one fell swoop (lump sum).

Minimize investment risk with your own strategy and experience especially due to price volatility, so it will be very useful to better build your portfolio as a long term holder. No one knows how much it will price for sure, which is why minimize your risk.
Everyone has predictions with different patterns for long-term investments but we must have investment management to avoid high losses including prioritizing reserve funds to buy when prices are bearish, I have 25% reserve funds which will be added gradually to the portfolio if the market price drops below 25k, reserve funds will minimize the risk of crypto asset losses but we need to review market update news for consideration before using reserve funds, there are several factors that cause a decrease in market prices that must be avoided or it is not recommended to use reserve funds because the influence of these factors can cause prices to fall lower on subsequent market price movements. So always be careful in managing crypto investments and don't be influenced by other people's predictions.

The crypto market is very vulnerable to price volatility, so we must increase our investment strategy knowledge to reach an expert level to maximize crypto asset management, many new holders are not knowledgeable about investment management, causing panic over market movements and they are easily influenced by other people's predictions.
hero member
Activity: 1316
Merit: 731
Leading Crypto Sports Betting & Casino Platform
August 07, 2023, 03:08:54 PM
#70
Already Bitcoin has recovered to 30K.  We can predict the next year by analyzing the current year but the year 2026 is still far away which is very difficult to predict. The analysis only reads and analyzes the previous data but there is no guarantee that it will reach the set value.  As there are many investors in Bitcoin, it is natural for investors to worry about the future price of Bitcoin. However, we are sure that the price of Bitcoin and its demand will increase day by day.
Bitcoin may recover over time, even the price is expected to reach a new ATH in the future. Currently bitcoin has had some corrections since July, but I am grateful that until August 7th it did not down below $28k. You can predict, of course, predict prices and also make an analysis of potential prices, but never make those predictions your main criterion in a long-term investment plan. Even if you believe that your analysis will pay off in the long term, but never put 100% of your budget in one fell swoop (lump sum).

Minimize investment risk with your own strategy and experience especially due to price volatility, so it will be very useful to better build your portfolio as a long term holder. No one knows how much it will price for sure, which is why minimize your risk.
legendary
Activity: 2800
Merit: 1128
Leading Crypto Sports Betting & Casino Platform
August 07, 2023, 01:55:40 PM
#69
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
They do think that they can trust them but the reality is that most of the time it turns out they shouldn't have trusted them at all. That's the problem, people think they can trust others but most of the time they are trusting the wrong people with their investment and that is why they end up with a problem and there is nothing they could do about it neither.

I hope that people would realize that they shouldn't do that and could end up with a profit when they possibly could. I know that it is going to take a while but if they do what they should, then they wouldn't really end up with a problem later on. Just get bitcoin and hold it, if you are stuck on what to do, then simply buying bitcoin at this moment and holding for a few years should be enough.
legendary
Activity: 2618
Merit: 1105
Tontogether | Save Smart & Win Big
August 07, 2023, 01:12:12 PM
#68
Predictions were part of the market speculation. Different price predictions will be put forth by the experts as well as common man citing different incidents connected with the cryptomarket. None will be sure on how precise will be the prediction. We can consider those as reference data and make our decisions. Price of bitcoin used to vary in large scale in no time and when happens different reasons were stated and we need to analyse and understand whether the mentioned reason is something possible and does it can make impact in the market.
full member
Activity: 882
Merit: 100
August 07, 2023, 08:24:09 AM
#67
Already Bitcoin has recovered to 30K.  We can predict the next year by analyzing the current year but the year 2026 is still far away which is very difficult to predict. The analysis only reads and analyzes the previous data but there is no guarantee that it will reach the set value.  As there are many investors in Bitcoin, it is natural for investors to worry about the future price of Bitcoin. However, we are sure that the price of Bitcoin and its demand will increase day by day.
sr. member
Activity: 1526
Merit: 255
August 07, 2023, 08:07:22 AM
#66
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
hero member
Activity: 1694
Merit: 592
The Martian Child
August 07, 2023, 01:39:10 AM
#65
well for me? i use prediction as one tools for my decisioning but that doesnt mean that everything in predicting will be on because there are also coming from my own research and sighting each projet.
though in bitcoin? yeah I completely trust and i need nothing to explore more.

Exactly mate. I actually do not get the point of OP. It's said we need to be in reality. Lol! We are already in reality. And predictions are very important unless we are not interested in investing even outside of crypto.

We cannot just invest without our own predictions or other predictions that we felt confident of becoming a reality. We invest because we believe in a prediction. How dumb it would be to invest without a future outlook that it would grow over time. The stock market and other trading platforms won't exist if nobody is making predictions. Even in our ordinary lives, we have our own predictions like how we took our college courses because we believe it is beneficial to us in the future.
hero member
Activity: 2856
Merit: 768
August 06, 2023, 04:39:54 PM
#64
Prediction sometimes demonstrates to be precise but most of the time prediction are not accurate and in the case of bitcoin everyone said that price will go more than 35k$ these days but unfortunately it again return back to 28k$ or 29k$ .

There’s no accurate / consistent prediction. Someone might predict the price but there’s no way he can predict multiple times because technical analysis is just reading and analyzing previous data but there’s no guarantee that it’s connected with the future outcome since price is easily affected by news which no one can predict.

Most of the analysts is just predicting random numbers just to hype the market for their own personal interest. Price prediction shouldn’t be considered as reference to your personal trade. Always dyor.
We can only tell that our predictions were accurate if on the time that it would really be going along with those predictions but its true that there's no such thing about precision about predictions yet we do always have that

kind of speculative approach when it comes to things since we do know that its never been that possible on knowing on where the prices would really be moving. Should we rely on prediction or speculative approach?
There's no other option because if we dont then we wont really be able to make out predictions on which on where we do presume out on where it would really be possibly be able to go in speaking about movement
of price. When dealing up with this market then you would definitely be having that kind of approach on which it is really that somethings needs to make out adjustment.

We would really be doing or thriving our very best on sustaining this unpredictable space because if you dont then for sure you wouldnt really be able to make yourself that sustain
nor really that able to learn on what are supposed to be learnt up.
full member
Activity: 406
Merit: 188
August 06, 2023, 04:28:47 PM
#63
I hope you will invest or you have invested in bitcoin so that you will not be one of the people that will say they have missed again. Bitcoin is going to over $100000 before 2026.

Everyone has an estimate for Bitcoin. The most estimated price is 100k. I don't know how many years we will reach this price, but these times are still opportunities to buy Bitcoin.

We all have goals and we need to invest in order to achieve these goals. We should buy as many Bitcoins as we can before Bitcoin starts to rise. Otherwise, we may regret it.

I think we won't wait until 2026 for Bitcoin's 100k target. I think the effect of halving will bring a good increase in price.
legendary
Activity: 1064
Merit: 1228
August 06, 2023, 04:28:38 PM
#62
-snip-
besides that it is also necessary to pay attention to several indications before predicting, I do not deny that predictions are really needed, but all of that starts from several indications that we pay attention to before predictions are born.
All possibilities are always there, especially since the price of Bitcoin is moving very quickly, of course predictions are very important for making choices in trading and investing.
Stop telling your tales - predictions are never mandatory and should not be able to determine your investment choices. I tend to suggest that you do analysis rather than predictions - that should influence your investment decisions and plans.

So I hope you understand - predictions don't matter, but they are part of the speculation for these out-of-control assets. Predictions don't determine anything - but may influence some people to believe in price potential without doing their own analysis.
hero member
Activity: 2744
Merit: 761
Burpaaa
August 06, 2023, 03:03:18 PM
#61
Prediction sometimes demonstrates to be precise but most of the time prediction are not accurate and in the case of bitcoin everyone said that price will go more than 35k$ these days but unfortunately it again return back to 28k$ or 29k$ .

There’s no accurate / consistent prediction. Someone might predict the price but there’s no way he can predict multiple times because technical analysis is just reading and analyzing previous data but there’s no guarantee that it’s connected with the future outcome since price is easily affected by news which no one can predict.

Most of the analysts is just predicting random numbers just to hype the market for their own personal interest. Price prediction shouldn’t be considered as reference to your personal trade. Always dyor.
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