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Topic: Should we rely on prediction? - page 12. (Read 1886 times)

sr. member
Activity: 546
Merit: 342
August 04, 2023, 05:56:44 PM
#40
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.
Lol, but you are correct and this kind of prediction and speculation is what every crypto enthusiast is prone to because it what gives them hope and also believe that the market is strong and can never die off. The rise of the price of crypto is what gives everyone the mind to say whatever they want and during this time alot of crazy ass shit about the new ATH is being speculated and so many use the opportunity to buy Bitcoin because it's pumping and they expect to continue on his track so they buy and when it's all over they all just come back.
hero member
Activity: 2688
Merit: 540
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August 04, 2023, 05:21:28 PM
#39
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Everything is under probability. That's why it's called speculating. No matter how certain the analysis claim to be, it's still a prediction and a prediction is always a probability.

Whatever I say the price of BTC would be in the future is a prediction and it's still a probability.
The difference is, some predictions are made with proper analysis while others are made based on emotions and other factors that are not too accurate. Sometimes even an analysis may be wrong because there is so much uncertainty involved.
It wont really be called a speculative market if the movement is already that predertermined or already been known and also all of us would really be that rich people since we could be able to predict and tell on what would be the price on next minute, hour,day,month on which we know that it cant really be that possible. Even into those traditional markets that we know, despite on having that lesser volatility but still it would really be making out that kind of boggling that on where the price would be might ending up on would really be fallen into. Relying on prediction? Its never been that ideal
but we do know that we dont really have no choice but to think off with those things and we do keep on speculating and trying out to apply with our trading decisions on which we know that it could
potentially be able to make whether those decisions are good or bad and it would really be a continous pricess. Learnings and realizations would really be along the way on which it is really just that a
normal approach and experiences that you would be able to face long the way.
hero member
Activity: 2814
Merit: 911
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August 04, 2023, 05:15:08 PM
#38
~
You said mid to late 2025 is when the peak will occur, how certain are you that it will happen as you said or believe?
As of last year November ending before I joined the forum, it was said that Bitcoin will go higher than it is now I think between $30-$35 this year (I think), before second half of this year that it will get to that price but up till now it's struggling to even get to $32.
The sole reason for that prediction from OgNasty is because of past history on how the price would react after every BTCitcoin halving. The next halving would take place by the second quarter 2024 and if history repeats itself then by 2025 we would see another rally that might probably touch another all time high.
It is highly unlikely that anyone would be able to predict the price movement in the short term and if anyone claims that they could they are probably lying Wink.
sr. member
Activity: 686
Merit: 332
August 04, 2023, 04:46:30 PM
#37
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Everything is under probability. That's why it's called speculating. No matter how certain the analysis claim to be, it's still a prediction and a prediction is always a probability.

Whatever I say the price of BTC would be in the future is a prediction and it's still a probability.
The difference is, some predictions are made with proper analysis while others are made based on emotions and other factors that are not too accurate. Sometimes even an analysis may be wrong because there is so much uncertainty involved.
sr. member
Activity: 2422
Merit: 357
August 04, 2023, 04:37:25 PM
#36
Who said to completely rely on these datas? Of course these are predictions and analysis done by many calculations and by seeing the performance history of the coin. If you ask me about the predictions then I would say definitely Bitcoins will go big next year. Bitcoins follow a 4 year cycle to achieve it’s new ATH price, hence this will create a hype among all the Bitcoin investors. So definitely we will see something big next year. Meanwhile now when the price is down just accumulate as many Bitcoins as you can.
Predictions is just a predictions, and relying on that is fine as long as you are ready for the risk since that is the result of your own analysis I assume. Trading is all about predictions and using indicators can be a big help to make your predictions more realistic. There are reason for some why they are very bullish with Bitcoin and probably their analysis says it. We should be more realistic when it comes to setting your analysis and predictions so you wont be disappointed if the result is not in favor to you. The market is risky, and only those who can afford the risk can stay longer in the market.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
August 04, 2023, 03:30:28 PM
#35
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

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
All of us would really be having that kind of speculative approach and there would be no exemptions on which we are all average joe's on here who do keep on guessing and speculating on what would be the price on here on which it would really be just that normal that there would be people who would really be analyzing or would make out those speculative approach when it comes to price whether it would turns out to be realistic or not on a certain point. Each person does have their own approach and beliefs on what they do have in mind. Some would be focusing on technical approach and some would really be focusing or minding about its fundamental approach on why they would really be able to give out those kind of numbers on which it isnt really that shocking that there are numbers which turns out to be non realistic at all.
This is a free community though and you do have the rights or having that freedom on what are the prices that you would really be predicting because no one really be able to know on how it would really be
ending up or would be able to reach out on a particular time frame or situation.
hero member
Activity: 2842
Merit: 772
August 04, 2023, 03:25:51 PM
#34
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

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
These are predictions and they are not always correct. I remembered watching a crypto channel video earlier this year on Youtube and the crypto guru did say that Bitcoin was going to get to the $40k market price between the middle of this year but it never happened. So I'm always unperturbed and I don't really care about what people say, I'm just hodling and waiting for the bull season. I think the persons that are more worried about the price movement are short term holders who depend on market sentiments to buy and sell.

And with that, if there is at least one youtuber who can predict the price and see the future then he should be a crypto millionaire by now. But it is not the case, this crypto guru is nothing but just like the rest of us here. They are just using the platform for clickbait and obviously to monetized their streams or channels. We can also to that, to make predictions, read the graphs and formulate our own numbers.

So I will suggest to just stay away from this kind of youtubers. Even here in our community, there are a lot of good analyst as well, who right their technical analysis, laid down everything. But still it might be right or wrong. That's why it's better if we are here for the long haul, to just buy and HODL.
hero member
Activity: 1624
Merit: 791
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August 04, 2023, 02:27:29 PM
#33
The predictions in the article contradict me, but they are just predictions, some right and some wrong, but never accurate.

We will not rely on deeper predictions because in reality this is not necessarily what we see in 2025, I also see how the bitcoin cycle after halving has to wait about a few months to the peak of ATH but the cycle in 2021 and 2025 will be different, even if the results do not match the desired expectations then do not be discouraged or feel disappointed.

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
If this scenario happens then actually we have gotten a 2x profit but that is not the desired expectation, if you are not satisfied with the price of bitcoin not touching $100K then it is better to HODL one of the best ways.
sr. member
Activity: 2828
Merit: 344
win lambo...
August 04, 2023, 02:19:59 PM
#32

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Because we never know exactly what will happen next and what we did is predict the most possible thing to happen but guess what, due to the changing behavior of the market, therefore, all the predictions we had are meant to be wrong. And it was not hard to accept the reality because that is really how it looks like. Because if we were able to see the incoming, I don't think it was interesting anymore. That is why, all the things that happen around us, not just in crypto are unpredictable, so if someone will say that Bitcoin will reach $100k this year, that was his prediction, we can have different predictions for sure.
legendary
Activity: 2618
Merit: 1181
August 04, 2023, 12:28:10 PM
#31
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.

Despite the price volatility, I think we will always have people doing analysis and predicting the price of bitcoin. They not only analyze the price up potential, but in fact many people also do the analysis of the price down. You and anyone else can take advantage of market volatility regardless of where the price moves, but of course only if you are able to do analysis instead of blind predictions.

So the conclusion might be like this; predictions cannot always be relied upon for investment, but if they are supported by good analysis, I think we can consider it. The problem is that you have to be responsible for investment decisions because other people's supposed predictions are not the financial advice they are supposed to be.
sr. member
Activity: 658
Merit: 441
August 04, 2023, 12:08:32 PM
#30
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

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
These are predictions and they are not always correct. I remembered watching a crypto channel video earlier this year on Youtube and the crypto guru did say that Bitcoin was going to get to the $40k market price between the middle of this year but it never happened. So I'm always unperturbed and I don't really care about what people say, I'm just hodling and waiting for the bull season. I think the persons that are more worried about the price movement are short term holders who depend on market sentiments to buy and sell.
hero member
Activity: 1078
Merit: 566
August 04, 2023, 10:49:19 AM
#29
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.

I remember when bitcoin touched its ATH in Dec 2017 then there were predictions that bitcoin will touch 100k in 2018 but it went down to 3.5k in Dec 2018.
When bitcoin year back touched 69k, the prediction was 100k coming next but here we are standing at 30k. The point is there is no prediction that has gone right till date about Bitcoin. So it's better stay away from such predictions rather DYOR.
full member
Activity: 1540
Merit: 219
August 04, 2023, 09:27:53 AM
#28
Stupid question if I'm being honest. Relying on a prediction is the most retarded that you can do when you're trading, might as well withdraw that trading funds and bet on horse/dog races out there, you're more likely to win there by just relying on your prediction. Also, prediction doesn't take skill because anyone can do it and most likely your predictios would be biased so by that instance it becomes unreliable, speculation on the other hand, there's some reading on data and mathematics involved combined with prediction.

Relying on predictions will not be a problem for anyone it's just to estimate the price in a given year even free people want to do any prediction to guess the price of bitcoin later.
Yes it will be a problem because it's a literal leap in the unknown. For example, there's a hole that grants wishes but you don't know the chances, you will be throwing money there not knowing whether you will get the wish, it's the same with prediction, you hope that you're right blindly. People don't get their predictions right, no one has ever made it right even if they were close to the number that they've predicted, the only time that I would believe that someone is successful in prediction is when they're able to drop an exact number at the exact time.
copper member
Activity: 2268
Merit: 539
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August 04, 2023, 07:46:19 AM
#27
Who said to completely rely on these datas? Of course these are predictions and analysis done by many calculations and by seeing the performance history of the coin. If you ask me about the predictions then I would say definitely Bitcoins will go big next year. Bitcoins follow a 4 year cycle to achieve it’s new ATH price, hence this will create a hype among all the Bitcoin investors. So definitely we will see something big next year. Meanwhile now when the price is down just accumulate as many Bitcoins as you can.
hero member
Activity: 1862
Merit: 601
The Martian Child
August 04, 2023, 07:39:20 AM
#26
What is your point OP? Are you something new or what? Of course, predictions are only predictions. Should we rely on predictions? Well, it depends on you. We all have our own biases.

And it's time to face the reality? We are already in reality. Would you just buy bitcoin without your own prediction or with the help of someone's prediction that makes you feel confident? It's crazy, this is nothing compared to just playing dice or other games in a casino that are fully dependent on luck. You got to have an educated prediction that supports your investment plan.
hero member
Activity: 1722
Merit: 895
August 04, 2023, 06:51:38 AM
#25
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.

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Predictions will form confidence for someone to be involved in investing even though the level of prediction accuracy may not be completely correct. The prediction is just a reference for us to see and compare previous prices, so there is a little picture of the price for each period.
hero member
Activity: 2604
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August 04, 2023, 06:40:00 AM
#24
They are all just predictions; we shouldn't believe in them because they can be wrong. We also don't know what will happen, so we better wait to see how it will turn out. But Bitcoin price will exceed $60k in the next bull run, whether it's in the middle or end of 2024 or even in 2025.

So don't get your hopes up with other people's predictions and stay focused on accumulating more Bitcoins from now on. We want to get big profits again from investing in Bitcoin so we don't have to care about other people's predictions. We just need to know about it and keep buying Bitcoin.

That is enough for us so that we will not be distracted by the many predictions of other people. We'll see who's prediction will be close to the real price and it's better if we already have a selling price target in the next bull run.
legendary
Activity: 1624
Merit: 2594
Top Crypto Casino
August 04, 2023, 06:10:03 AM
#23
No, you shouldn't rely solely on predictions. We all know how unpredictable things can get in the crypto world! However, you can still make use of such predictions, especially when they come from reliable sources, to get a general impression of the market's trends and potential directions. Personally, I enjoy reading these predictions at times. They often contain bits of information that I wouldn't have known otherwise, and that can assist me in making better decisions. Of course, it all comes down to the information available to you, and as always, you should do your own research to make informed choices.
hero member
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August 04, 2023, 05:28:11 AM
#22
-snip-
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Good. It is a fact that we cannot rely on predictions that are uncertain. With the emergence of various predictions from analysts about the lowest and highest prices that will occur in bitcoin, this will be material for us to consider and not to make a decision.
You probably know very well that investing in good bitcoins is long term in the hope of expecting big returns.
The calculation of bitcoin prices based on history can be called certain, when today the price of bitcoin is below, one or two years the price can be above.
hero member
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August 04, 2023, 05:27:04 AM
#21
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.
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