Topic: Should we rely on prediction? - page 3. (Read 1827 times)

In trading or investing, each person has their own way of making a profit from what they do and there is certainly nothing wrong with relying on predictions, but we have to understand the market conditions so that we don't make a mistake in choosing the predictions used in investing or trading.

Yes, you are right, every speculation and prediction is not financial advice that we can use to make a profit, there are even some people who make predictions and they fail with the predictions they make, so it would be better in investing or trading that we study it well so that we don't making mistakes in determining the decisions we will choose in the investments and trades we carry out.

Yes, I agree with you that all are prediction but sometimes it come through our prediction to see all those prediction we made on a particular price is coming to pass in the community, but that doesn't mean you have the power to control the crypto market price because decentralized currency is different from centralized currency which it can be control by the government and is very easy for people to predict for it. You can see that those that predicted for $40,000 this year is like the prediction will come to pass, because the market price has increased to $37,352, show that before the end of November investors will begin to see some positive changes that will be keeping them happy till massive bullish market appear. Don't rely on prediction but you can rely on your personal research  to know if it's true for bullish market to appear this month of November or not, because those that rely on people prediction always regret when the time come for them to achieve income base on people prediction and the market price still remain the same at the moment.

Predictions and hope can't be the same because predictions is something you feel will happen with a time frame given, like you say an event will occur at this particular time but hope can be any given to time, today, tomorrow or whenever as long as it will happen, is just a matter of patience.
So Bitcoin price has a way of making investors to go back to check past events or history to decide what they should do next and when using just predictions to make a choice it sometimes make them lose more than they gain, to me I prefer hoping on what the market price would bring next and with what I'll see it will make me decide on what to do next, not predicting.

In my experience, if we only rely on predictions/speculation, it is not possible, because if we want to make a profit in any case, we have to really analyze it first, because speculation in any field usually results in just betting on luck.

Relying on predictions isn't a good way of trading or investing either as these are mere speculations without any form of certainty, these predictions may turn out right and true sometimes while the other time it mey be wrong so, these speculations should just give us insights into the vast possibilities in the market at certain period of time, which should help us take informed financial decisions.


But all these speculations and predictions are not financial advise, so don't think by these predictions you know what the future holds with bit coin and so you can possibly project the future and see that as enough information to invest on, the future outcome may turn out in your favour and at the same time may turn out against you such that you may regret your actions, I do advice some persons to avoid been disappointed, if they must invest based on these speculations, then they should invest that which the can comfortably let go if the market turns out against them.

When it comes to speculations then it would really be that always best that you shouldn't really that make yourself that easily believe when there's someone who would really be giving out the trading analysis or whatsover predictions towards the price.There's no way that it could really be that precise and dont easily believe that there would really be those people who do love on making up some claims as if they do really know on where the price would really be going on which it would really be that wise that you should really rather instead make on your own and never ever make yourself that relying into those so called experts.
We can really make it on our own without having those kind of following into those people on which we can also consider that we are really that as good as them. We are all speculators on here so it is really just that right
that you shouldnt really be that relying on them.

There's no such thing about assurance if we do speak about price predictions on which we do know that its never been that known for this market on where it would be going.
Relying into others calls would really be giving out that kind of regret on the time that it do end up on negative or simply that in red. Its better
that you would really be that making on your own rather than on relying on others calls on which i do much prefer on having my own
than on seeing someones.

For me, a prediction is not much different from a hope, it might happen but maybe it won't happen, but wise investors will definitely use predictions as material for consideration, apart from looking at predictions, they will collect other materials to use as additional consideration also.  i'm sure there are many traders out there who provide price predictions using analytical techniques and fundamental techniques, my advice is, never be trivial with predictions, because the percentage is 50:50, we as bitcoin investor must be able to buy stably and consistently, using the DCA method.

Predictions shouldn't be blindly followed... we can only consider them as alternative analyses based on valid reasons. Let's approach predictions wisely, even if they come from trusted sources. The most important thing is not to easily trust others, as the responsibility ultimately lies in our own hands.

It is very firmly stuck at the $35k resistance point, and it looks like it is only a matter of time for it to enter the $35k-$40k level in the next few weeks. IMO, currently the lower support point is at $33,500 which if the price passes this point, we will most likely see Bitcoin go to $30k-$31k again. This is only a prediction and cannot be used as a definite reference. For long-term investors, of course there is no need to think about this, because there is still a big chance for Bitcoin to welcome a bullrun phase.

I agree with you because prediction is just like personal opinion. Market will still do what it wants to do irrespective of our predictions. Although, we must not ignore certain ingredients that are used for the prediction as most times, it turn out true. At the moment, the market is about leaving the accumulation and following market history of pre-halving year, we will begin to see some real bullish moves. This is a prediction base on past records. It will be better to make investment decisions base on this line and expect the market follow through. In a case where it fails, then it has to be accepted that way since no one can control the market.

Therefore, prediction is a guide and made with past experience. Some tools deployed for price prediction have been tested on large data with the probability coming out good. So, even though this is not a guarantee, there is some credibility in prediction.

These might seem basic, but it's surprisingly easy to find people on the internet who believe so much on their predictions or other predictions of Bitcoin. They rely solely on all the past event of Bitcoin and use it to justify their belief. I have heard this word; History always repeats when it comes to Bitcoin. I would love to see the outcome of  some predictions. I wont keep my hope high so much am just observing 😂.

the fact that its called prediction means it have big chance to be wrong, its not forecasting but prediction which also indirectly tells us to be prepared for the opposite outcome therefore relying on it doesn't seem to be a great idea after all we should be having our own analysis.
moreover, these prediction can be used for self fulfilling prophecy like imagine if some big company is saying that bitcoin gonna dumps, it will dumps since everyone also feared that it actually will therefore its self fulfilling prophecy.
in this case doesn't need to be reliant on these prediction, just analyse the market, see whether it fits to be invested or traded, then we will fare well against the market uncertain movements in which in most cases gonna causes lose for those that rely too much on the prediction.

And you'd agree with me that is this same predictions has mislead many people on when to sell or buy, those predicting can use past results or historical events to make traders to make one hell of a mistake to sell while they're suppose to hold. Sometimes it works but I won't go for prediction anytime.
I'd prefer to work on my strategy and equally follow the market price, with that alone you have a chance to avoid much loss, after all there's no business you engage in that you won't encounter any loss.

No one gets advance information about the future. But one can make a negative idea which we call a prediction. This term is used a lot in the general trading world. Although many don't appreciate it, almost everyone in the crypto world relies heavily on predictions. At present the prices of various assets are rising and falling according to predictions. Predictions are also used to get an idea of the future probability of an asset's price in the future. Ignoring predictions is not currently possible to trade. However, predictions are not always accurate. But depending on it we can decide to buy and sell any asset.

Prediction can be used only for investigations of bear or Bull season and it can only guide individuals in order to buy or sell in future but the exact price is not possible to know through prediction. Some people completely work according to prediction as they are dependent on it but in most of situations prediction are thoroughly changed as certain news and events may have special function which alter the market reaction. Price can either give you profit or loss if you depend on prediction therefore to avoid useless prediction you have to concentrate on coin because if you choose coin like Bitcoin then the chances of suffering loss will be minimum.




As the time passes bitcoin become more and more valuable whereas other old or newly arise coins go to the value of zero but bitcoin have solid base and has never its successful place in crypto space. You have to put trust in your selection because if you will find what you think so in order to be able to attain advantage you have to continue your patience until the desired price comes and you take reward as a consequence of it. One cannot say that bitcoin will disappear in future but everyone is saying that bitcoin will be more powerful in future which enhance the courage in crypto users to make investment in Bitcoin.

You have subjective thoughts, I also have a basis for speculation on Bitcoin to come in opinion. Whatever predictions currently exist, everything can be used as a benchmark for events that will occur in the crypto market, especially Bitcoin, which is informed by the various predictions & speculation that we currently see.

In theory, many crypto experts are currently speculating too high on the future price of Bitcoin, but if you look at the current world conditions and also including the global crisis, stock market, crypto market and so on and the current conditions of human life, It seems difficult for Bitcoin to reach the level of $100k, let alone speculation that says it will reach $150k, whether that can be used as a basic basis or whether it is a mess, but for now, I remain committed to my own Speculation & Predictions.

According to Google the price of USDC will be over $2 in some years. This is about as reliable as any BTC price prediction you will see on YouTube or in online news headlines.



The crypto media loves to quote guys like Tim Draper and Tom Lee because they got lucky once or twice before but these so-called gurus have been way off many times. These permanently bullish predictions are an effective way of generating clicks because you’re telling people what they want to hear but they don’t have any basis in reality.

A prediction is only a possibility that it will happen or never happen at all. Everything is still gray as long as a prediction has not been proven true, some are predicted for the future based on experiences that have occurred in the past to the present. When predictions are supported by events that have been experienced in the past, the possibility of them coming true is very large.

I have seen Bitcoin grow more than it has in recent years, now I will put aside predictions and possibilities as it is my belief that the price of Bitcoin will trade at a higher price in the future. Doubt will leave anxiety behind, but confidence will increasingly encourage you to move forward with something you believe will provide great benefits.

Nobody has to do that when he or she doesn't believe in predictions because it has a way of making a decision for you rather than taking your time to decide. Market price is just not what we say it will be and it has to be (as in the price) it comes and goes without us knowing the next price, if it will bump or give us a dip.


I think you should take that back because the price has already hit $35k which has been expected before the end of last month. Bitcoin price is going to start making a very fast movement just like it did in October before hitting $30k, now we can't say is going down but giving us a move to $35-$40k before 3rd week of November, just wait for the surprise and is not a prediction but I'm saying it base on the market price, a new month and a new journey to $40k+.

I believed otherwise though, I mean technical analysis is just a practice and it's not exact, we can't really predict the sentiments of the investors. After all we are all human and their could be changes in some emotions that might affect everything around us. And for investors, it could be positive or negative. And just like any other individuals with or without technical analysis, we can make our own predictions, as it is just a wild and educated guess.

It could help at a certain extend, but nevertheless there could some parameters that the prediction can't take into account, like human emotions and sentiments. So to put into perspective the next prediction, I would say that it's better to be conservative so that we won't expect more in the next bull run. It's good if it can reach like $180k, but let's say a good 6 digit could be a good baseline prediction and then we will move from then on.

You should not rely on any predictions ( not even yours ) but you should take them in consideration as long as those predictions have actually valuable reasons and arguments of that consideration.

For now , my personal prediction of Bitcoin price by the end of the year is ~36k and I don't consider Bitcoin can climb any higher than it currently is this year but once again , this is just my predictions based on the last summer cycle.