Topic: Should we rely on prediction? - page 4. (Read 1893 times)

Technical analysis works quite fine but we the traders are the ones who make mistakes and put the blame on the system, the whole thing about the market is that is a speculative one, if it goes in your direction you win, if it goes against you, it is a loss. Just that some traders over time have studied the market behavior and predicted the market based on what they saw it do before, like using Chart patterns,  that is why it seems that some traders are better with their speculations than others.

Doesn't matter how much analysis we do, it will never be completely accurate, but if we can roughly make an informed prediction considering Bitcoin's history and current state, it can be quite effective. Everything is uncertain in a trading platform but it works again according to the prediction. When the price of Bitcoin was low, many speculated on the possibility that the price of Bitcoin could rise significantly. Finally the prediction came true. We now predict that Bitcoin price will cross the $100000 in the coming days according to the current conditions but now almost everyone believes it. People  investing in trading platforms because they have predictions. Every investor invests based on some prediction. So it is the most important part in trading platform.

Of course, you should still study before you believe a trader's prediction. So I just want to ask you, Op, is it easy to believe in the predictions of others? Because if we don't know what others are saying first, for sure we will also be affected by what we did to rally here.

So do your own research that we often read here in what most community members say here in our forum. So study first and don't rush just because of the desire to get a profit.

Prediction attract attention and at the same time it some how mislead some investors or traders, it makes some to take decision that's not suppose to be at the moment, even make some to be desperate which sometimes causes loss of funds.
Predictions are one of those things we shouldn't consider as a helping hand (to me), is best to let what comes from the market, to make us decide other than waiting or using prediction that's not sure to make a decision on our funds, I can't advise on prediction.
All these bloggers or YouTubers are only trying to make their names known gain popularity and they don't care if you lose, is just all about them, dropping predictions that doesn't relate with what the market is bringing is just not ok to always use prediction.

Predictions are needed to increase market demand or generate market sentiment, just imagine without predictions it would be impossible for Bitcoin to attract the attention of many people, and usually, those who make these predictions are influential people, there are many cryptocurrencies that have never been looked at by predictors, and look at what happens to their assets, of course there is no price, right? So just make the predictions that appear on the market are just a popularity boost, but remember, never underestimate a Bitcoin prediction, usually, it will become a reality.

Technical analysis is generally beneficial, but only if the market is under normal conditions. Different changes can happen in the world every day. Bitcoin is affected by changes in the world. With these changes, Bitcoin's price increase slows down, stops or decreases. Since we cannot predict the changes that will occur in the world, predictions are often not accurate.

Predictions may be beneficial to some people in terms of giving them an idea, but we should not listen to every forecaster. We must make our own analysis, being aware of the risks in the market.

A lot of predictions have been made about Bitcoin this year, and people are very optimistic about these predictions. And I think that the predictions that have been made in the past have been correct, so we can assume that the predictions that investors are making today will be correct. Bitcoin peak ATH above $69k, we saw this event in 2021 and the Bitcoin market reached its highest level in history. Accordingly, we can expect to see the Bitcoin market hit $100,000 in the next bull season and reach this level in 2025. I think the predictions we are seeing will definitely see the Bitcoin price increase the most in 2025. As the Bitcoin halving will happen in 2024, the Bitcoin market will reach its peak and the Bitcoin market will make new history.

               - again this is the healthiest way to get into crypto investing  though speculation and prediction are covering this
 forum and the whole crypto market yet we must not forget that this is our money , and we are the one that must protected this.

                 - We all wanted the price to grow as high as million dollar but accept it that only few are investing in this dip and mostly
are waiting to when to enter again as they have already pull out their money .

                 - sometimes it turns out with luck mate that they have predicted the right market movement
(of course it is with their knowledge) but having those given predictions? mostly contradict from one another? we are lucky to find the correct one  to earn and profit

Speculative market - Speculative approach
Unpredictable market - Unpredictable approach
Random market - Random approach

For those people who do make out claims that they are really that making those good trading results or outcome then they are just simply lying. If you are really that making money
then you would really be just simply sit still and be silent on whatever you've been doing and not try to hook up people to follow up your trading analysis or whatever it would be.
We all does have the capability or really have that ability on making our own personal approach and speculations towards prices without needing for you to follow up someone
because everything could really be just that totally speculative.

Also, it wont really be able to give that regretable feeling in case you have lost a certain trade which you do know that it is your own analysis and not on others.
The worst feeling that you could really be able to feel up on the time you would really be relying on others.

Predicting the price of Bitcoin can never be the way the market gives us and letting others use it (prediction) is a 50/50 thing, it may be right or wrong but some traders just feel prediction is something they need to make their trading much profitable.
In some cases it can be in their favor but I assure you that traders who don't have their own trading strategy that only rely on prediction lose more than they gain and it discourages alot of them, I don't know why they can't use their instinct rather than mere prediction?

Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.

The market is very speculative, so its not surprising anymore that what we have are just only predictions since we can't get ahead of the market and view its future. However, predictions if filtered and studied very well, then we can use it as our future basis in the market. There's no wrong if you rely in some predictions when you trade or invest in the market as long as you do your own research as well how did that certain prediction comes up. And when you see that there are high possible chances that it will come into reality, then try to consider it but never focus on a single prediction only but be open-minded always especially that the market is beyond of our control.

We can really be able to draw up those speculations basing up on the past events or simply with the history and even if we do say that there's no assurance that things would happen the same in the future which it cant really be avoided that people would really be always loving on to peek back on what actually happens on which patterns could really be that drawn and this is something that we do really tend to look upon or making it as a reference and will really be applied into our current analysis and understanding towards the market.

Relying on prediction? Even if we do say that its not something should be done but there would really be people who would really be loving on following someone when it comes into their investment or trading decisions.
Its not really something new. This market is unpredictable and totally random on which there's no way that we could really be able to determine on where it would really be going but due to those
past events and happenings or simply with those stats then we could really make out some assumption out there. It might not be precise but it is really just that much better
comparing making out some positions without having any basis or just simply that totally basing with some intuition on which its not really that recommended.

If we always use past events to say something is going to happen and we conclude that is going to come to pass in the nearest future and it doesn't, don't you think that is just a mistake to always rely on historical events?
Is suppose to be said that it might happen, that's to let those who are reading it to know is not 100% certain. But some of these guys dropping predictions will make it look like is not going to fail, and some traders do fall for these predictions, it also make them lose more money then they can imagine, because of false predictions.

While bitcoin can be more speculative because of high volatility, but it can also be likely ascertain for those who have well understood the nature of bitcoin and how it moves in the market. Although we can't actually tell the fixed future price or value, but if we are exposed more to the market history and market movements of bitcoin, then we can still end up with a certain price that has higher probability to turn into reality.

However, its not actually wrong to listen into different predictions but we should learn to assess them one by one. For sure, at the end of the day we will come up with a prediction that creates highest probability that will take place in the future. But to be safe, never put all your high hopes in just a single prediction.

Prediction can not be someone's only guess. An expert predicts something based on facts and events that are happening right now and that are upcoming in the future. Most of the time it becomes true that everyone was expecting Blackrocks ETF approval to have a heavy impact on the market and the market can rally based on that. But any unexpected change of events can prove your prediction totally wrong.

Prediction does not mean that the spoken words will always be correct but it means that we can make certain decisions based on prediction as prediction are just assumptions which can be true for sometimes but not always because market situations can change anytime based on news and demands.
We can just take help from prediction but we should not be completely dependent on prediction as it can be sometimes harmful for us. People are providing signals based on prediction and these signals work accurately as experts have made research on it and then gather whole information. Prediction can be a cause for avoiding loss because due to prediction one can assume the upcoming dip or up but if we take every step according to prediction then it will also be not a good idea.

a prediction is just a prediction, it's just someone's conclusion based on the analysis they conducted or their guesses. because it is uncertain, meaning we cannot rely on something that is uncertain, especially for the bitcoin market which can change at any time. but predictions can be a reference for us to be able to manage our investments and what our steps will be in the future to be able to make a profit. and it is sometimes quite good to be able to refer to these predictions because sometimes what is said comes true.

Before deciding to use a prediction that we get, we need to know whether the prediction has a clear basis or not and if the prediction has a clear basis then we should not use that prediction because everyone who makes predictions does not necessarily mean they use what has been said. they make in making their investments. If you really prepare yourself to be able to face the unexpected, it will be better than using a prediction that is not necessarily true.