Topic: Should we rely on prediction? - page 5. (Read 1886 times)

The price of BTC is something that we cannot predict with exactness, I did not know that index well because when I see this type of things that can occur because they are very well allocated, 76% seems to me to be a very high figure, The truth is they don't leave anything to others, I think that the majority of bitcoins are held by large institutions because they are the ones who have been able to buy a lot, I don't have a single one , but that doesn't stop me from enjoying the few satsohisi that I have, I believe that everyone lives Happily in their own way, people who have a lot of BTC don't even value what they have , I believe that the only good vote to make is to have the Bitcoin saved, because when it rises properly things will change.

You're right about Bitcoin not being a get rich quick but desperation can't let many newcomers follow how others are doing in the crypto world, they get the wrong information and they just do it the way it suit them, without considering the fact that they'll lose if they don't get the best lecture on crypto.
Since most of us don't believe or follow what the market price gives but we trust what records are given, don't you think things might turn out to be different by 2026, like the price of Bitcoin might not get to $100 before that mentioned year?
Past event has a way of tricking us if care is not taken, and I'll still say it that we shouldn't give up hope yet on the remaining months of this year because Bitcoin price has a very funny way of surprising us, imagine the price getting very close to $30k, who would have believed that October would give us something more positive than September?

You must develop the ability to wait if you want to succeed at investing in bitcoin. Because despite what many newcomers believed, bitcoin is not a get-rich-quick scheme.

It's possible that bitcoin may reach $100k by 2026. Since bitcoin skyrocketed above $69k during the previous bull run, I don't want to dispute such a speculative belief. The same scenario might occur by 2026, but there will be a new ATH.

I believe that now is the ideal time for someone to amass as much bitcoin as they can, as the next time they see it below $30k could be in the bear market of 2027 or 2028. I'm eagerly anticipating that time. I want to be one of the Bitcoin investors who share their stories on how bitcoin investment changed their lives. 

Everything the industry's experts say still falls short of expectations. This means that each individual in the crypto space can still make a forecast. Which is where we are if we believe a prediction expert's prognosis?

We are not fate tellers in the crypto sector; what are you basing your choice to take a position on in the cryptocurrency industry? None of us here can guarantee that our forecast will come true. Because it's a prediction, it hasn't yet occurred; we're like Nostradamus. But he did exactly what he claimed.

I do really much prefer on seeing conservative approach when it comes to price predictions rather than on seeing easy $200-500k or even $1M predictions which i would really be saying that it would really be that delusional.
Seeing those numbers above then it is really that something that considerable but totally not that too high but rather be low considering we are talking 2030 year on which we know that we can assume on having that 1 more halving period which 69k ATH would really be just that too low when it comes to that time period but well there's no way on knowing on what would the future looks like. This is why when it comes to Bitcoin investment or whatever crypto you are holding into then it would really be that always ideal on investing on the amount on which you can afford to lose so that on whatever things that do happen in the market on the future
then you wont really be that worrying that much as long you havent invested your emergency or life savings funds then you should really just that fine.

Always stick with your own analysis and never ever making yourself that listening with those FOMO like kind of price approach on which it would really be giving out
that kind of boost up into yourself but making you impulsive is really that likely but of course we do have our own choices and decisions towards investment.

The predictions can go in the right direction if many agree, but this is quite clear when the majority of people who are in bitcoin can say that things are like this, the whales, the institutions all agree on something, but the opposite can happen because Things can be much better when the Stock is in an upward trend, but the technical analyzes may indicate that it has not yet Reached the next level, and I consider that with the latest ATH there is Still a long way to go before it happens , I think it will reach $40 k is a very Acceptable Figure, and it can Happen because once you step on this $30k as I had predicted, it can easily reach 40 Thousand USD.

It depends on what your prediction is based on. If your prediction is based on knowledge, facts and historical data then it can be reliable. Still there is no assurance that it will be totally correct as an unexpected scenario can occur and your facts can be invalid in that certain scenario. So you can rely on prediction at the same time, it will be wise for you to prepare for any unexpected circumstances.

Even a recovery to 30 or 40k is good enough to justify interest.  People like the much higher targets but its very hard to predict as those highest prices arent often sustained for long periods of time.   Ideally whatever the next peak we also raise the lowest price possible like this last cycle has seen a pullback but over years we can still mark an advancement in even the lowest prices being much higher 5 figures then the wavering back into 4 figures we had for years.

It seems that everyone is aware that these are just predictions. Believing in them is, of course, a personal decision. However, never make a decision solely because it's a prediction from a renowned or competent analyst, even though they might be right. Your own analysis, one that is realistic and based on your intuition, is often better than copying someone else's analysis.

Does this mean we should disregard analyses done by others? Certainly not. We can consider them by independently fact-checking what supports these analyses. We all have ample time to meticulously examine every aspect influencing Bitcoin's price. In reality, you are the custodian of your money, and you are responsible for all the decisions you make.

There's no other definition that will better suit prediction other than it meaning "someone's take or what someone thinks will happen". So if there are some people saying that the price of Bitcoin will be $28k or 30k by the end of the month of October, it's only their take and it's only a probability. It may or may not happen. But with the current price of Bitcoin teasing $30k at $29,603.79 as at time of writing, one will say it's a possibility that if prices continues to go up like this, we should be seeing price reaching $35-40k before the end of the year. Some traders tend to rely on these predictions and while it favors some, it won't be for some that's why most times it's not safe to depend on predictions alone.

From what I saw on that image above is just too messy for me and I can't imagine the price of Bitcoin getting to that amount I mean $21k this year, it should be higher like $28k.
The author really did his best not to make it look too hopeful unlike some who say something more positive like "price of Bitcoin will rise to $40k before the end of this month of September" and it will trigger the hope of some members of this Forum to start jumping for glory, but is not suppose to be so. Those dropping these predictions should always use "it may" or "I wish" whenever they're dropping an article or a quote concerning BTC price, that would help a little.



Come on, if you have a way of breaking it down for us why not tell us what "prediction" means in a low man knowledge, and don't keep some of us in the dark. I don't have a dictionary so tell us so that some of us who doesn't know would learn and stop depending on predictions when it has to do with Bitcoin trading, you know.

And when prices rise, people tend to reconsider the idea of buying small amounts of Bitcoin, something they may have considered in the past. Yes. Here we need in-depth knowledge of how cryptocurrencies are priced and sold among institutional investors as rates are updated every 60 seconds and wherever possible use currency market news, exchange trends, political events, analysis of common currency pairs and much more to profit from currencies. Money. buy and sell.

The growth and development in the use of cryptocurrencies such as Bitcoin will become a reference for many investors to continue investing in Bitcoin and will also create an attraction for several large institutions to use Bitcoin as their investment asset. And in the future, the goodness of Bitcoin as an investment asset will become increasingly visible in the eyes of many people if every investor can experience profits through Bitcoin investment.

There are predictions after many indications that we believe in analyzing for the future, so I think predictions will always be used in trading.
And regarding the prediction of 100 thousand dollars in the next halving, it has become very popular and many experts have even said so, and as for the exact time this will happen, it goes back to our respective predictions, and what is certain is that many people believe that this will happen. .
And what you need to remember is that predictions are not always correct.

It sounds very strange if we rely on other people's predictions in trading. I think that even though we don't have adequate trading knowledge, when it comes to making important decisions in life, such as investing, which determines profits or losses, we certainly have to make our own choices.
And what you need to know is that predictions are part of any process in terms of estimating what will happen in the future with all the knowledge or input that we have so that we have a conclusion which is called a prediction, so of course we each have different versions.

Bitcoin is a good currency to invest in one of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. The value of bitcoin investment can go up and down because the crypto market is not stable. In addition financial institutions are turning to bitcoin as a low-risk asset to invest in. As technology and financial systems change the use of cryptocurrencies will continue to grow and evolve.

I think predictions guide us through years that we keep trading Bitcoin. In the end we all wanna increase amount of Bitcoin we got. So I always check predictions. Even though I rely on them sometimes (for example I sold some of my Bitcoin lately because of expected bad performance in September) I always rebuy at various price ranges. Many people predicting Bitcoin going around 100k dollars next halving - I think its the most reliable prediction.

I'm with you on this, prediction in trading is not entirely bad but one must first ascertain the credibility and trustworthiness of the prediction they are going for. Another thing about prediction is that it's better for traders to know how to trade as well, this has helped me a lot. What I do is to ensure that I confirm the prediction I received in relation to my personal analysis. This helped me a lot before I got to this present state of not using external advice to trade anymore.

But for the new traders, as they learn, they can earn through predictions too, and they should also know that there is no perfect prediction or trading analysis. So, they should get prepared for the flaws instead of blaming the prediction received entirely. There is a need for traders to manage their money and risk and have viable plans that will not ruin their accounts because of a few wrong predictions.

There is nothing wrong with relying on predictions in investing, but it would be better if we understand well the type of investment we are going to undertake so that if we look at the predictions we can still compare them with what we already know and if we make a decision to buy or sell not completely with other people's predictions because it will be more painful if we rely on predictions and we experience losses, of course we don't want this to happen. I think we need to make the right decision to buy it or sell it so that we can make a profit and if we choose to buy and hold it for a long time then it would be better not to sell it if we haven't reached the target we have set.

This predictions I am seeing in the above screenshot which I took from the website op shared in his post; I would say is the author of that article trying as much as he can to be very conservative, that is; he tried as much as possible not to exaggerate which I think is a good thing, since he doesn't want to take the hope of his readers too high like several other authors I read and watch on YouTube do.

Anyways, predictions just as it's called, will ever remain prediction, who ever will believe completely what is predicted then does not know what the word "prediction" means or stands for , I will advice such person to find out what prediction mean in the dictionary.

You think people don't still see it as a means to get something positive at this point in time?
Is best to let the market behavior lead because as an investor and you think that prediction has a way of turning things around now that the price is not even favorable then you're in for doom, let the market price decide for us and is left for us to either hold or sell, that's where I believe investors have a choice.