Topic: Should we rely on prediction? - page 6. (Read 1893 times)

Arbitrage opportunities cant really be seen that commonly or often on which playing out with those margins or gaps is really indeed possible but how you would really be able to do so
if confirmation times and even with that withdrawal time is really having the delay in between exchangers? You would really be finding yourself get caught in the middle and this is something a situation
which it does not give out that good feeling but rather  frustrations and disappointment which is really that common. Relying on prediction? As if we do have a choice? We are dealing with an unpredictable market which it is really just that normal that we would really be having that kind of reaction which it would really be that impulsive and since prices are not known then we continue to make out those assumptions basing up on the analysis that we had made out earlier. It is really just that there are people who are really that impulsive and being too emotional with their current positions which it would really be resulting into those mistakes and errors.

That's right, there's nothing wrong with listening to some advice coming from other people, they might have gone through a lot in investing especially the causes of their losses and I'm saying that they care enough about you to share all their experiences along with the advice, there's nothing else but the person just wants you to be better and not do the things they did before that can make you lose. So embrace it, it's worth it and it's not hard, I agree with the saying "take the positives and discard the negatives". You can learn or get references from anywhere including from some people who come to give advice, so I think that can be very beneficial to you because obviously it can be taken into consideration, take the positives that you think are suitable for you to apply to your trading.

Well that's right I agree with you, okay you might get advice from other people but that doesn't mean you have to completely follow the way they give it, as we've discussed this is first consider whatever comes, take the positives and use it. Because if you follow all their advice it doesn't mean 100% you can profit, sometimes even the opposite because in investing absolutely no one can predict the market perfectly. And of course if you end up losing then you'll blame them, that's for sure. I'm honestly not saying they're stupid but maybe careless. So that's it, the rest I totally agree with you.

That is why I don't believe someone who says that his/her prediction is working because the truth is that - is NEVER.
We can continue doing it (predictions) but not to the extent that we have to rely on it, we'd rather rely on what it should be on the market chart and make an analysis from that. The volatility of the market makes things hard for us to say what will happen next but guess what, We are still happy making predictions despite the fact that at the end of the day, we are all wrong. Indeed, the market these days seems not favorable to us.

With market volatility, BTC prices fluctuate wildly every second, every hour, every day. Each Market Data Entry is structured with a bid, offer or trade. Currency pair in use. There is room to play some arbitrage buying and selling on different exchange markets, but the real issue is transaction speed and keeping your dollars to all your accounts.

Yes. It may be true that according to your prediction BTC will head to $30K before reaching $68k.

And you believe that it won't get to that $68k anytime soon?
Things fell apart doesn't mean it must be in 2024 that it might get to that amount or even close. Some believe that with the positive predictions seen online, that it will surpass the current price from next year and I know for sure that Bitcoin price will have to delay for a while like the whole of this month (going up and back down) from what I'm seeing and hopefully it will start increasing again, as for now $30k is the target.

Indeed, there is nothing wrong if you choose the top altcoin, they can be convinced by some of the research they have done, but I have realized that investing in altcoin will be more risky than Bitcoin, even the top altcoin is still very likely to fall. or go bankrupt like several other altcoins have experienced.

I don't want to go all in on altcoins and now don't really believe in them unless I used to.

Yes bitcoin is much better now but to diversify on other altcoins I feel it is not necessary, this is for my own assumptions and at this time, I will consider diversifying on other assets besides crypto.

Say property or other assets.

There is nothing wrong in investing in altcoins as long as you are choosing the best ones and you have done your research before doing that so that you are not investing in altcoins that have no potential at all and your investment will simply get stuck if they take a dip and don't go up again after that. Choosing altcoins within the top 5 or maybe 10 cryptocurrencies listed on sites like Coinmarketcap should give you good profits once the market enters the bull run.

Bitcoin is obviously the best cryptocurrency for investments out there without a doubt, but having some diversification in your portfolio can go a long way because there are some altcoins that might have a better growth percentage than Bitcoin during the bull run and if you have them in your portfolio, you will get some profit as well.

There is nothing wrong with appreciating and listening to other people's advice, because whatever that advice is, we ourselves determine and evaluate that advice.
And we can also consider suggestions after we have done our own research and analysis to determine what to do because this is a matter of money that we are risking to invest, so we have to be very careful. And never invest because of other people's advice without having sufficient understanding and knowledge in it. Because if the advice is wrong and you experience a loss, it is not the person's fault. But because you are too stupid with the investments you make.
So invest with adequate knowledge and understanding, and learn what is necessary including accurate information to help you in making choices and people's suggestions are only for consideration and still do your own research and analysis to determine the final result.

That's true and the way and manner they (investors) take the bull come next year is like a hope that's never to come (to me) in the future.
I'd say let's deal with this current dip because it's becoming serious in the sense that it doesn't want to leave that price which is $25k and I was thinking it would (Bitcoin price) move up like to $26k at least let there be hope that the price isn't going to be stagnant till the end of this month and we don't know if it will fall back to $24k (which I haven't seen in a while) or back up to $26-27k, that's to show that it might get close to $30k by the end of the month but no, is still waiting at $25k, is kind of disturbing.

Actually, there's no harm in listening to advice when you want to invest in something as long as the advice is logical enough to understand. But everyone also needs their own stance after listening to advice from other people because basically advice from other people is not the main thing that must be relied on by someone who wants to invest with the results of their own research.

A person who experiences losing money after listening to advice from others is a person who does not have a stand in his own decisions so he will always be more easily trapped by others through soft advice. He should have done his own research before listening to advice from other people or when he has listened to advice from other people about investment, because whatever advice said by other people is only an additional option after someone has the first option from the results he has researched himself.

If you want to make a profit by investing you have to invest in some good coins but you have to take risk before investing. Some times experienced investors lose their money after investing due to some small mistakes. We always have to be careful and invest. For investing I  Always support Bitcoin. Because the chance of losing money after investing in Bitcoin is very less so I think it is safe to invest in Bitcoin. There are some people who risk their money without investing in Bitcoin.

If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.

Prediction is always prediction, and we make predictions about things we are not sure of, but we hope they will be like that because that is what we think will help us. However, investors always make this prediction because their funds are already there, so they do it with the hope of getting the amount they’re saying. In my opinion, even they are not sure of what they are saying, but they hope for the price to get there.

However, if we rely on this prediction, people will definitely not invest what they can afford to lose because they will always be thinking of getting huge returns from their investments, which is not like that in the bitcoin market, where you may have invested some money that you know will give you problems in the hope of getting them back with profits. The funny part will be when you see your money declining instead of going higher, but as an investor who knows what he or she is doing, you won’t mind because you only invested what you could afford to lose. That is why bitcoin investment is not for everyone; only a few can do it, in my opinion.

Predictions may sometimes be correct and sometimes may not be. Shouldn't invest depending on it. But we know that Bitcoin investors are encouraged to invest from predictions and at any time the price may rise or fall according to that prediction. Prediction can be done in positive and negative way.
However, this must be considered after a reliable and rational observation of various factors. Someone think Bitcoin price may down at 25k and others prediction at 50k, some are predicting Bitcoin price increase in 2024 and some are dreaming of 2026. When an investor invests he should consider both aspects and come to a decision. No prediction should never be taken as reliable.

I would say that buying long term shouldn't really matter on prediction and that is what people should do. If you are buying because of an expert then you are going to end up not being happy about the outcome and that is a tough one. I understand that some people may end up with a result that is not going to be good at all, and some people may prefer to have some sort of situation where it is not going to be profitable, but that doesn't mean that they are going to end up with a terrible result.

I think relying on the experts is the worst case, just buy it whenever you feel like it is the right time to buy, and if you are wrong and it goes down then you could hold it a little longer and sell it later on when it goes back up.

The market has a way of playing tricks on investor and traders but they hardly find it to be true, is just that they love the way the system is.
They can see the price of Bitcoin collapsing and they still have hope that in the next 2 days if I should say, that it will rise to the highest peak. And some crazy predictions has its parts to play and is some how confusing many or leading them wrong.
I can't really tell on my own if prediction has favoured many investors or traders in a long run, like they use each form of prediction to get something much profitable, like do they gain than loss?

Prediction long term is probably alot safer then the short term ironically, despite the near term being within immediate sight it can also be more erratic and harder to predict in its direction.
  I first of all just try to define the boundaries then we should observe strength within that area and finally decide if we can break out positively upwards or break down to a new low for recent action.  Define price action in that way and you start to build a picture but the most reliable time frames are much greater then a day or week for BTC.  
   Easiest prediction, we will repeat mostly because volume builds strength and repeating an area builds that volume.

Recent range 4hr bars I'm looking at but not expecting any special conclusion before next week.  My main take was our relation to 50 day average which is as high as 28k and not within our apparent range.   Not exactly prediction but my general take is above a weekly average we are positive acting, the blue line here roughly; below that measure we could view BTC as not acting with strength.

We don't have to rely on others prediction but we can make use of their prediction for our benefits. We can compare their prediction to ours that we have interpreted ourselves and if we have the same results then we can compare it to more prediction to help strength our believe that our prediction are on the right track. There's no harm in looking at other perspective on the  issues if Bitcoin price movement as others mighyhavw more experience than you.

Relying on others prediction can lead you to losses because you aren't sure if they predicted the market correctly and that's why we should only rely on the analysis we make ourselves. If you don't know how to analyze the market then you have to learn before you start trading.

Sir, no one here can think that the prediction he is making will be 100 percent perfect. Despite their looking for possibilities, if Bitcoin moves like this, everyone says that it will happen, but no one is saying that it will perfectly happen. The cryptocurrency market is unpredictable due to its volatile sentiment, but for now, no one can predict it perfectly. Just relying on other predictions is not a guarantee of profit. Just do your own research and analysis in your own mind, because no one is responsible for your loss or profit. Nobody seems to be saying that I could make you a profit. Everyone gives you the disclaimer that I only look for possibilities; trade or investment are yours. I am not responsible for that. At last, I conclude that only relying on one prediction is not fearful; put all the analysis, prediction, and research in front of us, take a decision with your own hands, and wait for the final result. Practice makes perfect.

Yes man, you have said almost what I wanted to say so far, but I should add little to what you have said already.

Like some people use, lucky charm for gambling and it works for them sometimes, but I don't think lucky charm can work in Bitcoin price, speculations, one of the important steps to take in Bitcoin after buying, hoding then selling at the appropriate time which your mindset agreed, then following your own instincts too helps because sometimes people Price predictions don't work and if you keep on following others prediction, (and you don't have any) if anyone don't have a prediction and the person keeps following others prediction that means the person don't have a good strategy on Bitcoin investments, so what am trying to say is that we should endeavor to predict price and follow our instincts sometimes because we are not sure which one can work as planned for us wether other people predictions or our own predictions.