Should we rely on prediction? - page 7.

Captain Corporate

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Quote from: Sexylizzy2813 on September 06, 2023, 01:30:43 PM

I'm still bothered about how people emphasize on the this upcoming bull for next year when we haven't seen anything possible or tempting to say that next year would be different or better than this year, let's see how this year would end.

Well there is nothing guaranteed about this of course. However, if we are talking about the cycles, so far every single time we had a halving, afterwards we ended up going better and doing higher prices. I think its obvious that we are not going to end up with anything shocking, but that doesn't mean that we are not going to end up with a situation that would be any different. That is just a "feeling", but obviously based on everything that has happened so far. It may look like we have no proof, but the proof people rely on is the fact that it has happened after every time, so its not really that difficult. I think it should be important to just think that same thing may happen.

Sexylizzy2813

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Quote from: Ruttoshi on August 30, 2023, 02:24:19 PM

It is base on bitcoin historical movement that has made so many people to have their speculations on bitcoin price. The fact remains this,the price of bitcoin cannot be predicted accurately,but it can be speculated on,since there are previous circles that the movement followed the same pattern.

Quite agree with you...the way prices of Bitcoin has been moving in the past some people use same pattern to predict and also make some investors to use same style to trade especially those ones who don't have a specific strategy (like the newbies).
Is just like gambling (Bitcoin price) you can never get it right or should I say get it 100% correct.

Quote

Instead of trying to predict the price,it is better that you work with a price target,in case you want to sell and make profit because no one can tell what the price of bitcoin will be next. This is the proper time to accumulate only and think less of the price movement. Prepare yourself towards the upcoming bull run next year.

I'm still bothered about how people emphasize on the this upcoming bull for next year when we haven't seen anything possible or tempting to say that next year would be different or better than this year, let's see how this year would end.

lixer

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Quote from: Maslate on August 28, 2023, 09:45:36 PM

That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.

Consider that the market is capable of alternating between bear and bull phases, each with distinct durations. Thus, confining predictions to specific timeframes might prove misguided, as the timing of various market conditions remains uncertain.

The ongoing situation illustrates this—while we might classify the market as currently bearish, can we confidently assert that it will shift to a bullish state in the coming year? The answer is unknown. Consequently, the wisest approach might involve venturing into the realm of personal predictions and hoping for success. The simplest strategy often boils down to purchasing at lower prices and adopting a 'buy and hold' approach.

Well, that's pretty accurate. It is almost impossible for anyone to time the market perfectly, no matter how much of an expert a person is, they can always be wrong about a certain prediction they might make or have made about the market since the market is extremely volatile and is totally unpredictable. This is the basic reason why it is not really easy to earn profits in the cryptocurrency market which a lot of newbies think is as easy as drinking water.

However, those who study the market very closely and gain a lot of knowledge and information and also have enough experience manage to at least make a close estimate and make their trades based on that. If one thinks they can't do that, the simple approach of buying low and selling high is best for them as you suggested.

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Quote from: Ruttoshi on August 30, 2023, 02:24:19 PM

It is base on bitcoin historical movement that has made so many people to have their speculations on bitcoin price. The fact remains this,the price of bitcoin cannot be predicted accurately,but it can be speculated on,since there are previous circles that the movement followed the same pattern.

Instead of trying to predict the price,it is better that you work with a price target,in case you want to sell and make profit because no one can tell what the price of bitcoin will be next. This is the proper time to accumulate only and think less of the price movement. Prepare yourself towards the upcoming bull run next year.

as no one can give an accurate prediction, you are left to speculate on your own and follow your instincts. if you will invest on this market, you need to evaluate your financial capability first. because such predictions may not ever happen at all. this is why, you need to make your best guess if you will put money into this.

Hamphser

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Quote from: lixer on August 29, 2023, 01:26:30 PM

Quote from: fuguebtc on August 26, 2023, 01:57:15 AM

Once invested there is always risk and return, and bitcoin cannot be called a low risk investment while its return is very high. The higher the profit, the higher the risk whether it is short term or long term, we should not forget this.

In my opinion, we don't need anyone's advice because not all experts know about bitcoin. It is important to take the time to learn everything about bitcoin before making a decision to invest in bitcoin. Absolutely do not invest in what you do not know about it and do not invest on the advice of others. Bitcoin is not like other traditional investments, it can be very profitable but the risk is also great so it is necessary to be more cautious when making decisions.

It is the basic rule of investments that you should understand that no investment comes without risk, whether you are investing in cryptocurrencies or anything at all. The very first thing you should do before making an investment is evaluate the risks it carries and compare that with the profit that you might get out of it. That is the only way you can actually be a good investor because you won't just waste your money on any investment.

If we talk about investing in cryptocurrencies, Bitcoin is considered to be the safest investment option but that doesn't mean that it doesn't carry any risk. However, investing in altcoins carries higher risks since they have the possibility of crashing severely which is not what Bitcoin can go through.

Everything that gives out that kind of chance or opportunity for you to earn profit would really be having that in default corresponding risks on which you could really able to experienced out on losing money instead of

earning and this is something that typical or really that standard and since we are dealing with a speculative market then it would really be just normal that we do have that speculative approach.It is really just that it do really have that different approach on different set of people or traders on which it would really be basing up according into their knowledge and experience. If you are really that someone who is really that a fan on following someones predictions then i would say that it wont really be that much of a difference if you do follow with your own.

Also, on the time that you do see yourself having those kind of losses along the way then its not something that would really be regrettable if we do speak about those conditions since
we are really making use of our own instead of others on which it wont really be giving out that kind of feeling or emotion which we do know that it do really sucks on having those.

Ruttoshi

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It is base on bitcoin historical movement that has made so many people to have their speculations on bitcoin price. The fact remains this,the price of bitcoin cannot be predicted accurately,but it can be speculated on,since there are previous circles that the movement followed the same pattern.

Instead of trying to predict the price,it is better that you work with a price target,in case you want to sell and make profit because no one can tell what the price of bitcoin will be next. This is the proper time to accumulate only and think less of the price movement. Prepare yourself towards the upcoming bull run next year.

lixer

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Quote from: fuguebtc on August 26, 2023, 01:57:15 AM

Once invested there is always risk and return, and bitcoin cannot be called a low risk investment while its return is very high. The higher the profit, the higher the risk whether it is short term or long term, we should not forget this.

In my opinion, we don't need anyone's advice because not all experts know about bitcoin. It is important to take the time to learn everything about bitcoin before making a decision to invest in bitcoin. Absolutely do not invest in what you do not know about it and do not invest on the advice of others. Bitcoin is not like other traditional investments, it can be very profitable but the risk is also great so it is necessary to be more cautious when making decisions.

It is the basic rule of investments that you should understand that no investment comes without risk, whether you are investing in cryptocurrencies or anything at all. The very first thing you should do before making an investment is evaluate the risks it carries and compare that with the profit that you might get out of it. That is the only way you can actually be a good investor because you won't just waste your money on any investment.

If we talk about investing in cryptocurrencies, Bitcoin is considered to be the safest investment option but that doesn't mean that it doesn't carry any risk. However, investing in altcoins carries higher risks since they have the possibility of crashing severely which is not what Bitcoin can go through.

GeorgeJohn

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Quote from: Sexylizzy2813 on August 03, 2023, 06:35:15 PM

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.

Their is one thing that is important in bitcoin price, the thing is that in bitcoin price we have to understand that predictions is basically for individuals way of interpreting or making a personal analysis of bitcoin price through the market chart, if you don't want to be depending on a series speculations and predictions I will encourage whosoever that is into bitcoin to devote out time to learn bitcoin graph chart so that you will be dependent or you won't be dependable on any predictions made by anyone as accurate predictions of bitcoin, so by the time you have known the movement of candle sticks of bitcoin and interpret it well you understand the next move of bitcoin without working on so many people analysis and predictions of bitcoin price, its obvious that nobody predicts accurately or exactly the price bitcoin, bitcoin is rotational and the price don't be stagnant.

Sexylizzy2813

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Quote from: Maslate on August 28, 2023, 09:45:36 PM

That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.

That's the point, those who invest do believe so much on those experts predictions and they follow it in making their own decisions.
It works for them but I believe that they have lost 85% of their investment because rely on predictions. I don't believe that what's happening to bitcoin price (the dip) was predicted before it happened, I'm not saying that experts don't get it right at times but we shouldn't pour our eggs in one basket.

gunhell16

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Quote from: salad daging on August 28, 2023, 12:12:22 PM

Quote from: gunhell16 on August 26, 2023, 10:22:17 PM

By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.

That's just their predictions and opinions that say that while we have other views on this theory, I always remember in every bitcoin cycle there is always a spike but will the cycle in 2024 and the next few cycles not change? There have been many predictions below the average price and above the average, we just have to conclude and certainly don't be affected by a weak mentality.

Next year above $100K and $200K that is my ability to predict, saying stronger things I think it is possible for next year to be the next cycle.

Let's see how it will be above the previous ATH again, I think almost most people believe above $100K.

Exactly. Maybe the only exciting thing here is that Bitcoin is about to do something that will surprise most people in the cryptocurrency field. Because that's how Bitcoin always does the ATH, it always surprises, which most people don't expect. Just like when it happened in the year 2017 last month, it suddenly became 20k each more, and in 2021, it suddenly kicked up to 69k, which most people didn't expect, and others even thought that it would continue to 100k$.

So this coming 2024, as I said last month, is for sure. There are many high expectations that Bitcoin will reach 100k$ each, but there is no real certainty yet. According to the majority's claim, it seems like that will actually happen. I just hope it won't be that painful if it doesn't happen as they expected.

uswa56

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Quote from: Balmain on August 28, 2023, 01:41:14 PM

When Bitcoin reached $ 69 thousand and $ 20 thousand in the past seasons, no one could have predicted it, there were only predictions and most of the predictions were not even close, we do not know what will happen in the future, what we say goes beyond just a few predictions. But the facts behind and inside bitcoin show that the demand for it is growing more and more each time, with all the indicators showing this, I think it will make a good leap a year after the halving or early 2025. The points I pay attention to are the cyclical movements in the halvings, the demand in the market, the functional use, the increasing trend from limited money to unlimited money, and bitcoin being a good option. There are many other reasons for the increase.

Predicting only about declines and increases does not mean prediction for the exact price, it is very difficult to do.
Actually, because there are several indicators that make predictions born, that is what is called a prediction, namely estimating what will happen in the future using past data or what has happened in the past.
So here it is clear that we are relying on predictions for the future price of Bitcoin, and back again on the indicators we use for these predictions to be accurate.
And now, from what point of view do we view, the indicators we use to become a reference and several other reasons that strengthen ourselves for the birth of predictions will of course be different, and I would rather be confident in our own predictions than having to trust other people.

Maslate

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That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.

Consider that the market is capable of alternating between bear and bull phases, each with distinct durations. Thus, confining predictions to specific timeframes might prove misguided, as the timing of various market conditions remains uncertain.

The ongoing situation illustrates this—while we might classify the market as currently bearish, can we confidently assert that it will shift to a bullish state in the coming year? The answer is unknown. Consequently, the wisest approach might involve venturing into the realm of personal predictions and hoping for success. The simplest strategy often boils down to purchasing at lower prices and adopting a 'buy and hold' approach.

laurenB7742

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Quote from: salad daging on August 28, 2023, 12:12:22 PM

Quote from: gunhell16 on August 26, 2023, 10:22:17 PM

By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.

That's just their predictions and opinions that say that while we have other views on this theory, I always remember in every bitcoin cycle there is always a spike but will the cycle in 2024 and the next few cycles not change? There have been many predictions below the average price and above the average, we just have to conclude and certainly don't be affected by a weak mentality.

Next year above $100K and $200K that is my ability to predict, saying stronger things I think it is possible for next year to be the next cycle.

Let's see how it will be above the previous ATH again, I think almost most people believe above $100K.

There is nothing to prove that other people's predictions are wrong and ours are correct. You are right, it's all guesswork and it's given by each person's knowledge and vision, once it's called a prediction we shouldn't say who's right and who's wrong until everything happens.

Regarding the prediction for the next bull season, I also believe that bitcoin can break through $100k and hit $200k without much difficulty. But I also won't object to many people's predictions of ATH hitting only $100k for next season. Let's wait and see who will be right.

landheer

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Quote from: Wiwo on August 03, 2023, 07:57:17 PM

Bitcoin future value is unpredictable and the highest spectators could do is to speculate the future price of Bitcoin without any form of accuracy, is normal for investors to be anxious about bitcoin future value since there are events line up in the next coming months/years such as the bitcoin haven and the rest, this events will push bitcoin price to rise significantly but when that price increase (ATH) will be is what is uncertain for all of us.

So the highest we can do right now is t only speculate the possible future price of Bitcoin, and doing so, it means we must beer I mind that there is a high chances that our predictions may not work according to how we except them to be and that is why, holding Bitcoin should be done with a long term mentality to avoid any possible panic action whenever the opposites to our predictions happen I the market.

I agree with you, and we can only speculate about the price of btc for the future whether it will go up or not, and to be honest I personally also invest in btc relying a lot on speculating as a reason because soon there will be btc halving, so be brave to invest in btc, and speculate that in future btc price
has the potential to go up high due to the limited supply of btc supplies.

Balmain

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When Bitcoin reached $ 69 thousand and $ 20 thousand in the past seasons, no one could have predicted it, there were only predictions and most of the predictions were not even close, we do not know what will happen in the future, what we say goes beyond just a few predictions. But the facts behind and inside bitcoin show that the demand for it is growing more and more each time, with all the indicators showing this, I think it will make a good leap a year after the halving or early 2025. The points I pay attention to are the cyclical movements in the halvings, the demand in the market, the functional use, the increasing trend from limited money to unlimited money, and bitcoin being a good option. There are many other reasons for the increase.

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Quote from: gunhell16 on August 26, 2023, 10:22:17 PM

By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.

That's just their predictions and opinions that say that while we have other views on this theory, I always remember in every bitcoin cycle there is always a spike but will the cycle in 2024 and the next few cycles not change? There have been many predictions below the average price and above the average, we just have to conclude and certainly don't be affected by a weak mentality.

Next year above $100K and $200K that is my ability to predict, saying stronger things I think it is possible for next year to be the next cycle.

Let's see how it will be above the previous ATH again, I think almost most people believe above $100K.

AnonBitCoiner

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Quote from: landheer on August 14, 2023, 10:46:13 PM

yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.

People are investigating about the price and then they conclude the prediction but reality is that prediction sometimes become worthless as they are just a spoken words and reality is unpredictable.

We have spent years with cryptocurrency therefore we believe about the future enhancement when we hear good news but future doesn't resembles with past always.
Everyone is in Struggle to buy more and more bitcoin because now the price is affordable so whenever the market become boost up They will see big reward for their investment.

Price will takes longer time for recover back so you can enjoy these events but one cannot enjoy loss because money comes with great efforts and no one can appreciate the market dip.

gunhell16

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By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.

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Quote from: Negotiation on August 25, 2023, 11:14:38 PM

Quote from: Bloodseekers on August 17, 2023, 02:16:55 AM

Quote from: landheer on August 14, 2023, 10:46:13 PM

yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.

By seeing a lot of predictions lately, of course everyone will dare to invest in BTC, but in investing, of course, you will experience profits and losses, so it's a good idea to know a lot of information about BTC before you start investing so that it will minimize the losses you will get in investing. It's true that we have to enjoy investing, if we don't have knowledge in investing, of course this will make us experience losses that we can't avoid.

As with any investment strategy it is important to understand the risks involved before making any decisions. The cryptocurrency market is extremely volatile, and investing can potentially bring both profits and losses. Therefore, investors should always do thorough research and seek professional advice before committing any funds. One must have investment knowledge before investing but predicting the future of bitcoin is very difficult. The market is not stable and always goes up and down but investing in bitcoin is less risky. Long term investment should be held in this currency even if it goes down it will rise again.

Once invested there is always risk and return, and bitcoin cannot be called a low risk investment while its return is very high. The higher the profit, the higher the risk whether it is short term or long term, we should not forget this.

In my opinion, we don't need anyone's advice because not all experts know about bitcoin. It is important to take the time to learn everything about bitcoin before making a decision to invest in bitcoin. Absolutely do not invest in what you do not know about it and do not invest on the advice of others. Bitcoin is not like other traditional investments, it can be very profitable but the risk is also great so it is necessary to be more cautious when making decisions.

Negotiation

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Quote from: Bloodseekers on August 17, 2023, 02:16:55 AM

Quote from: landheer on August 14, 2023, 10:46:13 PM

yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.

By seeing a lot of predictions lately, of course everyone will dare to invest in BTC, but in investing, of course, you will experience profits and losses, so it's a good idea to know a lot of information about BTC before you start investing so that it will minimize the losses you will get in investing. It's true that we have to enjoy investing, if we don't have knowledge in investing, of course this will make us experience losses that we can't avoid.

As with any investment strategy it is important to understand the risks involved before making any decisions. The cryptocurrency market is extremely volatile, and investing can potentially bring both profits and losses. Therefore, investors should always do thorough research and seek professional advice before committing any funds. One must have investment knowledge before investing but predicting the future of bitcoin is very difficult. The market is not stable and always goes up and down but investing in bitcoin is less risky. Long term investment should be held in this currency even if it goes down it will rise again.

Topic: Should we rely on prediction? - page 7. (Read 1827 times)