Topic: Should we rely on prediction? - page 8. (Read 1893 times)

Nice joke, well, now what is certain in my opinion and view now is that this is the right time to continue to buy and collect BTC on the cheap and it is not a prediction but real work.

This is a 4 year cycle pattern although the chance of a deeper correction could occur any time, what makes us laugh and makes no sense is whether BTC Hodlers will sell their BTC cheap if it corrects below $15K again? that's what really has to be predicted.

We have basically seen a lot of predictions that have specifically discussed Bitcoin. If we observe all those discussions, we must understand that the future of Bitcoin is clear and bright. If we say that Bitcoin will make a new history in 2024 then we definitely get some definition of the future. 2024 when the Bitcoin market will reach its peak we will take it as a new year because Bitcoin is predicted to be around $75K dollars in 2024. However, all the predictions we are currently seeing about Bitcoin are certainly very close to coming true. Although we will see Bitcoin halving in 2024 and the next Bitcoin bull market. And when the market bull market starts, the price of Bitcoin will cross $100,000 in 2025, which many wise people have predicted may come true.

If in the short term it is still difficult to make predictions about Bitcoin prices, then in the long term it does not mean that it will be easier to make predictions in terms of Bitcoin prices. Because we can only say Bitcoin price predictions based on our own beliefs, while for accurate price predictions no one will know. Most people can only say that the price of Bitcoin will be much higher in the future, while on the one hand some people still forget that price drops can also occur at any time in the market.

In the long term the bitcoin will be at higher price levels so it is easy to predict the price of bitcoins for long term.
For short term no one can predict the BTC price accurate y and it is only the game of priorities.

EDIT:


I am saying this on the basis of the history of bitcoin. Bitcoin makes a new all time high every four years so it is a no-brainer to make a prediction that Bitcoin will be ATH after 4-5 years. Although it is still impossible to predict the exact price of bitcoin after few years but still anyone who invests in bitcoin, knows this prediction, will have peace of mind that his investment in bitcoin will always be profitable over the duration of a few years.

Hope wont really be that enough because if we wont really be that putting up that analysis in every step that we are making then we are just basically relying on luck on which it is something that not recommended

that it should really be done on this market. Yes, we are all speculators on here but doesnt mean that we would really be tolerating that kind of speculative approach on which it comes into a point that it is really just purely predicting whether it would be going down or up. We know that there are lots of factors which could really be affect out price movements on which this is something that we should watch out. No matter how hard we do try then its impossible on knowing on what would be the price would be. We dont have choice but to predict but of course it should really be on that situation that we arent blindly taking up positions.

Whether we do like it or not, there's no way on predicting on where the price would be next in moving and this is why we do have that kind of speculative approach on assuming on where prices would go.
Nothing beats out if you do rely with your own manual trading ways and methods on which not relying on someones calls and analysis. Better to create and basing up your positioning with your
own approach and not something that would be putting you up in regret on the time that you had made the wrong one.

The last thing to leave a man is hope. Anyone who gets their hopes high does so to get their mojo in whatever they're doing. I don't see anything wrong in that. Without hope, no one will endeavour to pursue any aspiration. That's what we also find in this industry. Price speculation isn't anything new or bad but what we do with it is solely dependent on us. Nobody should blindly depend on other's predictions without doing their own research. If they do, whatever the outcome is should be borne by them without any fuss.

Those who are predicting $45k for the next bull run in 2025 aren't doing justice to their prediction, knowing that the current ATH is $68k+ which was achieved in 2021. We know that every new ATH has always surpassed the previous ATH. I don't see this incoming one to be any different. We should be expecting anything above $120k. That's my take on this.

Yea that true maybe they're part of those who have the highest coin and the more they buy the higher it goes so now that we have a dip I feel they should be held responsible, apart from investors ignoring FUD, what other way can make it bump to it normal price or even higher than the $30k that it was?




If they'll regret I don't think they should have thought of sell, they have a reason for selling, anyone can decide to go against his or her own strategy, is their choice to use the DCA strategy.
We might be blaming them for the current dip but we haven't thought of their next move if it will bump it to $40k at ones, nobody can tell not even the predictions we see everyday.

To this day, I still see many people still trying to blame Elon, and they insist that it was Elon and Sapcex who sold their remaining bitcoins and caused the market to dump. But that information is incorrect because they have been selling those bitcoins since the first quarter of this year but someone is deliberately blaming Elon.

In short, if this is not whale manipulation, what is the cause of such a sudden drop?

But I think they will regret that method of their investment. Meanwhile, we have a DCA strategy, but I don't see why they don't want to use it. Meanwhile, we have a DCA strategy but somehow they don't want to use it and wait for a drop with no guarantee to happen.

I tried checking on why is had to drop drastically but at some point I got tired of looking for a reason (because I couldn't get any) why the sudden drop of the price, i was hoping to get something but nothing came out.
I know many people would like to see how it will look like in the coming days, maybe it will start rising before the new week runs out.


It shouldn't be a surprise because I think such a thing had happened before when the price drop and suddenly it goes up and higher. So nobody wants to start saying "wish I knew, I would have waited".
Some decisions might put you on the right track so I think that's why some are still holding.

I did some research yesterday and today, but honestly, I can't find any good reason for yesterday's drop. What I'm thinking is manipulation by the sharks, the market makers, other than that for no other reason. Although bitcoin has yet to recover, I don't think it will continue to fall more from here. At least there will be a couple of rallies to the 27k-28k area before another drop occurs, but I don't expect that to happen.
We are closer than ever to the halving and triggering dumping is not a good thing. But many people are still expecting that to happen as they still haven't bought too many bitcoins as of today, I still know some people are still holding USDT waiting for a bigger dumping.

With the current state of Bitcoin price $25k is it still advisable for traders to go with any form of prediction?
I think this is a sign that we should use what we see instead of getting our expectations high on what we see as predictions, I know some will disagree with me on this but I believe we still have members or investors who think that before the end of this month Bitcoin price would reach $35k, what would they say now with the current price?
I really don't know why it drop down to $25k in the space of 2-3 days and is still going down. Why?

It's normal everyone has a prediction regards BTC price, as we tend to foresee the future, trying to guess correctly what is going to happen next to prepare ourselves best as possible on the present moment to take advantage of the opportunities which are going to appear or happen futurely.

There are many different kinds of predictions about BTC, some positive and other negative. Of course at least one of them will be right, the challenge is to pick the right one and start drawing our plan following that scenario. Personally I rely on what I believe, because if I don't, I'm not going to execute my plan with excellency. So, if you are confident about a prediction, you have to rely on it, there is no other way to make it work, because when you don't rely, it means you don't believe, and when you don't believe you get indecisive, weak and vulnerable, reaching nowhere. Just like those people who intended to buy BTC, but never bought due to it being too "expensive".

Predictions certainly have the same opportunity between right or wrong, unfortunately many people believe too much with predictions so that following these suggestions, we as investors certainly understand that price predictions are very difficult, if they can predict prices, of course they can be rich from bitcoin, and unfortunately they are Just make predictions without buying or selling.

Of course, predictions are an indicator for determining investment decisions to either sell or buy, because confidence can be obtained by calculating predictions with various methods and techniques in conducting analysis that have certain conclusions on the results.
The average prediction is everyone's mainstay to prepare and make decisions, even though we don't know what will happen because talking about predictions is talking about opportunities that might come either a decrease or an increase in bitcoin.

Just as we witnessed several cases of bitcoin in each cycle, it always experiences a price increase and forms a new ATH which is data on the fact that new ATH opportunities will also exist in the current cycle and so on.

When you are fully prepared to invest in Bitcoin, it means you have considered all the things that could happen to you through that investment. So if in the future you don't get the profit as you believe or you want, never abuse the situation or Bitcoin because that is something you must understand at this time or you understand before you experience losses through investment. And in general you have also taken a very wise step by investing money into Bitcoin at this time.

If the information needed to invest is about Bitcoin, I don't think it would be that difficult to find out as long as it is information that has happened to Bitcoin in the past. Because by knowing information about Bitcoin in the past, everyone starts to dare to make a decision to invest, and this is also due to their own level of knowledge which also begins to mature about Bitcoin over time. Bitcoin is a very good cryptocurrency to invest in and also very good to trade, but I would much rather have it as an investment asset over the long term than to trade it short term for small profits.

Well some of those predictions are based on modelling after being subjected to some analysis while some people just predicted it price blindly without any proof to back it up , others based their prediction on the upcoming halving of Bitcoin in 2024, however it's absolutely difficult to predict the future price of Bitcoin because it price is mostly affected by fundamentals a huge and positive one can trigger a massive pump in the price infact change the overall sentiment from bearish to bullish same thing happens when a negative news is announced especially relating to clamp down of big exchange or banning of Bitcoin in a country that has large numbers of hodlers all these factors makes the price of Bitcoin very unpredictable.

There's nothing wrong because all of these are predictions, when you try to do a study on predictions, the steps you see first are how Bitcoin went before, so that's where the various predictions that people try to do are born. The question is what percentage of predictions are correct? the answer may be seen from various predictions that have ever existed. Why do people see the next ATH price close to $ 100,000 the answer is because at ATH before bitcoin it was almost close to that price, so it's natural that people see the next price target at that number.

Just enjoy every prediction that exists and what we need to do is make a separate study and never rely on predictions completely. Predictions will still be predictions and that's why bitcoin continues to be talked about, the more people who talk about it, the better the condition of the bitcoin in the future.

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.

We invest in Bitcoin mainly because of the predictions of various wise people, the predictions they make are correct and that's why people are more interested in investing in Bitcoin. Because their predictions are accurate and that's why people have high hopes on Bitcoin.  Currently we have seen many predictions where the price of Bitcoin is likely to reach $1m dollars in 2024. But it is still not easy to say how accurate and confirmed this prediction will be, but since we know Bitcoin halving every four years and then the value of Bitcoin increases. And when the Bitcoin market starts to halve, we will see a bull market when we are in such a situation that the price of Bitcoin will definitely touch $1M dollars. Most of the wise investors have made such predictions, we think their analysis must be true, we will soon see these predictions come true.

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.