Should we rely on prediction? - page 9.

Sexylizzy2813

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Quote from: OgNasty on August 10, 2023, 06:01:37 PM

When it’s all over I think whether you were successful or not in whatever you are attempting to do, the most important thing will be that you followed your own predictions. If you follow someone else’s predictions and they turn out to be wrong, you will have anger towards them. If you follow yourself and fail, you can at least know you did what you believed was right.

Doing what you believe is right, that's when you follow your prediction like you said. Like we all know, follow someone else's prediction is not that advisable, is good to follow ones strategy in trading right? but not good to follow ones prediction? Why is it so?
All I'm saying is that we should follow it the way we're seeingit, nobody's prediction is legit to follow (even you that have your own prediction you should be careful how you rate it).

Ayers

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Quote from: Noctis Connor on August 10, 2023, 01:16:20 AM

As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

And what you are saying is also prediction, is there any difference? Even if you rely on historical data, do thousands of research and analysis, in the end you have no guarantee that your conclusion will definitely happen in the future. So no matter what you say about the future it is a prediction, but the difference is a well-founded prediction and a blind prediction. Of course, well-founded predictions are certainly more likely to happen than blind and emotional predictions.

The future is unpredictable, history repeats 3 times but that doesn't mean it will keep repeating itself. So, when we talk about the future, we can't do anything but make predictions.

Twentyonepaylots

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Quote from: EarnOnVictor on August 04, 2023, 04:33:51 AM

I share your view, but still, there are accurate predictors, and if you follow them very, you might be surprised at the high level of the result. I've not seen this with Bitcoin though, but I still pride myself that all my analyses on this forum always work. This is not about preaching perfection, but to tell you that prediction works. But those who publish it online mostly publish rubbish, and you should still not expect any prediction to be perfect because the market is dynamic. Bitcoin has its flaws too, it could be so frustrating for trend predictors, unlike many assets I know. Can you imagine what it did in the past 11 days? So frustrating.

Bottomline: Choose carefully where you get your predictions, and you might be positively surprised.

Absolutely. Bitcoin value is volatile and can change rapidly based on various factors. It's always nerve-wracking to rely on predictions, but it's worth it with a calculated risk. Before relying on the different Bitcoin predictions published, you should also do your work to learn and self-evaluate whether these predictions based on historical data, market sentiment, and technical analysis are evident enough for you and provide a high probability. You should also note that prediction is not 100% accurate and should be taken skeptically.

Also, remember the value of diversification and risk management. While following predictions or market trends can make you feel FOMO, relying solely on these factors can be risky. Instead, consider your overall investment strategy and aim to diversify your portfolio to manage risk better. It will help you ensure a more stable and successful investment experience.

Ziskinberg

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Quote from: kentrolla on August 10, 2023, 02:50:35 PM

Quote from: Noctis Connor on August 10, 2023, 01:16:20 AM

As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

You are right, relying on prediction is a foolish thing as we have to check the historic trend of bull and bearish run to understand the pattern because once the bull run starts every random guy becomes crypto experts and throws random predictions. We should rather follow the market trend and act accordingly. Most of us lose money because we buy at peak due to FOMO and sell it at low due to FUDS.

I really don't think that it is a foolish idea as to whether we like it or not, we live that way. Because if we only know what will happen next, people don't do this and so I am but it was not, therefore, the prediction comes out for a good reason. It is only no sense if we don't have any basis for our prediction but if we have, I believe that is was close to the possibility. In fact, you believe that Bitcoin will make bullish again and that is just a sort of speculation. If that is wrong, then there is no sense of believing it but we are.

cryptomaniac_xxx

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Quote from: OgNasty on August 10, 2023, 06:01:37 PM

When it’s all over I think whether you were successful or not in whatever you are attempting to do, the most important thing will be that you followed your own predictions. If you follow someone else’s predictions and they turn out to be wrong, you will have anger towards them. If you follow yourself and fail, you can at least know you did what you believed was right.

I guess it's life as well, we follow our hunch, it could be very bad or it could be a major decision that can impact our lives. Same with the predictions here in crypto, sometimes its a hit, and sometimes its a missed.

But the good thing is that it came from our own predictions, we didn't rely on some personalities or crypto influencer. It's how we see the market moving, it could be short term or long term. So in the end, if it works for us, then good. If not, then maybe it's just very unfortunate that we have seen in the wrong way.

justdimin

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Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 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.

What else could we rely on. I mean even the indicators and charts and TA all of them could be considered predictions. There is nothing else than predictions, people think that if they have some data that backs up their prediction then it's not prediction but more like proven data and all that, but the reality is that not all TA could be considered true and sometimes they fail and this is why it would be smarter if we could end up with calling them all predictions.

I have some predictions, like in 2024 it will be higher a bit, and in 2025 it will be a lot higher than this ,a huge bull run. But that is not a fact, it's prediction, even though it's backed up by years and years of proven data, it's still a prediction in the end.

TelolettOm

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Quote from: Kadal Ijo on August 09, 2023, 10:16:21 AM

If we are used to and know bitcoin for at least 2 years then we are familiar with bitcoin patterns and trends, when it was still early of course many people relied on buying or selling based on predictions from experts, and after knowing 2 years and having profit or loss of course we know the best thing without relying on predictions.

2 years is surely enough time to understand the market. I agree that people who already joined Bitcoin for 2 years, can make their own predictions. It is better to not rely on the predictions from others, including experts or experienced people. Actually, every one must know how to analyze the market or crypto prices, it is not impossible if everyone wants to learn carefully and seriously. However, if the people are lazy to learn, they may not predict properly although they are already 2 years in crypto.

Quote from: Noctis Connor on August 10, 2023, 01:16:20 AM

As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin.

If you are focusing on 4 years cycle, it is not for trading but for investment.
Sure, for the investors, they always wait for 4 years cycle. And it is already proven for some years. Considering the cycle, bullrun season probably happens in 2025 because the first bearish year is in 2022. While for a trader, he doesn't need to wait for bullrun season to take profits.

OgNasty

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When it’s all over I think whether you were successful or not in whatever you are attempting to do, the most important thing will be that you followed your own predictions. If you follow someone else’s predictions and they turn out to be wrong, you will have anger towards them. If you follow yourself and fail, you can at least know you did what you believed was right.

serjent05

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Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 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.

We can make prediction as reference but we should not rely on them completely. Remember predictions are just guesses and since no one knows what will happen in the future, it is obvious that there is a huge possibility that this predictions will not happen.

We must keep ourselves updated on the price and the news instead of relying on the predictions.

stomachgrowls

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Quote from: lixer on August 10, 2023, 12:22:10 PM

Quote from: LogitechMouse on August 04, 2023, 07:26:36 PM

Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 PM

~

Is there any other way that we can rely on?
Reading charts is also a type of prediction right? If it wasn't prediction then what we should rely on?

With a very volatile market like cryptocurrency, what we can do is to just rely on prediction. Some are saying that the probability of this price be reached by X year is also prediction. Probability is kind of connected to prediction. Some so-called analysts are predicting what will be the price of Bitcoin this year, and all of that has a probability to happen. Overall, there is no other way, but predict because we don't know what can happen. We are speculating the market, and we will be for a long time as long as the market is volatile.

You're right but reading charts are better. It's like a smart way to predict because we based on something than randomly calling numbers out of our head. There is a lot of uncertainties in the market. The only thing that we can do is to rely on our own ability and to the coin that we choose. Remember, no risk no gain. Predicting is part of our lives already. It makes the game more exciting.

As long as our predictions is still in range, there is always a probability for it to happen. Volatility in crypto is fixed but it's up to us if we will stay here or not. Predicting is also optional. As long as you have a patience and you choose a good coin. You will still earn.

Nothing beats out if you are that following on something or making out some analysis from those charts rather than on making up some number prediction without any basis or analysis on which it is really that something not

that surprising from other people when it comes on how they do take or on how they do deal up with this market. Some will really be just using up this kind of method and there are some who are really that going in line on what are the must thing to be done. In having or dealing with this speculative market then its normal that we will really be having that speculative approach and this is why we do have tons of predictions that circles or pop out in the market neither do came from those professionals or known person or people or to those people who do randomly giving out their own opinion basing up with their own insights and perspective which its
never been wise if you are really that trying out to absorbed or would really be that relying into it.

Make your own predictions which do came from your own understanding and learning out of this market.Stick with those basic principles or approach on which it is really giving out that realistic thing rather
than on completely randomly generating out ideas came from nowhere.

kentrolla

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Quote from: Noctis Connor on August 10, 2023, 01:16:20 AM

As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

You are right, relying on prediction is a foolish thing as we have to check the historic trend of bull and bearish run to understand the pattern because once the bull run starts every random guy becomes crypto experts and throws random predictions. We should rather follow the market trend and act accordingly. Most of us lose money because we buy at peak due to FOMO and sell it at low due to FUDS.

bitgolden

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Quote from: Noctis Connor on August 10, 2023, 01:16:20 AM

As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

That is true and I bet that it will happen like that without a doubt. I think it should be remembered that it will be not so easy to get it started but when it starts to go up in a huge bull run around those times, it will be quite difficult to stop it as well.

This is why it's important to be at the right place at the right time. If you end up buying anywhere near this 30k level price, and wait for it to go there, it will be just a year or two of waiting but you are going to see the price get to a point you wouldn't believe. In fact, you will want to sell because it's so high and you will see it keep going higher and decide to hold a little longer, it will keep doing that for a long time without a doubt.

lixer

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Quote from: LogitechMouse on August 04, 2023, 07:26:36 PM

Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 PM

~

Is there any other way that we can rely on?
Reading charts is also a type of prediction right? If it wasn't prediction then what we should rely on?

With a very volatile market like cryptocurrency, what we can do is to just rely on prediction. Some are saying that the probability of this price be reached by X year is also prediction. Probability is kind of connected to prediction. Some so-called analysts are predicting what will be the price of Bitcoin this year, and all of that has a probability to happen. Overall, there is no other way, but predict because we don't know what can happen. We are speculating the market, and we will be for a long time as long as the market is volatile.

You're right but reading charts are better. It's like a smart way to predict because we based on something than randomly calling numbers out of our head. There is a lot of uncertainties in the market. The only thing that we can do is to rely on our own ability and to the coin that we choose. Remember, no risk no gain. Predicting is part of our lives already. It makes the game more exciting.

As long as our predictions is still in range, there is always a probability for it to happen. Volatility in crypto is fixed but it's up to us if we will stay here or not. Predicting is also optional. As long as you have a patience and you choose a good coin. You will still earn.

Noctis Connor

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As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

Webetcoins

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It's not gambling that is negative, but it's the addiction that is. I don't think anyone calls gambling negative or they say it shouldn't exist, people just blame those who get addicted to gambling and lose everything they have to it. Do you think that a casino won't run if there aren't addicted gamblers? Of course, it would, because there will always be gamblers who will gamble but maybe they won't spend everything they have in it because they are not addicted to it.

So, casinos can still operate and be profitable and be able to pay taxes and duties and whatever the government has imposed on them even if they don't have any addicted gamblers. So, the problem lies in the addiction that some people get themselves into and not the casinos or gambling in general.

Weawant

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Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 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...

We invest in Bitcoin because we're expecting future profits and for those profits to come true the price has to increase passed its current price back when we invested. The predictions are the tools that guide us to invest into bitcoin but we shouldn't expect it to be accurate.

There are some predictions that are ridiculous and when you see them you should be able to understand that those making those prediction don't believe the price can get to their target in the timeframe they used but just looking to create hype in the market for a pump.

We have to be realistic with our prediction or speculation because with been realistic we won't be disappointed when Bitcoin doesn't get to the price we predicted. Bitcoin can reach a new all time high above $100,000 but saying it'll pass a million dollars is impossible for now.

lizarder

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Quote from: Joshapat on August 07, 2023, 07:07:22 AM

Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.

Basically a prediction is a reference as a basis for seeing price potential, but does not reflect the final result at the true level of truth because talking about speculative. And vice versa, by following predictions from people you can trust, but never make these predictions as a guideline before trying to use your own instincts to find out. Use separate analysis and create a roadmap of previous prices, so that we can see potential price movements by matching them.

The process of demand and supply is a condition that will affect prices and this is different from predictions. The process of demand and supply is not caused by natural law but this is economic law because there is a buying and selling process in it. Therefore we have to distinguish natural law from economic law (demand and supply), at least that's the role of the economy in playing the price for a product.

Kadal Ijo

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If we are used to and know bitcoin for at least 2 years then we are familiar with bitcoin patterns and trends, when it was still early of course many people relied on buying or selling based on predictions from experts, and after knowing 2 years and having profit or loss of course we know the best thing without relying on predictions.

Lanatsa

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Quote from: Marykeller on August 08, 2023, 05:23:52 PM

Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 PM

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Prediction it is, prediction will it end to be, nothing serious. We may all go ahead and make our own predictions about the price of bitcoin. One thing is certain, though that Bitcoin will ultimately give whatever price it chooses at the end of the month or year.

Did any of us properly anticipate that Bitcoin would soar to $68,789 by the end of the previous bull run, which took place in 2021? I think not.

The same thing, in my opinion, will occur both this year and the following year. Nobody among us will be able to accurately anticipate the price of bitcoin. We can only be making rational guessing while also failing.

Bare in mind that no matter how rich or poor you are, no matter how known/reputable or nobody you are. We are all just the same into this market on which we are just that speculators on which there's no one would

be able to tell or would be able to know on where the market would be going.It is really just that there are people who are tending to be claiming that they do really have that kind of predictions which could really be that having a huge winning or profitable trade or result on which its never been ideal that you should really believe with these kind or type of bullshit thing. Whenever you do have decided on making yourself that
dealing or investing on this market then it is really just that a best approach that you should really be relying with your own methods or ways on dealing with the market.

Never ever make yourself relying into those approach or insights of other people.Its not bad though on snipping out some slight ideas or analysis but not totally be following or would really be copying theirs.
Better stick with your own methods and ways which on this way you would really be making yourself way more better.

Marykeller

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Quote from: Sexylizzy2813 on August 03, 2023, 05:35:15 PM

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Prediction it is, prediction will it end to be, nothing serious. We may all go ahead and make our own predictions about the price of bitcoin. One thing is certain, though that Bitcoin will ultimately give whatever price it chooses at the end of the month or year.

Did any of us properly anticipate that Bitcoin would soar to $68,789 by the end of the previous bull run, which took place in 2021? I think not.

The same thing, in my opinion, will occur both this year and the following year. Nobody among us will be able to accurately anticipate the price of bitcoin. We can only be making rational guessing while also failing.

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