Topic: Why you should stay off from market prediction (Read 4700 times)
I do not think, it is fully possible to not care about price predictions. That is true, that we can not see the future with full accuracy, but we must have an idea, where the market is going. Surely, a plan B is also needed, in case things go different, than what we expect.
I predict that in a year's time, bitcoin will be worth about $6500.
Yes this market is hard to tell Because it was fast and all of the people can trade so its hard to predict or what
I lost a lot of money when I newly joined crypto, reason was ,,I was following market prediction. It doesn't mean that those giving the market prediction are always wrong though.
It just that the crypto currency market is highly volatile and so unpredictable.
So I stopped following market prediction.
It just that the crypto currency market is highly volatile and so unpredictable.
So I stopped following market prediction.
Experts misunderstood a long time ago and this is the basic thing that new traders need to know. Because no one treats us better than we do. What to do is learn from the books on investing, how to invest properly and how to manage financial effectively. That is what new people need to learn to be able to invest successfully.
I fully agree with you, do not listen to anyone, think with your head when investing. All rumors can be created specifically, the market is easily served by manipulation.
Absolutely right. Crypto isn't predictable, and I doubt that it can ever become so. Predictions are poisonous because of the reasons you've listed.
Self study and consequently making one's own prediction is good in my opinion. With that you make your own predictions by studying the trends over a certain period and this could be a great guide to success in trading or long term hodling.
the most important thing is that predictions are not everything, it's just speculation that people don't have valid data to determine whether it's true or not because the crypto market has value regulation on each coin in the CMC. keep trading and hold your coin as long as you are sure of your decision
Bad and unpredictable markets for now. And I prefer to watch now, while holding and being patient waiting for market movements towards a more stable direction.
If people stop predicting and/or speculating about the price of bitcoins, the market will stop, and there will be no potential price increase. Bitcoin is largely a speculative asset. Of course, one should not blindly trust any prediction, but nevertheless, one should listen to the market trends and draw conclusions for oneself.
This is a good point to keep at heart. I will also add that before you follow anyone call or prediction, you should research the project before investing into it. This will give a clear and finally decision to take.
This market is really open to speculative movements. People may not be interested in other people's investments for their own interests. Therefore, it is necessary to stay as far away from speculative movements or speculation as possible in this market.
Predictions are not solid, hence must not be given a full trust yet they form part of the strategies with which investors decide when to buy more, how long to hold and when to sell. The best way to follow predictions is to follow crypto experts who predict out of analysis of the market.
For me I should stay off from market prediction because I think prediction is like guessing something without any basis. If I will base on market's prediction I am going to be lazy to work hard for the bitcoin and I will be lazy to achieve all my dreams because based on what I read from prediction market all of content is negative. So how we can be motivated when we still believing in market prediction. I know this is risky but I give my full trust in investing bitcoin even they predict it in a negative side because I have my own decisions and strategy and I dont have to based in prediction .
As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.
Here are few reasons why you shouldn't engaged with it (market/price prediction)
1. Predictions can be wrong
2. Listening to predictions makes you a speculator
3. Listening to predictions makes you an onlooker
4. Price prediction gives you nothing for today, only false hope
5. Listening to price prediction makes you think in one direction
Finally
Don’t let speculation and assumption make you decide what to do.
Here are few reasons why you shouldn't engaged with it (market/price prediction)
1. Predictions can be wrong
2. Listening to predictions makes you a speculator
3. Listening to predictions makes you an onlooker
4. Price prediction gives you nothing for today, only false hope
5. Listening to price prediction makes you think in one direction
Finally
Don’t let speculation and assumption make you decide what to do.
I couldn't agree more! engaging yourself in the predictions about the market will only stresses you and worry you. What you have mentioned above are some of the cause and effect of engaging yourself too much. I would like to add that whenever you let ypurself believe in the predictions of the market, if it is not meet the prediction of yours will lead to disappointments.
cryptocurrency market is dependent on the demand and supply so it is difficult to predict the market before hand so do not speculate.
Indeed it depends on the demand and supply about the increase of price. Through this year it is hard to speculate the market price for the reason’s of changing from low and high. So we could not suddenly believe about prediction since it may not true.
I only refer to these predictions and combine them with my chart guesses to make the right decisions
I never move away from market predictions bro. but I believe more in my own thoughts and opinions. if there is an advantage I feel satisfied. but if there were losses I also tried to be patient. because that's the result of my own thoughts
cryptocurrency market is dependent on the demand and supply so it is difficult to predict the market before hand so do not speculate.
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