Topic: Why you should stay off from market prediction - page 13. (Read 4762 times)
Yes, you have a point. Predictions is just thinking in advance which is not sure if it's true or not. It is true that listening to someone is not a good idea because he can not know all things that will happen in the future. But having a hope that the price will rise again or bounce back again is the only thing that we can do so that we will noy stop using bitcoin.
Obviously you have to stay out of the market predictions, but I think that if you are thinking about investing you should take a look at many predictions and opinions, to end up with your own prediction and decide whether to invest or not. Because if you lose you can not blame the guy who said that Bitcoin was going to rise, because it will be your fault and no one else's fault.
That's one of the major problems of new investors to cryptos. They invest because of the predictions made by others but they don't know that even experts in crypto with good understanding of technical analysis will also fail. Now, once they fail, these investors will surely get frustrated and started to turn their backs to cryptos. Why not stay off from market predictions made by others so you won't get distracted by it and just set your focus in a long term hold?
There are so many predictions this year are wrong. So I do not believe in it anymore and it is better for us to work out how to be able to learn exactly what the possibilities are.
We can find out what prices can happen depending on the development of the crypto currency. If it is a good idea, it will definitely increase the demand and can be a result of price hikes.
We can find out what prices can happen depending on the development of the crypto currency. If it is a good idea, it will definitely increase the demand and can be a result of price hikes.
Obviously you have to stay out of the market predictions, but I think that if you are thinking about investing you should take a look at many predictions and opinions, to end up with your own prediction and decide whether to invest or not. Because if you lose you can not blame the guy who said that Bitcoin was going to rise, because it will be your fault and no one else's fault.
No one can predict what is exactly will happen in the coming months of even days or years that is why there is no complete reason to believe in any kinds prediction, but if we are talking about crypto currency and you want to earn more and more by just buying and holding many different coins, the things you need is hope that some day you can have a good profit by just holding your coins, so in that point you can help your self to be patient.
You should stay out of predictions because they use it to hype or make FUD in the market. Besides predictions are not always accurate and cryptocurrency market is different from stock market where there is a regulation and can easily predicted.
In my opinion making predictions on BTC is a kind of roulette, sometimes you can win but it's just about luck. There is too much volatility, a lot of manipulation and too much FUD.
The predictions don't have any physical and fact background as its basis. It is more like a guess without any support. The prognosis is more serious and supported by facts and knowledge collected. It is also depends on who is making the prediction or prognosis. I would listen to only reputable profesdionals in this digital currencies industry.
Online cryptomarket is a speculative market that is always affected by market sentiments. Prediction is not always correct and can bring a lot of loss to traders who solely depend on the expert predictions. I will advice you should listen to the market news and trade the news.
Events that can boost or kill the markets are quickly exploited by professional traders.Despite the increasingly random nature of the stock market, it is still possible, for the average educated trader, to exploit pattern.
I think it should be correct as not away from predictions but stay with good predictions because even if we place a buy or sell order inside we predict that market will go up or down so we can't away from predictions if we are in the crypto market.
Definitely. I think there are far too many people trying to predict the movements of the market by comparing trends to what has happened previously. People are not cyclic creatures, they respond to the totality of the information available to them, if that amalgamation of information is different, then they may respond differently. Just because something happened one time, doesn't mean it will happen again if the same conditions are met either. It's best just to be reactive most of the time, though there are some opportunities to be proactive if you are intelligent enough.
I fully support you.I've never done this before.It's too boring and pointless for me.
Prediction is the most important thing which you notice when you are investing in cryptocurrency and that's why you chose to invest in the market because of your prediction so prediction is nothing more than speculation and it's mostly the prediction on which cryptocurrency is running so you must know about the market and but use your mind.
Market prediction is not fix and true because no body is perfect by their experience and they just assume by the trend of the market and spread the news about that assumption in the crypto market. If you are the big and long time investor then wait for good time and stay away from the all good and bad news and prediction.
There are some prediction that also put us in fear and distress but all the same they do make the crypto world fun and good to be.
Sooo true!! Someone really needs to remind them all the time. I don’t understand why people really loves market predictions. Most of the predictions make no sense. And prices are so unpredictable. Basically it’s better to stay off from market prediction.
Well many if these predictions actually have technical basis though a lot of times bitcoin moved away from predicted results. Mostly newbies are the ones drawn to these predictions especially those that only wants to make easy money.
Sooo true!! Someone really needs to remind them all the time. I don’t understand why people really loves market predictions. Most of the predictions make no sense. And prices are so unpredictable. Basically it’s better to stay off from market prediction.
Well i do agree with you to some point. I do know that some market predictions are just speculation made by people who invested in crytocurrency big time. But sometimes market prediction helps experienced crypto investor to make some relevant discuss in term of how to invest for next months...
the forecast really takes an extra time and because of incorrect forecasting you lose a lot of money. buy a crypto currency and hold it for a long time, set your goals for sale and sell it on them
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