Topic: Why you should stay off from market prediction - page 16. (Read 4762 times)
I agree with many guys! I personally never guess what will happen to the course bitcoin! bitcoin is very unstable, and it's hard to guess what the price will be! it depends very much on the news. It also depends very much on how big players will behave themselves, they will buy or sell a large volume!
Prediction is the core of bitcoin market. Without prediction, entire market is bound to fail. We invest in bitcoins because we believe that the value of bitcoin will be high in future. That's one kind of prediction.
Also majority of the crypto trades are based on short term predictions. If people stop predicting/speculating bitcoin's price, the market movement will be halted and the growth will be stopped. Bitcoin is largely a speculative asset. Without prediction, nothing will be achieved.
I really agree with your setup sir! everyone must have predicted in the future whether it would be good or bad! and rightly without good predictions it will certainly not succeed and will fail! Also majority of the crypto trades are based on short term predictions. If people stop predicting/speculating bitcoin's price, the market movement will be halted and the growth will be stopped. Bitcoin is largely a speculative asset. Without prediction, nothing will be achieved.
Relying on others prediction is laziness. No one can predict the market right at all time and sometimes it is just a hype and a bait for newbies and even experience traders. It is better to do your own research and update your self in what is going on in the market.
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.
Prediction can be used to manipulate the market by some peoples. They could paying some people with high influence in the social media to predict the price of the coins. If this happening, some coin price will have some significant changes. And there are some peoples who take advantages of that.
Attempting to predict cryptocurreny markets is like attempting to read peoples minds! Its way difficult than most people think! Most predictions fail because for every chat you consider, its way beyond lows and highs, its way beyond spikes, every chart/ curve conveys peoples frustration, hopes, cries, pain, happiness, decisions(good or bad) fears etc., all of these are attributes which most supposed predictors can not keep up with! These are not easy to predict. If you attempt to predict and wrongly, you only endanger your reputation
Every economic decision in every market can be considered prediction or speculation to some extent. I don't think you can really separate yourself from that economic reality.
too much giving importance to prediction will make you worry every time and you will act like speculator every time and it is not good for the long term investment as i like to hold my investment for long time if i give attention to prediction then i will certainly act like a speculator and if i toke decision in hurry that will be not fine for future.
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.
Well you are right 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.
But the truth there is that some time prediction gives you hope not to sale with the present market situation, it motivates you on market price and what you have intend to achieve. When you predict sometimes it got you to the wrong side why most are times it become the best option
Predictions do move the market. Even if you don't believe in them, they still affect the market, as there are many that believe them.
Predictions and speculation has been part of cryptocurrency trading and those who involves in trading are always using it. When you are trading, you will have to think of what will be the price within a few minutes, days or months so you will going to speculate or predict the next possible price. There are also crypto analysts who predicts the future price of the cryptocurrency but it is up to you to believe them.
Coincidentally, it is better to trust your own opinion, intuition. Forecasts are sometimes created for the purpose of manipulation, which is reflected in the market. Holders panic, whales become richer.
I don't believe in those predictions. I believe more about the actual situation I have seen. I am a positive and optimistic person. Even if the market is down, I will not be frustrated!
Simply the predictions are just prepared by someone who think that they are expert here but no expert in prediction,some times it is lucky but not all the times it is going to happen so invest based on your predictions it may give more benefits than other's.
Predictions and market speculations are always there,we can't avoid them and besides most people are depending on the market speculations whether the price will fall or rise even though it is mostly all are wrong and gives false hope to others..Predictions are already part in crypto market.
when i was very new in trading crypto, I use to join so many prediction pages on telegram and many of them have large number of subscribers. they will always give a date to pump a targeted crypto mostly on bittrex. at first I thought I have found what I am looking for so I do follow them but later I discover these groups are using traders as a bait. they must have invested huge amount of money before calling out a particular token. these groups are so coordinated that ones a group share a coin other too share the same coin in order to get large numbers of traders as bait.
Yes predictions may fail but if you try to think things logically you will understand it. I stayed away from predictions for quite sometime now. It makes you expect things and then if the predictions didn't come true you will lose a lot of self confidence.
I think all predictions are subjective and should only be referenced. The decision is still yours.
If you believe all the predictions about the market, you will finally lose. I do not remember when even an expert gave us right prognoses about the cryptocurrency prices.
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I'm thinking that every market prediction is based upon the opinion of particular person so it is having a chance to be non successful. And because of that you cannot trust it 100%.
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 totally agree on this , well an exchange of idea within a group of crypto traders/enthusiast is healthy
but to just rely your actions on their speculation and prediction is a major risk in your investment...
There's definitely a thing in the cryptocurrency world where everyone has to pretend to know everything,
i hate this part right here. Its okay to admit you dont know it all its okay to ask for others opinion but to lessen the risk and self blaming on your decision making ,you should do your own research as well.
I agree with you. I am in touch with stock market from many years. I see in market sometime fake prediction announce for increase in price. By this some get profit and others suffer. It is like a scam. Same situation is here. So don't be foolish. Buy coins with the power of hold and use your own mind.
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