Topic: Why you should stay off from market prediction - page 35. (Read 4766 times)
Predictions are not all but I don't think we should trash them. There are many predictions which are excellent and worth reading. You can't put everything in the same category. Without such advice, our own predictions and decisions may be one-dimensional.
I don't think you should stay off all of the predictions. In fact, predictions play an important role. Investors in stock market have to read such articles to consider what they should be going to do next. The predictions from reliable sources may be wrong but it's still helpful. The problem is what sources you choose to consult, and to what extent you should listen to them.
Well, therea re too many people making fake predictions and that is one of the reasons of why there is too much fud on the entire market. The same happened on december, because of the bullish predictions, there was too much hype
I think that way, I see a lot of important people predict upcoming price bitcoin. Some say if the price of the bitcoin will return in days last year in which the increase occurs. Yes everyone could predict, but I see nothing much doing market analysis.
I think you should be specific that we should stay off negative market predictions only since we thinking that the price of bitcoin will be very high in the future is a form of prediction. Positive speculations can actually influence the price to rise as it can increase the confidence of the community to 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.
This was a concise and precise list that we can consider in the process of holding bitcoin. The first one is very correct, because even the hyphothesis can be wrong sometimes, we should believe in bitcoin not in the predictions. The second, it may seems that you will have the ideas of having theory in mind and it is not a good thing, because theory are not true and just a mere theory amd bitcoin is not a theory it is existing. Third is as same as the second, it is not a good thing in crypto world. The fourth and fifth can limit minds in terms of thinking what the bitcoin can give. And lastly it is all on the critical thinking and decision making on decision to 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.
Market predictions are also required in the trade.What we need to do is have a prediction where the market direction we should try to pridict so we will get used reading the charts and various news considerations we read.So we are not dependent on market predictions market by others
Prediction on bitcoin have no good result on us, if you believe on it then after that not happen, you will lose some of your bitcoin too, its better to go with the flow, like if the price of bitcoin is down,then buy or invest some of your savings, and if the price is higher then sell your profit.
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sometimes market prediction cannot give the truth and some of the people just using the others to follow their step but that person is only giving a bad news and only want to make people become panic. maybe you can read the news about market prediction and then you can make your own market prediction with your skills so you know what you need to do regarding the market conditions. you can follow the market prediction but only to collect much information about the market so you can make your own decision.
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.
Very well said, speculations is the main source of bitcoin's price achievement. Imagine if no one spread the positivity towards bitcoin ? imagine if no one speculated that bitcoin could do so much? I guess all of us give a hit on bitcoin last year, or even buy to expect a profit from it. Also that made bitcoin as an speculative asset, because of speculation due to its trend. 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.
Thanks for your sharing.I agree that we should not fully believe in other people's predictions to make decisions.But Prediction is the core of bitcoin market.Predictions are the basis of trading on which decision are made. There is no sure thing in crypto trading and all things are base on speculations from traders and analyst.We need the knowledge and experience to make the choices to invest fit
Well, we have our own prediction about the bitcoin price, we do not know when it will increase or decrease, no one know what will be the real happen to it, I think you don't need to stay away from bitcoin prediction but rather to decide in your own whether you believe on it or not.
Yes it is true you should really stay off from market prediction it is just a prediction it doesn't mean that it would really happen,
You should trust your own and don't listen to what other people says it is your money so do it at your own risk.
You should trust your own and don't listen to what other people says it is your money so do it at your own risk.
Well, prediction is a must when it comes to Investment. for long-term investors, prediction is really the core of investment strategy.
Then most of the time you should have your own judgment.
Because crypto money markets are risky, if you rely too much on the judgment of others, you may make the wrong decision.
Because crypto money markets are risky, if you rely too much on the judgment of others, you may make the wrong decision.
Obviously the predictions about the market can be wrong. But this does not mean that you should stay away from these predictions. What investors should do is to always listen to such predictions from the top experts carefully, but do not believe in them or follow them blindly. The ultimate decision should always be yours. Do your own research and study the market and see whether those predictions appear true or not.
I think the reason why we should stay off from market predictions is that many people only rely on this and not make alternative plans,
all things are not accurate so you should always make a plan b instead it may not happen.
all things are not accurate so you should always make a plan b instead it may not happen.
Market prediction from forums or some group of people is nothing, because nobody can predict what the price or market can look like or says.
Some newbies would receive prediction that this particular coin is going to boom in so so exchanges at a particular time and such newbies will rush to it, but a larger units of it, spend a huge worth of $ on it. But just in a twinkle of an eye, you'll see a drastic fall of such coin market.
That would greatly affect such newbies and might not be interested in trading,crypto etc again
Some newbies would receive prediction that this particular coin is going to boom in so so exchanges at a particular time and such newbies will rush to it, but a larger units of it, spend a huge worth of $ on it. But just in a twinkle of an eye, you'll see a drastic fall of such coin market.
That would greatly affect such newbies and might not be interested in trading,crypto etc again
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.
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.
wow!!!, i so much love this thread this have given more sight about this crypto and bitcoin... i can't beleive the market is full of speculation and predictions.
yes you are right without those synthesis the market is going no were..
thanks i got something from you.
This is market is speculative and that's why many are believing these predictions especially if it came from a popular person who made riches through investing. There's nothing wrong if you'll get yourself start believing these predictions, what you need to do is have your prediction on where the market is going. Since they are here to stay, you should start analyzing so you'll start depending on your own market analysis after reading charts and considering the news as well.
I really agree because if we do something without a good plan it will be useless. So it's better we have to know the market situation, and not just referring to market predictions.Jump to: