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Topic: Why you should stay off from market prediction - page 38. (Read 4766 times)

member
Activity: 364
Merit: 16
https://crowdsale.network
I only listen to positive forecasts. There’s not much historical basis for analysts to predict future prices anyway. I’m with those people with sunny disposition. Cool
jr. member
Activity: 224
Merit: 1
“Revolutionizing Brokerage of Personal Data”
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.


absolutely. I see no reason why someone who can predict the future would share that with anyone else. Only thing I can think of is that they're just trying to manipulate the markets...
member
Activity: 280
Merit: 15
BookiePro.Fun - The World's Betting Exchange
I completely ignore any kind of market predictions, even positive ones. People change their mind too often and I hate when someone does so when there is an occasion. There are so many different opinions that no one should take them seriously. Cryptocurrencies are relatively new and no one knows what is going to happen to them. I'm positive about their future.
newbie
Activity: 126
Merit: 0
We should stay off from coin market predictions  because they are all speculations with no proof that it was really happenning ,we not believe until the digital figure of the price value of the market can be seen ,and we conclude that the season is now the true events, not just we believe immediately from those predictions.
full member
Activity: 321
Merit: 100
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.


For us to not be in panic mode. we have to find valid data and predict with that data, prediction from others or experts may be made in addition and consolidation of opinion only. Some of those are fake but some are real. Although we have experts, experts tends to fail also.
newbie
Activity: 94
Merit: 0
not all predictions are true and that's just einstein's imagination, This is a speculative market, do not be too confident with someone's prediction
newbie
Activity: 1
Merit: 0
Could not agree more. Without prediction there is no market Smiley
member
Activity: 532
Merit: 15
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.

thumbs up Smiley
full member
Activity: 280
Merit: 102
I am not a buff of activity forecast or chitchat assembly, I activity cast away terminated accepting in their forecast assorted interval so I stopped-up been a buff of chitchat or forecast market.
full member
Activity: 672
Merit: 105
Predictions are part of the way we work in investing, without which market predictions will fail, and I am confident and optimistic that the price of all coins will spike in the future, and this is part of the prediction.
sr. member
Activity: 728
Merit: 254
if you think an investor's prediction is a mistake, then, what should the investor do? in my opinion, a prediction is part of the market analysis.

we do not expect to predictions, but we expect on the volatility that profits us.

so, I think predictions are no problem, and do not affect the crypto market. even sometimes good predictions can eliminate the panic.
It is fine to make predictions within yourself as an investor, but taken other people's (investors) predictions to action Is what you should avoid. Experts are bound to fail when making predictions, 90% of their claim never comes to light.
member
Activity: 518
Merit: 11
if you think an investor's prediction is a mistake, then, what should the investor do? in my opinion, a prediction is part of the market analysis.

we do not expect to predictions, but we expect on the volatility that profits us.

so, I think predictions are no problem, and do not affect the crypto market. even sometimes good predictions can eliminate the panic.
sr. member
Activity: 672
Merit: 251
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.
For me all of those things are just something to remind a person whether he or she will listen to the prediction or not. Well, this is my answer, ALL OF THOSE PREDICTION ARE JUST PREDICTION. It is up to you whether you'll follow it or not. Some people are scared to take risks, some people do take risks. Remember in cryptocurrency all things you are doing is risking. This includes trading and buying of bitcoins at different rate.

Note: If you're just a newbie in crypto, take care in following some predictions. Some of those are fake but some are real. Although we have experts, experts tends to fail also.
newbie
Activity: 40
Merit: 0
Prediction is important. It already becomes the bloodstream of this investment. Because of you don't predict and don't believe on it then there's nothing to trade. I invested in bitcoin because of the belief that at some time my investment will go high which is a form of prediction. I predicted that the price will go up and that is the time for me to sell my bitcoin. I also predicted that after selling and if the price goes down back again then I will buy more BTC because that it is the time for me to re-invest. So, see it? Prediction is always used.
newbie
Activity: 147
Merit: 0
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 agree with your opinion We still need prediction but not prediction from other people I mean, we have to find valid data and predict with that data, prediction from others or experts may be made in addition and consolidation of opinion only .
hero member
Activity: 2716
Merit: 552
1. Predictions can be true as well, and in crypto space we are living in pure speculation and predictions.

2. Even without listening to speculations, you can and will be an speculator. Ex. By trying to look at the historical chart of price movement, how would you react with your next investment move? Speculate right?
And the rest of your guidelines is redundant.
What you have posted completely contradicts the idea in crypto space. There are reliable TA's that guides you along the way.
member
Activity: 378
Merit: 10
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.
Yes i do agree on your statement. There are lots of speculations in the cryto world that made people alert on whats going on in the market. Then starting on analyzing on what would be the best thing to do to be able to get the good profit.
sr. member
Activity: 616
Merit: 262
I believe that people should not rely more on predictions or speculations since there is no definite assurance
that guarantee it will increase the price immediately. It's better that you should be observant on the current market trend and study its pattern on your own.

Other people's idea of the market is a guide as well for you to know the market sentiment so that you can act upon it. You do not need to necessarily follow their suggestions but instead you will know what they think about it and then assess it yourself if it is align with your trading plan. There is also an advantage of taking a look at other's speculation because you can have a different perspective that may be helpful for your trades and learn from it as well.
hero member
Activity: 672
Merit: 526
How will you invest in something if you do not foresee the future of this asset? You need to find some logic to get an idea of the amount you should pay.

For example: I believe that Bitcoin has a large market as a store of value. So I predict that it will come to have a market value close to similar assets like gold and silver. I also predict that with LN it will be a great payment alternative between different currencies, like Dollar - yen. So I imagine it will cost at least 20% of this market.

With this I can also predict projects that have another purpose. As for example Cardano, which I believe will be the best solution for smart contracts. There is a whole niche market in this sense that has not yet been explored. International negotiations, service constraints, etc.

These markets are worth trillions of dollars. Which would put these projects with a value at least 10 times higher than the current one.
hero member
Activity: 2842
Merit: 772
Well first of all the market is really notorious and very hard to guess. So making predictions is really foolish and those making predictions are either know that stuff that well so make ridiculous claims or just wanting to get media attentions and predict the price of bitcoin (without having TA as least) but then later on they eat their words because bitcoin moves on the opposite direction.

So for me, there's like FUD based predictions and self fulfilling like those big investors trying to influence the investors and are very bullish and continue to speculate the price could make good gains just like John McAfee. If he can elicit positive sentiments because of his predictions, then I'm sure that he will continue to do until its becomes the thought of a lot of investors fulfilling his dream to make huge money in return.
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