Wrong Predictions as price keep failing!

bitterguy28

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Quote from: Godlovesyou on May 16, 2023, 09:02:02 AM

Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?

what i do believe is that there is no perfect prediction but there are other predictions that comes closer to the result.
and that is your fault, who are you to give a friend speculative amount that will bitcoin attain?
are you something like a old time trader? or analyst ?
because if you are not then I condemned your action towards your friend.

uswa56

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Quote from: GeorgeJohn on August 06, 2023, 05:33:04 AM

Quote from: Godlovesyou on May 16, 2023, 09:02:02 AM

Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?

That means you did not study the chart well in bitcoin because if assume you study the chart of bitcoin you would have known the best price, since last year November and December is when bitcoin started increasing so I believe that bitcoin price will continue to have a little increase instead of falling drastically, like last month the price of bitcoin increased to the extent of reaching 31k so this year theirs a good hope that bitcoin price is going up.

Maybe not many people can read charts well and predictions aren't always right, but it's been a bit easier this year because we see a lot of positive trends that should be a strong reference.
For now, increasing prices is very possible and even if we look at current prices, they are already very high compared to the beginning of this year.

justdimin

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Quote from: Odohu on August 08, 2023, 06:34:38 AM

I strongly agree with you. Many people who are fidgeting are those who think Bitcoin price will just continue flying without building up orders. As a norm, everyone will not keeping their holding before the anticipated bull run; some must panic and sell and regret afterward. The only way the market ensures this happens is the extended consolidation with sudden short-term drops that is happening.

Those who are conversant with the vibration of the market will use this opportunity to buy instead of sell. In less that 12 months, Bitcoin halving will happen, PayPal just launched their stablecoin, Binance is launching Bitcoin mining infrastructure, Bitcoin ETFs are around the corner... many great news ahead.

In my opinion, every believer of Bitcoin should consider taking a comfortable position in preparation for the years ahead.

The people who sell and regret later do not have to, I just wish that I could reach out to them. I understand if something big happened in your life and that is why you can't end up having something like that, but that doesn't mean that we do not have to end up with a good recovery in the end and people who just sell for their emergency needs could sell, but people who sell because it is going down should hold it as much as they possibly could.

This is why it's important to do the right thing and hold. So all the people who can hold, as in they have the option to hold, should hold, that way we get to see the price do a lot better and the result should be a lot better as well. I believe that we are going to do much better.

Odohu

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Quote from: robelneo on May 16, 2023, 10:17:15 AM

Quote from: Godlovesyou on May 16, 2023, 09:02:02 AM

Nobody bitcoin price prediction has work this season,

How do you know do you have a list of predictions, there are no exact predictions and predictions varied for every investor and traders.

Quote

I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?

It's too early to tell about the price we are just halfway through the year, and so many things are going to happen all I know is I'm very positive about the outlook this year, 2022 is a very hard year for us and 2023 a year before the halving is a good time to accumulate, the next halving will probably very different now because we have massive adoption and we will have a deduction of the output, the demand will be greater than the supply.

I strongly agree with you. Many people who are fidgeting are those who think Bitcoin price will just continue flying without building up orders. As a norm, everyone will not keeping their holding before the anticipated bull run; some must panic and sell and regret afterward. The only way the market ensures this happens is the extended consolidation with sudden short-term drops that is happening.

Those who are conversant with the vibration of the market will use this opportunity to buy instead of sell. In less that 12 months, Bitcoin halving will happen, PayPal just launched their stablecoin, Binance is launching Bitcoin mining infrastructure, Bitcoin ETFs are around the corner... many great news ahead.

In my opinion, every believer of Bitcoin should consider taking a comfortable position in preparation for the years ahead.

GeorgeJohn

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Quote from: Godlovesyou on May 16, 2023, 09:02:02 AM

Nobody bitcoin price prediction has work this season, I told my friends early January that this year will still be difficult for bitcoin to rise since they're still blocks on digestive and ingestive policies of government, why bitcoin should not stay by government. But they argued me to a fault but I knew bitcoin will not gets to $40k this year. The price will definitely rise but not at the moment. Do you predict the price to any level year?

That means you did not study the chart well in bitcoin because if assume you study the chart of bitcoin you would have known the best price, since last year November and December is when bitcoin started increasing so I believe that bitcoin price will continue to have a little increase instead of falling drastically, like last month the price of bitcoin increased to the extent of reaching 31k so this year theirs a good hope that bitcoin price is going up.

edy_58

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Quote from: IvugeoEvolutionCoin on June 03, 2023, 09:22:22 AM

Quote from: SmartGold01 on June 01, 2023, 07:01:14 AM

Bitcoin price isn't what you could predict and it goes directly to how you predicted it, most times you may see it at some level were you may feel isn't pleasing yet still changes direction to positive sign. But for me I don't put hope on the price because I know that surely the price will still make another ATH, as an investor you weren't meant to panic rather work towards your period which you think is better for you to hold before selling.

No one can ever tell when the price of bitcoin will increase and when the price of bitcoin will go to dumping. So I think before investing in bitcoin we need to think a lot before investing. We should invest when the price of bitcoin is dumping. But if the investment is at the right time, then the investor can make a profit and if the investment is not made at the right time, then he will not be able to make a profit.

If there are people who can tell when the price of bitcoin will go up, of course they will buy it when the price is low to get profits when the price is high, but in investing, of course, everyone has experienced gains and losses. Before making an investment, we must do an analysis first and must be prepared for losses if we are wrong in analyzing.

Wong Gendheng

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The usual thing is of course if the prediction is wrong, and in my opinion as long as we can be patient then everything will end with a smile, soon Halving Day will occur, even though the market looks difficult to pass $ 30k but I am optimistic that New Ath will occur before Halving Day, focus by continuing to buy.

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Quote from: Baofeng on July 30, 2023, 04:55:06 AM

Quote from: coolcoinz on July 25, 2023, 01:24:17 PM

Quote from: Kadal Ijo on June 06, 2023, 08:45:54 AM

Today surprised me because the price has dropped again and has the opportunity to drop below $ 25k, the prediction that the market will rise after March turns out to be wrong and this makes us have to be patient to hold it, I'm sure the market will rise soon and don't panic when facing a market like today.

That's because many people don't realize that bitcoin's price reacts to global economy. If the FED keeps increasing interest rates sooner or later stock traders will have to sell their assets and that includes bitcoin. That's what's been happening since 2022 and bitcoin managed to get back up after some bullish news, but the US government is obviously trying to counteract.
There's nothing wrong with bitcoin, so I'd treat any small dip as opportunity at this point.

In a sense, yeah, not just bitcoin but even stock market reacts to global economy. So if there is some sort of negative news, the price will react negatively, same as when their is some good news, the price is bound to pick up and least increased.

And I think since I joined the bitcoin market, or in the last 5-6 years, that's how the market reacts. Maybe right now it's just very evident as everyone is waiting for a news coming from FEDS and then hoping that it will be positive because for sure speculators are going to take advantage of it by selling early.

Last year the market reacted strongly to the Fed news, but this year things have been more stable, and I no longer see the news about interest rates affecting the market much. The most recent rate hike also didn't make bitcoin too volatile, we are waiting for other news, not what from the Fed. The cryptocurrency market is always like that, no one will be able to predict anything, other than waiting and preparing a plan for each case.

Baofeng

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Quote from: coolcoinz on July 25, 2023, 01:24:17 PM

Quote from: Kadal Ijo on June 06, 2023, 08:45:54 AM

Today surprised me because the price has dropped again and has the opportunity to drop below $ 25k, the prediction that the market will rise after March turns out to be wrong and this makes us have to be patient to hold it, I'm sure the market will rise soon and don't panic when facing a market like today.

That's because many people don't realize that bitcoin's price reacts to global economy. If the FED keeps increasing interest rates sooner or later stock traders will have to sell their assets and that includes bitcoin. That's what's been happening since 2022 and bitcoin managed to get back up after some bullish news, but the US government is obviously trying to counteract.
There's nothing wrong with bitcoin, so I'd treat any small dip as opportunity at this point.

In a sense, yeah, not just bitcoin but even stock market reacts to global economy. So if there is some sort of negative news, the price will react negatively, same as when their is some good news, the price is bound to pick up and least increased.

And I think since I joined the bitcoin market, or in the last 5-6 years, that's how the market reacts. Maybe right now it's just very evident as everyone is waiting for a news coming from FEDS and then hoping that it will be positive because for sure speculators are going to take advantage of it by selling early.

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Quote from: coolcoinz on July 25, 2023, 01:24:17 PM

Quote from: Kadal Ijo on June 06, 2023, 08:45:54 AM

Today surprised me because the price has dropped again and has the opportunity to drop below $ 25k, the prediction that the market will rise after March turns out to be wrong and this makes us have to be patient to hold it, I'm sure the market will rise soon and don't panic when facing a market like today.

That's because many people don't realize that bitcoin's price reacts to global economy. If the FED keeps increasing interest rates sooner or later stock traders will have to sell their assets and that includes bitcoin. That's what's been happening since 2022 and bitcoin managed to get back up after some bullish news, but the US government is obviously trying to counteract.
There's nothing wrong with bitcoin, so I'd treat any small dip as opportunity at this point.

You cant blame out people on having that kind of impression because wayback into those early days or years on which this crypto market isnt really that going in line or correlating with those traditional economic situations or

news on which they wont really that care at all because assuming that crypto market wont really be making out that reaction then its normal that there would be situations that would be missed out.
We know that it could really make things to stir out on making yourself on making decisions whether you would be buying or selling. Market is always been that unpredictable and there's no way on knowing
whether these fundamentals or news would affect out market condition or not.

This is why it would really be making out situation even more mind boggling and would really be stirring up your decisions specially if you have done some early analysis and preparations but
due to sudden changes then for sure you would really be having these thoughts.

coolcoinz

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Quote from: Kadal Ijo on June 06, 2023, 08:45:54 AM

Today surprised me because the price has dropped again and has the opportunity to drop below $ 25k, the prediction that the market will rise after March turns out to be wrong and this makes us have to be patient to hold it, I'm sure the market will rise soon and don't panic when facing a market like today.

That's because many people don't realize that bitcoin's price reacts to global economy. If the FED keeps increasing interest rates sooner or later stock traders will have to sell their assets and that includes bitcoin. That's what's been happening since 2022 and bitcoin managed to get back up after some bullish news, but the US government is obviously trying to counteract.
There's nothing wrong with bitcoin, so I'd treat any small dip as opportunity at this point.

Aanuoluwatofunmi

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I will say that it depends on how we start with our own way of study and speculations made on the bitcoin market, we understand that not everyone has the very potential needed to observe and figure out important features on their chart after long time speculation, for now we will always have the both sides which is to rise and fall of the bitcoin market more often and we may not settle for a particular rise or fall for too long, though i. A couple of days now, there have been signals indicating the market will fall but not going to last ling which was when we had the experience of $29,000 resistance more frequent than we had with $30,000 in this fee days, but nevertheless, we are moving gradually on both the dip and bull till we have a sustained pump to last more longer.

MFahad

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Prediction not only this season but is always difficult to do because price suddenly changes from up to lower and from lower to higher.

Most of the people Said hat price will go more up in coming days from 30k$ to 35k$ or 40k$ but unfortunately it become down to 29k$.

Although there is no guarantee yet that it will go more up or will reduces more may be again it touches the value above 30k$.

I think bitcoin will surely reach to 35k$ but as there are still five months remaining so everything can happen during these months which no one can predict easily.

Kadal Ijo

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Today surprised me because the price has dropped again and has the opportunity to drop below $ 25k, the prediction that the market will rise after March turns out to be wrong and this makes us have to be patient to hold it, I'm sure the market will rise soon and don't panic when facing a market like today.

AbuBhakar

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Quote from: Bitcoin2009 on June 05, 2023, 08:35:36 AM

Wrong predictions are things that make us disappointed, just like the end of 2021 when the price reached ATH I also bought when the price was around $ 58k, I predict that the price will continue to rise because there is a lot of positive news support on the internet such as the legalization of bitcoin in many countries so that it can reach $ 100k, unfortunately the prediction is wrong and I have to lose.

This is a common mistake of a newbie. You are looking at a shorter time frame that's why you have the courage to buy even when the current price is sitting on a huge green candle on a weekly or monthly time frame. There's no such thing as a continuous green candle in a longer time frame because there's always a seller that purchased on the bottom to take a profit. In the long run, Bitcoin will still recover the ATH but considering how the price history works. It will take another crypto cycle for that to happen.

Bitcoin2009

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Wrong predictions are things that make us disappointed, just like the end of 2021 when the price reached ATH I also bought when the price was around $ 58k, I predict that the price will continue to rise because there is a lot of positive news support on the internet such as the legalization of bitcoin in many countries so that it can reach $ 100k, unfortunately the prediction is wrong and I have to lose.

cryptomaniac_xxx

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Quote from: sana54210 on June 01, 2023, 03:35:00 PM

Quote from: Razmirraz on June 01, 2023, 10:11:03 AM

Quote from: Kadal Ijo on May 31, 2023, 01:00:07 AM

The prediction that the price will continue to rise was not proven, now the price is around $ 27k, maybe this is a sign that we should buy more so that we can get big profits when the market rises, and I think the best thing besides buying a lot is to hold long term or at least close when halving in March 2024.

We are still in the beginning of the 6th month of the year, $27k is not the best price at the moment but it is very good to collect Bitcoin at that price. There are still 6 months to go for Bitcoin to cross $30k and close the year at $40k. This sounds a little ridiculous because the price of Bitcoin could be even lower if the demand is less than the supply, but the four-year cycle needs to be prepared to earn multiple times the profit. Even though the price won't make you smile but it won't make you cry.

I do agree that it is something we should be looking at, I mean it is a great price to buy right now if you think that it will go up and I think it will go up. We are getting closer and closer each day to the halving, which means that it is going to be quite tough to change that, you need to just accept that it is going to happen and when it does the price will be higher than this, I am not even talking about afterwards, because afterwards it will go berzerk eventually but I am talking about when it happens, that means we will be higher than right now until the halving.

This is why it makes sense to buy some right now, so you could profit even before it happens, and a lot more profit after it happens as well, it definitely makes a lot of sense.

Still a long way though up to the halving event, at least more or less a year from now.

But if we are thinking about this event as the catalyst for the bull run because that's what history tells us, then we should start accumulating way before, but it's not too late if we can start now.

We don't want to be in the situation that we might regret our decisions not to accumulate because we think that the price will continue to go down and that we want a lower price. The lowest price for his year has been seen already at $15,500. That is the best time to pour our money and invest. But we can still do it today, with strategy like DCA and like buying in each every way we can.

IvugeoEvolutionCoin

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Quote from: SmartGold01 on June 01, 2023, 07:01:14 AM

Bitcoin price isn't what you could predict and it goes directly to how you predicted it, most times you may see it at some level were you may feel isn't pleasing yet still changes direction to positive sign. But for me I don't put hope on the price because I know that surely the price will still make another ATH, as an investor you weren't meant to panic rather work towards your period which you think is better for you to hold before selling.

No one can ever tell when the price of bitcoin will increase and when the price of bitcoin will go to dumping. So I think before investing in bitcoin we need to think a lot before investing. We should invest when the price of bitcoin is dumping. But if the investment is at the right time, then the investor can make a profit and if the investment is not made at the right time, then he will not be able to make a profit.

sana54210

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Quote from: Razmirraz on June 01, 2023, 10:11:03 AM

Quote from: Kadal Ijo on May 31, 2023, 01:00:07 AM

The prediction that the price will continue to rise was not proven, now the price is around $ 27k, maybe this is a sign that we should buy more so that we can get big profits when the market rises, and I think the best thing besides buying a lot is to hold long term or at least close when halving in March 2024.

We are still in the beginning of the 6th month of the year, $27k is not the best price at the moment but it is very good to collect Bitcoin at that price. There are still 6 months to go for Bitcoin to cross $30k and close the year at $40k. This sounds a little ridiculous because the price of Bitcoin could be even lower if the demand is less than the supply, but the four-year cycle needs to be prepared to earn multiple times the profit. Even though the price won't make you smile but it won't make you cry.

I do agree that it is something we should be looking at, I mean it is a great price to buy right now if you think that it will go up and I think it will go up. We are getting closer and closer each day to the halving, which means that it is going to be quite tough to change that, you need to just accept that it is going to happen and when it does the price will be higher than this, I am not even talking about afterwards, because afterwards it will go berzerk eventually but I am talking about when it happens, that means we will be higher than right now until the halving.

This is why it makes sense to buy some right now, so you could profit even before it happens, and a lot more profit after it happens as well, it definitely makes a lot of sense.

Razmirraz

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Quote from: Kadal Ijo on May 31, 2023, 01:00:07 AM

The prediction that the price will continue to rise was not proven, now the price is around $ 27k, maybe this is a sign that we should buy more so that we can get big profits when the market rises, and I think the best thing besides buying a lot is to hold long term or at least close when halving in March 2024.

We are still in the beginning of the 6th month of the year, $27k is not the best price at the moment but it is very good to collect Bitcoin at that price. There are still 6 months to go for Bitcoin to cross $30k and close the year at $40k. This sounds a little ridiculous because the price of Bitcoin could be even lower if the demand is less than the supply, but the four-year cycle needs to be prepared to earn multiple times the profit. Even though the price won't make you smile but it won't make you cry.

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