Wrong Predictions as price keep failing! - page 2.

Aanuoluwatofunmi

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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.

Let's not get this wrong, there's no wrong or right prediction anywhere, we are all trying to just work close to been accurate with the level of our research and the use of the market indicators to predict on what is ahead the future or the possible outcome we might experience with the market after we have speculated from time to time, also if we consider that bitcoin is a volatile cryptocurrency and cannot remain on a spot for too long which means it's either it rises or falls.

SmartGold01

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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.

TheGreatPython

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Quote from: Reatim on May 29, 2023, 08:45:31 PM

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?

Risk is part of crypto investing , maybe on that instance you are correct but market is changing day by day same as the momentum , you can find it lowering till now but there is unexpected moment in this kind of volatile market.
if you are going to buy today then it is an advantage in the coming months because Halving as been seeing to take place anytime 3rd quarter of 2024.
with all those speculation who tells the truth or correct?
sorry but none of us right?
so buy now and reserve later.
let your friends have their moment because it is their money afterall right?

He has no problem with the risks. He is even confident that Bitcoin will not rise this year but I don't think he is correct with that prediction. We already saw some great pumps in the beginning of the year. The dumps that we experience lately is only small and nothing compared to what we gained last time. Cryptocurrencies are known to be volatile but there are times where they can became stable like what we are experiencing lately.

We are stuck in $27k for a long time now. Buying now is okay but this isn't only the time that can gave you an advantage in case the price pumps again. Buying last time or buying later on will still qualify you for it.

peter0425

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Quote from: asrinur on May 29, 2023, 12:21:32 PM

So far no one has been able to accurately predict the price of bitcoin. Even though many experts fail to predict the price of bitcoin with certainty. Therefore, the better thing we can do is continue to monitor market movements so that we can make decisions about when to buy and sell so that we can make a profit.

Lol that is why it is called prediction because we cannot tell what will come , and also those predictions are tend to divert others from putting into right perspective and that is how the market goes.
to become more healthy , someone needs to lose while others will earn.
that is investment is all about.

Ngemmeng

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Quote from: asrinur on May 29, 2023, 12:21:32 PM

So far no one has been able to accurately predict the price of bitcoin. Even though many experts fail to predict the price of bitcoin with certainty. Therefore, the better thing we can do is continue to monitor market movements so that we can make decisions about when to buy and sell so that we can make a profit.

experts will not be able to accurately predict bitcoin prices because experts only make predictions based on analysis while crypto market conditions can change very quickly. but to make a profit we don't have to predict bitcoin prices accurately because by predicting or reading bitcoin price trends we can make a profit.

Kadal Ijo

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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.

Wiwo

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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?

There is the possibility that this your prediction will still be among the wrong Bitcoin price predictions, this is because, Bitcoin still have the possibility of rising above the price you speculated because a 40k Bitcoin price is not unrealistic, and you should take that into account before you boast to your friends that your prediction has worked and the bitcoin price has remained below your speculated price, not forgetting that we still have almost six months to go in this year.

Rigon

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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?

Many have made many predictions about the Bitcoin market. However, my prediction is that in 2023 Bitcoin could reach a maximum of $35,000 to $40,000. But I can't predict higher prices in 2023. But the Bitcoin market will grow, maybe in 2024. By the time we halve in 2024, Bitcoin will probably be between $70,000 and $100,000. Here if we say that Bitcoin market will go from $70,000 to $100,000 in 2023 then it might be too much to expect.

Lanatsa

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Quote from: arimamib on May 30, 2023, 05:34:51 PM

Quote from: AmoreJaz on May 29, 2023, 06:30:44 PM

Quote from: arimamib on May 29, 2023, 06:13:49 PM

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?

$40k is very close, I think this year btc could pass $40k and we just have to wait to see it become a reality. Well, just like you, we always predict prices every year or every month because we are very interested in always discussing it every day or every hour. Indeed, sometimes it misses what we predicted, but know that bitcoin will be able to create new ATH and it will be very difficult to predict when this will happen.

Indeed there are some things that make bitcoin down be it fud from social media or negative things happen in the crypto market like the ftx collapse and terra luna crash but we hope that it doesn't happen again in the season to come.

prediction will be worthwhile if we will invest at the same time. if we do believe that sooner or later, the price will come up, why not stash some satoshis using spare money? so when such bullish time comes, you won't regret that you did nothing during those days where the price was down.
that's when people are having different approach on this market. anyone can speculate but not everyone are acting on their speculations. most of the time, all talks without action.

Of course we buy when we find the lowest point in our prediction because we are using the DCA strategy and it is profitable for us when the price goes down and simultaneously we can buy the dips that happen. Well, in theory this can be done by every trader and they only need reserve assets in stable coins that they have to guard against when the price falls but that's not the case where when the price drops they are afraid to enter and that's a wasted opportunity. I support what you said where one of the factors is that talking without action is stale and there should be more mature preparation in dealing with the current market situation.

The thing on here or the issue is that on the time that they would really be continuing to buy on the dip and if its already done on several times then this is where emotion would kicked in on which they would

really be having those thoughts that what if the price would go down even more? What if it is dying? What if it wont be recovering anymore? . For sure these are the type of questions would be popping out
on your mind on the time that you would be seeing the price do continue to go down. Price is something that couldnt really be predicted on where it would be going. You cant really tell on whats the bottom
and this is why you would be having that kind of hope and kind of perception that it would really be making out that kind of recovery but if you do really believe on such investment then
you wouldnt really be boggling up your mind on doing so since you are really that having the confidence but if its not 100% then you would really be having those doubts.

arimamib

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Quote from: AmoreJaz on May 29, 2023, 06:30:44 PM

Quote from: arimamib on May 29, 2023, 06:13:49 PM

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?

$40k is very close, I think this year btc could pass $40k and we just have to wait to see it become a reality. Well, just like you, we always predict prices every year or every month because we are very interested in always discussing it every day or every hour. Indeed, sometimes it misses what we predicted, but know that bitcoin will be able to create new ATH and it will be very difficult to predict when this will happen.

Indeed there are some things that make bitcoin down be it fud from social media or negative things happen in the crypto market like the ftx collapse and terra luna crash but we hope that it doesn't happen again in the season to come.

prediction will be worthwhile if we will invest at the same time. if we do believe that sooner or later, the price will come up, why not stash some satoshis using spare money? so when such bullish time comes, you won't regret that you did nothing during those days where the price was down.
that's when people are having different approach on this market. anyone can speculate but not everyone are acting on their speculations. most of the time, all talks without action.

Of course we buy when we find the lowest point in our prediction because we are using the DCA strategy and it is profitable for us when the price goes down and simultaneously we can buy the dips that happen. Well, in theory this can be done by every trader and they only need reserve assets in stable coins that they have to guard against when the price falls but that's not the case where when the price drops they are afraid to enter and that's a wasted opportunity. I support what you said where one of the factors is that talking without action is stale and there should be more mature preparation in dealing with the current market situation.

peter0425

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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?

Let them come to their senses mate and acknowledge your concern , sometimes for people to believe there is a need to commit mistakes and now that they find you correct.
sooner things will change and they will listen to you in the future , just hope that they never lose too big for them to quit crypto investing and blame the market for their foolishness .

Reatim

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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?

Risk is part of crypto investing , maybe on that instance you are correct but market is changing day by day same as the momentum , you can find it lowering till now but there is unexpected moment in this kind of volatile market.
if you are going to buy today then it is an advantage in the coming months because Halving as been seeing to take place anytime 3rd quarter of 2024.
with all those speculation who tells the truth or correct?
sorry but none of us right?
so buy now and reserve later.
let your friends have their moment because it is their money afterall right?

STT

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The prediction we will keep falling has fallen surely, its not that kind of action. No clear trend in either direction, more of a boundary enclosed price action movement. Again today between two prior lines of support we are trading. This is bullish action now near term despite not appearing much, the low just seen remains above the prior highs of the last fortnight. I think if main markets trade positively today it could be some measure to see if BTC can successfully challenge 28.5k

AmoreJaz

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Quote from: arimamib on May 29, 2023, 06:13:49 PM

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?

$40k is very close, I think this year btc could pass $40k and we just have to wait to see it become a reality. Well, just like you, we always predict prices every year or every month because we are very interested in always discussing it every day or every hour. Indeed, sometimes it misses what we predicted, but know that bitcoin will be able to create new ATH and it will be very difficult to predict when this will happen.

Indeed there are some things that make bitcoin down be it fud from social media or negative things happen in the crypto market like the ftx collapse and terra luna crash but we hope that it doesn't happen again in the season to come.

prediction will be worthwhile if we will invest at the same time. if we do believe that sooner or later, the price will come up, why not stash some satoshis using spare money? so when such bullish time comes, you won't regret that you did nothing during those days where the price was down.
that's when people are having different approach on this market. anyone can speculate but not everyone are acting on their speculations. most of the time, all talks without action.

arimamib

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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?

$40k is very close, I think this year btc could pass $40k and we just have to wait to see it become a reality. Well, just like you, we always predict prices every year or every month because we are very interested in always discussing it every day or every hour. Indeed, sometimes it misses what we predicted, but know that bitcoin will be able to create new ATH and it will be very difficult to predict when this will happen.

Indeed there are some things that make bitcoin down be it fud from social media or negative things happen in the crypto market like the ftx collapse and terra luna crash but we hope that it doesn't happen again in the season to come.

Questat

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Quote from: rhomelmabini on May 29, 2023, 04:38:09 PM

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?

Well, we're in a bear market and it will linger for months or even years before we get out of the accumulation phase. When Bitcoin struggling to reach new highs that is the time you should stack up more until we get in the bull run again. $40k is very unlikely for me too and I think we could see $30k-$20k area here to always play.

I couldn't expect as well to see the price of Bitcoin soaring high this year. It might be possible to reach $40k in the last quarter as the accumulation will be high due to that anticipation of halving but not to the extent that it turns bullish. I was already happy to see that situation where we can see it recover back and head away from $20k, it means that we really have the chance to see the market making another price record during the bull season.

And talking about predictions, that is literally not all went right, usually it is wrong - we have to think about the unpredictable market.

rhomelmabini

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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?

Well, we're in a bear market and it will linger for months or even years before we get out of the accumulation phase. When Bitcoin struggling to reach new highs that is the time you should stack up more until we get in the bull run again. $40k is very unlikely for me too and I think we could see $30k-$20k area here to always play.

indah rezqi

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Quote from: asrinur on May 29, 2023, 12:21:32 PM

So far no one has been able to accurately predict the price of bitcoin. Even though many experts fail to predict the price of bitcoin with certainty. Therefore, the better thing we can do is continue to monitor market movements so that we can make decisions about when to buy and sell so that we can make a profit.

I wouldn't mind that even if you're right. Predictions don't have to be correct and they don't have to be, but either way some forecasters will do their best to determine the correct time before they make their entry. So far the predictions generated from the analysis seem more useful than just making predictions by picking random numbers, especially for long term investments, the analysis is definitely useful.

In the last 24 hours the price of bitcoin is also still struggling to hold on to $28k after holding for a few hours. I'm not sure what the reason is other than that the selling pressure is still high, even bitcoin looks too easy to lose $1k in a few hours. I hope the price to hold above $28k and also break through $30k towards the end of May, so it should be an interesting pattern for 1 month TF.

jaberwock

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Quote from: asrinur on May 29, 2023, 12:21:32 PM

So far no one has been able to accurately predict the price of bitcoin. Even though many experts fail to predict the price of bitcoin with certainty. Therefore, the better thing we can do is continue to monitor market movements so that we can make decisions about when to buy and sell so that we can make a profit.

That's normal, bitcoin is a volatile currency and it will do whatever market tells it to do, if we sell it goes down and if we buy it goes up, it's as simple as it gets. However, we do not know if the community will buy or sell, we think they will sell and then they end up buying for some reason, we say they will buy and they sell for some reason. It's not easy to predict what a general population will do, it's very tough situation and definitely not something I would expect to be easy at all.

Too many people are seeing this situation as their chance to shine by making predictions and if they are the one who will be right a few times in a row then they could gain some influence, but nobody stays for too long, they all end up wrong eventually.

asrinur

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So far no one has been able to accurately predict the price of bitcoin. Even though many experts fail to predict the price of bitcoin with certainty. Therefore, the better thing we can do is continue to monitor market movements so that we can make decisions about when to buy and sell so that we can make a profit.

Topic: Wrong Predictions as price keep failing! - page 2. (Read 847 times)