Wrong Predictions as price keep failing! - page 5.

palle11

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Quote from: ivankoh on May 18, 2023, 12:11:27 PM

Quote from: aylabadia05 on May 17, 2023, 04:28:44 PM

Really, no expert gets his prediction right in making a prediction about the price of Bitcoin.

Yeh, Wrong prediction is not something too serious, we need to plan for possible situations in the prediction. we had an impressive Q1 and that will probably be the same in Q2. In May not have much support, good news for bitcoin but I think the trend is being decided, my expectations will be is June, bitcoin can break $35-40k

Somehow we are likely to see this front and back in the price of bitcoin but the price of $35-40k during the month of June maybe too soon to approach , June is just few weeks ahead and nothing highly spectacular is happening for now around btc so looking at 50/60 % increase till next month is actually high especially now that btc is not in a bull round but in correction and stability stage

Nrcewker

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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?

Why to make wild guesses? Do the proper research and find out yourself where will Bitcoin stand this year. If you see the previous graphs, then Bitcoins always touched the ATH price in every 4 years. And this year it is the 4th year to be honest. So yes high expectations are there that Bitcoins will surprise us with the price. These small price drops are just price corrections and we often seen these type of price corrections before big pump. So I would say don’t lose hope, let’s see where Bitcoins lands in August. Till that accumulate as many Bitcoins as you can.

fuguebtc

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Quote from: Fiatless on May 17, 2023, 01:26:02 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?

OP you said nobody's bitcoin price prediction has been accurate this year but you are predicting that the price will not get to $40k this year. I think you are contradicting yourself. I have stooped discussing Bitcoin with most people in my area because we have so many critics and skeptics. For me, the price of Bitcoin is unpredictable because the global economy is ever-dynamic. Nobody expected the war in Ukraine and the collapse of many exchanges last year. These two events affect the price of Bitcoin last year. This year I didn't expect that some major banks in the world will go bankrupt.

Nobody predicted the rise in the transaction fees of Bitcoin. We don't know the next economic event so we are just hopeful. Investing in Bitcoin is having confidence that it will overcome all economic problems that it will encounter.

Although no one has a crystal ball to predict the future or make solid predictions. But honestly, once you've invested, discussing future prices is inevitable, even though it may be pointless. I also usually don't like to make predictions about bitcoin prices because I'm sure that will never happen because the market doesn't move the way we think. But when I listen to people discuss, I can't just stand by and watch, but will make predictions from my point of view. For me, always being prepared for different situations, no matter how volatile the market is, there is nothing to panic about.

STT

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Still too hard to say but today was negative with BTC unable to beat 12 hour average pricing even, it looks weak. However thats short term and since YTD your friend would be most correct to state BTC has and remain positive, this is not lost or even obscured. All thats happened so far is the froth blew off which could even be said to be a good thing for visibility and stability longer term.
In summary we remain sideways, today negative but not enough of a consistent direction in either direction for 2 months now just keeps resolving to a similar price as its been before.

milewilda

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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?

For this type of market which is truly that speculative and something that cant be predicted then you would usually hear up these words;

1. $1M per coin for this year 2023 specially on that 90-day bet made
2. $80-100k this year
3. $10-12k this year

We would really be hearing out different words considering that this market is really composed of those bulls and bears whether you are a whale or average joe then those speculative
approach is something that very normal. There's no such thing about prediction to be 100% and it was called speculative market just because there's no way on knowing
on what would be its next movement and this what makes things even more harder to be dealing off with. This is why its always been that recommended and been reminded that
on the time that you do step your foot into this crypto space then you should really be prepared on dealing up with volatile and unpredictable prices.

ivankoh

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Quote from: aylabadia05 on May 17, 2023, 04:28:44 PM

Really, no expert gets his prediction right in making a prediction about the price of Bitcoin.

Yeh, Wrong prediction is not something too serious, we need to plan for possible situations in the prediction. we had an impressive Q1 and that will probably be the same in Q2. In May not have much support, good news for bitcoin but I think the trend is being decided, my expectations will be is June, bitcoin can break $35-40k

michellee

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After the $59k-$60k hike yesterday and the price not wanting to increase again, I just thought that this is the time for a correction to come in the Bitcoin market and I should be prepared to buy low. And after entering the new year, the price has dropped again, making me curious to what extent the price will bounce back.

And the price dropped to $ 17k yesterday and just started to bounce. After that, I see the highest price Bitcoin can reach is around $30k-$32k (if I'm not mistaken). Then the price dropped again and is still at $27k.

And that makes me think it will probably be hard to touch $40k for a while, even if it's still possible in the next few months. And if the Bitcoin price can return to above $ 30k by the end of this month or next month, there is a possibility that the Bitcoin price could be closer to $ 40k. But it may still be hard to touch $40k. And we can only patiently wait for it.

Reid

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It's a prediction, don't get serious about it. It's not like we really know where Bitcoin will go, its nature is being volatile so no one can really get the right price, or they may be some who did, but they didn't like sharing it.
As of now, let's just be happy that it's not getting as low as what happened on March of this year. It may not be able to hit $40k but at this bottom price, it is still a joy for those who are expecting a higher price and want to get the ROI as soon as they can. It's not that far and one good boost could probably hit a new bottom in the market.

Ndabagi01

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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 still plenty of time until the year ends, and I believe your prediction will be added to the list of incorrect predictions. Everyone will have different expectations of the market, but getting it correctly is not certain. We may provide a pricing range but not a precise price to be predicted correctly.

Government policies always have an impact on bitcoin, but this does not prevent its price from rising when it is set to. Good forecast you just made assuming the policy remains in effect till the end of the year, but if any of the regulations change to favor bitcoin, we'll surely see a boom in its price and it will this time exceed $40K as you predicted it won’t exceed.

aylabadia05

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

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?

Really, no expert gets his prediction right in making a prediction about the price of Bitcoin.
Investing is different from trading. Many discussions lead to trading and not investment, so it's natural that many panic and end up disappointed with prices.
Choosing an investment means keeping assets for a long period of time.

If Bitcoin is used as an investment then investors don't really care about the current price because they have a target.
That's where it's better to make Bitcoin a long-term investment than choosing another coin that is full of uncertainty.
So, be careful.

goaldigger

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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?

You’re talking about the price in January and since then the price pump and if your friend didn’t listen to you, I’m sure he makes a lot of money already. The market is unpredictable, same as Bitcoin you can’t expect an accurate prediction from anyone. I’m still bullish anyway with Bitcoin, this current correction are only temporary, I expect in the last quarter of 2023, the price of Bitcoin will pump again, doing DCA right now is a good strategy.

JoyMarsha

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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?

You stated that no one's predictions for bitcoin this season has work. So why make the forecast that bitcoin won't reach $40k when you already know that no one could have predicted the price of bitcoin and it worked?

Nobody can predict whether or not Bitcoin will reach $40k before the end of the year; So what investors are doing at the moment is to invest in bitcoin when it is low and hold onto it for the bull run. The majority of crypto investors are not, therefore, focused on the $40k bitcoin this year. By next year and upper year, they expect the price of bitcoin will increase than $40k

AnonBitCoiner

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Sometimes prediction become true and sometimes it does not work well so as you predict the price so its may be due to luck because in crypto market everything can happen and can change in a matter of seconds.

Everyone can predict the certain price but who knows that will this be accurate in future or not? 40k is not much greater value so BTC can easily achieve it but the exact timing is unknown, i think BTC will rise to 40k$ this year because now there are so many months remaining and all the possibilities can happen.

palle11

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Quote from: Semar Mesem on May 17, 2023, 02:15:15 AM

Predictions are of course a difficult thing, as investors we must have a profit target, if we invest in bitcoin then hold for at least a year then the opportunity for 100% profit can occur, don't panic easily because our predictions are wrong, as long as we can be patient then we can be successful and profitable in cryptocurrencies.

100% profit on investment is also as difficult as making accurate prediction. The best is to invest wisely and set an unrealistic target so that it doesn't dash your hope for profit taking. If greed is taking care of in the instance of investment then profit margin will be reached on time but many investors keep readjusting their target when they were supposed to go off.

lovesmayfamilis

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I enjoy reading threads like this. Whenever I meet a couch analyst like this, I ask myself what prompted the OP to create a thread like this.
OP, do you want to face us as a guru who has a crystal ball and predicts the future of Bitcoin?
You have chosen the wrong path, my friend.
As I have said in other threads before, it is better to talk about topics in which you are an expert and not exaggerate your merits. Whatever happens with Bitcoin, there will always be an "analyst" who will say that I knew about it and spoke about it.
In the meantime, you are the most common copyist, who, I hope, will leave the forum soon.
https://bitcointalksearch.org/topic/m.62256058

Husires

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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?

Some facts that you should take into consideration before you make a price prediction:

No one can give you a good forecast for Bitcoin in the long term (more than 6 months).
All we can predict is based on the analysis of previous data, and it will be wrong due to the current economic changes.

Therefore, he understood it, the person was a professional in trading, so all he will tell you is the possibility that prices will reach that level with a low level of certainty, and given that the price will face a strong resistance barrier at 30k, and we may not witness more interest rate hikes. The level of 40k is possible, but the price will not continue above That level long.

Semar Mesem

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Predictions are of course a difficult thing, as investors we must have a profit target, if we invest in bitcoin then hold for at least a year then the opportunity for 100% profit can occur, don't panic easily because our predictions are wrong, as long as we can be patient then we can be successful and profitable in cryptocurrencies.

Fiatless

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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?

OP you said nobody's bitcoin price prediction has been accurate this year but you are predicting that the price will not get to $40k this year. I think you are contradicting yourself. I have stooped discussing Bitcoin with most people in my area because we have so many critics and skeptics. For me, the price of Bitcoin is unpredictable because the global economy is ever-dynamic. Nobody expected the war in Ukraine and the collapse of many exchanges last year. These two events affect the price of Bitcoin last year. This year I didn't expect that some major banks in the world will go bankrupt.

Nobody predicted the rise in the transaction fees of Bitcoin. We don't know the next economic event so we are just hopeful. Investing in Bitcoin is having confidence that it will overcome all economic problems that it will encounter.

dansus021

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the prediction would be still a prediction something the prediction is right and sometimes it goes wrong. and based on your question are gonna see 40.000 this year the answer is all speculation it could be yes and it could be no.

By looking my chart the 40K is near but there is major resistance to hold that level I can't say can we go 40K unless the major resistance at 30-35K is broken. But one thing is sure that Today price is still above 200 EMA daily candle and the other indicator says is oversold

Sarah Azhari

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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?

We can't talk about the Bitcoin price if the fundamental understanding is still not good. I don't know you why told your friend even he doesn't know much about fundamentals?, If I were you, I'll be quiet, and won't argue with unnecessary things. it is simply a matter of trust, there won't be any problem if you trust Bitcoin. Let's say you have the correct prediction ( the price does not get to $40k), but, what is the benefit? did you just buy bitcoin this year and have plan to sell it on next year?. If not, I think you're just predicting without enjoying the benefits in what you said to your friends.

Topic: Wrong Predictions as price keep failing! - page 5. (Read 847 times)