Bitcoin Forum

Only with a small 17 percent hike since the last bottom of bitcoin, the market already begins to dust off its crystal balls to punish specialized media.

Those with more certainty and the most absurd predictions always win the most relevant headlines.

After all, nobody wants to give voice to those who are half right, full of doubts or with more questions than answers.

"I think ..." is worth much less than "I'm convinced and convinced that ...".

And in this sea of ​​certainties of dubious figures, those who buy this type of idea are the ones who suffer the most.

Because, even when they are certain theses, they have their doubts and it is through them that they change their direction along the way.

Those who have heard them can not grasp anything about their uncertainties and remain confident in the thesis with their eyes closed.

In this way, your best defense is to doubt everything, but especially of those who live with certainties.

It's up to you to follow only worthy people, with the growth of the crypto ecosystem more and more fluff will enter the space.

People in general hate uncertainty and they are always trying to find a way to figure out what will happen in the future even if we know that is impossible so whenever things are not going in the right direction they will try to look for someone to tell them what they want to hear, this is why even in the current bear market you see predictions of people that say that the bull market is going to appear before the end of the year even if there are only a few days left for that to happen.

There's no such thing as certainty when it come to trading markets.
You have to be neutral to make make appropriate decisions about them.
Emotion tends make us do really bad trades and certainty is one of them.

Absolutely true. Or maybe we should leave the many emotions and attachments to people who love to do HODL even in the face of many uncertainties and gloom. As for traders, no emotions whatsoever can be needed in making the right and profitable decisions. As of now, many are predicting "glowful" scenarios for 2019 that can happen with the cryptocurrency market and this is just a natural reaction pattern when the year is ending but as to what will really happen in 2019 nobody really knows. Well, all I say is that it is good to hope always but we also have to be prepared for the worst as things will always go down to the law of supply and demand.

At this time itbis always beat to proceed with caution take small profits and buy back. It is useless to refer anything to news or speculations. You maybe right at that point that people or investors tend to change coarse during uncertainty. All we can do is take risk innour own expense.

Best defense to doubt everything? including bitcoin?

Nah, you should doubt your doubts if you are starting to feel this way. You are not determined and firm with your plan as you invest to crypto's, this is going to be a long journey and its not just rich quick scheme unlike what people believed before.

And you most perhaps it is difficult to understand where the nonsense or the validity of forecasts. We are not the first day on the market and when a person says that Bitcoin will drop to 1k in the near future, we understand that this will happen with a very low probability. So turn on only the brain and not the emotions.

That's a speculation and everyone has a different opinion, it's just that the average of all is made without other reasons, data and analysis. Sadly there are many people who are easy to believe and get caught up in that speculation. A blind decision begins with ambition and greed which often causes us to lose.

If you best defense is doubt then how can you become mature and understand how to take advantages of uncertainty. Of course, people hate uncertain things specially in crypto market. But what can we do when everything is based on speculation? That's why we always say that this market is not for the faint of heart because in blink of an eye, everything changes. It's either you accept it with open arms and take advantages of it or just walk out.

IMHO too many prophets now in social media. We must choose system Risk/Profit ratio and follow it. Otherwise, your depo lost is a matter of time. 

It's a good lesson for life in general, not just crypto: question everything. Much of the media is biased, and everyone who writes anything has their own biases, whether consciously or not. And everyone is influenced by emotions, whether consciously or not. People often want the market to rise, and then try to use logic to convince themselves that this will be the case. Again, it is true for all areas of life, not just crypto.

Each decision is made very quickly when the market rises and falls because no one can predict what will happen to the coins. If you want to invest safely, it is best to trade and lock in profits every day as this will make you feel safer but if you want to risk it is advisable to choose long-term investment because this is an investment that will Bring a lot of profit to you

We know the market will change and always change from day by day. When we decide to invest, we also know that every investment should have a risk and we need to accept and don't deny. No matter how long your investment, if you can control your mind, you will get what you choose in the future. Trading could be a good choice, but you don't have to listen to many predictions because they are not always right and it's better to have your analysis.

Even nostradamus would be able to predict where this market is heading. One would expect the BAKKT to lift the markets, but then the stock market is crashing right now and confidence in the markets is low. I think we will see frequent ups and downs in the near future, but long term will be up

Doesn't seem that long ago when people were calling for bitcoin to be 50k at the end of 2018 :)

I will never take predictions for mainstream news sources like CNBC seriously.  If anything you should probably do the opposite of what they are telling you.  Buy when they say crypto is dead and sell when they are convincing everyone and their grandma to buy crypto.

I don't believe in prophets but i do believe in profits.

This is one of the investor’s postulates in the stock market. Your statement is true if the crypto market is similar to the stock market in this sense. And if not?

I think you are right we should not listen to anyone as most people and media is deceptive and they want to impose their own agenda based on their personal gains that is why i think we should take profits whenever we see decent profit offered and then take new position whenever seem favorable. We should not keep holding forever an year long downtrend has also taught us this lesson.

This is not the first time for this sort of downtrend in the crypto scape. That's just how markets work. You can't have a total free fall or people wouldn't invest. You're not going to have a total uptrend either. There's always going to be both good times and bad. I still believe Bitcoin will continue to go up over the next few years, and I hope that any of you that are holding long term continue to do so.

That is definitely a huge problem in this market, there is nothing wrong with having your own opinion about what the market is going to do but that doesn't make it a prediction, a prediction is based on a very detailed analysis about what's happening in the market and even if it's wrong at least it is based on facts, the problem is that many seem to think that their opinion is enough to make accurate predictions and that is not true.

Hey. I think that as soon as the cryptocurrency gained fame, the time of the prophets came.

I agree with your point of view. To avoid the sudden price change of the market, it is best to lock in profits during the day, not greedy. But it may be difficult to maintain this strategy in the long term if the trader does not control greed and lack of consistency. Nothing is perfect in this market.

Are you crazy, prophets will never came again so I am ready to start the bullish trend. Crypto environment is depends on country recognization so real prophet is banking sector. Because market fluctuation is depending on demand so traders are main player in this game. I hope next year is the right time for crypto hunters so wait and see the future result is right move.

There's mostly either permabulls and permabears. Very few people are actually giving good predictions.
The only person I can name that called the top was Jeff Berwick

All prophets failed us in 2018  ;D Mcafee, Draper, all the famous names.
Maybe it's actually the time of the Oracles now  ;D Might wanna check how Augur and Chainlink are doing

Every market cycle we will hear new names) All  will be telling you "I told you". The only question is why these people need to make predictions? Why just don't trade and become rich and forget about this)

The same big names will come back with their predictions as soon as the new bull run begins. They will say that their predictions were long-term and they work well, right at the time of the return to the next ATH. This is normal and repeated the same as the Bitcoin price cycle.

Everyone is looking for growth in empty news or upcoming events, such as new forks, which should increase the capitalization of all coins. The adoption of Ico or even cryptocurrency in certain countries, while nothing happens and large companies are waiting, and traders only persuade each other in the ideality of their choice.

I agree with you that those people who believes or follow those predictions had suffered the most. This is the common problem of those many newbies who came due to hype and they think that crypto is easy money. They easily believe on those pretending to be crypto experts who can predict the price and follow them in social media. The market had suffer too much due to being polluted with those people who don't understand the market which in reverse the whales had a full of pocket from those panic sellers. This is unpredictable and we should not rely on those predictions but we can research and decide base on the milestone of those project or currency that we going to invest.

Today, almost every user of cryptocurrency is trying to predict something, but this is only an opinion, and nothing to do with the real state of affairs. Based on this, you do not need to pay attention to idle chatter .

For any more or less competent investor, as well as a person who is actively working with cryptocurrency, it should be clear that blindly trusting to a loud headline, which the press is usually full of during some active events in financial markets - is at least silly, you should always have your opinion on any occasion.

People should not trade according to the news, they should trade according to the market situation or else they will end up losing more money in return. The news is being used by some whales to manipulate the market situation and people should not trust any of this but only rely on factual sources of news in any social media.