Bitcoin Forum

 I feel that we own ourselves the truth and Nothing but to tell ourselves the truth. i am Not a good trader but i have always been following the cryptomarket. ever since we experienced the Huge bull Market of December 2017/ January 2018. it has been waves and waves of a crypto bull market predictions by our professionals Here and there. even bloggers, you-tube channels and so on but yet, the reverse has been the case. the bitcoin market slump from 19k to 3.5k.
Totally an abysmal failure. if this business was organised and managed by a centralized body, i felt that it would has SHUT Down.  Billions was lost to scams and to some fast and sharp traders. 
Therefore,i will suggest for friends and Newbies here THAT Are yet to Master this Market to stay away from predictions because you will sincerely burn. you will definitely loose your Money.  Please Be smart, stay safe. Enjoy your Money while you have it.  8).

No wonder so many people will like to show there skills here predicting weekly bull runs without a proper DYOR. most of the replies we have here shows that so many predictions are just off head without any proof.

I think we should draw a lesson that is in the financial market, no one is the best strategy, only our own strategy is the best. I find that most traders often invest in the advice of billionaires without considering it. That has caused many traders to fail and we need to adjust on this. Please try to trade many times with small capital, we will realize many things and new investment philosophy.

First, there's no so called experts in this field, just like you and me, they're just speculators from the outside, so don't buy what they said, used your common sense. Second, it's obvious that those who are preaching a bull market has some motives behind, most of them have big clients to begin with, so obviously they want they client to make a lot of profits. Third, as a individual crypto investors, those so called "experts" wanted to see their portfolio grow so again, they need to predict that something big will happen so that they can book and maximize profits in the future.

Predictions make people buy and that makes this market more liquid specially on bear market.  The more users buying the more the whales knew someone is wiling to spend their money in crypto. When they send signals saying its going to be pumped the rest of us are buying but the smart ones are putting their sell order to profit more than $100.

I get with you, the principle of investment that must be noted is never to put all your money into one type of investment. Even though one investment looks better and tantalizing, you should not only put all your money and property into one investment asset. Set aside a portion of your money for other investments. Remember, the choice is yours.

It's not a definitely lost money, but it's a dangerous investments, actually Bitcoin was never intended as store of value, but because it's valuable, people like to make profit with it and start to speculate, for newbie it's the best to always cautious and don't make a huge investing if you don't know the market situation, it's wrong to stop people from investing but we need to make sure they know the risk before investing

As someone who has been around for 4 years, I'd say that bull runs aren't really the center of this ecosystem but the changes it might bring to what we currently have/use. Sure it isn't always sunny for the traders, but it somehow promotes a connotation that the crypto markets are nothing but cows that are always ready to be milked with cash which I think is wrong and may lead to empty pockets and heavy losses. Besides, if one is really a good trader, would he/she need a bull run in order to profit? I think not.

Abysmal failure? That is an exaggerated phrase.
I get it, you loss a lot. But dont blame the bitcoin price with it.
You made the decision, try to swallow it and learn from it.
Dont go way far into almost making FUD which will just hurt you again.
You are still within this community so I am betting you still have coins on your wallet. Bitcoin or altcoin, once bashed by FUD will end and you will go with it.

if people will consider predictions they will definitely loose their money, we all have the power of predict price but since those people who predict the price has a good background the people listen to them but in reality we also dont know when the bull market happen, as you said just invest wisely.

Not just with crypto, for the any market we should first focus on fundamental then only we should go for technical analysis. If you have gone for fundamental analysis of bitcoin markets then probably you will never find any frustrations because you must have gone for long term trading. Because, bitcoin is always good for long term perspective to make huge amount of profits.

If you had entered into these markets in last 12 months of time-frame then you would have been deeply disappointed. But, if you had entered in last 24 months then probably you must be in profits. Longer with the timeframe you will be considering, there will be plenty of chances to have bigger profits.

Moreover, bitcoin market is trading in some predetermined cycle. If you find time to learn those cyclic nature then you can probably find easy profits in short-term itself.

Predictions were made from the very beginning, not just after the sudden bull run during the end of 2017. I know some of the predictions given by the so called experts are totally absurd, but they have their reason (or at least shows the reason) for those prediction. It is just to show the positive attitude towards the market, people give such optimistic predictions.
Those are just predictions. They might happen or might not happen. The market is totally unpredictable and so people should not solely depend on those predictions when investing/trading.

especially when 50% of the forecast is bullish and 50% is bearish .. "the true is out there", in the candles!

It's normal for people to make predictions. And there's nothing wrong with people making predictions. It's you taking those predictions too serious. One other thing you should know is that the market doesn't always go as people predict them to be. In my experience, go long when everyone is panicking and short when everyone is fomoing.

It just really depends on every person if they want to believe in someone saying something about of the market. But i don't really want to believe in them saying, i just watch the market and compare if their analysis is something nearer to the outcome of the market. Observing first will safely take you to your next step if you are a trader.

We should never depend on the predictions, it is all about the possibilities and no guarantee to really happen or not. Having a good analysis is a must for every crypto users, it is what we should do. We cannot blame people's predictions when we got losses on investments or trading. They just give their views, the decision is on our hands.

Yes last year many youtuber and expert has prediction the price of Bitcoin will keep going up to $50k in the end of 2018, but the fact is far from it the price of Bitcoin come down to the new level low. Dont believe any prediction and use own analysis to make better decision and dont forget to learn more about risk management.

People just want the market to become more stable, that's why they are making more good prediction maybe because they want to earn more money or they need to recover their expenses. We can make a lot of this, but its not ok to depend on that since it is not proven and guaranteed. Always set your target price, be patient and stick with your plan, just keep on spreading good news about cryptocurrency.

Thats the same as saying : put you money into the banks and watch it grow at 5% interest rate per year YAY! So much money for me! LOL

If you cant take the risk dont enter into crypto at all. Thats what I preach. If you willing to tale the risk dont bitch about it when you lose money because you agreed to the first point. In my opinion people dont do their proper homework before jumping in to investing their money into several crypto assets. There are tons of coins to put your money into but if we short list them only 4-5 worthy altcoins and bitcoin are the only ones worth putting your money in. Rest are all the same, dump at the pump and exit.

What youtubers do is shill their altcoins - I try to tell everybody to stay away from paid marketing but few listen.

Exactly that is the plan behind all those speculations. they want to lure Newbies and impatience people  to the market  and get them to spend their money while they sold out to them and leave them hanging. A friend of mine is yet to recover from the 2017 bull market. he bought Bitcoin at 15k hoping that it will reach 30k double amount (greed), i advice him to sell off but he refused. till date, he believed i was the reason why he join the cryptocurrency and he hate me for that.i don;t blame him because he failed to follow instructions.

The higer the risk,  the lower the chances of winning.  Making investments in the cryptocurrency market is truly dangerous due to risks. For those newbies who are still new in the market, do not invest huge money because there is high possibility that you will lose your money.

This is really a very controversial issue. New traders always rely on FOMO and the words of those who succeed and invest under them. But new traders do not realize that it is a completely wrong strategy. they can create their own strategies and can make money, this is for sure. Warren Buffett has also failed many times and he has just got his own successful investment philosophy.

It's only dangerous if you over-invest, invest with borrowed money, or blindly invest just because "experts" told you it's a great investment.

If you stick to Bitcoin, don't fomo in during bull runs and just patiently wait for the right moment to enter, the risks are super low. In the end, there is a risk everywhere, even when it comes to the stock market, real estate, etc. You have to take risk to make money, but do it in a manner the risks is calculated and don't ever go all in.

I actually find it more risky to invest in US strocks right now than to invest in Bitcoin.

no one can guess exactly where the market is going, it's best to study on your own to know the market conditions well, don't be easily tempted by big results. ;D

The nature of cryptocurrency does not specify itself. Price can change to any direction at any moment regardless of the situation. So it is not right to blame someone. Last year after the big increase of Bitcoin all of us expected continuous increment, but panic prevailed all over us. Anyway I appreciate your advice to your friends and agree with your opinion. Waiting in side prevents loss.

That's how things go unfortunately. It's the same with cloud mining, where so many members here warn newbies about the risks and how it's NOT profitable, yet they invest in cloud mining anyway.

People need to get burned before they understand that cloud mining is wrong, some times even more than once. I'm glad that the amount of YouTubers shilling coins or platforms has decreased significantly last year.

The bear market made a lot of them delete their content and leave YouTube. I remember having read an article last year where the SEC would do more to combat them, which I very much welcome.

Stay away from Youtube channels and be very wary of the opinions of "professionals" and "experts." You can't depend on their predictions. Often times, these people are just trying to sell you snake oil. Other times, they get caught up in the hype, just like everyone else.

When it comes to investments, you need to do your own due diligence. You need to analyze the fundamentals like utility, future utility, supply/demand, emission rate, etc. Then learning TA can help, so you can optimize your entries and avoid long drawdown periods like 2018.

Any experienced trader could have told you that late 2017 and early 2018 were very dangerous times to buy into crypto.

We should preach the bulls markets, we just should not preach the so called "experts" since literally noone can see the future and this is a unregulated space where anything could happen at any time.

For example, no so called expert could have imagined craig selling 38 thousand bitcoins all at once which means there are still a ton of stuff people can't see and can happen at anytime, maybe there are people with much more than 38 thousand bitcoins out there and just as we thought we are going up they will sell it all at once and the price will drop significantly yet again. Hence, experts that say bull is coming is not something we should neither care nor preach, they are phony people who are trying to get their names heard. BUT we should preach bull markets and hope that it will come soon.

What really drives this market is predictions and rumors.  That is why we need at this particular moment that bitcoin is down and the market is in bad shape.  The professionals don't follow those predictions but wait for technical and fundamentals set up. However,  those that did not follow the game always lied up the funds for those that followed the rules of the games.

Do not believe to the people who called them expert and always giving predictions to their audiences. It is true that no one can see the future and the best way to avoid losses is we should not believe to the rumors and other predictions that are keep spreading in the market because most of it are not reliable information.

That's correct i also known that these peoples showing a strategies about there selves is all about attracting people on youtube to earn money if they have plenty of views but no longer on their strategy to perfectly can earn.

preaching has been done by many people in this forum, but in reality the bull run does not occur. what do you want to say again? some more reasons that we should discuss here?
everything seems useless.

Considering the risks that you will face in making investment is really important for you to get a high returns. There are many people who losses their money in making investment in cryptocurrency market because they didn't study and they didn't research about the investment that they doing. They didn't handle the risks that they are taking and that's why they lose their money.

The newbies fall for the confidence scam that these projects employ. They target the niche of new coiners and promote their project for huge gains. Its sad that the name of crypto is being smeared by such scum.

As long as that wannabe get rich quick attitude remains more and more people will get burned. Same happens in the ICO scams and since there is no regulation of such assets there is the rampancy of such events.

Agreed. The bear market had a good effect that such low-lifes took down their content but it will not be of anything good for those who lost money. As older members of this forum we must preach about the right and wrong to stop new members from falling prey of such scams.

I do not care wether we are in a bull run or not. Of course it is easier to make money during a bull run. That just a no brainer. Just buy, wait a little and then sell. But for me it does not matter. Even we are in a reverse bear market for over a year I made very good money during this period. Cause lot of people get scared by the bear market but forget that there can be a lot of money made even if the market is going down.

At this moment I even am doing a challenge here on the forum. I started trading 23 days ago with 100$. At this moment my balance already grew to 182$ which means I made 80% profits in less than 1 month. So why would we always need to beg and preach for a bull market if even in a bear market huge money can be made.

I do not think you should be so hopeless. Price manipulation is possible in all places and doing it with decentralized system may be easier and that is why price is so volatile. Today the downward movement of the price does not mean that it will always continue from this way.

there is not much of a preach going on in my opinion, it is more of a cry for help. ever since the dumps began and many newbies lost a lot of money specially when their altcoin bags lost about 90-95% of its value, they began their cries for a bull run. and that is one of the reasons why it is not happening by the way.
in any case, in my opinion if people truly believed in the future of something and the "bull run" then they wouldn't be preaching about it this much here. they would have silently started accumulating like what I am doing with bitcoin these days.

I don't think the word " expert " is right on this industry since there are no degree on people's longness here in the forum. There are just experienced ones but not an expert, they still uncertain here on this kind of market. It is really uncertain for all of us, and guess what we are all blinded on expected profit last 2018 and that brought us to slump. 2018 telling us not to rely on this kind of market.

Most of the predictions by many of here was just an speculations and we all knew that, none of their predictions is not accurate or precise. It is because we also know too that the market is very unpredictable matter in this field of business whether Bitcoin or crypto trading industry. 

all predictions proved wrong


People thought that the price would only go up to over $40,000, it was the glorious times and everyone did not mind buying bitcoin even if the price was $18,000. But the exaggerated optimism cost us very high losses


True


True



The ICOs were responsible for many scams


people should do research before investing in this market

Too many price predictions may be more a sign of insecurity than a sign we do believe in Bitcoin.
So no, preaching about price increase, bull markets and so on doesn't help us. We should show the facts and how we deal with the actual situation. We should show Bitcoin strong points and our reasons for believing in Bitcoin success. Anything else is shallow and.. insecure.

Some losses their money because of lack of knowledge. No need to be "professional" or "master" on this market to take advantage of the crypto trend.

They think putting money on crypto is an overnight quick rich scheme. Since 2017 hype leads into much positive speculations, those people just ride the trend without thinking all the risks associated on it.

And the result? Burned, Wrecked, Regrets and some thinks crypto is a wide scam. Although bear market that dominates the whole 2018 is not a good thing to happened for those who spend lots to buy cryptos at it's peak price, it really gives lesson and enlightment to those who just putting money easily without thinking.

With this idea, I don't think it will boost up the demand despite looking to market at it's worst trend. Even though it seems having nice thoughts about, the people cannot be easily gaining trust due to volatile market. Just remain calm and observe in a discreet way before digging up your profit, and one thing that's important here is you knew exactly how to prioritize holding your coins for future market price to rise higher.

If we ask random people here what the strongest points of Bitcoin are, they'll point out that the price is now low and you can make insane profits during the next bull run cycle. It's mostly all related to greed unfortunately.

That being said, it's not easy for the average person to be motivated enough in crypto as a whole when they enter at first, because it's the increasing price that made them enter crypto, and nothing else.

Bull cycles are basically this market's main way of attracting adoption. At first it's all speculative, and the smartest people will eventually turn into believers of the protocols, which is how I started as well.

Trading is a risky investments even do the expert are they get loses and I don't believe there have expert in this field of job, hands on and time quality to monitor the which coins can easily to give potential price increase is the best to earn profits in trading. For short cryptocurrency is unpredictable volatile fluctuations.

Honestly, I've come to the conclusion that there's no way around the "get rich quick" nature of the market. Bitcoin is a nascent, experimental technology and there are many unknowns about its future success and adoption. This is doubly true for altcoin, crypto security and ICO markets, which are even riskier. So these markets are incredibly volatile as a result. The kind of upside volatility seen in crypto (where a 10x gain is considered small) is bound to attract speculators looking to get rich quick. It's just inevitable.

That's why I always draw comparisons among things like Pirate40's Bitcoin Savings & Trust and Havelock Investments and the ICO mania of 2017. These are the same cycles of human greed playing out over and over. They're not going to end until many years or decades from now, when crypto is no longer seen as risky or speculative.

Ofcourse lot of people also have a prediction on every coins they have so they keeping it until they gonna earn but lot of their prediction is not happening and lossing their money by taking its risk.

You can't prevent people from predicting or speculating the future outcome of a cryptocurrency because it is been part of the trading. But believing or in the so called crypto analysts and relying on them is not good for your trading career. Cryptocurrencies are unpredictable because of their unstable prices andno one can exactly predict their future prices. I'd rather study the behaviors of cryptocurrencies and the whole market than relying on predictions of others.

Trading is risky no doubt about it but it is profitable for those who know how to do it. Most people have the false belief that some altcoin is going to come to number one. This conception is theoretically not possible due to many reasons that bitcoin has over any altcoin. Also altcoins are not worth putting money in when the founders are themselves big names in crypto (like Bcash shitcoin).

Next for those who want to stay away from the common fluctuations they can buy at the low and then hodl for a few years at least and then sell at a profit. That pretty simple enough but the tough thing is to decide when to buy and when to sell.

The bull market is too familiar to us. The market can drastically continue, but this does not mean that you can become desperate with that, believe it is what it has done. I go into its future instead of complaining about it every day.

This is the crypto, very cruel because indeed what is very dangerous is a bubble like this. People try to stay away and of course this is impossible because of the natural shape of the market. if there is a profit, of course there is a loss, do not expect everyone to get what they want without anyone having to lose

You shouldn't even rely on what others are saying not unless you can confirm what they have predicted. These Youtube channels, blogs, news articles are only creating their predictions to generate views and traffic for them to earn, some even profit from  you by subscribing to their premium predictions. These are just businesses, they don't care if their prediction is right or wrong as long as they profit from you. Also if the industry is controlled by the government we won't be seeing any price rallies we have compared to December 2017, everything will be much more stable as they control the market.

Those who people who making predictions are just pure lucks. There are many predictions last year that didn't happen so I can say that most of predictions are not reliable information.

lots of buying and selling perpetrators always predict a good increase but the actual situation is sometimes not in line with predictions, because the market increase is normal, do not be pessimistic about price movements that sometimes go down continuously, because the market sometimes experiences saturation and big traders always play with price, but for a trader to be good at responding to current prices, crypto currency is always an interesting thing to trade,

Thank you for your suggestion and is what I'm trying to do, this is hard time for us. Many people stay because have bigger faith but not with calculation but me keep stay because my asset stuck with bitcoin and eth. So far, I know people try to think hard about solutions but I realize market is really deep for recover. Try to go out and find alternative income, not good answer but we don't have many choice isn't?

In life we always have a choice, so definitely there's a lot of opportunity outside crypto, but the thing is crypto is life for majority of us, it seems this is the only option that they. can think of, sad to say. Again, if you feel not comfortable, look for other alternatives, or better yet, get a stable job so that in case bitcoin went on another crypto winter in the future, we all know what to do and we won't rely on crypto alone, just saying.

They are hoping that they will get a good outcome from entry that they've place, many traders are still positive and always looking for much healthier
market, the more we seen positive outlook the better we will attract new investors, we need not to stop advertising and attracting people to use this chain
it will be a good lift for the price to go high again, once the supply and demand go back on track the bull will begin to run again.

I think the bull market predictions should be for longer term. I understand that people may not like the "hodl" mentality and if you are a trader I can understand why you would want to get in and get out quickly however considering the way market is right now (and in the past year) we should also consider the fact that maybe in 2-3 years time this market will not look like this at all.

After all, we did had a fall before and we did increase insanely afterwards, remember for almost 8 years or so the highest price was 1400 dollars and we didn't break that for long long time until we had this 20 thousand dollar run, we didn't just reached 1500 to break the previous ATH, we reached 20 thousand dollars, over 10 times the previous ATH price.

Hence, there are still some of us who believe in the possibility that maybe one day we can reach back to that and go beyond that. We do keep preaching those days because that is the only time we can really get a huge result for our money, all other %10 or whatever increases or decreases are unimportant to us.

If that person answers that bitcoin is now in a low price you can already distinguish that he/she is new to the market. Bitcoin created a whole new level of coin due to core and pure speculation and so the price of it increased through time. I guess bull is not on its way right now, different approach on the market is a must for you to resist and make profit.

If you are trusting others means you are going to work for their benefits not for yourself because people in this world are more selfish than being generous to others.BTW its not huge bull market its Bearish market from December 2017 to until now.

You have a point, for beginners who always follow the predictions of others, it is better not to enter the crypto industry because everyone should know predictions are not always right. In my opinion cryptocurrency has a greater risk than other assets, losses and panic are not always about whales or manipulation, losses in my opinion mostly occur because investors and holders do not have competency for that, they easily panic, too easily affected by FUD and FOMO.

The thing you are talking about is called Greed. People always fall for it and eventually loose all the money they have. The crash of 2018 is a good example where many predicted that BTC will rise higher but as the crash started people started panicking. Many people didn't sell at the right time and now are holding bags filled with coins at higher prices. Never fall for greed and follow the strategy you planned and execute it to get the profits.
You might loose opportunity to earn more profits but the minor profits you make will eventually lead to bigger profits anyway.

Only an idiot will follow the predictions of other people. Real investors who have a little bit of brain still intact would do their own research before putting their money in. They would form them own opinions, good or bad before buying anything.

Exactly the reason why people should take their investments at their own risk and not rely on other. Being reliant on others lead to the panic when the prices drop. If that same person was genuinely interested in the future of the project they would look into its pros and cons and then only take their step. They would not get affected by FUD or get FOMOed.

Actually, We had our own choice of speculations here in the forum. Giving any information about the Bull run has a big impact to those who are bag holders. It gave encouragement and enlightenment for the others to buy more of the coin they are going to hold in the long run. But not all predictions by other here are accurately true most of them are not true only few them has a basis of why they gave that prediction as well.