Bitcoin Forum

Economy => Speculation => Topic started by: Sexylizzy2813 on August 03, 2023, 10:35:15 PM



Title: Should we rely on prediction?
Post by: Sexylizzy2813 on August 03, 2023, 10:35:15 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.


Title: Re: Should we rely on prediction?
Post by: Oshosondy on August 03, 2023, 10:47:11 PM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
That we are going to see tomorrow is under probability. Everything in life is about probability.

I hope you will invest or you have invested in bitcoin so that you will not be one of the people that will say they have missed again. Bitcoin is going to over $100000 before 2026.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 03, 2023, 11:19:07 PM
I hope you will invest or you have invested in bitcoin so that you will not be one of the people that will say they have missed again. Bitcoin is going to over $100000 before 2026.

Should I say I'll think about it? Still finding it difficult to give it a try too soon, let's see how it will be like by the end of this year.
Now you have your own prediction, should I believe that by 2026 Bitcoin will get to $100,000? I can't say anything about that, my question is what are you saying about this year?
Hold on a minute did you just say by 2026, it's that a long time to wait?
Don't want investors to keep relying on this predictions unless they see it happening, if not it will be a heart break for them.


Title: Re: Should we rely on prediction?
Post by: TelolettOm on August 03, 2023, 11:41:32 PM
A forecast = prediction is a guess, we only estimate the probability of its occurrence in the future. Surely, everyone has their own prediction because they will predict it according to their own approach, their own point of view, and their own research. I'm not surprised if there are too many predictions made by people related to the potential price of Bitcoin in 2023, 2024, or 2025. However, I believe that the price in the next bullrun season (2025), the price should be above $69,000. We can count it based on the price history of each BTC ATH in the previous bullrun seasons.

The maximum BTC price yearly, according to the  link (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction):
Quote
2023    $31,000
2024    $31,000
2025    $53,000
2030    $100,000
It is very doubtful that the maximum price will be only around $31,000 for 2 years (2023-2024). And in 2025, how can the price will be $53,000, below its current ATH. If it happens, the BTC halving means to have less impact on the demand. As far as I know, BTC always created a new ATH every 4 years. It implies a bigger price in 2025, it should be above $68,000-$69,000.

BTC highest price every 4 year cycles
2010   $0.40 (starting)
2013   $1,163 (first bullrun)
2017   $19,892 (second bullrun)
2021   $68,789 (third bullrun)
2025    -------- (fourth bullrun)

Reference: https://bitcoinmagazine.com/guides/bitcoin-price-history


Title: Re: Should we rely on prediction?
Post by: PX-Z on August 03, 2023, 11:55:44 PM
A prediction is a prediction, a very volatile market cannot be relied on just a prediction, and you can't just make an analytical studies on particular market since no one knows what could its price in the next month due to its volatility behaviour. You just have to risk and invest what you can afford to lose when it comes to investment, because it can gain profits and take loses.


Title: Re: Should we rely on prediction?
Post by: Wiwo on August 03, 2023, 11:57:17 PM
Bitcoin future value is unpredictable and the highest spectators could do is to speculate the future price of Bitcoin without any form of accuracy, is normal for investors to be anxious about bitcoin future value since there are events line up  in the next coming months/years such as the bitcoin haven and the rest,  this events will push bitcoin price to rise significantly but when that price increase (ATH) will be is what is uncertain for all of us.

So the highest we can do right now is t only speculate the possible future price of Bitcoin,  and doing so,  it means we must beer I mind that there is a high chances that our predictions may not work according to how we except them to be and that is why,  holding Bitcoin should be done with a long term mentality to avoid any possible panic action whenever the opposites to our predictions happen I the market.


Title: Re: Should we rely on prediction?
Post by: SmartGold01 on August 03, 2023, 11:58:09 PM
This is the power of optimism because we can't say with genuineness that it must happened that is why it's called speculation or predictions, and a predictions is said to be used instead of "Could" as a word of no action or action that is Said to be 'Unrealistic' whether it may come to pass or not but we are not sure and can't give an account to act accordingly but one thing for sure, we keep hoping that's why lot of speculators are always optimistic about bitcoin price.

This is possible to predict but the assurance of the price to effect as what they had predicted is where the problems lays.There are series of tells about bitcoin price although same came to pass while some didn't yield any fruit to it because it doesn't work they way it was predicted.

Like few post above did said "Life himself is a probability" and the probability for an event to effect and take place is still Zero or One, as a learned investor or smart crypto enthusiast you should be able to hold knowing too well how the system independently operates even though we found it to be driven by information and possible some positive news although it could be negative news as well but it doesn't mean there will be no changes in the global cryptocurrency market.

That's why those who missing the track of the train always which for the train to find its way back the previous position so that they could hop in, to take their moved, that's why is always advisable to fill your bag as little as you can to be able to enjoy the free rides when the time comes.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 04, 2023, 12:12:57 AM
To all you have said, I believe that many people are waiting for when it (Bitcoin) will get to $60k around this year especially those investors. I don't know but all these predictions are just like a prank, is either you believe it or you accept reality.
The prediction we're talking about is still we humans that are giving it (anybody can come up and drop a prediction that before September Bitcoin will rise yo $35k) so is best to follow the price as it is like what we're seeing than wait for some kind of expectations.


Title: Re: Should we rely on prediction?
Post by: OgNasty on August 04, 2023, 12:48:39 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Math doesn’t lie. The halving is real and so is demand for Bitcoin. What exactly the price will be during the next peak I can’t say. It’s basically a guess. What I do feel good about saying though is that sometime in mid to late 2025 is when the peak will occur. If there isn’t any more shenanigans from FTX style frauds, it should be a blowoff top that will be very obvious when it happens.


Title: Re: Should we rely on prediction?
Post by: Asuspawer09 on August 04, 2023, 03:03:04 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

If you're going to think about it, all of it is just speculation, prediction, etc. There's no actual way to predict the market accurately so, I mean yes we believed in what Bitcoin can do, and probably believed that it is going to reach the market price of 100k$ but we aren't sure about that since we do not know what could happen in the future. I mean if world war III starts tomorrow are 100k$ on Bitcoin still going to be a thing, I really doubt that and I don't know if it is going to happen, since as we analyze in the last when people speculate because of the war the market price drop significantly.

A prediction is just a prediction so that wouldn't really make any impact, there was no proof of it that it is going to happen, If you invest in some meme coins, for example, you could predict that it's going to reach 1$ in the future like what happened to dogecoin but that didn't really happen. So I wouldn't rely on predictions, what you could do is analyze the market and the Bitcoin study technology, news, timelines, etc. then start to speculate. You could relay on facts and history, it was accurate but there was a proof.


Title: Re: Should we rely on prediction?
Post by: adaseb on August 04, 2023, 04:00:16 AM
People have been making predictions for years now for Bitcoin. Usually during a bull market we get crazy predictions by many celebrities and financial advisors, even banks.

The issue is that nobody knows what the actual price will be. No way you would or proved $69K would be the top or $20K in 2017. Anyone that claims they got it correct, was simply lucky.


Title: Re: Should we rely on prediction?
Post by: Kemarit on August 04, 2023, 04:43:29 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

It's just a wild and educated guess. Specially in a market that is very volatile such as bitcoin, predicting the price movement is very hard. And if you heard about the so called S2F model, which the majority (including myself), was a solid predicting model, and that everything goes on smooth until it didn't hit the $100,000 prediction last bull run.

So we should learn and accept the fact that everything is prediction here. And it's going to be a hit or miss even if they presented solid and strong facts a why the price will go this X in the next bull run.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 04, 2023, 05:17:57 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Math doesn’t lie. The halving is real and so is demand for Bitcoin. What exactly the price will be during the next peak I can’t say. It’s basically a guess. What I do feel good about saying though is that sometime in mid to late 2025 is when the peak will occur. If there isn’t any more shenanigans from FTX style frauds, it should be a blowoff top that will be very obvious when it happens.

You said mid to late 2025 is when the peak will occur, how certain are you that it will happen as you said or believe?
As of last year November ending before I joined the forum, it was said that Bitcoin will go higher than it is now I think between $30-$35 this year (I think), before second half of this year that it will get to that price but up till now it's struggling to even get to $32. That made me to only see it come to pass before buying that idea/prediction of happening and when I see such predictions again I just don't believe it will happen.


Title: Re: Should we rely on prediction?
Post by: GreatArkansas on August 04, 2023, 05:37:36 AM
That's why its called "prediction" because no one knows what will be the future price of Bitcoin.
And for me, if you are in cryptocurrency or any financial market, this is a normal and popular topic, which is price prediction.

Where most people will share their speculate on specific assets just like Bitcoin. So for me, never rely on prediction without any basis. Anyone can give any numbers.


Title: Re: Should we rely on prediction?
Post by: peter0425 on August 04, 2023, 06:57:42 AM
What can we expect in crypto world mate? this is what we need to accept here in our world , we have been dealing in crypto for how many years and yes speculation and prediction is our only weapon.
but at least we need to have analyzation and  dedication and of course , try to communicate with the community for better understanding.


Title: Re: Should we rely on prediction?
Post by: bitzizzix on August 04, 2023, 07:20:20 AM
Bitcoin is very volatile which is not easy to predict because price movements can be influenced by several factors that we never know before, and their predictions may have a point, but it is these factors that change it.
and for me going into bitcoin only takes faith, and also strong patience because of factors that sometimes make us stress and also panic. So this belief will strengthen us to continue to believe that bitcoin will go up in the long term because bitcoin is indeed a promising long-term investment, and I don't really believe in predictions because most of them don't meet expectations due to several factors.


Title: Re: Should we rely on prediction?
Post by: Husires on August 04, 2023, 08:15:03 AM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
And what are predictions supposed to be? A good prediction is an expectation based on observation and conclusion with historical factors, charts, technical analysis, or any rational way to reach an acceptable expectation. For example, saying that Bitcoin will return to 30,000 is an acceptable expectation, and saying that we will break the $100,000 is an acceptable expectation. , And to say that the price will be one million dollars is an unlikely prediction in the short term.

If we know with 100% certainty that the price will go to 100,000 after about 6 months, then we will all be rich, as we will sell our homes and everything we own, buy bitcoin, wait 6 months, and welcome more than 3 times the wealth in a short time, but it is uncertainty and risk that makes us invest With caution it makes for our valuable investment.


Title: Re: Should we rely on prediction?
Post by: $crypto$ on August 04, 2023, 09:00:58 AM
Relying on predictions will not be a problem for anyone it's just to estimate the price in a given year even free people want to do any prediction to guess the price of bitcoin later.

This article is quite interesting because the prediction is lower than usual, we see how other predictions with speculators are 100K more or even 170k in 2025 but people do have different opinions as if it is true if in their respective views, but I have my own prediction that after halving and being in 2025 then the price of bitcoin can be 100k.


Title: Re: Should we rely on prediction?
Post by: EarnOnVictor on August 04, 2023, 09:33:51 AM
I share your view, but still, there are accurate predictors, and if you follow them very, you might be surprised at the high level of the result. I've not seen this with Bitcoin though, but I still pride myself that all my analyses on this forum always work. This is not about preaching perfection, but to tell you that prediction works. But those who publish it online mostly publish rubbish, and you should still not expect any prediction to be perfect because the market is dynamic. Bitcoin has its flaws too, it could be so frustrating for trend predictors, unlike many assets I know. Can you imagine what it did in the past 11 days? So frustrating.

Bottomline: Choose carefully where you get your predictions, and you might be positively surprised.


Title: Re: Should we rely on prediction?
Post by: kingvirtus09 on August 04, 2023, 10:02:10 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Op, with all due respect to you, don't you know that last 2021 the ATH of bitcoin's value became if I'm not mistaken it reached 68k$, and after reaching that the value in the market continued to fall until now. Then the prediction is a prediction that can happen or. the prediction will not happen. That means it depends on each individual to believe. And I think many people are really hoping that 2024 or more will really plunge the value of Bitcoin in the market. But this is not an assurance that their prediction will actually happen.


Title: Re: Should we rely on prediction?
Post by: jasonjm on August 04, 2023, 10:27:04 AM
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.


Title: Re: Should we rely on prediction?
Post by: yudi09 on August 04, 2023, 10:28:11 AM
-snip-
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Good. It is a fact that we cannot rely on predictions that are uncertain. With the emergence of various predictions from analysts about the lowest and highest prices that will occur in bitcoin, this will be material for us to consider and not to make a decision.
You probably know very well that investing in good bitcoins is long term in the hope of expecting big returns.
The calculation of bitcoin prices based on history can be called certain, when today the price of bitcoin is below, one or two years the price can be above.


Title: Re: Should we rely on prediction?
Post by: FatFork on August 04, 2023, 11:10:03 AM
No, you shouldn't rely solely on predictions. We all know how unpredictable things can get in the crypto world! However, you can still make use of such predictions, especially when they come from reliable sources, to get a general impression of the market's trends and potential directions. Personally, I enjoy reading these predictions at times. They often contain bits of information that I wouldn't have known otherwise, and that can assist me in making better decisions. Of course, it all comes down to the information available to you, and as always, you should do your own research to make informed choices.


Title: Re: Should we rely on prediction?
Post by: michellee on August 04, 2023, 11:40:00 AM
They are all just predictions; we shouldn't believe in them because they can be wrong. We also don't know what will happen, so we better wait to see how it will turn out. But Bitcoin price will exceed $60k in the next bull run, whether it's in the middle or end of 2024 or even in 2025.

So don't get your hopes up with other people's predictions and stay focused on accumulating more Bitcoins from now on. We want to get big profits again from investing in Bitcoin so we don't have to care about other people's predictions. We just need to know about it and keep buying Bitcoin.

That is enough for us so that we will not be distracted by the many predictions of other people. We'll see who's prediction will be close to the real price and it's better if we already have a selling price target in the next bull run.


Title: Re: Should we rely on prediction?
Post by: lizarder on August 04, 2023, 11:51:38 AM
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. 
The relevance of the bitcoin price will touch $100,000 because it is based on the previous ATH, so many observers try to predict that the bitcoin price when it reaches the next ATH will exceed that price. Regarding the ATH prediction, it's not about whether it's accurate or not, but trying to match prices at the previous ATH with predictions for the next ATH price. Even weekly monthly or period predictions are not necessarily correct and I still remain optimistic that when bitcoin reaches the next ATH we will see a price of $100,000 or at least be close to that number.

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Predictions will form confidence for someone to be involved in investing even though the level of prediction accuracy may not be completely correct. The prediction is just a reference for us to see and compare previous prices, so there is a little picture of the price for each period.


Title: Re: Should we rely on prediction?
Post by: inthelongrun on August 04, 2023, 12:39:20 PM
What is your point OP? Are you something new or what? Of course, predictions are only predictions. Should we rely on predictions? Well, it depends on you. We all have our own biases.

And it's time to face the reality? We are already in reality. Would you just buy bitcoin without your own prediction or with the help of someone's prediction that makes you feel confident? It's crazy, this is nothing compared to just playing dice or other games in a casino that are fully dependent on luck. You got to have an educated prediction that supports your investment plan.


Title: Re: Should we rely on prediction?
Post by: Nrcewker on August 04, 2023, 12:46:19 PM
Who said to completely rely on these datas? Of course these are predictions and analysis done by many calculations and by seeing the performance history of the coin. If you ask me about the predictions then I would say definitely Bitcoins will go big next year. Bitcoins follow a 4 year cycle to achieve it’s new ATH price, hence this will create a hype among all the Bitcoin investors. So definitely we will see something big next year. Meanwhile now when the price is down just accumulate as many Bitcoins as you can.


Title: Re: Should we rely on prediction?
Post by: Latviand on August 04, 2023, 02:27:53 PM
Stupid question if I'm being honest. Relying on a prediction is the most retarded that you can do when you're trading, might as well withdraw that trading funds and bet on horse/dog races out there, you're more likely to win there by just relying on your prediction. Also, prediction doesn't take skill because anyone can do it and most likely your predictios would be biased so by that instance it becomes unreliable, speculation on the other hand, there's some reading on data and mathematics involved combined with prediction.

Relying on predictions will not be a problem for anyone it's just to estimate the price in a given year even free people want to do any prediction to guess the price of bitcoin later.
Yes it will be a problem because it's a literal leap in the unknown. For example, there's a hole that grants wishes but you don't know the chances, you will be throwing money there not knowing whether you will get the wish, it's the same with prediction, you hope that you're right blindly. People don't get their predictions right, no one has ever made it right even if they were close to the number that they've predicted, the only time that I would believe that someone is successful in prediction is when they're able to drop an exact number at the exact time.


Title: Re: Should we rely on prediction?
Post by: WatChe on August 04, 2023, 03:49:19 PM
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.

I remember when bitcoin touched its ATH in Dec 2017 then there were predictions that bitcoin will touch 100k in 2018 but it went down to 3.5k in Dec 2018.
When bitcoin year back touched 69k, the prediction was 100k coming next but here we are standing at 30k. The point is there is no prediction that has gone right till date about Bitcoin. So it's better stay away from such predictions rather DYOR.


Title: Re: Should we rely on prediction?
Post by: sokani on August 04, 2023, 05:08:32 PM
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
These are predictions and they are not always correct. I remembered watching a crypto channel video earlier this year on Youtube and the crypto guru did say that Bitcoin was going to get to the $40k market price between the middle of this year but it never happened. So I'm always unperturbed and I don't really care about what people say, I'm just hodling and waiting for the bull season. I think the persons that are more worried about the price movement are short term holders who depend on market sentiments to buy and sell.


Title: Re: Should we rely on prediction?
Post by: ShowOff on August 04, 2023, 05:28:10 PM
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.

Despite the price volatility, I think we will always have people doing analysis and predicting the price of bitcoin. They not only analyze the price up potential, but in fact many people also do the analysis of the price down. You and anyone else can take advantage of market volatility regardless of where the price moves, but of course only if you are able to do analysis instead of blind predictions.

So the conclusion might be like this; predictions cannot always be relied upon for investment, but if they are supported by good analysis, I think we can consider it. The problem is that you have to be responsible for investment decisions because other people's supposed predictions are not the financial advice they are supposed to be.


Title: Re: Should we rely on prediction?
Post by: Kelvinid on August 04, 2023, 07:19:59 PM

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Because we never know exactly what will happen next and what we did is predict the most possible thing to happen but guess what, due to the changing behavior of the market, therefore, all the predictions we had are meant to be wrong. And it was not hard to accept the reality because that is really how it looks like. Because if we were able to see the incoming, I don't think it was interesting anymore. That is why, all the things that happen around us, not just in crypto are unpredictable, so if someone will say that Bitcoin will reach $100k this year, that was his prediction, we can have different predictions for sure.


Title: Re: Should we rely on prediction?
Post by: salad daging on August 04, 2023, 07:27:29 PM
The predictions in the article contradict me, but they are just predictions, some right and some wrong, but never accurate.

We will not rely on deeper predictions because in reality this is not necessarily what we see in 2025, I also see how the bitcoin cycle after halving has to wait about a few months to the peak of ATH but the cycle in 2021 and 2025 will be different, even if the results do not match the desired expectations then do not be discouraged or feel disappointed.

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
If this scenario happens then actually we have gotten a 2x profit but that is not the desired expectation, if you are not satisfied with the price of bitcoin not touching $100K then it is better to HODL one of the best ways.


Title: Re: Should we rely on prediction?
Post by: Jating on August 04, 2023, 08:25:51 PM
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
These are predictions and they are not always correct. I remembered watching a crypto channel video earlier this year on Youtube and the crypto guru did say that Bitcoin was going to get to the $40k market price between the middle of this year but it never happened. So I'm always unperturbed and I don't really care about what people say, I'm just hodling and waiting for the bull season. I think the persons that are more worried about the price movement are short term holders who depend on market sentiments to buy and sell.

And with that, if there is at least one youtuber who can predict the price and see the future then he should be a crypto millionaire by now. But it is not the case, this crypto guru is nothing but just like the rest of us here. They are just using the platform for clickbait and obviously to monetized their streams or channels. We can also to that, to make predictions, read the graphs and formulate our own numbers.

So I will suggest to just stay away from this kind of youtubers. Even here in our community, there are a lot of good analyst as well, who right their technical analysis, laid down everything. But still it might be right or wrong. That's why it's better if we are here for the long haul, to just buy and HODL.


Title: Re: Should we rely on prediction?
Post by: Hamphser on August 04, 2023, 08:30:28 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
All of us would really be having that kind of speculative approach and there would be no exemptions on which we are all average joe's on here who do keep on guessing and speculating on what would be the price on here on which it would really be just that normal that there would be people who would really be analyzing or would make out those speculative approach when it comes to price whether it would turns out to be realistic or not on a certain point. Each person does have their own approach and beliefs on what they do have in mind. Some would be focusing on technical approach and some would really be focusing or minding about its fundamental approach on why they would really be able to give out those kind of numbers on which it isnt really that shocking that there are numbers which turns out to be non realistic at all.
This is a free community though and you do have the rights or having that freedom on what are the prices that you would really be predicting because no one really be able to know on how it would really be
ending up or would be able to reach out on a particular time frame or situation.


Title: Re: Should we rely on prediction?
Post by: goaldigger on August 04, 2023, 09:37:25 PM
Who said to completely rely on these datas? Of course these are predictions and analysis done by many calculations and by seeing the performance history of the coin. If you ask me about the predictions then I would say definitely Bitcoins will go big next year. Bitcoins follow a 4 year cycle to achieve it’s new ATH price, hence this will create a hype among all the Bitcoin investors. So definitely we will see something big next year. Meanwhile now when the price is down just accumulate as many Bitcoins as you can.
Predictions is just a predictions, and relying on that is fine as long as you are ready for the risk since that is the result of your own analysis I assume. Trading is all about predictions and using indicators can be a big help to make your predictions more realistic. There are reason for some why they are very bullish with Bitcoin and probably their analysis says it. We should be more realistic when it comes to setting your analysis and predictions so you wont be disappointed if the result is not in favor to you. The market is risky, and only those who can afford the risk can stay longer in the market.


Title: Re: Should we rely on prediction?
Post by: Alpha Marine on August 04, 2023, 09:46:30 PM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Everything is under probability. That's why it's called speculating. No matter how certain the analysis claim to be, it's still a prediction and a prediction is always a probability.

Whatever I say the price of BTC would be in the future is a prediction and it's still a probability.
The difference is, some predictions are made with proper analysis while others are made based on emotions and other factors that are not too accurate. Sometimes even an analysis may be wrong because there is so much uncertainty involved.


Title: Re: Should we rely on prediction?
Post by: eaLiTy on August 04, 2023, 10:15:08 PM
~
You said mid to late 2025 is when the peak will occur, how certain are you that it will happen as you said or believe?
As of last year November ending before I joined the forum, it was said that Bitcoin will go higher than it is now I think between $30-$35 this year (I think), before second half of this year that it will get to that price but up till now it's struggling to even get to $32.
The sole reason for that prediction from OgNasty is because of past history on how the price would react after every BTCitcoin halving. The next halving would take place by the second quarter 2024 and if history repeats itself then by 2025 we would see another rally that might probably touch another all time high.
It is highly unlikely that anyone would be able to predict the price movement in the short term and if anyone claims that they could they are probably lying ;).


Title: Re: Should we rely on prediction?
Post by: Quidat on August 04, 2023, 10:21:28 PM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Everything is under probability. That's why it's called speculating. No matter how certain the analysis claim to be, it's still a prediction and a prediction is always a probability.

Whatever I say the price of BTC would be in the future is a prediction and it's still a probability.
The difference is, some predictions are made with proper analysis while others are made based on emotions and other factors that are not too accurate. Sometimes even an analysis may be wrong because there is so much uncertainty involved.
It wont really be called a speculative market if the movement is already that predertermined or already been known and also all of us would really be that rich people since we could be able to predict and tell on what would be the price on next minute, hour,day,month on which we know that it cant really be that possible. Even into those traditional markets that we know, despite on having that lesser volatility but still it would really be making out that kind of boggling that on where the price would be might ending up on would really be fallen into. Relying on prediction? Its never been that ideal
but we do know that we dont really have no choice but to think off with those things and we do keep on speculating and trying out to apply with our trading decisions on which we know that it could
potentially be able to make whether those decisions are good or bad and it would really be a continous pricess. Learnings and realizations would really be along the way on which it is really just that a
normal approach and experiences that you would be able to face long the way.


Title: Re: Should we rely on prediction?
Post by: Mr.suevie on August 04, 2023, 10:56:44 PM
The majority of the predictions are never right. If you are relying on prediction to invest in the crypto market, you might end up losing what you have. When the market is pumping everyone starts predicting, but when the market is going down no one is there to analyse it except for a few.  Many were saying that BTC will be going to $100k in 2023, but here we are, seeing another correction.
Lol, but you are correct and this kind of prediction and speculation is what every crypto enthusiast is prone to because it what gives them hope and also believe that the market is strong and can never die off. The rise of the price of crypto is what gives everyone the mind to say whatever they want and during this time alot of crazy ass shit about the new ATH is being speculated and so many use the opportunity to buy Bitcoin because it's pumping and they expect to continue on his track so they buy and when it's all over they all just come back.


Title: Re: Should we rely on prediction?
Post by: Dr.Bitcoin_Strange on August 04, 2023, 11:50:01 PM
I think there are possibly about 100 different sites that are running price predictions not only for Bitcoin but for many other coins as well, and from most of those sites that I visited in the past, I haven't seen anyone putting out their predictions with all certainty. It's usually based on probability; they analyse the market, describe the possible direction the market could swing if it really crosses the resistance level, and use other signs to study the market chart. It's left to the investors to rely on predictions or not. Perhaps anyone can make predictions now; they can either be right or wrong. No one is in control of the market.


Title: Re: Should we rely on prediction?
Post by: LogitechMouse on August 05, 2023, 12:26:36 AM
~
Is there any other way that we can rely on?
Reading charts is also a type of prediction right? If it wasn't prediction then what we should rely on?

With a very volatile market like cryptocurrency, what we can do is to just rely on prediction. Some are saying that the probability of this price be reached by X year is also prediction. Probability is kind of connected to prediction. Some so-called analysts are predicting what will be the price of Bitcoin this year, and all of that has a probability to happen. Overall, there is no other way, but predict because we don't know what can happen. We are speculating the market, and we will be for a long time as long as the market is volatile.


Title: Re: Should we rely on prediction?
Post by: Oasisman on August 05, 2023, 04:00:04 AM

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

And it's also time for you to understand that bitcoin is a highly speculative asset, that means everyone of us here are just merely speculating including those that whom are called financial advisors and experts. Nobody knows what tomorrow comes, you can actually apply it in real life, because not every thing you've planned can be done tomorrow or two. But what separates someone who's just guessing their forecast to the one who really studied the market is that, market experts has data on the past price movements and fundamental news that has been affecting bitcoin ever since, while the other person are just simply guessing and that means the expert has higher probability of getting good results than the one who's just guessing. 


Title: Re: Should we rely on prediction?
Post by: BenCodie on August 05, 2023, 11:07:19 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

When you factor in how many combinations are available for the predictions that you can make before the end of 2024, just about every price at what time would be covered by at least one person. In that case, what prediction are you relying on exactly? If you were to collect the data and find the consensus decisions on what people are predicting, while also taking into account their past accuracy...maybe that data could be useful for your research, but it still shouldn't be the only thing that you take into account.

In terms of historic growth, it is declining after each cycle. If you want my prediction, it's that we will see $200,000 to $300,000 if the cycle repeats. What effect this will have on our world, and what governments/banks are willing to do to hold onto their precious fiat money scam, determine if it is a sustainable increase or not.

Whichever way it goes, the next 3 years are going to be extremely interesting for Bitcoin.



Title: Re: Should we rely on prediction?
Post by: Yamifoud on August 05, 2023, 01:46:30 PM
well for me? i use prediction as one tools for my decisioning but that doesnt mean that everything in predicting will be on because there are also coming from my own research and sighting each projet.
though in bitcoin? yeah I completely trust and i need nothing to explore more.
And we use to do that because that is the only thing we have in this unpredictable market - we all live in predicting the future and assume something to happen. But I would tell everyone that I was happy doing this because this help me to know more about Bitcoin as I recall the past events and price improvements. It was the fact that nobody is an expert on the future of Bitcoin and even if you are here in the crypto space since the beginning, you can't tell what really happen next, it was still a prediction.


Title: Re: Should we rely on prediction?
Post by: Unbunplease on August 05, 2023, 07:48:59 PM
 Forecasters make predictions both ways and then say they were right. If the price doesn't go down, it goes up; if it doesn't go up, it goes down. Soothsayers are not willing to answer for their predictions with their lives or property - so such predictions are worthless


Title: Re: Should we rely on prediction?
Post by: imamusma on August 05, 2023, 08:06:48 PM
The best investment that can be made is to do research and also do an analysis before entering into a purchase. You cannot rely on the predictions of other people including experts or anyone who is influential, it is still possible to get you lost because your financial strength and risk tolerance that you have are not the same as theirs.

Don't be influenced by predictions, but do an analysis to determine the potential that might be achieved by the assets you invest in the long term. Predictions will not be completely correct and predictions are also not financial advice that you can trust 100%.


Title: Re: Should we rely on prediction?
Post by: JoyMarsha on August 05, 2023, 09:03:27 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k.
As the Bitcoin halving date approaches, are you bringing the price of bitcoin to a downtrend movement instead a price increase? The halving season is in 2024, and it is anticipated that bitcoin's price would rise, staying at least above $25k and not dropping any lower. The bull run should begin in 2025, at which point bitcoin should reach a new all-time high (ATH) above $69k not by 2030. By 2030, bitcoin price should be above $69k by far. We should be thinking that bitcoin should reach $150k and above 

Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Given how volatile the crypto market is, we'll continue to occasionally see various price forecasts from crypto analysts forecasting what the price of bitcoin will be in the future. As the bitcoin halving happens every four years, crypto analysts will be predicting a higher price of bitcoin as the halving season seems to happen in the cryptosphere.


Title: Re: Should we rely on prediction?
Post by: Gozie51 on August 05, 2023, 09:21:42 PM
well for me? i use prediction as one tools for my decisioning but that doesnt mean that everything in predicting will be on because there are also coming from my own research and sighting each projet.
though in bitcoin? yeah I completely trust and i need nothing to explore more.

We still have to protect ourselves from over risking our investment in bitcoin. There are people who borrow money to invest in bitcoin but within the time to repay the loan, bitcoin is yet to bull and that will put them under severe pressure. As  much we want to take risk of investment, we also need to take caution not to invest all we have and won't be able to take care of other needs. We need to balance out investment so that other aspect of our lives won't lack or become deficient.


Title: Re: Should we rely on prediction?
Post by: BD Crypto on August 05, 2023, 09:53:29 PM
Prediction is like something we are hoping abd a good prediction must be logical. So logically we need to predict about the price of Bitcoin to claim our profits or to find a good investment point.

And we should not only rely on predictions but we should rely on a logical prediction. Observing past histories, adoption, usecases, future events and many more we can make a logical or a reliable prediction. So we should observe them too to make a proper prediction. And it varries person to person and we should also focus on latest news, new adoptions, it's legalization and many more factors. Then the probability of your prediction will be higher and potential. So never rely an a basic prediction.


Title: Re: Should we rely on prediction?
Post by: Hamphser on August 05, 2023, 10:59:52 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
We are all speculators on this market no matter what your status and popularity or reputation, we are still sharing up on the same condition on which there's no way that we could be able to tell on where prices would be able to go on a specific period of time.This is why its not really that ideal on making yourself get easily believed about those price prediction claims and it seems like it was a guaranteed thing. 

This is why it would be always that ideal that you should really know on doing your own analysis and be knowledgeable on what you are dealing off with because if you dont then you would most likely be getting to follow up on what these people would be coming out from their mouths and believe on what it is which it might result into some regrets later on on the time that the price prediction didnt really turn out to be true.

Market is volatile and unpredictable and we do have that fundamental and technical analysis on which we could really be able to rely on, despite of the randomness but still we could really be able to
assume and presume out on where these prices could be going because of these events and that will really be giving out that kind of probability on which we are really that aiming for.


Title: Re: Should we rely on prediction?
Post by: STT on August 05, 2023, 11:59:48 PM
Theres always a range of prices possible with various probabilities and its constantly changing, BTC doesnt even halt for the weekend or any holidays when all other markets do.   Statistics and probability is used in every industry sector from engineering to medicine for confidence to reliability of results known and expected further out.  Its perfectly valid in that respect to give a prediction without an absolute known result.


Title: Re: Should we rely on prediction?
Post by: Fakhrulenclix on August 06, 2023, 07:06:18 AM
Theres always a range of prices possible with various probabilities and its constantly changing, BTC doesnt even halt for the weekend or any holidays when all other markets do.   Statistics and probability is used in every industry sector from engineering to medicine for confidence to reliability of results known and expected further out.  Its perfectly valid in that respect to give a prediction without an absolute known result.
besides that it is also necessary to pay attention to several indications before predicting, I do not deny that predictions are really needed, but all of that starts from several indications that we pay attention to before predictions are born.
All possibilities are always there, especially since the price of Bitcoin is moving very quickly, of course predictions are very important for making choices in trading and investing.


Title: Re: Should we rely on prediction?
Post by: GeorgeJohn on August 06, 2023, 08:51:33 AM
Predictions of bitcoin is not dependable and it can never be dependable because the price of bitcoin always fluctuates and since the price is been determined by the market demands so its good to be dependable on the price prediction of someone. In normal circumstances whosoever that made a prediction of the market is just assuming because it's not sure of the price of bitcoin, so therefore bitcoin price is not what we can depend on its analysis by someone, you can only depend on the price due to your own observations and analysis in the market so that if the market goes wrong you will not portion blame to anyone, its obvious that the person giving out prediction is even comfortable with the prediction knowing that the price of bitcoin is on stagnant or on equilibrium.


Title: Re: Should we rely on prediction?
Post by: Pejoh Asu on August 06, 2023, 12:11:07 PM
Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.


Title: Re: Should we rely on prediction?
Post by: WatChe on August 06, 2023, 02:10:47 PM
Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.

There are lots of instances where predictions about price of bitcoin have gone wrong. From my own personal experience I have drawn a conclusion that there is no logic that drives the price of bitcoin. The price of Bitcoin goes up when it has to go up and vice versa. Its better to buy Bitcoin when its down and the HODL. Based on historical price chart Bitcoin price always goes up after bearish season. You just don't need to panic or lose patience while HODLing Bitcoin.


Title: Re: Should we rely on prediction?
Post by: Davian144 on August 06, 2023, 02:27:03 PM
Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.
Wrong in terms of price predictions is a very natural thing, especially if the prediction is for the price of Bitcoin which is basically never stable at a certain level in the long term. Apart from that, analysts or influencers on social media are also ordinary people who only have limited knowledge as a human being, so you have to be able to understand that their predictions are often inaccurate because if their predictions are very precise, it will make more people get rich quick through the direction of these analysts.


Title: Re: Should we rely on prediction?
Post by: ajiz138 on August 06, 2023, 05:05:29 PM
Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.
Wrong in terms of price predictions is a very natural thing, especially if the prediction is for the price of Bitcoin which is basically never stable at a certain level in the long term. Apart from that, analysts or influencers on social media are also ordinary people who only have limited knowledge as a human being, so you have to be able to understand that their predictions are often inaccurate because if their predictions are very precise, it will make more people get rich quick through the direction of these analysts.
People are free what they want in predicting bitcoin prices. Even if there is someone influential you can believe it or not.
We have to see according to the previous cycle this will not be much different in terms of increase after halving as for the 3x - 5x increase from ATH 69K it is still vague, if we as long-term bitcoin holders will experience how this price will be achieved or not.

I believe 100K, I believe 200K well all of that is just a prediction but we as holders will continue to HODL bitcoin until high.


Title: Re: Should we rely on prediction?
Post by: Adbitco on August 06, 2023, 05:31:46 PM
There is no doubt that it may happen or not following what people are saying may land someone into serious danger since what they are saying may not come exact to how it will be but with hope and trust seeing that from past years it has succeeded more than it should. Looking forward from where the price has reached before decline back to the current price may likely gives you the faith that surely it could come to pass but that is not true or certain as the Market filled with speculators. But from what they said for the market to see 25k or even follow the previous sequence is something unimaginable because from above history I have never seen bitcoin to follow up the past year sequence rather would create another all time high than the previous.


Title: Re: Should we rely on prediction?
Post by: AnonBitCoiner on August 06, 2023, 06:36:22 PM
Prediction sometimes demonstrates to be precise but most of the time prediction are not accurate and in the case of bitcoin everyone said that price will go more than 35k$ these days but unfortunately it again return back to 28k$ or 29k$ .

Some individuals make unlawful prediction regarding the price of bitcoin just for earning money but they don't know anything in real. Some specific events are accurate like that of halving which occurs after every four years of duration therefore such news also have useful impressions on price


Title: Re: Should we rely on prediction?
Post by: Beparanf on August 06, 2023, 07:03:18 PM
Prediction sometimes demonstrates to be precise but most of the time prediction are not accurate and in the case of bitcoin everyone said that price will go more than 35k$ these days but unfortunately it again return back to 28k$ or 29k$ .

There’s no accurate / consistent prediction. Someone might predict the price but there’s no way he can predict multiple times because technical analysis is just reading and analyzing previous data but there’s no guarantee that it’s connected with the future outcome since price is easily affected by news which no one can predict.

Most of the analysts is just predicting random numbers just to hype the market for their own personal interest. Price prediction shouldn’t be considered as reference to your personal trade. Always dyor.


Title: Re: Should we rely on prediction?
Post by: _BlackStar on August 06, 2023, 08:28:38 PM
-snip-
besides that it is also necessary to pay attention to several indications before predicting, I do not deny that predictions are really needed, but all of that starts from several indications that we pay attention to before predictions are born.
All possibilities are always there, especially since the price of Bitcoin is moving very quickly, of course predictions are very important for making choices in trading and investing.
Stop telling your tales - predictions are never mandatory and should not be able to determine your investment choices. I tend to suggest that you do analysis rather than predictions - that should influence your investment decisions and plans.

So I hope you understand - predictions don't matter, but they are part of the speculation for these out-of-control assets. Predictions don't determine anything - but may influence some people to believe in price potential without doing their own analysis.


Title: Re: Should we rely on prediction?
Post by: flyingcarpet on August 06, 2023, 08:28:47 PM
I hope you will invest or you have invested in bitcoin so that you will not be one of the people that will say they have missed again. Bitcoin is going to over $100000 before 2026.

Everyone has an estimate for Bitcoin. The most estimated price is 100k. I don't know how many years we will reach this price, but these times are still opportunities to buy Bitcoin.

We all have goals and we need to invest in order to achieve these goals. We should buy as many Bitcoins as we can before Bitcoin starts to rise. Otherwise, we may regret it.

I think we won't wait until 2026 for Bitcoin's 100k target. I think the effect of halving will bring a good increase in price.


Title: Re: Should we rely on prediction?
Post by: stomachgrowls on August 06, 2023, 08:39:54 PM
Prediction sometimes demonstrates to be precise but most of the time prediction are not accurate and in the case of bitcoin everyone said that price will go more than 35k$ these days but unfortunately it again return back to 28k$ or 29k$ .

There’s no accurate / consistent prediction. Someone might predict the price but there’s no way he can predict multiple times because technical analysis is just reading and analyzing previous data but there’s no guarantee that it’s connected with the future outcome since price is easily affected by news which no one can predict.

Most of the analysts is just predicting random numbers just to hype the market for their own personal interest. Price prediction shouldn’t be considered as reference to your personal trade. Always dyor.
We can only tell that our predictions were accurate if on the time that it would really be going along with those predictions but its true that there's no such thing about precision about predictions yet we do always have that

kind of speculative approach when it comes to things since we do know that its never been that possible on knowing on where the prices would really be moving. Should we rely on prediction or speculative approach?
There's no other option because if we dont then we wont really be able to make out predictions on which on where we do presume out on where it would really be possibly be able to go in speaking about movement
of price. When dealing up with this market then you would definitely be having that kind of approach on which it is really that somethings needs to make out adjustment.

We would really be doing or thriving our very best on sustaining this unpredictable space because if you dont then for sure you wouldnt really be able to make yourself that sustain
nor really that able to learn on what are supposed to be learnt up.


Title: Re: Should we rely on prediction?
Post by: inthelongrun on August 07, 2023, 05:39:10 AM
well for me? i use prediction as one tools for my decisioning but that doesnt mean that everything in predicting will be on because there are also coming from my own research and sighting each projet.
though in bitcoin? yeah I completely trust and i need nothing to explore more.

Exactly mate. I actually do not get the point of OP. It's said we need to be in reality. Lol! We are already in reality. And predictions are very important unless we are not interested in investing even outside of crypto.

We cannot just invest without our own predictions or other predictions that we felt confident of becoming a reality. We invest because we believe in a prediction. How dumb it would be to invest without a future outlook that it would grow over time. The stock market and other trading platforms won't exist if nobody is making predictions. Even in our ordinary lives, we have our own predictions like how we took our college courses because we believe it is beneficial to us in the future.


Title: Re: Should we rely on prediction?
Post by: Joshapat on August 07, 2023, 12:07:22 PM
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.


Title: Re: Should we rely on prediction?
Post by: Rupok on August 07, 2023, 12:24:09 PM
Already Bitcoin has recovered to 30K.  We can predict the next year by analyzing the current year but the year 2026 is still far away which is very difficult to predict. The analysis only reads and analyzes the previous data but there is no guarantee that it will reach the set value.  As there are many investors in Bitcoin, it is natural for investors to worry about the future price of Bitcoin. However, we are sure that the price of Bitcoin and its demand will increase day by day.


Title: Re: Should we rely on prediction?
Post by: Vaskiy on August 07, 2023, 05:12:12 PM
Predictions were part of the market speculation. Different price predictions will be put forth by the experts as well as common man citing different incidents connected with the cryptomarket. None will be sure on how precise will be the prediction. We can consider those as reference data and make our decisions. Price of bitcoin used to vary in large scale in no time and when happens different reasons were stated and we need to analyse and understand whether the mentioned reason is something possible and does it can make impact in the market.


Title: Re: Should we rely on prediction?
Post by: bitgolden on August 07, 2023, 05:55:40 PM
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
They do think that they can trust them but the reality is that most of the time it turns out they shouldn't have trusted them at all. That's the problem, people think they can trust others but most of the time they are trusting the wrong people with their investment and that is why they end up with a problem and there is nothing they could do about it neither.

I hope that people would realize that they shouldn't do that and could end up with a profit when they possibly could. I know that it is going to take a while but if they do what they should, then they wouldn't really end up with a problem later on. Just get bitcoin and hold it, if you are stuck on what to do, then simply buying bitcoin at this moment and holding for a few years should be enough.


Title: Re: Should we rely on prediction?
Post by: imamusma on August 07, 2023, 07:08:54 PM
Already Bitcoin has recovered to 30K.  We can predict the next year by analyzing the current year but the year 2026 is still far away which is very difficult to predict. The analysis only reads and analyzes the previous data but there is no guarantee that it will reach the set value.  As there are many investors in Bitcoin, it is natural for investors to worry about the future price of Bitcoin. However, we are sure that the price of Bitcoin and its demand will increase day by day.
Bitcoin may recover over time, even the price is expected to reach a new ATH in the future. Currently bitcoin has had some corrections since July, but I am grateful that until August 7th it did not down below $28k. You can predict, of course, predict prices and also make an analysis of potential prices, but never make those predictions your main criterion in a long-term investment plan. Even if you believe that your analysis will pay off in the long term, but never put 100% of your budget in one fell swoop (lump sum).

Minimize investment risk with your own strategy and experience especially due to price volatility, so it will be very useful to better build your portfolio as a long term holder. No one knows how much it will price for sure, which is why minimize your risk.


Title: Re: Should we rely on prediction?
Post by: erep on August 07, 2023, 08:24:43 PM
You can predict, of course, predict prices and also make an analysis of potential prices, but never make those predictions your main criterion in a long-term investment plan. Even if you believe that your analysis will pay off in the long term, but never put 100% of your budget in one fell swoop (lump sum).

Minimize investment risk with your own strategy and experience especially due to price volatility, so it will be very useful to better build your portfolio as a long term holder. No one knows how much it will price for sure, which is why minimize your risk.
Everyone has predictions with different patterns for long-term investments but we must have investment management to avoid high losses including prioritizing reserve funds to buy when prices are bearish, I have 25% reserve funds which will be added gradually to the portfolio if the market price drops below 25k, reserve funds will minimize the risk of crypto asset losses but we need to review market update news for consideration before using reserve funds, there are several factors that cause a decrease in market prices that must be avoided or it is not recommended to use reserve funds because the influence of these factors can cause prices to fall lower on subsequent market price movements. So always be careful in managing crypto investments and don't be influenced by other people's predictions.

The crypto market is very vulnerable to price volatility, so we must increase our investment strategy knowledge to reach an expert level to maximize crypto asset management, many new holders are not knowledgeable about investment management, causing panic over market movements and they are easily influenced by other people's predictions.


Title: Re: Should we rely on prediction?
Post by: Woodie on August 07, 2023, 09:04:11 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)
Predictions are normal, but unfortunately very few people are profitable in this trading business because it's difficult to know where the markets are headed and the fact that everybody is being bullish on what market is about to do says we aren't being honest enough with these predictions as there is no way price could head in one direction without going the otherside!

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Any pro trader will tell you that when it comes to trading,  for an outcome to to happen as anticipated it has a 50% chance and we can't always be right about these markets...so definitely it's a probability game!!


Title: Re: Should we rely on prediction?
Post by: GeorgeJohn on August 07, 2023, 09:18:04 PM
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
You don't have to follow someone predictions because predictions of bitcoin price can be given or rendered without making any research so therefore I believe whosoever that is making a research concerning bitcoin price have to be careful so that it will not mislead some people,  I believe that anybody can make it suggestions of bitcoin price, many people have depends on the someone predictions and later they didn't succeed or making profits, so it's good on your own to make your research by yourself and depends on your research over bitcoin price.


Title: Re: Should we rely on prediction?
Post by: edy_58 on August 08, 2023, 02:43:13 AM
You don't have to follow someone predictions because predictions of bitcoin price can be given or rendered without making any research so therefore I believe whosoever that is making a research concerning bitcoin price have to be careful so that it will not mislead some people,  I believe that anybody can make it suggestions of bitcoin price, many people have depends on the someone predictions and later they didn't succeed or making profits, so it's good on your own to make your research by yourself and depends on your research over bitcoin price.
Investing in bitcoin is of course very good for now, but at this time there are many people who make predictions that prices will improve in the future, of course this will be very good, I don't think we need to be influenced by people who mostly make predictions that prices will go up or down because if we want to get a lot of profit, of course, we have to choose our own path by finding the right information.


Title: Re: Should we rely on prediction?
Post by: lienfaye on August 08, 2023, 03:16:40 AM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
It's under probability that we should not rely on entirely since it is not accurate. Therefore why would you rely alone on other people's prediction if you can conduct your own research and analysis to know if their prediction has basis. There's nothing wrong if you follow these predictions but don't make a decision just because you're believing it can really happen.

Thus, invest based on your own knowledge and understanding on how far Bitcoin might reach in the future. So you won't miss the chance to fill your bag.


Title: Re: Should we rely on prediction?
Post by: tygeade on August 08, 2023, 09:45:54 AM
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. 
The relevance of the bitcoin price will touch $100,000 because it is based on the previous ATH, so many observers try to predict that the bitcoin price when it reaches the next ATH will exceed that price. Regarding the ATH prediction, it's not about whether it's accurate or not, but trying to match prices at the previous ATH with predictions for the next ATH price. Even weekly monthly or period predictions are not necessarily correct and I still remain optimistic that when bitcoin reaches the next ATH we will see a price of $100,000 or at least be close to that number.
I feel like if we could do like another x3 from previous to next, then it will be about 200k give or take. That should be more than enough if you ask me and I think it would be a reasonable expectation as well. I know that people are expecting a lot more, but the reality is that we are not going to get all that much more, that's the max I am expecting.

Because in 2017, it reached 20k and in 2021 it reached 68k, if we look at that increase then we can say that somewhere near 200k would be a realistic one. Doesn't mean it has to be like that, maybe I am wrong and it could change a lot more or even a lot less, but that's what I am expecting, it could be done. Which means we have a chance to make x7 profit in 2 years if we buy and hold.


Title: Re: Should we rely on prediction?
Post by: Majestic-milf on August 08, 2023, 10:38:38 AM
 It's not safe to rely on predictions alone since it most times doesn't work but at the same time, these predictions give the average investor a certain form of hope and coupled with previous ATHs, there's the belief that this year will be favorable. While we are optimistic about the price of Bitcoin spiking, considering we are just four months away from 2024, before investing, it would be best to DYOR.


Title: Re: Should we rely on prediction?
Post by: _BlackStar on August 08, 2023, 04:20:11 PM
-snip-
Everyone has predictions with different patterns for long-term investments but we must have investment management to avoid high losses including prioritizing reserve funds to buy when prices are bearish, I have 25% reserve funds which will be added gradually to the portfolio if the market price drops below 25k, reserve funds will minimize the risk of crypto asset losses but we need to review market update news for consideration before using reserve funds, there are several factors that cause a decrease in market prices that must be avoided or it is not recommended to use reserve funds because the influence of these factors can cause prices to fall lower on subsequent market price movements. So always be careful in managing crypto investments and don't be influenced by other people's predictions.

The crypto market is very vulnerable to price volatility, so we must increase our investment strategy knowledge to reach an expert level to maximize crypto asset management, many new holders are not knowledgeable about investment management, causing panic over market movements and they are easily influenced by other people's predictions.
In fact it is true that investment management is needed when you have an investment plan for the long term. Proper budget management can allow you to minimize potential losses caused by price volatility - also it can help you build a sound portfolio even when price volatility is not in your favor.

I understand your point even if someone believes in bitcoin price prediction from the analysis of other users. But remember - don't 100% believe any random prediction posted on social media or somewhere, it's not financial advice for you without your own analysis.

By the way - fix your signature code. There seems to be something wrong with it that it doesn't look like it should.


Title: Re: Should we rely on prediction?
Post by: Y3shot on August 08, 2023, 05:29:31 PM
I don't rely on prediction because they don't just happen like it is being predicted,  since I understand no one can predict bitcoin accurately I just make my mind to invest in bitcoin and wait till anytime the market increases in value I will take profit. Predicting the market and having too much expectation from the market can be dangerous sometime to do things that might affect the investment. It is better to just wait to see what the had to offer in the due time than predicting what may not eventually happen.


Title: Re: Should we rely on prediction?
Post by: Questat on August 08, 2023, 09:35:14 PM
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
Trusting someone you know is another thing and it was not wrong than relying on strangers. Many people think that some predictions can be right but the truth is that all of them are 100% maybe, just possibly be a close one.
So asking if we should rely on predictions. Well, we have no option but to accept that we live in this kind of market and we are forced to do that. As long as we have some basis for our prediction, even though it was not 100% accurate, at least we have an idea what is the direction of our investment.


Title: Re: Should we rely on prediction?
Post by: Marykeller on August 08, 2023, 10:23:52 PM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Prediction it is, prediction will it end to be, nothing serious. We may all go ahead and make our own predictions about the price of bitcoin. One thing is certain, though that Bitcoin will ultimately give whatever price it chooses at the end of the month or year.

Did any of us properly anticipate that Bitcoin would soar to $68,789 by the end of the previous bull run, which took place in 2021? I think not. 

The same thing, in my opinion, will occur both this year and the following year. Nobody among us will be able to accurately anticipate the price of bitcoin. We can only be making rational guessing while also failing.


Title: Re: Should we rely on prediction?
Post by: Lanatsa on August 08, 2023, 10:53:06 PM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Prediction it is, prediction will it end to be, nothing serious. We may all go ahead and make our own predictions about the price of bitcoin. One thing is certain, though that Bitcoin will ultimately give whatever price it chooses at the end of the month or year.

Did any of us properly anticipate that Bitcoin would soar to $68,789 by the end of the previous bull run, which took place in 2021? I think not. 

The same thing, in my opinion, will occur both this year and the following year. Nobody among us will be able to accurately anticipate the price of bitcoin. We can only be making rational guessing while also failing.
Bare in mind that no matter how rich or poor you are, no matter how known/reputable or nobody you are. We are all just the same into this market on which we are just that speculators on which there's no one would

be able to tell or would be able to know on where the market would be going.It is really just that there are people who are tending to be claiming that they do really have that kind of predictions which could really be  that having a huge winning or profitable trade or result on which its never been ideal that you should really believe with these kind or type of bullshit thing. Whenever you do have decided on making yourself that
dealing or investing on this market then it is really just that a best approach that you should really be relying with your own methods or ways on dealing with the market.

Never ever make yourself relying into those approach or insights of other people.Its not bad though on snipping out some slight ideas or analysis but not totally be following or would really be copying theirs.
Better stick with your own methods and ways which on this way you would really be making yourself way more better.


Title: Re: Should we rely on prediction?
Post by: Kadal Ijo on August 09, 2023, 03:16:21 PM
If we are used to and know bitcoin for at least 2 years then we are familiar with bitcoin patterns and trends, when it was still early of course many people relied on buying or selling based on predictions from experts, and after knowing 2 years and having profit or loss of course we know the best thing without relying on predictions.


Title: Re: Should we rely on prediction?
Post by: lizarder on August 09, 2023, 05:07:15 PM
Many users often follow predictions from people they think they can trust, the presence of social media makes anyone look like an expert and can provide accurate predictions, but I believe that predictions can of course be wrong due to many factors, and we as users only believe that prices will continues to rise because of the natural laws of the market, namely demand and supply.
Basically a prediction is a reference as a basis for seeing price potential, but does not reflect the final result at the true level of truth because talking about speculative. And vice versa, by following predictions from people you can trust, but never make these predictions as a guideline before trying to use your own instincts to find out. Use separate analysis and create a roadmap of previous prices, so that we can see potential price movements by matching them.

The process of demand and supply is a condition that will affect prices and this is different from predictions. The process of demand and supply is not caused by natural law but this is economic law because there is a buying and selling process in it. Therefore we have to distinguish natural law from economic law (demand and supply), at least that's the role of the economy in playing the price for a product.


Title: Re: Should we rely on prediction?
Post by: Weawant on August 09, 2023, 05:43:40 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

We invest in Bitcoin because we're expecting future profits and for those profits to come true the price has to increase passed its current price back when we invested. The predictions are the tools that guide us to invest into bitcoin but we shouldn't expect it to be accurate.

There are some predictions that are ridiculous and when you see them you should be able to understand that those making those prediction don't believe the price can get to their target in the timeframe they used but just looking to create hype in the market for a pump.

We have to be realistic with our prediction or speculation because with been realistic we won't be disappointed when Bitcoin doesn't get to the price we predicted. Bitcoin can reach a new all time high above $100,000 but saying it'll pass a million dollars is impossible for now.


Title: Re: Should we rely on prediction?
Post by: Webetcoins on August 09, 2023, 09:03:20 PM
It's not gambling that is negative, but it's the addiction that is. I don't think anyone calls gambling negative or they say it shouldn't exist, people just blame those who get addicted to gambling and lose everything they have to it. Do you think that a casino won't run if there aren't addicted gamblers? Of course, it would, because there will always be gamblers who will gamble but maybe they won't spend everything they have in it because they are not addicted to it.

So, casinos can still operate and be profitable and be able to pay taxes and duties and whatever the government has imposed on them even if they don't have any addicted gamblers. So, the problem lies in the addiction that some people get themselves into and not the casinos or gambling in general.


Title: Re: Should we rely on prediction?
Post by: Noctis Connor on August 10, 2023, 06:16:20 AM
As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.


Title: Re: Should we rely on prediction?
Post by: lixer on August 10, 2023, 05:22:10 PM
~
Is there any other way that we can rely on?
Reading charts is also a type of prediction right? If it wasn't prediction then what we should rely on?

With a very volatile market like cryptocurrency, what we can do is to just rely on prediction. Some are saying that the probability of this price be reached by X year is also prediction. Probability is kind of connected to prediction. Some so-called analysts are predicting what will be the price of Bitcoin this year, and all of that has a probability to happen. Overall, there is no other way, but predict because we don't know what can happen. We are speculating the market, and we will be for a long time as long as the market is volatile.
You're right but reading charts are better. It's like a smart way to predict because we based on something than randomly calling numbers out of our head. There is a lot of uncertainties in the market. The only thing that we can do is to rely on our own ability and to the coin that we choose. Remember, no risk no gain. Predicting is part of our lives already. It makes the game more exciting.

As long as our predictions is still in range, there is always a probability for it to happen. Volatility in crypto is fixed but it's up to us if we will stay here or not. Predicting is also optional. As long as you have a patience and you choose a good coin. You will still earn.


Title: Re: Should we rely on prediction?
Post by: bitgolden on August 10, 2023, 07:42:40 PM
As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.
That is true and I bet that it will happen like that without a doubt. I think it should be remembered that it will be not so easy to get it started but when it starts to go up in a huge bull run around those times, it will be quite difficult to stop it as well.

This is why it's important to be at the right place at the right time. If you end up buying anywhere near this 30k level price, and wait for it to go there, it will be just a year or two of waiting but you are going to see the price get to a point you wouldn't believe. In fact, you will want to sell because it's so high and you will see it keep going higher and decide to hold a little longer, it will keep doing that for a long time without a doubt.


Title: Re: Should we rely on prediction?
Post by: kentrolla on August 10, 2023, 07:50:35 PM
As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

You are right, relying on prediction is a foolish thing as we have to check the historic trend of bull and bearish run to understand the pattern because once the bull run starts every random guy becomes crypto experts and throws random predictions. We should rather follow the market trend and act accordingly. Most of us lose money because we buy at peak due to FOMO and sell it at low due to FUDS.


Title: Re: Should we rely on prediction?
Post by: stomachgrowls on August 10, 2023, 08:11:29 PM
~
Is there any other way that we can rely on?
Reading charts is also a type of prediction right? If it wasn't prediction then what we should rely on?

With a very volatile market like cryptocurrency, what we can do is to just rely on prediction. Some are saying that the probability of this price be reached by X year is also prediction. Probability is kind of connected to prediction. Some so-called analysts are predicting what will be the price of Bitcoin this year, and all of that has a probability to happen. Overall, there is no other way, but predict because we don't know what can happen. We are speculating the market, and we will be for a long time as long as the market is volatile.
You're right but reading charts are better. It's like a smart way to predict because we based on something than randomly calling numbers out of our head. There is a lot of uncertainties in the market. The only thing that we can do is to rely on our own ability and to the coin that we choose. Remember, no risk no gain. Predicting is part of our lives already. It makes the game more exciting.

As long as our predictions is still in range, there is always a probability for it to happen. Volatility in crypto is fixed but it's up to us if we will stay here or not. Predicting is also optional. As long as you have a patience and you choose a good coin. You will still earn.
Nothing beats out if you are that following on something or making out some analysis from those charts rather than on making up some number prediction without any basis or analysis on which it is really that something not

that surprising from other people when it comes on how they do take or on how they do deal up with this market. Some will really be just using up this kind of method and there are some who are really that going in line on what are the must thing to be done. In having or dealing with this speculative market then its normal that we will really be having that speculative approach and this is why we do have tons of predictions that circles or pop out in the market neither do came from those professionals or known person or people or to those people who do randomly giving out their own opinion basing up with their own insights and perspective which its
never been wise if you are really that trying out to absorbed or would really be that relying into it.

Make your own predictions which do came from your own understanding and learning out of this market.Stick with those basic principles or approach on which it is really giving out that realistic thing rather
than on completely randomly generating out ideas came from nowhere.


Title: Re: Should we rely on prediction?
Post by: serjent05 on August 10, 2023, 10:48:28 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

We can make prediction as reference but we should not rely on them completely.  Remember predictions are just guesses and since no one knows what will happen in the future, it is obvious that there is a huge possibility that this predictions will not happen.

We must keep ourselves updated on the price and the news instead of relying on the predictions.


Title: Re: Should we rely on prediction?
Post by: OgNasty on August 10, 2023, 11:01:37 PM
When it’s all over I think whether you were successful or not in whatever you are attempting to do, the most important thing will be that you followed your own predictions. If you follow someone else’s predictions and they turn out to be wrong, you will have anger towards them. If you follow yourself and fail, you can at least know you did what you believed was right.


Title: Re: Should we rely on prediction?
Post by: TelolettOm on August 10, 2023, 11:49:21 PM
If we are used to and know bitcoin for at least 2 years then we are familiar with bitcoin patterns and trends, when it was still early of course many people relied on buying or selling based on predictions from experts, and after knowing 2 years and having profit or loss of course we know the best thing without relying on predictions.
2 years is surely enough time to understand the market. I agree that people who already joined Bitcoin for 2 years, can make their own predictions. It is better to not rely on the predictions from others, including experts or experienced people. Actually, every one must know how to analyze the market or crypto prices, it is not impossible if everyone wants to learn carefully and seriously. However, if the people are lazy to learn, they may not predict properly although they are already 2 years in crypto.

As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin.
If you are focusing on 4 years cycle, it is not for trading but for investment.
Sure, for the investors, they always wait for 4 years cycle. And it is already proven for some years. Considering the cycle, bullrun season probably happens in 2025 because the first bearish year is in 2022. While for a trader, he doesn't need to wait for bullrun season to take profits.



Title: Re: Should we rely on prediction?
Post by: justdimin on August 12, 2023, 10:42:05 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
What else could we rely on. I mean even the indicators and charts and TA all of them could be considered predictions. There is nothing else than predictions, people think that if they have some data that backs up their prediction then it's not prediction but more like proven data and all that, but the reality is that not all TA could be considered true and sometimes they fail and this is why it would be smarter if we could end up with calling them all predictions.

I have some predictions, like in 2024 it will be higher a bit, and in 2025 it will be a lot higher than this ,a huge bull run. But that is not a fact, it's prediction, even though it's backed up by years and years of proven data, it's still a prediction in the end.


Title: Re: Should we rely on prediction?
Post by: cryptomaniac_xxx on August 12, 2023, 11:36:59 AM
When it’s all over I think whether you were successful or not in whatever you are attempting to do, the most important thing will be that you followed your own predictions. If you follow someone else’s predictions and they turn out to be wrong, you will have anger towards them. If you follow yourself and fail, you can at least know you did what you believed was right.

I guess it's life as well, we follow our hunch, it could be very bad or it could be a major decision that can impact our lives. Same with the predictions here in crypto, sometimes its a hit, and sometimes its a missed.

But the good thing is that it came from our own predictions, we didn't rely on some personalities or crypto influencer. It's how we see the market moving, it could be short term or long term. So in the end, if it works for us, then good. If not, then maybe it's just very unfortunate that we have seen in the wrong way.


Title: Re: Should we rely on prediction?
Post by: Ziskinberg on August 12, 2023, 01:57:13 PM
As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

You are right, relying on prediction is a foolish thing as we have to check the historic trend of bull and bearish run to understand the pattern because once the bull run starts every random guy becomes crypto experts and throws random predictions. We should rather follow the market trend and act accordingly. Most of us lose money because we buy at peak due to FOMO and sell it at low due to FUDS.
I really don't think that it is a foolish idea as to whether we like it or not, we live that way. Because if we only know what will happen next, people don't do this and so I am but it was not, therefore, the prediction comes out for a good reason. It is only no sense if we don't have any basis for our prediction but if we have, I believe that is was close to the possibility. In fact, you believe that Bitcoin will make bullish again and that is just a sort of speculation. If that is wrong, then there is no sense of believing it but we are.


Title: Re: Should we rely on prediction?
Post by: Twentyonepaylots on August 12, 2023, 02:09:49 PM
I share your view, but still, there are accurate predictors, and if you follow them very, you might be surprised at the high level of the result. I've not seen this with Bitcoin though, but I still pride myself that all my analyses on this forum always work. This is not about preaching perfection, but to tell you that prediction works. But those who publish it online mostly publish rubbish, and you should still not expect any prediction to be perfect because the market is dynamic. Bitcoin has its flaws too, it could be so frustrating for trend predictors, unlike many assets I know. Can you imagine what it did in the past 11 days? So frustrating.

Bottomline: Choose carefully where you get your predictions, and you might be positively surprised.
Absolutely. Bitcoin value is volatile and can change rapidly based on various factors. It's always nerve-wracking to rely on predictions, but it's worth it with a calculated risk. Before relying on the different Bitcoin predictions published, you should also do your work to learn and self-evaluate whether these predictions based on historical data, market sentiment, and technical analysis are evident enough for you and provide a high probability. You should also note that prediction is not 100% accurate and should be taken skeptically.

Also, remember the value of diversification and risk management. While following predictions or market trends can make you feel FOMO, relying solely on these factors can be risky. Instead, consider your overall investment strategy and aim to diversify your portfolio to manage risk better. It will help you ensure a more stable and successful investment experience.


Title: Re: Should we rely on prediction?
Post by: Ayers on August 12, 2023, 02:35:40 PM
As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

And what you are saying is also prediction, is there any difference? Even if you rely on historical data, do thousands of research and analysis, in the end you have no guarantee that your conclusion will definitely happen in the future. So no matter what you say about the future it is a prediction, but the difference is a well-founded prediction and a blind prediction. Of course, well-founded predictions are certainly more likely to happen than blind and emotional predictions.

The future is unpredictable, history repeats 3 times but that doesn't mean it will keep repeating itself. So, when we talk about the future, we can't do anything but make predictions.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 13, 2023, 10:51:53 AM
When it’s all over I think whether you were successful or not in whatever you are attempting to do, the most important thing will be that you followed your own predictions. If you follow someone else’s predictions and they turn out to be wrong, you will have anger towards them. If you follow yourself and fail, you can at least know you did what you believed was right.


Doing what you believe is right, that's when you follow your prediction like you said. Like we all know, follow someone else's prediction is not that advisable, is good to follow ones strategy in trading right? but not good to follow ones prediction? Why is it so?
All I'm saying is that we should follow it the way we're seeingit, nobody's prediction is legit to follow (even you that have your own prediction you should be careful how you rate it).


Title: Re: Should we rely on prediction?
Post by: landheer on August 15, 2023, 02:46:13 AM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.


Title: Re: Should we rely on prediction?
Post by: Bitcoin_people on August 17, 2023, 01:47:23 AM
We invest in Bitcoin mainly because of the predictions of various wise people, the predictions they make are correct and that's why people are more interested in investing in Bitcoin. Because their predictions are accurate and that's why people have high hopes on Bitcoin.  Currently we have seen many predictions where the price of Bitcoin is likely to reach $1m dollars in 2024. But it is still not easy to say how accurate and confirmed this prediction will be, but since we know Bitcoin halving every four years and then the value of Bitcoin increases. And when the Bitcoin market starts to halve, we will see a bull market when we are in such a situation that the price of Bitcoin will definitely touch $1M dollars. Most of the wise investors have made such predictions, we think their analysis must be true, we will soon see these predictions come true.


Title: Re: Should we rely on prediction?
Post by: Bloodseekers on August 17, 2023, 06:16:55 AM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.
By seeing a lot of predictions lately, of course everyone will dare to invest in BTC, but in investing, of course, you will experience profits and losses, so it's a good idea to know a lot of information about BTC before you start investing so that it will minimize the losses you will get in investing. It's true that we have to enjoy investing, if we don't have knowledge in investing, of course this will make us experience losses that we can't avoid.


Title: Re: Should we rely on prediction?
Post by: ancafe on August 17, 2023, 07:30:25 AM
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)
There's nothing wrong because all of these are predictions, when you try to do a study on predictions, the steps you see first are how Bitcoin went before, so that's where the various predictions that people try to do are born. The question is what percentage of predictions are correct? the answer may be seen from various predictions that have ever existed. Why do people see the next ATH price close to $ 100,000 the answer is because at ATH before bitcoin it was almost close to that price, so it's natural that people see the next price target at that number.

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Just enjoy every prediction that exists and what we need to do is make a separate study and never rely on predictions completely. Predictions will still be predictions and that's why bitcoin continues to be talked about, the more people who talk about it, the better the condition of the bitcoin in the future.


Title: Re: Should we rely on prediction?
Post by: gabbie2010 on August 17, 2023, 09:21:27 AM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.
Well some of those predictions are based on modelling after being subjected to some analysis while some people just predicted it price blindly without any proof to back it up , others based their prediction on the upcoming halving of Bitcoin in 2024, however it's absolutely difficult to predict the future price of Bitcoin because it price is mostly affected by fundamentals a huge and positive one can trigger a massive pump in the price infact change the overall sentiment from bearish to bullish same thing happens when a negative news is announced especially relating to clamp down of big exchange or banning of Bitcoin in a country that has large numbers of hodlers all these factors makes the price of Bitcoin very unpredictable.


Title: Re: Should we rely on prediction?
Post by: CageMabok on August 17, 2023, 01:26:13 PM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.
When you are fully prepared to invest in Bitcoin, it means you have considered all the things that could happen to you through that investment. So if in the future you don't get the profit as you believe or you want, never abuse the situation or Bitcoin because that is something you must understand at this time or you understand before you experience losses through investment. And in general you have also taken a very wise step by investing money into Bitcoin at this time.

By seeing a lot of predictions lately, of course everyone will dare to invest in BTC, but in investing, of course, you will experience profits and losses, so it's a good idea to know a lot of information about BTC before you start investing so that it will minimize the losses you will get in investing. It's true that we have to enjoy investing, if we don't have knowledge in investing, of course this will make us experience losses that we can't avoid.
If the information needed to invest is about Bitcoin, I don't think it would be that difficult to find out as long as it is information that has happened to Bitcoin in the past. Because by knowing information about Bitcoin in the past, everyone starts to dare to make a decision to invest, and this is also due to their own level of knowledge which also begins to mature about Bitcoin over time. Bitcoin is a very good cryptocurrency to invest in and also very good to trade, but I would much rather have it as an investment asset over the long term than to trade it short term for small profits.


Title: Re: Should we rely on prediction?
Post by: khiholangkang on August 17, 2023, 04:01:09 PM
Of course, predictions are an indicator for determining investment decisions to either sell or buy, because confidence can be obtained by calculating predictions with various methods and techniques in conducting analysis that have certain conclusions on the results.
The average prediction is everyone's mainstay to prepare and make decisions, even though we don't know what will happen because talking about predictions is talking about opportunities that might come either a decrease or an increase in bitcoin.

Just as we witnessed several cases of bitcoin in each cycle, it always experiences a price increase and forms a new ATH which is data on the fact that new ATH opportunities will also exist in the current cycle and so on.


Title: Re: Should we rely on prediction?
Post by: 19Nov16 on August 18, 2023, 03:17:33 PM
Predictions certainly have the same opportunity between right or wrong, unfortunately many people believe too much with predictions so that following these suggestions, we as investors certainly understand that price predictions are very difficult, if they can predict prices, of course they can be rich from bitcoin, and unfortunately they are Just make predictions without buying or selling.


Title: Re: Should we rely on prediction?
Post by: uneng on August 18, 2023, 03:38:21 PM
Predictions certainly have the same opportunity between right or wrong, unfortunately many people believe too much with predictions so that following these suggestions, we as investors certainly understand that price predictions are very difficult, if they can predict prices, of course they can be rich from bitcoin, and unfortunately they are Just make predictions without buying or selling.
It's normal everyone has a prediction regards BTC price, as we tend to foresee the future, trying to guess correctly what is going to happen next to prepare ourselves best as possible on the present moment to take advantage of the opportunities which are going to appear or happen futurely.

There are many different kinds of predictions about BTC, some positive and other negative. Of course at least one of them will be right, the challenge is to pick the right one and start drawing our plan following that scenario. Personally I rely on what I believe, because if I don't, I'm not going to execute my plan with excellency. So, if you are confident about a prediction, you have to rely on it, there is no other way to make it work, because when you don't rely, it means you don't believe, and when you don't believe you get indecisive, weak and vulnerable, reaching nowhere. Just like those people who intended to buy BTC, but never bought due to it being too "expensive".


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 19, 2023, 11:03:03 AM
With the current state of Bitcoin price $25k is it still advisable for traders to go with any form of prediction?
I think this is a sign that we should use what we see instead of getting our expectations high on what we see as predictions, I know some will disagree with me on this but I believe we still have members or investors who think that before the end of this month Bitcoin price would reach $35k, what would they say now with the current price?
I really don't know why it drop down to $25k in the space of 2-3 days and is still going down. Why?


Title: Re: Should we rely on prediction?
Post by: Minecache on August 19, 2023, 12:43:46 PM
️️✂️
I really don't know why it drop down to $25k in the space of 2-3 days and is still going down. Why?

I did some research yesterday and today, but honestly, I can't find any good reason for yesterday's drop. What I'm thinking is manipulation by the sharks, the market makers, other than that for no other reason. Although bitcoin has yet to recover, I don't think it will continue to fall more from here. At least there will be a couple of rallies to the 27k-28k area before another drop occurs, but I don't expect that to happen.
We are closer than ever to the halving and triggering dumping is not a good thing. But many people are still expecting that to happen as they still haven't bought too many bitcoins as of today, I still know some people are still holding USDT waiting for a bigger dumping.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 19, 2023, 02:50:26 PM
️️✂️
I really don't know why it drop down to $25k in the space of 2-3 days and is still going down. Why?

I did some research yesterday and today, but honestly, I can't find any good reason for yesterday's drop. What I'm thinking is manipulation by the sharks, the market makers, other than that for no other reason. Although bitcoin has yet to recover, I don't think it will continue to fall more from here. At least there will be a couple of rallies to the 27k-28k area before another drop occurs, but I don't expect that to happen.
We are closer than ever to the halving and triggering dumping is not a good thing. But many people are still expecting that to happen as they still haven't bought too many bitcoins as of today,

I tried checking on why is had to drop drastically but at some point I got tired of looking for a reason (because I couldn't get any) why the sudden drop of the price, i was hoping to get something but nothing came out.
I know many people would like to see how it will look like in the coming days, maybe it will start rising before the new week runs out.

Quote
I still know some people are still holding USDT waiting for a bigger dumping.

It shouldn't be a surprise because I think such a thing had happened before when the price drop and suddenly it goes up and higher. So nobody wants to start saying "wish I knew, I would have waited".
Some decisions might put you on the right track so I think that's why some are still holding.


Title: Re: Should we rely on prediction?
Post by: Minecache on August 20, 2023, 11:11:32 AM
️️✂️
I really don't know why it drop down to $25k in the space of 2-3 days and is still going down. Why?

I did some research yesterday and today, but honestly, I can't find any good reason for yesterday's drop. What I'm thinking is manipulation by the sharks, the market makers, other than that for no other reason. Although bitcoin has yet to recover, I don't think it will continue to fall more from here. At least there will be a couple of rallies to the 27k-28k area before another drop occurs, but I don't expect that to happen.
We are closer than ever to the halving and triggering dumping is not a good thing. But many people are still expecting that to happen as they still haven't bought too many bitcoins as of today,

I tried checking on why is had to drop drastically but at some point I got tired of looking for a reason (because I couldn't get any) why the sudden drop of the price, i was hoping to get something but nothing came out.
I know many people would like to see how it will look like in the coming days, maybe it will start rising before the new week runs out.

To this day, I still see many people still trying to blame Elon, and they insist that it was Elon and Sapcex who sold their remaining bitcoins and caused the market to dump. But that information is incorrect because they have been selling those bitcoins since the first quarter of this year but someone is deliberately blaming Elon.

In short, if this is not whale manipulation, what is the cause of such a sudden drop?
Quote
I still know some people are still holding USDT waiting for a bigger dumping.

It shouldn't be a surprise because I think such a thing had happened before when the price drop and suddenly it goes up and higher. So nobody wants to start saying "wish I knew, I would have waited".
Some decisions might put you on the right track so I think that's why some are still holding.

But I think they will regret that method of their investment. Meanwhile, we have a DCA strategy, but I don't see why they don't want to use it. Meanwhile, we have a DCA strategy but somehow they don't want to use it and wait for a drop with no guarantee to happen.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 20, 2023, 04:57:44 PM
️️✂️
I really don't know why it drop down to $25k in the space of 2-3 days and is still going down. Why?

I did some research yesterday and today, but honestly, I can't find any good reason for yesterday's drop. What I'm thinking is manipulation by the sharks, the market makers, other than that for no other reason. Although bitcoin has yet to recover, I don't think it will continue to fall more from here. At least there will be a couple of rallies to the 27k-28k area before another drop occurs, but I don't expect that to happen.
We are closer than ever to the halving and triggering dumping is not a good thing. But many people are still expecting that to happen as they still haven't bought too many bitcoins as of today,

I tried checking on why is had to drop drastically but at some point I got tired of looking for a reason (because I couldn't get any) why the sudden drop of the price, i was hoping to get something but nothing came out.
I know many people would like to see how it will look like in the coming days, maybe it will start rising before the new week runs out.


To this day, I still see many people still trying to blame Elon, and they insist that it was Elon and Sapcex who sold their remaining bitcoins and caused the market to dump. But that information is incorrect because they have been selling those bitcoins since the first quarter of this year but someone is deliberately blaming Elon.

Yea that true maybe they're part of those who have the highest coin and the more they buy the higher it goes so now that we have a dip I feel they should be held responsible, apart from investors ignoring FUD, what other way can make it bump to it normal price or even higher than the $30k that it was?


Quote
I still know some people are still holding USDT waiting for a bigger dumping.

It shouldn't be a surprise because I think such a thing had happened before when the price drop and suddenly it goes up and higher. So nobody wants to start saying "wish I knew, I would have waited".
Some decisions might put you on the right track so I think that's why some are still holding.

Quote
But I think they will regret that method of their investment. Meanwhile, we have a DCA strategy, but I don't see why they don't want to use it. Meanwhile, we have a DCA strategy but somehow they don't want to use it and wait for a drop with no guarantee to happen.

If they'll regret I don't think they should have thought of sell, they have a reason for selling, anyone can decide to go against his or her own strategy, is their choice to use the DCA strategy.
We might be blaming them for the current dip but we haven't thought of their next move if it will bump it to $40k at ones, nobody can tell not even the predictions we see everyday.


Title: Re: Should we rely on prediction?
Post by: Mpamaegbu on August 21, 2023, 06:03:00 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...
The last thing to leave a man is hope. Anyone who gets their hopes high does so to get their mojo in whatever they're doing. I don't see anything wrong in that. Without hope, no one will endeavour to pursue any aspiration. That's what we also find in this industry. Price speculation isn't anything new or bad but what we do with it is solely dependent on us. Nobody should blindly depend on other's predictions without doing their own research. If they do, whatever the outcome is should be borne by them without any fuss.

Quote
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.
Those who are predicting $45k for the next bull run in 2025 aren't doing justice to their prediction, knowing that the current ATH is $68k+ which was achieved in 2021. We know that every new ATH has always surpassed the previous ATH. I don't see this incoming one to be any different. We should be expecting anything above $120k. That's my take on this.


Title: Re: Should we rely on prediction?
Post by: Hamphser on August 24, 2023, 09:37:29 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...
The last thing to leave a man is hope. Anyone who gets their hopes high does so to get their mojo in whatever they're doing. I don't see anything wrong in that. Without hope, no one will endeavour to pursue any aspiration. That's what we also find in this industry. Price speculation isn't anything new or bad but what we do with it is solely dependent on us. Nobody should blindly depend on other's predictions without doing their own research. If they do, whatever the outcome is should be borne by them without any fuss.

Quote
Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.
Those who are predicting $45k for the next bull run in 2025 aren't doing justice to their prediction, knowing that the current ATH is $68k+ which was achieved in 2021. We know that every new ATH has always surpassed the previous ATH. I don't see this incoming one to be any different. We should be expecting anything above $120k. That's my take on this.
Hope wont really be that enough because if we wont really be that putting up that analysis in every step that we are making then we are just basically relying on luck on which it is something that not recommended

that it should really be done on this market. Yes, we are all speculators on here but doesnt mean that we would really be tolerating that kind of speculative approach on which it comes into a point that it is really just purely predicting whether it would be going down or up. We know that there are lots of factors which could really be affect out price movements on which this is something that we should watch out. No matter how hard we do try then its impossible on knowing on what would be the price would be. We dont have choice but to predict but of course it should really be on that situation that we arent blindly taking up positions.

Whether we do like it or not, there's no way on predicting on where the price would be next in moving and this is why we do have that kind of speculative approach on assuming on where prices would go.
Nothing beats out if you do rely with your own manual trading ways and methods on which not relying on someones calls and analysis. Better to create and basing up your positioning with your
own approach and not something that would be putting you up in regret on the time that you had made the wrong one.


Title: Re: Should we rely on prediction?
Post by: virasog on August 24, 2023, 11:48:15 PM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.

In the long term the bitcoin will be at higher price levels so it is easy to predict the price of bitcoins for long term.
For short term no one can predict the BTC price accurate y and it is only the game of priorities.

EDIT:

If in the short term it is still difficult to make predictions about Bitcoin prices, then in the long term it does not mean that it will be easier to make predictions in terms of Bitcoin prices.

I am saying this on the basis of the history of bitcoin. Bitcoin makes a new all time high every four years so it is a no-brainer to make a prediction that Bitcoin will be ATH after 4-5 years. Although it is still impossible to predict the exact price of bitcoin after few years but still anyone who invests in bitcoin, knows this prediction, will have peace of mind that his investment in bitcoin will always be profitable over the duration of a few years.


Title: Re: Should we rely on prediction?
Post by: CageMabok on August 25, 2023, 01:22:06 AM
In the long term the bitcoin will be at higher price levels so it is easy to predict the price of bitcoins for long term.
For short term no one can predict the BTC price accurate y and it is only the game of priorities.
If in the short term it is still difficult to make predictions about Bitcoin prices, then in the long term it does not mean that it will be easier to make predictions in terms of Bitcoin prices. Because we can only say Bitcoin price predictions based on our own beliefs, while for accurate price predictions no one will know. Most people can only say that the price of Bitcoin will be much higher in the future, while on the one hand some people still forget that price drops can also occur at any time in the market.


Title: Re: Should we rely on prediction?
Post by: Bitcoin_people on August 26, 2023, 01:52:49 AM
We have basically seen a lot of predictions that have specifically discussed Bitcoin. If we observe all those discussions, we must understand that the future of Bitcoin is clear and bright. If we say that Bitcoin will make a new history in 2024 then we definitely get some definition of the future. 2024 when the Bitcoin market will reach its peak we will take it as a new year because Bitcoin is predicted to be around $75K dollars in 2024. However, all the predictions we are currently seeing about Bitcoin are certainly very close to coming true. Although we will see Bitcoin halving in 2024 and the next Bitcoin bull market. And when the market bull market starts, the price of Bitcoin will cross $100,000 in 2025, which many wise people have predicted may come true.


Title: Re: Should we rely on prediction?
Post by: YUriy1991 on August 26, 2023, 02:22:47 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.


Nice joke, well, now what is certain in my opinion and view now is that this is the right time to continue to buy and collect BTC on the cheap and it is not a prediction but real work.

This is a 4 year cycle pattern although the chance of a deeper correction could occur any time, what makes us laugh and makes no sense is whether BTC Hodlers will sell their BTC cheap if it corrects below $15K again? that's what really has to be predicted. :D :D



Title: Re: Should we rely on prediction?
Post by: Negotiation on August 26, 2023, 06:14:38 AM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.
By seeing a lot of predictions lately, of course everyone will dare to invest in BTC, but in investing, of course, you will experience profits and losses, so it's a good idea to know a lot of information about BTC before you start investing so that it will minimize the losses you will get in investing. It's true that we have to enjoy investing, if we don't have knowledge in investing, of course this will make us experience losses that we can't avoid.
As with any investment strategy it is important to understand the risks involved before making any decisions. The cryptocurrency market is extremely volatile, and investing can potentially bring both profits and losses. Therefore, investors should always do thorough research and seek professional advice before committing any funds. One must have investment knowledge before investing but predicting the future of bitcoin is very difficult. The market is not stable and always goes up and down but investing in bitcoin is less risky. Long term investment should be held in this currency even if it goes down it will rise again.


Title: Re: Should we rely on prediction?
Post by: fuguebtc on August 26, 2023, 08:57:15 AM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.
By seeing a lot of predictions lately, of course everyone will dare to invest in BTC, but in investing, of course, you will experience profits and losses, so it's a good idea to know a lot of information about BTC before you start investing so that it will minimize the losses you will get in investing. It's true that we have to enjoy investing, if we don't have knowledge in investing, of course this will make us experience losses that we can't avoid.
As with any investment strategy it is important to understand the risks involved before making any decisions. The cryptocurrency market is extremely volatile, and investing can potentially bring both profits and losses. Therefore, investors should always do thorough research and seek professional advice before committing any funds. One must have investment knowledge before investing but predicting the future of bitcoin is very difficult. The market is not stable and always goes up and down but investing in bitcoin is less risky. Long term investment should be held in this currency even if it goes down it will rise again.

Once invested there is always risk and return, and bitcoin cannot be called a low risk investment while its return is very high. The higher the profit, the higher the risk whether it is short term or long term, we should not forget this.

In my opinion, we don't need anyone's advice because not all experts know about bitcoin. It is important to take the time to learn everything about bitcoin before making a decision to invest in bitcoin. Absolutely do not invest in what you do not know about it and do not invest on the advice of others. Bitcoin is not like other traditional investments, it can be very profitable but the risk is also great so it is necessary to be more cautious when making decisions.


Title: Re: Should we rely on prediction?
Post by: gunhell16 on August 27, 2023, 05:22:17 AM
By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.


Title: Re: Should we rely on prediction?
Post by: AnonBitCoiner on August 28, 2023, 06:58:33 PM
yes, so many people predict the future of the btc price even though in fact we will not know what the future price of btc will be, but of course we also have to individually predict the price of btc in the future, but I personally think that in the future the price of btc will go up high , that's why I dare to invest in btc but I'm also ready if I experience losses from investing in btc. because the most important thing is that we have to enjoy our investment.

People are investigating about the price and then they conclude the prediction but reality is that prediction sometimes become worthless as they are just a spoken words and reality is unpredictable.

We have spent years with cryptocurrency therefore we believe about the future enhancement when we hear good news but future doesn't resembles with past always.
Everyone is in Struggle to buy more and more bitcoin because now the price is affordable so whenever the market become boost up They will see big reward for their investment.
 
Price will takes longer time for recover back so you can enjoy these events but one cannot enjoy loss because money comes with great efforts and no one can appreciate the market dip.


Title: Re: Should we rely on prediction?
Post by: salad daging on August 28, 2023, 07:12:22 PM
By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.
That's just their predictions and opinions that say that while we have other views on this theory, I always remember in every bitcoin cycle there is always a spike but will the cycle in 2024 and the next few cycles not change? There have been many predictions below the average price and above the average, we just have to conclude and certainly don't be affected by a weak mentality.

Next year above $100K and $200K that is my ability to predict, saying stronger things I think it is possible for next year to be the next cycle.

Let's see how it will be above the previous ATH again, I think almost most people believe above $100K.


Title: Re: Should we rely on prediction?
Post by: Balmain on August 28, 2023, 08:41:14 PM
When Bitcoin reached $ 69 thousand and $ 20 thousand in the past seasons, no one could have predicted it, there were only predictions and most of the predictions were not even close, we do not know what will happen in the future, what we say goes beyond just a few predictions. But the facts behind and inside bitcoin show that the demand for it is growing more and more each time, with all the indicators showing this, I think it will make a good leap a year after the halving or early 2025. The points I pay attention to are the cyclical movements in the halvings, the demand in the market, the functional use, the increasing trend from limited money to unlimited money, and bitcoin being a good option. There are many other reasons for the increase.


Title: Re: Should we rely on prediction?
Post by: landheer on August 29, 2023, 02:30:54 AM
Bitcoin future value is unpredictable and the highest spectators could do is to speculate the future price of Bitcoin without any form of accuracy, is normal for investors to be anxious about bitcoin future value since there are events line up  in the next coming months/years such as the bitcoin haven and the rest,  this events will push bitcoin price to rise significantly but when that price increase (ATH) will be is what is uncertain for all of us.

So the highest we can do right now is t only speculate the possible future price of Bitcoin,  and doing so,  it means we must beer I mind that there is a high chances that our predictions may not work according to how we except them to be and that is why,  holding Bitcoin should be done with a long term mentality to avoid any possible panic action whenever the opposites to our predictions happen I the market.

I agree with you, and we can only speculate about the price of btc for the future whether it will go up or not, and to be honest I personally also invest in btc relying a lot on speculating as a reason because soon there will be btc halving, so be brave to invest in btc, and speculate that in future btc price
has the potential to go up high due to the limited supply of btc supplies.


Title: Re: Should we rely on prediction?
Post by: laurenB7742 on August 29, 2023, 04:36:52 AM
By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.
That's just their predictions and opinions that say that while we have other views on this theory, I always remember in every bitcoin cycle there is always a spike but will the cycle in 2024 and the next few cycles not change? There have been many predictions below the average price and above the average, we just have to conclude and certainly don't be affected by a weak mentality.

Next year above $100K and $200K that is my ability to predict, saying stronger things I think it is possible for next year to be the next cycle.

Let's see how it will be above the previous ATH again, I think almost most people believe above $100K.

There is nothing to prove that other people's predictions are wrong and ours are correct. You are right, it's all guesswork and it's given by each person's knowledge and vision, once it's called a prediction we shouldn't say who's right and who's wrong until everything happens.

Regarding the prediction for the next bull season, I also believe that bitcoin can break through $100k and hit $200k without much difficulty. But I also won't object to many people's predictions of ATH hitting only $100k for next season. Let's wait and see who will be right.


Title: Re: Should we rely on prediction?
Post by: Maslate on August 29, 2023, 04:45:36 AM
That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.

Consider that the market is capable of alternating between bear and bull phases, each with distinct durations. Thus, confining predictions to specific timeframes might prove misguided, as the timing of various market conditions remains uncertain.

The ongoing situation illustrates this—while we might classify the market as currently bearish, can we confidently assert that it will shift to a bullish state in the coming year? The answer is unknown. Consequently, the wisest approach might involve venturing into the realm of personal predictions and hoping for success. The simplest strategy often boils down to purchasing at lower prices and adopting a 'buy and hold' approach.



Title: Re: Should we rely on prediction?
Post by: uswa56 on August 29, 2023, 05:17:35 AM
When Bitcoin reached $ 69 thousand and $ 20 thousand in the past seasons, no one could have predicted it, there were only predictions and most of the predictions were not even close, we do not know what will happen in the future, what we say goes beyond just a few predictions. But the facts behind and inside bitcoin show that the demand for it is growing more and more each time, with all the indicators showing this, I think it will make a good leap a year after the halving or early 2025. The points I pay attention to are the cyclical movements in the halvings, the demand in the market, the functional use, the increasing trend from limited money to unlimited money, and bitcoin being a good option. There are many other reasons for the increase.
Predicting only about declines and increases does not mean prediction for the exact price, it is very difficult to do.
Actually, because there are several indicators that make predictions born, that is what is called a prediction, namely estimating what will happen in the future using past data or what has happened in the past.
So here it is clear that we are relying on predictions for the future price of Bitcoin, and back again on the indicators we use for these predictions to be accurate.
And now, from what point of view do we view, the indicators we use to become a reference and several other reasons that strengthen ourselves for the birth of predictions will of course be different, and I would rather be confident in our own predictions than having to trust other people.


Title: Re: Should we rely on prediction?
Post by: gunhell16 on August 29, 2023, 06:21:04 AM
By 2030, this will be the value of one bitcoin at $69k. All predictions are just real opinions. And there is no right or wrong in each prediction. Now, as for my theory, I somewhat disagree with that prediction. If in 2020 Bitcoin hits its price value of 20k$ each https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history from the year when 2021 entered, many people were surprised by the unexpected kick of the value of Bitcoin that it will reach the price of 69k$ ATH.( https://cointelegraph.com/news/bitcoin-price-briefly-hits-69k-ath-before-plummeting-back-to-earth)

Think about it: just one year later, Bitcoin's price value in the market suddenly increased by 350%, and then it dropped little by little until it reached the value we have today. So based on my analysis for next year, it is really possible that the price value of Bitcoin will be between 50, 000 and 100, 000 dollars. That's what I see, according to what I read in the chart on the graph.
That's just their predictions and opinions that say that while we have other views on this theory, I always remember in every bitcoin cycle there is always a spike but will the cycle in 2024 and the next few cycles not change? There have been many predictions below the average price and above the average, we just have to conclude and certainly don't be affected by a weak mentality.

Next year above $100K and $200K that is my ability to predict, saying stronger things I think it is possible for next year to be the next cycle.

Let's see how it will be above the previous ATH again, I think almost most people believe above $100K.

Exactly. Maybe the only exciting thing here is that Bitcoin is about to do something that will surprise most people in the cryptocurrency field. Because that's how Bitcoin always does the ATH, it always surprises, which most people don't expect. Just like when it happened in the year 2017 last month, it suddenly became 20k each more, and in 2021, it suddenly kicked up to 69k, which most people didn't expect, and others even thought that it would continue to 100k$.

So this coming 2024, as I said last month, is for sure. There are many high expectations that Bitcoin will reach 100k$ each, but there is no real certainty yet. According to the majority's claim, it seems like that will actually happen. I just hope it won't be that painful if it doesn't happen as they expected.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on August 29, 2023, 12:13:33 PM
That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.

That's the point, those who invest do believe so much on those experts predictions and they follow it in making their own decisions.
It works for them but I believe that they have lost 85% of their investment because rely on predictions. I don't believe that what's happening to bitcoin price (the dip) was predicted before it happened, I'm not saying that experts don't get it right at times but we shouldn't pour our eggs in one basket.


Title: Re: Should we rely on prediction?
Post by: GeorgeJohn on August 29, 2023, 04:52:23 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Their is one thing that is important in bitcoin price, the thing is that in bitcoin price we have to understand that predictions is basically for individuals way of interpreting or making a personal analysis of bitcoin price through the market chart, if you don't want to be depending on a series speculations and predictions I will encourage whosoever that is into bitcoin to devote out time to learn bitcoin graph chart so that you will be dependent or you won't be dependable on any predictions made by anyone as accurate predictions of bitcoin, so by the time you have known the movement of candle sticks of bitcoin and interpret it well you understand the next move of bitcoin without working on so many people analysis and predictions of bitcoin price, its obvious that nobody predicts accurately or exactly the price bitcoin, bitcoin is rotational and the price don't be stagnant.


Title: Re: Should we rely on prediction?
Post by: lixer on August 29, 2023, 08:26:30 PM
Once invested there is always risk and return, and bitcoin cannot be called a low risk investment while its return is very high. The higher the profit, the higher the risk whether it is short term or long term, we should not forget this.

In my opinion, we don't need anyone's advice because not all experts know about bitcoin. It is important to take the time to learn everything about bitcoin before making a decision to invest in bitcoin. Absolutely do not invest in what you do not know about it and do not invest on the advice of others. Bitcoin is not like other traditional investments, it can be very profitable but the risk is also great so it is necessary to be more cautious when making decisions.
It is the basic rule of investments that you should understand that no investment comes without risk, whether you are investing in cryptocurrencies or anything at all. The very first thing you should do before making an investment is evaluate the risks it carries and compare that with the profit that you might get out of it. That is the only way you can actually be a good investor because you won't just waste your money on any investment.

If we talk about investing in cryptocurrencies, Bitcoin is considered to be the safest investment option but that doesn't mean that it doesn't carry any risk. However, investing in altcoins carries higher risks since they have the possibility of crashing severely which is not what Bitcoin can go through.


Title: Re: Should we rely on prediction?
Post by: Ruttoshi on August 30, 2023, 09:24:19 PM
It is base on bitcoin historical movement that has made so many people to have their speculations on bitcoin price. The fact remains this,the price of bitcoin cannot be predicted accurately,but it can be speculated on,since there are previous circles that the movement followed the same pattern.

Instead of trying to predict the price,it is better that you work with a price target,in case you want to sell and make profit because no one can tell what the price of bitcoin will be next. This is the proper time to accumulate only and think less of the price movement. Prepare yourself towards the upcoming bull run next year.


Title: Re: Should we rely on prediction?
Post by: Hamphser on August 30, 2023, 09:42:23 PM
Once invested there is always risk and return, and bitcoin cannot be called a low risk investment while its return is very high. The higher the profit, the higher the risk whether it is short term or long term, we should not forget this.

In my opinion, we don't need anyone's advice because not all experts know about bitcoin. It is important to take the time to learn everything about bitcoin before making a decision to invest in bitcoin. Absolutely do not invest in what you do not know about it and do not invest on the advice of others. Bitcoin is not like other traditional investments, it can be very profitable but the risk is also great so it is necessary to be more cautious when making decisions.
It is the basic rule of investments that you should understand that no investment comes without risk, whether you are investing in cryptocurrencies or anything at all. The very first thing you should do before making an investment is evaluate the risks it carries and compare that with the profit that you might get out of it. That is the only way you can actually be a good investor because you won't just waste your money on any investment.

If we talk about investing in cryptocurrencies, Bitcoin is considered to be the safest investment option but that doesn't mean that it doesn't carry any risk. However, investing in altcoins carries higher risks since they have the possibility of crashing severely which is not what Bitcoin can go through.
Everything that gives out that kind of chance or opportunity for you to earn profit would really be having that in default corresponding risks on which you could really able to experienced out on losing money instead of

earning and this is something that typical or really that standard and since we are dealing with a speculative market then it would really be just normal that we do have that speculative approach.It is really just that it do really have that different approach on different set of people or traders on which it would really be basing up according into their knowledge and experience. If you are really that someone who is really that a fan on following someones predictions then i would say that it wont really be that much of a difference if you do follow with your own.

Also, on the time that you do see yourself having those kind of losses along the way then its not something that would really be regrettable if we do speak about those conditions since
we are really making use of our own instead of others on which it wont really be giving out that kind of feeling or emotion which we do know that it do really sucks on having those.


Title: Re: Should we rely on prediction?
Post by: AmoreJaz on August 30, 2023, 11:58:49 PM
It is base on bitcoin historical movement that has made so many people to have their speculations on bitcoin price. The fact remains this,the price of bitcoin cannot be predicted accurately,but it can be speculated on,since there are previous circles that the movement followed the same pattern.

Instead of trying to predict the price,it is better that you work with a price target,in case you want to sell and make profit because no one can tell what the price of bitcoin will be next. This is the proper time to accumulate only and think less of the price movement. Prepare yourself towards the upcoming bull run next year.

as no one can give an accurate prediction, you are left to speculate on your own and follow your instincts. if you will invest on this market, you need to evaluate your financial capability first. because such predictions may not ever happen at all. this is why, you need to make your best guess if you will put money into this.


Title: Re: Should we rely on prediction?
Post by: lixer on September 06, 2023, 03:25:21 PM
That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.

Consider that the market is capable of alternating between bear and bull phases, each with distinct durations. Thus, confining predictions to specific timeframes might prove misguided, as the timing of various market conditions remains uncertain.

The ongoing situation illustrates this—while we might classify the market as currently bearish, can we confidently assert that it will shift to a bullish state in the coming year? The answer is unknown. Consequently, the wisest approach might involve venturing into the realm of personal predictions and hoping for success. The simplest strategy often boils down to purchasing at lower prices and adopting a 'buy and hold' approach.
Well, that's pretty accurate. It is almost impossible for anyone to time the market perfectly, no matter how much of an expert a person is, they can always be wrong about a certain prediction they might make or have made about the market since the market is extremely volatile and is totally unpredictable. This is the basic reason why it is not really easy to earn profits in the cryptocurrency market which a lot of newbies think is as easy as drinking water.

However, those who study the market very closely and gain a lot of knowledge and information and also have enough experience manage to at least make a close estimate and make their trades based on that. If one thinks they can't do that, the simple approach of buying low and selling high is best for them as you suggested.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on September 06, 2023, 08:30:43 PM
It is base on bitcoin historical movement that has made so many people to have their speculations on bitcoin price. The fact remains this,the price of bitcoin cannot be predicted accurately,but it can be speculated on,since there are previous circles that the movement followed the same pattern.

Quite agree with you...the way prices of Bitcoin has been moving in the past some people use same pattern to predict and also make some investors to use same style to trade especially those ones who don't have a specific strategy (like the newbies).
Is just like gambling (Bitcoin price) you can never get it right or should I say get it 100% correct.


Quote
Instead of trying to predict the price,it is better that you work with a price target,in case you want to sell and make profit because no one can tell what the price of bitcoin will be next. This is the proper time to accumulate only and think less of the price movement. Prepare yourself towards the upcoming bull run next year.

I'm still bothered about how people emphasize on the this upcoming bull for next year when we haven't seen anything possible or tempting to say that next year would be different or better than this year, let's see how this year would end.


Title: Re: Should we rely on prediction?
Post by: Captain Corporate on September 06, 2023, 08:49:59 PM
I'm still bothered about how people emphasize on the this upcoming bull for next year when we haven't seen anything possible or tempting to say that next year would be different or better than this year, let's see how this year would end.

Well there is nothing guaranteed about this of course. However, if we are talking about the  cycles, so far every single time we had a halving, afterwards we ended up going better and doing higher prices. I think its obvious that we are not going to end up with anything shocking, but that doesn't mean that we are not going to end up with a situation that would be any different. That is just a "feeling", but obviously based on everything that has happened so far. It may look like we have no proof, but the proof people rely on is the fact that it has happened after every time, so its not really that difficult. I think it should be important to just think that same thing may happen.


Title: Re: Should we rely on prediction?
Post by: rachael9385 on September 06, 2023, 09:50:50 PM
as no one can give an accurate prediction, you are left to speculate on your own and follow your instincts. if you will invest on this market, you need to evaluate your financial capability first. because such predictions may not ever happen at all. this is why, you need to make your best guess if you will put money into this.
Yes man, you have said almost what I wanted to say so far, but I should add little to what you have said already.

Like some people use, lucky charm for gambling and it works for them sometimes, but I don't think lucky charm can work in Bitcoin price, speculations, one of the important steps to take in Bitcoin after buying, hoding then selling at the appropriate time which your mindset agreed, then following your own instincts too helps because sometimes people Price predictions don't work and if you keep on following others prediction, (and you don't have any) if anyone don't have a prediction and the person keeps following others prediction that means the person don't have a good strategy on Bitcoin investments, so what am trying to say is that we should endeavor to predict price and follow our instincts sometimes because we are not sure which one can work as planned for us wether other people predictions or our own predictions.


Title: Re: Should we rely on prediction?
Post by: GbitG on September 08, 2023, 04:36:25 PM
Sir, no one here can think that the prediction he is making will be 100 percent perfect. Despite their looking for possibilities, if Bitcoin moves like this, everyone says that it will happen, but no one is saying that it will perfectly happen. The cryptocurrency market is unpredictable due to its volatile sentiment, but for now, no one can predict it perfectly. Just relying on other predictions is not a guarantee of profit. Just do your own research and analysis in your own mind, because no one is responsible for your loss or profit. Nobody seems to be saying that I could make you a profit. Everyone gives you the disclaimer that I only look for possibilities; trade or investment are yours. I am not responsible for that. At last, I conclude that only relying on one prediction is not fearful; put all the analysis, prediction, and research in front of us, take a decision with your own hands, and wait for the final result. Practice makes perfect.


Title: Re: Should we rely on prediction?
Post by: irhact on September 08, 2023, 05:29:57 PM
as no one can give an accurate prediction, you are left to speculate on your own and follow your instincts. if you will invest on this market, you need to evaluate your financial capability first. because such predictions may not ever happen at all. this is why, you need to make your best guess if you will put money into this.

We don't have to rely on others prediction but we can make use of their prediction for our benefits. We can compare their prediction to ours that we have interpreted ourselves and if we have the same results then we can compare it to more prediction to help strength our believe that our prediction are on the right track. There's no harm in looking at other perspective on the  issues if Bitcoin price movement as others mighyhavw more experience than you.

Relying on others prediction can lead you to losses because you aren't sure if they predicted the market correctly and that's why we should only rely on the analysis we make ourselves. If you don't know how to analyze the market then you have to learn before you start trading.


Title: Re: Should we rely on prediction?
Post by: STT on September 08, 2023, 06:52:50 PM
Prediction long term is probably alot safer then the short term ironically, despite the near term being within immediate sight it can also be more erratic and harder to predict in its direction.
  I first of all just try to define the boundaries then we should observe strength within that area and finally decide if we can break out positively upwards or break down to a new low for recent action.  Define price action in that way and you start to build a picture but the most reliable time frames are much greater then a day or week for BTC.  
   Easiest prediction, we will repeat mostly because volume builds strength and repeating an area builds that volume.
https://www.talkimg.com/images/2023/09/08/mY37J.png
Recent range 4hr bars I'm looking at but not expecting any special conclusion before next week.  My main take was our relation to 50 day average which is as high as 28k and not within our apparent range.   Not exactly prediction but my general take is above a weekly average we are positive acting, the blue line here roughly; below that measure we could view BTC as not acting with strength.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on September 09, 2023, 11:57:08 PM
The market has a way of playing tricks on investor and traders but they hardly find it to be true, is just that they love the way the system is.
They can see the price of Bitcoin collapsing and they still have hope that in the next 2 days if I should say, that it will rise to the highest peak. And some crazy predictions has its parts to play and is some how confusing many or leading them wrong.
I can't really tell on my own if prediction has favoured many investors or traders in a long run, like they use each form of prediction to get something much profitable, like do they gain than loss?


Title: Re: Should we rely on prediction?
Post by: tygeade on September 10, 2023, 05:35:54 AM
That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.
That's the point, those who invest do believe so much on those experts predictions and they follow it in making their own decisions.
It works for them but I believe that they have lost 85% of their investment because rely on predictions. I don't believe that what's happening to bitcoin price (the dip) was predicted before it happened, I'm not saying that experts don't get it right at times but we shouldn't pour our eggs in one basket.
I would say that buying long term shouldn't really matter on prediction and that is what people should do. If you are buying because of an expert then you are going to end up not being happy about the outcome and that is a tough one. I understand that some people may end up with a result that is not going to be good at all, and some people may prefer to have some sort of situation where it is not going to be profitable, but that doesn't mean that they are going to end up with a terrible result.

I think relying on the experts is the worst case, just buy it whenever you feel like it is the right time to buy, and if you are wrong and it goes down then you could hold it a little longer and sell it later on when it goes back up.


Title: Re: Should we rely on prediction?
Post by: GigaBit on September 10, 2023, 06:17:40 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Predictions may sometimes be correct and sometimes may not be. Shouldn't invest depending on it. But we know that Bitcoin investors are encouraged to invest from predictions and at any time the price may rise or fall according to that prediction. Prediction can be done in positive and negative way.
However, this must be considered after a reliable and rational observation of various factors. Someone think Bitcoin price may down at 25k and others prediction at 50k, some are predicting Bitcoin price increase in 2024 and some are dreaming of 2026. When an investor invests he should consider both aspects and come to a decision. No prediction should never be taken as reliable.


Title: Re: Should we rely on prediction?
Post by: Dzwaafu11 on September 10, 2023, 08:49:57 AM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Prediction is always prediction, and we make predictions about things we are not sure of, but we hope they will be like that because that is what we think will help us. However, investors always make this prediction because their funds are already there, so they do it with the hope of getting the amount they’re saying. In my opinion, even they are not sure of what they are saying, but they hope for the price to get there.

However, if we rely on this prediction, people will definitely not invest what they can afford to lose because they will always be thinking of getting huge returns from their investments, which is not like that in the bitcoin market, where you may have invested some money that you know will give you problems in the hope of getting them back with profits. The funny part will be when you see your money declining instead of going higher, but as an investor who knows what he or she is doing, you won’t mind because you only invested what you could afford to lose. That is why bitcoin investment is not for everyone; only a few can do it, in my opinion.


Title: Re: Should we rely on prediction?
Post by: fzkto on September 10, 2023, 09:49:30 AM
That's precisely why it's termed 'prediction'—there's no assurance that the anticipated price will materialize. Due to its inherent volatility, the market is undeniably unpredictable. Relying solely on experts' predictions could prove detrimental to your future in cryptocurrencies investing. From my observations, many predictions made by experts turn out to be inaccurate. This is a major reason why numerous individuals experience losses in their investments, often due to blind adherence.
That's the point, those who invest do believe so much on those experts predictions and they follow it in making their own decisions.
It works for them but I believe that they have lost 85% of their investment because rely on predictions. I don't believe that what's happening to bitcoin price (the dip) was predicted before it happened, I'm not saying that experts don't get it right at times but we shouldn't pour our eggs in one basket.
I would say that buying long term shouldn't really matter on prediction and that is what people should do. If you are buying because of an expert then you are going to end up not being happy about the outcome and that is a tough one. I understand that some people may end up with a result that is not going to be good at all, and some people may prefer to have some sort of situation where it is not going to be profitable, but that doesn't mean that they are going to end up with a terrible result.

I think relying on the experts is the worst case, just buy it whenever you feel like it is the right time to buy, and if you are wrong and it goes down then you could hold it a little longer and sell it later on when it goes back up.
If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.


Title: Re: Should we rely on prediction?
Post by: rojan on September 10, 2023, 02:42:29 PM
If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.
If you want to make a profit by investing you have to invest in some good coins but you have to take risk before investing. Some times experienced investors lose their money after investing due to some small mistakes. We always have to be careful and invest. For investing I  Always support Bitcoin. Because the chance of losing money after investing in Bitcoin is very less so I think it is safe to invest in Bitcoin. There are some people who risk their money without investing in Bitcoin.


Title: Re: Should we rely on prediction?
Post by: bestcoins1 on September 10, 2023, 03:44:22 PM
If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.
Actually, there's no harm in listening to advice when you want to invest in something as long as the advice is logical enough to understand. But everyone also needs their own stance after listening to advice from other people because basically advice from other people is not the main thing that must be relied on by someone who wants to invest with the results of their own research.

A person who experiences losing money after listening to advice from others is a person who does not have a stand in his own decisions so he will always be more easily trapped by others through soft advice. He should have done his own research before listening to advice from other people or when he has listened to advice from other people about investment, because whatever advice said by other people is only an additional option after someone has the first option from the results he has researched himself.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on September 11, 2023, 03:38:23 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
Predictions may sometimes be correct and sometimes may not be. Shouldn't invest depending on it. But we know that Bitcoin investors are encouraged to invest from predictions and at any time the price may rise or fall according to that prediction. Prediction can be done in positive and negative way.
However, this must be considered after a reliable and rational observation of various factors. Someone think Bitcoin price may down at 25k and others prediction at 50k, some are predicting Bitcoin price increase in 2024 and some are dreaming of 2026. When an investor invests he should consider both aspects and come to a decision. No prediction should never be taken as reliable.

That's true and the way and manner they (investors) take the bull come next year is like a hope that's never to come (to me) in the future.
I'd say let's deal with this current dip because it's becoming serious in the sense that it doesn't want to leave that price which is $25k and I was thinking it would (Bitcoin price) move up like to $26k at least let there be hope that the price isn't going to be stagnant till the end of this month and we don't know if it will fall back to $24k (which I haven't seen in a while) or back up to $26-27k, that's to show that it might get close to $30k by the end of the month but no, is still waiting at $25k, is kind of disturbing.


Title: Re: Should we rely on prediction?
Post by: bitzizzix on September 11, 2023, 04:00:13 PM
If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.
Actually, there's no harm in listening to advice when you want to invest in something as long as the advice is logical enough to understand. But everyone also needs their own stance after listening to advice from other people because basically advice from other people is not the main thing that must be relied on by someone who wants to invest with the results of their own research.

A person who experiences losing money after listening to advice from others is a person who does not have a stand in his own decisions so he will always be more easily trapped by others through soft advice. He should have done his own research before listening to advice from other people or when he has listened to advice from other people about investment, because whatever advice said by other people is only an additional option after someone has the first option from the results he has researched himself.
There is nothing wrong with appreciating and listening to other people's advice, because whatever that advice is, we ourselves determine and evaluate that advice.
And we can also consider suggestions after we have done our own research and analysis to determine what to do because this is a matter of money that we are risking to invest, so we have to be very careful. And never invest because of other people's advice without having sufficient understanding and knowledge in it. Because if the advice is wrong and you experience a loss, it is not the person's fault. But because you are too stupid with the investments you make.
So invest with adequate knowledge and understanding, and learn what is necessary including accurate information to help you in making choices and people's suggestions are only for consideration and still do your own research and analysis to determine the final result.


Title: Re: Should we rely on prediction?
Post by: doomloop on September 12, 2023, 06:41:34 PM
If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.
If you want to make a profit by investing you have to invest in some good coins but you have to take risk before investing. Some times experienced investors lose their money after investing due to some small mistakes. We always have to be careful and invest. For investing I  Always support Bitcoin. Because the chance of losing money after investing in Bitcoin is very less so I think it is safe to invest in Bitcoin. There are some people who risk their money without investing in Bitcoin.
There is nothing wrong in investing in altcoins as long as you are choosing the best ones and you have done your research before doing that so that you are not investing in altcoins that have no potential at all and your investment will simply get stuck if they take a dip and don't go up again after that. Choosing altcoins within the top 5 or maybe 10 cryptocurrencies listed on sites like Coinmarketcap should give you good profits once the market enters the bull run.

Bitcoin is obviously the best cryptocurrency for investments out there without a doubt, but having some diversification in your portfolio can go a long way because there are some altcoins that might have a better growth percentage than Bitcoin during the bull run and if you have them in your portfolio, you will get some profit as well.


Title: Re: Should we rely on prediction?
Post by: ajiz138 on September 12, 2023, 07:50:57 PM
There is nothing wrong in investing in altcoins as long as you are choosing the best ones and you have done your research before doing that so that you are not investing in altcoins that have no potential at all and your investment will simply get stuck if they take a dip and don't go up again after that. Choosing altcoins within the top 5 or maybe 10 cryptocurrencies listed on sites like Coinmarketcap should give you good profits once the market enters the bull run.

Bitcoin is obviously the best cryptocurrency for investments out there without a doubt, but having some diversification in your portfolio can go a long way because there are some altcoins that might have a better growth percentage than Bitcoin during the bull run and if you have them in your portfolio, you will get some profit as well.
Indeed, there is nothing wrong if you choose the top altcoin, they can be convinced by some of the research they have done, but I have realized that investing in altcoin will be more risky than Bitcoin, even the top altcoin is still very likely to fall. or go bankrupt like several other altcoins have experienced.

I don't want to go all in on altcoins and now don't really believe in them unless I used to.

Yes bitcoin is much better now but to diversify on other altcoins I feel it is not necessary, this is for my own assumptions and at this time, I will consider diversifying on other assets besides crypto.

Say property or other assets.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on September 13, 2023, 06:27:12 AM
Op, with all due respect to you, don't you know that last 2021 the ATH of bitcoin's value became if I'm not mistaken it reached 68k$, and after reaching that the value in the market continued to fall until now. Then the prediction is a prediction that can happen or. the prediction will not happen. That means it depends on each individual to believe. And I think many people are really hoping that 2024 or more will really plunge the value of Bitcoin in the market. But this is not an assurance that their prediction will actually happen.

And you believe that it won't get to that $68k anytime soon?
Things fell apart doesn't mean it must be in 2024 that it might get to that amount or even close. Some believe that with the positive predictions seen online, that it will surpass the current price from next year and I know for sure that Bitcoin price will have to delay for a while like the whole of this month (going up and back down) from what I'm seeing and hopefully it will start increasing again, as for now $30k is the target.


Title: Re: Should we rely on prediction?
Post by: YUriy1991 on September 13, 2023, 09:10:34 AM
Op, with all due respect to you, don't you know that last 2021 the ATH of bitcoin's value became if I'm not mistaken it reached 68k$, and after reaching that the value in the market continued to fall until now. Then the prediction is a prediction that can happen or. the prediction will not happen. That means it depends on each individual to believe. And I think many people are really hoping that 2024 or more will really plunge the value of Bitcoin in the market. But this is not an assurance that their prediction will actually happen.

And you believe that it won't get to that $68k anytime soon?
Things fell apart doesn't mean it must be in 2024 that it might get to that amount or even close. Some believe that with the positive predictions seen online, that it will surpass the current price from next year and I know for sure that Bitcoin price will have to delay for a while like the whole of this month (going up and back down) from what I'm seeing and hopefully it will start increasing again, as for now $30k is the target.

With market volatility, BTC prices fluctuate wildly every second, every hour, every day. Each Market Data Entry is structured with a bid, offer or trade. Currency pair in use. There is room to play some arbitrage buying and selling on different exchange markets, but the real issue is transaction speed and keeping your dollars to all your accounts.

Yes. It may be true that according to your prediction BTC will head to $30K before reaching $68k.


Title: Re: Should we rely on prediction?
Post by: Natalim on September 13, 2023, 11:57:22 AM
The market has a way of playing tricks on investor and traders but they hardly find it to be true, is just that they love the way the system is.
They can see the price of Bitcoin collapsing and they still have hope that in the next 2 days if I should say, that it will rise to the highest peak. And some crazy predictions has its parts to play and is some how confusing many or leading them wrong.
I can't really tell on my own if prediction has favoured many investors or traders in a long run, like they use each form of prediction to get something much profitable, like do they gain than loss?
That is why I don't believe someone who says that his/her prediction is working because the truth is that - is NEVER.
We can continue doing it (predictions) but not to the extent that we have to rely on it, we'd rather rely on what it should be on the market chart and make an analysis from that. The volatility of the market makes things hard for us to say what will happen next but guess what, We are still happy making predictions despite the fact that at the end of the day, we are all wrong. Indeed, the market these days seems not favorable to us.


Title: Re: Should we rely on prediction?
Post by: Dickiy on September 13, 2023, 12:25:42 PM
Actually, there's no harm in listening to advice when you want to invest in something as long as the advice is logical enough to understand. But everyone also needs their own stance after listening to advice from other people because basically advice from other people is not the main thing that must be relied on by someone who wants to invest with the results of their own research.

A person who experiences losing money after listening to advice from others is a person who does not have a stand in his own decisions so he will always be more easily trapped by others through soft advice. He should have done his own research before listening to advice from other people or when he has listened to advice from other people about investment, because whatever advice said by other people is only an additional option after someone has the first option from the results he has researched himself.
There is nothing wrong with appreciating and listening to other people's advice, because whatever that advice is, we ourselves determine and evaluate that advice.
And we can also consider suggestions after we have done our own research and analysis to determine what to do because this is a matter of money that we are risking to invest, so we have to be very careful. And never invest because of other people's advice without having sufficient understanding and knowledge in it. Because if the advice is wrong and you experience a loss, it is not the person's fault. But because you are too stupid with the investments you make.
So invest with adequate knowledge and understanding, and learn what is necessary including accurate information to help you in making choices and people's suggestions are only for consideration and still do your own research and analysis to determine the final result.

That's right, there's nothing wrong with listening to some advice coming from other people, they might have gone through a lot in investing especially the causes of their losses and I'm saying that they care enough about you to share all their experiences along with the advice, there's nothing else but the person just wants you to be better and not do the things they did before that can make you lose. So embrace it, it's worth it and it's not hard, I agree with the saying "take the positives and discard the negatives". You can learn or get references from anywhere including from some people who come to give advice, so I think that can be very beneficial to you because obviously it can be taken into consideration, take the positives that you think are suitable for you to apply to your trading.

Well that's right I agree with you, okay you might get advice from other people but that doesn't mean you have to completely follow the way they give it, as we've discussed this is first consider whatever comes, take the positives and use it. Because if you follow all their advice it doesn't mean 100% you can profit, sometimes even the opposite because in investing absolutely no one can predict the market perfectly. And of course if you end up losing then you'll blame them, that's for sure. I'm honestly not saying they're stupid but maybe careless. So that's it, the rest I totally agree with you.


Title: Re: Should we rely on prediction?
Post by: Quidat on September 15, 2023, 07:49:16 PM
Op, with all due respect to you, don't you know that last 2021 the ATH of bitcoin's value became if I'm not mistaken it reached 68k$, and after reaching that the value in the market continued to fall until now. Then the prediction is a prediction that can happen or. the prediction will not happen. That means it depends on each individual to believe. And I think many people are really hoping that 2024 or more will really plunge the value of Bitcoin in the market. But this is not an assurance that their prediction will actually happen.

And you believe that it won't get to that $68k anytime soon?
Things fell apart doesn't mean it must be in 2024 that it might get to that amount or even close. Some believe that with the positive predictions seen online, that it will surpass the current price from next year and I know for sure that Bitcoin price will have to delay for a while like the whole of this month (going up and back down) from what I'm seeing and hopefully it will start increasing again, as for now $30k is the target.

With market volatility, BTC prices fluctuate wildly every second, every hour, every day. Each Market Data Entry is structured with a bid, offer or trade. Currency pair in use. There is room to play some arbitrage buying and selling on different exchange markets, but the real issue is transaction speed and keeping your dollars to all your accounts.

Yes. It may be true that according to your prediction BTC will head to $30K before reaching $68k.
Arbitrage opportunities cant really be seen that commonly or often on which playing out with those margins or gaps is really indeed possible but how you would really be able to do so
if confirmation times and even with that withdrawal time is really having the delay in between exchangers? You would really be finding yourself get caught in the middle and this is something a situation
which it does not give out that good feeling but rather  frustrations and disappointment which is really that common. Relying on prediction? As if we do have a choice? We are dealing with an unpredictable market which it is really just that normal that we would really be having that kind of reaction which it would really be that impulsive and since prices are not known then we continue to make out those assumptions basing up on the analysis that we had made out earlier. It is really just that there are people who are really that impulsive and being too emotional with their current positions which it would really be resulting into those mistakes and errors.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on September 16, 2023, 01:32:04 AM
That is why I don't believe someone who says that his/her prediction is working because the truth is that - is NEVER.
We can continue doing it (predictions) but not to the extent that we have to rely on it, we'd rather rely on what it should be on the market chart and make an analysis from that. The volatility of the market makes things hard for us to say what will happen next but guess what, We are still happy making predictions despite the fact that at the end of the day, we are all wrong. Indeed, the market these days seems not favorable to us.

You think people don't still see it as a means to get something positive at this point in time?
Is best to let the market behavior lead because as an investor and you think that prediction has a way of turning things around now that the price is not even favorable then you're in for doom, let the market price decide for us and is left for us to either hold or sell, that's where I believe investors have a choice.


Title: Re: Should we rely on prediction?
Post by: Fivestar4everMVP on September 16, 2023, 04:12:45 AM
https://talkimg.com/images/2023/09/16/6EZZ3.png

This predictions I am seeing in the above screenshot which I took from the website op shared in his post; I would say is the author of that article trying as much as he can to be very conservative, that is; he tried as much as possible not to exaggerate which I think is a good thing, since he doesn't want to take the hope of his readers too high like several other authors I read and watch on YouTube do.

Anyways, predictions just as it's called, will ever remain prediction, who ever will believe completely what is predicted then does not know what the word "prediction" means or stands for , I will advice such person to find out what prediction mean in the dictionary.


Title: Re: Should we rely on prediction?
Post by: boty on September 16, 2023, 08:52:49 AM
That is why I don't believe someone who says that his/her prediction is working because the truth is that - is NEVER.
We can continue doing it (predictions) but not to the extent that we have to rely on it, we'd rather rely on what it should be on the market chart and make an analysis from that. The volatility of the market makes things hard for us to say what will happen next but guess what, We are still happy making predictions despite the fact that at the end of the day, we are all wrong. Indeed, the market these days seems not favorable to us.

You think people don't still see it as a means to get something positive at this point in time?
Is best to let the market behavior lead because as an investor and you think that prediction has a way of turning things around now that the price is not even favorable then you're in for doom, let the market price decide for us and is left for us to either hold or sell, that's where I believe investors have a choice.
There is nothing wrong with relying on predictions in investing, but it would be better if we understand well the type of investment we are going to undertake so that if we look at the predictions we can still compare them with what we already know and if we make a decision to buy or sell not completely with other people's predictions because it will be more painful if we rely on predictions and we experience losses, of course we don't want this to happen. I think we need to make the right decision to buy it or sell it so that we can make a profit and if we choose to buy and hold it for a long time then it would be better not to sell it if we haven't reached the target we have set.


Title: Re: Should we rely on prediction?
Post by: EarnOnVictor on September 16, 2023, 11:01:22 AM
That is why I don't believe someone who says that his/her prediction is working because the truth is that - is NEVER.
We can continue doing it (predictions) but not to the extent that we have to rely on it, we'd rather rely on what it should be on the market chart and make an analysis from that. The volatility of the market makes things hard for us to say what will happen next but guess what, We are still happy making predictions despite the fact that at the end of the day, we are all wrong. Indeed, the market these days seems not favorable to us.

You think people don't still see it as a means to get something positive at this point in time?
Is best to let the market behavior lead because as an investor and you think that prediction has a way of turning things around now that the price is not even favorable then you're in for doom, let the market price decide for us and is left for us to either hold or sell, that's where I believe investors have a choice.
There is nothing wrong with relying on predictions in investing, but it would be better if we understand well the type of investment we are going to undertake so that if we look at the predictions we can still compare them with what we already know and if we make a decision to buy or sell not completely with other people's predictions because it will be more painful if we rely on predictions and we experience losses, of course we don't want this to happen. I think we need to make the right decision to buy it or sell it so that we can make a profit and if we choose to buy and hold it for a long time then it would be better not to sell it if we haven't reached the target we have set.
I'm with you on this, prediction in trading is not entirely bad but one must first ascertain the credibility and trustworthiness of the prediction they are going for. Another thing about prediction is that it's better for traders to know how to trade as well, this has helped me a lot. What I do is to ensure that I confirm the prediction I received in relation to my personal analysis. This helped me a lot before I got to this present state of not using external advice to trade anymore.

But for the new traders, as they learn, they can earn through predictions too, and they should also know that there is no perfect prediction or trading analysis. So, they should get prepared for the flaws instead of blaming the prediction received entirely. There is a need for traders to manage their money and risk and have viable plans that will not ruin their accounts because of a few wrong predictions.


Title: Re: Should we rely on prediction?
Post by: Pierre 2 on September 16, 2023, 01:32:08 PM
I think predictions guide us through years that we keep trading Bitcoin. In the end we all wanna increase amount of Bitcoin we got. So I always check predictions. Even though I rely on them sometimes (for example I sold some of my Bitcoin lately because of expected bad performance in September) I always rebuy at various price ranges. Many people predicting Bitcoin going around 100k dollars next halving - I think its the most reliable prediction.


Title: Re: Should we rely on prediction?
Post by: Negotiation on September 16, 2023, 02:10:44 PM
If a person listens to other people's advice when investing, then of course such purchases will not do any good. Usually, so-called experts talk about some projects that can bring profit in the future only because of their own profit. More often it turns out that the person who listened to such advice ends up losing money.
If you want to make a profit by investing you have to invest in some good coins but you have to take risk before investing. Some times experienced investors lose their money after investing due to some small mistakes. We always have to be careful and invest. For investing I  Always support Bitcoin. Because the chance of losing money after investing in Bitcoin is very less so I think it is safe to invest in Bitcoin. There are some people who risk their money without investing in Bitcoin.
Bitcoin is a good currency to invest in one of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. The value of bitcoin investment can go up and down because the crypto market is not stable. In addition financial institutions are turning to bitcoin as a low-risk asset to invest in. As technology and financial systems change the use of cryptocurrencies will continue to grow and evolve.


Title: Re: Should we rely on prediction?
Post by: Xcode7 on September 16, 2023, 02:52:39 PM
I think predictions guide us through years that we keep trading Bitcoin. In the end we all wanna increase amount of Bitcoin we got. So I always check predictions. Even though I rely on them sometimes (for example I sold some of my Bitcoin lately because of expected bad performance in September) I always rebuy at various price ranges. Many people predicting Bitcoin going around 100k dollars next halving - I think its the most reliable prediction.
There are predictions after many indications that we believe in analyzing for the future, so I think predictions will always be used in trading.
And regarding the prediction of 100 thousand dollars in the next halving, it has become very popular and many experts have even said so, and as for the exact time this will happen, it goes back to our respective predictions, and what is certain is that many people believe that this will happen. .
And what you need to remember is that predictions are not always correct.

There is nothing wrong with relying on predictions in investing, but it would be better if we understand well the type of investment we are going to undertake so that if we look at the predictions we can still compare them with what we already know and if we make a decision to buy or sell not completely with other people's predictions because it will be more painful if we rely on predictions and we experience losses, of course we don't want this to happen. I think we need to make the right decision to buy it or sell it so that we can make a profit and if we choose to buy and hold it for a long time then it would be better not to sell it if we haven't reached the target we have set.
It sounds very strange if we rely on other people's predictions in trading. I think that even though we don't have adequate trading knowledge, when it comes to making important decisions in life, such as investing, which determines profits or losses, we certainly have to make our own choices.
And what you need to know is that predictions are part of any process in terms of estimating what will happen in the future with all the knowledge or input that we have so that we have a conclusion which is called a prediction, so of course we each have different versions.


Title: Re: Should we rely on prediction?
Post by: Fara Chan on September 16, 2023, 03:02:45 PM
Bitcoin is a good currency to invest in one of the benefits of investing in bitcoin is that the investor can profit when the price of bitcoin is high. The value of bitcoin investment can go up and down because the crypto market is not stable. In addition financial institutions are turning to bitcoin as a low-risk asset to invest in. As technology and financial systems change the use of cryptocurrencies will continue to grow and evolve.
The growth and development in the use of cryptocurrencies such as Bitcoin will become a reference for many investors to continue investing in Bitcoin and will also create an attraction for several large institutions to use Bitcoin as their investment asset. And in the future, the goodness of Bitcoin as an investment asset will become increasingly visible in the eyes of many people if every investor can experience profits through Bitcoin investment.


Title: Re: Should we rely on prediction?
Post by: YUriy1991 on September 16, 2023, 03:12:14 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

And when prices rise, people tend to reconsider the idea of buying small amounts of Bitcoin, something they may have considered in the past. Yes. Here we need in-depth knowledge of how cryptocurrencies are priced and sold among institutional investors as rates are updated every 60 seconds and wherever possible use currency market news, exchange trends, political events, analysis of common currency pairs and much more to profit from currencies. Money. buy and sell.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on September 18, 2023, 06:40:33 AM
https://talkimg.com/images/2023/09/16/6EZZ3.png

This predictions I am seeing in the above screenshot which I took from the website op shared in his post; I would say is the author of that article trying as much as he can to be very conservative, that is; he tried as much as possible not to exaggerate which I think is a good thing, since he doesn't want to take the hope of his readers too high like several other authors I read and watch on YouTube do.

From what I saw on that image above is just too messy for me and I can't imagine the price of Bitcoin getting to that amount I mean $21k this year, it should be higher like $28k.
The author really did his best not to make it look too hopeful unlike some who say something more positive like "price of Bitcoin will rise to $40k before the end of this month of September" and it will trigger the hope of some members of this Forum to start jumping for glory, but is not suppose to be so. Those dropping these predictions should always use "it may" or "I wish" whenever they're dropping an article or a quote concerning BTC price, that would help a little.


Quote
Anyways, predictions just as it's called, will ever remain prediction, who ever will believe completely what is predicted then does not know what the word "prediction" means or stands for , I will advice such person to find out what prediction mean in the dictionary.

Come on, if you have a way of breaking it down for us why not tell us what "prediction" means in a low man knowledge, and don't keep some of us in the dark. I don't have a dictionary so tell us so that some of us who doesn't know would learn and stop depending on predictions when it has to do with Bitcoin trading, you know.


Title: Re: Should we rely on prediction?
Post by: Majestic-milf on October 21, 2023, 06:58:55 AM

Come on, if you have a way of breaking it down for us why not tell us what "prediction" means in a low man knowledge, and don't keep some of us in the dark. I don't have a dictionary so tell us so that some of us who doesn't know would learn and stop depending on predictions when it has to do with Bitcoin trading, you know.
There's no other definition that will better suit prediction other than it meaning "someone's take or what someone thinks will happen". So if there are some people saying that the price of Bitcoin will be $28k or 30k by the end of the month of October, it's only their take and it's only a probability. It may or may not happen. But with the current price of Bitcoin teasing $30k at $29,603.79 as at time of writing, one will say it's a possibility that if prices continues to go up like this, we should be seeing price reaching $35-40k before the end of the year. Some traders tend to rely on these predictions and while it favors some, it won't be for some that's why most times it's not safe to depend on predictions alone.


Title: Re: Should we rely on prediction?
Post by: bayu7adi on October 21, 2023, 03:16:54 PM
It seems that everyone is aware that these are just predictions. Believing in them is, of course, a personal decision. However, never make a decision solely because it's a prediction from a renowned or competent analyst, even though they might be right. Your own analysis, one that is realistic and based on your intuition, is often better than copying someone else's analysis.

Does this mean we should disregard analyses done by others? Certainly not. We can consider them by independently fact-checking what supports these analyses. We all have ample time to meticulously examine every aspect influencing Bitcoin's price. In reality, you are the custodian of your money, and you are responsible for all the decisions you make.


Title: Re: Should we rely on prediction?
Post by: STT on October 21, 2023, 04:53:00 PM
Even a recovery to 30 or 40k is good enough to justify interest.  People like the much higher targets but its very hard to predict as those highest prices arent often sustained for long periods of time.   Ideally whatever the next peak we also raise the lowest price possible like this last cycle has seen a pullback but over years we can still mark an advancement in even the lowest prices being much higher 5 figures then the wavering back into 4 figures we had for years.


Title: Re: Should we rely on prediction?
Post by: Sophokles on October 21, 2023, 07:08:52 PM
It depends on what your prediction is based on. If your prediction is based on knowledge, facts and historical data then it can be reliable. Still there is no assurance that it will be totally correct as an unexpected scenario can occur and your facts can be invalid in that certain scenario. So you can rely on prediction at the same time, it will be wise for you to prepare for any unexpected circumstances.


Title: Re: Should we rely on prediction?
Post by: danadc on October 21, 2023, 07:28:48 PM
The predictions can go in the right direction if many agree, but this is quite clear when the majority of people who are in bitcoin can say that things are like this, the whales, the institutions all agree on something, but the opposite can happen because Things can be much better when the Stock is in an upward trend, but the technical analyzes may indicate that it has not yet Reached the next level, and I consider that with the latest ATH there is Still a long way to go before it happens , I think it will reach $40 k is a very Acceptable Figure, and it can Happen because once you step on this $30k as I had predicted, it can easily reach 40 Thousand USD.


Title: Re: Should we rely on prediction?
Post by: stomachgrowls on October 21, 2023, 08:52:28 PM
--

This predictions I am seeing in the above screenshot which I took from the website op shared in his post; I would say is the author of that article trying as much as he can to be very conservative, that is; he tried as much as possible not to exaggerate which I think is a good thing, since he doesn't want to take the hope of his readers too high like several other authors I read and watch on YouTube do.

Anyways, predictions just as it's called, will ever remain prediction, who ever will believe completely what is predicted then does not know what the word "prediction" means or stands for , I will advice such person to find out what prediction mean in the dictionary.
I do really much prefer on seeing conservative approach when it comes to price predictions rather than on seeing easy $200-500k or even $1M predictions which i would really be saying that it would really be that delusional.
Seeing those numbers above then it is really that something that considerable but totally not that too high but rather be low considering we are talking 2030 year on which we know that we can assume on having that 1 more halving period which 69k ATH would really be just that too low when it comes to that time period but well there's no way on knowing on what would the future looks like. This is why when it comes to Bitcoin investment or whatever crypto you are holding into then it would really be that always ideal on investing on the amount on which you can afford to lose so that on whatever things that do happen in the market on the future
then you wont really be that worrying that much as long you havent invested your emergency or life savings funds then you should really just that fine.

Always stick with your own analysis and never ever making yourself that listening with those FOMO like kind of price approach on which it would really be giving out
that kind of boost up into yourself but making you impulsive is really that likely but of course we do have our own choices and decisions towards investment.


Title: Re: Should we rely on prediction?
Post by: kingvirtus09 on October 21, 2023, 09:34:28 PM
I hope you will invest or you have invested in bitcoin so that you will not be one of the people that will say they have missed again. Bitcoin is going to over $100000 before 2026.

Should I say I'll think about it? Still finding it difficult to give it a try too soon, let's see how it will be like by the end of this year.
Now you have your own prediction, should I believe that by 2026 Bitcoin will get to $100,000? I can't say anything about that, my question is what are you saying about this year?
Hold on a minute did you just say by 2026, it's that a long time to wait?
Don't want investors to keep relying on this predictions unless they see it happening, if not it will be a heart break for them.

Everything the industry's experts say still falls short of expectations. This means that each individual in the crypto space can still make a forecast. Which is where we are if we believe a prediction expert's prognosis?

We are not fate tellers in the crypto sector; what are you basing your choice to take a position on in the cryptocurrency industry? None of us here can guarantee that our forecast will come true. Because it's a prediction, it hasn't yet occurred; we're like Nostradamus. But he did exactly what he claimed.


Title: Re: Should we rely on prediction?
Post by: JoyMarsha on October 21, 2023, 11:11:45 PM
I hope you will invest or you have invested in bitcoin so that you will not be one of the people that will say they have missed again. Bitcoin is going to over $100000 before 2026.

Should I say I'll think about it? Still finding it difficult to give it a try too soon, let's see how it will be like by the end of this year.
Now you have your own prediction, should I believe that by 2026 Bitcoin will get to $100,000? I can't say anything about that, my question is what are you saying about this year?
Hold on a minute did you just say by 2026, it's that a long time to wait?
Don't want investors to keep relying on this predictions unless they see it happening, if not it will be a heart break for them.
You must develop the ability to wait if you want to succeed at investing in bitcoin. Because despite what many newcomers believed, bitcoin is not a get-rich-quick scheme.

It's possible that bitcoin may reach $100k by 2026. Since bitcoin skyrocketed above $69k during the previous bull run, I don't want to dispute such a speculative belief. The same scenario might occur by 2026, but there will be a new ATH.

I believe that now is the ideal time for someone to amass as much bitcoin as they can, as the next time they see it below $30k could be in the bear market of 2027 or 2028. I'm eagerly anticipating that time. I want to be one of the Bitcoin investors who share their stories on how bitcoin investment changed their lives. 


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on October 21, 2023, 11:43:53 PM
You must develop the ability to wait if you want to succeed at investing in bitcoin. Because despite what many newcomers believed, bitcoin is not a get-rich-quick scheme.

It's possible that bitcoin may reach $100k by 2026. Since bitcoin skyrocketed above $69k during the previous bull run, I don't want to dispute such a speculative belief. The same scenario might occur by 2026, but there will be a new ATH.

You're right about Bitcoin not being a get rich quick but desperation can't let many newcomers follow how others are doing in the crypto world, they get the wrong information and they just do it the way it suit them, without considering the fact that they'll lose if they don't get the best lecture on crypto.
Since most of us don't believe or follow what the market price gives but we trust what records are given, don't you think things might turn out to be different by 2026, like the price of Bitcoin might not get to $100 before that mentioned year?
Past event has a way of tricking us if care is not taken, and I'll still say it that we shouldn't give up hope yet on the remaining months of this year because Bitcoin price has a very funny way of surprising us, imagine the price getting very close to $30k, who would have believed that October would give us something more positive than September?


Title: Re: Should we rely on prediction?
Post by: danadc on October 24, 2023, 09:55:12 PM
The price of BTC is something that we cannot predict with exactness, I did not know that index well because when I see this type of things that can occur because they are very well allocated, 76% seems to me to be a very high figure, The truth is they don't leave anything to others, I think that the majority of bitcoins are held by large institutions because they are the ones who have been able to buy a lot, I don't have a single one , but that doesn't stop me from enjoying the few satsohisi that I have, I believe that everyone lives Happily in their own way, people who have a lot of BTC don't even value what they have , I believe that the only good vote to make is to have the Bitcoin saved, because when it rises properly things will change.


Title: Re: Should we rely on prediction?
Post by: barisbilgili on October 25, 2023, 12:54:53 AM
It depends on what your prediction is based on. If your prediction is based on knowledge, facts and historical data then it can be reliable. Still there is no assurance that it will be totally correct as an unexpected scenario can occur and your facts can be invalid in that certain scenario. So you can rely on prediction at the same time, it will be wise for you to prepare for any unexpected circumstances.

Before deciding to use a prediction that we get, we need to know whether the prediction has a clear basis or not and if the prediction has a clear basis then we should not use that prediction because everyone who makes predictions does not necessarily mean they use what has been said. they make in making their investments. If you really prepare yourself to be able to face the unexpected, it will be better than using a prediction that is not necessarily true.


Title: Re: Should we rely on prediction?
Post by: moneystery on October 25, 2023, 02:24:05 AM
a prediction is just a prediction, it's just someone's conclusion based on the analysis they conducted or their guesses. because it is uncertain, meaning we cannot rely on something that is uncertain, especially for the bitcoin market which can change at any time. but predictions can be a reference for us to be able to manage our investments and what our steps will be in the future to be able to make a profit. and it is sometimes quite good to be able to refer to these predictions because sometimes what is said comes true.


Title: Re: Should we rely on prediction?
Post by: JunaidAzizi on October 25, 2023, 07:24:39 PM
a prediction is just a prediction, it's just someone's conclusion based on the analysis they conducted or their guesses. because it is uncertain, meaning we cannot rely on something that is uncertain, especially for the bitcoin market which can change at any time. but predictions can be a reference for us to be able to manage our investments and what our steps will be in the future to be able to make a profit. and it is sometimes quite good to be able to refer to these predictions because sometimes what is said comes true.
Prediction does not mean that the spoken words will always be correct but it means that we can make certain decisions based on prediction as prediction are just assumptions which can be true for sometimes but not always because market situations can change anytime based on news and demands.
We can just take help from prediction but we should not be completely dependent on prediction as it can be sometimes harmful for us. People are providing signals based on prediction and these signals work accurately as experts have made research on it and then gather whole information. Prediction can be a cause for avoiding loss because due to prediction one can assume the upcoming dip or up but if we take every step according to prediction then it will also be not a good idea.


Title: Re: Should we rely on prediction?
Post by: Sophokles on October 25, 2023, 07:44:45 PM
a prediction is just a prediction, it's just someone's conclusion based on the analysis they conducted or their guesses. because it is uncertain, meaning we cannot rely on something that is uncertain, especially for the bitcoin market which can change at any time. but predictions can be a reference for us to be able to manage our investments and what our steps will be in the future to be able to make a profit. and it is sometimes quite good to be able to refer to these predictions because sometimes what is said comes true.

Prediction can not be someone's only guess. An expert predicts something based on facts and events that are happening right now and that are upcoming in the future. Most of the time it becomes true that everyone was expecting Blackrocks ETF approval to have a heavy impact on the market and the market can rally based on that. But any unexpected change of events can prove your prediction totally wrong.


Title: Re: Should we rely on prediction?
Post by: mirakal on October 25, 2023, 11:42:24 PM

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

And it's also time for you to understand that bitcoin is a highly speculative asset, that means everyone of us here are just merely speculating including those that whom are called financial advisors and experts. Nobody knows what tomorrow comes, you can actually apply it in real life, because not every thing you've planned can be done tomorrow or two. But what separates someone who's just guessing their forecast to the one who really studied the market is that, market experts has data on the past price movements and fundamental news that has been affecting bitcoin ever since, while the other person are just simply guessing and that means the expert has higher probability of getting good results than the one who's just guessing. 
While bitcoin can be more speculative because of high volatility, but it can also be likely ascertain for those who have well understood the nature of bitcoin and how it moves in the market. Although we can't actually tell the fixed future price or value, but if we are exposed more to the market history and market movements of bitcoin, then we can still end up with a certain price that has higher probability to turn into reality.

However, its not actually wrong to listen into different predictions but we should learn to assess them one by one. For sure, at the end of the day we will come up with a prediction that creates highest probability that will take place in the future. But to be safe, never put all your high hopes in just a single prediction.


Title: Re: Should we rely on prediction?
Post by: rodskee on October 26, 2023, 04:08:52 AM


The maximum BTC price yearly, according to the  link (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction):
Quote
2023    $31,000[size]
2024    $31,000
2025    $53,000
2030    $100,000
                                    the prediction itself seems to be a falls one , because not only 31k for
2023 because we already passed that price and now sitting at 34k and still climbing that shows
bitcoin is going still strong and maybe will able to hit 35-40k anytime soon or at least this whole 
4th quarter.
also 2024 and 2025 seems to be so low , we broke 68k in the last bullrun happened in 2021 so
meaning we are going to climb more than that though you might be correct that those are all
prediction and might change against our expectations.




Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on October 26, 2023, 09:27:15 PM
Prediction can not be someone's only guess. An expert predicts something based on facts and events that are happening right now and that are upcoming in the future. Most of the time it becomes true that everyone was expecting Blackrocks ETF approval to have a heavy impact on the market and the market can rally based on that. But any unexpected change of events can prove your prediction totally wrong.

If we always use past events to say something is going to happen and we conclude that is going to come to pass in the nearest future and it doesn't, don't you think that is just a mistake to always rely on historical events?
Is suppose to be said that it might happen, that's to let those who are reading it to know is not 100% certain. But some of these guys dropping predictions will make it look like is not going to fail, and some traders do fall for these predictions, it also make them lose more money then they can imagine, because of false predictions.


Title: Re: Should we rely on prediction?
Post by: stomachgrowls on October 26, 2023, 09:32:03 PM
Prediction can not be someone's only guess. An expert predicts something based on facts and events that are happening right now and that are upcoming in the future. Most of the time it becomes true that everyone was expecting Blackrocks ETF approval to have a heavy impact on the market and the market can rally based on that. But any unexpected change of events can prove your prediction totally wrong.

If we always use past events to say something is going to happen and we conclude that is going to come to pass in the nearest future and it doesn't, don't you think that is just a mistake to always rely on historical events?
Is suppose to be said that it might happen, that's to let those who are reading it to know is not 100% certain. But some of these guys dropping predictions will make it look like is not going to fail, and some traders do fall for these predictions, it also make them lose more money then they can imagine, because of false predictions.
We can really be able to draw up those speculations basing up on the past events or simply with the history and even if we do say that there's no assurance that things would happen the same in the future which it cant really be avoided that people would really be always loving on to peek back on what actually happens on which patterns could really be that drawn and this is something that we do really tend to look upon or making it as a reference and will really be applied into our current analysis and understanding towards the market.

Relying on prediction? Even if we do say that its not something should be done but there would really be people who would really be loving on following someone when it comes into their investment or trading decisions.
Its not really something new. This market is unpredictable and totally random on which there's no way that we could really be able to determine on where it would really be going but due to those
past events and happenings or simply with those stats then we could really make out some assumption out there. It might not be precise but it is really just that much better
comparing making out some positions without having any basis or just simply that totally basing with some intuition on which its not really that recommended.


Title: Re: Should we rely on prediction?
Post by: Japinat on October 26, 2023, 09:58:05 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
The market is very speculative, so its not surprising anymore that what we have are just only predictions since we can't get ahead of the market and view its future. However, predictions if filtered and studied very well, then we can use it as our future basis in the market. There's no wrong if you rely in some predictions when you trade or invest in the market as long as you do your own research as well how did that certain prediction comes up. And when you see that there are high possible chances that it will come into reality, then try to consider it but never focus on a single prediction only but be open-minded always especially that the market is beyond of our control.


Title: Re: Should we rely on prediction?
Post by: jeraldskie11 on October 26, 2023, 11:59:11 PM
Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on October 27, 2023, 05:45:22 AM
Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.

Predicting the price of Bitcoin can never be the way the market gives us and letting others use it (prediction) is a 50/50 thing, it may be right or wrong but some traders just feel prediction is something they need to make their trading much profitable.
In some cases it can be in their favor but I assure you that traders who don't have their own trading strategy that only rely on prediction lose more than they gain and it discourages alot of them, I don't know why they can't use their instinct rather than mere prediction?


Title: Re: Should we rely on prediction?
Post by: Lanatsa on October 30, 2023, 11:41:48 PM
Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.

Predicting the price of Bitcoin can never be the way the market gives us and letting others use it (prediction) is a 50/50 thing, it may be right or wrong but some traders just feel prediction is something they need to make their trading much profitable.
In some cases it can be in their favor but I assure you that traders who don't have their own trading strategy that only rely on prediction lose more than they gain and it discourages alot of them, I don't know why they can't use their instinct rather than mere prediction?
Speculative market - Speculative approach
Unpredictable market - Unpredictable approach
Random market - Random approach

For those people who do make out claims that they are really that making those good trading results or outcome then they are just simply lying. If you are really that making money
then you would really be just simply sit still and be silent on whatever you've been doing and not try to hook up people to follow up your trading analysis or whatever it would be.
We all does have the capability or really have that ability on making our own personal approach and speculations towards prices without needing for you to follow up someone
because everything could really be just that totally speculative.

Also, it wont really be able to give that regretable feeling in case you have lost a certain trade which you do know that it is your own analysis and not on others.
The worst feeling that you could really be able to feel up on the time you would really be relying on others.


Title: Re: Should we rely on prediction?
Post by: bitterguy28 on October 31, 2023, 06:19:34 AM
A prediction is a prediction, a very volatile market cannot be relied on just a prediction, and you can't just make an analytical studies on particular market since no one knows what could its price in the next month due to its volatility behaviour. You just have to risk and invest what you can afford to lose when it comes to investment, because it can gain profits and take loses.
               - again this is the healthiest way to get into crypto investing  though speculation and prediction are covering this
 forum and the whole crypto market yet we must not forget that this is our money , and we are the one that must protected this.

                 - We all wanted the price to grow as high as million dollar but accept it that only few are investing in this dip and mostly
are waiting to when to enter again as they have already pull out their money .

Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.
                 - sometimes it turns out with luck mate that they have predicted the right market movement
(of course it is with their knowledge) but having those given predictions? mostly contradict from one another? we are lucky to find the correct one  to earn and profit ;D





Title: Re: Should we rely on prediction?
Post by: Out of mind on October 31, 2023, 03:55:12 PM
A lot of predictions have been made about Bitcoin this year, and people are very optimistic about these predictions. And I think that the predictions that have been made in the past have been correct, so we can assume that the predictions that investors are making today will be correct. Bitcoin peak ATH above $69k, we saw this event in 2021 and the Bitcoin market reached its highest level in history. Accordingly, we can expect to see the Bitcoin market hit $100,000 in the next bull season and reach this level in 2025. I think the predictions we are seeing will definitely see the Bitcoin price increase the most in 2025. As the Bitcoin halving will happen in 2024, the Bitcoin market will reach its peak and the Bitcoin market will make new history.


Title: Re: Should we rely on prediction?
Post by: flyingcarpet on October 31, 2023, 06:06:51 PM
Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.

Technical analysis is generally beneficial, but only if the market is under normal conditions. Different changes can happen in the world every day. Bitcoin is affected by changes in the world. With these changes, Bitcoin's price increase slows down, stops or decreases. Since we cannot predict the changes that will occur in the world, predictions are often not accurate.

Predictions may be beneficial to some people in terms of giving them an idea, but we should not listen to every forecaster. We must make our own analysis, being aware of the risks in the market.


Title: Re: Should we rely on prediction?
Post by: Renampun on October 31, 2023, 09:28:01 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Predictions are needed to increase market demand or generate market sentiment, just imagine without predictions it would be impossible for Bitcoin to attract the attention of many people, and usually, those who make these predictions are influential people, there are many cryptocurrencies that have never been looked at by predictors, and look at what happens to their assets, of course there is no price, right? So just make the predictions that appear on the market are just a popularity boost, but remember, never underestimate a Bitcoin prediction, usually, it will become a reality.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on October 31, 2023, 09:53:08 PM
Predictions are needed to increase market demand or generate market sentiment, just imagine without predictions it would be impossible for Bitcoin to attract the attention of many people, and usually, those who make these predictions are influential people, there are many cryptocurrencies that have never been looked at by predictors, and look at what happens to their assets, of course there is no price, right? So just make the predictions that appear on the market are just a popularity boost, but remember, never underestimate a Bitcoin prediction, usually, it will become a reality.

Prediction attract attention and at the same time it some how mislead some investors or traders, it makes some to take decision that's not suppose to be at the moment, even make some to be desperate which sometimes causes loss of funds.
Predictions are one of those things we shouldn't consider as a helping hand (to me), is best to let what comes from the market, to make us decide other than waiting or using prediction that's not sure to make a decision on our funds, I can't advise on prediction.
All these bloggers or YouTubers are only trying to make their names known gain popularity and they don't care if you lose, is just all about them, dropping predictions that doesn't relate with what the market is bringing is just not ok to always use prediction.


Title: Re: Should we rely on prediction?
Post by: kingvirtus09 on October 31, 2023, 10:49:26 PM
Of course, you should still study before you believe a trader's prediction. So I just want to ask you, Op, is it easy to believe in the predictions of others? Because if we don't know what others are saying first, for sure we will also be affected by what we did to rally here.

So do your own research that we often read here in what most community members say here in our forum. So study first and don't rush just because of the desire to get a profit.


Title: Re: Should we rely on prediction?
Post by: Dimitri94 on November 01, 2023, 04:33:47 PM
Nobody can predict Bitcoin's price, yet there is someone who is good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it, because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.
Doesn't matter how much analysis we do, it will never be completely accurate, but if we can roughly make an informed prediction considering Bitcoin's history and current state, it can be quite effective. Everything is uncertain in a trading platform but it works again according to the prediction. When the price of Bitcoin was low, many speculated on the possibility that the price of Bitcoin could rise significantly. Finally the prediction came true. We now predict that Bitcoin price will cross the $100000 in the coming days according to the current conditions but now almost everyone believes it. People  investing in trading platforms because they have predictions. Every investor invests based on some prediction. So it is the most important part in trading platform.


Title: Re: Should we rely on prediction?
Post by: Franctoshi on November 01, 2023, 05:40:53 PM
Nobody can predict Bitcoin's price, yet there is someone good at forecasting. I believe technical analysis is effective, but not completely. Sometimes forecast, especially if someone renowned for being skilled at market analysis shares his opinions on the likely outcome of the price, major traders or whales will buy it because I believe those traders don't have enough money to cause the price to rise. That's why some people thought that they predicted the price.
Technical analysis works quite fine but we the traders are the ones who make mistakes and put the blame on the system, the whole thing about the market is that is a speculative one, if it goes in your direction you win, if it goes against you, it is a loss. Just that some traders over time have studied the market behavior and predicted the market based on what they saw it do before, like using Chart patterns,  that is why it seems that some traders are better with their speculations than others.


Title: Re: Should we rely on prediction?
Post by: boltz on November 01, 2023, 09:39:59 PM
You should not rely on any predictions ( not even yours ) but you should take them in consideration as long as those predictions have actually valuable reasons and arguments of that consideration.

For now , my personal prediction of Bitcoin price by the end of the year is ~36k and I don't consider Bitcoin can climb any higher than it currently is this year but once again , this is just my predictions based on the last summer cycle.


Title: Re: Should we rely on prediction?
Post by: Yaunfitda on November 02, 2023, 01:46:41 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Predictions are needed to increase market demand or generate market sentiment, just imagine without predictions it would be impossible for Bitcoin to attract the attention of many people, and usually, those who make these predictions are influential people, there are many cryptocurrencies that have never been looked at by predictors, and look at what happens to their assets, of course there is no price, right? So just make the predictions that appear on the market are just a popularity boost, but remember, never underestimate a Bitcoin prediction, usually, it will become a reality.
I believed otherwise though, I mean technical analysis is just a practice and it's not exact, we can't really predict the sentiments of the investors. After all we are all human and their could be changes in some emotions that might affect everything around us. And for investors, it could be positive or negative. And just like any other individuals with or without technical analysis, we can make our own predictions, as it is just a wild and educated guess.

It could help at a certain extend, but nevertheless there could some parameters that the prediction can't take into account, like human emotions and sentiments. So to put into perspective the next prediction, I would say that it's better to be conservative so that we won't expect more in the next bull run. It's good if it can reach like $180k, but let's say a good 6 digit could be a good baseline prediction and then we will move from then on.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 02, 2023, 03:18:36 AM
You should not rely on any predictions ( not even yours ) but you should take them in consideration as long as those predictions have actually valuable reasons and arguments of that consideration.

Nobody has to do that when he or she doesn't believe in predictions because it has a way of making a decision for you rather than taking your time to decide. Market price is just not what we say it will be and it has to be (as in the price) it comes and goes without us knowing the next price, if it will bump or give us a dip.

Quote
For now , my personal prediction of Bitcoin price by the end of the year is ~36k and I don't consider Bitcoin can climb any higher than it currently is this year but once again , this is just my predictions based on the last summer cycle.

I think you should take that back because the price has already hit $35k which has been expected before the end of last month. Bitcoin price is going to start making a very fast movement just like it did in October before hitting $30k, now we can't say is going down but giving us a move to $35-$40k before 3rd week of November, just wait for the surprise and is not a prediction but I'm saying it base on the market price, a new month and a new journey to $40k+.


Title: Re: Should we rely on prediction?
Post by: reagansimms on November 02, 2023, 03:20:08 AM
A prediction is only a possibility that it will happen or never happen at all. Everything is still gray as long as a prediction has not been proven true, some are predicted for the future based on experiences that have occurred in the past to the present. When predictions are supported by events that have been experienced in the past, the possibility of them coming true is very large.

I have seen Bitcoin grow more than it has in recent years, now I will put aside predictions and possibilities as it is my belief that the price of Bitcoin will trade at a higher price in the future. Doubt will leave anxiety behind, but confidence will increasingly encourage you to move forward with something you believe will provide great benefits.


Title: Re: Should we rely on prediction?
Post by: FinneysTrueVision on November 02, 2023, 07:51:41 AM
According to Google the price of USDC will be over $2 in some years. This is about as reliable as any BTC price prediction you will see on YouTube or in online news headlines.

https://www.talkimg.com/images/2023/11/02/twpbT.jpeg (https://www.talkimg.com/image/twpbT)

The crypto media loves to quote guys like Tim Draper and Tom Lee because they got lucky once or twice before but these so-called gurus have been way off many times. These permanently bullish predictions are an effective way of generating clicks because you’re telling people what they want to hear but they don’t have any basis in reality.


Title: Re: Should we rely on prediction?
Post by: YOSHIE on November 02, 2023, 01:37:08 PM
With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
You have subjective thoughts, I also have a basis for speculation on Bitcoin to come in opinion. Whatever predictions currently exist, everything can be used as a benchmark for events that will occur in the crypto market, especially Bitcoin, which is informed by the various predictions & speculation that we currently see.

In theory, many crypto experts are currently speculating too high on the future price of Bitcoin, but if you look at the current world conditions and also including the global crisis, stock market, crypto market and so on and the current conditions of human life, It seems difficult for Bitcoin to reach the level of $100k, let alone speculation that says it will reach $150k, whether that can be used as a basic basis or whether it is a mess, but for now, I remain committed to my own Speculation & Predictions.


Title: Re: Should we rely on prediction?
Post by: God bless u on November 02, 2023, 03:42:28 PM
Nobody has to do that when he or she doesn't believe in predictions because it has a way of making a decision for you rather than taking your time to decide. Market price is just not what we say it will be and it has to be (as in the price) it comes and goes without us knowing the next price, if it will bump or give us a dip.

Prediction can be used only for investigations of bear or Bull season and it can only guide individuals in order to buy or sell in future but the exact price is not possible to know through prediction. Some people completely work according to prediction as they are dependent on it but in most of situations prediction are thoroughly changed as certain news and events may have special function which alter the market reaction. Price can either give you profit or loss if you depend on prediction therefore to avoid useless prediction you have to concentrate on coin because if you choose coin like Bitcoin then the chances of suffering loss will be minimum.



I have seen Bitcoin grow more than it has in recent years, now I will put aside predictions and possibilities as it is my belief that the price of Bitcoin will trade at a higher price in the future. Doubt will leave anxiety behind, but confidence will increasingly encourage you to move forward with something you believe will provide great benefits.

As the time passes bitcoin become more and more valuable whereas other old or newly arise coins go to the value of zero but bitcoin have solid base and has never its successful place in crypto space. You have to put trust in your selection because if you will find what you think so in order to be able to attain advantage you have to continue your patience until the desired price comes and you take reward as a consequence of it. One cannot say that bitcoin will disappear in future but everyone is saying that bitcoin will be more powerful in future which enhance the courage in crypto users to make investment in Bitcoin.


Title: Re: Should we rely on prediction?
Post by: Rabata on November 02, 2023, 04:46:03 PM
No one gets advance information about the future. But one can make a negative idea which we call a prediction. This term is used a lot in the general trading world. Although many don't appreciate it, almost everyone in the crypto world relies heavily on predictions. At present the prices of various assets are rising and falling according to predictions. Predictions are also used to get an idea of the future probability of an asset's price in the future. Ignoring predictions is not currently possible to trade. However, predictions are not always accurate. But depending on it we can decide to buy and sell any asset.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 03, 2023, 12:22:29 AM
Nobody has to do that when he or she doesn't believe in predictions because it has a way of making a decision for you rather than taking your time to decide. Market price is just not what we say it will be and it has to be (as in the price) it comes and goes without us knowing the next price, if it will bump or give us a dip.

Prediction can be used only for investigations of bear or Bull season and it can only guide individuals in order to buy or sell in future but the exact price is not possible to know through prediction. Some people completely work according to prediction as they are dependent on it but in most of situations prediction are thoroughly changed as certain news and events may have special function which alter the market reaction. Price can either give you profit or loss if you depend on prediction therefore to avoid useless prediction you have to concentrate on coin because if you choose coin like Bitcoin then the chances of suffering loss will be minimum.

And you'd agree with me that is this same predictions has mislead many people on when to sell or buy, those predicting can use past results or historical events to make traders to make one hell of a mistake to sell while they're suppose to hold. Sometimes it works but I won't go for prediction anytime.
I'd prefer to work on my strategy and equally follow the market price, with that alone you have a chance to avoid much loss, after all there's no business you engage in that you won't encounter any loss.


Title: Re: Should we rely on prediction?
Post by: poodle63 on November 03, 2023, 12:52:51 AM
the fact that its called prediction means it have big chance to be wrong, its not forecasting but prediction which also indirectly tells us to be prepared for the opposite outcome therefore relying on it doesn't seem to be a great idea after all we should be having our own analysis.
moreover, these prediction can be used for self fulfilling prophecy like imagine if some big company is saying that bitcoin gonna dumps, it will dumps since everyone also feared that it actually will therefore its self fulfilling prophecy.
in this case doesn't need to be reliant on these prediction, just analyse the market, see whether it fits to be invested or traded, then we will fare well against the market uncertain movements in which in most cases gonna causes lose for those that rely too much on the prediction.


Title: Re: Should we rely on prediction?
Post by: Winterfrost on November 03, 2023, 08:33:52 AM
According to Google the price of USDC will be over $2 in some years. This is about as reliable as any BTC price prediction you will see on YouTube or in online news headlines.

https://www.talkimg.com/images/2023/11/02/twpbT.jpeg (https://www.talkimg.com/image/twpbT)

The crypto media loves to quote guys like Tim Draper and Tom Lee because they got lucky once or twice before but these so-called gurus have been way off many times. These permanently bullish predictions are an effective way of generating clicks because you’re telling people what they want to hear but they don’t have any basis in reality.
These might seem basic, but it's surprisingly easy to find people on the internet who believe so much on their predictions or other predictions of Bitcoin. They rely solely on all the past event of Bitcoin and use it to justify their belief. I have heard this word; History always repeats when it comes to Bitcoin. I would love to see the outcome of  some predictions. I wont keep my hope high so much am just observing 😂.





Title: Re: Should we rely on prediction?
Post by: adultcrypto on November 03, 2023, 11:59:37 AM
You should not rely on any predictions ( not even yours ) but you should take them in consideration as long as those predictions have actually valuable reasons and arguments of that consideration.

For now , my personal prediction of Bitcoin price by the end of the year is ~36k and I don't consider Bitcoin can climb any higher than it currently is this year but once again , this is just my predictions based on the last summer cycle.
I agree with you because prediction is just like personal opinion. Market will still do what it wants to do irrespective of our predictions. Although, we must not ignore certain ingredients that are used for the prediction as most times, it turn out true. At the moment, the market is about leaving the accumulation and following market history of pre-halving year, we will begin to see some real bullish moves. This is a prediction base on past records. It will be better to make investment decisions base on this line and expect the market follow through. In a case where it fails, then it has to be accepted that way since no one can control the market.

Therefore, prediction is a guide and made with past experience. Some tools deployed for price prediction have been tested on large data with the probability coming out good. So, even though this is not a guarantee, there is some credibility in prediction.


Title: Re: Should we rely on prediction?
Post by: bayu7adi on November 04, 2023, 02:49:24 AM
Predictions shouldn't be blindly followed... we can only consider them as alternative analyses based on valid reasons. Let's approach predictions wisely, even if they come from trusted sources. The most important thing is not to easily trust others, as the responsibility ultimately lies in our own hands.

I think you should take that back because the price has already hit $35k which has been expected before the end of last month. Bitcoin price is going to start making a very fast movement just like it did in October before hitting $30k, now we can't say is going down but giving us a move to $35-$40k before 3rd week of November, just wait for the surprise and is not a prediction but I'm saying it base on the market price, a new month and a new journey to $40k+.
It is very firmly stuck at the $35k resistance point, and it looks like it is only a matter of time for it to enter the $35k-$40k level in the next few weeks. IMO, currently the lower support point is at $33,500 which if the price passes this point, we will most likely see Bitcoin go to $30k-$31k again. This is only a prediction and cannot be used as a definite reference. For long-term investors, of course there is no need to think about this, because there is still a big chance for Bitcoin to welcome a bullrun phase.


Title: Re: Should we rely on prediction?
Post by: macson on November 04, 2023, 05:12:54 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
For me, a prediction is not much different from a hope, it might happen but maybe it won't happen, but wise investors will definitely use predictions as material for consideration, apart from looking at predictions, they will collect other materials to use as additional consideration also.  i'm sure there are many traders out there who provide price predictions using analytical techniques and fundamental techniques, my advice is, never be trivial with predictions, because the percentage is 50:50, we as bitcoin investor must be able to buy stably and consistently, using the DCA method.


Title: Re: Should we rely on prediction?
Post by: Mahanton on November 04, 2023, 09:50:38 AM
According to Google the price of USDC will be over $2 in some years. This is about as reliable as any BTC price prediction you will see on YouTube or in online news headlines.

https://www.talkimg.com/images/2023/11/02/twpbT.jpeg (https://www.talkimg.com/image/twpbT)

The crypto media loves to quote guys like Tim Draper and Tom Lee because they got lucky once or twice before but these so-called gurus have been way off many times. These permanently bullish predictions are an effective way of generating clicks because you’re telling people what they want to hear but they don’t have any basis in reality.
These might seem basic, but it's surprisingly easy to find people on the internet who believe so much on their predictions or other predictions of Bitcoin. They rely solely on all the past event of Bitcoin and use it to justify their belief. I have heard this word; History always repeats when it comes to Bitcoin. I would love to see the outcome of  some predictions. I wont keep my hope high so much am just observing 😂.





When it comes to speculations then it would really be that always best that you shouldn't really that make yourself that easily believe when there's someone who would really be giving out the trading analysis or whatsover predictions towards the price.There's no way that it could really be that precise and dont easily believe that there would really be those people who do love on making up some claims as if they do really know on where the price would really be going on which it would really be that wise that you should really rather instead make on your own and never ever make yourself that relying into those so called experts.
We can really make it on our own without having those kind of following into those people on which we can also consider that we are really that as good as them. We are all speculators on here so it is really just that right
that you shouldnt really be that relying on them.

the fact that its called prediction means it have big chance to be wrong, its not forecasting but prediction which also indirectly tells us to be prepared for the opposite outcome therefore relying on it doesn't seem to be a great idea after all we should be having our own analysis.
moreover, these prediction can be used for self fulfilling prophecy like imagine if some big company is saying that bitcoin gonna dumps, it will dumps since everyone also feared that it actually will therefore its self fulfilling prophecy.
in this case doesn't need to be reliant on these prediction, just analyse the market, see whether it fits to be invested or traded, then we will fare well against the market uncertain movements in which in most cases gonna causes lose for those that rely too much on the prediction.
There's no such thing about assurance if we do speak about price predictions on which we do know that its never been that known for this market on where it would be going.
Relying into others calls would really be giving out that kind of regret on the time that it do end up on negative or simply that in red. Its better
that you would really be that making on your own rather than on relying on others calls on which i do much prefer on having my own
than on seeing someones.


Title: Re: Should we rely on prediction?
Post by: Zigabel on November 08, 2023, 12:18:53 AM
Relying on predictions isn't a good way of trading or investing either as these are mere speculations without any form of certainty, these predictions may turn out right and true sometimes while the other time it mey be wrong so, these speculations should just give us insights into the vast possibilities in the market at certain period of time, which should help us take informed financial decisions.


But all these speculations and predictions are not financial advise, so don't think by these predictions you know what the future holds with bit coin and so you can possibly project the future and see that as enough information to invest on, the future outcome may turn out in your favour and at the same time may turn out against you such that you may regret your actions, I do advice some persons to avoid been disappointed, if they must invest based on these speculations, then they should invest that which the can comfortably let go if the market turns out against them.


Title: Re: Should we rely on prediction?
Post by: idarasun on November 08, 2023, 02:59:01 PM
In my experience, if we only rely on predictions/speculation, it is not possible, because if we want to make a profit in any case, we have to really analyze it first, because speculation in any field usually results in just betting on luck.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 10, 2023, 12:04:07 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
For me, a prediction is not much different from a hope, it might happen but maybe it won't happen, but wise investors will definitely use predictions as material for consideration, apart from looking at predictions, they will collect other materials to use as additional consideration also.  i'm sure there are many traders out there who provide price predictions using analytical techniques and fundamental techniques, my advice is, never be trivial with predictions, because the percentage is 50:50, we as bitcoin investor must be able to buy stably and consistently, using the DCA method.

Predictions and hope can't be the same because predictions is something you feel will happen with a time frame given, like you say an event will occur at this particular time but hope can be any given to time, today, tomorrow or whenever as long as it will happen, is just a matter of patience.
So Bitcoin price has a way of making investors to go back to check past events or history to decide what they should do next and when using just predictions to make a choice it sometimes make them lose more than they gain, to me I prefer hoping on what the market price would bring next and with what I'll see it will make me decide on what to do next, not predicting.


Title: Re: Should we rely on prediction?
Post by: Sebas.tian on November 10, 2023, 03:33:45 AM
Yes, I agree with you that all are prediction but sometimes it come through our prediction to see all those prediction we made on a particular price is coming to pass in the community, but that doesn't mean you have the power to control the crypto market price because decentralized currency is different from centralized currency which it can be control by the government and is very easy for people to predict for it. You can see that those that predicted for $40,000 this year is like the prediction will come to pass, because the market price has increased to $37,352, show that before the end of November investors will begin to see some positive changes that will be keeping them happy till massive bullish market appear. Don't rely on prediction but you can rely on your personal research  to know if it's true for bullish market to appear this month of November or not, because those that rely on people prediction always regret when the time come for them to achieve income base on people prediction and the market price still remain the same at the moment.


Title: Re: Should we rely on prediction?
Post by: barisbilgili on November 10, 2023, 03:58:27 AM
Relying on predictions isn't a good way of trading or investing either as these are mere speculations without any form of certainty, these predictions may turn out right and true sometimes while the other time it mey be wrong so, these speculations should just give us insights into the vast possibilities in the market at certain period of time, which should help us take informed financial decisions.


But all these speculations and predictions are not financial advise, so don't think by these predictions you know what the future holds with bit coin and so you can possibly project the future and see that as enough information to invest on, the future outcome may turn out in your favour and at the same time may turn out against you such that you may regret your actions, I do advice some persons to avoid been disappointed, if they must invest based on these speculations, then they should invest that which the can comfortably let go if the market turns out against them.
In trading or investing, each person has their own way of making a profit from what they do and there is certainly nothing wrong with relying on predictions, but we have to understand the market conditions so that we don't make a mistake in choosing the predictions used in investing or trading.

Yes, you are right, every speculation and prediction is not financial advice that we can use to make a profit, there are even some people who make predictions and they fail with the predictions they make, so it would be better in investing or trading that we study it well so that we don't making mistakes in determining the decisions we will choose in the investments and trades we carry out.


Title: Re: Should we rely on prediction?
Post by: bitterguy28 on November 10, 2023, 10:49:55 AM
In my experience, if we only rely on predictions/speculation, it is not possible, because if we want to make a profit in any case, we have to really analyze it first, because speculation in any field usually results in just betting on luck.
And depend on whos sending those predictions and speculations because if those are just a random guys that trying to share their luck then indeed that we must not deal with it seriously .
though we can check their sharing if valuable and can use as pattern to our choices .

_________________________________________________________________

In my own opinion (and as what i am using also) that I also tried to add my instinct from my market analyzation and yes for sometime I have gaining though its not that biggie but for me this is worth using .


Title: Re: Should we rely on prediction?
Post by: Zigabel on November 11, 2023, 08:09:36 AM
All those prices mentioned are just speculations and are not reliable, although sometimes these predictions actually happens but they are not at the moment dependable, we have all witness the bearish movement of Bitcoin for a while and we are all expecting the bull.

In anticipation of the bull run, all these prices will definitely guard us to have possible expectations and know how well to plan what we can risk aswell, but we shouldn't make decisions base on these predictions but it's advised you always DYOR, but during the next bull run, expect something massive so from now start preparing for it.


Title: Re: Should we rely on prediction?
Post by: flyingcarpet on November 11, 2023, 06:26:32 PM
In my experience, if we only rely on predictions/speculation, it is not possible, because if we want to make a profit in any case, we have to really analyze it first, because speculation in any field usually results in just betting on luck.
And depend on whos sending those predictions and speculations because if those are just a random guys that trying to share their luck then indeed that we must not deal with it seriously .
though we can check their sharing if valuable and can use as pattern to our choices .

_________________________________________________________________

In my own opinion (and as what i am using also) that I also tried to add my instinct from my market analyzation and yes for sometime I have gaining though its not that biggie but for me this is worth using .

Predictions about the price of Bitcoin are made every day. An opinion should be formed based on the reasons given by those who make predictions based on a reason. The decision whether to invest or not should be a personal decision. I think it is a big mistake to invest based on the opinions of others and without doing your own research.

Market forecasts and the fundamentals on which these forecasts are based should be examined, analyzed and an investment decision should be made. Otherwise, daily forecasts will confuse the investor.


Title: Re: Should we rely on prediction?
Post by: Hewlet on November 11, 2023, 09:51:45 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
the fact that you are seeing prediction flying here and there is a strong message that you should accumulate more bitcoin and hodl it. There is no two ways about it. The prediction might be wrong or right but have you considered a situation where the price of bitcoin goes that high as soeculated but you didn't accumulate a single bitcoin? Also know that what you call speculation is a product of an in-depth analysis from expert in the industry and it's not just a random statement from anybody.


Title: Re: Should we rely on prediction?
Post by: adultcrypto on November 11, 2023, 10:25:16 PM
All those prices mentioned are just speculations and are not reliable, although sometimes these predictions actually happens but they are not at the moment dependable, we have all witness the bearish movement of Bitcoin for a while and we are all expecting the bull.

In anticipation of the bull run, all these prices will definitely guard us to have possible expectations and know how well to plan what we can risk aswell, but we shouldn't make decisions base on these predictions but it's advised you always DYOR, but during the next bull run, expect something massive so from now start preparing for it.
Instead of predicting price, we should look at the bigger picture. What will make price get to certain level that you see in the charts probably through a trend line or moving averages? As far as I'm concerned, the fundamental is more of a force to reckon with than even technical analysis.  For example, the news of ETF approval can send price of Bitcoin to the moon within a very short interval of time. So while predicting price using technical analysis tools might seem easier and more fascinating,  fundamental is actually what moves the market.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 12, 2023, 08:09:02 AM
the fact that you are seeing prediction flying here and there is a strong message that you should accumulate more bitcoin and hodl it. There is no two ways about it. The prediction might be wrong or right but have you considered a situation where the price of bitcoin goes that high as soeculated but you didn't accumulate a single bitcoin? Also know that what you call speculation is a product of an in-depth analysis from expert in the industry and it's not just a random statement from anybody.

Predictions might be right or wrong and you'd agree with me that most of the predictions have cost investors (as in losing more than they gain), seeing predictions coming from these experts as you call them, they just say it and expect people to follow their predictions, at the end it won't get close to what Bitcoin price is giving.
To me these experts are trying to play god in the crypto space, is ok but they shouldn't make their predictions to look like it must come to past base on past events or whatever. If they keep doing that it will some how prevent some investors to find it hard to make decisions, is best to say the prediction is 50/50 thing.


Title: Re: Should we rely on prediction?
Post by: EluguHcman on November 12, 2023, 11:42:11 AM
The reality on Bitcoin is that its investors should predict but should never to rely on any of the predictions because Bitcoin would never lost its volatiles potential due to considering its invertors at a winning or loosing just as the nature of gambling.
Bitcoin can be valuable both on the lower values or higher values because it could either attract more investors when it is low or profiting its investors at when it is high.
So... I would live to say there is absolutely advantages on whatever case or nature Bitcoin value is rated.


Title: Re: Should we rely on prediction?
Post by: EarnOnVictor on November 12, 2023, 12:02:05 PM
In my experience, if we only rely on predictions/speculation, it is not possible, because if we want to make a profit in any case, we have to really analyze it first, because speculation in any field usually results in just betting on luck.
And depend on whos sending those predictions and speculations because if those are just a random guys that trying to share their luck then indeed that we must not deal with it seriously .
though we can check their sharing if valuable and can use as pattern to our choices .

_________________________________________________________________

In my own opinion (and as what i am using also) that I also tried to add my instinct from my market analyzation and yes for sometime I have gaining though its not that biggie but for me this is worth using .

Predictions about the price of Bitcoin are made every day. An opinion should be formed based on the reasons given by those who make predictions based on a reason. The decision whether to invest or not should be a personal decision. I think it is a big mistake to invest based on the opinions of others and without doing your own research.

Market forecasts and the fundamentals on which these forecasts are based should be examined, analyzed and an investment decision should be made. Otherwise, daily forecasts will confuse the investor.
What I appreciate most in what you write is for people who are following others to also do their own research, which is the best advice anyone could give to struggling or new traders. Personally, I do not dissuade traders from gaining from the professional ones if they see themselves as inadequate, and I tell you, there are some very good analysts out there only that people might not get to know them easily as the best ones I know then didn't have their channels, neither did they trade visibly to the social space but were only contractors by banks and Forex brokers, I was only fortunate to know them.

I learned a lot through these people even as they gave their daily signals and commentaries about the market and I must say that most of them made me what I am today in trading as I've been trading on my own for about a decade ago without the help of others. This is why I encourage people to find help if they are not yet able to stand on their trading feet, it's nothing but as they use others' work, they should develop themselves as well. Before they use the work of others, they must do their own research and be sure that the source of their signals or information is a very good one.


Title: Re: Should we rely on prediction?
Post by: Hamphser on November 12, 2023, 01:49:05 PM
In my experience, if we only rely on predictions/speculation, it is not possible, because if we want to make a profit in any case, we have to really analyze it first, because speculation in any field usually results in just betting on luck.
And depend on whos sending those predictions and speculations because if those are just a random guys that trying to share their luck then indeed that we must not deal with it seriously .
though we can check their sharing if valuable and can use as pattern to our choices .

_________________________________________________________________

In my own opinion (and as what i am using also) that I also tried to add my instinct from my market analyzation and yes for sometime I have gaining though its not that biggie but for me this is worth using .

Predictions about the price of Bitcoin are made every day. An opinion should be formed based on the reasons given by those who make predictions based on a reason. The decision whether to invest or not should be a personal decision. I think it is a big mistake to invest based on the opinions of others and without doing your own research.

Market forecasts and the fundamentals on which these forecasts are based should be examined, analyzed and an investment decision should be made. Otherwise, daily forecasts will confuse the investor.
What I appreciate most in what you write is for people who are following others to also do their own research, which is the best advice anyone could give to struggling or new traders. Personally, I do not dissuade traders from gaining from the professional ones if they see themselves as inadequate, and I tell you, there are some very good analysts out there only that people might not get to know them easily as the best ones I know then didn't have their channels, neither did they trade visibly to the social space but were only contractors by banks and Forex brokers, I was only fortunate to know them.

I learned a lot through these people even as they gave their daily signals and commentaries about the market and I must say that most of them made me what I am today in trading as I've been trading on my own for about a decade ago without the help of others. This is why I encourage people to find help if they are not yet able to stand on their trading feet, it's nothing but as they use others' work, they should develop themselves as well. Before they use the work of others, they must do their own research and be sure that the source of their signals or information is a very good one.
When you are just new into this market or simply you do have plans on becoming a trader then it wouldnt really be that a bad idea that you would really be needing to have to look into those kind of speculations
and as long it would really be that just for free then it wont really be that a bad idea on trying out to learn something from it until you would really be able to make your own and make out some comparison
and trying out to determine on which is better or something that you could really be able to apply. It would really be just that normal that this market is really that been flooded out by lots of
speculations around on which it is really just that depending on you whether you would really be that applying those or would really be that relying on your own.

Also, it doesnt really give out that kind of feeling in speaking about regrets because you do know that you are making that kind of decision which is basing on your own
not on others. Regrets do usually happen when you do follow someone but ends up on loss.


Title: Re: Should we rely on prediction?
Post by: jeha2015 on November 12, 2023, 02:31:21 PM
For me, a prediction is not much different from a hope, it might happen but maybe it won't happen, but wise investors will definitely use predictions as material for consideration, apart from looking at predictions, they will collect other materials to use as additional consideration also.  i'm sure there are many traders out there who provide price predictions using analytical techniques and fundamental techniques, my advice is, never be trivial with predictions, because the percentage is 50:50, we as bitcoin investor must be able to buy stably and consistently, using the DCA method.

Even though the predictions are not one hundred percent correct, at least we have a reference to look at in the future. Like the recent rise in Btc prices indicating not only a temporary rise but also a good start to a potential larger increase in the future. Additionally, predictions are usually based on cycles, and we've been through several cycles and the predictions were almost spot on. I personally benefit from following trading predictions because it gives me hope to keep dca on bitcoin.


Title: Re: Should we rely on prediction?
Post by: bestcoins1 on November 12, 2023, 03:34:30 PM
Even though the predictions are not one hundred percent correct, at least we have a reference to look at in the future. Like the recent rise in Btc prices indicating not only a temporary rise but also a good start to a potential larger increase in the future. Additionally, predictions are usually based on cycles, and we've been through several cycles and the predictions were almost spot on. I personally benefit from following trading predictions because it gives me hope to keep dca on bitcoin.
If you just want to maintain your DCA on Bitcoin, you actually don't need to worry about prices or price predictions in the market. Because you can do DCA at any time if you are not really focused on selling it at a certain time or in a certain cycle, but if you want to follow a four year cycle with the hope of being able to sell Bitcoin at a higher price after accumulating it using the DCA method, that clearly makes you to see and read several predictions that might be a reference for you even though they are not one hundred percent correct.


Title: Re: Should we rely on prediction?
Post by: Negotiation on November 12, 2023, 05:56:48 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.
the fact that you are seeing prediction flying here and there is a strong message that you should accumulate more bitcoin and hodl it. There is no two ways about it. The prediction might be wrong or right but have you considered a situation where the price of bitcoin goes that high as soeculated but you didn't accumulate a single bitcoin? Also know that what you call speculation is a product of an in-depth analysis from expert in the industry and it's not just a random statement from anybody.
It is quite difficult to understand the situation for the crypto market not to be stable faced with the reality investors investing in bitcoin futures are reaching high prices. If you can correctly predict what the price of bitcoin will be tomorrow you can go long or short or simply trade money. To a certain extent yes but certainly not with reasonable certainty and high certainty. There are some factors that can be taken into consideration when trying to predict the future price of bitcoin.


Title: Re: Should we rely on prediction?
Post by: bbigtart on November 13, 2023, 11:34:31 AM
the fact that you are seeing prediction flying here and there is a strong message that you should accumulate more bitcoin and hodl it. There is no two ways about it. The prediction might be wrong or right but have you considered a situation where the price of bitcoin goes that high as soeculated but you didn't accumulate a single bitcoin? Also know that what you call speculation is a product of an in-depth analysis from expert in the industry and it's not just a random statement from anybody.
Especially predictions on bitcoin. It's true that not all predictions are correct, but most of the predictions from experts are close to correct. So it is not wrong for us to continue to follow the predictions of experts while analyzing it ourselves so that we receive more information so that we make decisions that are not wrong in investing.

As many experts predict that in the next two years Bitcoin will reach a new ATH, of course they predict this based on the history of Bitcoin itself. I have a passion for buying BTC because I read a lot of predictions from experts in the field. It's not completely accurate, but there's no harm in listening to lots of predictions to add to our own insight.


Title: Re: Should we rely on prediction?
Post by: YUriy1991 on November 13, 2023, 02:59:56 PM
Especially predictions on bitcoin. It's true that not all predictions are correct, but most of the predictions from experts are close to correct. So it is not wrong for us to continue to follow the predictions of experts while analyzing it ourselves so that we receive more information so that we make decisions that are not wrong in investing.

As many experts predict that in the next two years Bitcoin will reach a new ATH, of course they predict this based on the history of Bitcoin itself. I have a passion for buying BTC because I read a lot of predictions from experts in the field. It's not completely accurate, but there's no harm in listening to lots of predictions to add to our own insight.

All that is conveyed by price observers is that they provide a purchase option but not an obligation and of course it comes back to us in the end whether we want to follow their advice or stick to our own policy for participation and always pay attention to prices carefully before buying because bearish movements if we pay attention tend to be relatively short and sharp. Meanwhile, bullish movements take time to build and develop.

January 2024 is the most awaited moment.


Title: Re: Should we rely on prediction?
Post by: ndutndut on November 13, 2023, 04:26:58 PM
If you just want to maintain your DCA on Bitcoin, you actually don't need to worry about prices or price predictions in the market. Because you can do DCA at any time if you are not really focused on selling it at a certain time or in a certain cycle, but if you want to follow a four year cycle with the hope of being able to sell Bitcoin at a higher price after accumulating it using the DCA method, that clearly makes you to see and read several predictions that might be a reference for you even though they are not one hundred percent correct.
This is very true. If we use the DCA strategy we will not worry about the price because we are investing in Bitcoin for the long term and of course the target we want is also bigger for the future. The dca strategy will eliminate feelings of doubt about the many predictions that appear in various media, because we believe that this four-year cycle will definitely repeat itself in the next few years.

So our focus is only on buying bitcoin within a certain period without caring about the current price of bitcoin because our focus is only on our investment target. Most short-term predictions are always wrong, but long-term predictions are mostly right, at least almost.


Title: Re: Should we rely on prediction?
Post by: milewilda on November 13, 2023, 08:42:40 PM
Especially predictions on bitcoin. It's true that not all predictions are correct, but most of the predictions from experts are close to correct. So it is not wrong for us to continue to follow the predictions of experts while analyzing it ourselves so that we receive more information so that we make decisions that are not wrong in investing.

As many experts predict that in the next two years Bitcoin will reach a new ATH, of course they predict this based on the history of Bitcoin itself. I have a passion for buying BTC because I read a lot of predictions from experts in the field. It's not completely accurate, but there's no harm in listening to lots of predictions to add to our own insight.

All that is conveyed by price observers is that they provide a purchase option but not an obligation and of course it comes back to us in the end whether we want to follow their advice or stick to our own policy for participation and always pay attention to prices carefully before buying because bearish movements if we pay attention tend to be relatively short and sharp. Meanwhile, bullish movements take time to build and develop.

January 2024 is the most awaited moment.

You are the ones who would really be responsible with your actions and its true that no one really forces us to follow those people or signals that been given on which it would really be always falls down into your own decision whether you would really be following and taking on the same path or would really be just simply skip and would stick with your own analysis on which we do know that it would really be all according into our preference. The one you should be blaming on the time that you had done on following someone none other but "you". You wont really be that so dumb not to know on what are the things that you've been doing.
Its true that you arent that forced to follow on which you do have the rights on blaming someone just because you have lost a certain position?

If you dont like for these things to happen then you should really be that sensible towards into your decisions and never ever make yourself that consider on following someones decisions.
If you do see that it is really something considerable on trying out to apply it into your own then this is the time that you would really be making out such thing.
We are all speculators on here on which it would really be just that normal that mistakes are really that happening yet no man or trader does have that 100% winning trades
which we know that it is impossible.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 13, 2023, 10:51:40 PM
The reality on Bitcoin is that its investors should predict but should never to rely on any of the predictions because Bitcoin would never lost its volatiles potential due to considering its invertors at a winning or loosing just as the nature of gambling.
Bitcoin can be valuable both on the lower values or higher values because it could either attract more investors when it is low or profiting its investors at when it is high.
So... I would live to say there is absolutely advantages on whatever case or nature Bitcoin value is rated.


I prefer investors to only rely on their strategy to make better profit so that if you lose, you only have yourself to blame and when it comes with a huge profit you know is all your doing.
Is really hard to see investors not looking at predictions and many base on some of these YouTubers who do things just to promote their channels and they get their predictions wrong.
No matter how high or low Bitcoin is, it always attract investors and at this point I feel many would continue buying more.


Title: Re: Should we rely on prediction?
Post by: BitcoinsGreat on November 13, 2023, 11:26:44 PM
All those prices mentioned are just speculations and are not reliable, although sometimes these predictions actually happens but they are not at the moment dependable, we have all witness the bearish movement of Bitcoin for a while and we are all expecting the bull.

In anticipation of the bull run, all these prices will definitely guard us to have possible expectations and know how well to plan what we can risk aswell, but we shouldn't make decisions base on these predictions but it's advised you always DYOR, but during the next bull run, expect something massive so from now start preparing for it.

We should be careful when checking the price predictions from different experts who give us different values of the bull market target. Most of the time these targets are not realistic and are very high and the prices does not reach during the bull market. Like in the last bull market people were saying that bitcoin will reach 100,000$ but it never reached that target. Those who were anticipating this price target got stuck and did not sell.

The whales uses these high prediction bitcoin price as a trap to influence the retail not to sell early.


Title: Re: Should we rely on prediction?
Post by: kotajikikox on November 14, 2023, 03:48:56 AM
we can use predictions because there are tons of them and almost everyday there are new releases but the problem is can we do really rely? nope because none of those are concrete and correct.
better to use your own analysis and add some instinct to see what comes yourway .
but for now dig more understanding first , specially the volatility and the consistency ,
bitcoin is safe but if you can afford to keep it holding longer time.


Title: Re: Should we rely on prediction?
Post by: knowngunman on November 14, 2023, 11:22:13 AM
the fact that you are seeing prediction flying here and there is a strong message that you should accumulate more bitcoin and hodl it. There is no two ways about it. The prediction might be wrong or right but have you considered a situation where the price of bitcoin goes that high as soeculated but you didn't accumulate a single bitcoin? Also know that what you call speculation is a product of an in-depth analysis from expert in the industry and it's not just a random statement from anybody.

But come to think of this, I don't think this is a nice approach as far as investment is concerned. I do agree with you that bitcoin predictions are often based on extensive analysis but they are still just predictions. Even the most well informed analysts can get things wrong some times and you have to keep in mind when investing in Bitcoin that the price is extremely volatile and even if the predictions are right, the price could still fluctuate wildly in the short term. It's therefore very wrong to consider investing using someone's analysis without having to do your own research. Some of these analysts have no concrete evidence to support their analysis and it some times turn out to be a deception while it some time play to their favor.


Title: Re: Should we rely on prediction?
Post by: Dunamisx on November 14, 2023, 01:48:58 PM
Maybe we should use speculations in this regard, we cannot be hundreds percent accurate in what we predicted about bitcoin market price, everyone is only trying his best to make the perfect diwcovery out from what we read through the bitcoin market price chart flow, there are times we can be accurate about it all and also times we may not get the right target, but we are most closed to the right situation on the market trend when we speculate.


Title: Re: Should we rely on prediction?
Post by: ivankoh on November 14, 2023, 02:10:25 PM
Get an intuitive look at what has been predicted and how it has happened in the past. I think that believing in predictions is completely reasonable because future movements in certain times and spaces will not be random. The process of making predictions is analyzed based on past and present data to make predictions that may happen in the future. Looking at the bitcoin market, that long winter is starting to thaw as a cycle has played out in the past. That is exactly what was analyzed and predicted. So, clearly the position and importance of bitcoin has returned. Personally, I have faith in my own predictions.

Predictions about the price of Bitcoin are made every day. An opinion should be formed based on the reasons given by those who make predictions based on a reason. The decision whether to invest or not should be a personal decision. I think it is a big mistake to invest based on the opinions of others and without doing your own research.
Yeah, I agree! Whether or not to believe the predictions is each person's decision. It can be right and wrong, just like a belief, we can see it! And it's better to do your own analysis and overview before starting.


Title: Re: Should we rely on prediction?
Post by: flyingcarpet on November 14, 2023, 02:44:30 PM
Even though the predictions are not one hundred percent correct, at least we have a reference to look at in the future. Like the recent rise in Btc prices indicating not only a temporary rise but also a good start to a potential larger increase in the future. Additionally, predictions are usually based on cycles, and we've been through several cycles and the predictions were almost spot on. I personally benefit from following trading predictions because it gives me hope to keep dca on bitcoin.
If you just want to maintain your DCA on Bitcoin, you actually don't need to worry about prices or price predictions in the market. Because you can do DCA at any time if you are not really focused on selling it at a certain time or in a certain cycle, but if you want to follow a four year cycle with the hope of being able to sell Bitcoin at a higher price after accumulating it using the DCA method, that clearly makes you to see and read several predictions that might be a reference for you even though they are not one hundred percent correct.

It is important to focus on investing without worrying about whether predictions are right or wrong. Acting on forecasts can cause us to make mistakes or shift our focus. It is true that forecasts are made based on cycles. It is also necessary to consider the possibility that the recent rise may not be permanent.

The investor who makes DCA also has the opportunity to think comfortably. Investing by following certain cycles and knowing how to wait is very important in investing.


Title: Re: Should we rely on prediction?
Post by: AakZaki on November 15, 2023, 08:58:25 PM
It is quite difficult to understand the situation for the crypto market not to be stable faced with the reality investors investing in bitcoin futures are reaching high prices. If you can correctly predict what the price of bitcoin will be tomorrow you can go long or short or simply trade money. To a certain extent yes but certainly not with reasonable certainty and high certainty. There are some factors that can be taken into consideration when trying to predict the future price of bitcoin.
The main factor is of course how the trend is working at that time and what the fundamental condition of crypto is. There are no accurate predictions, making predictions will only help read how the market picture will occur in the future according to existing data. Taking a long or short position also requires thinking about a backup plan and using a stop loss to anticipate when the price does not match what is predicted. Ii is all about how predictions work and what happens when predictions don't produce the right results.


Title: Re: Should we rely on prediction?
Post by: Onyeeze on November 15, 2023, 09:19:32 PM
You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction


Title: Re: Should we rely on prediction?
Post by: milewilda on November 15, 2023, 09:30:37 PM
Even though the predictions are not one hundred percent correct, at least we have a reference to look at in the future. Like the recent rise in Btc prices indicating not only a temporary rise but also a good start to a potential larger increase in the future. Additionally, predictions are usually based on cycles, and we've been through several cycles and the predictions were almost spot on. I personally benefit from following trading predictions because it gives me hope to keep dca on bitcoin.
If you just want to maintain your DCA on Bitcoin, you actually don't need to worry about prices or price predictions in the market. Because you can do DCA at any time if you are not really focused on selling it at a certain time or in a certain cycle, but if you want to follow a four year cycle with the hope of being able to sell Bitcoin at a higher price after accumulating it using the DCA method, that clearly makes you to see and read several predictions that might be a reference for you even though they are not one hundred percent correct.

It is important to focus on investing without worrying about whether predictions are right or wrong. Acting on forecasts can cause us to make mistakes or shift our focus. It is true that forecasts are made based on cycles. It is also necessary to consider the possibility that the recent rise may not be permanent.

The investor who makes DCA also has the opportunity to think comfortably. Investing by following certain cycles and knowing how to wait is very important in investing.
Better not make not make yourself not minding much about those things yet this would really be just that make some stir into your mind about on how things been doing.You've need to adjust yourself and realize
that you've been playing or dealing up on a market on which it is really that truly volatile and random on which it would really be normal that prices cant really be predicted on where it would be going.
Predictions made by us would neither be a hit or miss no matter how well you do really be able to make one. You cant really that be able to make sure on what are the things that could happen.
So it would be getting to have that kind of approach so that you wont really be making yourself that too impulsive if there something happened unexpectedly.

Also, it would be that recommendable that you should really be that depending on your own analysis rather than on following on someone, somehow it wouldnt be also a bad idea
if you are trying out to snip some idea on others speculation too on which you could really also make some learnings out of others approach on which
you would really be simply needing to be versatile.


Title: Re: Should we rely on prediction?
Post by: MarjorieZimmermanGinger on November 16, 2023, 06:47:54 AM
You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction
This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.


Title: Re: Should we rely on prediction?
Post by: Winterfrost on November 16, 2023, 05:00:26 PM
You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction
This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.
Are you in one way accepting that we should depending on the prediction of someone will feel has more ability or understanding of the market structure than us?  Literally i wouldn't do that. If am unsure of my predictions I can decide to look into others prediction, which is not a bad thing to do but I won't depend on their prediction. If my mind doesn't accept what they have predicted I will look into more predictions from other person, do more research before I take my conclusions.

Still the ball is still in my court. I can choose to accept the prediction because I have analyzed and see it's not bad and I can still decide to follow my own prediction. Relying on someones prediction may at some point disappoint you. What if the predictor was not active for some period how would you do, will you stop predicting the market and wait for his return? Or you would find another predictor.

Think about it!


Title: Re: History matters
Post by: STT on November 16, 2023, 05:25:54 PM
Dont rely on anything absolutely, the pattern or behavior of the market is more important then its exact pricing.   So you cannot trade off exact numbers, the price action right now in BTC seems to indicate this quite well.   Depending where you draw the long term Fibonacci lines  we are either challenging the recovery of the ATH or we've just beaten it.   We have to look at how its acting to say which is the best description.   Im lucky that I drew both, this is just a side topic so I'll post the recent daily cap of us reacting to that potential:
https://images2.imgbox.com/0a/98/p836WwuK_o.png
On another chart I think it could be drawn as support now at 35k.   I do have that somewhere, there is no one view and so people may not like TA as its not able to say for sure.  I think it can improve chances of a good trade as trends do repeat even if they falter, I still have to say the price action is positive hence the recent bounce.

   Simplicity is best, dont draw anything just look at 2022 opening months these prices were often the lows.   Its often  the case prior turning points continue to be a fork in the road we stop at to determine direction, trades open and close in this area even 18 months later it seems.
  In 2022 it held here for 5 months before falling through the floor and we've not climbed back here really until now.


Title: Re: Should we rely on prediction?
Post by: stomachgrowls on November 16, 2023, 09:30:16 PM
You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction
This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.
Are you in one way accepting that we should depending on the prediction of someone will feel has more ability or understanding of the market structure than us?  Literally i wouldn't do that. If am unsure of my predictions I can decide to look into others prediction, which is not a bad thing to do but I won't depend on their prediction. If my mind doesn't accept what they have predicted I will look into more predictions from other person, do more research before I take my conclusions.

Still the ball is still in my court. I can choose to accept the prediction because I have analyzed and see it's not bad and I can still decide to follow my own prediction. Relying on someones prediction may at some point disappoint you. What if the predictor was not active for some period how would you do, will you stop predicting the market and wait for his return? Or you would find another predictor.

Think about it!
We are all speculators here on this market and doesnt matter if you've been just new or old into this space then all of the things that we do speculate wont really be that 100%. The only difference comparing those noobs into those experienced one is that they could really be able to assess things according into their awareness into this market. There would really be a significant difference among the two about their approach and actions to be made on. Relying on someones prediction? In some part, then it could be yes but only snipping out some idea with others speculative approach too on which just like been said by some people on this thread
that its not a bad idea to get some ideas on other people. You are the ones who could really be able to see out whether it would be beneficial or not.

It would be always that best if you are really that basing with your own analysis and mold up something that you do seem that it would really be that better. If you do see that others analysis
is something that realistic or have that good approach on certain market conditions then its up to you whether you do copy it completely or would really be
just that getting some idea and apply it into yours.


Title: Re: Should we rely on prediction?
Post by: taufik123 on November 16, 2023, 10:27:11 PM
-snip-
It would be always that best if you are really that basing with your own analysis and mold up something that you do seem that it would really be that better. If you do see that others analysis
is something that realistic or have that good approach on certain market conditions then its up to you whether you do copy it completely or would really be
just that getting some idea and apply it into yours.
Copying completely is foolish, there should be a filter about applying someone else's analysis.
It should be as simple as this, Look, Observe, Copy, and modify.
If it has been modified then it can be applied and it will not be the same as someone else's analysis.

Any prediction that comes from someone else is not allowed to be used in full, it needs some approach to see and review how the prediction works.
No prediction is 100% accurate, there will definitely be some errors and these errors can be minimized.


Title: Re: Should we rely on prediction?
Post by: romero121 on November 16, 2023, 11:29:52 PM
Prediction is the process through which we were able to complete our buying/selling. The market is speculative by its development, and the same makes the need of prediction much needed than relying with on the go investment. We should go through the chart and the same will give better understanding about the variation between years. Later when we relate the events that had happened around the cryptomarket we'll get to know about the reason behind the market bounce. In all market situation we should have the ability to predict the market ourselves taking in the prediction of experts as the reference. This way we can make closer prediction about the market and blaming others when something goes away from what is being expected.


Title: Re: Should we rely on prediction?
Post by: MarjorieZimmermanGinger on November 17, 2023, 04:22:48 AM
Are you in one way accepting that we should depending on the prediction of someone will feel has more ability or understanding of the market structure than us?  Literally i wouldn't do that. If am unsure of my predictions I can decide to look into others prediction, which is not a bad thing to do but I won't depend on their prediction. If my mind doesn't accept what they have predicted I will look into more predictions from other person, do more research before I take my conclusions.
Of course, I am one of those people who accepts the consequences of predictions and although I don't always rely on other person predictions, I have to admit that other person predictions are much better than my own predictions. The problem is that person don't follow the predictions of person who have the correct structure and they try to follow some predictions of people who understand bitcoin like us. Seeing that predictions don't just rely on one person and maybe you have to combine several other predictions, then decide on a conclusion based on your own study?

Still the ball is still in my court. I can choose to accept the prediction because I have analyzed and see it's not bad and I can still decide to follow my own prediction. Relying on someones prediction may at some point disappoint you. What if the predictor was not active for some period how would you do, will you stop predicting the market and wait for his return? Or you would find another predictor.
When someone understands the meaning of predictions correctly, they will definitely know that something predicted by someone else also has the potential to be wrong. The final decision is not completely made based on other people's predictions because we have choices that can be implemented. If we don't lose a lot, we are given thoughts and instincts but don't use them. In conclusion, look at some predictions from people who understand market structure and Bitcoin, then decide after doing your own research because that level is much more correct.


Title: Re: Should we rely on prediction?
Post by: pinggoki on November 17, 2023, 08:45:35 AM
You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction
That's not going to be enough because prediction will still be a prediction, it means that even if they were right the last time, it's not a guarantee that they will be right on their other future market predictions. In fact, it could be only be a coincidence that they were able to be correct about their prediction so be careful about following people that are saying that were right about their predictions last time because they might be wrong this time. Maybe if those predictors are able to give some information that can back up their predictions that is in a way convincing and is plausible to happen but that's going to be one hell of an information to be presented that you will be able to convince people to believe your predictions in my opinion, it's not just some simple stuff like what's currently happening but something that will affect even those outside the market.


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 21, 2023, 05:23:24 AM
Maybe we should use speculations in this regard, we cannot be hundreds percent accurate in what we predicted about bitcoin market price, everyone is only trying his best to make the perfect discovery out from what we read through the bitcoin market price chart flow, there are times we can be accurate about it all and also times we may not get the right target, but we are most closed to the right situation on the market trend when we speculate.

Some people who does this prediction thing they say it and sometimes make it look like is going to be the way they predicted it, nobody knows the future of Bitcoin and nobody is ever going to get it right. All you see is guess work even on some of these blogs. Bitcoin price movement is the best in giving us what's real.
If in some cases what they predicted fall in line with what market price gives us you'd see how the predictors feel like they knew it will happen so we should just let it be, let's use what we see to do the trading.


Title: Re: Should we rely on prediction?
Post by: kingvirtus09 on November 21, 2023, 07:15:07 AM
Maybe we should use speculations in this regard, we cannot be hundreds percent accurate in what we predicted about bitcoin market price, everyone is only trying his best to make the perfect diwcovery out from what we read through the bitcoin market price chart flow, there are times we can be accurate about it all and also times we may not get the right target, but we are most closed to the right situation on the market trend when we speculate.

If you doubt your own technical analysis so that you can make a prediction on a crypto asset, make yourself believe in the prediction of others who you think are confident that their prediction or assumption made in the analysis of trading will happen.

But if you have a deep understanding of trading and know how to use the trading tools, it is better to trust and expect your own prediction and not the analysis of other traders here in crypto trading.


Title: Re: Should we rely on prediction?
Post by: slashz9 on November 21, 2023, 10:47:30 AM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.


I think the predictions will not be too different from reality because they predicted, but the estimate that November should fall turned out to be wrong, but there are still 10 days before November ends.
Then December is usually the month Bitcoin declines every year.


Title: Re: Should we rely on prediction?
Post by: EarnOnVictor on November 21, 2023, 05:11:50 PM
You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction
This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.
Thank you for the question, and let them come out and say if there is a way to deal with the financial market successfully without predictions. Good or bad, you have to predict and trade with predictions.

Traders and investors, new or old must rely on predictions, there is no alternative to this. The predictions could come in many ways but must be from speculations as many methods are there to get these speculations, which are the guide to put traders and investors through in their trading and investment quests.

I don't join anyone to underscore predictions because there is no alternative to it, it has to be done, or else investing in that market would be a blind one which is never advisable. But one thing every trader/investor should write at the back of their minds is that speculative predictions are not an endorsement of what would happen. When the source is good, there is no way the prediction will not have a higher degree and percentage of accuracy. Personally, I rely on the market predictions to act and there is nothing anyone can tell me without using my own brain when it comes to the fundamental reviews. Then I later go to my trading chart to do my own analysis for the last confirmation. It's from there I get my recent predictions of what the market would do both in the long and short-term trading scopes.

In other words, there is nothing anyone can do about this, predictions are needed, you need a guide as you trade unless you just want to be wasting your time. Only that it's better we are analytical ourselves rather than relying on external financial advice from unfounded people, which is one of the reasons why many people fear predictions.  


Title: Re: Should we rely on prediction?
Post by: Sexylizzy2813 on November 21, 2023, 08:49:31 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.


I think the predictions will not be too different from reality because they predicted, but the estimate that November should fall turned out to be wrong, but there are still 10 days before November ends.
Then December is usually the month Bitcoin declines every year.

Reality and predictions not that different, you think so?
Well, to me I think there's a big difference, with reality is what we're into, that we see. But prediction is some how like what we want to happen.
With 10 days to go I don't know if we could see a change in the price and I feel some of these guys who give us their predictions, this is when they feel what they say will happen on Bitcoin price which to me never happens and they always get it wrong. Can't really say what December will start with but I hope to see a huge amount of Bitcoin price.


Title: Re: Should we rely on prediction?
Post by: naikturun on November 22, 2023, 03:04:01 PM
Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions.  CLICK HERE  (https://www.techopedia.com/cryptocurrency/bitcoin-price-prediction)

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Predictions are made based on analysis of existing data that has occurred in the past. Predictions are made to estimate the possibility, even though it is not accurate, at least it will be close. For example, when the clouds in the sky are cloudy and it hasn't rained yet, people predict that it will rain even though it hasn't rained yet.