Why you should stay off from market prediction

[9jaflick]

As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.

Here are few reasons why you shouldn't engaged with it (market/price prediction)

1. Predictions can be wrong

2. Listening to predictions makes you a speculator

3. Listening to predictions makes you an onlooker

4. Price prediction gives you nothing for today, only false hope

5. Listening to price prediction makes you think in one direction

Finally

Don’t let speculation and assumption make you decide what to do.

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[avikz]

Prediction is the core of bitcoin market. Without prediction, entire market is bound to fail. We invest in bitcoins because we believe that the value of bitcoin will be high in future. That's one kind of prediction.

Also majority of the crypto trades are based on short term predictions. If people stop predicting/speculating bitcoin's price, the market movement will be halted and the growth will be stopped. Bitcoin is largely a speculative asset. Without prediction, nothing will be achieved.

[darkangel11]

I rarely rely on other people's predictions, but I sometimes think about it and watch the charts trying to understand what's going on. You have to realize that price is an indicator of potential problems. I don't believe that there are people holding coins worth hundreds of thousands USD and not reading a single prediction. It's like with any hobby that you might have. A car needs maintenance, a pet needs care, your investments is not an exception.

[bhadz]

This is market is speculative and that's why many are believing these predictions especially if it came from a popular person who made riches through investing. There's nothing wrong if you'll get yourself start believing these predictions, what you need to do is have your prediction on where the market is going. Since they are here to stay, you should start analyzing so you'll start depending on your own market analysis after reading charts and considering the news as well.

[abanansah]

Predictions are the basis of trading on which decision are made. There is no sure thing in crypto trading and all things are base on speculations from traders and analyst.

[Indrawan77]

If there is no speculation there wont be any trading happen, speculation is a very important things to make the traders buy and sell, and speculation could be pretty accurate if its backup by the accurate and updated data, so not all the speculation is giving a false hope, many people got profit from speculation, the most important thing is, you need to do your own speculation dont listen to other people speculation

[UniQue7]

Predictions are actually hard and a bit confusing at the same time as you don't know what will happen but if your good at predicting things then give it a shot.

[pitiflin]

You're using the wrong word. Prediction is totally fine. It is stupidity and not doing due diligence. I really don't look at price prediction, even if people keep saying that the price will go high up or low down. Just stay with your gut man. A true investor won't give a crap about those price predictions from random people. Personal due diligence is everything. Before you invest, do your check, look out for news and then put money where your mouth is.

[elachious123]

I am not a fan of market prediction or signal forum, I have lost through believing in their prediction many times so I stopped been a fan of signal or prediction market.

[acheampong64]

you have point though but how do we study the market without predictions? Everything is based on predictions. Even sometimes science is based on predictions and so I think they're good. We've just got to be very careful and make good choices out of predictions

[kotajikikox]

As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.

Here are few reasons why you shouldn't engaged with it (market/price prediction)

1. Predictions can be wrong

2. Listening to predictions makes you a speculator

3. Listening to predictions makes you an onlooker

4. Price prediction gives you nothing for today, only false hope

5. Listening to price prediction makes you think in one direction

Finally

Don’t let speculation and assumption make you decide what to do.

Prediction and speculation a out bitcoin future is normal, it's because people are exciting to the price increase when goes up the price of cryptocurrency if bitcoin goes into the moon.
Specially the traders continue to monitor and analysiis the market when is comes to increase their price of the bitcoin and altcoins prediction them own expectations.

[andohyeb]

A good idea to emulate, predictions are not what give success in cryptocurrency. Predictions even makes ones judgement poor and it will be hard to make the accurate forecast from your own analysis. The earlier one get off with it, the better.

[wiik]

Yep , those market predictions just give you headaches . It'll ruin your strategy , i myself once believed on those people . Tho theyre correct sometimes , but that's almost only 40% of the time. We could just easily consider them as an advice or guide on what to do next . But if you are constantly updated to the latest happenings then you could just ignore those market predictions .

[kickdapa]

Totally agree with you. I stopped following any kind of predictions many days ago. Because We every crypto people already have seen lots of prediction goes to the wrong. There is no one who knows the crypto market exactly, It is not possible. No one controls the crypto market. Following the prediction always gives a false hope. After breaking that hope people become lost too. So, don't run before any kind of prediction. Do your own research.

[r32godzilla]

I do agree that we should not totally rely on predictions for taking decisions but without considering predictions,then how could we react in crypto market?Then based on which sources we should act?

[neliawesome]

Yes thats a big check that if you want to succeed in crypto world first thing to do is stay away from market predictions.Thats why it is called " predictions " because its only a hearsay or a speculations but its not accurate.All your decisions will be interrupted and affected when you will listen to those predictions and might end up regretting.Thats why its better to do some research on your own.

[pooya87]

it is hard to understand what you are trying to say since you are mostly playing with words here!

there are two different things that you should not confuse with each other.
1. the random idiots on the internet and those who want to push the market in their desired direction, these people are spreading bullshit on the internet in the name of "prediction". for example those who say bitcoin will fall to $3000 and those who say bitcoin will rise to $50,000 by the end of this year. you should ignore these.

2. speculator. this means someone who does some good analysis of the market and shares it online. some of (not all) the posts on TradingView.com are like it. these are good to look at and see what is going on. it doesn't make you anything if you do it! you don't have to follow them and take them as granted. they are just analysis and can be right or wrong.
in a way when you are investing in bitcoin you do need to have some analysis of the market so you have to learn it. unless you are 100% in bitcoin as a currency.

[btcluisdiki]

I believe that people should not rely more on predictions or speculations since there is no definite assurance
that guarantee it will increase the price immediately. It's better that you should be observant on the current market trend and study its pattern on your own.

[Jating]

Well first of all the market is really notorious and very hard to guess. So making predictions is really foolish and those making predictions are either know that stuff that well so make ridiculous claims or just wanting to get media attentions and predict the price of bitcoin (without having TA as least) but then later on they eat their words because bitcoin moves on the opposite direction.

So for me, there's like FUD based predictions and self fulfilling like those big investors trying to influence the investors and are very bullish and continue to speculate the price could make good gains just like John McAfee. If he can elicit positive sentiments because of his predictions, then I'm sure that he will continue to do until its becomes the thought of a lot of investors fulfilling his dream to make huge money in return.

[vit05]

How will you invest in something if you do not foresee the future of this asset? You need to find some logic to get an idea of the amount you should pay.

For example: I believe that Bitcoin has a large market as a store of value. So I predict that it will come to have a market value close to similar assets like gold and silver. I also predict that with LN it will be a great payment alternative between different currencies, like Dollar - yen. So I imagine it will cost at least 20% of this market.

With this I can also predict projects that have another purpose. As for example Cardano, which I believe will be the best solution for smart contracts. There is a whole niche market in this sense that has not yet been explored. International negotiations, service constraints, etc.

These markets are worth trillions of dollars. Which would put these projects with a value at least 10 times higher than the current one.