Why you should stay off from market prediction

[yndye]

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.

Other people's idea of the market is a guide as well for you to know the market sentiment so that you can act upon it. You do not need to necessarily follow their suggestions but instead you will know what they think about it and then assess it yourself if it is align with your trading plan. There is also an advantage of taking a look at other's speculation because you can have a different perspective that may be helpful for your trades and learn from it as well.

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[BagzMM]

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.

Yes i do agree on your statement. There are lots of speculations in the cryto world that made people alert on whats going on in the market. Then starting on analyzing on what would be the best thing to do to be able to get the good profit.

[Oasisman]

1. Predictions can be true as well, and in crypto space we are living in pure speculation and predictions.

2. Even without listening to speculations, you can and will be an speculator. Ex. By trying to look at the historical chart of price movement, how would you react with your next investment move? Speculate right?
And the rest of your guidelines is redundant.
What you have posted completely contradicts the idea in crypto space. There are reliable TA's that guides you along the way.

[2start]

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.

I agree with your opinion We still need prediction but not prediction from other people I mean, we have to find valid data and predict with that data, prediction from others or experts may be made in addition and consolidation of opinion only .

[Maclyn19]

Prediction is important. It already becomes the bloodstream of this investment. Because of you don't predict and don't believe on it then there's nothing to trade. I invested in bitcoin because of the belief that at some time my investment will go high which is a form of prediction. I predicted that the price will go up and that is the time for me to sell my bitcoin. I also predicted that after selling and if the price goes down back again then I will buy more BTC because that it is the time for me to re-invest. So, see it? Prediction is always used.

[Xenrise]

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.

For me all of those things are just something to remind a person whether he or she will listen to the prediction or not. Well, this is my answer, ALL OF THOSE PREDICTION ARE JUST PREDICTION. It is up to you whether you'll follow it or not. Some people are scared to take risks, some people do take risks. Remember in cryptocurrency all things you are doing is risking. This includes trading and buying of bitcoins at different rate.

Note: If you're just a newbie in crypto, take care in following some predictions. Some of those are fake but some are real. Although we have experts, experts tends to fail also.

[zolfa]

if you think an investor's prediction is a mistake, then, what should the investor do? in my opinion, a prediction is part of the market analysis.

we do not expect to predictions, but we expect on the volatility that profits us.

so, I think predictions are no problem, and do not affect the crypto market. even sometimes good predictions can eliminate the panic.

[9jaflick]

if you think an investor's prediction is a mistake, then, what should the investor do? in my opinion, a prediction is part of the market analysis.

we do not expect to predictions, but we expect on the volatility that profits us.

so, I think predictions are no problem, and do not affect the crypto market. even sometimes good predictions can eliminate the panic.

It is fine to make predictions within yourself as an investor, but taken other people's (investors) predictions to action Is what you should avoid. Experts are bound to fail when making predictions, 90% of their claim never comes to light.

[Choyor]

Predictions are part of the way we work in investing, without which market predictions will fail, and I am confident and optimistic that the price of all coins will spike in the future, and this is part of the prediction.

[Cryptosis]

I am not a buff of activity forecast or chitchat assembly, I activity cast away terminated accepting in their forecast assorted interval so I stopped-up been a buff of chitchat or forecast market.

[bitfocus]

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.

thumbs up

[cryptoscorsese]

Could not agree more. Without prediction there is no market

[Dewi11]

not all predictions are true and that's just einstein's imagination, This is a speculative market, do not be too confident with someone's prediction

[m.mendoza]

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.

For us to not be in panic mode. we have to find valid data and predict with that data, prediction from others or experts may be made in addition and consolidation of opinion only. Some of those are fake but some are real. Although we have experts, experts tends to fail also.

[Eigig]

We should stay off from coin market predictions  because they are all speculations with no proof that it was really happenning ,we not believe until the digital figure of the price value of the market can be seen ,and we conclude that the season is now the true events, not just we believe immediately from those predictions.

[BelieveInBTC]

I completely ignore any kind of market predictions, even positive ones. People change their mind too often and I hate when someone does so when there is an occasion. There are so many different opinions that no one should take them seriously. Cryptocurrencies are relatively new and no one knows what is going to happen to them. I'm positive about their future.

[longwintershere]

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.

absolutely. I see no reason why someone who can predict the future would share that with anyone else. Only thing I can think of is that they're just trying to manipulate the markets...

[Catch-22]

I only listen to positive forecasts. There’s not much historical basis for analysts to predict future prices anyway. I’m with those people with sunny disposition.

[nioctiB#1]

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.

I agree to this. I admit that when Im just a beginner in cryptocurrency market I usually rely on predictions and analysis being posted in some articles and news. But I already stopped relying on those because I had an experience of making a bad move after listening with those predictions given by other people. But I have to disagree to your #2 statement because we are all speculating the price of all of those cryptocurrencies.

[bhadz]

Yes i do agree on your statement. There are lots of speculations in the cryto world that made people alert on whats going on in the market. Then starting on analyzing on what would be the best thing to do to be able to get the good profit.

And right now, I'm starting to believe that before the great bull come we have to come all over through a massive dumps like what's happening again.

For us to not be in panic mode. we have to find valid data and predict with that data, prediction from others or experts may be made in addition and consolidation of opinion only. Some of those are fake but some are real. Although we have experts, experts tends to fail also.

We don't predict data's and correct that experts are tend to fail too but as a trader, you have your own decision to study and apply what you have learned and heard.