Why you should stay off from market prediction

[Glydel1999]

I think the reason why we should stay off from market predictions is that many people only rely on this and not make alternative plans,
all things are not accurate so you should always make a plan b instead it may not happen.

[Virtual miner]

Obviously the predictions about the market can be wrong. But this does not mean that you should stay away from these predictions. What investors should do is to always listen to such predictions from the top experts carefully, but do not believe in them or follow them blindly. The ultimate decision should always be yours. Do your own research and study the market and see whether those predictions appear true or not.

[Lingqingyi]

Then most of the time you should have your own judgment.
Because crypto money markets are risky, if you rely too much on the judgment of others, you may make the wrong decision.

[bitfocus]

Well, prediction is a must when it comes to Investment. for long-term investors, prediction is really the core of investment strategy.

[xvids]

Yes it is true you should really stay off from market prediction it is just a prediction it doesn't mean that it would really happen,
You should trust your own and don't listen to what other people says it is your money so do it at your own risk.

[Cowming88]

Well, we have our own prediction about the bitcoin price, we do not know when it will increase or decrease, no one know what will be the real happen to it, I think you don't need to stay away from bitcoin prediction  but rather to decide in your own whether you believe on it or not.

[jaaeeeyyyy]

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.

Very well said, speculations is the main source of bitcoin's price achievement. Imagine if no one spread the positivity towards bitcoin ? imagine if no one speculated that bitcoin could do so much? I guess all of us give a hit on bitcoin last year, or even buy to expect a profit from it. Also that made bitcoin as an speculative asset, because of speculation due to its trend.

[ethereumhunter]

sometimes market prediction cannot give the truth and some of the people just using the others to follow their step but that person is only giving a bad news and only want to make people become panic. maybe you can read the news about market prediction and then you can make your own market prediction with your skills so you know what you need to do regarding the market conditions. you can follow the market prediction but only to collect much information about the market so you can make your own decision.

[djmixen]

Prediction on bitcoin have no good result on us, if you believe on it then after that not happen, you will lose some of your bitcoin too, its better to go with the flow, like if the price of bitcoin is down,then buy or invest some of your savings, and if the price is higher then sell your profit.

[Darz299]

Market predictions are also required in the trade.What we need to do is have a prediction where the market direction we should try to pridict so we will get used reading the charts and various news considerations we read.So we are not dependent on market predictions market by others

[Kittygalore]

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.

This was a concise and precise list that we can consider in the process of holding bitcoin. The first one is very correct, because even the hyphothesis can be wrong sometimes, we should believe in bitcoin not in the predictions. The second, it may seems that you will have the ideas of having theory in mind and it is not a good thing, because theory are not true and just a mere theory amd bitcoin is not a theory it is existing. Third is as same as the second, it is not a good thing in crypto world. The fourth and fifth can limit minds in terms of thinking what the bitcoin can give. And lastly it is all on the critical thinking and decision making on decision to what to do.

[gasparyu]

I think you should be specific that we should stay off negative market predictions only since we thinking that the price of bitcoin will be very high in the future is a form of prediction. Positive speculations can actually influence the price to rise as it can increase the confidence of the community to the market.

[75Gs]

I think that way, I see a lot of important people predict upcoming price bitcoin. Some say if the price of the bitcoin will return in days last year in which the increase occurs. Yes everyone could predict, but I see nothing much doing market analysis.

[somebadger]

Well, therea re too many people making fake predictions and that is one of the reasons of why there is too much fud on the entire market. The same happened on december, because of the bullish predictions, there was too much hype

[Cynthia Andradee]

I don't think you should stay off all of the predictions. In fact, predictions play an important role. Investors in stock market have to read such articles to consider what they should be going to do next. The predictions from reliable sources may be wrong but it's still helpful. The problem is what sources you choose to consult, and to what extent you should listen to them.

[Brenda Karenn]

Predictions are not all but I don't think we should trash them. There are many predictions which are excellent and worth reading. You can't put everything in the same category. Without such advice, our own predictions and decisions may be one-dimensional.

[adhikari98]

It is true that we should stay off from market prediction because no one knows how market reacts, whether prices goes up or down and we should ignore the rumors regarding market prediction. But at the same time trading is impossible without predictions and speculations. Therefore, prediction and speculation depends on risk which investor is taking. A highly speculative investor would predict how market behaves and does trading accordingly and passive investor just purchase the crpto and leave it for capital appreciation.

[v_Harley]

A lot of people who like to predict the market, they don't actually make a lot of money, but they can make fans' money by predicting the market, and I hate analysts like that.

[ballerin and giroud]

At least by looking at the various predictions of the market in the future will make me will always be sure crypto currency will give a profit. Whether it's a good prediction or a negative prediction about crypto currency. The movement of the price of crypto currency is very vulnerable to various speculations, so by continuing various predictions at least will make me get a profit or save my investment from loss, this is why I will always see a prediction about crypto currency.

[vv181]

Analyzing other people prediction could be useful at some point. It gives us a new perspective on the market. The problem is a lot of newcomers make a prediction as their first source of strategy. They are all thought the one who makes the prediction is an expert, so they following it blindly which is it really a bad trading strategy.