Why you should stay off from market prediction

[adb32ub]

I think, that there is only one right prediction-it's your own prediction, your own research.

[nydiacaskey01]

Even in the real world, market prediction or forecasting is essential. A new business will not be set up with out  market prediction or forecasting. Its almost the same as forecasting in the price of Bitcoin. But forecasting needs to be supported with datas and facts like historicals and important date. Example is the Chinese ghost month where Asians try to avoid making business decisions or set up a new business during that period. There would be an impact on the price of Altcoins and Bitcoins just like what happened last year and the other year.

[cheezcarls]

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 highly agree with your statement, especially #1 and #2. Last time, when analysts predict that Bitcoin would skyrocket its value because of Consensus 2018, it failed and even go deeper than expected. I would say that I should stay away from those predictions even if the analysts are right in the past few years in price predictions. Instead of predicting the price, I would rather go productive on what I have been doing to sustain and putting Bitcoin holding and trading on the side.

[Luthfiyaaa]

I agree with you, we should stay away from market predictions. we must be able to keep ourselves from being influenced by market predictions. because it will make us confused. if you want to invest or trade, we must first study the market price, so we are sure when investing and not affected by the prediction that maybe wrong

[rickyNmorty]

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.

But our prediction may vary on what did the researchers' conclusion. We did not merely guess on what is going to happened, but the fact that we do research in order to prove what we believe is one thing, moreover we are in a hypothetical guess where as it is an intelligent guess, not proves we are not speculating with a mere value in it, but read reliable basis. But really it differs om perspective. One thing that is clear, bitcoin will be the future.

[Slavyanskiy]

You just need to analyze the news yourself and draw conclusions. With experience, you can independently make predictions.

[bits4books]

 In one hand I can agree with you that this is dangerous to follow the fake prediction but in another hand I can say that I am not an expert to make my own predictions about the movement on the market.

[autotoss]

You have point though but how do we study the market without 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 only if we believe in it.

[Dudeperfect]

It is definitely true that we should not blindly trust others opinion and predictions without doing our own research. As we all know that, no one can predict an accurate future but fundamental and technical analysis methods allow us to predict the possibility of trends that might take place in the market in the future and we might use it as one of the parameters while framing the investment strategies. However, relying on it is not recommended.

[Rumayanhi]

Prediction is actually difficult and a little confusing at the same time because we do not know what will happen.
if I personally predict something I rarely do because it often makes me disappointed

[perova93]

the growth of bitcoins and the entire crypto market is very incomprehensible! for a few years, I realized one is nobody and can never tell how much bitcoin will cost tomorrow! you can only guess! but the only thing I say is that in any case, everything always grows up!

[thetruth123123]

Prediction is totally fine. It is stupidity. 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 might man and go on.

[dekumidoriya]

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 think you are right because doing things like predicting something if you don't know anything about it will only make you frustrated which then leads you to think with a narrowed perspective about something which is kind of looks dumb to me because in the end you just used your time just to do something that might not happen.

[lekam0213]

True,it is really not a good idea to depend your decision only on preditions. Read a lot, study a lot and stand what you had read do not be dependent on others prediction because it really give you bad emotions instead stand on your own decision because it will give you positive result.

[jundy020]

There is nothing wrong about the predictions, you will still have the right to decide whether you will follow or not. Predictions are just a guide by people who cares or it is just made to take advantage on us and they will benefit but in the end of the day, Predictions are just nothing, market will still decide what is going on and no one knows what will happen.

[minhlee95]

I am of the opinion that you can study forecasts, even a few, but still draw your own conclusions and be guided only by your decisions.

[PAES23]

Yes you're right saying that prediction can be wrong. But prediction helps us study the market. You just need to understand the fundamentals of cryptocurrency to success here. You must know the basics, like bitcoin fluctuate so much, so you need to but when the price goes down and sell when the price goes up.

[richardson1128]

The only thing needed to know are the factors affecting the price change, some of them can be seen in news via television or internet. We need these factors/information to atleast see something to happen in the future price of bitcoin.

[SUDARMONO]

it is true that predictions are not entirely true, and I think if we invest in the long term it is better to buy bitcoin consistently every month so that we are not much affected by prices.

[Sadlife]

Price speculation or price analysis whether it's fundemental or technical is not actually bad cause it reduces the amount you might lose thus you can predict whether the price will go uptrend or downtrend. Yes it's not 100% accurate but it's still helpful to lower loses and speculate when to cut losses.