Do you still believe in predictions of "experts" about the bitcoin price?

Quote from: Gabb on September 07, 2018, 09:55:17 PM

I believe that we should never trust 100% in any prediction about it, even if that person is presented as the greatest expert or master on the subject, because we must always keep in mind that at the beginning of 2017, when the price of bitcoin was just in $1,000, none of those alleged "gurus" was able to predict that the price of bitcoin would reach $20k some months later. And besides, neither was able to predict the tremendous collapse that the market would suffer next.

If those relevant historical events went completely unnoticed by the "experts", I think none of them has real bases to present themselves these days announcing that bitcoin will reach this or that price by the end of the year.

Most of the "experts" are paid and always make predictions that favor them, so of course any prediction is useless without an in-depth analysis of who, when, and why made it.

it's not a prediction in the sense of crystal ball- its saying team A has 16.8% chance of winning which is the best next to team B with 16.52% chance. The actual outcome does not disprove the value of the probabilistic analysis- you need to look at a track record of many predictions and outcomes. I guess this sub just isnt at that level of basic critical thinking

They are experts because they know what to do to mitigate risk when things go wrong. It's not about being right 100 percent of the time.

Quote from: JenkinsCharlie on September 11, 2018, 09:36:10 AM

They are experts because they know what to do to mitigate risk when things go wrong. It's not about being right 100 percent of the time.

Can't wait when the first big banks enter the Bitcoin market. Soon the rest will follow, not because they believe in it but because they want to mitigate risk and not looking foolish against those other banks if they didn't make the bet too.

I recommend looking for experienced professionals, choosing information that will be useful to you. I still believe some experienced people I know.
There are many Bitcoin news sites and Bitcoin Investment Advisers on the Internet, most of them talking about other people's opinions, even guessing.

Though it is not ideal to base your judgement of price rising totally on prediction but in every field there are experience professional that can predict what the future holds due to their years of experience. I will advice than to always put a clause in the prediction not to sound 100% sure.

yes, im still believe the prediction of the expert have of basis but do not though or expect that will happened 100 % still only a prediction sometimes is failure..

I do not believe in predictions and loud statements of experts! all predictions are made at random. if it matches, the expert will get a lot of followers. if it does not match,then the excuses sound like this: it is a crypto-currency market and its movements are very difficult to predict. in fact,I do not know any expert who could really predict something about the crypto-currency market.

Predict on digital currency is not so easy. It si too much tough to predict on bitcoin. Bitcoin price is now volatile. So i can't believe in prediction about the bitcoin price.

Predictions are speculations are just a necessary fundamental of the market, this helps persons to agree within themselves the actions to take or not, although a lot of the expert predictions will just fail.

Bitcoin is very unpredictable, so it's impossible to say exactly how much it will cost. You can call the price as close to the price as possible. I advise you not to listen to the opinions of experts, even if they are competent. Their opinions will differ and you will simply get confused.

No, I don't believe on predictions of experts about bitcoin Price. Let you say that They know what Future is and They know what will the price of bitcoin is. I hate those Signals that tell what will be the next price of all tokens and other currencies. So many fail and not even one is true and correct.

No way! I can see that even the rate of predictions is weaning. Bitcoin prediction has turned sour.

I do not believe in predictions from experts. because crypto currency is very difficult to predict by anyone. and predictions depend heavily on luck. Crypto currency can be analyzed and manipulated by anyone, so there is no need for predictions from experts.

I think some people do not know one factor about those who have knowledge of a particular things or a particular flied that a person who know every think they will never reveal anything until someone do not ask them by pressure.So, why you people trust any other person while doing our own investments because they advise according to their past investment and they never reveal some things such as their budget of investments and their financial status.So,i advise you that invest according to your own pocket that how much you can afford to bear and use your own knowledge and experience.

Not at all because i do believe that bitcoin's unpredictable rise and fall of its market price can sometimes make their predictions way off the mark. But i can't deny the fact that their predictions (if it's in favor to bitcoin's rise) can give me morale when the market is bleeding.

Quote from: yurekaa on September 11, 2018, 11:53:30 AM

Nobody can foretold the future lies ahead about business there's a lot who will relies on prediction because there are predictions that would come true or hit almost what's predicted, and that's predictions that based on statistics or statically sounds done by experts and conducted surveys, because everything in number will follow a normal curve that would dictate the prediction.

anyone can predict including us but the truth cannot be ascertained because among those who predict there must be an opposite direction so they both have the same opportunities to be right.
that is definitely a lot of dropping and many are defending so I don't believe in predictions except my own predictions even though I'm not an expert.

It is quite hard and almost impossible for someone to convince me about a prediction. Usually I am following the graphics and I try to deduce my own predictions

Predictions are just ideas of a person or group of people who study the matter in question and after taking expert's view they gave some statement which we all treat as a prediction now it may be right or wrong because predictions are not truth these are all guess about a particular matter, now it is all upon you weather you believe it or not.