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Author Topic: PREDICTION IS SOMETIMES LIKE A FALSE PROMISE  (Read 20926 times)
Golftech
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January 03, 2019, 09:44:07 AM
 #21

Not sometimes, most of the time those who are giving predictions only wants to make an exit so after they've gave their assessment they eventually the first one who will sell it out after the fomo's and make a good value of their holdings.
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January 03, 2019, 02:48:15 PM
 #22

Nobody knows what happens in the future, and we can only make predictions and speculate for a profit, and crypto is therefore a big risk and if you take the wrong choice then you get a loss.

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January 03, 2019, 05:20:37 PM
 #23

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
Even we can't predict that for next few days,since it is highly volatile.The predictions are done by the single people so its just their opinion but the price of bitoin depends by the whole crypto community so everyone's mindset is the reason how the market moves maybe the predictions are just the promise to keep ourselves invested on cryptos.

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January 03, 2019, 05:41:15 PM
 #24

Its better to trust your own instincts and research, most predictions and analysis are false better not to rely your investment tactics to anyone. I stop viewing analysis videos due to most of them are just garbage and clickbait instead I’m more focus on developments in crypto space that will trigger natural growth.
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January 03, 2019, 05:52:12 PM
 #25

Bitcoins are really unpredictable as bitcoins are highly volatile and many early investors have predicted that the price of bitcoins will cross $ 50000 USD by year ending but still the price is around $ 3700 USD, there will be a huge leap in the bitcoin market, and all the investors are waiting for the market to recover and then bitcoins will be considered as the number one asset, as the prices hit the highest point.
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January 03, 2019, 06:34:40 PM
 #26

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
This is why I have always suggested people to use stuff like "I think.." or "I guess" and what not before they make any predictions, not only it leaves you out of the burden if someone listen to you but it also drops the rate of people who read that and react accordingly.

Someone with influence over bitcoin followers can go up and say "I am not really sure but I assume it might be going up" or say "Price is definitely going up, no way its not", and one would create some hype but with a care and create just "hope" while the other one is aggressive and would create this urgency in people to buy right away before it goes up. This is not just for people with huge influence of course, it works on everyone but on different scales. That's why always try to be cautious about what you say.
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January 04, 2019, 03:51:38 AM
 #27

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.

You know the truth, and you know the reality what was going on in the market. We don't have to always believe of the prediction as it's hard to prove. We can draw as much line as we can, but it always depends on what will happen in the market and depends on what trader do with the price. But sometimes, some event can lift the price to the higher price because people think that it will bring something different than before so many traders will make a buy order or sell order depends on the situation.

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January 04, 2019, 07:20:48 AM
 #28

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
Prediction is like a false hope recall in 2017 when btc attained an ATM of $20K there were a lot of predictions and speculations flying around  that the price of bitcoin will reach $50K however all became null and void because prices of Cryptos dumped and a lot of investors were disappointed.

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January 04, 2019, 07:32:31 AM
 #29

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
Prediction is like a false hope recall in 2017 when btc attained an ATM of $20K there were a lot of predictions and speculations flying around  that the price of bitcoin will reach $50K however all became null and void because prices of Cryptos dumped and a lot of investors were disappointed.
until the end of 2017, many investors are tempted to invest, so that in various ways to be able to invest, to become indebted to the bank. and after that throughout 2018, a downward trend occurred, so that they were consumed by unclear predictions. of course they were very disappointed, to the point of despair and panic selling

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January 04, 2019, 08:07:22 AM
 #30

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.

anyone can predict the price, any prediction with the price is just an assumption meaning there was no basis and assurance that it will happen,estimating the price over a short period of  has a huge possibility to happen because of basing to the current market price.
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January 04, 2019, 08:40:39 AM
 #31

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time.
You are right, a prediction may work and may not. We cannot do anything about that. For example, you follow some expert and he is giving some predictions and in market it is happening then are you going to reward him ? I am sure that is not a practice at all. Something will apply when their predictions fail. We cannot blame them. Because, we only need to take care of our hard earned money. We should not blindly believe someone else for making important financial decisions.

Maybe, we can only estimate the value of assets for the next few days like weather experts.
We can have other's predictions for the reason of having some overall idea. We need to do our own due diligence. So that, we may get accurate picture of market movements. If we just follow someone else then that will lead to unwanted results most of the times and may give profits some times. Doesn't this sound like gambling ?
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January 04, 2019, 09:08:30 AM
 #32

I have come to realize in this Cryptocurrency market that there's no one that can accurately predict the market price movement of Cryptocurrency.
This could be attributed to the high volatile nature of Cryptocurrency.
But there are some analysts who are good in getting close to correct price prediction but not 100% good.
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January 04, 2019, 09:42:33 AM
 #33

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.

I'm glad that you really learn one of the most valuable lesson in crypto. For majority, specially newbies, they really thought that the price would go on parabolic rise, but it's not always the case and will not happen. The market works on a cycle, just like a weather so there's no exact science for predicting the price specially that everything is based on pure speculation and crypto is also a volatile asset as well. Sometimes others predicted the price accurately, but it doesn't mean that they will hit their prediction all the time. And please don't believed in this so called "experts", they are just like you and me, speculators in this market.

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January 04, 2019, 10:01:50 AM
 #34

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
Predictions are not always right, moreover the person who makes the prediction is new and doesn't know much about it, which are most likely is wrong. even weather experts' estimates can also be wrong, I think you should be able to get used to crypto fluctuations because like weather estimates with the help of tools and algorithms, the result can be wrong.

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January 04, 2019, 10:25:49 AM
 #35

yes, that is why many traders try to apply their knowledge to be able to provide predictions for the cryptocurrency coin price movements, but they are sometimes incorrect and coin price movements cannot be predicted all depending on the demand in the exchange.
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January 04, 2019, 12:45:57 PM
 #36

bitcoin is difficult to predict and many people have predicted the price of bitcoin in 2019, but for me just to keep thinking positively and hope for the best for bitcoin
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January 04, 2019, 02:43:24 PM
 #37

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
yes, you can't even predict a near future. the future is something very difficult to predict and we should not try our luck. We should look at the value and strategy of altcoins to evaluate whether it will pump in the future. I think that's the important part that we need to talk about rather than predicting without analysis.

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January 04, 2019, 02:51:37 PM
 #38

In this world no one has predicted anything to be true 100%,
Prediction, like a dream or a dream or more precisely playing a bet, sometimes almost on target can sometimes slip as far as possible so that the conclusion conclusions cannot be taken 100% truth,
hah, no one knows what happened for the future only God knows what happened next, this is the same as Bitcoin.
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January 04, 2019, 02:58:15 PM
 #39

well., therefore, we certainly do not only depend on predictions of many people or some prediction experts, it is good if we prepare all the things that can cover whatever is happening with some efforts to covering up any conditions that make us lose or not as planned.

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January 04, 2019, 03:20:38 PM
 #40

Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
No prediction can not be 100% right. Therefore based on any innovation this is just the possibility of the price being closer to any side. Compared to other assets, the trading of digital currencies seems to be a little more failure to comply with the law. On the other hand, if it obeys the law, we will see volatile movements in our dream.  Undecided
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