INVESTING BASED ON MERE PREDICTIONS

[upyem2k]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

[1714860170]

1714860170

[1714860170]

1714860170

[Periodik]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

People really have to realize that whatever prediction they stumble upon on this forum, on social media sites, on chat channels or rooms, and wherever online are as good as theirs. Predictions are just like that, mere predictions. It could serve as a guide but it is not a sneak peak of the future. The future could be the total opposite of what is being predicted.

My advice is to learn to make predictions themselves, acquire skills in analyzing charts, read news and updates, and so on. For all we know, the prediction that they are reading is coming from a noob trying to appear a pro. The internet is a free universe, everyone could say whatever.

[bitkanu]

It will not, the prediction based investors are always trading their money in the market but this will be affecting the longterm based investors who only hold their money in the wallet. The prediction based investors are always jumping from one to another coin and never try to keep the same thing for the long term.

For me, a party who will get a really big impact is the long term holders of bitcoin. It looks so sad but prediction based investors always winning the game. 

[fortunecrypto]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

It is and people should stop believing in these predictions even if it comes from so-called experts see what happens to Mcafee's predictions that it will hit 1 million this year, just do your own predictions, it's ok to check people's predictions but at the end of the day your decision is what matters, it's your money anyway.

[r_delossa]

The majority has already understood that nobody can predict market movements, due to high volatility and manipulations. Nothing can replace your own research, do not listen to strangers on the internet and do the work on your own.

[ChrisPop]

First of all the people who make altcoin/crypto/stocks/fx predictions are not financial advisors in 99% of the time, so the question is why would you listen to them. People need to invest wisely especially when their hard-earned money is at play. Moreover crypto is a relatively new industry with not so much liquidity and volume in comparison with the forex or the stock markets.

My advice is simple: always but always do your OWN dilligence! You can take into account other people's opinion about the market but your decisions must be made based on your research on the market movements.

[Barracuda]

Prediction is just a prediction.
If the beginners in that year (2017) immediately believe in all the predictions. And until now they have not recovered their losses, it cannot be blamed on the person who predicted it. Because in a crypto space like this, they should be responsible for what they do at that time.

[gunhell16]

2017, predictions are great and i will tell that you can have 80% winning on those.
2018 are not that good we were at the 30% rate or worse, and now this 2019 i dont want to go to any prediction.
I want FACTS, development, partnership and good news before jumping in.

[passwordnow]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.

It's their mistake, they were too dependent to the predictions that they've just heard online and never made their own research before putting their money on the table. You can distinguish easily why they were called predictions.

2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

If they haven't learned from their downfall with those predictions that pushed them to failure then the same situation could happen to them. Anyway, I wouldn't call it as 'doom', the crypto market is far from being like that.

[Byakuga]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

2017 just happened to be a very good year for crypto, it has nothing to do with the predictions, either the market will be doomed or not there will always be predictions, 2017 bring smile to people's faces i tell you and many people came rushing in, the real people in loss are those who buy at that All time High of early 2018, either you decide to invest base on prediction or not it won't stop what is yet to come, it might favour you or doomed you too

[teosanru]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

There are no prediction based investors in this market. There are only two types of people in this market. One who want to pop the cherry by trading continuously in the market within a very short term and 90% out of these lose money. Other way around is to HODL around and trust me even these people lose a lot. the ones who said HODL when btc was at 16-17K are still crying. So there are no investors and why would there be any because there is nothing to invest because there is no one working behind to increase the value of their Company.

[jmigdlc99]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

By the way it's starting to look, it may be so. Too many a people have bought and invested on bitcoins and altcoins expecting it too change the world, i know, because i was once the same way too. But facing reality now, i see that its going to take more time and the road to getting there will be difficult. Too difficult in fact that it may be too risky to investment on crypto at the moment. When it gains more real world traction in terms of transactions, only then will i return and buy more crypto.

But this is just my opinion, and i've been burned by crypto and mining quite badly.

[betty11]

Prediction is part of life trading, predictions help some persons to have a clue of what minds are thinking. Although it won't be wise to take every prediction serious as most lead to doom. Before buying any coin, I try to read expert narrative and from there I draw my conclusion, nevertheless at the end, I will be responsible for my action.

[tiang_tower]

Prediction on a coin is often missed, and every investment we make, there is clearly a risk that we must bear, so losing money on some investments is not the end of the job, it's just that some of the investors have not been lucky through the investments they made, so staying an investor and working according to our knowledge or analysis is a very good solution.

[robelneo]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

Not only newbies but even experts are falling to this prediction craze, it's ok to read predictions as long as there are logics on those predictions, people in the past have predicted that the price of Bitcoin will reach this high.

But it's a different scenario today as we move on to adoption it's hard to make a good prediction, we can only go for more realistic predictions.

[cryptofirm]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

well, thats really bad story for the people who lost and vice verca
thats why people must invest only what they can afford to lose buddy
and do not listen to the hype on crypto world without knowing what you are doing, because the risk on crypto investments is higher if we comparing with the others investments mate

[DaMut]

The majority has already understood that nobody can predict market movements, due to high volatility and manipulations. Nothing can replace your own research, do not listen to strangers on the internet and do the work on your own.

You are wrong, everybody can make a prediction. Prediction is all about a guess of a certain direction or movement, it is very easy for everybody to do that because it does not require that much knowledge. You only need to speak and then you are making your own prediction.
the problem here is, a different time has a different movement and style. Let's say 2017, in 2017 we were in a major bull run. Theoretically means, we were in a time when everything was going up. Even if you make a wild guess by counting the stars or the moon, it's very likely for your prediction to hit. Because we're moving upward.
unless 2019, right now we need to make a prediction based on our market, institutional, regulation, sentiment and many other factors. Which require a deep level of knowledge to meet the target.

[JayTrain]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

There are no prediction based investors in this market. There are only two types of people in this market. One who want to pop the cherry by trading continuously in the market within a very short term and 90% out of these lose money. Other way around is to HODL around and trust me even these people lose a lot. the ones who said HODL when btc was at 16-17K are still crying. So there are no investors and why would there be any because there is nothing to invest because there is no one working behind to increase the value of their Company.

Here I completely agree with you, very few companies continue to work on the project. also about HOLD, I think that the question should not be compared in a few years, who knows how the market will behave in the future

[TimeTeller]

A lot of people come online making rounds series of predictions on what becomes of prices of the two most popular cryptocurrencies. This action has cost series of newbies a fortune which they lost to investment based on such predictions.
2017 was a great year for some people in bitcoin and ethereum trading while it was a doom of some most especially those that were then new to cryptocurrency. Some of these people are yet to recover from lost to the investment at the time bitcoin traded at over $18,000. We have seen another one recently with the last and very short bull run.

Will this be another blow to the prediction based investors?

People really have to realize that whatever prediction they stumble upon on this forum, on social media sites, on chat channels or rooms, and wherever online are as good as theirs. Predictions are just like that, mere predictions. It could serve as a guide but it is not a sneak peak of the future. The future could be the total opposite of what is being predicted.

My advice is to learn to make predictions themselves, acquire skills in analyzing charts, read news and updates, and so on. For all we know, the prediction that they are reading is coming from a noob trying to appear a pro. The internet is a free universe, everyone could say whatever.

Prediction equals guess. So why would someone rely on this, unless you have no self respect.
Those pretending to be experts or claiming to be are also human like us, they can't tell the exact future.
They are relying only on some variables to come up with a wild guess, but still a guess.
If a user will lose his money because he relied on someone, user can't blame him because it is not his fault but the user himself.

[futureofbitcoin]

Why the price of Bitcoin is up
Eight out of 10 panelists think the price of Bitcoin increased due to crypto-related announcements made at Consensus 2019 in New York City, such as those by Bakkt and Microsoft.

BitBull Capital Chief Operating Officer Sarah Bergstrand says, “The past three years, a few weeks before Blockchain Week, we have seen the rising of prices and of the overall market cap, especially during the three-day Consensus conference. It also tends to fall as soon as the conference is over.”

Digital Capital Management Chief Operating Officer Ben Ritchie puts it this way: “The rise in the price of Bitcoin on the surface appears to be a result of the release of positive news flowing from Consensus this year. However, there may be some additional underlying factors. These include the stability of Bitfinex and the USDT following their recent $850 million raise in 10 days. There is also an increased use of algorithmic trading pushing volumes significantly higher and fueling confidence — and, with it, opportunity.”

The next most-cited factors were US–China trade tensions (50%) and the impending reduction in Bitcoin emission, also known as the halvening (50%).

Arca Chief Investment Officer Jeff Dorman says there’s “not one specific reason” for Bitcoin’s rally: “It’s mosaic theory. Pent-up demand spilled out because of Fidelity’s new platform, China’s trade wars, short liquidations and Bitfinex’s forced buying from people who bought BTC with USDT in order to get out of USDT.”