How much attention should be paid to forecast websites?

[magnetbox]

Does anyone know if this website has accurate predictions about Bitcoin? https://predict-price.com/Forecast/Bitcoin-USD.html .

[Bitcoin_Arena]

If you decide to religiously follow this forecast and signal website. Your portfolio is going to be fucked/Rekt big time. The site in question even has a warning so this should be a clue



There are a lot of factors that can affect bitcoin Price movements and the most common on is news created by market manipulators or FUDsters like the recent tweets by Elon Musk and China crypto ban. Now such forecasting sites don't take such news into account.

[Potato Chips]

Does anyone know if this website has accurate predictions about Bitcoin? https://predict-price.com/Forecast/Bitcoin-USD.html .

Also note that no one can accurately predict the future price as you would need some kind of superpower for that so if that's what you're looking for, you won't find anything.

Best we can do is intelligent guessing/speculate, and for that you can check the speculation board or in tradingview.com

[Ararbermas]

Dont believe on such prediction mate because it cannot help even you give a big amount of tip for them its useless and waste of time since market is getting unpredictable due to some factors around the internet.. It always good to make research than relying on any forecast websites because on that way you can obtain some feedbacks from others and also a specific information about the real situation of the market..

[examplens]

Jun 22, 2021 if the real price is between 45429.974392447 and 25556.015278452

this is fun.
if the current price was $37k, you set up a pretty wide range, I do not see the essence. also, you could write "between $10k and $64k", it will most likely be there somewhere.
I don't think that is possible to make any long term prediction ^{longer than two days} based only on price changes and chart as instruments.
As Bitcoin_Arena says, with this system you will finish quickly after one noisy tweet.

[joniboini]

Don't bother paying attention to them, unless you're trying to gauge the sentiment of the market whether it's bearish or bullish in the short/mid-term. As others have said, might as well use a dart to help you decide with your buy/sell decision instead of using those forecast website. If anyone can be a millionaire just by following them, then we'll see a new millionaire every day.

[aysg76]

Does anyone know if this website has accurate predictions about Bitcoin?

No magic crystal ball has been discovered which can predict the accurate future unlike in fictional movies character.There is nothing like accurate speculation in any market but you can make a close prediction by completely studying the market charts in depth but of you want to blindly follow any website for such prediction then invest your funds on their advice best of luck for exiting the market soon after your loss.Study the market and trade effectively instead of looking for such sites.

[milewilda]

Does anyone know if this website has accurate predictions about Bitcoin? https://predict-price.com/Forecast/Bitcoin-USD.html .

If ever a certain site do exist with having precise forecast about possible price prediction then do you really think that they wouldnt be swarmed? Just like on what others been saying  here
and the warning that do give out that there are lots of factors that could really affect the price movement and even how good the analysis when it comes to technicals
but doesnt mean that it would give out guaranteed results or prediction. So its up to you on how you gonna deal up with this and consider making decisions
by looking in all angles on probabilities of such possible changes.So its your own call.

[JooBra]

Well for day trading using crypto cipher can be pretty usefull. But even with that you need to make your own decisions and follow general market movements.

[Twinkledoe]

Does anyone know if this website has accurate predictions about Bitcoin?

No magic crystal ball has been discovered which can predict the accurate future unlike in fictional movies character.There is nothing like accurate speculation in any market but you can make a close prediction by completely studying the market charts in depth but of you want to blindly follow any website for such prediction then invest your funds on their advice best of luck for exiting the market soon after your loss.Study the market and trade effectively instead of looking for such sites.

Forecast websites are done just by ordinary people. So they are just basing on what skills they acquired. And we don't know how good they are. Maybe, you can use it for reference, but not to the point that you will be relying what to do with your investments from those websites. Better do your own assessment if you have a coin that you are following with. You can get insights from their social media channels as well as development updates.

[TheUltraElite]

Think about this logically/using common sense which is very uncommon in reality -

"If the owners of a website would really know the future prices of an asset, would they have not already become multi-millionaires by betting on that? Would they waste their time and money to set up such a website anymore? They would be living the rich life would they not?"

The answers to these questions are simple and common but humans always tend to believe in magical thinking even in a era of science. Use your logic and you will see the contradiction.

Point is that you are not alone in this belief. Many people actually believe signals groups/prediction channels/magical cures - that they exist in real, when in reality the only thing that is important is science and the logic.

If someone tell you they can see the future price or a magical thing to happen, either they are high on weed or they are trying to fool you. What you should do is set up your own way of reading charts and use them to set up your own predictions and see how much you are being correct, by using the logic of past events and their impact on price.

[Lakai01]

I have been dealing a lot with forecast websites, professional traders and signal groups in the bull market 2017.
Signal groups in particular are of course an absolute scam, which should have become common knowledge by now.

Forecast websites often provide very good analyses of why they think prices are rising (or not), but the most you can derive from them is trends. These are definitely not suitable for quick trades. But I'm only talking about big websites that usually give tips only against payment.

With professional traders you can see quite quickly whether they actually provide useful tips or not. From 2017, Brian Beamish and Tone Vays are left in my endlessly long list, they actually managed to announce more than 50% correct trades for me. However, it must be said here: these are not watertight tips and even these professional traders are wrong in 49 out of 100 cases.

[bittick]

Next to none, if you believe so these forecast website so much then might as well program a bot that follows their forecast but nah, these predictions are mostly just speculation and doesn't guarantee accuracy. If their forecast could even get their prediction right 1 out of 3 most of people gonna flock to this website but instead people trying to make their own technical analysation meaning even those so called expert TA doesn't really trust each other prediction and they usually have their own way of making prediction. Best thing to do is just to see the project with your own eyes and make decision out of it in my opinion.
Many people actually have become succesfull in investing crypto for simply seeing the technicality of the project and rarely I see someone making consistent profit using these forecasting website.

[n0tailbg]

Everyone decides for himself to trust or not to trust such sites. You need to understand that all these predictions can only be 50% correct. I occasionally go to this site https://cryptogeek.info/en/blog/bitcoin-price-prediction to view the Bitcoin price prediction.

[zanezane]

I would say that don't mind them, they aren't that accurate anyway. Also, be careful what site you are trusting your money when it comes to trading because you can't blame them if their forecast is wrong and you suffer a tremendous loss.

[Wexnident]

Close to none imo. I wouldn't even give a damn about prediction sites even if I was given one to check, since there's close to no point in actually believing them. Predictions are called predictions for a reason, they aren't really one to trust, especially if it came from someone else. Being knowledgeable about a topic is indeed helpful in creating a prediction, but again, it's just a prediction, nothing guaranteed. I'd honestly take chart analysis more than predictions, check up how they read the charts and the results of what most of their judgement resulted in.

[Kittygalore]

@Bitcoin_Arena did put tbe image where it says that it isn't an accurate and pretty much a baseless forecast so if I were you, I wouldn't consider using it because who knows what's going to happen to your trades when you follow them.

[Quickseller]

0 — don’t listen to a spam site that makes predictions with zero basis.

[magneto]

Absolutely zero weighting.

Sure, you could look at the forecasts and not lose anything - but definitely do NOT pay for a subscription or make your transactions off of the information you get off this site.

Their models are completely obscured. Heck, it could be a random number generator for all we know. If there were to be any reproducible means of predicting BTC price then they would certainly not share it with you. Bitcoin price is simply a function of wayyy too many variables for it to be predicted deterministically.

[The Cryptovator]

How it should consider as a prediction site? It seems they predict for 5 days and the price should between $40992.959966455 and $33793.028229637. It's an idea that would be made by anyone who is familiar with crypto-currency. Forecast formate shouldn't like this. Personally, I don't believe in such as prediction site or signals site. Also, this site wouldn't be useful for us anyway. This is the worst forecast ever I have seen. Better to not follow them.