Vickylalaland (OP)
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July 21, 2021, 08:59:52 AM Merited by Symmetrick (1) |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
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lizarder
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July 21, 2021, 09:32:41 AM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
For market predictions, what you are doing may be right, but with so many coins that have sprung up, it is difficult for us to predict the level of risk, not to mention trying to analyze prices, both selling and buying values in the market. Most people are able to analyze the market well, but very few are able to adjust the strategy with the steps to be taken, so that every decision taken is not in accordance with the initial prediction, and very rarely what is predicted will go according to plan, I myself am often wrong in analyze and predict a potentially rising coin market. With a lot of information circulating, it makes people confused in making decisions, so we want to invest with coins that we like, the first step is to analyze it well, after that we conclude whether to invest or not. If we do not do this carefully, then when other information is provided by people, we will be easily influenced even though the information is not necessarily true and useful for us to apply, in the end whatever we do does not produce anything and the conclusion we always suffer uncontrollable losses.
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Yaunfitda
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July 21, 2021, 09:53:13 AM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
Then adjust your buy or sell orders. That's why it's not that easy to really predict where the price is going, technical indicators are good help, but there are factors that can suddenly change the mood of the market and it could get worst or better. And the only thing to hedge is to really took the time to see how the market is moving, let's say in a 4 hour time frame and make your trading adjustments run time.
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Jating
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July 21, 2021, 10:21:04 AM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
That's possible, you can used technical analysis to understand how the market will move. But this is just tool and it's not 100% accurate. But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
As I have said, it is not an exact science, so obviously, when the market moves on the opposite direction, you should also adjust your strategy to deal with this kind of information. As for how you are going to adjust, it's really up to you. Stop-loss for one.
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guydin
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July 21, 2021, 10:28:31 AM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
I would strongly recommend you not to rely on different market prediction projects. In my point of view, traders and funds that create such projects just buy before publishing their prediction, and then there is a pump and this way they earn. One more thing that I would like to know is how they make their predictions. Either they analyse the latest news or do technical analysis.
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tyz
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July 21, 2021, 10:30:03 AM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
I can tell you from almost 10 years of experience in crypto trading that price predictions, no matter for which cryptocurrencies, have almost no influence. Cryptocurrency trading is too diverse for that. And admittedly, most articles on price speculation and predictions are simply clickbait, partly without foundation, written by people who have little idea in the crypto field. If you relied on most bitcoin price prediction articles, you would have had to sell your bitcoin at $50.
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Ucy
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July 21, 2021, 10:30:40 AM |
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Assuming you are talking about people getting influenced by the predictions, I have wonder if hiding people's bets/predictions from others could help reduce market manipulation. There are different factors that can determine the direction of prices, unfortunately showing what everyone is betting on is one of them. I wish people's bet are private, so that we can focus more on fundamentals. In this case, no one else but the bettors/predictors knows the individual bets. Your adversary can bet against you for the wrong reasons if he/she knows your bet
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shinratensei_
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July 21, 2021, 11:39:27 AM |
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The prediction is a way to predict the direction of the market. people have their own predictions about the market. people will able to know that but again it must be around 50% yes and 50% no. You must remember that none can predict the future and that's why sometimes people are just lucky enough if their prediction was true. You must also adjust your strategy based on the market's movement.
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caffu chino
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July 21, 2021, 12:39:32 PM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
You only have two choices, believe it or not. if it affects your analysis, then don't trust it. I personally don't trust such platforms. more trust with analysis made based on the latest news. and it looks like a pump and dump group, it's just a different way of conveying it. so better not believe it.
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apa don
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July 21, 2021, 12:52:34 PM |
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What are your prediction tools?
I for one do not have prediction tools like bots or signal buying, I do not believe in signals and prediction bots. I can say my prediction tools are the Japanese candle stick charts and indicators, I also read news because of my fundamental analyses to be very accurate with my technical ones, these way is better for me than all those signals and bots. Yes, that's right, predicting a market asset does not necessarily have to use sophisticated tools in the market asset, if all of that is used with a prediction bot, the results are not necessarily satisfied or improved. and it's best to predict an asset market simply by using a graph.
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dificanovi
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July 21, 2021, 01:57:07 PM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
I will advise you not to depend fully on predictors, they can fail you, nobody is suit seer to the extent of knowing what the market price of coins will be all the time, there will be failures and yes some right predictions. Work on your prediction yourself, you can use the prediction tool but also learn how to predict yourself because that is what is mostly important. yes that's right, we should not rely on someone's predictions because someone's predictions are not necessarily correct, if we rely on someone's predictions then we will be disappointed in him and even want to hit him if the prediction is wrong. It is better to believe in our own predictions than the predictions of others, besides that we must be good at analyzing crypto exchanges so that we can make a profit.
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Bitcoin Seller
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July 21, 2021, 02:14:26 PM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
Personally I trust only when I am shown some fundamental reasons why a token might grow. For example, I like watching different reviews from crypto bloggers that read all docs, overview ideas and team members. And if they say that this project might be successful because of its innovative ideas or something like this, I usually invest. Also I see the point in adjusting your strategy according to some fundamental news. For example, a new big partnership.
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rozak
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July 21, 2021, 02:17:41 PM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
Such alternative assistance is not a problem to use, but you should also know that every human being is always difficult to determine the name of any future, because if everyone could see the future, it would be very easy to find wealth in the future, even though the alternative help does exist, but the 100% exact one will never exist. what happens is a price agreement in the market. more and more people are talking about the same predictions. it fosters wonderful psychology to foster new adoption. it can mean a positive sentiment for the community can grow well with an agreed prediction.
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ipanks
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July 21, 2021, 02:47:13 PM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
Such alternative assistance is not a problem to use, but you should also know that every human being is always difficult to determine the name of any future, because if everyone could see the future, it would be very easy to find wealth in the future, even though the alternative help does exist, but the 100% exact one will never exist. No one can predict accurately what will happen in the future but we can speculate with the future. And related to the crypto market, I do not think that the expert can predict where the market will moves. They can analyze the market and make few options on what they should do if they see the market moves to anticipate if the market turns in the other direction. As long as you can analyze the market better than the other people, you can make a profit and maybe your profit will be bigger than the other.
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bitkanu
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July 21, 2021, 03:59:13 PM |
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that means when you are getting an new information about the market and you may need to adjust your strategy based on the information that you have received it. That being said that if you must also watch the market anytime to make sure you can know what changes that already happened in the market dude. This may consume a lot of your time but that's it. The prediction can't affect the actual market but the main purpose of prediction to predicting the actual market accurately
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tulusikhlas
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July 21, 2021, 04:36:23 PM |
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But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
No one can guarantee 100% accuracy that people only rely on information that is considered relevant, for example information based on trusted media sources. and it's not easy to find. most of the consumption of inappropriate information and do not re-clarification will be very vulnerable to some wrong decisions to choose the project. So the anticipation that is often used is to make various options for each factor and draw conclusions based on the range of data accuracy values.
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OZmaster
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July 21, 2021, 07:42:53 PM |
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But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
No one can guarantee 100% accuracy that people only rely on information that is considered relevant, for example information based on trusted media sources. and it's not easy to find. most of the consumption of inappropriate information and do not re-clarification will be very vulnerable to some wrong decisions to choose the project. So the anticipation that is often used is to make various options for each factor and draw conclusions based on the range of data accuracy values. Think about all the misinformation that is spread during political elections. People fall for it and the reason is that these misinformation campaigns become more and more sophisticated. For example, even scam projects can go to Coindesk, pay them $5000 and get a spot to place a guest article about their project. That is really an issue because you think Coindesk is a trusted source and although they mark it as "not endorsing" or something like that, a lot of readers feel as if Coindesk legitimizes the project in a certain way, but they don't.
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Saidasun
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July 21, 2021, 07:45:50 PM |
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I've been thinking that now there are many market prediction projects. I'm using X predict market for example.
People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?
But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
It will effect peoples investment as much as it does in other investment markets but it would be hard to find out weather people predicting the prices effect Bitcoin a lot because there is no way to measure it and you can't adjust your strategy. The only exception to this would be if Elon Musk or a similar celebrity made the prediction.
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jaberwock
Legendary
Offline
Activity: 2674
Merit: 1077
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July 21, 2021, 08:02:49 PM |
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But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
No one can guarantee 100% accuracy that people only rely on information that is considered relevant, for example information based on trusted media sources. and it's not easy to find. most of the consumption of inappropriate information and do not re-clarification will be very vulnerable to some wrong decisions to choose the project. So the anticipation that is often used is to make various options for each factor and draw conclusions based on the range of data accuracy values. The anticipation might be based on the news in the market and things like China banned bitcoins and Tesla dropped Bitcoin payments. Yes, the market might be predicted slightly based on these news but because the market is decentralized, there is no guarantee or assurance associated with those predictions and anticipations. It's like guess that Suns are playing the game at home court, they will win but we all saw what happened with the Bucks made a big comeback and won the road game. You can predict how things may look but cannot guarantee anything.
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imstillthebest
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July 21, 2021, 08:22:53 PM |
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it doesnt have an effect because it was only a prediction but what can affect the market is if theres an action given or theres action given along with that prediction that have been made ex. people will start buying btc now because they predicted that btc will rise , it will rise because theres a demand going on . But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
dont use prediction tools if you will change your mind because its useless but you can just depend on your own skill .
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