Who makes such predictions?

[wheelz1200]

We've all stumbled upon predictions for all kinds of coins, including Bitcoin, of course. Some may sound like they may happen in the future, such as Bitcoin, Ethereum, Solana, or Polkadot, coins with actual potential. However, some are so exaggerated that they have no foundation to back up their claims. I recently got my hands on some BTTC (BitTorrent Coin). It has so many zeros after the decimal that I've lost count, and they are literally worth almost nothing. I was curious to see, though, what the community believed about its future.

The first website I stumbled upon claimed that BTTC had the potential to reach $30 by 2050. Firstly, how can a coin worth $0.000000866 as we speak rise so much in value? It currently has a market cap of over $800.000.000. If the price were to double, it'd have a market cap of $1.6 billion. That's already extravagant and it'd still be worth close to nothing, nonsense.

Secondly, how and why is someone making predictions 30 years from now? The world might have ended by then. On what data is someone making such a prediction? Fortunately, other websites I found didn't have such extreme forecasts, but some still did, over the moon. For most coins out there, plenty of similar examples can also be found. Do you believe that they're based on any actual statistics and/or considering the coin's potential, are they purely fictional?

P.S I'm not implying that BTT could possibly reach $30; I'd be a multibillionaire if that were the case. It's just a simple example of how many exaggerated forecasts are out there.

Website n.1: https://telegaon.com/bittorrent-coin-price-prediction-2021-2022-2025-2030/
Website n.2: https://www.cryptonewsz.com/forecast/bittorrent-price-prediction/ A more plausible prediction

Crypto predictions are hilarious.  There are a zillion of them and the ones thelat coincidentally hit one boasts about being able to predict the crypto market.  This is one market that is dam near impossible to nail because there are so many singular factors that can alter a price trejection.  They are rediculous and just leave it as that, comedy.

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[Ludmilla_rose1995]

****

Crypto predictions are hilarious.  There are a zillion of them and the ones thelat coincidentally hit one boasts about being able to predict the crypto market.  This is one market that is dam near impossible to nail because there are so many singular factors that can alter a price trejection.  They are rediculous and just leave it as that, comedy.

I never believe in any of the predictions related to crypto prices, because the majority are based on guesswork and not technical analysis. however assets that have prices based solely on hype, must be avoided so as not to cause losses in the future.

[Slow death]

****

Crypto predictions are hilarious.  There are a zillion of them and the ones thelat coincidentally hit one boasts about being able to predict the crypto market.  This is one market that is dam near impossible to nail because there are so many singular factors that can alter a price trejection.  They are rediculous and just leave it as that, comedy.

I never believe in any of the predictions related to crypto prices, because the majority are based on guesswork and not technical analysis. however assets that have prices based solely on hype, must be avoided so as not to cause losses in the future.

actually these price forecast guys make price forecasts based on technical analysis, the problem is that they make strange drawings on the charts and draw conclusions that the price will go up a lot in 1 year, I suppose they put candles from 1 month, and this way it is possible to see the price movement for 1 year, for example:



based on the 1 month chart if the price breaks $23,500 it could reach $32,000 and if it breaks $32,000 it would easily reach $39,000, the forecast is not something with 100% certainty, so it has errors, sometimes if it is right and in others it is wrong, but using technical analysis it is possible to reduce errors in price forecasts, unfortunately we are not in a good economic situation worldwide and this has affected the price of bitcoin

[redsun114]

Crypto predictions are hilarious.  There are a zillion of them and the ones thelat coincidentally hit one boasts about being able to predict the crypto market.  This is one market that is dam near impossible to nail because there are so many singular factors that can alter a price trejection.  They are rediculous and just leave it as that, comedy.

It only becomes hilarious if the prediction are unrealistic anymore or they add elements which are hilarious but there are also predictions which are serious. They take time to analyze the market, use different tools, listen to the news and others only to come up with such prediction. It can be worthy to follow a prediction like that if we are not confident on our own prediction.

Getting one correct prediction is not enough to call themselves an expert but they may need to have more accurate predictions before the public can confidently trust them. Anyone can make a prediction and there is no rule that each prediction must be accurate so hilarious and fail predictions are not a big deal.

[Reatim]

Everyone is free to predict about the price of BTTC in the next few decades.But are you sure if this coin is able to survive and compete until the predicted year.While we all know, many of the big coins are not able to last up to 20, one of them is like the tera Luna.

Well Luna shows another experience and learning to all , there are so much losses in this project that needs to be addressed .

Now about BTTC? I think OP is just asking for something or someone who can give a good views because the predicted is exaggerated and sounds like another form of luring to scam people.

I believe that we must not believe or seek for too much profit because this will only add chances to be a loser.

I never believe in any of the predictions related to crypto prices, because the majority are based on guesswork and not technical analysis. however assets that have prices based solely on hype, must be avoided so as not to cause losses in the future.

but prediction either TA or guesswork are both prediction right?

[bitterguy28]

It's what makes speculations fun, Predicting what closest price we are gonna end up on a certain span of time. It might be a realistic or too unreal but we based those number on the facts that we know and getting closer to our prediction and having some debates and insights also makes us knowledgable. Speculating is fun especially if we are anticipating on it.

Sometimes it's things like that that make it fun because it brings unexpected things,
predicting or speculating is part of trading,
predictions are also followed by debate and it's nothing to worry about because it's normal

and we are all free to predict and speculate , we can share those also to others but it doesn't mean that we must be followed because we are not calling for them to lose money but just to use the prediction as guide for their investing.
many others had following someone like me who follows those experts(in my opinion) but not totally taking their advices but uses to find my own way to invest.

[yohananaomi]

It's what makes speculations fun, Predicting what closest price we are gonna end up on a certain span of time. It might be a realistic or too unreal but we based those number on the facts that we know and getting closer to our prediction and having some debates and insights also makes us knowledgable. Speculating is fun especially if we are anticipating on it.

Sometimes it's things like that that make it fun because it brings unexpected things,
predicting or speculating is part of trading,
predictions are also followed by debate and it's nothing to worry about because it's normal

and we are all free to predict and speculate , we can share those also to others but it doesn't mean that we must be followed because we are not calling for them to lose money but just to use the prediction as guide for their investing.
many others had following someone like me who follows those experts(in my opinion) but not totally taking their advices but uses to find my own way to invest.

Everyone must also understand that certain predictions are analyzes that are very likely not to be in accordance with the situation at the time. but everyone is allowed to make predictions and no one forbids it, it remains only whether the predictions can be accepted and followed, it all depends on the individual.
Many analysts also do this with the aim that what is predicted can be correct and followed by many groups, because with correct predictions there will be those who are able and willing to make their predictions a reference, although this does not guarantee that every prediction will always be correct.
but sometimes the predictions will be used as a comparison in every step that will be taken, because you can already trust them.

[raidarksword]

Good things about here in this industry that the unexpected things happen and that's always crypto is, a very unpredictable industry. No one can predict the market flow that's why we can only speculate what comes next but it has 50 50 chances to it. So, it is better to DCA and hold than to trade which is more stress and a time consuming.

[RussianEnglishTranslation]

We have been in a bear market 1.5 years or more so what seems like pie in the sky predictions, aren't really that far off in a bull market. 0xMR 10usd, XRP589 usd, UTNP 1000 usd, Q Blockchain 3.3 usd all are reasonable predictions. Fantom is a good buy too at these prices and I predict 10 usd.

[raidarksword]

Speculations doesn't mean it will happen that's why predicting the market is not really a thing and of course doing such predictions will only go both ways, it could be right or wrong. Despite all that, crypto market will be alive in the next future of generations and it would a great indications that bitcoin will become scarce and price will be high than gold.

[bitkanu]

I never believe in any of the predictions related to crypto prices, because the majority are based on guesswork and not technical analysis. however assets that have prices based solely on hype, must be avoided so as not to cause losses in the future.

it's called prediction for reasons and having high chance of turning out to be wrong is most certainly one of them. otherwise if the prediction always right i'd call it insider info where usually it could make you rich, otherwise these prediction will always have high chance to fail.