Should we rely on prediction?

[Dr.Bitcoin_Strange]

I think there are possibly about 100 different sites that are running price predictions not only for Bitcoin but for many other coins as well, and from most of those sites that I visited in the past, I haven't seen anyone putting out their predictions with all certainty. It's usually based on probability; they analyse the market, describe the possible direction the market could swing if it really crosses the resistance level, and use other signs to study the market chart. It's left to the investors to rely on predictions or not. Perhaps anyone can make predictions now; they can either be right or wrong. No one is in control of the market.

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[LogitechMouse]

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Is there any other way that we can rely on?
Reading charts is also a type of prediction right? If it wasn't prediction then what we should rely on?

With a very volatile market like cryptocurrency, what we can do is to just rely on prediction. Some are saying that the probability of this price be reached by X year is also prediction. Probability is kind of connected to prediction. Some so-called analysts are predicting what will be the price of Bitcoin this year, and all of that has a probability to happen. Overall, there is no other way, but predict because we don't know what can happen. We are speculating the market, and we will be for a long time as long as the market is volatile.

[Oasisman]

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

And it's also time for you to understand that bitcoin is a highly speculative asset, that means everyone of us here are just merely speculating including those that whom are called financial advisors and experts. Nobody knows what tomorrow comes, you can actually apply it in real life, because not every thing you've planned can be done tomorrow or two. But what separates someone who's just guessing their forecast to the one who really studied the market is that, market experts has data on the past price movements and fundamental news that has been affecting bitcoin ever since, while the other person are just simply guessing and that means the expert has higher probability of getting good results than the one who's just guessing. 

[BenCodie]

Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

When you factor in how many combinations are available for the predictions that you can make before the end of 2024, just about every price at what time would be covered by at least one person. In that case, what prediction are you relying on exactly? If you were to collect the data and find the consensus decisions on what people are predicting, while also taking into account their past accuracy...maybe that data could be useful for your research, but it still shouldn't be the only thing that you take into account.

In terms of historic growth, it is declining after each cycle. If you want my prediction, it's that we will see $200,000 to $300,000 if the cycle repeats. What effect this will have on our world, and what governments/banks are willing to do to hold onto their precious fiat money scam, determine if it is a sustainable increase or not.

Whichever way it goes, the next 3 years are going to be extremely interesting for Bitcoin.

[Yamifoud]

well for me? i use prediction as one tools for my decisioning but that doesnt mean that everything in predicting will be on because there are also coming from my own research and sighting each projet.
though in bitcoin? yeah I completely trust and i need nothing to explore more.

And we use to do that because that is the only thing we have in this unpredictable market - we all live in predicting the future and assume something to happen. But I would tell everyone that I was happy doing this because this help me to know more about Bitcoin as I recall the past events and price improvements. It was the fact that nobody is an expert on the future of Bitcoin and even if you are here in the crypto space since the beginning, you can't tell what really happen next, it was still a prediction.

[Unbunplease]

 Forecasters make predictions both ways and then say they were right. If the price doesn't go down, it goes up; if it doesn't go up, it goes down. Soothsayers are not willing to answer for their predictions with their lives or property - so such predictions are worthless

[imamusma]

The best investment that can be made is to do research and also do an analysis before entering into a purchase. You cannot rely on the predictions of other people including experts or anyone who is influential, it is still possible to get you lost because your financial strength and risk tolerance that you have are not the same as theirs.

Don't be influenced by predictions, but do an analysis to determine the potential that might be achieved by the assets you invest in the long term. Predictions will not be completely correct and predictions are also not financial advice that you can trust 100%.

[JoyMarsha]

Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k.

As the Bitcoin halving date approaches, are you bringing the price of bitcoin to a downtrend movement instead a price increase? The halving season is in 2024, and it is anticipated that bitcoin's price would rise, staying at least above $25k and not dropping any lower. The bull run should begin in 2025, at which point bitcoin should reach a new all-time high (ATH) above $69k not by 2030. By 2030, bitcoin price should be above $69k by far. We should be thinking that bitcoin should reach $150k and above 

Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

Given how volatile the crypto market is, we'll continue to occasionally see various price forecasts from crypto analysts forecasting what the price of bitcoin will be in the future. As the bitcoin halving happens every four years, crypto analysts will be predicting a higher price of bitcoin as the halving season seems to happen in the cryptosphere.

[Gozie51]

well for me? i use prediction as one tools for my decisioning but that doesnt mean that everything in predicting will be on because there are also coming from my own research and sighting each projet.
though in bitcoin? yeah I completely trust and i need nothing to explore more.

We still have to protect ourselves from over risking our investment in bitcoin. There are people who borrow money to invest in bitcoin but within the time to repay the loan, bitcoin is yet to bull and that will put them under severe pressure. As  much we want to take risk of investment, we also need to take caution not to invest all we have and won't be able to take care of other needs. We need to balance out investment so that other aspect of our lives won't lack or become deficient.

[BD Crypto]

Prediction is like something we are hoping abd a good prediction must be logical. So logically we need to predict about the price of Bitcoin to claim our profits or to find a good investment point.

And we should not only rely on predictions but we should rely on a logical prediction. Observing past histories, adoption, usecases, future events and many more we can make a logical or a reliable prediction. So we should observe them too to make a proper prediction. And it varries person to person and we should also focus on latest news, new adoptions, it's legalization and many more factors. Then the probability of your prediction will be higher and potential. So never rely an a basic prediction.

[Hamphser]

Let me say since the beginning of this year we have been getting different prediction on Bitcoin prizes and investors too have been keeping their hopes very high on those predictions...

Those doing these predictions are having so much expectations and they said, Bitcoin will recover to $25k in 2024 and then rise to $45k in 2025 them by 2030 Bitcoin will get to $69k. Other crypto analysts suggest even higher price targets ranging from $100,000 to $1 million, but we should keep in mind that all Bitcoin forecasts are predictions. CLICK HERE

With all these being said I feel is time we face the reality that all these are just predictions, is under probability.

We are all speculators on this market no matter what your status and popularity or reputation, we are still sharing up on the same condition on which there's no way that we could be able to tell on where prices would be able to go on a specific period of time.This is why its not really that ideal on making yourself get easily believed about those price prediction claims and it seems like it was a guaranteed thing. 

This is why it would be always that ideal that you should really know on doing your own analysis and be knowledgeable on what you are dealing off with because if you dont then you would most likely be getting to follow up on what these people would be coming out from their mouths and believe on what it is which it might result into some regrets later on on the time that the price prediction didnt really turn out to be true.

Market is volatile and unpredictable and we do have that fundamental and technical analysis on which we could really be able to rely on, despite of the randomness but still we could really be able to
assume and presume out on where these prices could be going because of these events and that will really be giving out that kind of probability on which we are really that aiming for.

[STT]

Theres always a range of prices possible with various probabilities and its constantly changing, BTC doesnt even halt for the weekend or any holidays when all other markets do.   Statistics and probability is used in every industry sector from engineering to medicine for confidence to reliability of results known and expected further out.  Its perfectly valid in that respect to give a prediction without an absolute known result.

[Fakhrulenclix]

Theres always a range of prices possible with various probabilities and its constantly changing, BTC doesnt even halt for the weekend or any holidays when all other markets do.   Statistics and probability is used in every industry sector from engineering to medicine for confidence to reliability of results known and expected further out.  Its perfectly valid in that respect to give a prediction without an absolute known result.

besides that it is also necessary to pay attention to several indications before predicting, I do not deny that predictions are really needed, but all of that starts from several indications that we pay attention to before predictions are born.
All possibilities are always there, especially since the price of Bitcoin is moving very quickly, of course predictions are very important for making choices in trading and investing.

[GeorgeJohn]

Predictions of bitcoin is not dependable and it can never be dependable because the price of bitcoin always fluctuates and since the price is been determined by the market demands so its good to be dependable on the price prediction of someone. In normal circumstances whosoever that made a prediction of the market is just assuming because it's not sure of the price of bitcoin, so therefore bitcoin price is not what we can depend on its analysis by someone, you can only depend on the price due to your own observations and analysis in the market so that if the market goes wrong you will not portion blame to anyone, its obvious that the person giving out prediction is even comfortable with the prediction knowing that the price of bitcoin is on stagnant or on equilibrium.

[Pejoh Asu]

Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.

[WatChe]

Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.

There are lots of instances where predictions about price of bitcoin have gone wrong. From my own personal experience I have drawn a conclusion that there is no logic that drives the price of bitcoin. The price of Bitcoin goes up when it has to go up and vice versa. Its better to buy Bitcoin when its down and the HODL. Based on historical price chart Bitcoin price always goes up after bearish season. You just don't need to panic or lose patience while HODLing Bitcoin.

[Davian144]

Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.

Wrong in terms of price predictions is a very natural thing, especially if the prediction is for the price of Bitcoin which is basically never stable at a certain level in the long term. Apart from that, analysts or influencers on social media are also ordinary people who only have limited knowledge as a human being, so you have to be able to understand that their predictions are often inaccurate because if their predictions are very precise, it will make more people get rich quick through the direction of these analysts.

[ajiz138]

Predictions of course do not guarantee they will be accurate, in fact many predictions from top influencers on social media are often wrong, for example many analysts believe that the price of $ 100k will occur before 2023 because they think that the fantastic increase that occurred in 2021 will easily be repeated again in 2023 due January up more than 40%.

Wrong in terms of price predictions is a very natural thing, especially if the prediction is for the price of Bitcoin which is basically never stable at a certain level in the long term. Apart from that, analysts or influencers on social media are also ordinary people who only have limited knowledge as a human being, so you have to be able to understand that their predictions are often inaccurate because if their predictions are very precise, it will make more people get rich quick through the direction of these analysts.

People are free what they want in predicting bitcoin prices. Even if there is someone influential you can believe it or not.
We have to see according to the previous cycle this will not be much different in terms of increase after halving as for the 3x - 5x increase from ATH 69K it is still vague, if we as long-term bitcoin holders will experience how this price will be achieved or not.

I believe 100K, I believe 200K well all of that is just a prediction but we as holders will continue to HODL bitcoin until high.

[Adbitco]

There is no doubt that it may happen or not following what people are saying may land someone into serious danger since what they are saying may not come exact to how it will be but with hope and trust seeing that from past years it has succeeded more than it should. Looking forward from where the price has reached before decline back to the current price may likely gives you the faith that surely it could come to pass but that is not true or certain as the Market filled with speculators. But from what they said for the market to see 25k or even follow the previous sequence is something unimaginable because from above history I have never seen bitcoin to follow up the past year sequence rather would create another all time high than the previous.

[AnonBitCoiner]

Prediction sometimes demonstrates to be precise but most of the time prediction are not accurate and in the case of bitcoin everyone said that price will go more than 35k$ these days but unfortunately it again return back to 28k$ or 29k$ .

Some individuals make unlawful prediction regarding the price of bitcoin just for earning money but they don't know anything in real. Some specific events are accurate like that of halving which occurs after every four years of duration therefore such news also have useful impressions on price