Should we rely on prediction?

[Dunamisx]

Maybe we should use speculations in this regard, we cannot be hundreds percent accurate in what we predicted about bitcoin market price, everyone is only trying his best to make the perfect diwcovery out from what we read through the bitcoin market price chart flow, there are times we can be accurate about it all and also times we may not get the right target, but we are most closed to the right situation on the market trend when we speculate.

[ivankoh]

Get an intuitive look at what has been predicted and how it has happened in the past. I think that believing in predictions is completely reasonable because future movements in certain times and spaces will not be random. The process of making predictions is analyzed based on past and present data to make predictions that may happen in the future. Looking at the bitcoin market, that long winter is starting to thaw as a cycle has played out in the past. That is exactly what was analyzed and predicted. So, clearly the position and importance of bitcoin has returned. Personally, I have faith in my own predictions.

Predictions about the price of Bitcoin are made every day. An opinion should be formed based on the reasons given by those who make predictions based on a reason. The decision whether to invest or not should be a personal decision. I think it is a big mistake to invest based on the opinions of others and without doing your own research.

Yeah, I agree! Whether or not to believe the predictions is each person's decision. It can be right and wrong, just like a belief, we can see it! And it's better to do your own analysis and overview before starting.

[flyingcarpet]

Even though the predictions are not one hundred percent correct, at least we have a reference to look at in the future. Like the recent rise in Btc prices indicating not only a temporary rise but also a good start to a potential larger increase in the future. Additionally, predictions are usually based on cycles, and we've been through several cycles and the predictions were almost spot on. I personally benefit from following trading predictions because it gives me hope to keep dca on bitcoin.

If you just want to maintain your DCA on Bitcoin, you actually don't need to worry about prices or price predictions in the market. Because you can do DCA at any time if you are not really focused on selling it at a certain time or in a certain cycle, but if you want to follow a four year cycle with the hope of being able to sell Bitcoin at a higher price after accumulating it using the DCA method, that clearly makes you to see and read several predictions that might be a reference for you even though they are not one hundred percent correct.

It is important to focus on investing without worrying about whether predictions are right or wrong. Acting on forecasts can cause us to make mistakes or shift our focus. It is true that forecasts are made based on cycles. It is also necessary to consider the possibility that the recent rise may not be permanent.

The investor who makes DCA also has the opportunity to think comfortably. Investing by following certain cycles and knowing how to wait is very important in investing.

[AakZaki]

It is quite difficult to understand the situation for the crypto market not to be stable faced with the reality investors investing in bitcoin futures are reaching high prices. If you can correctly predict what the price of bitcoin will be tomorrow you can go long or short or simply trade money. To a certain extent yes but certainly not with reasonable certainty and high certainty. There are some factors that can be taken into consideration when trying to predict the future price of bitcoin.

The main factor is of course how the trend is working at that time and what the fundamental condition of crypto is. There are no accurate predictions, making predictions will only help read how the market picture will occur in the future according to existing data. Taking a long or short position also requires thinking about a backup plan and using a stop loss to anticipate when the price does not match what is predicted. Ii is all about how predictions work and what happens when predictions don't produce the right results.

[Onyeeze]

You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction

[milewilda]

Even though the predictions are not one hundred percent correct, at least we have a reference to look at in the future. Like the recent rise in Btc prices indicating not only a temporary rise but also a good start to a potential larger increase in the future. Additionally, predictions are usually based on cycles, and we've been through several cycles and the predictions were almost spot on. I personally benefit from following trading predictions because it gives me hope to keep dca on bitcoin.

If you just want to maintain your DCA on Bitcoin, you actually don't need to worry about prices or price predictions in the market. Because you can do DCA at any time if you are not really focused on selling it at a certain time or in a certain cycle, but if you want to follow a four year cycle with the hope of being able to sell Bitcoin at a higher price after accumulating it using the DCA method, that clearly makes you to see and read several predictions that might be a reference for you even though they are not one hundred percent correct.

It is important to focus on investing without worrying about whether predictions are right or wrong. Acting on forecasts can cause us to make mistakes or shift our focus. It is true that forecasts are made based on cycles. It is also necessary to consider the possibility that the recent rise may not be permanent.

The investor who makes DCA also has the opportunity to think comfortably. Investing by following certain cycles and knowing how to wait is very important in investing.

Better not make not make yourself not minding much about those things yet this would really be just that make some stir into your mind about on how things been doing.You've need to adjust yourself and realize
that you've been playing or dealing up on a market on which it is really that truly volatile and random on which it would really be normal that prices cant really be predicted on where it would be going.
Predictions made by us would neither be a hit or miss no matter how well you do really be able to make one. You cant really that be able to make sure on what are the things that could happen.
So it would be getting to have that kind of approach so that you wont really be making yourself that too impulsive if there something happened unexpectedly.

Also, it would be that recommendable that you should really be that depending on your own analysis rather than on following on someone, somehow it wouldnt be also a bad idea
if you are trying out to snip some idea on others speculation too on which you could really also make some learnings out of others approach on which
you would really be simply needing to be versatile.

[MarjorieZimmermanGinger]

You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction

This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.

[Winterfrost]

You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction

This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.

Are you in one way accepting that we should depending on the prediction of someone will feel has more ability or understanding of the market structure than us?  Literally i wouldn't do that. If am unsure of my predictions I can decide to look into others prediction, which is not a bad thing to do but I won't depend on their prediction. If my mind doesn't accept what they have predicted I will look into more predictions from other person, do more research before I take my conclusions.

Still the ball is still in my court. I can choose to accept the prediction because I have analyzed and see it's not bad and I can still decide to follow my own prediction. Relying on someones prediction may at some point disappoint you. What if the predictor was not active for some period how would you do, will you stop predicting the market and wait for his return? Or you would find another predictor.

Think about it!

[STT]

Dont rely on anything absolutely, the pattern or behavior of the market is more important then its exact pricing.   So you cannot trade off exact numbers, the price action right now in BTC seems to indicate this quite well.   Depending where you draw the long term Fibonacci lines  we are either challenging the recovery of the ATH or we've just beaten it.   We have to look at how its acting to say which is the best description.   Im lucky that I drew both, this is just a side topic so I'll post the recent daily cap of us reacting to that potential:

On another chart I think it could be drawn as support now at 35k.   I do have that somewhere, there is no one view and so people may not like TA as its not able to say for sure.  I think it can improve chances of a good trade as trends do repeat even if they falter, I still have to say the price action is positive hence the recent bounce.

   Simplicity is best, dont draw anything just look at 2022 opening months these prices were often the lows.   Its often  the case prior turning points continue to be a fork in the road we stop at to determine direction, trades open and close in this area even 18 months later it seems.
  In 2022 it held here for 5 months before falling through the floor and we've not climbed back here really until now.

[stomachgrowls]

You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction

This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.

Are you in one way accepting that we should depending on the prediction of someone will feel has more ability or understanding of the market structure than us?  Literally i wouldn't do that. If am unsure of my predictions I can decide to look into others prediction, which is not a bad thing to do but I won't depend on their prediction. If my mind doesn't accept what they have predicted I will look into more predictions from other person, do more research before I take my conclusions.

Still the ball is still in my court. I can choose to accept the prediction because I have analyzed and see it's not bad and I can still decide to follow my own prediction. Relying on someones prediction may at some point disappoint you. What if the predictor was not active for some period how would you do, will you stop predicting the market and wait for his return? Or you would find another predictor.

Think about it!

We are all speculators here on this market and doesnt matter if you've been just new or old into this space then all of the things that we do speculate wont really be that 100%. The only difference comparing those noobs into those experienced one is that they could really be able to assess things according into their awareness into this market. There would really be a significant difference among the two about their approach and actions to be made on. Relying on someones prediction? In some part, then it could be yes but only snipping out some idea with others speculative approach too on which just like been said by some people on this thread
that its not a bad idea to get some ideas on other people. You are the ones who could really be able to see out whether it would be beneficial or not.

It would be always that best if you are really that basing with your own analysis and mold up something that you do seem that it would really be that better. If you do see that others analysis
is something that realistic or have that good approach on certain market conditions then its up to you whether you do copy it completely or would really be
just that getting some idea and apply it into yours.

[taufik123]

-snip-
It would be always that best if you are really that basing with your own analysis and mold up something that you do seem that it would really be that better. If you do see that others analysis
is something that realistic or have that good approach on certain market conditions then its up to you whether you do copy it completely or would really be
just that getting some idea and apply it into yours.

Copying completely is foolish, there should be a filter about applying someone else's analysis.
It should be as simple as this, Look, Observe, Copy, and modify.
If it has been modified then it can be applied and it will not be the same as someone else's analysis.

Any prediction that comes from someone else is not allowed to be used in full, it needs some approach to see and review how the prediction works.
No prediction is 100% accurate, there will definitely be some errors and these errors can be minimized.

[romero121]

Prediction is the process through which we were able to complete our buying/selling. The market is speculative by its development, and the same makes the need of prediction much needed than relying with on the go investment. We should go through the chart and the same will give better understanding about the variation between years. Later when we relate the events that had happened around the cryptomarket we'll get to know about the reason behind the market bounce. In all market situation we should have the ability to predict the market ourselves taking in the prediction of experts as the reference. This way we can make closer prediction about the market and blaming others when something goes away from what is being expected.

[MarjorieZimmermanGinger]

Are you in one way accepting that we should depending on the prediction of someone will feel has more ability or understanding of the market structure than us?  Literally i wouldn't do that. If am unsure of my predictions I can decide to look into others prediction, which is not a bad thing to do but I won't depend on their prediction. If my mind doesn't accept what they have predicted I will look into more predictions from other person, do more research before I take my conclusions.

Of course, I am one of those people who accepts the consequences of predictions and although I don't always rely on other person predictions, I have to admit that other person predictions are much better than my own predictions. The problem is that person don't follow the predictions of person who have the correct structure and they try to follow some predictions of people who understand bitcoin like us. Seeing that predictions don't just rely on one person and maybe you have to combine several other predictions, then decide on a conclusion based on your own study?

Still the ball is still in my court. I can choose to accept the prediction because I have analyzed and see it's not bad and I can still decide to follow my own prediction. Relying on someones prediction may at some point disappoint you. What if the predictor was not active for some period how would you do, will you stop predicting the market and wait for his return? Or you would find another predictor.

When someone understands the meaning of predictions correctly, they will definitely know that something predicted by someone else also has the potential to be wrong. The final decision is not completely made based on other people's predictions because we have choices that can be implemented. If we don't lose a lot, we are given thoughts and instincts but don't use them. In conclusion, look at some predictions from people who understand market structure and Bitcoin, then decide after doing your own research because that level is much more correct.

[pinggoki]

You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction

That's not going to be enough because prediction will still be a prediction, it means that even if they were right the last time, it's not a guarantee that they will be right on their other future market predictions. In fact, it could be only be a coincidence that they were able to be correct about their prediction so be careful about following people that are saying that were right about their predictions last time because they might be wrong this time. Maybe if those predictors are able to give some information that can back up their predictions that is in a way convincing and is plausible to happen but that's going to be one hell of an information to be presented that you will be able to convince people to believe your predictions in my opinion, it's not just some simple stuff like what's currently happening but something that will affect even those outside the market.

[Sexylizzy2813]

Maybe we should use speculations in this regard, we cannot be hundreds percent accurate in what we predicted about bitcoin market price, everyone is only trying his best to make the perfect discovery out from what we read through the bitcoin market price chart flow, there are times we can be accurate about it all and also times we may not get the right target, but we are most closed to the right situation on the market trend when we speculate.

Some people who does this prediction thing they say it and sometimes make it look like is going to be the way they predicted it, nobody knows the future of Bitcoin and nobody is ever going to get it right. All you see is guess work even on some of these blogs. Bitcoin price movement is the best in giving us what's real.
If in some cases what they predicted fall in line with what market price gives us you'd see how the predictors feel like they knew it will happen so we should just let it be, let's use what we see to do the trading.

[kingvirtus09]

Maybe we should use speculations in this regard, we cannot be hundreds percent accurate in what we predicted about bitcoin market price, everyone is only trying his best to make the perfect diwcovery out from what we read through the bitcoin market price chart flow, there are times we can be accurate about it all and also times we may not get the right target, but we are most closed to the right situation on the market trend when we speculate.

If you doubt your own technical analysis so that you can make a prediction on a crypto asset, make yourself believe in the prediction of others who you think are confident that their prediction or assumption made in the analysis of trading will happen.

But if you have a deep understanding of trading and know how to use the trading tools, it is better to trust and expect your own prediction and not the analysis of other traders here in crypto trading.

[slashz9]

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.

I think the predictions will not be too different from reality because they predicted, but the estimate that November should fall turned out to be wrong, but there are still 10 days before November ends.
Then December is usually the month Bitcoin declines every year.

[EarnOnVictor]

You can depend on a prediction when you know the ability of the predictor because is not all people that predict bitcoin that knows the analysis of bitcoin sometimes they predict wrongly because they feel to lead people into trouble or make people to lose, so believing prediction it depends on the predictor because not all that predict the price of bitcoin all knows it, both signals givers sometimes they do that to gather firms why they know things, it is good for you to predict on your own with out relying on someone else, so I believe that bitcoin prediction should be something that you should believe fully because alot of predictors make a mistake during their prediction

This means that we still rely on predictions when we want to make a purchase or sell it and involve the level of truth of a prediction back to who we follow and how their indicators are when making the prediction. More precisely it is a technical thing about the ability of the analysis and of course there are times when the prediction shifts from the actual event because the name of the prediction is definitely not always right. When we try to combine some predictions, it will sometimes be more confusing and that's where the ability is needed to give birth to conclusions.

I still believe that predictions are an indicator for someone involved in investment because as a first step we need predictions. The question is, is there another way that people can do besides doing predictions. Prediction is the first step for someone to decide and when they are sure of the prediction they will have conclusions.

Thank you for the question, and let them come out and say if there is a way to deal with the financial market successfully without predictions. Good or bad, you have to predict and trade with predictions.

Traders and investors, new or old must rely on predictions, there is no alternative to this. The predictions could come in many ways but must be from speculations as many methods are there to get these speculations, which are the guide to put traders and investors through in their trading and investment quests.

I don't join anyone to underscore predictions because there is no alternative to it, it has to be done, or else investing in that market would be a blind one which is never advisable. But one thing every trader/investor should write at the back of their minds is that speculative predictions are not an endorsement of what would happen. When the source is good, there is no way the prediction will not have a higher degree and percentage of accuracy. Personally, I rely on the market predictions to act and there is nothing anyone can tell me without using my own brain when it comes to the fundamental reviews. Then I later go to my trading chart to do my own analysis for the last confirmation. It's from there I get my recent predictions of what the market would do both in the long and short-term trading scopes.

In other words, there is nothing anyone can do about this, predictions are needed, you need a guide as you trade unless you just want to be wasting your time. Only that it's better we are analytical ourselves rather than relying on external financial advice from unfounded people, which is one of the reasons why many people fear predictions.  

[Sexylizzy2813]

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.

I think the predictions will not be too different from reality because they predicted, but the estimate that November should fall turned out to be wrong, but there are still 10 days before November ends.
Then December is usually the month Bitcoin declines every year.

Reality and predictions not that different, you think so?
Well, to me I think there's a big difference, with reality is what we're into, that we see. But prediction is some how like what we want to happen.
With 10 days to go I don't know if we could see a change in the price and I feel some of these guys who give us their predictions, this is when they feel what they say will happen on Bitcoin price which to me never happens and they always get it wrong. Can't really say what December will start with but I hope to see a huge amount of Bitcoin price.

[naikturun]

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.

Predictions are made based on analysis of existing data that has occurred in the past. Predictions are made to estimate the possibility, even though it is not accurate, at least it will be close. For example, when the clouds in the sky are cloudy and it hasn't rained yet, people predict that it will rain even though it hasn't rained yet.