How do you suggest I handle incorrect price predictions?

[Odohu]

I find it frustrating when my price prediction for the market fails.

If your price prediction fails and you feel bad, then risk management was never in place and fully incorporated in your strategy. As a matter of fact, one of the best winning strategy is being able to manage your losses because they will always come... no system or strategy is perfect and like it is always said, nothing is guaranteed in this market.

What we are doing is a game of probabilities so you just have to development a system that give you edge over the market with risk management in place so that your winner is far higher than the losses... that is how to survive. The last time I checked, we are little fries in the market because our capital cannot move the market much... so don't ever think you can predict the market accurately all the time because you won't.

If you ask me, I will suggest you refine your strategy to integrate risk management and also go for trading psychology course that will further help you manage your emotions and give you the balance you need to remain happy and stable irrespective of the outcome of your prediction.

[Oilacris]

I find it frustrating when my price prediction for the market fails.

If your price prediction fails and you feel bad, then risk management was never in place and fully incorporated in your strategy. As a matter of fact, one of the best winning strategy is being able to manage your losses because they will always come... no system or strategy is perfect and like it is always said, nothing is guaranteed in this market.

What we are doing is a game of probabilities so you just have to development a system that give you edge over the market with risk management in place so that your winner is far higher than the losses... that is how to survive. The last time I checked, we are little fries in the market because our capital cannot move the market much... so don't ever think you can predict the market accurately all the time because you won't.

If you ask me, I will suggest you refine your strategy to integrate risk management and also go for trading psychology course that will further help you manage your emotions and give you the balance you need to remain happy and stable irrespective of the outcome of your prediction.

People should realize that one thing which its true that there's no system or analysis that would really be that perfect on which means that outcomes would really be entirely be that random basing up on the market sentiments around which anything could really happen and there's no way on stopping it completely which it would really be resulting neither positive or negative with your trading positions
and this is why its neither a profitable or a losing kind of trade on which it is really that something that you should anticipate so that you would really be able to make yourself that prepared and dont get that kind of extreme frustration which might lead into that impulsive decisions into your trading decisions and this what makes you boggled up on what things that you must do.

On the time that you are in the verge of huge disappointment and frustration then it would really be just that better that you should really be assessing on what things makes wrong and move on
simply because market is never been that too kind and would really be having those opposite take of directions which would really be resulting into those negatives or losses.
Call it a day and move on the other so that you wont really be keeping yourself going back and blaming yourself on what you have done which it isnt really that recommendable.

[gunhell16]

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

All of us here in the crypto space are entitled to give predictions; whatever our prediction is, there is nothing wrong. Why? Of course, these are our assumptions based on our understanding of the analysis we read in the chart graph. Then there is one more thing: do you have an idea or do you know that it is difficult to predict the price movement in the market? You should expect it, and at any moment you can be frustrated; we should not be surprised by that.

Your prediction could actually happen; it just didn't go in favor of what you wanted to happen, so you got frustrated. That's why the predictions of each of us traders are just different, and we argue about our understanding and use of tools to determine what is right in our eyes.

[irhact]

Most of the time we think that we can predict the price right neglecting how the volatility of the market affects the price and possibly changes the trend. Indeed, the best thing to do is to buy at a cheaper price and hold, the wait for the price to rise before selling. But what we usually do after buying Bitcoin, we already think about making a profit right away but if we fail, we then also think it is a scam and worthless investment. In many cases this happens to us, some people have already learned from it while some have not.

That's correct, holding is the only safe way of investing in Bitcoin and not through trading because trading is very risky. Many individuals think they can only make profits when they trade and that's the reason behind many individual getting interested to trade. They don't have the patience to wait for few years for Bitcoin to rise and give them profits. They want to make the profits as quickly as possible by trading but they reject the decision after losing.

Having few incorrect predictions isn't a problem because the market moves so fast that at times your prediction would have been correct but due to other reasons the market moves in an opposite direction but if you noticed you aren't getting correct prediction you have to quit.

[Davidvictorson]

Wow, so many encouraging responses more than I expected. I have sieved through them and learnt a great deal. In the meantime, no more expert opinions to friends. If I have to do this then it should be anonymous but no more predictions. I'll just go back to my bitcoin goal and keep investing a specific every other month

[taufik123]

Wow, so many encouraging responses more than I expected. I have sieved through them and learnt a great deal. In the meantime, no more expert opinions to friends. If I have to do this then it should be anonymous but no more predictions. I'll just go back to my bitcoin goal and keep investing a specific every other month

It is best to do it consistently, no matter what the price is if your goal is long term you should continue to buy every two months.

DCA will provide good accumulation when the Bitcoin price starts to rise and enter a bull market.
You certainly won't miss the bullish party that is likely to happen in the coming year.

There is no need to be afraid of panic as you start accumulating little by little.
There is nothing to doubt about Bitcoin investment.
No more wrong predictions, you just need to hold on and set your top target.

[imamusma]

Wow, so many encouraging responses more than I expected. I have sieved through them and learnt a great deal. In the meantime, no more expert opinions to friends. If I have to do this then it should be anonymous but no more predictions. I'll just go back to my bitcoin goal and keep investing a specific every other month

The price of bitcoin is actually difficult to predict, even experts will never have an accurate percentage when predicting it. You can still make predictions whenever you want, but don't let someone else believe in your predictions completely without knowing what the risks are. It may be good to predict anonymously like you did on the bitcointalk forum, but you still have to convince people that your predictions are not financial advice.

If you have to make predictions, then don't be responsible whatever the outcome. Let them know that bitcoin has volatility that is difficult to predict, even if your predictions are correct.

[Mahanton]

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

All of us here in the crypto space are entitled to give predictions; whatever our prediction is, there is nothing wrong. Why? Of course, these are our assumptions based on our understanding of the analysis we read in the chart graph. Then there is one more thing: do you have an idea or do you know that it is difficult to predict the price movement in the market? You should expect it, and at any moment you can be frustrated; we should not be surprised by that.

Your prediction could actually happen; it just didn't go in favor of what you wanted to happen, so you got frustrated. That's why the predictions of each of us traders are just different, and we argue about our understanding and use of tools to determine what is right in our eyes.

We are all speculators on here on which there's no one on this world would be able to predict on what would gonna happen on next years to come specially in speaking about value or potential income which we know that it isnt something that we could really be able to tell on the time that we do set our foot into this market. Lots of speculations around that floats and its true that each one of us does have that kind of prediction on which neither be wrong or right, there's no way on telling it. If you are that someone who do easily get discourage or getting that annoyed or getting angry on the time that you had made out the wrong ones then this market isnt for you or something that you cant really do something but to go along with the waves.

One of the main realizations that you should really be doing is that you should really be that adaptive when it comes to market price volatility.Its always been that unpredictable in the first place
and guessing on where it would be going will be the most common thing that should be done around. It is really just that there are ones who cant handle out their emotions on the time it do fail to reach out
on a certain point and there are ones who could really just easily move on and predict another one and goes on and on.

[Kelvinid]

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

Of course, you will fail because you are predicting long and we know that the market is unpredictable. Nobody has come up with that long market prediction, we all fail to point to the right price and that is the reality so don't make it a reason to be disappointed.

If I were you, stop doing long-term predictions and rather make it a shorter time frame. Maybe that will work but as the other members said, we don't assume that our predictions will be right but doing it in a short time frame will be possibly close to the actual price. Or, you need to enhance the level of your TA and market understanding.

[Doan9269]

I find it frustrating when my price prediction for the market fails.

Do you think you're the only one that had this kind of experience with failed attempts in the market precision, i think we just have to understand the fact that that's how the bitcoin market is with being volatile, we can't predict what may comed in next even if we are sure of what we have researched about it, i think those into trading should tell more of what it takes to make predictions on plain the market to see something else turns out to be the outcome after the prediction.

know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so.

We cannot be always right in what we do, this is why we are taking the risk to invest, trade or speculate on the market, yet all our presumptions may not be accurate.

[ginsan]

Wow, so many encouraging responses more than I expected. I have sieved through them and learnt a great deal. In the meantime, no more expert opinions to friends. If I have to do this then it should be anonymous but no more predictions. I'll just go back to my bitcoin goal and keep investing a specific every other month

You have given up and it seems that you are not strong enough to continue making predictions even if the predictions you say are wrong. I even often experience things like that where we often predict the price every month but it's still far from our predictions but it's just fun for us.

We will see a Bitcoin Halving next year so I remain optimistic that the price of bitcoin will experience a stronger increase next year. So one thing I really agree with you is that gradual buying is a pretty good action for accumulating BTC. This month it might be difficult for us to see the Btc price reach $30k, but that doesn't really matter because we can buy at a cheap price during this downturn.

[Onyeeze]

What incorrect price of predictions can help you do is that what you expected that will be the price of bitcoin will not be the price of bitcoin again, so whatever you are doing in bitcoin investment you are not supposed to be depending on the price of bitcoin  given by someone analysis, so when someone gives analysis or signal in cryptocurrency and it fails you will think that the price or the analysis given to you by a signal person is real, its when the price of bitcoin shift from what the signal officer gives to you, its when you will realise that depending in some one signal will make you to lose without making your own research

[Strongkored]

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

All traders must have experienced this, predicting prices will go down or up but what happens is not according to predictions and that is not a problem at all in my opinion because no matter how skilled traders are, they will definitely experience mistakes, if you have already bought then wait for the price to reach the predicted point is better because I would never do a stop loss in spot trading on Bitcoin except for altcoins, if I still have funds buying at that price is also good because it means the price of Bitcoin has not yet increased and just wait for the time it will start to rise.
If anyone asks why the price is not touching what was predicted, say that this is normal because many factors can make predictions not go as predicted.

[imamusma]

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You have given up and it seems that you are not strong enough to continue making predictions even if the predictions you say are wrong. I even often experience things like that where we often predict the price every month but it's still far from our predictions but it's just fun for us.

A prediction is a prediction and that's it. There is no guarantee that an expert can predict the price without fail if in fact the price of bitcoin does not match expectations. The market can move in any direction and the market can even go against the existing trend, so predictions do not guarantee actual expectations.

We must realize that predictions made by other users are not the basis for why they should invest. Investors or traders must make their own analysis rather than relying too much on other people's predictions, but the analysis carried out will not guarantee that prices match expectations.

We will see a Bitcoin Halving next year so I remain optimistic that the price of bitcoin will experience a stronger increase next year. So one thing I really agree with you is that gradual buying is a pretty good action for accumulating BTC. This month it might be difficult for us to see the Btc price reach $30k, but that doesn't really matter because we can buy at a cheap price during this downturn.

Purchasing or investment strategies may vary depending on your budget availability. If you have a weekly income, then you can invest weekly. Meanwhile, on the other hand, many people may consider monthly investment with the same strategy, namely DCA.

[LogitechMouse]

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Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

You have 2 options. Either don't take it seriously, or don't do it at all.

What I mean when I said don't take it seriously is that, if you are making a prediction, don't be too serious about it, and just take it as a non-bearing thing. I've made some predictions in the past, but that's just my wild guesses. All of them are wrong, but I don't care because it's just a prediction, and I always think that even those so-called experts are getting wrong with their predictions as well. If you make a prediction, just take it like a wild guess where there's a high chance that you will be wrong into it. Don't do it at all meaning... just don't do it at all. If you can't handle yourself, and you're always serious about making a prediction to the point that you make a thread like this, just don't do it at all.

In the end, don't stress yourself about with regards to predicting the price of Bitcoin or any other altcoins out there. We know how unpredictable the price of Bitcoin is, so most of the time, you might be wrong with your predictions. How do I handle my wrong predictions? I just move on with it. After all, I'm not saying to anybody else aside from this forum, and if I'm wrong, I just simply say "Crypto market is very volatile, and it's hard to predict the price of every coin even though you use Technical Analysis in your prediction".

Don't take things very seriously. I just hope that you're ok, and don't stress yourself out.

[uswa56]

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

That's quite natural, no one can predict market prices accurately all the time, let alone the very fast movement of the Crypto market, so don't make it a problem and forget about what has happened because if it continues to be in your mind it will become a new problem. appear in your psychology that will harm you in the future.

So continue to deepen your knowledge and learn several new things to be able to change what has been wrong because in predicting prices we only need to learn more to be accurate about right or wrong, that is quite normal, I hope you really understand that there are errors in predictions is quite commonplace.

[TheSpiral]

Most of the time we think that we can predict the price right neglecting how the volatility of the market affects the price and possibly changes the trend. Indeed, the best thing to do is to buy at a cheaper price and hold, the wait for the price to rise before selling. But what we usually do after buying Bitcoin, we already think about making a profit right away but if we fail, we then also think it is a scam and worthless investment. In many cases this happens to us, some people have already learned from it while some have not.

Bitcoin is so volatile that we cannot make sudden decision in an hour or a day as the price regularly fluctuates in an hour so if we make a wrong decision then this will be our bad luck. By knowing everything that how market goes down and ups if we make wrong step then it's our fault and not a fault of market Fluctuations.

Make sure that you can buy bitcoin at a price which is lower and then whenever you get the reward then there will be always two option first is to wait more and second is to take the profit and then again try to wait for next dip to buy once again.

[Ojima-ojo]

I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?

Hey you don't control the market so why then should you predict the future,  I think is more profiting to align your thoughts and approach towards having a balance ground regardless of the the outcome of the price of Bitcoin tomorrow or the next year,  thos os so important for your well being because to most of us bitcoin os taken as a long term investment and that could mean lot of things along the way up or down depending on your projection.


But never the less,  bitcoin have thrive so hard to be where it is,  and we have to commend that as for the overall liquidity health of the bitcoin market and thos is also very important since we can't possibly predict the price of bitcoin at any certain time,  so for that we may see Bitcoin achieving the $35k round in before the end of this quarter.

[gunhell16]

Most of the time we think that we can predict the price right neglecting how the volatility of the market affects the price and possibly changes the trend. Indeed, the best thing to do is to buy at a cheaper price and hold, the wait for the price to rise before selling. But what we usually do after buying Bitcoin, we already think about making a profit right away but if we fail, we then also think it is a scam and worthless investment. In many cases this happens to us, some people have already learned from it while some have not.

Bitcoin is so volatile that we cannot make sudden decision in an hour or a day as the price regularly fluctuates in an hour so if we make a wrong decision then this will be our bad luck. By knowing everything that how market goes down and ups if we make wrong step then it's our fault and not a fault of market Fluctuations.

Make sure that you can buy bitcoin at a price which is lower and then whenever you get the reward then there will be always two option first is to wait more and second is to take the profit and then again try to wait for next dip to buy once again.

There are many different factors that we should also consider because there are times when the volatility often depends on the happening news about Bitcoin or related to cryptocurrency. That's why Bitcoin is called a volatile asset.

But from another angle, this volatility of Bitcoin helps other holders in their actual trade as well, especially if they are scalpers. Although it is difficult to do, it is actually quite complicated. But that's it; of course traders hold their prediction analysis, although we all know that no one knows what will happen tomorrow or in the future.

Still, always know how to take the risk, when we do trade in the actual exchange site platform here.

[Falconer]

Do not make predictions for the purpose of influencing other people's investment decisions, it may end badly for them if in reality market conditions will not be the same as you predicted. If they are forced to believe in your predictions, then ask them to consider the risks including only investing with a budget they can afford to lose.

No prediction will be 100% accurate, but it is certainly possible to make a prediction that is as close as possible. Your ability to analyze the market both fundamentally and technically can be a good reason to make predictions, but the point is, don't influence other people's investment decisions with your predictions. If you don't have good skills for it, then don't do it because the market and the future price of bitcoin are very difficult to predict.