dothebeats
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December 07, 2023, 06:12:10 PM |
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Even a broken clock is right twice a day, and this also applies to humans trying to speculate bitcoin's movement.
There are tons of 'bitcoin market analysts' out there that became known because of their predictions that came true, although people disregard the fact that they have guessed the market incorrectly many times. One such person is Tom Lee. That guy is overly bullish for years, and a lot of his predictions never came true, but he still got a cult following just because he was right a couple of times which satisfied some believers on their own predictions.
Anyway, the thing is do not bet your life savings on these speculation experts. You still have your own diligence to practice for it is your own money you are spending. Better do some research on your own and decide whether it is something worth risking your money or not.
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Kelvinid
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December 07, 2023, 10:05:44 PM |
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It was easy to claim to be an expert, in fact, it was just speculation and there is nothing wrong with it. As we can see, we all are experts here in the forum (lol) and we are free to share our personal views besides, we are only the ones who believe it because other people had also their views.
Honestly, the prediction was easy to make, we don't need help from others. As long as we are active and are able to understand that market situation, we can simply make our own predictions. And besides, no one was able to make it right.
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serjent05
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December 07, 2023, 11:10:37 PM |
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I've come across plenty of speculation about Bitcoin even before joining the forum. I remember when people said that the current rise in the price of Bitcoin doesn't necessarily mean it's a bull run. Even now, with Bitcoin at $44k, there are still speculations that it will dip. Bitcoin is highly volatile, if you know what volatile means and with it being highly simply means the Bitcoin market can surge and dump anytime. If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.
Speculation is a mere guess according to one instinct and analysis. Some people just play their speculation safe by simply predicting price without a time frame and anyone can do that. I believe many consider Bitcoin price analysts who announce their price prediction as Bitcoin experts since they have the audacity or the courage to speak out their thoughts about the Bitcoin market movement with the use of technical analysis formulas. Even thought they are often shamed by the Bitcoin market, due to their many predictions, they can hit the mark sometimes.
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jeraldskie11
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December 07, 2023, 11:25:46 PM |
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I've come across plenty of speculation about Bitcoin even before joining the forum. I remember when people said that the current rise in the price of Bitcoin doesn't necessarily mean it's a bull run. Even now, with Bitcoin at $44k, there are still speculations that it will dip.
During the Bullish Trend
$36k -- btc will dump $38k -- btc will dump $40k -- btc will dump $42k -- btc will dump $44k -- btc will dump
If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.
Bitcoin was already bullish. Just because it's bullish doesn't mean it will not go down. Some people called it dump because they think that the trend will turn to bearish but in reality it's just retracing to get more liquidity to send the price higher. $36k would be possible to happen or it may go further than that since the strongest support is around $30k. I know some people wouldn't believe that the price will go back to that area but still very possible since there's a lot of traders and investors who FOMO. By the way, saying dump is different from retracement.
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JoyMarsha
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December 07, 2023, 11:33:22 PM |
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In this crypto space, we have seen many who address themselves as bitcoin experts while in the real sense, they are not.
What they do is give unnecessary insights into the bitcoin price that won't come by as they said it to be. The next day or month, they would do the same just to gain popularity since they know that a speculated price of bitcoin is allowed and people like to hear when a speculated price of Bitcoin is given whether it's correct or not.
This same attitude from self-proclaimed bitcoin experts makes me take their words as a joke when they start analyzing what they know that they can't control its price or know its next price movement
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wxa7115
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December 08, 2023, 03:48:18 AM |
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I've come across plenty of speculation about Bitcoin even before joining the forum. I remember when people said that the current rise in the price of Bitcoin doesn't necessarily mean it's a bull run. Even now, with Bitcoin at $44k, there are still speculations that it will dip.
During the Bullish Trend
$36k -- btc will dump $38k -- btc will dump $40k -- btc will dump $42k -- btc will dump $44k -- btc will dump
If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.
If your definition of an expert is someone that is always right and never makes a mistake then there is not a single person that is an expert not only when it comes to bitcoin, this will also be true when it comes to any topic as there is not a person that has not made a mistake at some point during their lives, so it is important to get rid of that misconception as it that helps no one. With that being said there are some people that can be considered to be experts when it comes to predicting the markets, and even some of them are surprised due to the incredible performance that bitcoin has shown during the last months.
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michellee
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December 08, 2023, 07:37:14 AM |
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It is difficult to become a bitcoin expert because bitcoin movements cannot be predicted accurately. They can only speculate as people already do. And if their predictions happened by chance, many people would assume they were accurate predictors. However, that doesn't guarantee that their predictions will always be correct.
You can record every price prediction made by people. After you get it, you can try to analyze with your abilities why they can predict at that price. Maybe you will find more information about these predictions. But you have to remember that Bitcoin movements will still be difficult to predict accurately.
This is why we must continue to learn about Bitcoin price analysis. By always learning, we will find out new things about this analysis. It will improve our analytical skills and we can get more information.
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MFahad
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December 08, 2023, 09:11:47 AM |
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Everyone will define the market differently but these predication doesn't mean that they will be accurate or true and will happen exactly what is predicted. Ups and downs is a normal thing in cryptocurrency so whatever happen we should accept it and decide according to the situations.
It will go down from 43k$ but that will not be for longer time and some people when see slight dump then they sell their bitcoin due to fear of lossing money but they forget the fact that after each dump there occurs a huge pump which nobody has ever expected. There is a chance that price will eventually cross 50k$ but when it will happen is impossible to predict.
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naikturun
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December 08, 2023, 11:24:41 AM |
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This is exactly how many "experts" do it, it is not that easy of a deal and I believe that we are not going to get any decent expert at predicting the price, that's not how it works and unfortunately there are way too many people who end up with wrong predictions and only pick the good ones. This is very unfortunate, but it is true, there are a lot of people who end up with wrong moves that convinced enough people that they are doing the right thing, I have no idea how they manage to convince that many people, but they do manage to do it and that's a big deal, I think it should be remembered that if anyone ends up being good enough, then I think it should be something that will benefit everyone.
I hope that we could get to a point where it could make sense to people that if they are asking you for money, just avoid them. No decent enough person end up with something like this, it should be something that could be free to do by anyone so do not believe them at all.
I think people's predictions will not be as easy as before because there were still few people controlling the market at that time, Currently, several large parties from all over the world have started to acquire Bitcoin, for example Asian people want to pump Bitcoin but they also have to anticipate that other countries will sell so that they don't lose out. so the more players there are, the more difficult the market is to predict.
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peter0425
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December 08, 2023, 12:18:10 PM |
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not everyone but there are some that can be a Bitcoin speculator and expert because there are some people inside crypto that had broadcast their speculations back in the days and yes until now they are giving good if not that accurate speculative . so this one thing that they can bring better prices for the future . There’s no expert in speculation, we are all entitled for our own interpretation and you’re free to speculate the way you wanted it, and will depend on your own strategy. There’s a lot of speculation with Bitcoin, the question is what is wrong and what is right? It’s really hard to know and that’s why you have to create your own speculation so you can do your best decision for investments.
there is no wrong and no right , but it is about accuracy on when will be the price reach the prediction or if the prediction will ever come true.
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Jegileman
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December 08, 2023, 12:22:41 PM |
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I see speculations as just a way of creating FUD in the market. They can never be anyone that will become an expert in bitcoin speculation. Everyone just speculates as they’ve seen in the trend of the market or base on past experience of the movement. Some speculations turns out to be true but in most cases they don’t. When you understand the market much better, when you see a speculation you’ll know the direction it is heading at and whether it can be considered as true or not.
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Nrcewker
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December 08, 2023, 12:23:40 PM |
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No one’s an expert here. People just give their opinions by seeing the trend of the coin. Based on calculations and history of the coin, people give future predictions. Moreover it’s okay to get the speculations wrong sometime. We only know that unlike any other asset Bitcoins follow the policy of supply and demand. So if the demand to acquire Bitcoins are high, then definitely the price will go up due to the fixed amount of supply of the coins. Hence don’t act on other people’s speculations. Do analysis of your own.
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danherbias07
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December 08, 2023, 03:10:12 PM |
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Expert in speculation? I doubt that. It's "speculation" for a reason. It's a guess, a theory, an opinion. I don't think there are experts on such things. Maybe having a good history of guesses but I doubt they will be called experts unless they call it themselves. It's a "free for all" thing, especially for those who like to read the market and maybe they could really get it right most of the time but Bitcoin is volatile and that's what makes it perfect to be unpredictable which is why no one can make a perfect guess every time. Right now, it's not that easy to read it. There's an upcoming event that is supposed to happen next year which is the ETF approval. Because of that demands will keep on soaring and FOMO is happening too. A piece of fake news made it swing up, what more with real news?
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EluguHcman
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December 08, 2023, 04:06:26 PM |
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I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.
Yes of course anymore can be a Bitcoin predictional because there is absolutely no room for recognition of the Bitcoin predictional experts. Rather those who are regarded as predictive experts are likely be those who is more lucky in line about their predictions about Bitcoin prices. Moreover, those who are to be called Bitcoin predictional experts are sometimes far wrong in guestures than some sorts of amateurs in the Bitcoin predictions. This is also how possible it could be of a newbie or beginners being lucky to take winning in the "Games and Rounds" Bitcoin price predictions in the forum yet there at more experienced and acknowledged of those expertise on the same run of Bitcoin price predictions. The whole thing is that experience stance on a chance to possibilities of right prediction but basically with some tips of lucks.
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southerngentuk
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December 08, 2023, 05:49:01 PM |
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The crypto space is unfortunately riddled with individuals posing as "experts" who capitalize on the public's desire for quick financial gains. These individuals often make bold predictions about future prices, often based on flimsy evidence or even outright manipulation. The unfortunate reality is that predicting the future of any market, especially one as volatile and unpredictable as crypto, is nearly impossible. The prevalence of inaccurate predictions and the selective showcasing of successful forecasts paints a misleading picture. Therefore, it's imperative to approach anyone claiming expertise in crypto with a healthy dose of skepticism.
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lizarder
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December 08, 2023, 06:29:22 PM |
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I've come across plenty of speculation about Bitcoin even before joining the forum. I remember when people said that the current rise in the price of Bitcoin doesn't necessarily mean it's a bull run. Even now, with Bitcoin at $44k, there are still speculations that it will dip. That's how speculation works because even though a sharp price increase can occur at any time, there will be times when it will be corrected again below the initial estimated price. Prediction is a reference for looking at estimated prices and from there comes the price prediction that you want to make, but no one can guarantee the level of certainty because we are talking about speculative prices that can change. If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed. Talking about predictions can never be as accurate as desired because there are times when prices change quickly. If there are bitcoin experts who are able to predict prices accurately, many people will become richer when the bullish season arrives. After all, there will always be someone who predicts the price of Bitcoin at any time, but no one can guarantee its accuracy.
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goaldigger
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December 08, 2023, 08:53:16 PM |
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Everyone can claim to be an expert, but do you really believe on that? You can speculate any time you want, and speculate the way you wanted it and you can always claim yourself as an expert but of course expect that not everyone will believe in you because in reality, there’s no such thing as an expert speculation. It’s all about guesses, and no guarantee that the price will hit it so the risk is there.
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Gozie51
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December 08, 2023, 08:54:46 PM |
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If by any chance bitcoin goes below 36k or further they would say they were right about this. I want to know if it is possible for someone to be a bitcoin expert. Like a person who is always right about his/her speculations even if it takes sometime to be confirmed.
Well for me I was also thinking the price will dump before now and it doesn't seem like it will be a reality this year so I have dumped the idea and given up on it that price will fall to the extent of $15k. Regards to whether there are expert predictors, I don't think so. People rely on the season to predict even when they don't have any technical understanding of the market. Like usually during the year before halving, price use to fall and that is why the speculators are still predicting price to crash before the end of this year. So whether that will happen or not is for time to tell.
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taufik123
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December 08, 2023, 10:58:35 PM |
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Well for me I was also thinking the price will dump before now and it doesn't seem like it will be a reality this year so I have dumped the idea and given up on it that price will fall to the extent of $15k. -snip-
The decline is certain and will occur when the market is saturated enough to rise, there should be some corrections made. But for a drop to $15k it is too much, as Bitcoin's nearest and strongest support is currently still around $38k, and it will support a flip trend. Before it hits $15k, there is still a lot of support to get through. I think it's still quite difficult for now to go down that deep because the trend is good and no bad news appears.
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Fundamentals Of
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December 09, 2023, 03:21:11 AM |
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If you say Bitcoin will dump all the time, you will turn out to be right at some point. That doesn't make you an expert. For something that goes up and down all the time, it doesn't take any expertise to just predict that it will go down eventually. In the same way when you always speak that Bitcoin will rise. Whether it goes down one candle after another, it will eventually rise. But it also doesn't make you an expert.
An expert is that speculator who predicts Bitcoin will dip at this time and price, stops at this time and price, bounces back but only up to this level before it goes down again, and gets it perfectly right. But guess what, nobody can do that. So just hodl and stack more. That's the best way to do it.
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