No manual to Bitcoin future, only historical data.

[Hamza2424]

In trading I don't stick with Bitcoin; my plan and strategy won't work on Bitcoin unless you trade with different coins. Currently I'm not fit to trade with Bitcoin; that is why I switched to ZEC before and am now trading with SUI and NEAR because I only trade with the bias trending market, not the consolidation where it happens generally with Bitcoin, and volatility is not worth it using some measurements. It's not worth trading in short term so it's not good for future trading. Who does daily trades unless the funding fees keeps cheaper.

You like to play it hard bro, ZEC and NEAR are pumping, and to be honest, trading in them at this point is like playing with fire. Really, I am totally opposite to this. I don't touch risky assets like this, especially when they have pumped too much.

Although in the shorter timeframe, with some leverage and $50 to $200, I can risk on both, but that would require me to spend some time on the chart as well, which I failed to manage. But these alts are really good too in the long term. Iran's eyes are opening about Tether, they are moving into privacy coins, ZEC is their first choice, hackers are using it, everyone is moving into ZEC, but after using ZEC, they eventually cash it out for BTC.

So BTC is the horse of the long game. But I like the way you play.

[Alphakilo]

The journey to wealth creation is boring and long, in most times it takes over and over again with years of consistency to get to your plan target. Don't be deceived by anyone who comes to you and start blabbing about how good they know the market and what could happen next. If they know the market future and are good as they claim to be, why then are they not floating on wealth due to constant massive profits.

If it were possible to predict the price of Bitcoin, then many people would have become rich overnight from Bitcoin, but I have not received any such news so far. That means it is not possible to accurately predict Bitcoin in exchange for anything. We can only form our expectations based on past data, I think it is not possible to guess.

If it were really possible to get rich quickly from Bitcoin through research, then instead of someone telling you about it, he himself would be so busy with that work that he would not have time to talk to you.

The cryptocurrency market is driven by extreme volatility mostly for traders who trade often and don't know this because they rely on past data, without knowing that historical data is only for studying how the market functions rather than a guarantee that it would bear same outcome that would be profitable.
Even the best strategy may fail to work with studying past data when risk management practices that include financial discipline and emotional control is thrown to the wind.
It is therefore a greater good to oneself as a trader to be very well disciplined, consistent despite losses and avoid the pitfall of trying to use past data or ignoring risk management practices while trying to guess the next candles that appear on a price chart.

[Franctoshi]

The only data we have when it comes to volatile asset market like bitcoin is historical data. Everyone is depending on historical data to make analysis and give their speculation of the  future price of bitcoin. Nobody knows the future to know precisely what bitcoin price would be, whether you're trading or investing, use funds that doesn't scare you to use and bury that greed and impatient so you don't hit a rock bottom before you practically start.

The journey to wealth creation is boring and long, in most times it takes over and over again with years of consistency to get to your plan target. Don't be deceived by anyone who comes to you and start blabbing about how good they know the market and what could happen next. If they know the market future and are good as they claim to be, why then are they not floating on wealth due to constant massive profits.

The market is base on speculation, expectation and prediction, and no one can behold the exact future price, So this is why people cling to using Bitcoin historical data and performance to predict, if one fails to understand this, then that's where your problem begins, risk what you can and believe the process, this is 17 years of Bitcoin existential, and the process worth believing in.

[BitMaxz]

You like to play it hard bro, ZEC and NEAR are pumping, and to be honest, trading in them at this point is like playing with fire. Really, I am totally opposite to this. I don't touch risky assets like this, especially when they have pumped too much.

Although in the shorter timeframe, with some leverage and $50 to $200, I can risk on both, but that would require me to spend some time on the chart as well, which I failed to manage. But these alts are really good too in the long term. Iran's eyes are opening about Tether, they are moving into privacy coins, ZEC is their first choice, hackers are using it, everyone is moving into ZEC, but after using ZEC, they eventually cash it out for BTC.

So BTC is the horse of the long game. But I like the way you play.

Well, I have a different strategy. I don't know what strategy you are using, but I trade only in trending markets, just like those coins, and it is actually part of my condition. Seeing a high momentum like this is an opportunity for me, and I always enter on pullbacks or retracements, and I usually trade in a 1H time frame after top-down analysis.

I don't stick with these coins; the only reason I trade them is because of the possible continued pump, but I still have some references, including the volume and momentum changes and conditions must met before I make some trades. Even if it is sitting to oversold zone, it's just a signal that there's a high possibility of reversal. Actually, I am waiting for that reversal because I only enter pullbacks, not exactly pullbacks, but if I see rejections and meet my momentum and breakouts, then that is going to be my entry setup. My strategy includes price action, but I still need some indicators like EMA50/100/200 for trend analysis and MFI/RSI for momentum analysis.

Risky or not, I trade only based on my conditions and rules. I haven't traded just because the coin is risky or the current situation is risky. I have a system that I follow; it's not random or something. I strictly follow the rules and conditions; breaking them will give me a bad result.

[mirakal]

History will always be significant for bitcoin. However, its not all the time that history will repeat itself so we cannot be confident enough that by following the historical data and apply the same pattern, success will be achieved. But the fact that we learned from history even if it means the hard way, I think its already a plus points for us.

The market is full of volatility, and different speculations arise not because we know the market well, but because this historical data lead us to create different predictions that we think will probably happen in the future.

[PERtua]

I believe the importance of position size is as significant as market analysis. And historical data is helpful. While you may be right in the long run, it is easy to get carried away with leverage and it is possible to be short the money required to cover your daily living expenses, which can cause you to sell too soon or too late. A good strategy should take into consideration the possibility that you will be unsuccessful. And not just attempt to be successful. Bitcoin's track record doesn't always provide for results. And risk management is a component of the plan. Not an afterthought.

[TedMosby]

It's interesting when many people (including pro traders) say they often read historical data, draw lines, and analyze chart patterns to help with their decision making. I mean, things like this are repetitive work and need a high level of knowledge, focus, concentration, and stable emotions, which I think is the domain of AI. But in reality, even AI can't predict the market well when it does algorithmic trading based on the technical analysis process that we feed it.

The longer I am here in crypto, the more I feel the market is just full of news, narratives, and manipulation. Technical analysis may help, but only for the short term, in a calm market. But when it comes to long term goals, technical analysis alone may not suitable for daily traders. There is only a small percentage of people who can make money consistently in crypto. It makes me wonder about the ratio of truly skillful people compared to people who get wealthy purely from their luck.

[Rruchi man]

The only data we have when it comes to volatile asset market like bitcoin is historical data. Everyone is depending on historical data to make analysis and give their speculation of the  future price of bitcoin. Nobody knows the future to know precisely what bitcoin price would be, whether you're trading or investing, use funds that doesn't scare you to use and bury that greed and impatient so you don't hit a rock bottom before you practically start.

The journey to wealth creation is boring and long, in most times it takes over and over again with years of consistency to get to your plan target. Don't be deceived by anyone who comes to you and start blabbing about how good they know the market and what could happen next. If they know the market future and are good as they claim to be, why then are they not floating on wealth due to constant massive profits.

The people who may happen to brag about their knowledge of the market can be your mentors or teachers, and the chances of you believing them are high because you see them as very skilled and their skill level should grant them access to that knowledge.

All predictions about the market are mere speculations; none is 100% correct. Having this knowledge will help you not get easily deceived into trusting someone's analysis blindly about the future of bitcoin regardless of the title the person has.

[henmark]

It's interesting when many people (including pro traders) say they often read historical data, draw lines, and analyze chart patterns to help with their decision making. I mean, things like this are repetitive work and need a high level of knowledge, focus, concentration, and stable emotions, which I think is the domain of AI. But in reality, even AI can't predict the market well when it does algorithmic trading based on the technical analysis process that we feed it.

The longer I am here in crypto, the more I feel the market is just full of news, narratives, and manipulation. Technical analysis may help, but only for the short term, in a calm market. But when it comes to long term goals, technical analysis alone may not suitable for daily traders. There is only a small percentage of people who can make money consistently in crypto. It makes me wonder about the ratio of truly skillful people compared to people who get wealthy purely from their luck.

Historical data has made it a bit easy to analyse the markets and make our future decision but let's not ignore the fact that this historical data would not always help us in making profits. Majority of the times, history does not repeat itself so catching the same move is almost next to impossible. Historical data shows if price reacts to any specific pattern or can even help us know the support and resistance levels but it would still not make it that easy to use that data in order to make profits in the present.

Historical data can be useful for us to learn about trading but will not really be of much help for the present of future. We all need to make our own assumptions when it comes to future without actually relying on this historical data.

[New Judgement]

Holding bitcoin now is not about people should be expecting huge ROI, but bitcoin can be a store of value asset for you if you understand about it.

People can still expect a huge ROI from bitcoin investment, but such huge ROI won’t be in one bitcoin circle because the price of bitcoin don’t move that fast as it was at the early stages. But if one can invest in bitcoin and hold it for many circles, the person is more likely to see a huge ROI, although it will depend on the size of the investor’s portfolio. From the current price if one invest in it and hold till the price of bitcoin double from what it is today, that person will be in huge ROI.

[Pandu Geddon]

If they know the market future and are good as they claim to be, why then are they not floating on wealth due to constant massive profits.

Trading indeed attracts attention, even more than investing for beginners. We know that no one can see the future, but we know there are traders who actually trade better than others. This is not only related to knowledge, but to trading practice that is actually better. 
There are indeed people who are very good at presentations and persuading others. But people like that in skills may still lose to someone who prefers to remain silent.

[Misbah2002]

It depends on what data you are talking about OP. Is that data you mean a chart? Then I would say, that is something that is less guaranteed. But if the data you mean is something like a news for example and then the context of that news is that there is a influential person that is going to do a major move at some point of time relating to crypto or even not really on crypto but only on some thing that we think can also have an impact to it then it can have a weight and it can also be better than compared to the present news with the same context, only because it can occur earlier than the other.

If we love what we are doing, then there will never be boring or dull moments and there is also that says that the process is sometimes more enjoyable than the destination. Trading maybe known to be hard but once mastered, it is also the one that can give us a quicker profit. Those who promise they know something, do actually flex their wealth too but we must not easily believe on them as most of them has a hidden agenda.

[savetheFORUM]

Not just bitcoins but any other asset like gold or oil does not have any future assurance. All these prices depend on the historical data and future assumptions. No one actually knows what the price would be but we still make our assumptions by using a few strategies or chart analysis. Not every analysis is accurate so majority of people would still face loss but the ones who spent a really good time in analysing the charts would eventually know when to invest and exit.

Entry is not an issue but where to exit is the real question. Our analysis only helps in understanding the exit levels because without these exit levels, it would be like swimming in the dark without knowing where the shore is.

[Arenga pinnata]

The only data we have when it comes to volatile asset market like bitcoin is historical data. Everyone is depending on historical data to make analysis and give their speculation of the  future price of bitcoin. Nobody knows the future to know precisely what bitcoin price would be, whether you're trading or investing, use funds that doesn't scare you to use and bury that greed and impatient so you don't hit a rock bottom before you practically start.

The journey to wealth creation is boring and long, in most times it takes over and over again with years of consistency to get to your plan target. Don't be deceived by anyone who comes to you and start blabbing about how good they know the market and what could happen next. If they know the market future and are good as they claim to be, why then are they not floating on wealth due to constant massive profits.

Essentially, almost all investment instruments provide only historical data. After all, they’re all the same nothing is certain. However, we all place our trust in an investment instrument when we see significant long-term potential, which can be identified through clear fundamental analysis. We see that same potential in Bitcoin as well. This is because, at present, the number of people adopting Bitcoin is still very small compared to the world’s population. Meanwhile, major corporations across all sectors and even major countries, are now enacting specific regulations for Bitcoin and cryptocurrencies. This is actually a sign that they recognize the inevitable potential for significant growth in Bitcoin’s future, particularly in relation to the digital age and the fact that currencies must inevitably adapt to the advancements of the digital era. So, in addition to historical trends, we can clearly see a wave of adoption that also serves as an indicator of future potential. And that, I believe, is what drives us to invest in various investment instruments, especially Bitcoin.