No manual to Bitcoin future, only historical data.

[EarnOnVictor]

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,

This is more reason why it baffles me the way some people idolise key figures online, especially the rich guys and public figures. Once they talk, they think some kind of god in human form has spoken. Whereas, it's just a speculation; there own very view of what Bitcoin could possibly do, and not a kind of certainty, as no one knows what the future holds, especially when they predict those prices that Bitcoin has never attained before.

[Ishicryptic]

Not just Bitcoin, there is no manual to the future of any assets, we rely on their historical data to determine whether they have potentials to give profit in the future, the level of trust of the historical data will determine the amount that we are willing to invest in them. Remember that when Bitcoin was created it had no hysterical data and that was why a lot of us didn't pay much attention to it, so now that it's data has proven that it is a valued asset like gold so it makes sense to invest in it. We just have to be cautious about investing in Bitcoin beyond amounts that we can afford to lose because there is no guarantee that it must be profitable to our expectations.

[slaman29]

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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.

Might be surprising to hear, but this is rare and if so, a lot of respect from me. These days, you hear the most basic comments: risky project, risky devs, risky caps, risky platform (which to me are actually quite valid from a DD perspective).

But if you're just a short-term trader, and not a flipper 'investor', and the data is enough that you get 200 MAs, then you're better of trading on your conditions and rules.

Refreshing, good luck to you!

[TheUltraElite]

From the historical price, we can get an idea how low or how high the prices can go.

But we surely cannot predict how much the next all time high is going to go up to neither can we predict when that is going to happen.

Hence trading will depend on how you are placing your trades. You can keep buy orders open at prices that are low to buy at and put sell orders on opposite - or you can waitfor the drop or rise to start and then depending on how fast the price is changing, you place the orders.

Its not an exact science but still it can be done.

[Finebone]

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.

I believe that It can still gives out up to 5-10x of it current price in three to five circles from now, but it may not be as profitable as it was when it was still below 1k, but investing in it as a store of value is not a bad idea either, because your hopes will not be too up like someone that is expecting a huge amount of returns from his or her investment.

If it is trading, it is a different case. I use 10% of my income to trade which I can afford to lose.

When trading the market, we should be using a funds we can afford to lose, so that we wouldn't feel much of the effects if our trades did not go as planned, so you are doing the right thing by using only 10% of your income to carry it out, because it also helps you to trade the market without emotions.

[#CapsLOck]

Useful historical data, but I believe that the greater worry is to regard historical patterns as rules. The market structure of Bitcoin continues to shift with the changes in liquidity, uptake, regulation and institutional involvement in this market. When a pattern repeats more than once doesn't necessarily mean that it will repeat on the next occurrence. In my opinion, historical data is more useful in establishing a range of potential scenarios and level of risk than for making a specific forecast of the price. The plan becomes fragile if this one cycle pattern is required to repeat for the thesis to work. Better is to have a simple thesis, determine what might invalidate it and make it small enough so that you don't have to make an emotional choice to be wrong.

[SilverCryptoBullet]

Useful historical data, but I believe that the greater worry is to regard historical patterns as rules.

Bitcoin market has its cycle from price actions to psychological actions but patterns or fractals can have accuracy and work like charm or some other times does not work well for price speculation. Then knowing about market history, cycles, patterns, fractals is good but not enough and a famous reminder is "Don't time the market, don't outsmart the market".

The market structure of Bitcoin continues to shift with the changes in liquidity, uptake, regulation and institutional involvement in this market. When a pattern repeats more than once doesn't necessarily mean that it will repeat on the next occurrence. In my opinion, historical data is more useful in establishing a range of potential scenarios and level of risk than for making a specific forecast of the price.

You can use them for having different scenarios, on what to do especially for accumulation that is most important for your portfolio building and profit from it over time. If you can accumulate bitcoin gradually with time, and hold it a long time, profit will be a likely guarantee for you. You will get bigger bitcoin portfolio than other people who hesitate, try to speculate the market, and miss many opportunities for purchases, then you will get better ROI and bigger profit too.

[Alphakilo]

From the historical price, we can get an idea how low or how high the prices can go.

But we surely cannot predict how much the next all time high is going to go up to neither can we predict when that is going to happen.

Hence trading will depend on how you are placing your trades. You can keep buy orders open at prices that are low to buy at and put sell orders on opposite - or you can waitfor the drop or rise to start and then depending on how fast the price is changing, you place the orders.

Its not an exact science but still it can be done.

I couldn't help when the thought of AI bot trading came into my mind while reading through some of the comments.
You know the current hype about using AI bots to trade, it makes me wonder if AI relies so much on historical data when they execute orders as instructed by the trader or they simply predict based of the traders' already developed strategy, past data or current market speculation data available?

[Dareo]

If someone know the exact price movement of bitcoin in the coming days, I am sure that they would sell all their assets and start trading, then they earn huge money instead of making small earnings by selling courses to other people. That is similar to selling the book How to win lottery written by someone who has never won in lottery ever, I mean it is totally scam. Because historical data are just showing what might happen but nothing is guaranteed by it in terms of future price moves. So  in my opinion the best thing is being patient and enduring for maximum time possible because the promised gains of magic are nothing more than just empty promises made by others.

[Tamaperdana]

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.

It's true that in the realm of trading, we must be truly patient and able to enjoy the process. It's undeniable that if we don't enjoy the process, it will be incredibly boring. Therefore, I believe we must be able to control our emotions, as this is the key to becoming a trader. Regarding the volatile Bitcoin price, it's true that data is the only thing we can use to make predictions. But that's okay, because basically all crypto markets and other markets are like that. So, we don't need to worry about this, because analyzing Bitcoin prices is indeed not easy. So, don't make it even more confusing just because of the data. So, it's better to deepen our analytical skills. Essentially, even if analysis doesn't produce completely accurate predictions, at least we shouldn't be foolish traders who don't conduct any analysis. Because that is clearly a very bad practice. So, stay motivated and never give up. May we all become rich and happy.

[Zigabel]

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.

Investing or trading with an amount you will be able to loose comfortably is very crucial and important because even with all the available data we have got, we never can tell the exact price Bitcoin will be in the near future even with trading and investing, we only get to speculate it and then we invest some money we know we can afford to loose at any time should it happen that price isn't going our way. Bitcoin isn't a get rich quick scheme, and for those who are looking to get wealthy quickly, it is always advised them that Bitcoin is not where they should run to except the have the patience for wealth creation and to build wealth. A sustainable wealth will need sometime and years to build, it will typically take some years of Hard and consistent work and not some quick scheme for those who think there is some short cut to it, except for inheritance some other forms of favour, you will need that time to be able to amass wealth. The people who come around proposing and preaching wealth and promising they can make you wealthy are actually in the chase for wealth and are using that means as a chance to explore their own chances promising to make you wealthy when themselves are not as wealthy yet.

[Freeveto]

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.

Historical data is what we have and need to predict the future market direction because no one sees the future, but based on how the market is working, if you have good knowledge, you can analyze, but there is no perfection which is why it is called risky investment because you never can tell what will happen no matter how good you can be in making analysis.
The journey of making money is always gradually, if you wants to make money quick, you will like to rush everything which will lead you to lose if money.

[Perfectbaby]

Majority of people claimed that they knows where bitcoin is heading but in reality none can actually give a clear direction and definition to where the market gonna end one day. In rarity, vast majority of people are doing blind investments, more like saying let me just put this amount and expect to be earning such amount when the market hit a possible x amount. As we know, you can’t define the future of bitcoin but we have it in mind that the future is always bright and light that is why many people always refer to the history in order to draw more people closer to make investments based on their previous experience and profits but can’t give clear explanation where the price of bitcoin gonna be in the next 20 years to come. If you ask nearly 99% of people who have invested in bitcoin about the future plans they would only tell you that bitcoin could 2-5 million dollars, but that is not true.

[M47AK16]

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.

I would never consider anyone as my mentor if they are simply bragging their knowledge. Knowledge is intense and I have somehow managed to understand if someone really has that knowledge. It is sad to say but more than half of such mentors will fake their knowledge. They do not really know what's going on but will use a few resources which are available for free. These mentors would still try and teach others but in reality, they themselves do not have much experiences.

These mentors might make quick money teaching others. Others would blindly follow these mentors because one might think they have enough knowledge but we should actually consider live examples before considering anyone our mentor.

[taufik123]

Majority of people claimed that they knows where bitcoin is heading but in reality none can actually give a clear direction and definition to where the market gonna end one day. In rarity, vast majority of people are doing blind investments, more like saying let me just put this amount and expect to be earning such amount when the market hit a possible x amount.

If you learn technical analysis you will say this, because the direction of Bitcoin is actually you will know if you look at the technical analysis and fundamentals that occur.
Everything has continuity.
But it won't be fully known, as this is a preliminary clue as to where the Bitcoin market is going and where it will go.
If anyone says they can know 100% about where the price of Bitcoin is going, they really just want to influence people to buy more Bitcoin.

But never make a Blind investment like you say, because Blind Investments really don't know what they're doing.
But if this kind of thing is done to Bitcoin, of course I think it still has advantages, especially when prices are bearish, it will be a good long-term investment.
But because those who make blind investments, they don't know when to take profits, The end result will always be the hardest and it is not easy to take profits at the right time.

[I_Anime]

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.

Where’s the fun in it knowing the future of Bitcoin . Just like are other investments comes with uncertainty, Bitcoin also is not an exception. We can only speculate the future using the historical data ,  like In previous cycles, we’ve noticed some similarities in price movements, but history doesn’t always repeat itself. but the recent cycle we had was quite different from the others. According to the past cycles after the Bitcoin halving, comes with   The  rally of bitcoin price , but during the last cycle we had which is around 2024 Bitcoin rally before and after the Bitcoin halving .

[Odusko]

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.

Not knowing the future market value of Bitcoin, is what have Bitcoin a volatile unpredictable assets, majority of time, we can only speculate and analys Bitcoin market, but we can not tell what position we are going to end up in the future market, trader's bears the higher risk since they are gambling against the market volatilities just to make the gains but relying on luck to meet that profits, most times the market always act in the most safe place putting investors capital on a higher risks, this is why we need proper both market analysis and risks management in Bitcoin investments.