Quote from: BitHodler on May 20, 2018, 01:06:45 AM

Quote from: Qartersa on May 19, 2018, 11:59:16 PM

The fact is that we can't keep on making these predictions without basis. All of these predictors are just delusional people.

We actually can. It's called speculation for a reason. If predictions don't play out how people were thinking it would, they will adjust it so they have a better shot at being right the next time.

It's however a different story if we talk about how much value these predictions hold, which is pretty much zero. This is actually what makes even the best traders in this market lose out ~ there is just no way to predict it.

Plain gamblers are lucky and bank on certain opportunities one day, while chart analysis guys completely miss the boat, and then a week later the same situation repeats, but then vice versa.

I'm glad that I am in for the long term and don't have to go through all that.

You basically did agree. It's not that we cannot make baseless predictions, it's the point that we should stop making stupid predictions out of stupid data like from my previously linked posts. The issue is people just keep on creating new threads about their predictions with failed assumptions and forcing the data to show their prediction is right. Which in fact is wrong, as it could lead people to believe their prediction has some sort of legitimacy and accuracy.

Let's not get into gambling, that is totally a whole new story and should never be equated to trading.