Post
Topic
Board Bitcoin Discussion
Re: Why you should stay off from market prediction
by
thenameisjay
on 18/09/2018, 06:39:55 UTC
As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.

Here are few reasons why you shouldn't engaged with it (market/price prediction)

1. Predictions can be wrong

2. Listening to predictions makes you a speculator

3. Listening to predictions makes you an onlooker

4. Price prediction gives you nothing for today, only false hope

5. Listening to price prediction makes you think in one direction

Finally

Don’t let speculation and assumption make you decide what to do.

Well, here are some of the explanation I have per point.

1. I agree, predictions can be wrong or they're wrong most of the time. If you want to believe, the percentage of it being correct is probably around 5-10% based on my judgement.

4. And with false hope, you start becoming miserable and you start panic selling whatever you have to 'cut losses' or some sort.

If you really want to listen to speculations, never expect. Because most of the time, they're plain downers and would only mess up your mind, clouding your judgement and making you emotional at the same time; a very bad combination when it comes to investments.