Post
Topic
Board Economics
Re: PREDICTION IS SOMETIMES LIKE A FALSE PROMISE
by
eaLiTy
on 14/04/2019, 01:06:00 UTC
Last year saw many people predict BTC year-end prices, but nothing was validated with time. it is very difficult for BTC to reach predictable prices. Future price predictions fail to consider many factors and problems that may occur over time. Maybe, we can only estimate the value of assets for the next few days like weather experts.
Even if you are able to predict the price of bitcoin for the next couple of days like weather experts, you are going to make a ton of money in future prediction market, no one has the ability to foresee the future price exactly, one can only estimate with the volume and so on and since the market is relatively new compared to other financial markets which are active for over a century we do not have a huge data to compare the price movement too.