Post
Topic
Board Trading Discussion
Re: Do you believe in bitcoin/altcoin market stock predictions?
by
CryptopreneurBrainboss
on 15/12/2020, 05:21:18 UTC
Do you believe in those predictions? Did the predictions for market price come true most of the time? did you use it for trading? or not?

The issue here is what's is the benefits of believing those speculation (that's what they're and not prediction per se). They're only speculating on price that's profitable to them or believed bitcoin will cross in the time frame they're speculating on. You'll do yourself more good if you just act on this speculation as bullish news and keep doing what you're doing with your own strategy, don't act on these speculation as fact or you'll end up making wrong decision.

With the speculation that bitcoin was to be trading above $1million by the end of the year, without much thought you should have known that's just impossible to within that's short timeframe. But don't throwaway the fact that bitcoin would be trading in that price someday.

I don't rely on others speculation to trade but I put them in mind since the community usually react to such prediction. Like currently it's been predicted we'll end the year above $20k and you can see the market constantly attempting to break that price.