Post
Topic
Board Altcoin Discussion
Re: How can prediction results affect the actual market?
by
adzino
on 22/07/2021, 22:50:13 UTC
I've been thinking that now there are many market prediction projects. I'm using X predict market for example.

People will be able to somehow know the market anticipation in advance. Like will the price of btc rise or decrease?

But this information might change participators' choices again, how should we adjust our strategy according to this kind of information?
Pure speculation. It doesn't have much affect on the market because the prediction might happen or might not. We have seen many people saying that the price of bitcoin will go below $25,000 USD. Some even say that the price might go below $10,000 USD within the end of the month. While others are saying that the price might skyrocket above $100,000 at the end of the year. But it doesn't happen. Kinda feels like most predictions are just a tactic to spread FUDs. Don't rely on those information. Just keep yourself updated with current events and then you will get a feeling what might happen to the price next.