Post
Topic
Board Speculation
Re: Should we rely on prediction?
by
Ayers
on 12/08/2023, 14:35:40 UTC
As a trader I don't usually rely on prediction since it's just a speculation and you may lose some dime if you have been FOMO. But if you'll check the bull run history of bitcoin I could say that this could be a pattern since it happened already not only twice but every 4 years bitcoin price bull run start so we could say that by the end of the year 2024 or 3rd month of the year 2025 we could see another bull run of bitcoin. the market cap of bitcoin is already huge so do some research what's the pros and cons of holding bitcoin in todays market price.

And what you are saying is also prediction, is there any difference? Even if you rely on historical data, do thousands of research and analysis, in the end you have no guarantee that your conclusion will definitely happen in the future. So no matter what you say about the future it is a prediction, but the difference is a well-founded prediction and a blind prediction. Of course, well-founded predictions are certainly more likely to happen than blind and emotional predictions.

The future is unpredictable, history repeats 3 times but that doesn't mean it will keep repeating itself. So, when we talk about the future, we can't do anything but make predictions.