Post
Topic
Board Speculation
Re: How do you suggest I handle incorrect price predictions?
by
Kelvinid
on 13/09/2023, 21:43:22 UTC
I find it frustrating when my price prediction for the market fails. I know that it is difficult to predict the market movement due to its uncertainty and also that it is not possible to consistently predict the future accurately but it still hurts when I tell it to my friends and it doesn't turn out so. In January, I had predicted that by the third quarter of the year, bitcoin will hit $35k - $40k. I hide my head in shame because right now it is struggling at $25. Maybe I should stop quarterly prediction and stick with monthly predictions. Also how do you suggest I handle incorrect price predictions? Anybody been here. How do you handle it?
Of course, you will fail because you are predicting long and we know that the market is unpredictable. Nobody has come up with that long market prediction, we all fail to point to the right price and that is the reality so don't make it a reason to be disappointed.

If I were you, stop doing long-term predictions and rather make it a shorter time frame. Maybe that will work but as the other members said, we don't assume that our predictions will be right but doing it in a short time frame will be possibly close to the actual price. Or, you need to enhance the level of you TA.