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?
First, you will understand that there are no right predictions that are ever made. In fact, you've found it by yourself now but don't become frustrated because that was the reality. As I made my predictions, I simply didn't think I was right as well but I have faith in crypto which makes me think that even if I was wrong, it doesn't mean that I fail. It is just to know that the market is so volatile, any time of the day or an hour it will change its course which makes us not see it. As we are here in the crypto space, better embrace the way it works rather that thinking about putting everything in our hands.
There are right predictions but those predictors are mostly lucky. There is no way they can predict accurately at all times, so the OP shouldn't feel bad. As long as he keeps on predicting and maybe predict a little smarter like include analysis with it, he could also get it correctly. That's right, that we should not take predicting seriously so that it won't gives us a stress. Prediction were in fact invented to entertained us. We can see the volatility of the market by looking at the charts.
Speaking of volatility, it's also the reason on why predicting is so hard. We can't put everything in our hands but we can have a chance if we are like the whales. So right now, the only thing that we can do is to embrace it. It was not a disadvantage anyway but rather an advantage.