How Accurate Are Cryptocurrency Price Predictions?

[Sugibengi 390]

Indeed predictions are not always right, there are times when they are wrong but most predictions in my opinion are 70% correct, that's because most predictions use technical analysis and also fundamental analysis. I think the 70% presentation is quite good when compared to other methods, the prediction method most widely used by crypto traders.

[Izeal 4404]

I don't think the price predictions sites of the cryptocurrency are accurate. Some price target may reach but they will only during luck other time they will fail to reach that price. Be independent to distinguish whether to invest or not.

[Guru2050 8284]

19 hours ago, JohanDonne said:

I Never tried to predict any coin yet but I am holding dogecoin in hope if it to beat 1$ one day and I will earn good profit from it than, I am currently holding about 10,000 dogecoin in my different wallets.

That's good amount and you made a nice gesture for holding one of the value altcoins DOGE for a very long time in target of favourable time to make profit out of it. Today dogecoin is traded at $0.002776 at Crypto market and seemingly as time goes on, holding patiently it shall rise to reach the set target. 

[Cryptic 0]

We can't fully predict what will be the price of the bitcoin that's why we always analyze and we depends on the movement of the graph. It is not accurate tho but it is a huge help for you. Also because of the volatility of bitcoin it is make the prediction harder.

[Chief executive officer band 681]

Predicting the value of currencies is a dreadfully hard entity to declare not myself unfeasible I undertake particular rap along with the predictions they make up about it. 

[Gluttony 1775]

I could not say that I have the precise prediction of whether to tell the price range of the coins because I myself actually got bad luck to the corona coin because I thought for sure that the value will kick in for juat a little while it rises up but in just a couple of days the value of the coin dropped to zero which is very frustrating because I actually bought around a couple of thousand of corona coins just because I thought it will be relevabt and also because corona is somewhat an issure worldwide which make me this kind of horrible decision. That is why I kind of only predicting to promising coins and by predicting is by looking through the graph history to know the pattern when it will rise up or drop down.

[el-Muhammady 718]

Predictions are not 100% assurance that the value of that specific coin must reach where it was said to be which is why I don't trust it and i prefer to invest on good coins like ethereum, litecoin and bitcoin because those are believe to be promising ones and with time they will surely rise and all you need is patience.

[Projectcrypto 4382]

There is no accuracy or guarantee on what professional traders predict about the future price of Cryptocurrencies will happen because price changes within seconds, minutes and hours. In that case i will strictly say you always make your own analysis so that you will have idea in what time you can sell to make profit for your coins.

[Mike1515 2977]

Well they can be accurate, but sometimes they appear exaggerated and so it becomes very difficult to really keep everything working so to me its always good to really be able to have your own price prediction based on the knowledge you have acquired in trading and such.

[bogdanoff 3173]

Price predictions are what many are doing all day and they sometime say things that are not real to happen as one million dollar for bitcoin price which is not going to happen. We have to be real and understand that even 100K for bitcoin will be very high and if we reach this price it can very easy crash back to 10K.

[Aolugojo sama 60]

It is truly difficult to know such things simply like that, in the digital forms of the money market there is not much, the cost can change a lot of times inside 60 minutes, you need a ton of experience

[Irungu 4299]

Not very acurate, and am not so sure predictions are suppose to be accurate but to be truthfull predictions just are there to make sure that you enjoy the work you are doing the right idea you have today is to make a good prediction based on the work that you have done whether technical of fundamental strategy research , but they are not always accurate that am sure.

Prediction are to give you a general thought which can be or not but also to create a certain impression that you can use to make some money but money management and the plan itself must be well organized

[P A Ashif 2409]

Well depends on people that how much accurately they can predict about the market. A good planned man with own survey increases his chance to win trade. At the beginning we dont have any idea about the market rise and fall. Slowly after reading news and observing the market condition and the events taking place in the world.

[Kaytom 31]

in my opinion  not much, you can say some events  will affect  a crypto and it does the opposite  it was supposed  to do, so i will say the accuracy  it's  like 30-40% for experienced  traders.

[Onden 2098]

Predictions can be right or wrong, sometimes the chance of a correct prediction is very likely because based on technical and fundamental analysis, these two analyzes are very important for the accuracy of predictions. Predictions that rely solely on fundamental analysis will not be correct, because some external factors do not affect the price of bitcoin, for example, now many predict that with a virus the price of bitcoin will go down like other finances, in fact this does not happen otherwise the price of bitcoin rises.

[cryptolover45 1187]

Hey mate, predict crypto coin accurately is very difficult, I say it's impossible because no one can control cryptocurrency because it's build in blockchain technology. We can research which coin price will increase or not base of analysis.

[wassim19 645]

Predictions in digital currencies are given according to analyzes and expectations close to reality and by experts in the field, so these expectations always remain that may be correct and may be wrong

[kryptonick 2659]

Some predictions can be accurate especially when you have a certain trend that overtime is showing strenth. One of them is what we have right now. It looks that of course there will be some points when prices will drop as traders will take profit but then it will be faster and higher from what it was. We are entering a good time for Bitcoin and it is time to get real.

[Brandonsaw 1973]

I believe that it is very difficult to predict the future price of a cryptomon since many people only say falsal prices with a good analysis SW Pidra predict the nearby price that will have.

[Goyaa 2414]

No prediction is completely accurate, as prediction is a method used to analyze crypto price movements. Predictions can be wrong or right, don't believe 100% in predictions, predictions are only analytical methods so just believe 50%.

[Jaafar Fahad Hassan 114]

Many people predict the price if cryptocurrency based on the market, but some prediction often happen to be true while some prediction are not true. There are always expert and well experience people that are involved in the cryptocurrency price prediction

[percare 3192]

Predictions can come with two ways. Lately I am reading a lot that traders say if this happen and if that happen. I'm doing my prediction and it is that price will keep rising. I predicted 15k for November when price was 12k and this is something I saw in the chart and supported my claim by putting money where my mouth is.

[Mella 3680]

I am think that prediction is not easy and since we are not known the future we are have to be ready for many things that can happen, but there are signs sometimes when we are read about some things we know they can be good or bad. Also the chart is some times moves as we think and others moves opposite, so we have to make our predictions and not trust others.

[VijithaVarghese 1994]

I think only the past trends can give us an possible assumption of what the prices can fluctuate upto . I think the complete situation is surrounded by the world situation like who knew covid would put a down graph on the world economy.i can tell you it's really unstable .

[Zeshan Khalid 2577]

The volatility of crypto currencies is so much that their price is affected by different small factors on daily basis. So, its almost impossible to tell about the factors affecting it and predicting its price in future.