How Accurate Are Cryptocurrency Price Predictions?

[Yanadia 1517]

Like other markets, there are no guarantees regarding future price predictions in the cryptocurrency market. Those who have tried to predict prices for 2019 give predictions on two different sides. then what do you think ??

[faceless 296]

I would give it 60 of 100, the prediction of crypto id accurate juts sometimes it is affected by these so called whales.

[Migo 7946]

It is really hard to know such things just like that, in the cryptocurrencies market there is nothing sure, the price can change a lot of times within one hour, you need a lot of experience 

[rekter 8129]

5 hours ago, Yanadia said:

Like other markets, there are no guarantees regarding future price predictions in the cryptocurrency market. Those who have tried to predict prices for 2019 give predictions on two different sides. then what do you think ??

Not all price predictions are equally worthy, and they are often based on different fundamentals, catalysts or technical analysis techniques. But as they are so divided, you are better off flipping coin if you haven't found the right prediction.

[Agios 1763]

We always need to remember that no one can predict the price of crypto correctly. In our faculty we are also taught statistical theories and budgets, and how to analyze prices, all just approaching accuracy. I also discussed a lot of bitcoin prices for 2019 in the comments.

[PiroSense 2681]

10 hours ago, Yanadia said:

then what do you think ??

They can never be accurate. Bitcoin price prediction is almost impossible because it is unregulated, volatile currency that is often manipulated by whales in the market.

[TimopheyKa 3900]

To be honest, forecasts are not always accurate, you need to rely on your knowledge and trust your heart. And then everything will be successful, I analyze the statistics, and make my conclusions, they often differ from those that others say

[kyoukage01 3181]

Cryptocurrency price predictions, like many other "logical" predictions, rely on accurate data from all available sources in all aspects. If a prediction fails, oftentimes it is the result of some data that was not considered and/or integrated in the prediction made.

 

Take for instance the Bearwhale Slaying of 2014. Somebody liquidated a huge amount of Bitcoin for less than the current price. Many feared and predicted that Bitcoin prices will fall deep deep down as a result, but instead, not only Bitcoin recovered, it even increased in value. Why? Maybe for that whale, he/she did not anticipate the huge number of buyers that "absorbed" those extra coins, giving Bitcoin a speedy recovery.

[Gusion 321]

We really cannot predict the future and the prices because everything could happen. I am currently basing at the history if bitcoin, where the prices gets pump for the upcoming holiday, hoping for it.

[Brushless4500KV 4214]

Bitcoin predictions are nothing more than some hints or clues about what will happen in the future. Some may come true and some may not. Even if someone's prediction will prove to be right one time, that doesn't mean his/her prediction will always be correct. There are some heavy investors that invest their own money on crypto and they may publish false predictions to change market trends to their own advantage. Therefore, you must always take predictions with a grain of salt. I always read all predictions and try to draw my own conclusion based on them. If there are 20 predictions available and 15 out of 20 will say the price will go up, crypto price will more likely to go up. You can also predict yourself based on latest news and events in crypto world.

[sdsonjoy50 886]

Predictions are not always right, you need to invest in understanding the location and understanding the Predictions, remember that investing all the capital together in crypto is not right, you should invest in sharing your capital, so you will not be hurt if you miss the Prediction.

[Philippe2001 356]

Expectations are not good, especially in the inversion of bitcoin prices must be exploited
The difference between the Bitcoin and the dollar and the movements of other currencies

[Mahi25 142]

Well the facts demonstrate that no one thinks about bitcoin forecasts later on, everybody just conjectures as indicated by their separate encounters. welcoming the crypto world.and We truly can't foresee the future and the costs in light of the fact that everything could occur. I am as of now basing at the history if bitcoin, where the costs gets siphon for the up and coming occasion, seeking after it.

[mrwicked101 67]

Man this is all about how you believe on some things here in cryptocurrency world. All of us have our own prediction according to what happened to our transactions lately, the exchange of a coin to your local currency. Observation is a must, you must predict what you believe. There are just two opposite sides, the negative ones and the positive ones. 

[Herol 19]

Today crypto reductions are still confusing, there is no clarity, especially since PAUS bought crypto with a lot, this has implied or a decline in prices

[CryptoBoy20 170]

It depends who is predicting if he is a great market analyzer then it can be 60% accurate never trust any exchange pump & dump telegram channel predict.  

[Mahi25 142]

It is surely tough to understand such matters just like that, within the cryptocurrencies market there's not anything sure, the charge can exchange a whole lot of instances within one hour, you want plenty of enjoy. And A Bitcoin charge prediction can offer clues on trends and the general feeling of buyers, however it should not impact shopping for or promoting selections on my own

[fuer44 1083]

it is very difficult to predict crypto accurately. all we can do is look at the trend from the graph, usually it will be more effective. when the trend is down in the early weeks, it will usually continue to fall. although in the middle of the week there is a slight increase, it will definitely fall back and vice versa.

[Cryptominded 704]

On 11/28/2019 at 9:45 AM, Shuaib said:

A Bitcoin price prediction can provide clues on trends and the general feeling of investors, but it shouldn't influence buying or selling decisions alone

I thought you were going to say, the price prediction can provide clues on trends and overall market sentiment, but not any specific price, because the price of Bitcoin and cryptocurrency in general are heavily influenced by fundamentals, so in between the time period of any price prediction, any major event can occur and jolt the price.

[Raven 7817]

It is very difficult to predict the price of crypto currency because it could fall up to the lowest price of it and it can recovered the price of itself before. But i guess these coming months the price of it will increased. That's for me. 

[zhaazure27 524]

On 11/28/2019 at 5:45 AM, Yanadia said:

Like other markets, there are no guarantees regarding future price predictions in the cryptocurrency market. Those who have tried to predict prices for 2019 give predictions on two different sides. then what do you think ??

The price of crypto currencies is indeed very unpredictable, many predictions are missiing in 2019. So for the question of how accurate the crypto currency price prediction is, the answer will certainly be floating. Some predict the price will rise and some predict the price will fall. Still the choice is yours.

[Benjamin 84]

We can't predictvthe pruce of bitcoin its because no one can know what is the coming price in this day, its just a prediction but sometimes the prediction of others is accurate in the result.

[Thekingcallme 1975]

If you want accurate prices, you should follow professional people in the analysis and before you follow them you have to take a look at their previous expectations and whether they are correct
If so, follow them because their expectations will be 90% correct.

[rchres 414]

Price of Cryptocurrency is unpredictable because it's volatile. We didn't know the exact price of value of Cryptocurrency right now but I'm sure Bitcoins will increase the value of Bitcoins next year, there's a lot Investors invest in Bitcoins and other countries legalized bitcoin.

[Crypto123 0]

I have seen dozens of forecasts about prices in this and other forums, and I had a hobby of reviewing old topics that made predictions to see if they were true or not. The result was that most of these predictions were wrong.