How Accurate Are Cryptocurrency Price Predictions?

[Syedbesharat 5423]

On 11/28/2019 at 2:45 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 ??

From 2017 I am always putting down all prediction regarding crypto because predictions are needed full information with facts and figures. Those predictions are all the fake news and  rumors which pumped the BTC and later damage it. Always search the facts and find the source of predictions, you will find some shady website in the end. 

[saradz 2259]

The forecast of the value of cryptocurrencies remains only a prediction, and the fact that their prices always remain in the hands of market indicators, demand and supply ratios for them.

[annayks 2314]

I don't even care a lot about the professional trader predictions. I really got better predictions about Bitcoin and even altcoins in this forum than from any trader in youtube or social media. People in this forum have put all their effort in crypto and are understanding a lot more from some traders that think they know it all by just drawing some lines.

[Zafarwaheed 0]

To be honest this is the very difficult thing to do at this forum of earning. Because we can't predict the price of any digital currencies. For this we have enough experience and knowledge and also skills to deals with it.. because the price changes through every short period. So we have to monitored it very carefully . otherwise it will be quite risky. So before working in this you have all these things

 

[cryptovlek 2597]

I listen to price predictions occasionally and make my mind about them later. There are some prediction models that take into account every prediction made and create a trend that helps to decide the price better. Maybe it can work and it is something I am doing on my own.

[AlfFusco 664]

In the cryptocurrency market, you can never be 100% sure, but if you analyze all the factors that affect a particular coin, you can assume what will happen...

[kizz 3370]

Actually, it is hard to predict a crypto currency price. I can't say its accurate because it is only based on what the crypto value is today. I suggest that do not depend 100 percent to the predictions because yeah it can happen and at the same time it cannot.

[gbfisher 1815]

There is no 100% guarantee of right  price prediction in every market especially crypto world because no one know what will happen in future. Some times price were drastically ups or down of coins like btc in mintues. But for little bit right prediction, analysis of most experienced person is reliable and best. So check the price histroy, leading team, projects, demand, community of any coins or more things it would be helpful for some good consultant in price prediction.

[han4036 307]

The more we know about market movements, the better the percentage of forecasts and the more predictions about the price of Bitcoin and to know this requires great knowledge of market movements and digital currencies and the ability to read market indicators and data wellAnd you can Google it and get it, but having knowledge about this is above all.

[hasaan 289]

At first you have to consider the word "prediction",  the predictions is not accurate as well. Its just imagination of the price, the price he would reach the expectation or not. But the analysis would be reach the destination if your luck is good.

[AlfFusco 664]

15 hours ago, sarahyes said:

@AlfFuscoEven if you analyze the Bitcoin price change following ... because he is the king of cryptocurrencies ... this does not mean that you are necessarily right or your expectation is possible .... Sometimes there is luck ... Experience + luck are the title of success in this world .. .

I agree, but there are a number of aspects, focusing on which you can understand whether BTC will go up or down, this is how many traders earn, but to achieve results, you need to spend a lot of time on analysis and then forecasts will be successful. Although not 100% accurate, but as you said, experience and luck are the key to success)

[ramonn22 731]

In my sincere opinion, dear colleagues of this great forum, I believe that it is very very difficult to predict the price of cryptocurrencies but there are many people with extensive experience in the world of cryptocurrencies where predictions can be a little closer to
Good luck and big winnings for the whole community
A big greeting

[glyk85 166]

The forecast of the value of cryptocurrencies remains only a prediction, and the fact that their prices always remain in the hands of market indicators, demand and supply ratios for them

[khan22 3478]

Almost 60% is the accurate of the crypto currency price predictions becasue in the crypto market there are so many peoples which invest their money in it just for the trading and the crypto trading is easy than the forex market.

[Daddminna 27]

Most often over time by crypto enthusiast they give perfect analysis basically on bull run wave of crypto environment and with this averagely the prediction fall in line with the market price 

[khan22 3478]

Depend on your knowledge becasue in the crypto market so many peoples are trying to make money in it through trading but just 20% peoples will earn in it and the other 80% will loss their money because just the 60% to 70% the analysing is ok but in 30% anything can do the market.

[Dorjoy12 8962]

As all the crypto currency price volatile always so some time our price prediction cant be true...  But those member who is expert in trading then most of their prediction become true as they read all crypto news which can affect on currency price, look past year price, recent price then they do a anylysis..  Also to price prediction you need to Understand market movement..                    

[Maaz sultan 265]

Yes some that the price of bitcoin will goes lower some says that its like a bobble some says that its goes to 100k but no one predict the price accurately as we see that the price of bitcoins cross 18k usd so we don't know that the price tomorrow go higher or lower .

[Mark wood 2970]

Actually it is hard to know the price of different coins but if you have such experience and you are a good trader then you can predict it well because sometimes trader talk about different coins that it will pump in such time and exactly that happened after some time so it depends on experience..

[yonkii 3205]

Anyone makes predictions and some are more accurate than others. It depends who you can trust more that has the best experience, knowledge and trading volumes as well as profits. If you just going to listen to anyone then you will make many mistakes. Also some people have better perception and intelligence from others and understand better what is happening. I try to follow them above others. You can't always be correct and anything more than 50% is a good starting point.

[MalikAdnan 1662]

Actually no one can accurate prediction the currency of crypto. Because its depend upon the situation of market. So, be carefully and keep eyes on the market. 

Finally when you are be able about the price of Crytpo then you can judge it but it is not confirmed.

[Fixfin 2569]

What you want us to answer. We don't have an accuracy estimate and we don't know which predictions you are talking about. If you ask about McAfee predictions he wasn't accurate at all. If you ask about Novogratz he got in some of them but others not. I don't know of anyone being able to predict the future and we don't have magic crystal ball.

[minisrt_black 1112]

no one can accurately predict the price if it turns out, it will be luck because there are many factors that affect the crypt, so I believe that the accuracy of such forecasts is 50/50 for average traders

[BraveHeart01 1569]

The prediction is not always true if you even see the price is going high in future  but there is still chances of loss and sometimes the news comes from any place and the market goes down.

[scofield64 943]

Cryptocurrency price prediction are not accurate, many scholars give their prediction of price on different basis but most of their prediction goes wrong. So don't depend on price prediction.