Have you ever lost big money due to wrong or false predictions? How to use them correctly?

[Pearls Before Swine 815]

On 12/17/2019 at 6:23 AM, Brushless4500KV said:

How can we tell if a prediction is more reliable than others?

LOL.  Anybody can make a prediction, and nobody knows what's going to happen in the future.  There's *no way* you can tell which prediction is going to be accurate.  No way at all.  So I wouldn't even listen to people who make bitcoin price predictions, not from me, not from investment banks, not from anyone on any forum.  The only thing you can do is to make your own and hope it turns out well for you.

[Oxygen 1004]

On 12/17/2019 at 4:23 PM, Brushless4500KV said:

In order to gain profit from one of the most volatile markets in the world, we need to find a way to predict what will happen in the near future. Most people (including myself) turn to online predictions to know which coins are good for investment and which time is right for buying or selling. When I search the web for price predictions, I face with so many websites and so many expert views about each coin. Some of them even claim they know what will happen the next day. The main problem is the diversity of the prices they claim. This diversity shows that some of them are wrong and some are true. How can we tell if a prediction is more reliable than others? You know what will happen if you trade based on false predictions. The risk of losing is high.

When an expert predicts the price of a coin he always warn to invest our own risk, so he got out from whatever he have done. all the need is study by ourselves to invest in any thing.

[fuer44 1083]

in investment or trading, I have never put in large amounts of money. because my prediction is still often missed. what I do when analyzing is, the lowest price, current, and highest. then compare between total supply and current circulation, then how the volume moves. but all of that turned out to still be wrong, so you can follow my way or not, because there are still more experts here, I'm sure.

[DidaNahrisya 165]

Yeah everyone have experienced with loss. My biggest loss is in BTT and FET, because i though buy a new listing token is a good idea, im almost lost 60% with these coins

[Darkelf11 262]

On 12/17/2019 at 7:23 PM, Brushless4500KV said:

In order to gain profit from one of the most volatile markets in the world, we need to find a way to predict what will happen in the near future. Most people (including myself) turn to online predictions to know which coins are good for investment and which time is right for buying or selling. When I search the web for price predictions, I face with so many websites and so many expert views about each coin. Some of them even claim they know what will happen the next day. The main problem is the diversity of the prices they claim. This diversity shows that some of them are wrong and some are true. How can we tell if a prediction is more reliable than others? You know what will happen if you trade based on false predictions. The risk of losing is high.

I think we all share the same story. I lost some money, but it is not considered as big, but I lost because I was mistaken about my prediction of certain coin. It was my early days on trading, I had so much believe on every coin that I am seeing, thinking all of them has a good potential to rise. My investment was gone.  And I let it. This was a good experience for me to learn something about trading.

[Sid 589]

It's better to do your own prediction in accordance with the analysis technique you are using. You may see the results of other people's predictions as a reference, but don't get hung up with it.😅

[Jesoy 1342]

I never lose money in predicting or predictions because I think it's not to be trusted fully. I mean we should be more careful because many fake, unrealistic sites, or spammers are out there.

[Sumayya 493]

On 1/12/2020 at 11:39 PM, wrayaner said:

I lost but small and not large sums, and this is the principle. The cryptocurrency is subject to increase as well as to decline, and between them is profit and loss.

That is a mistake to be corrected, I had done so too, but I will not follow any signaled again

[Akbor 1042]

23 hours ago, Shahadatbd said:

Yes I were lost my 300$ for a wrong prediction. When we read any prediction them we have to verify the prescription first then we need to invest. But before verifying we shouldn't invest

We also know that the prediction will not be accurate all the time. so we should not trust all prediction as there are many fake prediction sites.

[melikf78 987]

actually ive never lost big amount of money all i lost in prediction was about 20 usd i lost it because of my avarice and another time i lost about 100  dollars for bad trade i bought a token at 0.001 and i sold it at 0.0007 😞

[rajonmia 181]

Not only me I think many people lose their money for trading. I saw many times when Bitcoin price increase then altcoin price definitely going to down. That time who trade altcoin he must be lose money. Like me. This is really bad.

[Aereen 456]

Personally, I have engaged myself into a faucet in telegram that has promised a huge amout of bitcoin, as far as I remember it was 0.001 BTC a day and that you do not have to do anything because it pays per second. But I have figured out that it was all a scam and its started to ask for payments.

[Shahud 1319]

On 12/17/2019 at 4:53 PM, Brushless4500KV said:

In order to gain profit from one of the most volatile markets in the world, we need to find a way to predict what will happen in the near future. Most people (including myself) turn to online predictions to know which coins are good for investment and which time is right for buying or selling. When I search the web for price predictions, I face with so many websites and so many expert views about each coin. Some of them even claim they know what will happen the next day. The main problem is the diversity of the prices they claim. This diversity shows that some of them are wrong and some are true. How can we tell if a prediction is more reliable than others? You know what will happen if you trade based on false predictions. The risk of losing is high.

Til now i didn't loose a  a single penny in the crypto.but here i wanna say that we are not at so much stage that we start predict  price by ourself.predictions can only b done by the experts and that will come real

[TasinHasan 421]

i haven't loss so much money on any sites because i am afraid to investing.

but in crypto market i have lossed daily but little amount and also make profit after few days

[fatima123 320]

I lost my big investment due to greed of profit I invested in some lending platforms about 2000$ in bitconnect lending platforms very successful in the beginning but now shut down. 

[Muskan7816 175]

No, I haven't encountered them yet because I'm new to the forum and I don't understand that much, so I make a lot of money through my friend.

[Amirul Islam 382]

On 12/17/2019 at 5:23 PM, Brushless4500KV said:

In order to gain profit from one of the most volatile markets in the world, we need to find a way to predict what will happen in the near future. Most people (including myself) turn to online predictions to know which coins are good for investment and which time is right for buying or selling. When I search the web for price predictions, I face with so many websites and so many expert views about each coin. Some of them even claim they know what will happen the next day. The main problem is the diversity of the prices they claim. This diversity shows that some of them are wrong and some are true. How can we tell if a prediction is more reliable than others? You know what will happen if you trade based on false predictions. The risk of losing is high.

I didn't lose money for prediction. I didn't make any prediction because I don't have much knowledge about it. But I lose some of my fund invest on a fake site.

[Sapdrx 469]

Yes, I followed this technical analist on youtube who always tended to get things right untill he made some big mistakes. I followed him and bought some extra in a market downtrend. I always copare several analysts today.

[samislam 403]

many times i have lost my money for trading. because of taking wrong decision.more then 500 usd i have lost in trading and nothing i have to invest now. after making those loss it is clear i need knowledge and trying to learn now

[suzuya 945]

As of now I still haven't lose any of my crypto just because of wrong or false prediction, because I really don't believe on someone's prediction beause they can not prove me that it will really happen. Also, it's better that you take a really good care in your crypto because it's money.

[Tasrif Hossain 271]

I think this applies to all people because there are times in the life of all people who suddenly invest in cryptocurrency with different types of core predictions as a result of sudden gains, but later they realize thatIt was his mistake to buy it in this currency or at this price but from that mistake I think he gets the most education and that's why I think
General Chat Chat LoungShe slowly began to understand everything

[khan22 3478]

On 12/17/2019 at 4:23 PM, Brushless4500KV said:

In order to gain profit from one of the most volatile markets in the world, we need to find a way to predict what will happen in the near future. Most people (including myself) turn to online predictions to know which coins are good for investment and which time is right for buying or selling. When I search the web for price predictions, I face with so many websites and so many expert views about each coin. Some of them even claim they know what will happen the next day. The main problem is the diversity of the prices they claim. This diversity shows that some of them are wrong and some are true. How can we tell if a prediction is more reliable than others? You know what will happen if you trade based on false predictions. The risk of losing is high.

I just lost my money at the BTG coin time becasue i buy that coin and safe that for some time and on that time coin price is almost 500$ and after that coin will comes down and now the coin price is almost 4.70$ and i am in loss.

[Tasrif Hossai 18]

I think that by comparing it with the present time, it would appear that I have that knowledge in the present time when I recognize the currency but no part of it was known to meI invested because I was invested and at the present time I corrected all those mistakes, which is why I now catch about 95 percent of the cases
 

[BitMart 326]

I lost very big amount in this as I was invited by few friends for trade and we develop few things for this all as we started this was good but suddenly without any serious problem we have wired things and lost many good trades and some good amount of funds which we never able to recover because this was big and its just becuase of few poor decions from us.

[cryptousd20 141]

Yes, I previously had $ 100 in my startup in trading that I was following expectations in one of the sites that were giving daily forecasts for currencies and I made good first money, but one of the deals was wrong. The price fell terribly and lost all my money.