Why analysts are so wrong sometimes?

[miskyming 1588]

The analysts are not 100% accurate with their prediction.. you should not believe them, the only way to make profit in cryptos is just to hold for long term, just wait the price to increase, but only time can tell when will happen.

[patitaycute 648]

The analysts is the prediction of Bitcoin value by using the market chart of Bitcoin. Somehow today, Bitcoin reach the $8,000 and it is very unpredictable due to its volatility.

[khan22 3478]

Not every time analysts are going to be right because all the markets which run online they also depend on the news and country situations because all the online market will run with this and like now i saw a report that Qatar will ban crypto so it will impact on the crypto market also.

[Great Commander 659]

We must keep in mind that those analysts from its definition is referencing ti statistics and real time information gathered by different groups over time. Predictions are not 100 % accurate. 

Edited January 12, 2020 by Great Commander

[Grease Lightning 169]

Trade analyst is not a fortune teller and them only a human. I never trust these analysts 100%. Because they drive you to follow what they want. Learn to master your instinct.

[Darkelf11 262]

On 10/18/2019 at 1:18 AM, phabulu said:

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

They are just giving their own predictions but it has more sense than other people's predictions. They are gathering the essential data that affects the market and also the current state of the world and how it will correlate to bitcoin. Do not fully rely on them atleast. They are also human like us.

[el-Muhammady 718]

Cryto market is not always stable that is why I insist prediction is not continually proper that is why it lone called prediction. The promote association container be guessed just but it doesn’t nasty that the prediction will certainly happen. It is continuously a one and the same chance.
 

Cryto market is not always stable that is why I insist prediction is not continually proper that is why it lone called prediction. The promote association container be guessed just but it doesn’t nasty that the prediction will certainly happen. It is continuously a one and the same chance.
 

[duncun007 3577]

On 10/17/2019 at 8:18 PM, phabulu said:

It's more than 1 week that the analysts are saying that BTC will reach 7000$, I'm still waiting for it, but the markets look doing the opposite, it reached the 8k and today is almost all green.

https://www.coingecko.com/en

Why analysts are so wrong sometimes?

they are often so wrong because they think the bitcoin market can be analysed by those indicators and forget that crypto is a rogue market that is not governed by rules.

[el-Muhammady 718]

Cryto market is not always stable that is why I insist prediction is not continually proper that is why it lone called prediction. The promote association container be guessed just but it doesn’t nasty that the prediction will certainly happen. It is continuously a one and the same chance.
 

[Yanadia 1517]

Analyzing Botcoin is more difficult than analyzing Forex or other accounting.  Moreover, Bitcoin is classified as a new or young market (10 years). Market risk management in Bitcoin is the basic method for analysis. Most analyzes on Bitcoin have not included this method 100%.  Maybe in my opinion this is the cause of the analysis on Bitcoin still not find the proper analisys

[vynz 540]

Sometimes the analysts are wrong because what they say is speculation and based on observations only so don't think that whatever the analysts say about crypto don't believe easily, also they're humans like us they commit mistakes and they're not perfect.

[NemesisMicro 0]

Obviously analyst cannot predict the upcoming Cryptocurrency market price in the market accurately since their are so many factors in the market that is needed to be considers and also price resistance and sometimes delays in price.

[guatazoo 7150]

Sometimes its manipulation of price and other times is just the fact that crypto price is not predictable.

[Nakamoto 279]

Human is not perfect they can do mistakes sometimes. And the market is in nature unpredictable. Someone could sell a big portion of his asset because there is an emergency, and that could make the market out of prediction.

[silvergain 271]

if you are trading by watching analysis from google research then it might turn your life into serious bad consequences. some analysis could be wrong. for example: john macfee says bitcoin will hit 500K within 2020. so the market behavior does not says bitcoin will hit that level. sometimes you should follow your own strategy

[guatazoo 7150]

4 minutes ago, Rukhsad said:

Because no one know about market.

there is no correct signal can be made.

market run for some good or bad news.

if some good news of crypto then it really pump a lot (also happed in before btc pumped al lot).

So you shouldn't follow any crypto single

Are you telling us that making analysis of bitcoin price predictions is selesll most f the times, so how are we supposed to trade?

[Cryptominded 704]

1 hour ago, Ahmed jabri said:

Analysts make statements after reading and observing every element around them.  But it doesn't mean that whatever they say tirns out to be true. They are not te blamed, since they are no fortune tellers or are from future.

Even fortune tellers cannot accurately predict the market else they would have been among the world richest . Fact is that the market is a reflection of the continual changes in the emotions of the operators- humans. So even a supposedly right prediction can turn around even in a split second. Every market is dynamic and there're many forces at work in it.

[Hatred 1388]

Just now, Ahmad Isah Suleiman said:

Then for Bitcoin price I don't think they were wrong there prediction was accurate and correct. Now it's happening as it rising in market,

Sometimes, they're prediction is wrong. But of course, it is just a prediction that's why most of the time it is wrong. So we can't judge the analyst yet because they only say what they see and they can't accurately predict the future of bitcoin.

[Afrizal rahman 2636]

Analysis is sometimes wrong because Bitcoin is not regulated by anyone and no one knows anytime Bitcoin will increase. Bitcoin is fluctuating and uncertain in its ups and downs.

[Whydoyoucare 1094]

Because analyst rely too much what happen in the past. and they expect that to happen again which is not really will not happen. for me i dont rely on analyst i made my own search.

[andrehol 16294]

Why sometimes? I see that 90% of forecasts do not come true. The world of cryptocurrencies is absolutely unpredictable! Cryptocurrencies have appeared recently, so there are no experienced analysts.

[gigabyteRTX 1583]

Well, it's just an analysis. They know for sure that even their analyzation is not accurate because the crypto currency is a volatile currency wherein you cant never tell what its movement and what will happen. Thats why even a user that has a long experience or in crypto world cant still predict what will happen.

[Ms.o 3322]

Well,sometimes they are wrong because there are some factors that affects the price of crypto even we see the chart is looking good and one of this is "us" it depends on our demands or how we got affected by someone's shill,by the news or our emotions. 

[alexisfuentes 2130]

Because it depends on a prediction based on asset, that it, it depends on factors such as supply and demand, which usually depends on factors as complex as c rumors or as simple as someone starting to buy many bitcoin and its price changes suddenly.

[iloveyobit 6599]

If you mean analysis on bitcoin, it is difficult to analyze because it is affected by the news, but on digital currencies the market is reflected in some times even if you are sure that your analysis is correct.