Why analysts are so wrong sometimes?

[Atique 512]

Bitcoin is such kinds of coin which price is increasing and decreasing also. In February 2020 the price of bitcoin reached 10,000$.  It was really a great news for us. We hope the price will cross 20,000$ one day. Just wait for it.

[Ovis25 135]

It doesn't have to be analyst who are wrong the basic truth is that the movement bo coin sometimes are being triggered due to people forcing to a particular direction with large fund.

[Abo3laa 813]

You don't have to take the analysts ' expectations formally, they're just projections based on their reading of market movement, but when there's a big move, the market can change completely, and that's out of everyone's hands.

[Tilku 420 0]

Its because btc is very unpredictable and you cannot control the emotion of every investors who buy and sell from the market.

Its an a analysis its probability so they will get wrong they are based on the current price and its not always true 

 

[Balimovic 7]

Most of analyst don't even know what the cryptocurrency world entails definitely they will make mistake

[Imaankhan 208]

On 10/18/2019 at 12:26 PM, Nimrata7 said:

BTC market is moving very fast to downwards and may be the predictions you show become true. Currently market is in-stable and trading will cause loss.

Yes i agree with you but we should have patience and wait till the prices go back up which will definitely going to happen as this is how trading works.5

[Vivek1997 437]

Look analyst just predict about something about which they are expert. They tried about future of something according to present situation of that thing. But bitcoins are such variable coins that can't stay stable and changes rapidly day after day. So any prediction about bitcoin can't be that accurate as it delivered, but it happens sometimes when everything goes according to planned. So you cant blame somebody for this.

[Amir YT 202]

On 10/17/2019 at 11:18 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?

In the crypto no one can exactly predict about bitcoin price. But sometime experts prediction gone almost right. In 2019 we saw many crash on the market. But from the beggining of 2020 year we saw a healthy rise up on crypto price.

[bentayebsalah 2280]

Analysts are mistaken sometimes because a sudden change occurs in the market that makes this analysis become incorrect because of the occurrence of unexpected movements by analysts.

[Irungu 4299]

Yes thats very true, most  analyst are usually wrong in that they dont  understand what sometimes they put out there, there is too much ways to which one is able to understand them ,the can make even crazy  contributions just to drive the price of a crypto, but sometimes they get it right

[Ionescu 115]

On 1/30/2020 at 10:30 PM, Crypto555 said:

Analysts are so wrong sometimes because bitcoin market is so unprecitable sometimes. You never know for sure what's going to happen with it and how are people going to react to certain moves. 

There will always be some analysts that are wrong and others that are correct. That's because it's impossible for everyone to be correct and some people have to lose 

[Tehniyat 8]

Digital currency being unpredictable analysts made wrong comments since analysts provides their opinion based on their studies. 

[Dawood shk 18]

The crypto costs can be influenced by an occasion whenever, this could make the examinations of examiner to not be right. Furthermore, the best expert somebody could have is oneself.

[Razan alikac 1899]

Because it is only human predictions, it can be hit, and it can be mistaken, and there are many factors that play a role in the direction of the market, its decline and rise

[Kantaro17 29]

There is nothing in the world that can accurately predict what will happen in the world of cryptocurrencies. All are bets and you can only bet on what is most likely to happen but you may be wrong.

[Captain Karim 0]

I think that every analyst has his or her own expectations that are right and wrong, but we must have our own expectations as well and try to study all market expectations in order to get any profit.

[Badhon420 126]

Case study not to mention test part through cryptocurrencies is vulnerable not to mention there can be certainly no certainties, basically sentiments.
Cryptocurrencies need for the reason that he or she's a significant trait, going through, of which shouldn't be quantified concerning music charts.

[amara123123 76]

Some time the price of bitcoin is so much volatile therefore most of prediction of btc price is not right but some time it's prices smoothly ups and downs according to technical analysis of that coin. 

[Cybertron 26]

You don't partake of to be permanently depending on other folks analysis. effort to be one of them. sample to look at the advertise and allot your identifiable analysis. so therefore you will achieve the difference. several of nearby prediction is for ever and a day wrong. I don't grasp why they will hold predicting again.
 

[Jinorkhan 10]

In my opinion, working on these websites without properly analyzing. I think it makes their biggest mistakes and they particularly make special mistakes in analysis of these websites. Sometimes there are some things that go wrong with analysts.

[Denan 0]

Analysis is often made based only on prices that have already occurred. While the price of crypto is more determined by each of the coin holders. and one more good news is positive or negative. it can be that after an analysis of prices will rise made, bad news appears. automatic price conditions will be the opposite of the analysis

[Sohel Rana 406]

On 10/17/2019 at 11:18 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?

Technical analyses not working some time when working fundamental news. Bitcoin and crypto market depends an technical and fundamental news. We saw when positive and negative news spread in crypto market then bitcoin and crypto market huge pump and dump.                  

[cryptousd20 141]

Analysts are only human beings that can be mistaken in analyzing a particular currency and all traders are mistaken in their analysis because the expectation for cryptocurrencies is a percentage ranging from 75% to 85% that the analysis succeed and this is contained in trading

[Ionescu 115]

You should be aware of this so called analysts that you see on the internet because most of them are just newbies that try to make themselves popular and earn some money and thats why their predictions are wrong. 

[Abiaan 1209]

predictions are just predictions cant always be right all the time and we cant ignore the fact that even the greatest experts cant predict the value of cryptocurrency