Bitcoin: The Dangers Of Short-Term Price Predictions

Bitcoin: The Dangers Of Short-Term Price Predictions




Many people rely on short-term price predictions of #Bitcoin to navigate the cryptoverse. If history is any indication, most of these short-term price predictions end …

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About the Author: Benjamin Cowen

32 Comments

  1. I agree with you, Ben. People miss out on low bids because they’re convinced they can get a few pips lower entry, then they end up having t buy in at a higher price. Years from now it won’t make a difference if you bought in at 5k or 56k, once the price is then at 100k. Bargain hunters 🤣

  2. Bitcoin is like all other investments. It rises and falls with the stock market. It also depends heavily on Govt spending. As soon as the Fed stops buying bonds, printing money and passing massing spending bills, it’s all going to crash. A tweet could crash the market.

  3. Actually those parabolic curves in previous bull markets make the case for lengthening cycle theory as they get wider each time. Frankly, it shouldn't be called a theory anymore. More like a law.

  4. Yeap I made a mistake of wanting to buy Tesla at 350 last year and was so greedy and stubborn that I didn’t buy it at 370 and I lost the opportunity forever , not making the mistake twice

  5. thats right! bitcoin doesn't care about who you are, the color of your skin, the language you speak. to all you crypto newbies and noobs out there, this is what we call a crypto winter. with a top of around 69000, a 80% drop would give us a target of 13,800. but no the whales and institutions wont let you buy at that price, as bitcoin corrects, start to accumulate, 25000 is a good price to start. remember life changing wealth in crypto happens in bear market, not bull market. see you in 4 years:)

  6. I have trouble understanding the difference between buying at 60K so I don't get left behind waiting for 55K and the term FOMO. Isn't every time I buy called FOMO? If I buy BTC at 30K next bear cycle isn't it FOMO fear of missing out on max returns through the bull cycle? Isn't everything FOMO?

  7. If you are still in doubt about short-term TA… look at channels that do short-term predictions and count how often they are wrong… it is ridiculous… unreliable at best

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