Topic: Do you use any bitcoin forecast? (Read 155 times)
I predict with the sentiment of the entire cryptocurrency market that if everyone is fantasizing about getting rich, then I think it's a good time to sell.
I do not just count on my own estimates, because as we know bitcoin can not be guessed by anyone
volatile price fluctuations, making me dizzy if I have to think about it, which I'm up to here is luck
volatile price fluctuations, making me dizzy if I have to think about it, which I'm up to here is luck
Sometimes I check out Trading.com but and see some analyses about the market but I think there are no reliable bitcoin forecasts, two things that influence price are: supply - which is controlled and predictable and emand - which is not controlled and unpredictable
Hey guys, do you use any bitcoin forecast to do your trades? If you do, and they are accurate, share them. 
Haha, you could get all sorts of links and recommendations out of this thread. None of them will be accurate...I guarantee you. At best they're right 50% of the time.
There are no reliable bitcoin forecasts because bitcoin is a currency or commodity and the only metrcis that influence price are:
- Supply - which is controlled and predictable
- Demand - which is not controlled and unpredictable
A lot of things can influence demand. And it's generally a balance between negative news and positive news. A government threatens ban, an exchange gets hacked, fees go through the roof, etc...that's all bad for demand and will push the price down. News in the opposite direction will have the opposite consequence.
Most forecasts are just educated guesses or in the more common cases just wishing hopeful predictions.
One thing though, uncertainty aside, the market does have so much more room to grow.
One thing though, uncertainty aside, the market does have so much more room to grow.
i check out TradingView.com from time to time to see what the analyzers are saying about the market but i never put too much thought into any of them because most of all analysis doesn't work in general and it works even less for bitcoin and secondly because many who make an analysis are too "imaginative" about the future. so i prefer to use them as a guideline to get a feeling about how most people think about the market's future.
Nope. I just rely on myself. I just analyze what is happening on the bitcoin price if it is going up and down
no, and i say it is not such a good idea to follow "forecasts" about bitcoin. because the biggest issue that you will face is that all of them are biases. there are those who want bitcoin to go up (eg McAfee) who will hype it up as much as they can and will always say it will go up. or there are those who want bitcoin to go down so they can short or buy the dip (eg Jaime Dimon) so they will call bitcoin bubble and constantly talk about how it will crash.
it is not bad to read speculation from others but in the end it should be you who comes to a conclusion and you should make your own speculation.
it is not bad to read speculation from others but in the end it should be you who comes to a conclusion and you should make your own speculation.
I think bitcoin and a number of other digital currencies will one day replace the position of paper money as a medium of exchange. The reason, this currency can fix problems that exist in paper currency, and indeed in history, the same thing always happens in the new currency that replaces the old currency.
For example, gold replaces barter systems as a means of transactions, and paper money replaces gold. Now in my opinion, bitcoin and a number of other digital currencies will replace paper money as a means of transaction.
For example, gold replaces barter systems as a means of transactions, and paper money replaces gold. Now in my opinion, bitcoin and a number of other digital currencies will replace paper money as a means of transaction.
I just rely on my own observations, targeting coins that are potentially .. and another one
I rely on my instinct alone, because trading this crypto currency I think almost like gambling game .. luck factor also in the calculation
because I can not predict the future, believe in yourself as I do
yes, I agree with you, that the world of trading relies on observation and analysis, instinct of the heart as well. but I do not agree, if trading is equated with gambling. because gambling has a bet that is not obvious advantages and can not be predicted at all. while the rading can we anaisa of some information we get. I rely on my instinct alone, because trading this crypto currency I think almost like gambling game .. luck factor also in the calculation
because I can not predict the future, believe in yourself as I do
I just rely on my own observations, targeting coins that are potentially .. and another one
I rely on my instinct alone, because trading this crypto currency I think almost like gambling game .. luck factor also in the calculation
because I can not predict the future, believe in yourself as I do
I rely on my instinct alone, because trading this crypto currency I think almost like gambling game .. luck factor also in the calculation
because I can not predict the future, believe in yourself as I do
Hey guys, do you use any bitcoin forecast to do your trades? If you do, and they are accurate, share them.
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