How do you estimate the value increase of bitcoin?

Oasisman

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Quote from: raven7886 on March 12, 2017, 10:41:16 AM

Quote from: Zadicar on March 10, 2017, 12:04:12 PM

Quote from: CraigWrightBTC on March 03, 2017, 12:06:06 AM

I use analysis technical and fundamental for estimate the value increasing of bitcoin,
for short term estimate I use analysis technical usually be used on trading bitcoin.
I use analysis fundamental for estimate the value of bitcoin long time prediction,
sometime the estimate was work and sometime doesn't work.

Technical and fundamental analysis doesn't work anytime and that the thing we do really encounter o n trading up bitcoin because we won't know on when and where it would go,theres no indication and it's too volatile that's why we should be a keen observer kind of trader.

Estimating the value increase of the bitcoin is are really hard thing to do, and requires to be an experienced trader and a lot of researches on the market and the thing that influence it, and even then, you still can’t predict the exact price where the bitcoin is heading to, so the best thing to do is to watch the market and hope for the best.

I think the price of the bitcoin is related to the usage and user numbers. The more users, the higher the price.

raven7886

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Quote from: Zadicar on March 10, 2017, 12:04:12 PM

Quote from: CraigWrightBTC on March 03, 2017, 12:06:06 AM

I use analysis technical and fundamental for estimate the value increasing of bitcoin,
for short term estimate I use analysis technical usually be used on trading bitcoin.
I use analysis fundamental for estimate the value of bitcoin long time prediction,
sometime the estimate was work and sometime doesn't work.

Technical and fundamental analysis doesn't work anytime and that the thing we do really encounter o n trading up bitcoin because we won't know on when and where it would go,theres no indication and it's too volatile that's why we should be a keen observer kind of trader.

Estimating the value increase of the bitcoin is are really hard thing to do, and requires to be an experienced trader and a lot of researches on the market and the thing that influence it, and even then, you still can’t predict the exact price where the bitcoin is heading to, so the best thing to do is to watch the market and hope for the best.

Zadicar

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Quote from: CraigWrightBTC on March 03, 2017, 12:06:06 AM

I use analysis technical and fundamental for estimate the value increasing of bitcoin,
for short term estimate I use analysis technical usually be used on trading bitcoin.
I use analysis fundamental for estimate the value of bitcoin long time prediction,
sometime the estimate was work and sometime doesn't work.

Technical and fundamental analysis doesn't work anytime and that the thing we do really encounter o n trading up bitcoin because we won't know on when and where it would go,theres no indication and it's too volatile that's why we should be a keen observer kind of trader.

Kevin77

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Quote from: upsidedown75 on March 05, 2017, 08:11:28 AM

Quote from: AngelSky on March 03, 2017, 02:36:55 PM

Bitcoin is always a anonumuos figure. We do not able to speculate the exact value

You never need to estimate the exact value of bitcoin's future prices. Just predicting how much increase, we can expect is more than enough to make use of bitcoin prices for our trading.

Not just bitcoin, if you look into gold prices or any stocks all of them are highly anonymous to predict future prices. That is the reason we do call trading is a highly challenging job still you can control it with our technical analyzing capabilities.

Yes, estimating when will the increase of bitcoin prices is going to happen must be a highly challenging job. We do see many traders are doing this and making profits. The unpredictable nature of trading get resolved when we are strong in our technical analysis.

We need to have better resources to tract world event and its level of effect like how much it will influence bitcoin prices. Then we can almost accurately speculate fluctuations of bitcoin prices.

hurain

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Quote from: iqlimasyadiqa on March 03, 2017, 11:03:03 AM

we can not predict price movements bitcoin appropriately. anyone in this world nothing can be right. everything is only a prediction and analysis. no one really has the exact figures. because bitcoin prices are affected by a variety of things that exist in this world.

in fact it is one of the most difficult job to predict the movement of the price of bitcoin and i think it depend on supply and demand of bitcoin if the demand of bitcoin is increasing the the price of bitcoin wil also increase and if the demand will decrease then the price of bitcoin will also decrease.

btcdiggingmaster

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To me, it is difficult to estimate because bitcoin is not ruined by the single person, there are many people actively trading bitcoin from different parts of the world. In the beginning of the year 2016, the value of bitcoin is nearly 350 to 450$, many people start speculating bitcoin is going dead soon. Today the price has increased to 3X times, it means user community for bitcoin is keep increasing.

With this drastic increase in the price, it is impossible to predict the price of the bitcoin. But according to the previous chart this year is best for bitcoin users because the price of bitcoin will touch 1500$.

Supercrypt

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Quote from: coinplus on March 08, 2017, 01:53:41 AM

Fortunately bitcoin has supply limit along with supply variations for every 3.5 years (halving). So we cannot ignore the supply and demand theory of economics to influence in the determination of bitcoin prices.

We need to analyze one news how it will affect the demand for bitcoin. For example if you take the current hot topic bitcoin ETF, it will increase the demand for bitcoins if it will get up approved. To estimate the value increase of bitcoin, just reading what and when things/events are affecting the demand of bitcoin is more than enough.

Yes if we are able to predict what are the affecting factors which will influence the price movements of bitcoin then we can easily estimate the future value of bitcoins.

Like you have mentioned currently people are speculating bitcoin demand based on bitcoin ETF. They are approximately estimating the future value of bitcoin in and hence buying it. The increasing price of bitcoin is the proof for it.

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Quote from: iram3130 on March 08, 2017, 02:21:19 AM

Quote from: bncbnc on March 05, 2017, 04:13:11 AM

Quote from: machinek20 on March 03, 2017, 08:40:00 AM

Usually to estimate it, I see from the chart and transaction value, it is a bit hard to predict bitcoin value, because it is depend on market supply and demand, so you really need to know the news and trend to estimate the value

to me i am estimating the value of bitcoin with USD and then with my fiat currency. as one USD is equal to 107 PKR so in this respect the price of bitcoin when i convert it in to fiat is above 130000PKR which is really a big value.

That is how a slight variation in Bitcoin rate can change a life of a person from a third world country. That is the major advantage when it comes to earning or trading and making profit with Bitcoin is getting so popular these days..

Exchange rates does not only affect bitcoin users but also anybody who uses exchanges. This is leveraging your money over the price of your asset vs. your own currency. In third world countries, a bitcoin is worth so much and when the prices rise up the impact is truly great on their currency because the prices are based on first world curriencies.

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Quote from: bncbnc on March 05, 2017, 04:13:11 AM

Quote from: machinek20 on March 03, 2017, 08:40:00 AM

Usually to estimate it, I see from the chart and transaction value, it is a bit hard to predict bitcoin value, because it is depend on market supply and demand, so you really need to know the news and trend to estimate the value

to me i am estimating the value of bitcoin with USD and then with my fiat currency. as one USD is equal to 107 PKR so in this respect the price of bitcoin when i convert it in to fiat is above 130000PKR which is really a big value.

That is how a slight variation in Bitcoin rate can change a life of a person from a third world country. That is the major advantage when it comes to earning or trading and making profit with Bitcoin is getting so popular these days..

coinplus

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Quote from: PokerFace3 on March 05, 2017, 04:11:32 AM

Quote from: bitbunnny on February 28, 2017, 10:54:44 AM

Bitcoin price doesn't depend exclusively on the supply and demand. There are also other factors on the market and you can't exclude the situation in China too. So, no matter how easy and logical it seems and looks you have to calculate all available information but still you could go wrong.

If you look into in-depth meaning of any economical event which might be affecting the demand for bitcoin, you can find it will influence supply or demand of bitcoins. So, we cannot say bitcoin prices is not depending on supply and demand.

Not just bitcoin all the commodities are getting their value just because of supply and demand calculations. It is the basics of economics and it will always influence all the commodities including bitcoins.

Fortunately bitcoin has supply limit along with supply variations for every 3.5 years (halving). So we cannot ignore the supply and demand theory of economics to influence in the determination of bitcoin prices.

We need to analyze one news how it will affect the demand for bitcoin. For example if you take the current hot topic bitcoin ETF, it will increase the demand for bitcoins if it will get up approved. To estimate the value increase of bitcoin, just reading what and when things/events are affecting the demand of bitcoin is more than enough.

upsidedown75

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Quote from: AngelSky on March 03, 2017, 02:36:55 PM

Bitcoin is always a anonumuos figure. We do not able to speculate the exact value

You never need to estimate the exact value of bitcoin's future prices. Just predicting how much increase, we can expect is more than enough to make use of bitcoin prices for our trading.

Not just bitcoin, if you look into gold prices or any stocks all of them are highly anonymous to predict future prices. That is the reason we do call trading is a highly challenging job still you can control it with our technical analyzing capabilities.

bncbnc

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Quote from: machinek20 on March 03, 2017, 08:40:00 AM

Usually to estimate it, I see from the chart and transaction value, it is a bit hard to predict bitcoin value, because it is depend on market supply and demand, so you really need to know the news and trend to estimate the value

to me i am estimating the value of bitcoin with USD and then with my fiat currency. as one USD is equal to 107 PKR so in this respect the price of bitcoin when i convert it in to fiat is above 130000PKR which is really a big value.

PokerFace3

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Quote from: bitbunnny on February 28, 2017, 10:54:44 AM

Bitcoin price doesn't depend exclusively on the supply and demand. There are also other factors on the market and you can't exclude the situation in China too. So, no matter how easy and logical it seems and looks you have to calculate all available information but still you could go wrong.

If you look into in-depth meaning of any economical event which might be affecting the demand for bitcoin, you can find it will influence supply or demand of bitcoins. So, we cannot say bitcoin prices is not depending on supply and demand.

Not just bitcoin all the commodities are getting their value just because of supply and demand calculations. It is the basics of economics and it will always influence all the commodities including bitcoins.

AngelSky

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Quote from: iqlimasyadiqa on March 03, 2017, 11:03:03 AM

we can not predict price movements bitcoin appropriately. anyone in this world nothing can be right. everything is only a prediction and analysis. no one really has the exact figures. because bitcoin prices are affected by a variety of things that exist in this world.

Bitcoin is always a anonumuos figure. We do not able to speculate the exact value but still we can say reason of the bump or dump about the value. We can see bitcoin is always increase in the time of the leave days of weekends. Then as adoption is moving in higher rate value is being increase. Almost 14.4% amount of bitcoin adoption happened from 2016- 17. Even figures is increasing continously it almost near to 1300$ now.

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Quote from: iqlimasyadiqa on March 03, 2017, 11:03:03 AM

we can not predict price movements bitcoin appropriately. anyone in this world nothing can be right. everything is only a prediction and analysis. no one really has the exact figures. because bitcoin prices are affected by a variety of things that exist in this world.

You're right about that but a prediction can always have a chance to come true. For example on August or Sept. I saw a bunch of

articles saying that bitcoins price will hit $1000 in 2017. Look where are we right now. Their prediction is accurate and it's not just

a wild guess but it is supported by evidences. Apparently if you are going to predict something the shorter the time period the

better.

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we can not predict price movements bitcoin appropriately. anyone in this world nothing can be right. everything is only a prediction and analysis. no one really has the exact figures. because bitcoin prices are affected by a variety of things that exist in this world.

fullypak

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Quote from: machinek20 on March 03, 2017, 08:40:00 AM

Usually to estimate it, I see from the chart and transaction value, it is a bit hard to predict bitcoin value, because it is depend on market supply and demand, so you really need to know the news and trend to estimate the value

Yes the Bitcoin value depends on market demand and supply. And no one will predict the right exact value of Bitcoin. It requires more market knowledge, and you should be very intelligent to predict the price of Bitcoin. Those who have experience in Bitcoin and Fiat trading they can able to predict the price of Bitcoin. For me I don't have any skills to predict the price, I just google it and know the price of Bitcoin.

machinek20

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Usually to estimate it, I see from the chart and transaction value, it is a bit hard to predict bitcoin value, because it is depend on market supply and demand, so you really need to know the news and trend to estimate the value

CraigWrightBTC

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I use analysis technical and fundamental for estimate the value increasing of bitcoin,
for short term estimate I use analysis technical usually be used on trading bitcoin.
I use analysis fundamental for estimate the value of bitcoin long time prediction,
sometime the estimate was work and sometime doesn't work.

hurain

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Activity: 462

Merit: 250

Quote from: bitbunnny on February 28, 2017, 10:54:44 AM

Quote from: ReLieD on February 28, 2017, 09:15:52 AM

The prices of bitcoin or the increase in the prices of bitcoin are just similar to that how the prices of your country currency increase.
So basically it depends on the growth of the particular currency. The more it develops the more it's prices will increase.
And also you can watch the graph and watch how it has grown over the years.
Like I know why you wanted to ask this question , as you want to buy bitcoins and sell them when the prices rise again.
But mostly you can predict without knowing much. For eg if the prices rise too much ,
Then the people will sell their bitcoins which would lead for the prices to fall.
Then people will buy more bitcoins and then it will increase. This process keeps continuing.

I agree, but partialy, because Bitcoin price doesn't depend exclusively on the supply and demand. There are also other factors on the market and you can't exclude the situation in China too. So, no matter how easy and logical it seems and looks you have to calculate all available information but still you could go wrong.

to me i think the main reason is that of depending on demand and supply if the demand is increasing and the bitcoin minors cannot provide such amount of bitcoin then the demand continue to increase more and more the minor provide sufficient amount of bitcoin in the market.

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