How do you know BTC price will go down or up within a day?

tabas

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Quote from: Jerrietg on October 25, 2016, 02:34:34 PM

You can't predict BTC price will go down or up within a day Its price influenced by many factors

And it isn't similar with the stock market，Predict movements is pointless

I don't know if there is someone that has the powers to predict if he knows that the price is going to be up or down for this day. Nobody really knows what is going to happen with the fluctuation of bitcoins price. But we can just predict base on what is happening for the economy of bitcoin as long as we have basis and facts.

Kotone

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Quote from: romero121 on October 20, 2016, 03:13:36 AM

Quote from: Kotone on October 20, 2016, 01:26:56 AM

Quote from: target on July 13, 2016, 12:18:22 AM

Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.

Since the bitcoin is really stable and range the price into $629.9 up and down it just because of traders who really sell and buy there bitcoin from the markerts and if you learn on how to trade bitcoin into altcoins regularly then you can predict what bitcoin really price in the future.

Prediction of bitcoin price is really hard, what you have quoted is the prediction of price increase or decrease in relation to trading strategy. This is one form of prediction but this won't be effective all the time. I believe altcoins doesn't have any impact over bitcoin price, so prediction of price increase and decrease through altcoin price observation too fails most of the time.

It's really hard when prediction of the price of bitcoin but since when we prediction and it's really accurated on what we predict then it's really good right when the price of bitcoin will increase and will never decrease im always looking for positive side and the trading strategy to when USD to BITCOIN and prediction won't take any effect on bitcoin.

iqlimasyadiqa

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Quote from: Jerrietg on October 25, 2016, 02:34:34 PM

You can't predict BTC price will go down or up within a day Its price influenced by many factors

And it isn't similar with the stock market，Predict movements is pointless

bitcoin prices impossible to predict. bitcoin price changes can be very fast. either ascending or descending, everything is very difficult. even within 1 hour bitcoin prices could surge change. the current digital currency does have its drawbacks, namely instability of prices in the market.

outatime1

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You don't need to know this and you really can't know it. For example if you are trading btc/ltc, have some btc and some ltc all the time. If the price of btc goes up relative to ltc, then sell some btc for ltc and vice versa if price of ltc goes up relative to btc. That is a simple explanation, but if you try it you will see what I mean.

Jerrietg

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You can't predict BTC price will go down or up within a day Its price influenced by many factors

And it isn't similar with the stock market，Predict movements is pointless

BitcoinPC

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Quote from: ariesjia on October 25, 2016, 02:13:39 AM

Quote from: BitcoinPC on October 25, 2016, 12:36:14 AM

Well, i think people can guess it about only and nothing else. Actually, we discuss with each other and see the price up and down, than we can predict about the price of bitcoin. Now you can see no one know about the future, but Why we call that bitcoin is a future currency? Because we see the present is very well of Bitcoin.

No one can predict what will be the price in future and whether it will go higher or lower so whatever scenario we come across through we need to take actions accordingly, if price falls better to buy them and sell them when its allowing you to make profits and keep on repeating the cycle in future too.

If no one can't predict than what the reason to buy the bitcoins?
When you realize now the time is coming of bitcoin's price would be grow, than you buy the bitcoin and save it for the price increasing, It's mean you can Guess or you can say that we can predict So that's why you buy it. Otherwise can you tell what the word? we should use it.

xSplit

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You can't.

Do not fall for the trading bait, there is no way you can be sure.

ariesjia

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Quote from: BitcoinPC on October 25, 2016, 12:36:14 AM

Well, i think people can guess it about only and nothing else. Actually, we discuss with each other and see the price up and down, than we can predict about the price of bitcoin. Now you can see no one know about the future, but Why we call that bitcoin is a future currency? Because we see the present is very well of Bitcoin.

No one can predict what will be the price in future and whether it will go higher or lower so whatever scenario we come across through we need to take actions accordingly, if price falls better to buy them and sell them when its allowing you to make profits and keep on repeating the cycle in future too.

BitcoinPC

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Well, i think people can guess it about only and nothing else. Actually, we discuss with each other and see the price up and down, than we can predict about the price of bitcoin. Now you can see no one know about the future, but Why we call that bitcoin is a future currency? Because we see the present is very well of Bitcoin.

sunsilk

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If I just know on when it is going to down within the day then I will going to sell immediately. But since I don't have fortune telling skills.

I will just go with the flow and hope that the price of bitcoin is going to increase for each day.

abayan

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Quote from: Johnyloco on October 22, 2016, 04:59:10 AM

Quote from: serjent05 on October 20, 2016, 12:37:29 PM

Quote from: BlackPanda on October 20, 2016, 09:32:57 AM

many, many ways to observe the price movement bitcoin. it's been a lot of applications that can do that. we can monitor and set bitcoin price movements. This way is very easy and simple. provided the notification feature that can make settings according to your wishes.

I agree seeing price movement thr charts data. But it is not enough to know whether bitcoin will go up or down within a day. You also need to see the buy and sell walls. The daily news about bitcoin should not be ignored too. People tend to act hastly depend on what is in the news for that day.

I agree with you, when you analyze the order books and charts you can get some picture, though knowing what bitcoins price will do in a day is surely very hard to know in 99% of all cases. I personally don't watch the news anymore, because it influences my own behavior too Tongue

Well you cant really predict that exact 100% price of a bitcoin on that time. I agree that when you read the behaviour of that coin or bitcoin you can nearly predict what will happen though it is not 100% that it will happen it just your opinion about it. You can figure out what happen next.

Johnyloco

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Quote from: serjent05 on October 20, 2016, 12:37:29 PM

Quote from: BlackPanda on October 20, 2016, 09:32:57 AM

many, many ways to observe the price movement bitcoin. it's been a lot of applications that can do that. we can monitor and set bitcoin price movements. This way is very easy and simple. provided the notification feature that can make settings according to your wishes.

I agree seeing price movement thr charts data. But it is not enough to know whether bitcoin will go up or down within a day. You also need to see the buy and sell walls. The daily news about bitcoin should not be ignored too. People tend to act hastly depend on what is in the news for that day.

I agree with you, when you analyze the order books and charts you can get some picture, though knowing what bitcoins price will do in a day is surely very hard to know in 99% of all cases. I personally don't watch the news anymore, because it influences my own behavior too Tongue

Searing

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Clueless!

Quote from: target on July 13, 2016, 12:18:22 AM

Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.

Go to your local Barnes and Noble's bookstore...get the self help book "Voodoo for Dummies"

1) A FIVE gallon bucket of Chicken Entrails.

2) AT least ONE Virgin to bless the above Chicken Entrails. (Should not be that hard to find on www.bitcointalk.org just toss a rock in any general direction you should get a dozen perhaps as many as two dozen to attend.

3) The following to do the blessing. Like all things you need to be certified

Again the blessing is for the official BTC FUTURE PRICE DEVICE below.

Then add the obligatory (now blessed) Ouija Board pictured below to make specific decisions and you should be good to go

Enjoy

BitHodler

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You don't. If you're a well experienced day trader, then you can look out for certain patterns where the price is swinging up and down around the same levels all day.

That's one form of day trading, but then still you aren't 100% sure that it will happen once again.

In that regard you can place day trading for a certain percentage in the same category as gambling since you just hope that the price will move in your favor.

audaciousbeing

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I really dont know even though I wish I could so I just keep watch and hope it will change maybe positive or negative that's one similarity both gambling and trading possesses but with news coming in, historical analysis, analytical review, recent development in addition to hearsay, then someone who has been in the world of trading can actually do that and be certain to a level of percentage but definitely not for someone like me.

leowonderful

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You just try to read the market and learn a few basics about price and where it could possibly go. As you can see from many people that predict the price and speculate, it's not guaranteed that you'll gain money at all with trading, and even less that the price will go where you think it'll go. It's a matter of luck for the most part, and how you react to certain situations; for example, learning to cut your losses. BCT is a nice place to learn the basics about trading if you look at the right places, but it's just a matter of time and experience.

iv4n

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What a question! You are trying to predict price movement, that's why trading is like gambling. You read news, watch behavior in history, there is factors that can affect price, look on that. When you finish with all that, you need to guess what will happen next, if you guessed right you made profit, otherwise you lose money, and that is trading for me same like gambling.
You need strategy for trading, and analytic mind to process all informations, remove irrelevant ones and see important ones, but it's hard to find in ocean of informations.

BitcoinMarshal

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Quote from: Universat on October 21, 2016, 03:06:44 PM

i think no one know about the future of bitcoin, and we ust giving importance of some parts of the fiat currency, and hope that bitcoin will give them some good time to invest more and more money in the world.

You are right no one can predict about this its going down or up most of time we can give guess about this after reading some facts and figuring out some research that its working for more and spreading in better way in near future

Universat

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i think no one know about the future of bitcoin, and we ust giving importance of some parts of the fiat currency, and hope that bitcoin will give them some good time to invest more and more money in the world.

richardsNY

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Quote from: newcoins1978 on October 21, 2016, 01:09:52 PM

You can look at the graph the day before the predict the price of the bitcoin, of course that it not a sure thing that something will happen but most of the times you can get it right on that.

Whatever graph you look at, you'll never be able to spot spontaneous ups and downs. The market has proven to be unpredictable and full of surprises already. Never focus too much on TA because of that.

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