Topic: How much can you predict this sh*t?! Or is it pure gamble? - page 3. (Read 730 times)

Others are relying on past and historical performance that's why there's always repetitive speculation whenever the price goes up or down.

To avoid confusion on what to do, don't read other's views but instead, make your own analysis about the current trend.

No one will know for sure when the price will go up and when the price will go down, this is indeed true. Looking at the news and market conditions does not fully guarantee certain price fluctuations either. We will not also know what percentage of profits and losses we will get with certainty either. Therefore, the importance of technical analysis. Talking about technical analysis, of course, cannot be separated from the charts that are used to view and monitor price movements in the market. The use of these charts is very important for monitoring the price movements of various assets in the financial markets. From this chart / graph, it makes it easier for traders to read and find out previous patterns of price movements, then make an analysis of future price movements.

Although our predictions and analysis are not certain to be true, at least we have a price record, past price chart recordings can also be used as a benchmark to compare it with the current price chart. To read price movements in the market we also need to use the right timeframe, and adjust it to the type of trading being carried out, such as if you want to do daily trading, then we can use the medium timeframe, namely D1 and after that look for the highest and lowest prices in that time. that you have taken. If we can read the chart, it will make it easier for us in the future, so that we can predict where the price will move in the future.

Prediction is the easiest way to do, everyone can do this but to ask if we have got the correct prediction? None for sure.
It is a 50/50 and the chances are either to gain profit or lose your money. It is pure gamble right but sadly, many times that we got unlucky.

Anyway, people are happy doing this. And I don't think this gonna be an issue since we are doing this before. That is why I keep my prediction alone, I'd never share coz they can do themselves as well. And besides, there is no right and wrong prediction but all of this are just uncertain.

Indeed, there are no traders who can predict 100% accurately, because there are many things that can make the coins we buy change suddenly.
So no matter how good the analysis we do to predict coin price movements, we won't always be able to make a profit when trading. So it is normal
if we experience losses when trading, most importantly the percentage of losses that we experience is not more than the percentage of our winnings.

it is hard to say that in trading it is not 100% that all of your prediction is accurate but if you know how to analyze and reading candlestick you have high percentage in gaining income.yes you gamble in that coin but it is part of trading, not all the time you are gaining sometimes you lose and it is normal for traders and investors.

You shouldn't do futures trading if you still don't understand it. I think the idea of asking which coin your friend have bought is a good start for new traders.

But as time passes, you'll have your own reference and you're going to learn from your own experience which shall make you rely on your own experience. And those coins that you've bought, they're all good to me.

It would really be a gamble if you were just trying to predict the movement of the prices that it why traders are using indicators and having knowledge on technical analysis as well as being able to understand and get to know the coin very well to help out on doing decision on what is supposed to do on different situation when it comes to trading. You were too lucky if what you were doing on your trading is all out of prediction. There are other ways traders do their thing assessing and dealing with certain coins enabling them to get along the market having successful trades.

Honestly, in trading i'm pure gamble. I have zero experience in analysis and sometimes only ask my friend what coin that he bought or maybe do future trading in which coin. Coins that i bought myself usually only BTC, ETH, or BNB which i will hold for longer time and sell when get a little profit.

Going back on crypto market into those early years then price movement is never been predictable ever since even up to now but the thing i do notice that
wayback technical analysis doesnt really bite or shall we say it not really that effective because price volatility could easily fucked you up
but now based up on observation on where it is somehow following those TA's.Im aint sure on this one but only based on observation and
i might be wrong.

those coins from ICO's which really pain in the ass, a lots of people got scammed since the developers just ride with crypto's popularity back then, we have to realized that in current situation where more institutional investors are involved.

They managed to review and assess the ful potential of this industry, with them working inside this market we can see more and more growth and those who are in the top list gained much better attentions, you've got to take some time to assess and do your good research in order to participate and invest with teams that have a much better views for future success of their projects.

Crypto market now is way different from 2017 to 2018 puma and dump due to many indicators and influential people and companies we're involved now in crypto market. What we can learn from 2018 dump is that there are really altcoins from ICO which are not worth saving as they can do exit scam anytime. We can focus on analysing top altcoins or be active in trading to know which coin have potential for some growth in just a short time and take advantage of that to trade.

Trading is not completely gambling. You can control your outcomes. When gambling, you don't know what the results are going to be. There are no data, nothing that can help you predict what's going to happen next. But in case of trading, you have some control over the outcomes. There are indicators that allows you to know what might happen next. If an event takes place that might negatively affect the crypto market, we know what's going to happen. Again, when an event takes place which favors the crypto market, we also then know what's going to happen, right? And then there are those people that just gets lucky haha (look at doge. Anyone who owned large amount of doge at the beginning of the year is already drowning in profits).

It's a demand and supply market. Most of the BTC and ETH lately are going out of the exchanges compared to how much they are coming in so you can easily say that the demand is the same but supply is getting low. Obviously, the price will increase. If you are talking about short-term pumps and dumps then there is nothing to pin point for these. These happen when someone creates a panic FUD or fake news may be, which is FOMO. Most of the short-term trading is a pure gamble but in the long run, you can see the implementation and the reflection of that on the price.

First, based on my level of knowledge, very low liquidity causes a coin to go up like 50 or over percent when there is a buy and also go down the same percentage or even more when there is a sell, for both scenarios, the percentage the coin goes up or down when there is a buy or sell depend on the amount being traded on those two sides.
It is not even advisable to trade on coins like this cus buying can be easy but selling is always a pain in the butt cus close to zero wants to buy the coin which is the reason for the low liquidity.
But for already established coins, it's is slightly possible to predict when the coin will go up or down if you know how to read chart and do TA which in full is technical analysis and FA which in full is fundamental analysis, I believe with this two skills and the ability to read chart, one can predict what next is going to happen to a coin, whether it's gonna go up or down.

I have been a gambler myself and I have traded cryptocurrencies too and I can say that both are there are some differences in both.
Winning in gambling is purely out of luck unless we play those poker games and similar games where we can use strategies to defeat the opponent.
Trading is similar to gambling when we invest in shitcoins in the hope of higher returns.
Trading is better than gambling when we invest in potential coins and do technical as well as fundamental analysis on it.
I have recently started learning technical analysis and I have gained some profits due to this.
With all the experience I have I can say that trading has a little edge over gambling.

its quite difficult for some people to chart and understand the market direction, to these kinds of people trading will be like a gamble. untill you the knowledge of supply and demand, high and low and the like you will always think trading is a gamble. its usually obvious when its at the bottom for any good trader and at the top.

Impossible if your prediction is correct correctly, if there is someone who can do it many times you should be careful. maybe he's not human. Even if your prediction is so sure with 70% it might not happen in the next few times. Everyone can only analyze what will happen next. Maybe you can learn how to chart a coin price in the market. but it is only learning by prediction, not learning what will happen later. If you can guess 100% certainty with the increase in the price of the coins that you hold maybe I can learn from you.

One of the most important thing about the crypto market is that no one can accurately predict the market all of the time. You should know that even the accuracy  is not 100%. It is possible to predict the market accurately (not with 100% certainty) some of the time, but no one can predict it accurately all of the time.
The only reason it seems as though some of the power to predict the market is because they've come to understand the technical analysis of the market and know to reach formed chart patterns of the market. That is why it seems as though, their predictions come true.
Understand technical analysis and you'd be able to do this as well

That's the definitive answer to that question in my opinion because if prediction is as accurate as we wish it to be then probably we will be fighting each other because our predictions do not match and will not be of interest to everyone so we will actively try to change the future. We should know by now with all the movies about future predictions gone wrong, it will be bad for us.

i agree.. Using indicators can help but not 100% accurate and you still need more time and results before you can predict the movement of the growth rate. Its like a gamble actually i can say that also as it becomes more unpredictable especially when the market start struggling.. But using some indicators or tools sometimes its more easier to win than gambling..  

Ps. Only knowledge and skills is a must when it comes to this situation OP so better to learn some important stuff about trading to prevent risky situation..