Topic: How much can you predict this sh*t?! Or is it pure gamble? - page 4. (Read 730 times)

Its easy to predict but you have no guarantee that it will happen especially if you are dealing with the shitcoins. The market moves so fast for a busy person so if you don't have enough time to spend on this market, you'd better hold good coins and wait until it reaches your target price. This market is pure of risk and luck most of the time, no one knows if that specific project will boom or not, so this can also be considered as gambling especially the altcoins.

Perhaps, you are answering it already "Nobody knows" and definitely there is no pattern to show us. It all becoming unpredictable and no one could change it. We are here just to make a prediction and the fact that we live that way for so long, we don't need to wonder if we our prediction is wrong because that it is really it was, none have done so well. All predictions are not 100% accurate so bear it.

Supply and Demand works for the good coins but if you’re dealing with the shitcoins, I guess its more of a hype that dictate the price and price manipulation that it makes pump and dump. TA also works with good coins if you know how to use it, but TA is useless with the shitcoins. You have to know first on where to trade or invest.

I believe it is sometimes luck, and sometimes predicting. How? Well if you can read the carts and know what indicators are and how to use them, you can "predict" what will happen, sometimes what you say will happen and that is great, and sometimes it will not happen and something else will happen and you will be unlucky. No chart is a guaranteed to be correct, sometimes unexpected stuff happens, sometimes someone tweets about it .

So we can't guarantee charts, there is a chance as much as it could be right, it could be wrong as well. This means you are "gambling" but at least with a data and not just shooting a dart in the dark type of deal, and if you are lucky those data should happen without any outside impact, and if you are unlucky then something unexpected would happen and that is going to make you wrong. So there is one part (TA) that makes you predicting somethings, but it is also luck as well.

No one knows exactly where the price will go. In the case of a dump, you need to wait for how the price of the coin will behave at the support level. The main thing is not to rush to open an order. In the event of a breakdown of support, you need to open a short. If you see that the price has rebounded, open long.

The pattern that you can compare it with is through looking at the past bull run of 2017. You get the idea how low it could be the market can and reach after the bull run.
And about knowing and getting some idea when the price should go up, there's really no way to find it if there will be an instant rise. But you check the news as it's one of the indicators and to become better, you need to be a good chart reader.

It is simply supply and demand, OP.
Just like what pooya87 said, what particular coin are you pointing at?
Bitcoin is unstable and you should know that.

I rely solely on technical analysis, especially in a hectic and volatile market. So, from my four years of trading experience, I can say that with a greater degree of probability it is possible to predict a maximum of 3-5 candlesticks. This is what I do. I'll take a small profit from the movement and sleep well.

I can tell you that you are true. I tried to do some trading (usually I do holding) and my friend did much better with his feel and hyped coins. I was doing analysis and he did much better over the last month.

Trend is your friend. Just follow this instruction and you will never be lost.

At the moment, cryptocurrency is the trend of the world so that making money with it is simple. Just put your money in a good project as well as well manage your fund well and you will definitely make a great income here. This "trend pattern" has a high correct percentage so don't doubt it

What I know for many people who know when it goes up and down is with analysis techniques and several indicators and with how much news happens this can also lead to a reference where prices can go up and down but what I know they look at the chart and analyze it there. not necessarily accurate.
Actually there is a lot that has to be combined, usually it can happen when one of them doesn't enter, so that's where we have to understand yet in this matter, and well this is actually shitcoin going like gambling no one knows even now only news can bring their direction.

With so many people who lose, I think there are not a few people who consider it a gamble, but if we can see it from a business perspective, then I don't think this is the case. of course everything in trading is an opportunity and we have to make that opportunity to make a profit. but many people are greedy here.

If there is one trader who knows to predict this stuff or the market price movement accurately, it might be that trader is the richest man in the crypto space.  The crypto market price isn't predictable or unpredictable, there's no way to know the future result even though people trying to have strategies on it (FA or FA analysis).  By the way, I'd to tell you that the price will go down if it goes down, there's no infinite Bitcoin always on the high price, and also know that you can't control its movement.

You need more practice in trading and meanwhile knowing that trading is a sort of gambling.

What coin are we talking about here?

If you want to know what causes the price to go up, there are plenty of reasons why it goes like that especially this bull season there's a lot of factors you can think of but it doesn't mean it won't go down. So just like what you said, it could be a 50/50 chance it would go up or down because this is due to some reasons and one of the reason is the movement of the traders plus the news it could affect almost everything.

Altcoins and Bitcoin may move on their own depending on what the news brings and the traders movement. It may look like a gamble but there are plenty of ways to predict where the price would headed.

Well, predictions here at least have some form of basis, though their movement depending on that basis is actually a hit or miss. Basis' can still be gathered and studied, assumptions can be made that has actual backing and reasoning, but the movement of charts would still end up being 50/50 no matter what. It's predictable, yes, with the right basis and factors, but it can also be said to be a complete gamble since the "right" factors and basis is rather unknown to you, not to mention that the market basis is quite vague at times plus, add that to its high volatility.

Plus, if it was that easy to predict the market, everyone would be rich ngl.

Predict or pure gamble? I think it depends on the person who is doing trading. If he is using technical analysis learned from youtube tutorials or from a friend, I think it is more on predicting how the market and price charts will go. But if we say gambling, we do not do analysis or we do not look on price charts when we decide to buy a coin.
Causes of prices? I am not good at this actually but recently I noticed that whales or big time investors makes the price hype like Elon musk. Another is the demand and supply of a coin. Like on our Economics subject, if demands becomes higher than the supply the price rise.

It seems you are having a hard time trading these days.

Yes, it tough to trades when it's choppy. It's difficult to trade with these kinds of price actions, especially sideways, and Bitcon does sideways too.

Trading is a gamble when you enter on a trade without any basis, like only random. Technical analysis is your friend, candle patterns, momentum indicators, moving averages, supports, and resistances, etc. will help you slightly to spot if price go up or down.

I also agree with you that good and bad news have a lot of influence but in some cases it often depends on luck. Even if the market movement is very good predict may not be profitable for a long time, but all in all you have to make a decision on how much risk you are willing to take. all of the above have tried to give you an idea but in the case of trading with the good and bad news indicators are much more important.

the trend could be predicted but the price will not exactly be predicted. it's a pure gamble when suddenly a coin would just rankup without notice. but it's the same situation when a coin is pumping up despite the chart indicating that it can't sustain the price. you could only say it's manipulated but then it's still profitable to not sell if you haven't done it yet.

You forgot to mention what "this" is? Is it bitcoin, some particular altcoin you have in mind, altcoins in general or tokens? They each are different.

Generally speaking you can't predict altcoin movements because their movements are always based on pump and dumps and as manipulations go, a P&D is not predictable ever.

But movements of a particular altcoin or token can be predicted at certain times. For example we all know that tokens that are released are going to be dumped after release as soon as the team holding the majority of it gains access to idiots who are willing to pay money for the vaporware. Or an altcoin that is pumped out of nowhere and has run out of steam is going to get dumped soon.
Same with their pumps, there are certain signs to the shitcoin pumpers. For example they start hyping that shitcoin with some irrelevant news such as its having, release of some new software version, an arbitrary fork, an airdrop... it is also visible on the charts with the increase in volume, obviously increase in price and the buy walls placed by pumpers to artificially push the price up.

If you are looking at bitcoin market it is a different story from above. That is more predictable because the market movements are mostly logical and can be analyzed if you know technical and fundamental analysis. You'll also need some experience to know what makes the market move and what is just there to fool weak hands.
By knowing bitcoin moves you could also predict altcoin moves since they always get dumped no matter what direction bitcoin is going as long as it is going in some direction. In other words 20% rise or 20% fall in bitcoin causes the same dump in altcoins.