Topic: How much can you predict this sh*t?! Or is it pure gamble? - page 5. (Read 730 times)
The problem here is you actually trying to predict price movements. If someone could with good accuracy, then gawd damn he/she must be one of the richest people now. Traders just use charts to check out the odds of prices going up/down(by really tight percentages), but not necessarily predict them.
From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?
What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?
The thing with patterns is that even if they exist sooner or later someone is going to figure out the existence of such pattern and will begin to take advantage of it, and when enough people do this then the profitability of such system goes down to the point it does not work anymore.What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?
This is what makes the markets so difficult, you cannot just create a strategy and think that strategy is going to work forever, this means that becoming a trader is a process and not a goal and studying the markets is something that you will need to keep doing for the rest of your trading days if you want to obtain profits, newbies never get this which is why even if they enjoy some early success they end up eventually losing it all when their strategy does not work anymore.
Depends entirely on what coin we are discussing here. It is pretty clear that everything has reason to go down and up! Most of the crypto is driven by public investments and institutional news around us. Let us say on one fine day MtGox publishes they are going to bu 250 more bitcoins, then boom, the market goes crazy high and people start doing FOMO investments so that they dont loose the good entry point. On the other hand it could be reverse news of this from an institutional book maker.
We have seen prices going down from China blackout, to bans in Indian market to Alon Crypto city scams. This is just non ending thing and you do have to keep an eye on everything.
In fact crypto market is very volatile. One tweet can change the realm of coin's universe.
We have seen prices going down from China blackout, to bans in Indian market to Alon Crypto city scams. This is just non ending thing and you do have to keep an eye on everything.
In fact crypto market is very volatile. One tweet can change the realm of coin's universe.
What causes prices to go up? What causes them to go down?
Basically, market forces of demand and supply; the more the demand against supply the higher the value and the more the supply against demand the lower the value. There are lots of other factors which affects demand and supply, such as news updates (positive or negative), market sentiment etc.When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?
In the short term it is much more difficult to predict, especially if you have to use technical analysis, but using fundamental analysis, one can have a rough idea of the (expected) value of a coin and know when it's underpriced which would indicate a price rebound in the future.
Technical analysis based on lot of indicators may give an idea about the future price movements but there is no one can predict it accurately if they did it then they are just lucky though. Trading is purely speculation so its not completely a gamble but kind of thing so you need luck and skills to be successful here.
Also, make use of the news sources and whale indicators.
Also, make use of the news sources and whale indicators.
From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?
What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?
What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?
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