How to make a GOOD prediction? - page 2.

CoinFoxs

copper member

Activity: 1815

Merit: 1004

PredX - AI-Powered Prediction Market

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

The good predictor is one who are in touch with market that what is the trend going in market and which currency is at the top, and which current has potential to reach top position in the market. And read opinions of different people and then make your decision.

bitcoinstress

full member

Activity: 228

Merit: 100

Usually I will read the news or find information about bitcoin before i make my own predictions.

KrakAJAX

full member

Activity: 167

Merit: 100

Understanding the cryptocurrency market at a macroeconomic level. Is the money going into Bitcoin right now, or away and into Altcoins? Take into account the fundamentals of the currency and whether its pumping season or not and your halfway there.Technical analysis and fib retracements usually help but can never gaurantee the expected outcome.

Harlot

hero member

Activity: 1806

Merit: 672

Having a good prediction is looking for the obvious first like in Bitcoin or any other cryptocurrency you must know what's dominating and what can hinder their dominance for example in Bitcoin the price can be affected by news about banning it or anything about its legality, the price can be affected in a bad way. Basically anything from economics to news can help you have an accurate prediction.

btcdiggingmaster

hero member

Activity: 644

Merit: 500

Transact Safer / Chase Better

Quote from: Betwrong on May 16, 2017, 01:47:44 AM

Quote from: 28days_ever on May 15, 2017, 08:10:21 AM

Quote from: Betwrong on May 15, 2017, 07:14:04 AM

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

As far as I know there is no scientifically proven formula to make predictions 100% true, but there are a lot of methods to increase the probability of the right prediction. But using those methods you should always remember that no way you are safe from failing with them.

No one can make accurate predictions, even if he has a lot of experience and a lot of experience, this is always a risk.

Yes, but still taking into account the critical factors we can make a more or less accurate prediction. For example, if government of a big country announces its recognition of certain cryptocurrencies we can expect that those cryptocurrencies will rise in value in the nearest future.

Announcements are completely different from prediction because predictions are completely based on the knowledge you have on the cryptos. Sometimes our predictions will go wrong because cryptos price raise are based on the developments made by the company and people who are actively supporting it.

olushakes

sr. member

Activity: 476

Merit: 254

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

If we know the secret to this then everyone will be rich but the issue is that most of the decisions are just based on guesses which is mostly influenced by factors outside the decision maker itself. And the moment the decision is made the next thing is to wait whether it will worth it or a waste of time and resources the moment it does we are happy if it does not, we move on to the next decision and the cycle continues.

Amph

legendary

Activity: 3248

Merit: 1070

i just follow the demand, and if the value stay for a very long time at the same price you know that a pump or an increase is coming, you know that the bottom is touched

but you will never know how high that increase will go, also following the good news help in bitcoin, or any alt, they are a good indicators for an imminent pump the same for bad news and a dump

Monnt

legendary

Activity: 938

Merit: 1002

Quote from: Betwrong on May 16, 2017, 01:47:44 AM

Quote from: 28days_ever on May 15, 2017, 08:10:21 AM

Quote from: Betwrong on May 15, 2017, 07:14:04 AM

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

As far as I know there is no scientifically proven formula to make predictions 100% true, but there are a lot of methods to increase the probability of the right prediction. But using those methods you should always remember that no way you are safe from failing with them.

No one can make accurate predictions, even if he has a lot of experience and a lot of experience, this is always a risk.

Yes, but still taking into account the critical factors we can make a more or less accurate prediction. For example, if government of a big country announces its recognition of certain cryptocurrencies we can expect that those cryptocurrencies will rise in value in the nearest future.

That types of announcements are very rare but most powerful to impact in larger scale. Hence obviously everyone will be taking them into consideration for predicting price movements of crypto currencies. Honestly I'm not believing in to following news for predicting about the future of crypto currencies.

Because I am already comfortable with my technical analysis as it is much easier to do everyday regardless of how extremely markets are trading.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: 28days_ever on May 15, 2017, 08:10:21 AM

Quote from: Betwrong on May 15, 2017, 07:14:04 AM

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

As far as I know there is no scientifically proven formula to make predictions 100% true, but there are a lot of methods to increase the probability of the right prediction. But using those methods you should always remember that no way you are safe from failing with them.

No one can make accurate predictions, even if he has a lot of experience and a lot of experience, this is always a risk.

Yes, but still taking into account the critical factors we can make a more or less accurate prediction. For example, if government of a big country announces its recognition of certain cryptocurrencies we can expect that those cryptocurrencies will rise in value in the nearest future.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: talkbitcoin on May 15, 2017, 10:57:04 PM

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

there isn't really any formula or any easy way to say if (this + that) then (price rise) and if (these + those) then (price drop).
but there are many things to consider.

i like starting with some technical analysis, i am still learning it but it can tell you that it is helpful to know it than not know it.

then in this market usually we should follow the news. specially in altcoins. they only move with hype aka news about them. the news doesn't have to even be true. for example we saw recently that ethereum got pumped for another time with a fake news about etf!

I've never found a technical analysis to be very effective with Bitcoin unless it is based on watching macro trends and not anything shorter, with next to no influencing factors from the outside.

News seems to have way too big of a role within cryptos and any new article can throw the price into the green or red at the drop of a hat, and that's something that I just really don't like. The market volatility is fine, but the influence news has (with or without evidence) is just something I don't appreciate in the slightest.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

there isn't really any formula or any easy way to say if (this + that) then (price rise) and if (these + those) then (price drop).
but there are many things to consider.

i like starting with some technical analysis, i am still learning it but it can tell you that it is helpful to know it than not know it.

then in this market usually we should follow the news. specially in altcoins. they only move with hype aka news about them. the news doesn't have to even be true. for example we saw recently that ethereum got pumped for another time with a fake news about etf!

Qartersa

hero member

Activity: 868

Merit: 535

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

Good day!

Making a good prediction is tantamount to making a good inference out of something that has long been conceptualized through gathering of data whilst relating it to current events. As a matter of data analysis, you have to study on why there were sudden increase or decrease in value and relate it to the factors that cause such on Bitcoins. On the other hand, as a matter of dealing with the present times, you have to study on why Bitcoin's value spikes up or devalues further. In doing all these studies, you have to learn to plot any changes and as well as its corresponding dates. By then, you will have an accurate data to use to predict future success rates. Comparison and contrast is key.

Xester

hero member

Activity: 994

Merit: 544

The best prediction is always not existing and not present. All prediction are just based on opinions and is far from the truth but since there are only two predictions just like there are two side of the coins yo just need to choose based on your belief. For the group who believe that bitcoin will have a meltdown they placed these facts:

1. Blocksize problem
2. Existence of ransomware
3. Hackers and scammer
4. Higher fees
5. Slow confirmation
6. Rapid volatility and bubble

But the group that predicts that bitcoin will soar up high and will be stronger than ever and has a skyrocket value has this views:

1. Increased number of users
2. Increased demand which turns to increased in value
3. Adoption of countries such as Japan and Australia
4. They love bitcoins.

iluvpie60

hero member

Activity: 700

Merit: 500

Making a good prediction is not guessing at something, it is establishing all possibilities and assigning them a value based on data.

Example.

Starting a small business. Data exists that 80%+ of small businesses fail within the first year. A good prediction to make is that your business will fail within the first year, the super majority do so you should assume you will. Now that you know that, you can research why businesses fail so much and try to do better.

nellz

full member

Activity: 140

Merit: 100

THe first is that we need to monitor the market and read the news about coins we need to find out. I usually look for information from forums and sites about altcoin, then the twitter, twitter of the altcoin where there is quite a lot of information. Sometimes the market will have the pump, we can not rely too much on information, we need to follow the trend of the market. And some luck too..

LegendOF45

sr. member

Activity: 518

Merit: 250

We must be aware that there is not a thing that can guarantee to always profit, though we learn all the techniques, but I'm sure it will not guarantee a 100% always profit, the best way is to often monitors so that when get the profit.

grermezter

sr. member

Activity: 434

Merit: 250

To make a great prediction about bitcointalk.org, one must know the factors that can make the crypto currency go either up or down. When you know such things you can easily predict what's going to happen.

makolz26

sr. member

Activity: 714

Merit: 254

Quote from: Teraboy on May 15, 2017, 08:45:34 AM

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

Just always try to keep your eyes on the latest update from the bitcoin news. I can say it will give you a clue about what will being the trend for the bitcoin market. I don't need forula or anything. But just try to learn more about where the trend will go.

Reading news and keeping updated in online blogs, exchanges and watching the prediction of the experts is a big help for us to make a good prediction. Sometimes, it is really a matter of trust with our conviction but of course with the help of experts, I just trust them and rely on them 80%, and so far I don't feel any regrets as of today.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

No one is good at predicting or guessing, what will happen to his fore. including me,
But before I predict anything it's good I do the analysis first, by reading the news online every day, which makes me always update the news, much better than we predict it ourselves, which will end with a mistake.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: PremiumCodeX on May 07, 2017, 04:14:50 AM

Could it BTC or any other crypto, how do you make a good prediction?

What information do you collect, from where and -if there is any- what scientifically proven formula do you use?

I also would be interested in your success rates. Success is, when your prediction comes true.

Just always try to keep your eyes on the latest update from the bitcoin news. I can say it will give you a clue about what will being the trend for the bitcoin market. I don't need forula or anything. But just try to learn more about where the trend will go.

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