How to make a GOOD prediction? - page 4.

Zicadis

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Dump it!!!

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?

A good prediction is as a result of an informed decision, simple as that.

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

there are many credible news site this time around that you can rely on for some valuable market indicators which you could use and i wouldn't call it scientifically proven

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

success rate, well i call it a 50-50 chance there is no guarantee it will come true

bouren

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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 you are diligent article reader, you can predict 30-40% accurately.
If you are stock investor along with above, you can predict 60-70% accurately.
If you love stats and charts and can make fruit out of it, you can predict 70-80% accurately.
For rest 20%, you need to have a time machine atleast to predict rightly because bitcoin prices have no formula but a speculation effect.

Marma Kalari

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Quote from: panju1 on May 07, 2017, 08:03:30 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.

Unlike equities, there is no fundamental analysis that can be done in the crypto space.
The only thing you can do is technical analysis, looking for patterns in the price chart.

How do you really do technical analysis just by looking at the price chart.Is there any place where i can learn those things,what i usually do is,i would keep in contact with a coins specific slack channel and look for their developments and once a positive news is heard i would purchase the coin and wait for the right time to book my profit.

Idrisu

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In trading there is nothing like " Good prediction" because if you want to predict for and assets in my opinion it turned to gambling or religion. But we should not undermined the nature of trading forex and crypto currencies of risk and great both positive and negative rewards. What I do to analysis how a commodity, stock, currencies pairs and altcoins trading is focus on the news and events that move there price and used pin bar for entries and exists.

Gheka

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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.

I think 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. My success rate is not too high but just enough to make a profit, about 60-70% is predicted to be true.

cellard

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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 think about the fundamentals and the technicals and take a guess. I think that some coins will pump depending on the total supply, the current price and past performance, and the fundamentals and possible innovating selling points.

This is why coins like POSW (poswallet) are a great gamble to hold for a couple months, I think those are the type of coins that can easily pump to $1+.

Aikidoka

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I use my common sense to make a good prediction.

panju1

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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.

Unlike equities, there is no fundamental analysis that can be done in the crypto space.
The only thing you can do is technical analysis, looking for patterns in the price chart.

Fortify

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Activity: 2688

Merit: 1192

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.

A "good prediction" could be called "an educated guess". The only way to achieve this is by looking for patterns in related, future indications and historical data. For example, if you know that hedge funds are trying to get bitcoin traded like any other commodity, it means that it will have more mainstream exposure and may have a whole new audience that will push the price up.

PremiumCodeX

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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.

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