Topic: How to predict Bit coin price. - page 4. (Read 3478 times)

the infamous "grandma and coworkers" indicator! 
and a trader can make money regardless of the price , its the HODLers that are affected by a price dump
but in the long run bitcoin is going to be only stronger and ... pricier , so when coworkers start to talk about it might be a good  time to buy it instead   

My advice is that it is very hard to predict the price.
There are many factors that you have to take into consideration before deciding if you will buy or sell.
If you are new to trading it is advisable not to trade huge amounts of money.
Try looking at charts and historical data... It is a way to predict the price... You can find past patterns which may show you what is going to happen next in the price of Bitcoin.

There are many experts about prediction but they aren’t accurate all the time. So, nobody knows the future of bitcoin or any othet crypto. But, We are free to predict so sometimes our prediction falls correct. There are no rules of predicting bitcoin price.

Another thing I want to add is, I have seen many telegram channel where they claim that they can predict bitcoin price accurately but that is absolutely fake.They just want more subscriber to earn. Don't give them chance to fool you.     

The best method people use right now is charts, it doesn't show the unpredictable parts of the story but at least you can know what it suppose to do during the calmed down times. Like for example sometimes bitcoin goes up 10%+ and down 10%+ that means you can't possibly know those times, if you knew those times you would have become super rich and wouldn't be even here on the forum looking for answers.

However for the rest of the small ups and downs you could potential learn to read charts and if you are good at it than you could possibly maybe get to make couple percent profits, not a lot but a bit which would combined make a lot of money, 50 times of making 1% would mean 50% profit in one year, that is quite possible in bitcoin or crypto in general.

Most of the member here could predict it. The real question will be the accuracy.
I doubt someone could really make it that accurate with exact numbers.
Technically they can speak quite well luring you into buying or selling at a price which they just guessed.
Careful with those kind of people. Better make the prediction yourself to avoid regrets.

Even if you buy right now that means you will have a great chance in years. Don't get me wrong bitcoin is not something that goes up in a straight line, people who have bought at 20 thousand dollars are still waiting to make a profit (or they have already sold) However in the long run you will be making money eventually, not gonna be easy and you will have to wait a lot to make that profit but eventually in 5-10 years there is no doubt you will be in profit if you ask me.

It is not gonna be easy and it will take a huge amount of time and there will be times where you will want to cash out and spend it on something else and even maybe emergency but if you can push through all of that then you have yourself a great retirement fund. You can either lose a bit now (or make a bit now) or be super rich when you retire, it is simple answer for me honestly.

if there is someone who can predict the exact price of bitcoin i dont think that he will share it to us.  Maybe you must keep updated  about what happening on crypto news to know what will be effect on bitcoin price.

You should know that in trading, you always need to buy a low price and sell high so you can make the profit.
No one can predict where bitcoin price will moves because bitcoin can move to any rate, so it is difficult to get the right signal.
But although we cannot predict the bitcoin price, we can always get bitcoin when the price is down, and I guess that will not be difficult if we can analyze the moves.
My advice is you don't need to use big money first because it is too risky, especially if you don't know how to get the right price.

im sure that no one here would claim that they can predict the price of bitcoin exactly but its possible to predict if bitcoin will drop or rise  .  you can do it if you will follow big people on social media like on twitter  , those people should be crypto enthusiast because they can provide updates of what they are doing . let say they post one day that they sell huge amount of btc's or if they buy  .  they can also share useful infos on whats happening on other crypto related platforms  .

It seems like you have no knowledge about trading yet, maybe you will have to start knowing what is bitcoin and its volatility.
You will have to start from the basic so you will learn more and then you will start it in practice.

No one would tell you the right away to predict as even old traders are still having a hard time predicting the market.
I hope you will not fall on those people who promise they will give a premium call for you to follow, the best way is to self educate yourself.

If theres someone who do able to predict prices then anyone would really be rich on Bitcoin trading. 
Predicting is always been a question and been done by traders/investors after all these years and predicting precisely on how
it moves does only exist on dreams.Learn up to trade with this very unpredictable market and losses are inevitable.
Buying low and selling high sounds pretty basic but it isnt that easy to execute.

I agree on the longtime TA if you want to know the trend that the market is going. The trend is the best way to understand or predict price movement. Any indicator that shows you the trend, keep using that indicator.

There is no crystal ball here and definitely we can't see it inside the crystal ball. We are in the volatility and we will just be totally speculating prices every day. If someone could see and tell the exact price that runs every day, it really gains respect and praise but nothing and not that because of Bitcoin price keeps moving and moving we're everyone just only guessing. 

That's the easiest thing you can do, buy now and sell 2 years later, that's the easiest prediction. how to predict? everything you can read is in the market and the latest news about bitcoin. there is a big trader who says that if you want to predict the market correctly, then follow the news to predict, because basically market activity is influenced by news.

Trends can be found in the Observer Wall or in the news that you can read in your exchanges apps like blockfolio. Trading is not that easy if you are doing the scalping because you have to defer with the price movements of the market. And since prediction is just guessing, you might have to follow some trends in the news in order to predict the next move.

This is the world that prediction kills every spectators so better not to look at those instead make your own analysis and researches

And please never try to ask something impossible to happen.

And always remember prediction doesn’t mean truth because Most of the time failure is what this bring to us

It is simple, you go to a fortune teller, you ask her/him about the future of bitcoin and invest accordingly. Joking aside there is no one in the world who would be capable of knowing what the price will be like, I mean I literally am saying NO ONE here because even if someone gets it right couple of times in a row, even if you are a whale who has enough money to rule the market, you will still be wrong some of the time and those people are very rare, they are not common neither.

So, I would suggest not try to predict the future but just look at charts and look at the possibilities, if you check what are the possible outcomes of our current stand for example you will limit most of the stuff, like we all know bitcoin won't be 25k when we wake up tomorrow, so when you eliminated all improbable stuff, only the probable stays.

I have been trading for over a decade and I will tell you right now that there is no system out there that is guaranteed to make you money. At least in the long term. I've seen all these robots that work well for 6 months and then one day they go bust.

The best way to make money is to follow the trend and try to hold your trade for as long as possible. Basically we are trading sideways right now and its hard to tell whether we go up or down. Wait for a break and then go take trades in that direction.

This is similiar to what people do in the stock markets since 2009, they usually long stocks and don't short them since the stock market is in a decade long bull market. Never go against the trend.

I'll update this just to come with a prediction and its very short term.    The basic idea is to check repeats in the price, like the old number sequences you did in maths as a kid in early school.   Guess the next number, the graph basically is a form of that kind of game with of course more irregularity.



So I've been a bit slow to post it but an hour ago I was looking at this and the idea is it can bounce from here.   I dont know by how much but its in line with the history on this very short term 4 hour bar candlestick chart.
   If we look on the chart, the reasoning is both the pattern repetition I mention above, we are on the lower pricing but while declining it can bounce.   Also there is a long term trend within reach below, this can also be a reason for it to react upwards some.   The tricky part is the price might meet the white line below, that daily trend goes back to June so has some weight.   Long term trends will supersede the short term variation.  
  The way I frame a pattern like this is a roadway and a kerb either side, we can meander from each side of the road to the other while also driving forwards and around a corner and downwards in this case.   Right now its reasonable to speculate some upward movement.
   Its a bit tricky, really you have to become accustomed to form an opinion yourself in the moment;  I did capture this chart an hour ago so it can be too late on hesitation to be in position.

Peter Schiff recently said that it's extremely bullish for gold that the average person and cab drivers are talking about it, because they're going to invite their friends and all that. Looking back, the price has gone down 5%.

I also remember that he in 2017 warned people about the bubble that was forming because the average person and cab drivers were talking about it, which according to him was a sign that the bubble was about to burst. The hypocrite.

Overall, the mass in most cases has always been a great indicator of how a market is valued, but the thing is that even when everyone is talking about a specific asset, it can still take many months before we start correcting.