Topic: How to predict Bit coin price. - page 5. (Read 3477 times)

Just do your own research, try to learn how to read Bitcoin trading chart, that way you can at least have a hint on when is the right time to enter and exit.  Aside from that, be vigilant about Bitcoin news and updates and learn how read the Bitcoin market emotions.  From that you have a bigger chance to gain profit from your trading.

There might be no trick to predicting the price but there is to buying/selling.

If it is quiet and not much is happening buy.
If your grandma and coworkers talk bitcoin every day for a week GTFO! Or wait for the first dump and dump too...

 

Quick answer: Anyone can predict but no one knows if those will happen. Speculations after all.

Don't rely on those especially that you are new to this crypto thing.


Yes, there is a "hint". However, since no one knows what will happen later on, those hints will act as your reference whether to buy or to sell. Not an assurance that it will be successful but at least you are not doing random buys or sell at any price. If you encounter somewhere the term "Technical Analysis", that will lead you into knowing those hints.

This will be a long road for you. Don't try to buy or sell crypto if you don't know what you are doing. Learn the basics. Have a self-study while reading responses here since it's kind of spoonfeed if someone will teach and guide you personally along the way. There are lots of useful resources available throughout the web now. Don't rush and be serious if you really want to learn.

If me i can't do technical analysis. 1 thing that i can do is predict bitcoin price from news that almost come, usually something like adoption or maybe if bitcoin will be sell by company or maybe something like it. Maybe if we can do technical analysis will be good. But until now i can't learn about it that is why i pick 1 best strategy to trading bitcoin. By follow any news that come.

There are some ways you can understand what the public opinion of bitcoins trends are and you can make some assumptions from that yourself? I mean bitcoin doesn't have some government branch that takes care of it so it can do whatever it wants depending on what people think and what people think will be what the price will be.

If people think price will go down they will sell which will result with price going down, its simple mathematics. That is why if you know what general public thinks you can almost always get right (except some unexpected situations) that is why I think reading the public is more important than reading the charts. Go around the forums and social media and everything and see how much attention bitcoin is getting, depending on the results you can actually make up your own mind.

We're already at a stage where in some cases the actual event no longer forms the dumping day.

People are front running the news by selling way ahead, which leaves the rest of the market wondering why the price is going down so much beforehand. The same we have seen with Litecoin in the runup to the halving, where a lot of people just couldn't fathom how their perfect buy the rumor sell the news tactic made them lose money. The same could happen with Bitcoin with how well prepared people are for it.

What markets in general have taught me is that when the majority gets overly bullish/bearish or confident that x event will lead to a massive price move, it's time to think of taking a different approach and go against them.

The only hint as to trade in cryptocurrency is that you buy low and sell high, and if you look at most of the coins that we have in the market, this is the best time to buy them. Altcoin market has drastically dropped to the lowest now and we could say they have bottomed, this bottom is actually the best price for you to buy any altcoin, but when you buy altcoin, you should ensure that the coin you are buying has a real use case.

If you are going for bitcoin investment, know that there is no specific time that you can buy bitcoin other than now, the bitcoin uptrend has started already, and any price you buy now is still a very good one because bitcoin is believed that it would reach at least $15000 by the end of the year, which means you can make some extra $5000 for Christmas.

I think basically you want to do trading but unfortunately there is no trick to predict what the price will be but you can study some strategies it will not be easy specially for starters you might lose your investment so I suggest to start on small amount.

I can confirm on general trading that following news is not often as profitable as it would seem it should be.    However there is an old phrase which usually works to give guidance on this issue, "Sell the news Buy the rumor".
   Often a trend starts before the news and ironically comes to an end with the actual announcement in news rather then rumor.

Experience will help alot to fit all these things together, the advise given is from other peoples perspective and then you have to slot what is told into your own actions and responses some of which will just be the emotional of losing or gaining value.    Having a gain can throw off good judgement and similarly a loss can be the market driving you to act rather then vice versa you are ahead of the wave and more likely to profit.  
   A further complication is there are a variety of styles of trading, some people really do just jump on the band wagon and hope to profit from plain speculation in this way.   So long as you sell before the top this is reasonable but it seems quite risky to me.  Others buy into value and in expectation of reversals in some areas and so on.   News would more relate to fundamentals and even so you need to be ahead in your expertise and judgement before the news is part of market moves.

Not actually we should have to stay for that long in order to know how to speculate Bitcoin price. We can do our speculation right now even we are new into crypto, what we only have to do is to read crypto history and events, there you could find ideas and tried to make our own.
Market prediction is not to be 100% accurate, not that cause prices often to move every minute, we only have a clue but not to the extent that it will make near to what we are predicted to happen.

I think that it was even difficult that two years or three years ago because not many understood bitcoin and how it volatility can be. It was after the 2017 volatility and bull that high and over rated predictions starts coming into bitcoin. I think because people have started believing in it now than before.

Trading on news is unreliable in my experience as things are often blown out of proportion or things are sometimes just completely misreported. You're going to be much better at trading learning and using TA instead of relying heavily or solely on news for your trades IMO, though you might also have some success trading using news.

As for TradingView, the site can be a good resource for learning some basics of trading, but you're going to be much better off finding real resources to understand TA and whatever exchange you plan on trading on rather than just looking at other peoples' analysis- you should be using your own TA as much as possible IMO. You'll never really learn if you're completely relying on somebody else's analysis, though it's you can learn and use some things from other traders.

I second what extasie has to say on trading on news. Never ever base your trade from news coming out from any sources even the big news media ones as your prediction is as good as guessing. For one you don't even know what is the maginitude of the news is yet on how it will afffect the marker or if it will even affect it somehow in the first place. Not even the media sources know where it will gp that is why you will only see news about how they link certain news after the price movement already happened.

you do realize if there is anyone who is able to predict the price consistently he'd be one of the richest people in the world
one can only guestimate and the opinions on where will the price go even for the next week are usually numerous
should start to educate yourself on what tech analysis is ... and then forget whatever you read cause it has exactly 50% chance to be correct
i.e. it is either correct or it is not   
if you really want to spend your precious time reading other "experts" , you can try this site here:
https://www.tradingview.com/
 at least people give reasoning to their predominantly incorrect predictions and throw technical terms around that you could pick up and become the same "expert" in no time

In my opinion, trading on news is a bad method. It basically entails trading emotionally without a plan, without technical targets and risk thresholds.

Like you said, it often doesn't work either. That's because news isn't the driver of price; supply and demand is. In a bear market, good news never causes a reversal to bull market and vice versa.

Studying TA and learning to manage trading risk properly is the best way to beat this market. You need to have some talent and dedication to succeed though.

There were many predictors whose predictions reached nowhere but gained a lot of criticism after Bitcoins reached to its ATL of $3150. With some of the biggest traders included, those who said that Bitcoin will climb at least $50000 in 2018 after the surge during 2017-18 period were proven completely wrong on their decision to being bullish and they were all trolled hard after that. Belief is one thing but being practical needs maturity about the knowledge of anything you are trying to predict on.

You should buy half year ago and spend it 2 years from now.  I predicted price of Bitcoin on how price was in past. Of course I could be totally wrong.

While it's true that you cannot accurately say what BTC price will be tomorrow, you can study the 30min chart,1-day chart, 1-week chart etc, to guess the next direction of BTC so that'll help you decide when it's best to sell BTC high and buy back at a lower price - it's called shorting BTC.

Yiou make your best predictions based on what happened in the past.  Remember that certain patterns are never guaranteed so you should never go all in on any position.  Price movement also tends to correlate with the halvening block reward.

Well that good days are gone now and today none of those TA’s can give accurate price movement instead almost all of the are misleading just to favor their target

The answer is NO

None of us can give you answer ,and all you need to do is research your own and invest your own.dont rely to most of the answer here because none of us will lose money if you fail but only You