Topic: I found how to predict BTC price, now I'm building a tool for you guys - page 2. (Read 1199 times)
October 06, 2017, 01:37:02 AM
wow, I hope I can learn it too. it is difficult but hope it can help each other.
October 06, 2017, 12:24:00 AM
Hope so you come up With some good tool which actually can make a difference and help all the people to identify how the market may move and accordingly buy and sell thier coins . Will watch this thread once the tool is up can functioning.
October 06, 2017, 12:04:03 AM
OMG. You're an economics student? Bro, if there was a tool that could predict
prices, before long that tool would be useless. Efficient market hypothesis. And
I'm not even a student of econ, finance or business. I'm not only skeptical, I'm
damn sure your thing isn't going to work. Don't mean to be mean, but plenty of
otherwise bright people have been trying to design perpetual motion machines for
centuries too. Just won't work.
prices, before long that tool would be useless. Efficient market hypothesis. And
I'm not even a student of econ, finance or business. I'm not only skeptical, I'm
damn sure your thing isn't going to work. Don't mean to be mean, but plenty of
otherwise bright people have been trying to design perpetual motion machines for
centuries too. Just won't work.
LOL, i second this post. I do not believe that anyone can predict the price of Bitcoin or stocks since there are to many factors. Even the best economist will not able to predict the price 100%.
When i was new to trading I have been to seminars and geniuses that they will bluntly say that they can predict the price and will self proclaim as a guru of trading but often they are just like us sometime they are correct and sometimes they are wrong. If there is a perfect way to predict the price of any trading platform, it would be a time machine.
August 14, 2017, 12:26:20 AM
OMG. You're an economics student? Bro, if there was a tool that could predict
prices, before long that tool would be useless. Efficient market hypothesis. And
I'm not even a student of econ, finance or business. I'm not only skeptical, I'm
damn sure your thing isn't going to work. Don't mean to be mean, but plenty of
otherwise bright people have been trying to design perpetual motion machines for
centuries too. Just won't work.
prices, before long that tool would be useless. Efficient market hypothesis. And
I'm not even a student of econ, finance or business. I'm not only skeptical, I'm
damn sure your thing isn't going to work. Don't mean to be mean, but plenty of
otherwise bright people have been trying to design perpetual motion machines for
centuries too. Just won't work.
August 14, 2017, 12:10:01 AM
ok, i am going to go ahead and save you some wasted time. social media has the least effect on bitcoin price, period.
it is effective, we can not deny it but in the end even if you remove it all the crap on it the price will be the same place as it was with all the stuff on social media.
you see when people talk about it on reddit, twitter, facebook,... it is good and may get some people interested in buying or opposite to make some people to sell. but in total their effect is negated by the big market.
what you see is an opposite thing. meaning when price goes up they start hyping it. and when it drops they start FUDing it. not the other way around.
it is effective, we can not deny it but in the end even if you remove it all the crap on it the price will be the same place as it was with all the stuff on social media.
you see when people talk about it on reddit, twitter, facebook,... it is good and may get some people interested in buying or opposite to make some people to sell. but in total their effect is negated by the big market.
what you see is an opposite thing. meaning when price goes up they start hyping it. and when it drops they start FUDing it. not the other way around.
August 13, 2017, 03:10:08 PM
I don't believe there are tools or method to predict the bitcoin price. You can make some estimations based on history, charts and analysis but this is just a possible direction that price could move but not how it exactly will look like. That is impossible, although many would like to know how the price will be so then there will be no losses anymore for them, just profit.
August 13, 2017, 03:03:17 PM
Many people have tried to forecast the price, but it seems very hard to do, hopefully you can conquer this and actually find a way to predict the price with accurate, good luck friend. 
August 12, 2017, 01:53:48 PM
There is no way to predict the price, so many people have created models and they never work over a long period of time.
August 12, 2017, 01:45:46 PM
In my own opinion, Bitcoin is a very unpredictable animal so anyone who is devising a strategy or method of rightly predicting the movement of its price should prove it in the face of Bitcoin's volatility. I am not blocking innovation but we also demand proofs before we say our nod to anything or anyone. Good luck to OP, anyway and I am hoping he can be able to really deliver according to his promise here.
August 12, 2017, 01:36:40 PM
You should note that trends change as events happen. Pre-scaling Bitcoin period was a bit dull and we did not see major price
shifts, but now Post-scaling we might see a whole different trend, with prices constantly going upwards as adoption increase
and merchant adoption increase. { I think will scaling Bitcoin opened the flood gates for merchant adoption }
shifts, but now Post-scaling we might see a whole different trend, with prices constantly going upwards as adoption increase
and merchant adoption increase. { I think will scaling Bitcoin opened the flood gates for merchant adoption }
August 12, 2017, 01:35:21 PM
Sounds very good idea though. But whats going to be your tool really? Is it a software or just a widget to show up the information. I don’t know how are you doing but in my additional information to your survey I would recommend you to make a software which will analyse the data from at least 10 to 15 different sources and make a standard deviation of all the data. Then it should be able to recalculate it in the simple answer so that normal people like us would be able to understand it. Will be watching this post. Trading is getting out of the hands now a days. Hope you come up with something great. :-)
August 12, 2017, 01:26:04 PM
I don't believe in the accuracy of these forecasts. The price of bitcoin are too many factors. Bitcoin does no such levers which have Fiat currency. So nobody ever can tell when the whales want to destabilize the situation on the market.
August 12, 2017, 01:06:25 PM
Your survey needs to include "Other" answers and multiple responses for almost all of these questions.
It's very restrictive to see, for example "which sources do you use to make a trading decision?" and only a few measly answers. I use Slack channels, the coins' websites (to understand the fundamentals of the coin) and occasionally technical indicators on exchanges. I also sometimes access exchanges from multiple browsers and I sometimes access them from the Brave browser which isn't listed there.
"How often do I trade?" is another one which obviously needs to be less restrictive.
It's very restrictive to see, for example "which sources do you use to make a trading decision?" and only a few measly answers. I use Slack channels, the coins' websites (to understand the fundamentals of the coin) and occasionally technical indicators on exchanges. I also sometimes access exchanges from multiple browsers and I sometimes access them from the Brave browser which isn't listed there.
"How often do I trade?" is another one which obviously needs to be less restrictive.
August 12, 2017, 12:40:32 PM
Wow, this is great! I can't wait to see it. How long wikl you beta test it to compare the success ofbit predictabikity drivers before releasing it for public viewing and use?
I'll take your survey. Can you share the survey results with this forum once the research is completed?
Thanks for your work!
I'll take your survey. Can you share the survey results with this forum once the research is completed?
Thanks for your work!
August 12, 2017, 11:03:02 AM
Though your idea is cool, this is not the first time that someone proposed to do an all around trading tool that provides a better trading strategy than your conventional trading bots. Also, your survey is okay given that you like to know the common trading practices we have here since it'll help you narrow down the best possible tool you can do to help.
August 12, 2017, 10:54:40 AM
I'm an economic student and in the last 6 months I've been studying the cryptocurrency market. In my research, i wanted to understand what affects the cryptocurrencies price? and if it's possible to measure it?
The results were positive and I decided to create a tool for cryptocurrency traders that will help to improve your successful trading rates and have more confidence when buying/selling a coin.
Before I will release the tool for widely use I doing a bit more research in order to provide you guys the best trading tool out there. I made a short survey(2-3 minutes max) and your answers will help me to go further with my research & development.
The link to the survey:
https://freeonlinesurveys.com/s/uy2aOtky
I'm also looking for cryptocurrency traders with experience to try our the beta version that I'm about to release in the next few weeks.
PM if you're interested in testing my beta version.
The results were positive and I decided to create a tool for cryptocurrency traders that will help to improve your successful trading rates and have more confidence when buying/selling a coin.
Before I will release the tool for widely use I doing a bit more research in order to provide you guys the best trading tool out there. I made a short survey(2-3 minutes max) and your answers will help me to go further with my research & development.
The link to the survey:
https://freeonlinesurveys.com/s/uy2aOtky
I'm also looking for cryptocurrency traders with experience to try our the beta version that I'm about to release in the next few weeks.
PM if you're interested in testing my beta version.
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