Topic: Is it easy to predict the price of Bitcoin in a near future? (Read 516 times)
I think that the OP answered his own question. When the company is involved in litigation, its stock will fall in price. But in that moment when you buy the shares of that company you don't know what they are doing something illegal. The court's decision you also unknown. What will happen to shares if the company win the court? You can never draw conclusions on the forecasts. You can make a mistake. Bitcoin is no exception.
Many think it is easy to make price predictions but it is not an easy task as it is a volatile currency and price changes every hour and making speculations in this situation is really a difficult task to perform.You need to go through various sources like previous graphs,market reading,current market situation and other things and some special skills before reaching on an outcome.So you have to be sure before any predictions.
I think this is difficult, because the price of each coin in crypto no limit of the highest or lowest value. Especially when the price can be played by investors who have large capital, which can be done by traders who have a small capital just be patient waiting for an opportunity.
The price prediction of bitcoin in the near future quite possible be easier. Since if the market truly embrace and adopt blockchain technology to its payment system then the trend will always be upward not only increase but also dips when major update or revamp is on its way. This way it is much more given focus by more people thus generating a consensus of a general hunch on pricing by day to day basis.
huh? No bitcoins value will still be unpredictable no matter what date or time , whether we are on the future or past it will still be unpredictable because the price will still depend on the supply and demand. it will only be easier to predict if someone had a power to see the future but that will likely less to happen even if how smart the people will be. overall bitcoin is not only the one that is hard to predict rather all cryptocurency is also incuded as they are verry volatile.
The price prediction of bitcoin in the near future quite possible be easier. Since if the market truly embrace and adopt blockchain technology to its payment system then the trend will always be upward not only increase but also dips when major update or revamp is on its way. This way it is much more given focus by more people thus generating a consensus of a general hunch on pricing by day to day basis.
One thing you should always put into mind is that if you engage with Bitcoin, you are also somehow engaging with uncertainty. Despite the available data and other resources to study the movement of Bitcoin, it can still be quite challenging to study its movement as it's hard to distinguish the correlation of it's volatility with its other aspects. It's movement is also influenced by many factors that some of us may never know what it may be but it can greatly affect its growth. Stock is truly different from Bitcoin and at the end of the day, it's the risk you're willing to take to invest in both aspects.
I think it is very difficult to predict the market price of bitcoin, and more easily predict the stock of the company, because the company's stock is already available destination and direction to be addressed, making it easier for us to predict it.
I think so, the price of bitcoin would be easy to predict in the near future as there will be more analyst and advance software that will be used in analysing data regarding the price of bitcoin.
It is not that easy to predict the price of bitcoin for it is very unpredictable. Added to that, you only can predict it based on your experience with bitcoin, studies, and your hunch. And the latter is not based on your emotions but on your logic to be precise.
Personally, I reckon the price will not remain low for a long time. It is just a tough period for bitcoin until it rises up again. This price is an opportunity for people to buy some bitcoins and hold them (It is not an opportunity for me though)
Although it is not that easy but still therefore are so many experienced people whose prediction about bitcoin price proves as true and to me as I get some prediction about bitcoin from such expert people and they think that bitcoin price will once again accelerator and its price will very soon reach to its precious high price therefore I think that holding bitcoin in current time can be consider as good option. Personally, I reckon the price will not remain low for a long time. It is just a tough period for bitcoin until it rises up again. This price is an opportunity for people to buy some bitcoins and hold them (It is not an opportunity for me though)
It is not that easy to predict the price of bitcoin for it is very unpredictable. Added to that, you only can predict it based on your experience with bitcoin, studies, and your hunch. And the latter is not based on your emotions but on your logic to be precise.
Personally, I reckon the price will not remain low for a long time. It is just a tough period for bitcoin until it rises up again. This price is an opportunity for people to buy some bitcoins and hold them (It is not an opportunity for me though)
Personally, I reckon the price will not remain low for a long time. It is just a tough period for bitcoin until it rises up again. This price is an opportunity for people to buy some bitcoins and hold them (It is not an opportunity for me though)
It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.
But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.
Any advice would be much appreciated.
But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.
Any advice would be much appreciated.
Bitcoin and altcoin are all hard to predict. Here are a few simple tips that make it easy for you to do a priction, that is by understanding the issues that occur around the bitcoin itself, both internal and eksternal, such as :
1. Congestion is the main cause of high fees (internal).
2. Knowing the conditions that occur on exchange accounts in various countries (external).
Maybie that would be the main benchmark for 'doing' a prediction.
more countries to banned bitcoin or there was bitcoin exchange got hacked usually these will makes bitcoin price dropped also if there was good news regarding bitcoin or the particular countries who accept bitcoin these things also possibly to makes bitcoin price rise up but indeed predict bitcoin price is pure of speculate because people only could predict possibility the price and nobody can able to provide the exact predictions in bitcoin
It's very hard to predict Bitcoin. All cryptocurrencies changes are based on specific media, so every single panic can change the price of it. The current price of Bitcoin is stable but for how long, we will see. I prefer to watch a lot of media news from China about Bitcoin value, so this helps me somehow to predict a price of Bitcoin.
For me it's easier to forcast the stockmarket than BTC. Because BTC can flactuate with no boundaries. Unlike in the stock market we know the aspects that we have to consider in forecasting and we also have past datas and the changes your company is going to make that are really helpful in predicting where the price is going. Unlike in BTC you can't use the past datas in forecasting its future price. It can double its value in no time, and vice versa.
The stock markets have hundreds of years of history bitcoin is something completely new, that no one has an exact idea how to predict, I'm sure that at some point one of the Nobel prizes for economists will be for the one that devises new formulas to depict more accurately what happens to the bitcoin market but until that day we have tools which only applies partially to bitcoin. Why to predict the price of bitcoin? What does this give you? If we assume that there is a schedule of indicators of bitcoin prices for the year ahead. It will know everything. As soon as the price will be closer to the maximum I will sell coins. Mass reset will trigger a price drop. The market will be panic. It is better to live in ignorance.
it will be much different what we expected, now that cryptos were quite popular, there are many governments that we don't know what they are thinking, some might accept it that can cause pump or banned it that can caused the opposite, it wil be much harder to tell when everyone is much likely committed on it.
Why to predict the price of bitcoin? What does this give you? If we assume that there is a schedule of indicators of bitcoin prices for the year ahead. It will know everything. As soon as the price will be closer to the maximum I will sell coins. Mass reset will trigger a price drop. The market will be panic. It is better to live in ignorance.
Not easy, Bitcoin price is always really unpredictable, the value of bitcoin indeed is made fluctuate, I think that's why no one can predict bitcoin price, we can do now only be patient and hold until bitcoin price increase again eventhough we never know when it Will happen.
It's easy to predict the next 5 minutes in bitcoin.
There is no difference between now and future about predicting the price. It would be the same, some prediction is right and some prediction is wrong, the same in future. All is not accurate, simply because no one can see what will happen next.
Even I was not sure how much raise in the price of bitcoin in future. But compared to the market graph, l was sure there may be a up's and down in the price of bitcoin. Now the price of bitcoin is around 11300$ ,I had expected the price will reach upto 30,000$ at the end of this year.
No one can predict and know what may happen next. It is a little bit miracle if you notice or knew what can happen next especially on the price of bitcoin. Just be patient by yourself and wait for the perfect timing.
Except the ones who manipulate with markets all over the world, they know what will happen next cause they are organizers of the future events. Patience and waiting are great for holders, but if you are not a holder then what you need patience for? For predicting the price movement you need informations from almost everywhere, every big change that comes has to start somewhere. Its not easy to find clues in all this mess, too many people work on deceiving you, so read everything and learn to trust your instincts, it`s not easy to read the market but with a lot of practice you will be better and better in that. Jump to: