Topic: Is it easy to predict the price of Bitcoin in a near future? - page 3. (Read 526 times)
I think it is difficult to predict the price of bitcoin. High volatility of the price does not guarantee the accuracy predictions. The analysis is based more on speculation. Besides, there is a lot of hype around bitcoin which doesn't make forecasting easier.
Yes, you're absolutely right about that. We can tell or predict if the price or the value per share for the stock market will goes down or high based on the news about the company but we're never sure if it really affects the whole business, based from my experience as also a investor in stock market even though there are huge news about the companies the price didn't move that much from high to low it is because there are a lot of things to consider, before it affects the whole business. In bitcoin it is so unpredictable because no one owns bitcoin the founder or the inventor of bitcoin satoshi nakamoto is unknown. That's why it is very unpredictable if the bitcoin price goes high or up.
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 most important issue is the mining cost.
There is no doubt that the cost to mine BTC is raising rapidly. It is close to 10k now.
Only if the price is higher than the cost, the economy of BTC will develop. Otherwise, it will be nothing.
There is no doubt that the cost to mine BTC is raising rapidly. It is close to 10k now.
Only if the price is higher than the cost, the economy of BTC will develop. Otherwise, it will be nothing.
If we talk about the price mining itself is not huge problem and with it you can't really predict the price. Although this is an issue but so far I do not think that it is heavily being worked on as Proof Of Work is what many people like about the concept of bitcoin. There are other options out there such as PoS , dPOS and many more which you can see within some altcoins who are trying to solve the issue of electricity consumption cost.
For me it is not easy to predict the price of Bitcoin, it goes up and down all the time. I believe its volatility is what makes it risky yet profitable.
I think the advent of the big data era may make bitcoin more predictable.
Since bitcoin is not restricted to any one country, it is entirely possible to predict the direction of prices based on big data.
No one can predict the value or price of bitcoin in near future. But we can wait what's the next price of bitcoin now. But you can invest and hold your bitcoin and wait the right time. Since bitcoin is not restricted to any one country, it is entirely possible to predict the direction of prices based on big data.
Predicting bitcoin in the near future I think it is very impossible to do, because so far no one can solve the formula up and down the price of bitcoin / market.
But I suggest you look at bitcoin history from 2013 -2017 because of the statistics data is almost the same as bitcoin goes up and when bitcoin goes down, maybe you can take it from there and you summarize it so you can predict bitcoin prices in a short period of time.
But I suggest you look at bitcoin history from 2013 -2017 because of the statistics data is almost the same as bitcoin goes up and when bitcoin goes down, maybe you can take it from there and you summarize it so you can predict bitcoin prices in a short period of time.
It is relatively easier to predict the price of the stock of a company.
No, it is not that easy, if it were you would see tens of millions trading and only earning.
You won't see traders quitting the game with empty pockets and you won't see investments funds going penniless.
The financial crisis a decade a gois proof of that
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.
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.
New technology might be just hype.
Two examples: Snapchat and Theranos
When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.
Of course these stocks are not public but if it where probably UBER would be worth 0. Also what about Apple and Samsung and their recent year...full of scandals yet..
Now, back to the bitcoin price.
If there would be a method to anticipate price changes everybody would game it and the results would be....
Who wants to bet on a horse race with only one horse at 1.00001 ods and who wants to be the bookie on that?
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.
i think so because predict is easy but its not true only time can know the price of it in the near future so we cannot only predict just do to think possitive for the better price in the fufure four our future and better life. 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.
It is not easy to predict the price of bitcoin especially when the guys from the top are controlling it. Just wait, bitcoin goes up again
Although it is difficult to predict the price of bitcoin but i think that if we study the surrounding we can see the increasing interest of the people from which we can in fact predict the value of bitcoin, although bitcoin price isl currently trading in a low price but we can hope that its price will very soon start increasing and very soon we will see the price of bitcoin trading above 20000$. Since Bitcoin is a part of highly volatile wild cryptocurrency market, it is very difficult to predict the price. Unlike stocks of the companies, cryptocurrency market is active 24x7 and it is a global commodity/currency so you never know which kind of incident will affect the Bitcoin in what way. However, considering the past performance you can always chalk down some possibilities of the trends which might take place in reality in the future. However, it is almost near to impossible to predict the accurate future of cryptocurrency market (applicable to every sector actually).
It is almost impossible to predict near or far future in crypto currency market. only thing you can do is just speculation. even the master traders confess that they cannot predict the future but they just do a great risk management.
Bitcoin is volatile, it is hard predict but still we can say that it is a plot or a manipulation there are some that can predict what will happen. It is not accurate but still, it is amazing. I've read a thread here in the forum in the past, maybe a couple of months before the price reach an ATH of $19K saying that it will be reaching $20K. Yes it is not accurate, but it is so close there. I think there are some things that can affect the bitcoin price, forks, projects and maybe other altcoins.
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.
why does the price go up and down in these cases? it is simple because of the supply and demand.
the first case when a company invests something it creates an speculative incentive for investors to want to buy that stock in other words it increases the demand for that stock. so price goes up.
the second case, a scandal, makes people want to sell their stock so it increases the supply (sell pressure) and removes the demand so price drops.
you just have to figure out what are the things that create the demand for bitcoin and the incentive to buy or sell.
for example in bitcoin the demand is mainly the adoption. as it is a new technology, people around the world find out about it and when they do and want to start using this currency, that creates more demand. there is also lots of different positive news. like Japan adopting bitcoin. bitcoin implementing a scaling solution (both big news from 2017)
the same with drops. for example when and exchange is hacked (eg bitfinex in 2016) it creates fear among investors and increases the sell pressure.
Come to think of it if the price of Bitcoin would be predictable it won't be profitable anymore. Its volatility is something that's giving us a good profit, predictable movement of the price won't give us anything.
The most important issue is the mining cost.
There is no doubt that the cost to mine BTC is raising rapidly. It is close to 10k now.
Only if the price is higher than the cost, the economy of BTC will develop. Otherwise, it will be nothing.
There is no doubt that the cost to mine BTC is raising rapidly. It is close to 10k now.
Only if the price is higher than the cost, the economy of BTC will develop. Otherwise, it will be nothing.
Well, something that are now influencing the Bitcoin price is --> Bitcoin Futures
It seems as though price manipulation is being done by big Wall Street investors to influence the return on their investment in
Bitcoin futures. { The first batch of futures are expiring 4 PM London time, as reported on Reddit } ....The influence of that,
might be a slight drop in the price and a possible correction there after. Who knows?
It seems as though price manipulation is being done by big Wall Street investors to influence the return on their investment in
Bitcoin futures. { The first batch of futures are expiring 4 PM London time, as reported on Reddit } ....The influence of that,
might be a slight drop in the price and a possible correction there after. Who knows?
You are right with something big like this we could confidently say and predict the outcome. But the point here is really that it is hard to predict this market, always I see price shooting up but the question is until what point? It is very hard to predict situations even like with these features - price could dump but the next thing it could go up who knows what could happen. I think we should see possible correction
It is not easy to predict the price of bitcoin especially when the guys from the top are controlling it. Just wait, bitcoin goes up again
Manipulation is being done, thats for sure but still you can't control market with like half of billion dollars worth in market cap at current time. Problem is that we have many people that don't know what the hell they are doing, first time investors who are blinded by money and making it over night.
@Kprawn what is Bitcoin Futures? Is that a group of elites that trying to manipulate the price? I haven't heard of them before. Guess, I am just new in the business compared to you.
Read here for more information: https://coingape.com/first-cme-bitcoin-futures-contracts-expires-on-26-january-2018/
@Kprawn what is Bitcoin Futures? Is that a group of elites that trying to manipulate the price? I haven't heard of them before. Guess, I am just new in the business compared to you.
It is not easy to predict the price of bitcoin especially when the guys from the top are controlling it. Just wait, bitcoin goes up again
I think that it is very hard to predict the price of bitcoin in future. To know the price you have to study all the past market data of bitcoins and then you may predict its value in future.
Well, something that are now influencing the Bitcoin price is --> Bitcoin Futures
It seems as though price manipulation is being done by big Wall Street investors to influence the return on their investment in
Bitcoin futures. { The first batch of futures are expiring 4 PM London time, as reported on Reddit } ....The influence of that,
might be a slight drop in the price and a possible correction there after. Who knows?
It seems as though price manipulation is being done by big Wall Street investors to influence the return on their investment in
Bitcoin futures. { The first batch of futures are expiring 4 PM London time, as reported on Reddit } ....The influence of that,
might be a slight drop in the price and a possible correction there after. Who knows?
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