Topic: Is it easy to predict the price of Bitcoin in a near future? - page 4. (Read 516 times)
To be sure you must still have a strong patience if the price has not moved up Because we are able to understand that bitcoin has a very rapid price change so as to give great hope to someone in the search for profit.In the next few days.
No,It will never be easy to predict the price of bitcoin or any other crypto currencies.Because the price of bitcoins are changing periodically even in a minutes it will change that much volatility on bitcoin prices.
But normally the price of bitcoin falling at the beginning of the year and it is jumping at the back end of the year so it may happen in the coming year also.
But normally the price of bitcoin falling at the beginning of the year and it is jumping at the back end of the year so it may happen in the coming year also.
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).
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.
Since bitcoin is not restricted to any one country, it is entirely possible to predict the direction of prices based on big data.
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.
Jump to: