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. 
I think it's not easy, because the bitcoin price movements are always changing rapidly or fkuktuatif.
Although in the near future or with the long term, i think no one can predict with certainty bitcoin prices.
And the right solution we must have extraordinary patience with cryptocurrency when the price is down.
The result of us being patient, will definitely find huge profits in the future and surely within a few days bitcoin price changes will rise again quickly, and hope it happens soon.
Although in the near future or with the long term, i think no one can predict with certainty bitcoin prices.
And the right solution we must have extraordinary patience with cryptocurrency when the price is down.
The result of us being patient, will definitely find huge profits in the future and surely within a few days bitcoin price changes will rise again quickly, and hope it happens soon.
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.
Bitcoin is a speculative market and one should know that it is very difficult to make predictions about price movement adequately. I have been following the market since when I know about bitcoin and it has been encouraging. If we fold our hard waiting for some one to tell us when bitcoin is going to get pump in nearby future we would not be able to make an informed decision but you have to follow the trend and the upward trend has started to form now therefore you should do your on personal research to find out the right time to buy.
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.
I think the BTC price trades partly on worldwide sentiment which is totally subjective. Another portion of the price movement is the technical's, like moving averages, trend lines, previous high and low support areas, Fibonacci levels.
The price does trend quite often over the last year, either up or a quick correction. The current correction that BTC is in has been much longer than the 2017 corrections, most likely because of the major run up between 8k and 19.5k.
The price does trend quite often over the last year, either up or a quick correction. The current correction that BTC is in has been much longer than the 2017 corrections, most likely because of the major run up between 8k and 19.5k.
Anyone can predict the price of bitcoin, but no one can knows what happen in the future. Bitcoin price sometimes easy to predict.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.
Rightly said anyone can predict the price of bitcoin but it does not go by the predictions as far as the predictions were true then we should be having the bitcoin price at $40,000 now as some crazy elements predicted these price by the mid of december. But one thing is for sure as you have mentioned that the value of bitcoin will keep increasing every year.
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
what are you talking about? As far as i know no one can control bitcoin cause it is working without any single person because it is a decentralized currency. so its impossible to control its volatility. And indeed the valued will depends on the demand of supply from the market which is when there's a massive adaption the valued will increase and it fall dip when some of the holders selling their bitcoin..and also that is the common reason why the price is very unpredictable. 
Anyone can predict the price of bitcoin, but no one can knows what happen in the future. Bitcoin price sometimes easy to predict.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.
Indeed. These are all assumptions and people are just doing their speculations base from the past movement of bitcoin and nothing is certain here. With these stagnant price of bitcoin many weak hands are already lose their bitcoin and losing hope that it will just stay in that place and the worst lose its value which isn't a healthy way to think. We've been here for years and saw how bitcoin innovate so believe that it will and it'll attract the positive vibe.
Anyone can predict the price of bitcoin, but no one can knows what happen in the future. Bitcoin price sometimes easy to predict.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.
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.
Until whenever we can not predict the price of Bitcoin properly. most people will only take the speculation that the price of Bitcoin decreases or increases. Bitcoin prices are strongly influenced by people who use them, for example we are increasingly using Bitcoin for everyday financial transactions then it can make Bitcoin price increase and when we start to leave Bitcoin then the price will tend to decrease. 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 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.
The prediction of Bitcoin's price is so easy. I could always say that the price will go up or down but the hard part there is making your prediction come true. If the prediction you are looking at is in the long term then we could always assume that the price of Bitcoin is on the uptrend. This could be justified by saying that the demand for Bitcoin as time pass by is always increasing. More and more people are getting engaged to Bitcoin. But if you are looking at a short term prediction, this is a difficult one since Bitcoin is very volatile in the long run, volatile in a way that the price fluctuates so much.
Thanks all for your insightful inputs.
So because of Bitcoin's volatile nature, it is hard to make accurate prediction of its price, unless there are new government policies or big events such as forks or Bitcoin Future.
So because of Bitcoin's volatile nature, it is hard to make accurate prediction of its price, unless there are new government policies or big events such as forks or Bitcoin Future.
Market prediction about bitcoin can't be done accurately. It is all about the trust and in near future too we don't know what happens with the price. We can just speculate based on the incident happening associated with bitcoin as well other virtual currencies around the world. It can be of good or bad.
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 the reason for this is that bitcoin is scarce, stocks are not really scarce a company could print as many shares of their company as they want, but this does not happen with bitcoin that is why even if there are bad news people like us who want to hold bitcoin for the long time are not worried, since bitcoin has a strong tendency to go up simply because it is a scarce asset and it is becoming even more scarce. 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 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.
There were many reasons for hikes and falls, considering few of them:
Hyped too much during 2017 as value broke $1000 level,
Community started talking about a fork and there was free money on the table, so they wanted the "upcoming" forked coin (BCH's) value higher which is why Bitcoin increased in value.
China banned crypto activities, price fell down. Recovered back in a day or two, went to more than $5000.
Every investor was eyeing towards $10000 and having more forks on the road means more money, they made it break that level too.
Futures were announced by world's biggest derivatives marketplace CME Group which lead the value to soar towards $20k, as everybody knew that this might be the outcome after Futures come into existence. Fell down back to $11k (FUTURES EFFECT) and recovered back to $14k, then became stable.
Afterwards, the Koreans played their move and it fell down more. But now, it isn't that easy to understand that what will happen when, because moves by Govs of different countries are uncertain and may probably make it worst.
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.
That's way too hard to predict since Bitcoin is naturally volatile so changes anytime might take place. Also, we can't predict what will happen to the market itself every day, such as at this moment wherein the whole market is falling due to issues that it is facing. Given that it is hard, just focus on holding and investing and be more futuristic when it comes to Bitcoin.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.
We can make prediction but 100% not accurate because we all don’t know what will happen in the future. A lot of happenings in cryptomarket everyday and its getting harder to analyze the market. Being optimist here can help you make money in the future, just invest on the things you analyze.
No it's not easy for me to predict in a near future because it's currently instable, but for me in 2 years the bitcoin will reach 100 000 dollars or more, I'm sure
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.
That's way too hard to predict since Bitcoin is naturally volatile so changes anytime might take place. Also, we can't predict what will happen to the market itself every day, such as at this moment wherein the whole market is falling due to issues that it is facing. Given that it is hard, just focus on holding and investing and be more futuristic when it comes to Bitcoin. 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 nearly impossible to do so as there are factors which affect its price in way in which you or any other person do not have control on.
One such factor is that some huge deal made and big investor selling his large investment.
All you can do here is try your luck here and make more side money.
Good luck
One such factor is that some huge deal made and big investor selling his large investment.
All you can do here is try your luck here and make more side money.
Good luck
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 myself also do not know too much about the "prediction" future of bitcoin. according to experts crypto expert predict future bitcoin will be very bright, why? they say, if a price earned from the previous year is very good, then in the coming year also predicted the future of bitcoin is very bright and will be better than the previous year.has we see for yourself, how the explosion last year's price is very surprising. experts predict bitcoin prices will break above $ 40,000 to $ 50,000 and will record new prices in the crypto world. hopefully that in the prediction of experts true happened. 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 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?
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.
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