it seems to getting more difficult now to analyse cryptocurrency prices

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: slaman29 on November 05, 2020, 03:24:26 AM

Quote from: Janation on October 31, 2020, 05:03:02 AM

You could say that to 2020.

Pandemic, and other problems in between and now we have these storms closing to our country. What a year, anyway I think that could also be because of the things happening and people are quite attracted to Bitcoin, with a lot of people going in and going out I guess that makes Bitcoin more unpredictable, something we can get from this chart, I guess.

You could say that about every year in this case. Remember 2017? Bitcoin was supposed to be in a downward spiral with all the internal wars going on with big blockers. Ethereum was supposed to do the Flippening and CryptoKitties would push it to the top.

But Bitcoin improved and ETH went down.

And trade wars in 2019? Made Bitcoin go even stronger.

Every year is difficult to analyze, and hundreds of experts get it wrong every day;)

I could say that every year has something special about it, and I am sure that if you go back in time and check every year at least few stuff that is not really nice happened not only in crypto but in general of the world, there hasn't been a year without any major problems in any nation, there is always at least one big news in the world.

However let's be realistic, we are getting closer to almost 1 year of pandemic and people trying to stay at home as much as possible and wearing masks as much as possible when they go out which is like the middle ages with masks of big nose thingies.

So, yes every year had something but for the past 70 years or so since world war 2, there hasn't been anything that affected the whole world at this scale, this year is much much different than the other ones.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Janation on October 31, 2020, 05:03:02 AM

You could say that to 2020.

Pandemic, and other problems in between and now we have these storms closing to our country. What a year, anyway I think that could also be because of the things happening and people are quite attracted to Bitcoin, with a lot of people going in and going out I guess that makes Bitcoin more unpredictable, something we can get from this chart, I guess.

You could say that about every year in this case. Remember 2017? Bitcoin was supposed to be in a downward spiral with all the internal wars going on with big blockers. Ethereum was supposed to do the Flippening and CryptoKitties would push it to the top.

But Bitcoin improved and ETH went down.

And trade wars in 2019? Made Bitcoin go even stronger.

Every year is difficult to analyze, and hundreds of experts get it wrong every day;)

lienfaye

hero member

Activity: 3010

Merit: 629

Well even before, the market is really hard to predict and make an analysis.

Specially if you're not good in TA and just relying on other investor's prediction regarding the status and the possible next movement of the coins.

We cant certainly predict the prices of the coins and thats how it goes for crypto, its an speculative investment.

ice098

hero member

Activity: 1498

Merit: 586

Quote from: RokokGudangGaram on October 30, 2020, 04:42:11 PM

As what I notice, the market still behave as it is but if you are trading for a daily one then I am sure that your view is quite different to mine because I am viewing it as a long term trader.

Price analysis is not that easy to execute especially if you want a hundred percent correct result or even a passing percentage like 80% of your price analysis will hit. Not only if you are already a professional trader where you have enough resource to predict the price correctly.

Analysing cryptocurrency was not easy as it seems and as it is always. It was the mere fact that cryptocurrency was a volatile currency was what every traders should dealt with. Even the professional trader i bet still have some difficulties when it comes on analysing cryptocurrency. Be it fundamental analysis or technical analysis sometime we aren't come up with the right decision but with the help of these tools we can decide what were going to do as traders.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: rijaljun on November 04, 2020, 01:50:46 AM

In my experience it's really hard to predict it since from the start since the market is decentralized it's really volatile there are times that I can predict it but most of the time are not since there's a lot of variations to consider. I think it's a matter of strategy and backup plan how are you going to adjust to the market.

You wont succeed if you dont have this kind of thinking thats why its really important to find up some strategy on how to be profitable into this very unpredictable market.
Market hasnt come to be an easy one to be predicted yet since from the beginning its always been a major problem on how to deal with this very volatile market.
Not that its getting more difficult yet its had been difficult since from the beginning.

FanEagle

legendary

Activity: 2884

Merit: 1117

Even if you want to earn daily, you could still hold your bitcoin, you could hold it on places that gives you interest.

Obviously some places give insane returns that looks fake and I do not believe them, but there are also legit places that gives a proper return as well. I for one love freebitco.in which gives a steady return of yearly 4% for your bitcoin which is a lot, and I think that is quite great that they allow you to make it on bitcoin and not dollars.

This is the reason why I think it is quite important that we end up with picking the right one and not one of those scammy looking ones. After that, your path to daily income is simple, just collect that if you want to, or just ignore it and let it grow even bigger because the longer you keep it there the more interest you get with the earnings.

rijaljun

sr. member

Activity: 1274

Merit: 267

In my experience it's really hard to predict it since from the start since the market is decentralized it's really volatile there are times that I can predict it but most of the time are not since there's a lot of variations to consider. I think it's a matter of strategy and backup plan how are you going to adjust to the market.

lifeOK

member

Activity: 308

Merit: 22

Quote from: xSkylarx on October 31, 2020, 06:18:45 AM

Quote from: gabbie2010 on October 30, 2020, 08:56:44 PM

Nowadays you can't hardly analyze the price due to the erratic price movement, the best bet is to buy and hodl so as to be on a safer side.

But what if I want to earn on a daily basis, hodling won't surely work. And doing that is not really safe. How can you assure that its price will boom in the next few years? What if it does not happen then you just ended up hodling for nothing.

At least if you're tight with bitcoin and ethereum surely give more good impression than any others. Yes, hodling won't surely work on every other shit project. What about you're dealing with great project, has great passionate team which definitely boost up future. What i say, Holding is matters.

culuuton

hero member

Activity: 1593

Merit: 502

Quote from: cryptoboss2020 on October 06, 2020, 11:26:52 AM

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?
you can read the charts and analyse before it use to be went according to analyses but now it look like the market can any ways

is so what could be the reasons?what have might caused this ?? have anyone here noticed same thing?

Price prediction has never been easy not only now but also before too. Can you tell when is the easiest time to analyze prices in the past? Many predict, many analyzes but the exact number is how much, very low.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: gabbie2010 on October 30, 2020, 08:56:44 PM

Nowadays you can't hardly analyze the price due to the erratic price movement, the best bet is to buy and hodl so as to be on a safer side.

But what if I want to earn on a daily basis, hodling won't surely work. And doing that is not really safe. How can you assure that its price will boom in the next few years? What if it does not happen then you just ended up hodling for nothing.

Janation

hero member

Activity: 1722

Merit: 528

You could say that to 2020.

Pandemic, and other problems in between and now we have these storms closing to our country. What a year, anyway I think that could also be because of the things happening and people are quite attracted to Bitcoin, with a lot of people going in and going out I guess that makes Bitcoin more unpredictable, something we can get from this chart, I guess.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: Shasha80 on October 30, 2020, 06:49:56 PM

COVID19 pandemics

Corona is here to be blamed.

What else? I think it's just an ordinary market , where there's a special condition to the covid19 where noone ever expected something like that to happen and hit every single financial market in the world so hard to the dip, bitcoin itself save from the extinction yeah if only there's noone believe in bitcoin .. back in February-March where the market has reached the peak .. frustrating and down nearly half of it in price , it could be even worse.
Here we are today enjoying the ride to another all time high?
Not really difficult to analyze, it's just a special condition hitting us.

KnightElite

sr. member

Activity: 924

Merit: 275

For me analyzation is really subjective, there are people who wants complicated analyzation to have better conviction on the data that they are getting and there are some people who have simple analyzation. I only analyze few coins ranging 5 -10 coins because there are too many coins in the market and I do not have enough time to analyze them all, I'm a day trader and not a pokemon hunter so I do not give care on some coins especially those shitcoins out there. When I analyze a certain coin, I first look at the background of it where I research the team behind for me to see if the coin have potential or not. Then I look the sentiment if there is a hype on it, there are times that hype is the reason why the prices are quickly rising up so I considered it as one of the factors. The difficulty of analyzation depends on what skills that we have, it is easy to master especially if we will give care on it. I do not also suggest that you will follow that analyzation of the others because they are not liable whenever you lose your money in the market. As a said earlier, the analyzation is a subjective and you should be the one who will create it and not the other people.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Spaffin on October 30, 2020, 08:47:29 AM

Quote from: matchi2011 on October 30, 2020, 04:27:56 AM

There's no accurate and whatever traders are doing are all speculations and own assessments, things are really hard ever since
no shortcut all relied with how you estimate and how you believe.

Some might relate the ongoing movement with how the things happened like before but there's no assurance still, the patterns
are almost showing the same but you still need to anticipate that it can turned against you so be prepared.

One way or another, no one can make a more accurate forecast based on their own analysis no higher than 70-75 percent. Even such low rates are available only to real professionals, of whom there are not so many. That is why I also never pay attention to the analytics of third-party resources and people whose signals are aimed only at manipulating inexperienced traders.

I believed the inaccuracy in price analysis should be attributed to many underlying fundamental factors that affect the price in the market nowadays unlike before when the price is more stable except during Bitcoin forks that is when the price experience some pumping then.
Nowadays you can't hardly analyze the price due to the erratic price movement, the best bet is to buy and hodl so as to be on a safer side.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: RokokGudangGaram on October 30, 2020, 04:42:11 PM

As what I notice, the market still behave as it is but if you are trading for a daily one then I am sure that your view is quite different to mine because I am viewing it as a long term trader.

Price analysis is not that easy to execute especially if you want a hundred percent correct result or even a passing percentage like 80% of your price analysis will hit. Not only if you are already a professional trader where you have enough resource to predict the price correctly.

You will lose your mind if you will try to analyze the whole crypto market.
Even few alts that you are closely following will give you a headache.
On my end, don't get too attached with trend analysis of so many coins.
Just follow closely those that you have vested interest, others, just leave them.

Shasha80

sr. member

Activity: 1876

Merit: 318

Like everyone, it is difficult to predict cryptocurrency prices this year, because there are many unexpected events this year.
One of the COVID19 pandemics has affected the movement of cryptocurrency prices. The current market is indeed difficult
to predict, Then the DeFi trend was also quite surprising for some investors, because there was hype on some coins. In fact,
another unexpected news related to Paypal finally accepted cryptocurrency. So there are so many surprises this year, fortunately
all the surprises that happened created a positive trend for crypto investment.

RokokGudangGaram

full member

Activity: 966

Merit: 102

As what I notice, the market still behave as it is but if you are trading for a daily one then I am sure that your view is quite different to mine because I am viewing it as a long term trader.

Price analysis is not that easy to execute especially if you want a hundred percent correct result or even a passing percentage like 80% of your price analysis will hit. Not only if you are already a professional trader where you have enough resource to predict the price correctly.

beerlover

legendary

Activity: 3052

Merit: 1188

Quote from: Salauddin1994 on October 30, 2020, 01:37:36 AM

The market is improving through the last analysis of technology analyzing cryptocurrency prices now seems to be becoming more difficult as crypto markers are not stable it is possible to make predictions if you can analyze the trading charts by analyzing the market well. There is always a need to be active in the market to know new information also different groups or teams often give accurate information.

When the technology behind bitcoin improves along with the adoption of bitcoin increases (with paypal news) it was bound for a big increase, nobody could deny that this was totally expected whenever these type of things happen. First it was defi that showed the world what it can do, that made it go up, but after that paypal also showed the world how adoption could help and these combined allowed us to go from 10k to 13k+ levels.

What seems to be a mystery right now is to see what is going to happen in the near future, we already did the tech improvement and paypal already said they have done it, now what? I do not really know what is going to happen next, only thing in my mind that could be is amazon accepting crypto, that would make it go 20k+ very quickly.

cryptoboss2020

member

Activity: 322

Merit: 14

Quote from: davinchi on October 30, 2020, 11:02:36 AM

Quote from: TitanGEL on October 30, 2020, 10:08:50 AM

We have still 2 months to go and there will be another surge for sure

From your long statements, I understand bitcoin market is not that difficult now for you to analyse, right?
I am just wondering your expertise level in analyzing bitcoin markets; because only for the people who has been into such analysis for longer experience might be finding it is not difficult and profitable regardless of how wildly market is swinging these days.

If your time permits, please share about your profit percentage in recent times which are made only through your own signals.

Quote from: cryptoboss2020 on October 06, 2020, 11:26:52 AM

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?

I am always seeing some people are always blaming market volatility whereas good profit level is purely depending on your own accuracy in generating your signals. Market is always unpredictable; no changes happening to this nature regardless of world events nor how many people are participating in trading. Yes, it is always a mystery for all traders.

what? i dont agree with you !!
i have long experince if something is different then i would notice that.
i said markets now are less predicteble then likely they are trader like me with this long experince dont say just things.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: TitanGEL on October 30, 2020, 10:08:50 AM

We have still 2 months to go and there will be another surge for sure

From your long statements, I understand bitcoin market is not that difficult now for you to analyse, right?
I am just wondering your expertise level in analyzing bitcoin markets; because only for the people who has been into such analysis for longer experience might be finding it is not difficult and profitable regardless of how wildly market is swinging these days.

If your time permits, please share about your profit percentage in recent times which are made only through your own signals.

Quote from: cryptoboss2020 on October 06, 2020, 11:26:52 AM

so its getting more difficult to analyse prices do you guys dont think that market is more un predicteble then before?

I am always seeing some people are always blaming market volatility whereas good profit level is purely depending on your own accuracy in generating your signals. Market is always unpredictable; no changes happening to this nature regardless of world events nor how many people are participating in trading. Yes, it is always a mystery for all traders.

Topic: it seems to getting more difficult now to analyse cryptocurrency prices (Read 948 times)