Topic: Newbie chart analysis over past 1 Year (bitcoins) (Read 313 times)
Well let's start the issue from last year you would no there was a decline even at the beginning of the year but earlier this year there was a bit considerable stability but the price was steadily reducing but from November the turn was a rapid drop down in price but this moment has seen a bit shift to the positive side
If you wanna fail woefully in trading,then trade based on expert analysis or so called chart study,you will either end up losing a whole lot of money or in the end realizing(probably when it's too late)that the market is unpredictable.
You'll have to Stay longer in here and also be patient to reap future rewards
You'll have to Stay longer in here and also be patient to reap future rewards
Like @Kakmakr said, if the price pattern is so easy to find, then everyone is rich today. Sadly, the price will fluctuate beyond your prediction, moreover if your prediction is only from one-year historical data.
A 1 year price analysis will read like a nightmare novel for most "newbie" investors now, because we have seen a sustained drop in the price since last December. 
Expand that to a "All time" chart - https://www.blockchain.com/charts/market-price?timespan=all and the picture looks a lot better, because the price still went up from $0 to what it is now. <$3800>
The point I am trying to make is this.... Bitcoin is a long-term investment and not the typical 1 year "Get rich quick" investment plan, so rather look at the bigger picture.
Expand that to a "All time" chart - https://www.blockchain.com/charts/market-price?timespan=all and the picture looks a lot better, because the price still went up from $0 to what it is now. <$3800>
The point I am trying to make is this.... Bitcoin is a long-term investment and not the typical 1 year "Get rich quick" investment plan, so rather look at the bigger picture.
Who makes money from the purchase?
Didn't really get your question, are you asking who get the money when you buy coins in Coinbase? The money will go to the seller account after fees have been taken out from your trades.
If i buy 0x at Coinbase does coinbase make 100% profit selling it?
How does the 0x team get their cut?
How does the 0x team get their cut?
No, Coinbase doesn't sell coins, traders are the one who did that. 0x team or other projects team doesn't get any direct benefits from your trades. But they can, of course, sell their own tokens on Coinbase or other exchanges.
I suppose my questions are just super newbie chart analysis stuff. Can somebody draw it out and comment on the 1 year chart for bitcoin and tell us their opinion and show where it stabilized and where it shows any signs of changing into a new bull run?
There is a lot of charts out there about Bitcoin price action, you can google "Bitcoin price analysis" there will be a lot of charts, but mostly fail to predict accurately. I'd rather spend my time learning basic trading analysis before I read those charts.
It's fact that no one can predict the price and the chart is for your guide on what to do next or to predict what happen next but don't forget that risk of losing money is always there. Don't believe experts on what they say about the price from time to time because it's only an opinion or their own prediction.
I suppose my questions are just super newbie chart analysis stuff. Can somebody draw it out and comment on the 1 year chart for bitcoin and tell us their opinion and show where it stabilized and where it shows any signs of changing into a new bull run?
Looking at the chart for BTC over 1 year since it went nuts and was up to 20K
if you break the year down into 3-4 segments, whats happening?
if you break the year down into 3-4 segments, whats happening?
Again, its because a lot of irrational investors came in December but all signs says that we have reach a the bubble already.
Is the september til november a "floor"?
More likely November - December.
Is from Jan 2018 until august "stabilizing"??
What do you think?
What do you think?
Did you mean 2019 though?
Hard to say, maybe its going to be a period of accumulation leading to another bull run in 2020, but we really can't tell.
I need to get organized.
Well if there is one thing the OP needs to learn urgently is to avoid unnecessarily several line spacing in his post it makes your work look informal. Like you have been told from previous reply analysis, prediction can be incorrect and can also be misleading
Let me ask a total newb question again
Lets say i go to coinbase and buy some 0x mmmkayy
Who makes money from the purchase?
Other then some transaction fee
If i buy 0x at Coinbase does coinbase make 100% profit selling it?
How does the 0x team get their cut?
I ask because everybodies been talking about how 0x is set to perform wildly the best
Thats why im getting in before the next monster bull run!!!! 2019
Lets say i go to coinbase and buy some 0x mmmkayy
Who makes money from the purchase?
Other then some transaction fee
If i buy 0x at Coinbase does coinbase make 100% profit selling it?
How does the 0x team get their cut?
I ask because everybodies been talking about how 0x is set to perform wildly the best
Thats why im getting in before the next monster bull run!!!! 2019
As said above, no one really knows. Problem we have, it went 'nuts' without any real big usage or catalyst for a bull run. Although it is crazy to think right now that we had a 20K BTC without being able to spend it in a shop on a coffee.
Adoption is required. Let it do it's thing.
Adoption is required. Let it do it's thing.
If there's anything you can learn from the predictions of various so called "experts" this year, you literally can't predict crap in the markets. Novogratz called $5000 or $6000 the "floor". And guess what happened? Boom, $3200. And about stabilizing, people thought bitcoin staying at $5000 for months is "stable". And guess what happened once again.
If there's anything to learn this bear market, no. one. knows. what's. going. to. happen.
If there's anything to learn this bear market, no. one. knows. what's. going. to. happen.
What about the newbies? We need to learn too!
Newbies are not restricted in Bitcoin Discussion section. You can read threads, post replies and do every thing in that section as well. So if your thread gets any replies from there, it is you or any other Newbie who reads them who are learning from them.
What about the newbies? We need to learn too!
For now, I think this thread belongs to Bitcoin Discussion section since it is discussing about Bitcoin in general and has nothing to do with help or anything like that.
You would most likely get your desired replies along with a little or a lot of spam in that section. You will get your desired replies because people willing to discuss things about Bitcoin mostly visit that section, and spam because people looking for threads to churn out their useless thoughts also camp in that particular section a lot.
You would most likely get your desired replies along with a little or a lot of spam in that section. You will get your desired replies because people willing to discuss things about Bitcoin mostly visit that section, and spam because people looking for threads to churn out their useless thoughts also camp in that particular section a lot.
Looking at the chart for BTC over 1 year since it went nuts and was up to 20K
if you break the year down into 3-4 segments, whats happening?
Is the september til november a "floor"?
Is from Jan 2018 until august "stabilizing"??
What do you think?
if you break the year down into 3-4 segments, whats happening?
Is the september til november a "floor"?
Is from Jan 2018 until august "stabilizing"??
What do you think?
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