Determining the peak price of bitcoin is very difficult and only few investors can really predict it's peak price and not everyone. I am also interested in determining how we can say that it is the peak price of bitcoin so we can start to dump our investment and gain a good amount of profit.
In my case, what I am basing is the dump instead of pump. If the market is starting to dump their investment consecutively then I can say that the peak is this price but it's still very complicated in order to determine correctly the peak price of bitcoin and other crypto currencies.
Topic: The peak, how it is determined? (Read 408 times)
What’s the peak?
~
Are there some "special" circumstances assisting people to think like that (there won’t be a pump further)?
you can tell the price was at its peak after a significant drop that last for awhile ~
Are there some "special" circumstances assisting people to think like that (there won’t be a pump further)?
so the peak is known only afterward not before or ontime, it is confirmed by a sizeable price drop
you can only guess its peak and a possibility of price drop when the market is overbought
too many sellers than buyers, buy volume is decreasing overtime, and other technical analytical stuff
A short answer: the peak is determined once the first large holder decides to cash out such that it influences other holders to want to cash out.
The bigger the dump, the more likely it is the peak.
The bigger the dump, the more likely it is the peak.
For us to know the peaks we must understand the money flow indicators like Macd, volume and chaikin-Osc. The for going indicators do measure the inflow and outflow of funds into the cryptocurrency market and we can easily measure the pick by knowing how to professionally interpret them in combination with candlestick formations and patterns. The are some ma cross that we can also used to understand the state of them , however, it is lag indicator.
Determining the peak is mainly based on technical analysis in trading. When I look at the Bitcoin chart I am sure Bitcoin will continue to appreciate in a long cycle. Bitcoin has achieved very good stability at present and is accepted in many major trading platforms. Based on the needs of the current market we can anticipate that Bitcoin will continue to rise in price.
I agree with those who are skeptical about the peak. If by peak you mean the maximum Bitcoin will reach, then it's truly impossible to determine. We can only have a current ATH, which is a matter of fact and can be easily found. But the new ATH can occur, so the actual maximum Bitcoin reached would change. And I guess there's another thing we could reasonably determine: the maximum value of Bitcoin. Especially if we're talking about the maximum value for a specific period of time. The estimated amount of money in the world is $36.8 trillion. If Bitcoin replaced ALL the money, it would be worth about 2 billion dollars per coin. That, however, is not an absolute limit, since the amount of money increases.
Peak is like a mistakes in life, we will only see it when we realize our mistakes.
In the crypto market, the peak is where the highest price of bitcoin plays, and we will only see that if the market gone bearish for a long time, just like last year. However, we can make our speculation as that's the normal thing here, if you do that, that means you are not greedy and you know where to stop and cash out.
In the crypto market, the peak is where the highest price of bitcoin plays, and we will only see that if the market gone bearish for a long time, just like last year. However, we can make our speculation as that's the normal thing here, if you do that, that means you are not greedy and you know where to stop and cash out.
The peak is determined mathematically and statistically. Mathematics (and physics) is the science of the nature.
Say that you have some goods that you want to sell. Example plumes. When it is summer you have many plumes and you sell them for a lower price. When winter comes, you have less plumes and you increase the price. You can not increase the price too much because people will not buy from you.
This is what happens in nature. There is an average and a deviation of the prices (say) from this average. 97.8% of the events happen in 2 standard deviations from the average.
When the bitcoin price has increased (gone up, appreciated) in 2017, it had gone to approx 3 standard deviations from the average value. In 3 standard deviations 99.9% of the events in nature happen.
When the bitcoin price will start to increase (to go up, to appreciate) very probably in the fall of 2019 the peak will be (probably in 2023) approx 3.1 standard deviations.
Prices start to increase in the fall, because winter comes.
Say that you have some goods that you want to sell. Example plumes. When it is summer you have many plumes and you sell them for a lower price. When winter comes, you have less plumes and you increase the price. You can not increase the price too much because people will not buy from you.
This is what happens in nature. There is an average and a deviation of the prices (say) from this average. 97.8% of the events happen in 2 standard deviations from the average.
When the bitcoin price has increased (gone up, appreciated) in 2017, it had gone to approx 3 standard deviations from the average value. In 3 standard deviations 99.9% of the events in nature happen.
When the bitcoin price will start to increase (to go up, to appreciate) very probably in the fall of 2019 the peak will be (probably in 2023) approx 3.1 standard deviations.
Prices start to increase in the fall, because winter comes.
It's been a long time since Gold entered human life. Is anybody among us still able to predict the peak of gold? It's impossible to make such a guess for Bitcoin.
Look at the gold price charts and see them for yourself. Not that it matters much, as they are relatively small or take a longer time to develop. Everything on the market has peaks and valleys, there is no such thing as stableness, especially given the thing you use to measure such, isn't stable in the first place. Fluctuate less, but its not a straight line.
It's been a long time since Gold entered human life. Is anybody among us still able to predict the peak of gold? It's impossible to make such a guess for Bitcoin.
The peak is a lot more difficult to predict, than the lowest price. While the peak is purly speculative, you can put the lowest possible price at about 20% lower than production cost. This is where some miners will shut down their operation and difficulty will go down.
The most correct answer is that nobody can accurately predict what the all time high would be, because there are too many factors influencing the demand and supply. Also throw into the mix all the FUD and misinformation and hype that are pushing the price and you have a recipe for disaster. 
I normally look for a big pump in a Bull market and when it starts going down aggressively, I immediately sell some coins to take some profit at the near the peak price. It might or might not be a Bull trap, but I still make some decent returns on my investment by doing this.
I normally look for a big pump in a Bull market and when it starts going down aggressively, I immediately sell some coins to take some profit at the near the peak price. It might or might not be a Bull trap, but I still make some decent returns on my investment by doing this.
Are there some "special" circumstances assisting people to think like that (there won’t be a pump further)?
As the market is based on speculation, one thing you have to understand is that everyone is affected by the good news coming around, classic example the the CBoE and CME bitcoin future contracts offering last December 2017. Prior to that news, the market is already in a massive bull-run, however, that news really push the price to a bubble that's why we reach all-time-highs, and unfortunately followed by an imminent bearish market, because the price can't go on a parabolic rise.
You already know about the demand and supply and hot it affects environment now you should understand that everyone have their own personal style of thinking.
When bitcoins is going up and suddenly it jumps up to a value that people have never seen before , they start to encash .
The time where most people starts encashing is more or so the average peak , then it falls down and people start to encash more and more .
And then finally it is at a low.
I think peak is nothing but a fictional thing but ! Circumstances make it so.
When bitcoins is going up and suddenly it jumps up to a value that people have never seen before , they start to encash .
The time where most people starts encashing is more or so the average peak , then it falls down and people start to encash more and more .
And then finally it is at a low.
I think peak is nothing but a fictional thing but ! Circumstances make it so.
The peak decides by the moment what? More people assume that “there won’t be a pump further”. At the moment, people stop buying Bitcoins, demand reduces and price gets down…
yes, if it were a "pump" then you could be correct. people decide that the "pump" has come to an end and they stop buying and instead start "dumping" their coins to take their money out and price comes back down to below what it started.
BUT "rise" and "pump" are not the same thing! a pump is a manipulation where price rise is fake so it can not be sustained and it comes to an end and drops inevitably. but a (normal) rise that is based on real demand is very different, there is nothing fake about it and people don't just stop because they think it is the end. the "rise" is showing the market growth and the fact that more money is coming in and that money is not just going to flee. in fact people are selling all along the rise but the reason why price rises is that more money is coming in than the money that is existing through their sells.
Gut feelings or potentially an important sell the news event. More than that there isn't.
I find it quite funny how people on social media after a pump from the bottom or a dump from the peak, always pretend to have sold the perfect peak or bought the perfect bottom. Most people who do end up buying or selling do that well before the actual bottom or peak is in. The same applies to all the technical analysis bobos that pop up pretending to have predicted everything.
The only way to increase the chances of buying the bottom or selling the peak is to buy/sell fractions per time. If you do that long enough you'll eventially be very close to a perfect entry/exit point.
I find it quite funny how people on social media after a pump from the bottom or a dump from the peak, always pretend to have sold the perfect peak or bought the perfect bottom. Most people who do end up buying or selling do that well before the actual bottom or peak is in. The same applies to all the technical analysis bobos that pop up pretending to have predicted everything.
The only way to increase the chances of buying the bottom or selling the peak is to buy/sell fractions per time. If you do that long enough you'll eventially be very close to a perfect entry/exit point.
Only way to predict the peak is in hindsight, however if you look at the weekly charts and do basic analysis of those you will see when you should get out so it doesn't go down further.
When the peak was hit in 2017, everybody was buying the dips in 2018 however what the smarter traders noticed was that it kept making lower highs and usually kept hitting the 61.8 fib and heading back down.
So the writing was on the wall that $6K would eventually break and cause a huge sell-off.
When the peak was hit in 2017, everybody was buying the dips in 2018 however what the smarter traders noticed was that it kept making lower highs and usually kept hitting the 61.8 fib and heading back down.
So the writing was on the wall that $6K would eventually break and cause a huge sell-off.
You don't know where the peak will be. It's impossible to predict. People who do pick prices they feel we will rich and then some are right and some are wrong.
Technically a peak is confirmed when the price crashes from it. There's no other way to do it. When we are sitting at some high like 20 thousand there's always a chance that we will go higher.
The most popular way to predict another peak is to measure the previous exponential rises or drawing trend lines. Both aren't 100% accurate.
Technically a peak is confirmed when the price crashes from it. There's no other way to do it. When we are sitting at some high like 20 thousand there's always a chance that we will go higher.
The most popular way to predict another peak is to measure the previous exponential rises or drawing trend lines. Both aren't 100% accurate.
So, my question is,
Are there some "special" circumstances assisting people to think like that (there won’t be a pump further)?
Are there some "special" circumstances assisting people to think like that (there won’t be a pump further)?
That "special" circumstances varies per person. People have different approaches and preferences to think that a certain price level can be considered as the peak price. They also have different certain factors in determining whether to stop buying or not.
Once you play on the market especially in the short term trades regularly, you will be used to analyzing every price trend. Therefore, thinking possibilities like for example, there will be no pump after reaching $**.***, is quite not that difficult to determine once it reached a certain different factor set by a person.
Hmmm interesting topic I've been into trading and been reading and watching trading tutorials but until now I can't figure out how to jump out and sell at the highest price of the day, I've tried that before and succeed but deep in my mind it's really a luck since I don't have any analytical studies conduct and just came up in my head to sell my coin.
I'll try to read here more about their strategies and ideas about how to determine the peak price of any cryptocurrency in the market.
I'll try to read here more about their strategies and ideas about how to determine the peak price of any cryptocurrency in the market.
Jump to: