Topic: why bitcoin is still unpredictable. - page 3. (Read 1047 times)
all depends on the law of demand and supply, so I think bitcoin is still very difficult to predict, especially the nature that is very different from the stock
While the crypto-currency market will have such a low capitalization, in which it's possible to concentrate a huge amount of digital currencies in the hands of one person or group of persons, the market will be so volatile, there is nothing we can do about it, we just need to learn how to earn on it, rather not to be greedy , take any profit, and not wait for the price to go to the moon , because it can not fly there and fall very low. 
I think there is only one reason why the price of cryptocurrency cannot be predicted, because no one can predict when all investors will choose to sell their cryptocurrency!
In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa
what makes it predictable is because of the people involve with it such as traders, hunters and customers who exploited this tech. More and more people uses this tech like it has no consequences. when more people became irresponsible the more the market will be unpredictable. I think its a matter of instinct and guts for us to gain from it.
bitcoin has always been unpredictable but only in short term. they can always manipulate the short term trends but there is nobody that can change anything about what happens to bitcoin in long term.
and it is simply because the adoption is not something that they can prevent. it will happen and because of it the price will continue to go up.
and it is simply because the adoption is not something that they can prevent. it will happen and because of it the price will continue to go up.
In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa
That is indeed how the cryptocurrency work. Also that is the reason why crptocurrency are unpredictable, that is because every people has their own way of thinking and there is no regulation to manage that price fluctuation when many big investors sell their coins.
Bitcoin now is predictable since bitcoin is following the usd trends. I hope the developer of the bitcoin will take a new decision.
It's not "still unpredictable" but "never predictable". If everyone can predict the market, it will be not "the market". Maybe someone have a right prediction, but whether they are right with 100% in anytime. And I see all predictions are a FOMO or FUD behavior.
I agree. Market is never predictable that is why we buy and sell the product at the right moment that we could gain profit. We are playing with the risks of investing. This unpredicted price makes it volatile for us to gain from it which is worth everytime. Not all the time prediction is right but sometimes make us lose. 
Broadly speaking, not only in bitcoin, almost all cryptoqurency cannot be predicted correctly. I think because BCH fork has something to do with current market prices, moreover I see negative news about crypto more and more popping up, it also includes hampering the development of prices in the market.
Fortunately, bitcoin can't be predicted. If this is a predictable market then we won't have too many opportunities. Now that we are still in the early days of cryptocurrencies, we still have a chance.
Because bitcoin has a lot of speculative properties, it is not so stable. Before it is fully exploited, the price of bitcoin will always rise and fall with the manipulation of funds by investors. This cyclical phenomenon Very random, so the price of Bitcoin is unpredictable.
I also don't know what the main reason for bitcoin's unpredictability is now, and even today bitcoin and other altcoins are still unpredictable, maybe later with the market recovery, bitcoin and other altcoins won't be difficult to predict anymore, it's just not anyone knows when market recovery will happen.
I think an unpredictable market would make it more realistic not less. If everyone knows whats going to happen thats when the dynamic is probably false. You can check more info at https://www.youtube.com/watch?v=2m6efyYFEWA
If bitcoin is predictable then many will be rich already. Anything that connected into investment is unpredictable I guess. This is a simple realization that do not need to answer as one should have the common sense to get it.
In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa
Bitcoin for all investors is the last stronghold before being transferred to a cash asset. But unfortunately so far it does not work and is practically not used for the holding. Let's wait a bit for the market to finally come to life. I think there are a still some whale bitcoin holders with a huge amount of BTC and they still could manipulate the market, it will not last for a long when capitalization rise they couldn't do such things
well I agree. and I also don't like people with BTC capital that many can do as they like, but that reality is happening now. so the time to go up is sure to come, it's just that all we can do is HodL and be patient In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa
The price of the bitcoin is base on the supply and the demand in the cryptocurrency market. I can say that the price of the bitcoin is predictable through the use of technical analysis. There are a lot of tools that we can use in order to predict the price of the bitcoin. 
The instability of bitcoin now, in my opinion, is due to several reasons. One of them, the" youth " of the market, the other, I agree with other participants that includes a lot of money, so they play on the decline sharply, because the amount of bitcoin is limited.
the uncertainties regarding any new asset class is huge. and bitcoin/crypto is one of the newer asset classes to hit our financial history in recent times... hopefully, as more ppl own/use it, its value will stabilise, just like gold did...
The market is still young,we can say is in progress, then we have so much manipulation going on with crypto market,I believe with time the market will grow mature.
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