My opinion is the same as yours. In encryption, you can't predict whether the price will go up or drop. It depends on too many factors. For example, policy, investment and access funds, etc.
Topic: why bitcoin is still unpredictable. - page 6. (Read 1047 times)
Bitcoin is not predictable for ordinary people. for people who have been on the market for a long time and know how Bitcoin behaves, they understand where and when the price will go. they already know how those who control the market think
This all still has to do with the BCHSV and BCHABC battles so that the prices of bitcoin and other altcoins are still difficult to predict, there are still many discharges made due to the fight of the two coins, this really makes investors afraid
When people's intention behind investment is to become overnight rich or to earn very high rates of returns; there no one is able to predict what way the price will move.
Speculators are very much active in such markets. They may carry to market to their desired directions. Several others outside factors like economic conditions; Bank's interest rates etc may also affect the price movements. So no predictions can be done.
Speculators are very much active in such markets. They may carry to market to their desired directions. Several others outside factors like economic conditions; Bank's interest rates etc may also affect the price movements. So no predictions can be done.
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.
Because the market is still young and volatile. It is manipulated by big whales, that have bought Bitcoin for several cents and they are now trying to reach the deepest point and to drop people from the market to gain higher profits for themselves.
Because a very large number of BTC coins are in the hands of a cartel, which now continues to buy a very large number of coins, and these manipulations with the market are definitely being done for a reason.
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
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