Ninjastic
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Board Trading Discussion
Re: How do you estimate the value increase of bitcoin?
by
roadbits
on 22/02/2017, 18:08:53 UTC
Quote from: Vaccinus on February 22, 2017, 04:33:48 PM
Quote from: traderMax on February 21, 2017, 09:24:32 PM
Quote from: Finestream on January 25, 2017, 02:40:53 AM
Quote from: traderMax on January 24, 2017, 08:14:16 PM
Bitcoin price is not fixed. The price of bitcoin has a high fluctuating structure.
Can you predict the increase or decrease in bitcoin price?
Of course, we can predict the price of bitcoin but not the exact price. That is the job of the traders to predict the price as every right prediction will result to income on their part, there is no specific information that we could use as a basis to see the right price movement but what I am basing is solely on the news that will come up, if it's good news then it will help the price increase while if it's bad the opposite will happen.

Is it only right to estimate price by following bitcoin news? So if there's good news about bitcoin, everyone thinks that the price of bitcoin will increase.

Are technical analyzes like Forex markets valid in the bitcoin market? Are there parameters that affect the price of bitcoin?

yes and isn't this the same with forex also? when brexit happened the euro collapsed, here is the same you buy the rumors and sell the news, a rumors always indicate hype and huge buy pressure, when the rumors fade away the confirmed news is a sign to dump, it's the same everywhere not only in the bitcoin market
Exactly one rumour will change the product value in a single day that much capacity has in news media. But even I also clearly don't know on which basis the bitcoin price will change. I gone through many articles but not find an exact answer. Maybe it will depend on how many transactions will be done by per day, and i am not sure it's just my opinion.