Post
Topic
Board Speculation
Re: how to predict bitcoin price increase or decrease?
by
BusyBeaverHP
on 07/11/2017, 14:18:09 UTC
I don't think there's any certainty about the rise in bitcoin prices, because the forecasts are sometimes right and sometimes not.
I myself predict the approximation of bitcoin from the activity around it, for example There is a fork or can be seen from bitcoin volume, If the amount increases, the price is expected to rise, and vice versa.
There really is no way to know when a pump or dump will happen but there are somehow some exceptions like having a good and bad news about bitcoin that will affect it. And currently the price increase could possibly be an affect of an event that will happen soon. Anyway, I too base my forecast by waiting for a settles in a pumping coin and sell it cause for me I know that it will dump in days to come which is sometimes right and sometimes wrong.
totally agreed. it is pretty much paradoxical matter. I think you should now try to predict market, you should just see where market turns. I don't really know how to explain by writing like this, I may prepare some videos about it as there are a lot of questions going on in this topic. so if I summarize, we will never know where market swings, we can only know when it swings. so rather than trying to predict, we should open our eyes and see where we should go.
Yes that is right that it is not possible to predict about the price of bitcoin. But we just analyze the price using different ways. I try to get the prediction of expert people which is for most of the time proof as correct.