Quote from: N-gen on January 23, 2018, 03:27:22 PM

well, this is one piece of information that can help me to trade, because in this case, I still do not really understand, I want to know your prediction for bitcoin this year? is it true that bitcoin will touch the price 500.000 USD within the next 2 years?

If you are interested in predictions that far in the future, I have to tell you that I cannot predict it. And I am completely sure that nobodyis able to make predictions for a timerange that large. If you make such a prediction just based on historical data this wil not work because the price is influenced by much more that just the price history. If you just assume that Trump will twitter "Trading Bitcoin will result in jail", or if the European Union will forbid Bitcoin trading, it will crash and I think it will never come back. And if you go to even longer timeframes, you have also to think about other things. E.G quantum computing could raise huge problems, .
making Bitcoins unsecure. But yeah. If e.g. the European Union tells that Bitcoin will be officially allowed as currency, there will be an immens rise. These are extrem news, but I hope you get what I wanted to explain. I try to quantify the news to make reasonable trading decisions.

I try to get a solid idea about how the cryptocoin will perform in the near future, not more than one day. This basically means that if it should rise, i buy. And as soon as there is a solid reason based on news and historic prices it will drop, I sell.

If you just want to buy and hold cryptos, you dont know what will happen. Until now, Bitcoin recovered from every crash. And yeah...maybe it will never collapse. But if someone tells you that he is 100% sure it will never crash, he is definetely lying.

My goal is to make reasonable trading decisions