Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Predictiing Cryptocurrency price.. Is it possible?
by
LUCKMCFLY
on 03/03/2019, 19:59:20 UTC
Quote from: Chomsy on March 03, 2019, 07:54:54 PM
Quote from: vlad230 on May 30, 2018, 12:41:12 PM
Quote from: Emmax on May 30, 2018, 12:33:49 PM
As you know, the cryptocurrency market can see huge changes in a matter of few minutes, making it very unpredictable. However, there are some fundamental factors which can influence the prices of any cryptocurrency. Prediction of Cryptocurrency future price are base on two factors 1) Historical price trends 
(2) Historical volume trends. So,  there can not be a single and concrete prediction of any Cryptocurrency because of the very nature of cryptocurrency.

What is your view about Cryptocurrency price?
Yes, you can observe some patters that people follow and this will help you make some presumptions on the price (not calling it predictions since that means it needs to be true at some point).

Some patterns I've noticed are around major events like tax days, celebrations etc.

Does following patterns actually work? I have always seen predictions as a way some people rob others of funds in the name of giving signals and sorts. If it really works, then I have to put on my learning shoes and get to work.
What really works is that you start reading books of speculators and investors, not of technical analysis as such, where they teach you to understand the market, in those books they will talk about patterns, fundamental analysis, why they fail. That way you will have your own arguments to believe or not what they can tell you.