Post
Topic
Board Speculation
Re: How to predict Bit coin price.
by
Wysi
on 19/10/2019, 19:40:14 UTC
Any body here now how to predict bitcoin price. Or is there a hint how when to buy and when to sell bit coins. Or how to make profits on buying and selling bitcoins.? I want to try buying and selling crypto currency.
First of all, there is no certain or assurance method to predict Bitcoin price since it relies on the law of supply and demand. However, analyzing its chart with the help of indicators and other tools can help you determining its price movement yet you shouldn't be too confident using that since its future price might satisfy or meet your analysis thus you will have to apply the risk management.
From the very beginning, there's no accurate on the prediction of bitcoin price. I agree having technical analysis could help to determine the indicators, it would rather give help. But above all, studying the market is necessary and let's should not rely on others. Also always know the risks in crypto that prices are volatile.

Predictions by the experts are always missed. There is no one to guess the actual bitcoin price, it's true that you mean I would rather analyze myself about the price of bitcoin and see from the graph I never rely on anyone else because it's far from reality better what I do it true if missing is not a problem for me.

First time I have come across such upfront answer about so called baseless predictions as it never hits anywhere near the bulls eye and misses it by miles. But it's time we start our own research with the news which might affect the value of bitcoin and then plan accordingly, we cannot entirely blame the experts for their prediction as the market is unpredictable and they are trying to help us by trying to predict whatever they can on basis of their knowledge which used to work in the past.