Quote from: pakhitheboss on February 20, 2020, 08:37:03 AM

Quote from: techptcl786 on February 20, 2020, 04:59:44 AM

at that time still unsure whether bitcoin will boom or bust, how to analyzed the market from a different perspective ??

If analyzing the Bitcoin was that easy then everyone here would have become Bitcoin millionaire. I am not saying it is not possible to analyze, what I mean is that it is very hard to correctly analyze Bitcoin's movement because of its volatility.

What do I do?

Check historical data to understand the upward movement but not the downward. Check technical analysis to predict the downward movement.

None of them will give you an accurate picture but, it will prepare you to analyze the future movements of Bitcoin.

precisely. It's just flat out hard for people to speculate on the price of bitcoin because of it's high fluctuation rate. But that doen't mean that you can't get valuable insight anymore from reviewing graphs or recent trends. These can still give yo valuable first hand information on how bitcoin came to be what it was now and what it could possibly be with the increase trends and downward trends kn the market. Frlm there, you can create a thought process that allows you to have a glimpse of an idea on how bitcoin works and what bitcoin is as a whole.

I was once one of those people who thought bitcoin's price can be predicted and I followed some people's advises and stuff when starting here in this industry. I lost a few hundred dollars, but it was a good lesson for me at the very least that tells me I should do my speculations on my own as much as possible. That's just a tip for you.