Bitcoin Forum

Since BTC price is important when it comes to trading, how do we know whether its price if going to slightly drop or go up a bit within the day?
I feel like I need to learn this while i get to now be trading altcoins regularly.

you can predicit the comming price by studing the candle stick graph but as noting is 100% sure so it can sometime not work well so you have to see more than one graph while trading as i am not a trader but still i will advice you to look on those red and green sticks in the graph

You can't.

There are theorems to do this to increase your chance of getting it right, but generally, you can't.

You can't. If you could successfully predict whether the price goes up or down even 51% of the time on a permanent basis, with the proper application of math (making trades in appropriately small amounts to avoid a bad run) you would become the Warren Buffett of bitcoin.

Sometimes you can follow what its going to do just by keeping an eye on it, For example when the last pump occured it was gaining good amounts every friday without fail but before tha everyone would dump on a friday. Whatever you do is going to be taking a risk unless you have inside information that some whale is going to buy massive amounts (or sell). For now since we are fairly stable you could probaly watch it for a few days and see roughly where it bottoms out and where it tops out then decide if you want to risk buying and selling at those amounts. Theres not much easier a way to do it.

there are traders that like to follow the money and when they notice it moving they jump on board and try and ride the wave for a small gain. Really there is no sure way
just like with the stock market unless you have some sort of inside info there is not 100% way of knowing. Even with charts and graphs there is no guarantee that will do
what you think it will because of past performance.  The best bet is to trade for long term and not worry about the daily swings.

no one know when btc price up or down it's happen automatically.. :P :P

I can only predict by looking at and studying charts. but it also does not guarantee my prediction is right, what is really going up or down.

see the trading trends, if there's a buy trends so the price will rising high,and if there's selling trends the price sure will go down,but you need to keep an eye almost the whole day to make this method work because price rising and price falling sometimes happening suddenly and it'd took a short time so the key is patience

i just look at the chart on the market of bitcoin by watching candle stick mode and take a look at sell and buy position, also i open huobi chart and take a deep looking at the chart. oh yeah, btw, you can use btcwisdom for your study, its good start to see btc market.

my prediction is not always, sometimes i made mistakes on predict but never mind, i still on learning to read the chart of candle stick.

iam predict price bitcoin use indicator meta trader 4 and waves candle stick
not accurate 100%, because nothing people predict price bitcoin always accurate 100%

If you want to know if the price as gone down or up you can just search for some website that provide you with Bitcoin information.
Then you can see a diagram if the recent drops and rises, look it up.

you know it's just past statistic which unfortunately can't being used to predict the future,and almost all of the news about price is just shitty speculation and unreliable,which comes to the conclusion bitcoin price can't be predicted it's just about luckyness

you are practically asking us to teach you technical analysis and all other things related to trading. but that would require a long course with at least a hundred pages of reading material so that you can understand how you can speculate that.

and in the end after learning all that you have to learn that all you learned so far have exceptions that can't be defined by any rules!

simply, no one can know the price movement. people depend on their speculations which is usually based on news or the chart analysis and the support and resistance points in it

I use blockchain wallet there we could know about the price of btc in dollar that I am holding so this gives me a good idea about it.And I use coindesk for the exact price if I wanted to know for me it’s the best site which gives price of bitcoin every moment

Its hard to really catch the exact strategy to determine whether the price will go up or down. All you need to do is just the monitor always and wait for a significant change in price then you do the trading.

Some based it on the recent price chart, but for me, it's just a matter of prediction. No one knows what will be the exact price nor it's movement. You are just lucky enough if you got it right (decrease or increase). That's why there is always a risk because you don't know what will be the result. You can just follow your mind or maybe your heart when it comes to predicting. Luck and hope I think.

In trading, I think it depends on the price when you sell or buy. If you buy at a low price and then the price increases afterwards, then you can sell and earn. Well, since I don't trade often, I'm not predicting the price movement, I just wait for the price to go up or down based on my past trade(I used it as my basis).

it is so hard to know this in bitcoin, it may be easier to know for any other thing but not for any of the cryptocurrencies because the market is smaller and it is mostly being affected by the hype and things like that so prediction is that much tougher. you can only guess in the long term of things not daily.

It is difficult to predict when BTC price goes and goes down, need to have some chart and study the flow pattern of bitcoin , always best thing is buy BTC at lower price by comparing old history chart and flow pattern of bitcoin and sell it when price goes high,even while trading also same thing applies :)

actually is i was never know when bitcoin will going down or rise up and i just try to predict the prices even though my predictions will not always good but during i'm use my local exchange i have the benchmark prices if from other exchange the prices going down i would buy and holding my bitcoin because usually different prices from my local exchange and other exchange approximately $5-$10

Nobody knows when bitcoin price will go up and down, because it's not controlled by you.
When you are trading, sometimes you win and sometimes you loose.

At first you need to learn technical analyzes and other things that relate trading. You need to learn trading skill to shorten the risks of loose while trading.

if we all knew when bitcoin price goes up and down then we could all be super rich or super poor because everybody would have been doing the same thing. so always some people have to not know and decide the wrong way so that some other people can make a profit because they made a correct decision.

You can predict or speculate price the possible movement thru observation of the  candle in the graph but not the exact movement.  You can analyze it too thru observation of the Volume of Buy wall and Sell wall.  If there is heavy buy wall and thin sell wall, the possibilty of bitcoin to move up in price is huge.  But still there are always variable in everything.  that variable can either be with your prediction or against your prediction.  So yeah youu can predict the possible movement but not the exact movement of BTC price.

Its very good idea to become mutual with great dealers to go for a hunt in tradings but its very hard to trust such automated trading bots as they are only well programmed and they wont be well aware about current situations then humans will :)

nobody knows if its going down or up, but you can look graphs, news, development, new services and other stuff that will PROBABLY attract more investors.
more investor=more "buying force" = pump coming.

the opposite = dump coming.

i guess that is the million dollar question, that anybody who can answer it first of all will not share it with others and second he will be rich.

but the simple answer is that the price is changing based on supply and demand so you have to find the reasons why this balance between supply and demand changes so that price moves in a specific direction because of it.

Only very experienced traders could predict the market movements of Bitcoin consistently on a daily basis and I think there is a close-knit group of traders who have inside info coming from the big whales who actually make the price move up and down. If you can't get a whiff of any inside info you are pretty much making wild guesses and that is not a sure way of securing profit.

There is no predefined way to determine the bitcoin price movement. No one in the world can tell you for sure whether price will move up or go down.

It is like any other stock market and drives in the principles of demand supply. When the demand is robust, the price is expected to move up and vice versa.

Technical analytics can tell you the possibilities, but can't recommend you or guarantee you about the price movement.

Well, you can't really predict whether bitcoin's price will go up or down.
It's just a matter of how good your sense of prediction is. I am a trader myself and I'm pretty much always taking the safe approach. I usually check at the charts and see where bitcoin is usually stabilizing and set that amount as the bar to whether buy or sell.

It's impossible to know and whoever is claiming to be sure is lying, but you can look at the fundamentals and try to guess where the price will be at at a gross estimate of 1 to 2 months, and the uptrend is still clear since early January of last year. Other than that.. you can't know about the price movements daily, unless you are a super whale about to buy or sell a lot of it, enough to modify the market price.

I think we don't. The only think we know is when the halving is coming according to what is written in the code.

i think no one can know that. because it is not fixed. it depending on demand and supply. if the demand increased and there is a shortage of supply then surely the price of bitcoin will increase.

If you are asking for short term rise and fall of the price then it is totally unpredictable, no one knows that in the coming hour what will be the price so try to learn other features of trading and while trading you will have to wait and will have to see that your luck favor you or not.

Yeah and if people will start buying again then we can expect higher price in next few days, but there is no guarantee that price will rise as its impossible to predict anything.

I used to use fundamental analysis which can be obtained from news sites like coindesk and others. But if possible I was often watching the price other market and follow the market.

Unless you're a market mover yourself, there is no way to know which way the market is heading to. You can however make use of the repetitive nature of the market lately. The price goes up and down like $10-$20 on a daily basis. It's easy profit for a fairly experienced trader.

Like, this is the most basic question in all of trading--and if anyone really knew the answer it'd probably be illegal.

Dude, you can't know.  No one knows.  There's no way to know unless you're an enormous whale, and then you can splash the price around all you want.  Certain shitcoins work like that, but bitcoin is way too big now.

To be honest I do not know when the Bitcoin is going to rise or is going to drop but I just keep track of it everyday because then I know what is is going on.
But when it will happeb you cannot predict that.

The only way to predict price changes is pay attention to bitcoin related events:

- new BTC protocol upgrades will hit us? price will most likely will go up

- new hyped exchange, service or shop will accept bitcoin - price up

- exchange hack, legal issues, problems with bitcoin network - price down



But then we have moves behind the scenes:

- pumping, dumping schemes of whales

- random shifts of people's attention

- bitcoin as an asset of the month kinda thing etc. and many more...

You can expect certain price shifts based on info you can see, but not everything.

Well, I do not know, feeling like I said it. in addition many people also are predicting that it will happen, so it may be better to prepare for it. if you feel bitcoin prices will go up, then you have to collect bitcoin everything you can, and if you feel bitcoin prices will fall, so you need to hold money to buy bitcoin. so, we can only calculate it according to the circumstances which we have passed, which has almost the same circumstances

literally speaking i don't know when the price will be dump nor it will pump since we can't predict that this scenario will be happening on some certain time from its movement, and even if you're an expert fortune teller you cannot still predict what will happen to it everytime or shall we say everyhour, but if someone can do 24 hour monitoring for the price well i can say they can be the great teller upon predicting those price movements since they can possibly notice the little flaws regarding to the price flactuation of this coin.

trading is down and up is good
if price flat is very bad because can't take profit is price not wave and always flat
bitcoin can use trading because price is fluctuatif

down and up you can take profit if you trading use margin trading

I see few points that can trigger price of altcoin...
- if any alt is trading for constant volume and in lower price range than few months back there is chance of small pump and correction within few days
- if alt is trading in really low volume even below <1 btc and only have price near 100 sat per coin than invest in it before they release some small thing and also sell as soon as pump is seen
- And important is don't invest in shit coins which have dead dev team and also don't have much volume in past and pumping for few days suddenly.
- DOn't sell on low and don't panic buy at peak when coin is pumping.

You cannot.. I also use the and study the charts and from there I take my chances. There are some traders that who can predict it but I guess some of them are using the method that I am doing. There's really no guarantee to it.

you just need to watch the price movement bitcoin. you can access some of the exchange, it is a very easy thing. bitcoin movement will continue to be monitored and also obvious rise and decline.

sometimes even though we could watch the price, but it remains difficult to predict whether the price will go down or up.
for me, I always look at the price movement bitcoin every day. how lowest and highest prices in a few days earlier. then I try to place orders, at prices to suit my predictions and it was good enough to make a profit, although not so much, because bitcoin price movements are not too far away.

Predicting  on  bitcoins  price is  impossible  and  no one  could  able to predict though as a human. If this  case would happen then for sure  many would be  rich  on just doing trading  only. Even though  if you  have the  most valuable  news  about on the market  but still  you wouldnt guarantee that the price would  go that way. Theres  no such thing  like this.

I won't agree with what you said not everyone can predict its price. Actually everyone CAN predict its price since prediction is just an assumption and it may or may not happen. I think what you are saying is that no one can predict bitcoin's price accurately. Indeed, trading is a matter of assumption. You are guessing what value will it reach its peak whether it is pump or dump. And that is the skill that you want to develop if you want to become a successful trader.

i think i will trying to look in the charts on market exchange and i will study about the history, although i don't know much about trading btc-usd, but i think i will get some learn for looking the charts.

Prediction "literally" is  possible. The questioned here is the "accuracy" of that prediction.

Those associated news, trading analyzation, chart readings, speculations or any basis associated with the trades are references of a trader so that they can able to increase the percentage of that prediction accuracy allowing them to plan carefully their next execution moves.

It's really hard to make accurate predictions as to when the price is going to make a surge or plummet. Even so-called experts can't give exact predictions owing to several factors. The volatility will be there for a while, until such time that bitcoin makes it to the realm of consciousness of the ordinary folks around the world. Right now, the price is down again and I really have no idea if this is going to go down even further or somehow recover within the day.

Since the bitcoin is really stable and range the price into $629.9 up and down it just because of traders who really sell and buy there bitcoin from the markerts and if you learn on how to trade bitcoin into altcoins regularly then you can predict what bitcoin really price in the future.

Prediction of bitcoin price is really hard, what you have quoted is the prediction of price increase or decrease in relation to trading strategy. This is one form of prediction but this won't be effective all the time. I believe altcoins doesn't have any impact over bitcoin price, so prediction of price increase and decrease through altcoin price observation too fails most of the time.

Eventually we can't predict or know the right answer if it is going to increase or decrease sometime chart analysis goes but its actually no assurance thats the risky there . Well then if many of the traders know it will increase or decrease there are some many rich traders now. What is see is whatever we do we cant get the accurate to happen we only varies on predictions.

I have never tried to trade. But I think it is logically thing that you have to be on Bitcoin forum and read bitcoin news during the day. If you see some new information about bitcoin you can predict if the price will go up or down. Depends from the kind of news you see on those news on forum. If positive - price will rise and if negative - price will go down. So you can't just sit without doing anything and expect that feeling that the price will start to rise will come to you itself kinda naturally.

Checking the news and development of bitcoin or an altcoin can help a lot in predicting the price movements.

If there lots of investors who really buying bitcoins then there are chance that bitcoin will increase the price and when the investors sells there bitcoins there are chance also to decrease the bitcoin price it always on the demand of bitcoin and it always slighty drop but increase again.

I've seen some exchanges do have some indicators on their charts. which of them works for you and useful to foresee which way the market is going in the next few hours?

many, many ways to observe the price movement bitcoin. it's been a lot of applications that can do that. we can monitor and set bitcoin price movements. This way is very easy and simple. provided the notification feature that can make settings according to your wishes.

I agree seeing price movement thr charts data.  But it is not enough to know whether bitcoin will go up or down within a day.  You also need to see the buy and sell walls.  The daily news about bitcoin should not be ignored too.  People tend to act hastly depend on what is in the news for that day.

i think no one know in advance that either the price of bitcoin is going to increase or decrease within a day and we just use our prediction which some time really prove good.

You never know for sure. I know price will go down for sure when there are big hacks of exchanges.

Knowing whether the price of Bitcoin will go up or down within a day or even within the hour or minute is quite simple really and doesn't take much effort to be honest.

All's you have to do is go to your local Target or K-Mart store and buy a Magic 8-Ball. You will find it in the toy section. If they are sold out, you can get one off Amazon.com just as easily. I won't go into all the technical details of how it works, but just suffice it to say that the great thing about the Magic 8-Ball is that it is just as accurate, if not more so, about predicting the the future price of Bitcoin as anything else available today.

You're welcome.

We can't estimate within a short time if the bitcoin is going to be up or down.

But if that happens I can know it only if at that day happened an exchange hack or something bad happened to the crypto world.

Recently with the bitfinex hack it was known that the price of bitcoin will fall down and we counted the hours or days when it would happen.

we can see the graph in an exchange. look for reliable data and you can see the price movement at all bitcoin exchang we wanted. even some services provide notification delivery to e-mail us.

Mostly you can know it from the events but right now its pretty hard to say if you are asking me because its something that just happen in the sudden.
I think its hard to say how you know it indeed.

I actually did that because I was excited dengna predict anything, especially bitcoin. Well, it would be a lot of games that will emerge and new business in the near future, because soon will terjad turn of the year. Well, most likely, people will turn to the internet to earn income because it may be very easy to do it on the internet. Well, they will use bitcoin for it, so invetasi for akab bitcoin increases, thus making bitcoin prices to rise in the near future

Its very hard to predict either price will go higher or lower and price is moving up and down slowly last few days but I don't think that we would be able to see major pump in price in next few weeks.

You can look at the graph the day before the predict the price of the bitcoin, of course that it not a sure thing that something will happen but most of the times you can get it right on that.

Whatever graph you look at, you'll never be able to spot spontaneous ups and downs. The market has proven to be unpredictable and full of surprises already. Never focus too much on TA because of that.

i think no one know about the future  of bitcoin, and we ust giving importance of some parts of the fiat currency, and hope that bitcoin will give them some good time to invest more and  more money in the world.

You are right no one can predict about this its going down or up most of time we can give guess about this after reading some facts and figuring out some research that its working for more and spreading in better way in near future

What a question! You are trying to predict price movement, that's why trading is like gambling. You read news, watch behavior in history, there is factors that can affect price, look on that. When you finish with all that, you need to guess what will happen next, if you guessed right you made profit, otherwise you lose money, and that is trading for me same like gambling.
You need strategy for trading, and analytic mind to process all informations, remove irrelevant ones and see important ones, but it's hard to find in ocean of informations.

You just try to read the market and learn a few basics about price and where it could possibly go. As you can see from many people that predict the price and speculate, it's not guaranteed that you'll gain money at all with trading, and even less that the price will go where you think it'll go. It's a matter of luck for the most part, and how you react to certain situations; for example, learning to cut your losses. BCT is a nice place to learn the basics about trading if you look at the right places, but it's just a matter of time and experience.

I really dont know even though I wish I could so I just keep watch and hope it will change maybe positive or negative that's one similarity both gambling and trading possesses but with news coming in, historical analysis, analytical review, recent development in addition to hearsay, then someone who has been in the world of trading can actually do that and be certain to a level of percentage but definitely not for someone like me.

You don't. If you're a well experienced day trader, then you can look out for certain patterns where the price is swinging up and down around the same levels all day.

That's one form of day trading, but then still you aren't 100% sure that it will happen once again.

In that regard you can place day trading for a certain percentage in the same category as gambling since you just hope that the price will move in your favor.

Go to your local Barnes and Noble's bookstore...get the self help book "Voodoo for Dummies"

https://i1.sndcdn.com/artworks-000105402258-ppboxn-t500x500.jpg

1) A FIVE gallon bucket of Chicken Entrails.

2) AT least ONE Virgin to bless the above Chicken Entrails. (Should not be that hard  to find on www.bitcointalk.org (http://www.bitcointalk.org) just toss a rock in any general direction you should get a dozen perhaps as many as two dozen to attend.

3) The following to do the blessing. Like all things you need to be certified :) Again the blessing is for the official BTC FUTURE PRICE DEVICE below.

https://scontent.cdninstagram.com/hphotos-xfa1/t51.2885-15/s320x320/e15/11249270_1616527068588978_5124111_n.jpg

Then add the obligatory (now blessed) Ouija Board pictured below to make specific decisions and you should be good to go :)

http://nerdist.com/wp-content/uploads/2014/10/ouija-970x545.jpg

Enjoy :)

I agree with you, when you analyze the order books and charts you can get some picture, though knowing what bitcoins price will do in a day is surely very hard to know in 99% of all cases. I personally don't watch the news anymore, because it influences my own behavior too  :P

Well you cant really predict that exact 100% price of a bitcoin on that time. I agree that when you read the behaviour of that coin or bitcoin you can nearly predict what will happen though it is not 100% that it will happen it just your opinion about it. You can figure out what happen next.

If I just know on when it is going to down within the day then I will going to sell immediately. But since I don't have fortune telling skills.

I will just go with the flow and hope that the price of bitcoin is going to increase for each day.

Well, i think people can guess it about only and nothing else. Actually, we discuss with each other and see the price up and down, than we can predict about the price of bitcoin. Now you can see no one know about the future, but Why we call that bitcoin is a future currency? Because we see the present is very well of Bitcoin.     

No one can predict what will be the price in future and whether it will go higher or lower so whatever scenario we come across through we need to take actions accordingly, if price falls better to buy them and sell them when its allowing you to make profits and keep on repeating the cycle in future too.

You can't.

Do not fall for the trading bait, there is no way you can be sure.

If no one can't predict than what the reason to buy the bitcoins?
When you realize now the time is coming of bitcoin's price would be grow, than you buy the bitcoin and save it for the price increasing, It's mean you can Guess or you can say that we can predict So that's why you buy it. Otherwise can you tell what the word? we should use it.

You can't predict BTC price will go down or up within a day  Its price influenced by many factors

And it isn't similar with the stock market，Predict movements is pointless

You don't need to know this and you really can't know it. For example if you are trading btc/ltc, have some btc and some ltc all the time. If the price of btc goes up relative to ltc, then sell some btc for ltc and vice versa if price of ltc goes up relative to btc. That is a simple explanation, but if you try it you will see what I mean.

bitcoin prices impossible to predict. bitcoin price changes can be very fast. either ascending or descending, everything is very difficult. even within 1 hour bitcoin prices could surge change. the current digital currency does have its drawbacks, namely instability of prices in the market.

It's really hard when prediction of the price of bitcoin but since when we prediction and it's really accurated on what we predict then it's really good right when the price of bitcoin will increase and will never decrease im always looking for positive side and the trading strategy to when USD to BITCOIN and prediction won't take any effect on bitcoin.

I don't know if there is someone that has the powers to predict if he knows that the price is going to be up or down for this day. Nobody really knows what is going to happen with the fluctuation of bitcoins price. But we can just predict base on what is happening for the economy of bitcoin as long as we have basis and facts.