Bitcoin Forum

With the "Advanced Chart" feature available in VIP.Bitcoin.co.id can help you, especially traders, to maximize the accuracy of your Cryptocurrency price prediction.
Advance Chart has a more detailed look with various trading tools.
How do you predict the bitcoin price?  :D

if you only want to 'predict' the market it's not really hard to do it,
just say go up or go down based on the chart alone you can do it,
but if you want to make a strategy that is a different case,you need to read the chart from 4h,6h and 1D.
read the market sentiment,market capitulation(optional) and lastly we need to do our own research about what is going on today with Cryptocurrency.
there are a lot of factor that can determine the movement so,if you only read and make a preparation based on the chart, it's not really wise in my opinion.
usually i used bitcoinwisdom,cryptowatch and else.
the reason i used more than 1 live chart to monitorize it because sometime you will see an unnatural candle and make you slightly confuse.
plus we need to read the chart in general and minimize the errors caused by the live chart.

When you use bitcoinwisdom and cryptowatch, what percentage of accuracy is its prediction?

I am using some chart analysis by using some apps, and by researching and having an update on the coins that i am holding.
With bitcoins price i don't actually predict it i am basing in a bot that gathers a lot of information and it doesn't disappoints me.

Well i am really in a long term process right now so i am not really keen on those analysis app and even news related to the price. But i am well aware on btc news that appears on sites that i am visiting once in a while about bitcoin. I sometimes get bored reading and watching the same chart of statistics over and over and some news that gets stock in a week like the issue about china. Everybody would say its a fall but it turned out to be nothing in the cryptoprice.

Hopefully your prediction is right on target

Follow the charts about the coin.take your look coin road map and future development.Take look coin announcement thread for latest news about the coin.also keep flowing the coin developer for latest update about the coin.

people analyze according to their thinking, and not necessarily right. They can analyze and we are also able to do it

You really don't, who would've expected that Chinese exchanges would close and the government would ban ICOs as well? I mean you can only predict with some accuracy when you know that there is an event ahead of us. Bitcoin ETF, halving block reward, LN and SegWit implementation etc. You know that these things will affect in the price positively but aside from that, you can't really tell anything for sure.

Predicting bitcoin price is not quite easy and reading charts might not help always. There are thousands of terms used in technical analysis of trading charts and without knowing about all of them you can't understand what the analysis is suggesting.

Also there are psychological effect on market which is harder to predict and no any charts can show you emotional trend.

To take a decision on buy or sell bitcoin depends on technical analysis is a great choice but sometimes, negative or positive news can affect the prices a lot though

Accuracy ?
should be around 20% or around that.
as a trader,we do not wasting mostly our time to place the order buy or sell but instead we are doing the research.
for example you spent your time in front of the computer for 10 hours/day.
how much time that you use to do the trade ? (me,approximately 1 hour).
i spent 90% of my time in front of the computer to search the information and research about what is going on and what will happen.
you need to know what is going on with the world and the cryptocurrency(like right now,chinese goverment banning the exchanger and citizen to trade the Bitcoin in their country).so,based on that news i know the reason why would the price goes down to this level.
and what will happen in the next days ?
based on my observation the price will slowly recovering and i believe we should see $4000 marks in the coming week or around that.
because the chinese make some classic move,like they did before.
chinese is the learder in the economy,so it's not really surprising that they can did it.
in conclusion,i spent my time read the live chart and only gain 20% accuracy from it.
and the rest i get from doing the research.
there're no free lunch in this world mate,so you need to spent a lot of effort to get what do you want

With the volatility of the Crypto World it is very hard to predict the movement of the market. If the traders start to panic the tendency is for the market to go down because of the mass selling and vice versa. No one can really predict the movement just by simply following the basic rule buy low sell high that would be a safe investment.

those charts are utterly useless, all that matters is the movement of the whales, the ongoing news affection, and the coming regulation. you may think that you've made an accurate analyzation or prediction by usnig that sort of chart even though never tried it in vip.bitcoin.co.id as you mentioned but, after all, utterly useless.

You are so right. I have seen situations when I thought yeah! This is a good buy immediately this particular coin broke below support only to see it going down consistently until I realized the coin would be delisted from bittrex. I swallowed my losses like that. The thing is there are so many things to consider when making trading decisions, not just only charts.

Literal prediction is just saying "bitcoin price will go or down tomorrow".

The question is the accuracy. There are lots of factors that can be your referenced in order to create a good and close to reality analyzation. There is no way we can tell the exact thing to happen since market is unpredictable. Try to learn those factors instead as it might give you some good chances that your prediction may be right.

You can improve with research, news (which is known as fundamentals). In currency market, news is very dangerous and powerful as it can pull you down or rise you within a very short time. For instance, the Chinese news saw bitcoin heading downwards while Japanese adoption gave bitcoin live again, this is a recent example.

The btc price is just a normal thing that anyone can do, I think. But accurate guessing is a completely different thing. To be able to accurately predict an extremely difficult situation, those who have experience in crypto investment only predict a relative percentage. So, you should not ask how to know the btc price will increase or drop. Let you give yourself extra time and draw your own experience.

There is no accurate mechanism for predictions in trading markets. Real trading involves thorough research and analysis, even expert traders loss huge money sometimes. Its very unpredictable but unlike gambling chances of getting is very high.

I would love to know this as well, it will come in handy if you are able to predict the rise and fall of bitcoin's price. In my opinion it is hard to do since bitcoin is highly volatile, but some people were able to predict it so it is really not impossible. I guess these people use the chart from an hour to 4H 6H half of the day, a week or even month in short they are constantly checking the chart they may use it as a pattern like if bitcoin is following some kind of trend. Since bitcoin is very volatile, there are a lot of contributing factors, bitcoin is global so if one market who holds most part of bitcoins goes down price may fall as well, it is something similar to china. When the chinese issued the ban bitcoins price went down. And when JP morgan made false claims against bitcoin, the price may have been affected by it. My point is these are just some factors that may affect the volatility of bitcoin so in order to predict what may happen we have to read news about bitcoin regularly, do research if the news is true or not then maybe the probability of predicting the dips will be much accurate than just basing it on the charts. This is just my opinion, i do read news regularly but i do not make predictions. I jusg have my spare money which i will use when the price drops and hodl until the price is right for me to sell. This is my long term plan.

Cause you need to sacrifice it sothe chances of it is 50/50 thats how trading is we cant sure anything predicting it by your own can be there is some site but your analysis on it will be your basis and the movement of it on how in the past days how it moves.

The best way is to look at google trends. See the following article:

http://uk.businessinsider.com/bitcoin-price-correlation-google-search-2017-9

Notice the graph in the article - when the search volume started to fall in the last few days, the price started to drop too.  

Its really hard to predict the flow of the market instead we can study the behavior of the coin on how its chart going. The chart is really the best thing that we can use to predict the market and to execute our trading well. So study the indicators that you can use for you to become a successful trader.

I just see the latest news from the coin, you can see all the latest info from various coin here = https://coinmarketcap.com/
from there I can conclude when the price will be down and when the price will be up.

I agree with this statement, I often use marketchap to get info about some bitcoin and altcoin, this is very accurate info.

Don't you think if someone was able to predict the price these would be making billions daily ? You should try buying a automated trading bot for altcoins.

Unless you want to follow news and speculations, or you are just doing safe trade strategy by buying at any point below support, and selling at a reasonable point based on previous chart reading, you cannot state specifically exactly the point to sell most especially. In one word, you cannot give an accurate prediction but just try as much as possible to play safe.

Using charts and application that could give us information about the daily trend of the stock and the price of bitcoin is a good tool for us toet know the possible changes about the price of bitcoin in terms of trading and investment. Yet, we also need to do our part to manage our funds for us to control ourselves to used it or not.

I only  predicting bitcoin price through fundamental analysis. I follow daily news from bitcoin.com and twitter price prediction from most popular experts on cryptocurrency. We should also look at what is happening today , price is trapped around $3,965 I expect to put a buy trade if there is any significant Good news about Bitcoin in few hours or days to come but if the news is not good then expect price to fall significantly.

Actually you can't predict the market. But there are some tools and other prefernces that may help you to predict whether it's going up or down here are some things you may do

1. Read news, article and blogs about the coin
2. Join groups about trading cryptos to have some tip and to be guided by pros
3. You made a research about the coin
4. Know all information about it you may check at coinmarketcap.com

There are some things i know in order to predict the ups and downs of the cryptos

I prefer to make predictions by looking at chart price charts and also see if there is any news that could have a positive impact as well as a negative impact on bitcoin price movements. one of the easiest is to see the current condition as it happens segwit and also the condition of china regulate bitcoin. such analysis in my opinion is quite accurate. we then have to take decisions and also decide what we will do in the future.

Bitcoin is not  a  tecnical market ... I tried  to use tecnical  and  I burnt myself too many times...  the best strategy in bitcoin is to buy  at the dip,then  wait for price to rise,  and sell, rinse and reapet

Or buy when things like China ban ICO happens.

For altcoins  just pick up a semi-reputable coin  at its lowest point (support) and  wait for the pump, which can came

We can't. That's why its volatile. We can only read how the charts move and make predictions from the information that we previously have.  Many people have mastered this and even they are still experiencing losses.