India Bitcoin trading - daily market prediction and speculation thread

[buysellbitcoin]

Hi all,

Lets start a daily prediction and speculation thread as per Indian market.

Normally Indian markets follows foreign exchange trends as we dont have a good price discovery force and mechanism to explore here, in laymen terms we dont have enough liquid and active published source of trades and order book which can give us trends as per Indian market conditions.

But still Indian market has some specific attributes which will make predictions at least entertaining.

We have below players in market
1) LocalBitcoins
2) Unocoin
3) CoinSecure
4) BtcXIndia
5) iGot
6) 100bit.co.in
7) Zebpay

I will start with my prediction :
I think we will be in the range of 17100 to 17500 today. Monday should always go up if weekends has down trends


Trend : 17100 to 17500 today
Regards

[Benson Samuel]

gambly says 17600 to 18000 :p

[buysellbitcoin]

gambly says 17600 to 18000 :p

17100 to 18000 ;P
FTFY

Regards

[dashingriddler]

When you predict - also tell on which platform. Sometimes up to 5% diff among diff platforms - so any wild prediction will be true if it is just a number lol

[100bitcoin]

In our platform, we allow to buy/sell different amounts at different rates. Hence, we have seen, many users put up small amount for higher rate, but big amount for lower rate. To be precise, an user A simultenously executes two trades...

1. 0.1 BTC @ 1700 INR

2. 1 BTC @ 16800 INR

[polynesia]

We should also have a month-end prediction.
My prediction, INR 20K by 31-Aug. Let us see if the bull rears its head in the next 2 weeks. 

[buysellbitcoin]

In our platform, we allow to buy/sell different amounts at different rates. Hence, we have seen, many users put up small amount for higher rate, but big amount for lower rate. To be precise, an user A simultenously executes two trades...

1. 0.1 BTC @ 1700 INR

2. 1 BTC @ 16800 INR

Thanks for joining in. Can we make sure we use this thread as just price movement and speculation in general.

We should also have a month-end prediction.
My prediction, INR 20K by 31-Aug. Let us see if the bull rears its head in the next 2 weeks. 

Good idea, but I will still prefer having daily trends along with it.

When you predict - also tell on which platform. Sometimes up to 5% diff among diff platforms - so any wild prediction will be true if it is just a number lol

Good point. I will just give my predictions on Google INR BTC rates, that is essentially coinbase rates converted in INR. Want to make sure this is fun thread and not a promotion thread for our services

Regards

[buysellbitcoin]

Current Google rate : 17118.44

My prediction is to remain in the same range today too.

Trend : 17100 to 17500 today

@polynesia : I believe we will end up on a slightly lower notes and expect it to reach appx 16200 to 16500 INR. But if you ask me 3 month perspective I think we are now looking for a long term bull trend after this adjustment. For next 3 months I think we should easily touch 21 to 22 k. Volatility index is stable from last 1 month around about at 2.4 to 2.7, I expect it to increase with more frequent downtrends this month and a stable uptrend in 3 month outlook.

Regards

[polynesia]

17388 now...
The USD-INR rate seems to be having an impact here. 

[polynesia]

I will admit that I didn't see the current drop coming. 
Bitcoin down to under INR 15K

[dashingriddler]

Dump and pump ? haha

[btccashacc]

[dashingriddler]

Lowest was 152.4 ? what a pity

[btccashacc]

Lowest was 152.4 ? what a pity

in last year

[dashingriddler]

Lowest was 152.4 ? what a pity

in last year

Oh ok ok. Did not notice it.

[buysellbitcoin]

I will admit that I didn't see the current drop coming. 
Bitcoin down to under INR 15K

Almost everyone caught sleeping

Regards

[spndr7]

I will admit that I didn't see the current drop coming. 
Bitcoin down to under INR 15K

Predicted 3 weeks before 

https://bitcointalk.org/index.php?topic=338427.msg12181016#msg12181016

[deadley]

I will admit that I didn't see the current drop coming. 
Bitcoin down to under INR 15K

Almost everyone caught sleeping

Regards

I was also expecting downward trends that is why I mostly coins hedge already so it will not affect me. And my strategy work very well.

[polynesia]

I will admit that I didn't see the current drop coming. 
Bitcoin down to under INR 15K

Almost everyone caught sleeping

Regards

The pain just seems to be continuing.
When will this end?

[Winalunt]

guys is there any place where we can cashout 20 + coins and without giving identity details or anything lke that ??
i mean who dont want to be anonynous in bitcoin world ..