Hey guys, do you use any bitcoin forecast to do your trades? If you do, and they are accurate, share them.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
Haha, you could get all sorts of links and recommendations out of this thread. None of them will be accurate...I guarantee you. At best they're right 50% of the time.
There are no reliable bitcoin forecasts because bitcoin is a currency or commodity and the only metrcis that influence price are:
- Supply - which is controlled and predictable
- Demand - which is not controlled and unpredictable
A lot of things can influence demand. And it's generally a balance between negative news and positive news. A government threatens ban, an exchange gets hacked, fees go through the roof, etc...that's all bad for demand and will push the price down. News in the opposite direction will have the opposite consequence.