Is it easy to predict the price of Bitcoin in a near future?

[ChConcept]

For me it is not easy to predict the price of Bitcoin, it goes up and down all the time. I believe its volatility is what makes it risky yet profitable.

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[ManaMan]

The most important issue is the mining cost.
There is no doubt that the cost to mine BTC is raising rapidly. It is close to 10k now.
Only if the price is higher than the cost, the economy of BTC will develop. Otherwise, it will be nothing.

If we talk about the price mining itself is not huge problem and with it you can't really predict the price. Although this is an issue but so far I do not think that it is heavily being worked on as Proof Of Work is what many people like about the concept of bitcoin. There are other options out there such as PoS , dPOS and many more which you can see within some altcoins who are trying to solve the issue of electricity consumption cost.

[mikki14]

For me it's easier to forcast the stockmarket than BTC. Because BTC can flactuate with no boundaries. Unlike in the stock market we know the aspects that we have to consider in forecasting and we also have past datas and the changes your company is going to make that are really helpful in predicting where the price is going. Unlike in BTC you can't use the past datas in forecasting its future price. It can double its value in no time, and vice versa.

[AlexanderAnthony]

Yes, you're absolutely right about that. We can tell or predict if the price or the value per share for the stock market will goes down or high based on the news about the company but we're never sure if it really affects the whole business, based from my experience as also a investor in stock market even though there are huge news about the companies the price didn't move that much from high to low it is because there are a lot of things to consider, before it affects the whole business. In bitcoin it is so unpredictable because no one owns bitcoin the founder or the inventor of bitcoin satoshi nakamoto is unknown. That's why it is very unpredictable if the bitcoin price goes high or up.

[fachant]

I think it is difficult to predict the price of bitcoin. High volatility of the price does not guarantee the accuracy predictions. The analysis is based more on speculation. Besides, there is a lot of hype around bitcoin which doesn't make forecasting easier.

[airdagon]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

   I myself also do not know too much about the "prediction" future of bitcoin. according to experts crypto expert predict future bitcoin will be very bright, why? they say, if a price earned from the previous year is very good, then in the coming year also predicted the future of bitcoin is very bright and will be better than the previous year.has we see for yourself, how the explosion last year's price is very surprising. experts predict bitcoin prices will break above $ 40,000 to $ 50,000 and will record new prices in the crypto world. hopefully that in the prediction of experts true happened.

[Fazlurkhan.kz]

It is nearly impossible to do so as there are factors which affect its price in way in which you or any other person do not have control on.
One such factor is that some huge deal made and big investor selling his large investment.
All you can do here is try your luck here and make more side money.
Good luck

[Eugenar]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

That's way too hard to predict since Bitcoin is naturally volatile so changes anytime might take place. Also, we can't predict what will happen to the market itself every day, such as at this moment wherein the whole market is falling due to issues that it is facing. Given that it is hard, just focus on holding and investing and be more futuristic when it comes to Bitcoin.

[Vseguin45]

No it's not easy for me to predict in a near future because it's currently instable, but for me in 2 years the bitcoin will reach 100 000 dollars or more, I'm sure

[samcrypto]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

That's way too hard to predict since Bitcoin is naturally volatile so changes anytime might take place. Also, we can't predict what will happen to the market itself every day, such as at this moment wherein the whole market is falling due to issues that it is facing. Given that it is hard, just focus on holding and investing and be more futuristic when it comes to Bitcoin.

We can make prediction but 100% not accurate because we all don’t know what will happen in the future. A lot of happenings in cryptomarket everyday and its getting harder to analyze the market. Being optimist here can help you make money in the future, just invest on the things you analyze.

[Stedsm]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

There were many reasons for hikes and falls, considering few of them:
Hyped too much during 2017 as value broke $1000 level,
Community started talking about a fork and there was free money on the table, so they wanted the "upcoming" forked coin (BCH's) value higher which is why Bitcoin increased in value.
China banned crypto activities, price fell down. Recovered back in a day or two, went to more than $5000.
Every investor was eyeing towards $10000 and having more forks on the road means more money, they made it break that level too.
Futures were announced by world's biggest derivatives marketplace CME Group which lead the value to soar towards $20k, as everybody knew that this might be the outcome after Futures come into existence. Fell down back to $11k (FUTURES EFFECT) and recovered back to $14k, then became stable.
Afterwards, the Koreans played their move and it fell down more. But now, it isn't that easy to understand that what will happen when, because moves by Govs of different countries are uncertain and may probably make it worst.

[South Park]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

I think the reason for this is that bitcoin is scarce, stocks are not really scarce a company could print as many shares of their company as they want, but this does not happen with bitcoin that is why even if there are bad news people like us who want to hold bitcoin for the long time are not worried, since bitcoin has a strong tendency to go up simply because it is a scarce asset and it is becoming even more scarce.

[KennyR]

Market prediction about bitcoin can't be done accurately. It is all about the trust and in near future too we don't know what happens with the price. We can just speculate based on the incident happening associated with bitcoin as well other virtual currencies around the world. It can be of good or bad.

[ethantaylor]

Thanks all for your insightful inputs.

So because of Bitcoin's volatile nature, it is hard to make accurate prediction of its price, unless there are new government policies or big events such as forks or Bitcoin Future.

[skorupi17]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

The prediction of Bitcoin's price is so easy. I could always say that the price will go up or down but the hard part there is making your prediction come true. If the prediction you are looking at is in the long term then we could always assume that the price of Bitcoin is on the uptrend. This could be justified by saying that the demand for Bitcoin as time pass by is always increasing. More and more people are getting engaged to Bitcoin. But if you are looking at a short term prediction, this is a difficult one since Bitcoin is very volatile in the long run, volatile in a way that the price fluctuates so much.

[BlackPanda]

It is relatively easier to predict the price of the stock of a company. After a company invents a new technology which is favored by a lot of people, you know the price of its stock is likely to rise. When a company is involved in lawsuits, scandals or the like, you know the price its stock is likely to fall.

But I find it hard to predict the price of Bitcoin. There is not much sign I can use to foresee its fluctuation.

Any advice would be much appreciated.

Until whenever we can not predict the price of Bitcoin properly. most people will only take the speculation that the price of Bitcoin decreases or increases. Bitcoin prices are strongly influenced by people who use them, for example we are increasingly using Bitcoin for everyday financial transactions then it can make Bitcoin price increase and when we start to leave Bitcoin then the price will tend to decrease.

[lili song]

Anyone can predict the price of bitcoin, but no one can knows what happen in the future. Bitcoin price sometimes easy to predict.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.

[Tamilson]

Anyone can predict the price of bitcoin, but no one can knows what happen in the future. Bitcoin price sometimes easy to predict.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.

Indeed. These are all assumptions and people are just doing their speculations base from the past movement of bitcoin and nothing is certain here. With these stagnant price of bitcoin many weak hands are already lose their bitcoin and losing hope that it will just stay in that place and the worst lose its value which isn't a healthy way to think. We've been here for years and saw how bitcoin innovate so believe that it will and it'll attract the positive vibe.

[Ararbermas]

It is not easy to predict the price of bitcoin especially when the guys from the top are controlling it. Just wait, bitcoin goes up again

what are you talking about?  As far as i know no one can control bitcoin cause it is working without any single person because it is a decentralized currency. so its impossible to control its volatility.   And indeed the valued will depends on the demand of supply from the market which is when there's a massive adaption the valued will increase and it fall dip when some of the holders selling their bitcoin..and also that is the common reason why the price is very unpredictable.

[elloco4ever]

Anyone can predict the price of bitcoin, but no one can knows what happen in the future. Bitcoin price sometimes easy to predict.
Bitcoin future almost people know the price it will increase every year, and this year the prediction the price can reach around $ 40,000.

Rightly said anyone can predict the price of bitcoin but it does not go by the predictions as far as the predictions were true then we should be having the bitcoin price at $40,000 now as some crazy elements predicted these price by the mid of december. But one thing is for sure as you have mentioned that the value of bitcoin will keep increasing every year.