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Author Topic: Predictiing Cryptocurrency price.. Is it possible?  (Read 4088 times)
Mysteryla
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February 08, 2019, 08:29:34 PM
 #421

1) Historical price trends 
(2) Historical volume trends. So,  there can not be a single and concrete prediction of any Cryptocurrency because of the very nature of cryptocurrency.

What is your view about Cryptocurrency price?
These two recommendations sometimes can help to predict, but what makes cryptocurrency unpredictable to an extent, is because of its volatility. I have also noticed that there are set times for uptrend and downtrend of some coins.
Most times, even after studying the market trends using those analytical factors, it will better to also study are see the different trend for two consecutive.
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February 08, 2019, 08:33:14 PM
 #422

In short term yes, by watching at the graph and predicting the next move with trading indicators.
In long term no because there are so many factors and you can´t predict them all Wink.

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February 08, 2019, 08:41:12 PM
 #423

The exact price forecast and the market exit forecast from the bearish trend can only be assumed. I for example think that the price of Bitcoin before the end of this year will rise to 7000 or 8000 dollars.

edmundo
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February 08, 2019, 08:50:44 PM
 #424

Am afraid not at this current market situations. You could lose way more than anticipated. When the markets were a little bit stable, price forecasting and analysis were much more dependable. But now, even the seasoned professionals have found it extremely difficult to achieve because at this point in time, the market is being controlled by emotions leading to panic selling or hasty decisions making it difficult for forecasters.
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February 09, 2019, 12:49:07 PM
 #425

No one can tell what the coins price would be but you may try to dyor at any coin you are planning to invest in. In that case you might have more chances of winning than losing.
benjamin11
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February 09, 2019, 02:19:31 PM
 #426

Anyone can make predictions about anything. Maybe the point is the precision and accuracy of the prediction. Crypto is very unpredictable, so it will be very difficult to make a precise prediction, but its possible if you based your predictions on previous trends and historical data. Actually some people already make a precise predictions about crypto and it happens.
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February 09, 2019, 02:37:33 PM
 #427

I am sure that the prices in the crypto market are controlled by the largest coin owners. It is in their power to increase or decrease the amount of coins sold, which directly affects the fall or rise in prices.
Predictions are valid only when pricing in the market occurs spontaneously. In our situation, however, it is impossible to predict with great precision.

attech21
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February 09, 2019, 02:39:42 PM
 #428

The price of cryptocurrencies can be predicted but only ends up on prediction because no one can dictate the price .only the market can dictate depends on demand of users of cryptocurrency.

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TrevorS
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February 09, 2019, 03:01:19 PM
 #429

I don't think anybody can predict what will be the next price of a coin or token. The price trend maybe gives us the best insight on what will be the price but doesn't guarantee it will be accurate. Price will be dictate by the traders and in some cases price can be manipulated by the trading bot in some exchanges.

If you do not take into account unforeseen world events, then the price of cryptocurrency can be predicted thanks to mathematics and various kinds of analysis (news, technical, adaptive).

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Runbitup
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February 09, 2019, 03:18:39 PM
 #430

The price of cryptocurrencies can be predicted but only ends up on prediction because no one can dictate the price .only the market can dictate depends on demand of users of cryptocurrency.
yes, prediction is only an antisiapi or our preparations to overcome what can happen, but in fact nobody knows.
but usually if there is good or bad news, the market will be more predictable because investors are sometimes affected by outstanding fud.
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February 10, 2019, 05:29:13 AM
 #431

We can't predict cryptocurrency market with based of only 2 criteria historical volume trends and historical price trends.
Because this is unpredictable market and it can changed a dramatically that we can't imagine.
In other words, the price of cryptocurrency is influenced by many things not just price history, there are many aspects that affect prices,
even the economy of a country can be an influence on the crypto market. Thats why sometimes prices on the market are unpredictable..
Not sure about the economic from a country can affect the crypto but if that was coming from the major country just like US and that can give a huge impact. The global economic should be a better answer than it.
The price of crypto still driving by the speculators.
Nope, that obviously affects, we live in a country of course your economy will also depend on your country's economy, if your country experiences inflation or an economic crisis, of course your assets in local currency will fall, and certainly affect your purchasing power in other investments, the bitcoin market influence by users too not only on speculators..
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February 11, 2019, 09:26:48 AM
 #432

Previously, the market opened mainly long positions-this pushed the price up.After the fall of the market-many small investors were disappointed and left the market, someone ran out of money and remained mostly speculators.Many of them open short positions to earn,thereby reducing the cost of bitcoin.
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February 11, 2019, 10:43:33 AM
 #433

As you know, the cryptocurrency market can see huge changes in a matter of few minutes, making it very unpredictable. However, there are some fundamental factors which can influence the prices of any cryptocurrency. Prediction of Cryptocurrency future price are base on two factors 1) Historical price trends 
(2) Historical volume trends. So,  there can not be a single and concrete prediction of any Cryptocurrency because of the very nature of cryptocurrency.

What is your view about Cryptocurrency price?
In sometimes prediction always helpful for us but not only prediction is important for a Crypto user can have lots of things that we have to analyse and research about our investment it will only helpful for you to get there continuous and frequent income.
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February 11, 2019, 11:07:08 AM
 #434

Absolutely, prediction stands on it own and the prediction materializing too is independent. Well although I just follow some of the prediction but I don't solely depend on it since the price is really volatile.
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February 11, 2019, 12:06:13 PM
 #435

It is very hard to predict crypto prices as there were many factors behind any pump and dump, which of most of unknown and the second thing it is largely manipulated, last 1 year is proof of that when many experts gave their opinion about its rise, which none of them have correctly fell into place. It is an almost unpredictable market and very hard to predict future prices based on charts graphs.

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February 11, 2019, 12:45:16 PM
 #436

Something to predict this is of course possible , but always Analytics and forecasting consists of history that was already on the market , and of course you can always make a mistake in forecasting

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February 11, 2019, 01:01:05 PM
 #437

I guess you didn't get the memo about the fact that Cryptocurrencies are just too volatile to predict, they have succeeded in putting many prediction gurus to shame and with the way it's going, it's not gonna be stopping anytime soon.
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February 11, 2019, 01:02:21 PM
 #438

Ofcourse Cryptocurrencies prices can be predicted, while I am still a noob trader, I have a friend who knows how to study the market very well and when he makes a call, it usually works as he says, I mostly just ride his coat tails.

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February 11, 2019, 02:06:55 PM
 #439

It is possible to predict the price of cryptocurrencies but it is difficult to come true because only price quotes are the cryptocurrency market only. So we are just a prediction but it's hard to expect because the cryptocurrency market can change anytime.
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February 11, 2019, 02:17:58 PM
 #440

As you know, the cryptocurrency market can see huge changes in a matter of few minutes, making it very unpredictable. However, there are some fundamental factors which can influence the prices of any cryptocurrency. Prediction of Cryptocurrency future price are base on two factors 1) Historical price trends  
(2) Historical volume trends. So,  there can not be a single and concrete prediction of any Cryptocurrency because of the very nature of cryptocurrency.

What is your view about Cryptocurrency price?

It's true. Some indicators are there, but they are very dynamic and change with each project.

Anyone who is that focused on the crypto markets needs to pull back and take a survey anyway.  The liquidity is just not there.  Trying to make profits in crypto is like trying to pick up pennies in front of a moving steam roller.  It's possible, but is it really worth all the time and effort?  Mostly no.

When the masses start filing into crypto, there will be so much liquidity, people will be falling over themselves seeking advice on what to do with their new-found wealth.

Until those days arrive, accumulating and holding  is a strategy to maximize your potential when the shift begins.  Besides, valuing crypto against the dollar is a silly exercise anyway.  The dollar is dying.  On it's last legs.  It will continue to be around in the future but only at an even further devalued state than it is now.

When the panic in the dollar begins in the general public, it will be almost too late to really do anything effective with them.  The time to prepare is now as it's better to be one year early than one day late.

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