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Author Topic: Predictiing Cryptocurrency price.. Is it possible?  (Read 4088 times)
Uju4real
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March 08, 2019, 09:48:57 PM
 #541

It's never possible to predict the price of cryptocurrency even the ones predicted that came true is only a mere coincidence

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March 08, 2019, 09:55:11 PM
 #542

many experts try to predict, practically all unanimously write - that cost crypto and Bitcoin in particular will be very big, they think that it is possible, later some time, can even years.
We have witnessed how true the experts said last year. It is hard to do long-term analysis on such a newly created market. Therefore, give priority to short-term trade. The price will definitely be better, but I am undecided about time.
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March 08, 2019, 10:37:55 PM
 #543

I think it is almost impossible. The cryptocurrency market is extremely volatile: jumps in digital money courses sometimes defy logic, and the situation can completely change in a few hours. The crypto market is volatile and sometimes lives by its own rules, so even the most experienced traders and successful analysts are easily mistaken in their forecasts.
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March 09, 2019, 04:30:40 PM
 #544

I think it is almost impossible. The cryptocurrency market is extremely volatile: jumps in digital money courses sometimes defy logic, and the situation can completely change in a few hours. The crypto market is volatile and sometimes lives by its own rules, so even the most experienced traders and successful analysts are easily mistaken in their forecasts.

Show me one market that you would describe as logic. For as long as markets involve human psychology they will forever be far away from perfectly logic.

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March 09, 2019, 04:45:38 PM
 #545

Market conditions are very volatile for the price. And the changes are many factors that influence. And I trade every day so that changes occur quickly. I can use it to make a profit. The advantage that I get is certainly not large and only a little. However, I try to make a profit every day.

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March 10, 2019, 07:13:01 PM
 #546

In the long run, some predictions may still be more accurate, however, it is obvious that the cryptocurrency is growing and will continue to grow, but no one has yet accurately predicted when the strongest growth will begin. As for the short-term perspective, it is extremely difficult.

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March 10, 2019, 08:03:53 PM
 #547

In the long run, some predictions may still be more accurate, however, it is obvious that the cryptocurrency is growing and will continue to grow, but no one has yet accurately predicted when the strongest growth will begin. As for the short-term perspective, it is extremely difficult.


That's the good thing about predictions: some of them will always be right. That's also called guessing, you pretend to make a prediction although you just guess, and if it becomes true you are the oracle.

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March 10, 2019, 08:25:27 PM
 #548

maybe with some luck you can predict the right price of the cryptocurrency but it will be only once but not the trend.

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March 11, 2019, 03:36:38 PM
 #549

Of course , it is very difficult to guess exactly where the price will go, and not always technical analysis can predict the direction , but of course if you know all the indicators, you can approximately sign when to enter the coin and exit

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March 11, 2019, 04:33:56 PM
 #550

Of course , it is very difficult to guess exactly where the price will go, and not always technical analysis can predict the direction , but of course if you know all the indicators, you can approximately sign when to enter the coin and exit

Technical analysis can never predict the direction. If that was possible everybody would just use technical analysis and get rich. It doesn't work.

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March 11, 2019, 05:29:48 PM
 #551

Of course , it is very difficult to guess exactly where the price will go, and not always technical analysis can predict the direction , but of course if you know all the indicators, you can approximately sign when to enter the coin and exit

Technical analysis can never predict the direction. If that was possible everybody would just use technical analysis and get rich. It doesn't work.
Which is right, but there's a good influence with knowledge about technical analysis, it can also give you some hint where to follow coins that can bring you good results, it won't be there if it's not useful, learning to read the pattern can give you some good basis when to place your entry, planning and making good analysis for much better trade.

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March 11, 2019, 05:35:56 PM
 #552

Predicting the price of cryptocurrency is not possible. There are alot of factors that can affect it and because of the diversity of it, it can't be controlled and for that matter can't be predicted, which is actually a good thing.
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March 11, 2019, 05:42:26 PM
 #553

It is almost impossible to predict the crypto currencies movements, because the market is still young, volatile and very unpredictable. Unfortunately we do not have enough influence on market and everything is made by big whales.

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March 11, 2019, 05:47:14 PM
 #554

I belive that it is not very easy and most of the time it doesn't follow any spaculer pattern because I think there are a lot of bots in the exchanges that know pattern better than us and they programed to manipulate the market and gather more money, I work with fundamental news better than technical analysis, it works better for me.
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March 11, 2019, 05:55:28 PM
 #555

Check out this website: https://tools.tradingroom.io, it does not make price prediction but gives you the direction the market is going, I have being using it for weeks now and it has been very helpful, tell you about volume, RSI and Price action which I think are very useful  tool for a successful trader


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March 12, 2019, 08:50:47 AM
 #556

My judgment, comparing forecasts and actual prices, is based on a long-term perspective. I read that the majority just guess, as we usually hear, (there are two options, either from above or down), so I read that the market is not stable, and an accurate forecast is impossible, one can only hope for a long-term outlook.

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March 12, 2019, 09:21:18 AM
 #557

My judgment, comparing forecasts and actual prices, is based on a long-term perspective. I read that the majority just guess, as we usually hear, (there are two options, either from above or down), so I read that the market is not stable, and an accurate forecast is impossible, one can only hope for a long-term outlook.
Long-term investment can be logical when we consider that prices will improve after a long time. Just add a few digital coins to your portfolio and wait. But if you want to make some money with cryptotrade, there  is always opportunity.
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March 12, 2019, 10:32:19 AM
 #558

You can do as much research on a coin as you want, at the end of the day its all about luck. Look at the people who invested in bitcoin when it was at its highest, they believed it would carry on going up and boy was they wrong
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March 12, 2019, 10:41:09 AM
 #559

My judgment, comparing forecasts and actual prices, is based on a long-term perspective. I read that the majority just guess, as we usually hear, (there are two options, either from above or down), so I read that the market is not stable, and an accurate forecast is impossible, one can only hope for a long-term outlook.
Predictions of course can be done, but for 100% accurate results certainly will never be able to do, because sometimes the price can change 360 degrees. you can read the direction of the market  by chart, and you can predict it. but the possibility is wrong always there
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March 12, 2019, 10:42:29 AM
 #560

I think that to predict the value of cryptocurrency is like going to a fortune teller. If you have experience with the stock market or currency trading, you will be able to make a short-term forecast, but you will never determine the long-term perspective of a particular cryptocurrency or the market as a whole.

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