Predictiing Cryptocurrency price.. Is it possible?

[Emmax]

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?

[vlad230]

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?

Yes, you can observe some patters that people follow and this will help you make some presumptions on the price (not calling it predictions since that means it needs to be true at some point).

Some patterns I've noticed are around major events like tax days, celebrations etc.

[iwanirawan]

In my opinion cryptocurrency have patterns to learn. When it will raise and when it will goes down. You can see the history of the chart and make a analysis on it. For example, the price of one or some coin raised up in the end of year. When at Q1 the price start goes down. This thing can happen again in the next year. But maybe in different price.

[PsylockReborn]

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 not possible. Many experts who predicted crypto values failed. Crypto is very volatile and it's value is not merely based on the two factors that you mentioned. Right now the US is trying to focus more on the people who are manipulating the values of crypto market because of the fluctuations that we can't comprehend. In terms of crypto values there are so many things to consider as well like news and some tweets from a high profile crypto investor could affect the values of crypto in just a short span of time.

[AMdemzzy072]

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?

Using the above factors to determine the price of cryptocurrency is like forecasting or predicting the scores in a game which cannot be too ascertained. Making reference to the historical price and volume can go a long way in predicting the price of cryptocurrency but you cannot rely much on your predictions.

[profit-shooter]

Predicting price of cryptocurrencies is very possible if you are confident in technical analysis, especially Elliot waves theory and identifying support and resistance levels. All this is possible if you practice a lot to analyze graphs and reading learning materials. At some stage, technical analysis will become the major one for making price predictions!

[Fahim]

I don't think that historical trends will help us in predicting prices. Look, many predicted the flowering of the currency in the spring. Tomorrow is the last day of spring. And what do we see? Was this growth? Was the scenario of previous years repeated? No no and one more time no.
For half a year this is a rather unstable situation. In December we saw a huge pump. Now such a long period of frustration is connected with overestimated expectations in December.

[smoolae]

It has been proven many times that the technical analysis is pretty much pointless/useless with crypto. Mostly, bots are in charge of high trading amounts and they just trade against each other.

Also now, in the middle of the bear market, usually prices go up fast when the coin is having a pump'n dump.

[dvlgwarv]

Through the trend of historical prices and the trend of historical turnover, you can only provide reference, but the current market and the previous market are completely different, I do not think that this is of great reference value.

[CryptoTamer]

You need to know that basically prediction is a guess. So you can predict about anything you want..
You can predict Cryptocurrency price based on data, conditions,  etc. Personally, it will be legitimate because basically prediction is just a guess

[EdenHazard]

basically, people's opinions about the price in crypto currency will always be a wild speculative, not everyone can properly predict the value of the coin, even some of the coin experts are often deviated predictions that are far from expectations.

the coin value in cryptocurrency could changed drastically anytime, we all know that the value of a coin from the beginning is designed to fluctuate due decentralized,  bitcoin value is designed to deflate where more rising rather than falling , well that is a newcomer speculation . it is indeed very difficult to predict the crypto currency price, especially when the current market conditions give everybody a FUD, too much factors and you have to gather it all, time will be the only answer , so better to keep buying and hold it as long as possible with the money you can afford to lose as investment, that is all what i can tell you.

[ItsEzMkay]

My viewpoint is that price generally acts independent of value and what should happen. Ie the speculation over takes whatever foundation is being built and as a result the price acts irrationally from what is being built. That is why you have EOS and Cardano in the top 10 because they promise something huge and have no basis to evaluate it. To me this is madness, but to the cryptoworld the price is apparently justified. Long story short there the price acts generally irrationally, although the baseline price is set by how much a coin costs to mine and what miners are willing to sell for.

[tycsols]

I think cryptocurrency market is massively dependent on the volume, if the new money keeps coming in and the volume keeps growing the volume and overall trend of the market will stay positive and the price and value of each crypto asset will also grow but this is ideal scenario and cannot happen all the times so we do see dips and corrections, personally i think long term trend will remain positive for crypto markets.

[Suares]

I believe that it is impossible to predict the price of the cryptocurrency. Crypto market is very volatile and catch every reason for the rise / fall even simply physically impossible. However, we can predict the growth / decline in prices depending on the events (big news)

[FaucetKING]

It's really possible to predict coins prices but it doesnt work always, maybe the market will have some bad news and everything could turn into a bad status.But, Analysis and Researchs are the greatest way to predict the upcoming movement of a coin or a token, not an exact way but a prediction that might happen and might never happen..

[Yalovtsev]

Yes, it is possible for this and made a technical analysis thanks to it, you can predict what the price will be on the crypt and what to expect from the market, which volumes come in a certain coin, etc., so I recommend everyone to study the field of action first

[crenfrosck]

I have to admit that my prediction skills are definitely not the strongest on the Earth. Even though, I think there is a possibility of predicting some of them right. Events, volume, contests, the mood on Wall Street: everything can actually influence the price of them. Even with the best information, you will make mistakes. But if it is worth your time, you know that you can lose a lot and you are into trading, go for it. With a lot of hard work, you can make a living from it as well.

[DaMut]

It has been proven many times that the technical analysis is pretty much pointless/useless with crypto. Mostly, bots are in charge of high trading amounts and they just trade against each other.

Also now, in the middle of the bear market, usually prices go up fast when the coin is having a pump'n dump.

Technical Analysis was not created solely to predict the price but instead it also has a function as an entry point for traders,let's say it's totally pointless if we are using it but with it we can find a better 'entry point' compared to other people who only set their 'entry point' based on their judgement.
even if the bots are the only one who do the trade,it won't change the fact that it was created based on source and of course the source itself was created based on fundamental analysis.in other words,technical analysis has some use even though it can not be used as a tool for predicting the price.

[jackflag]

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?

I think that now cryptomarket will still dump with the bitcoin price. Last year, the market grew by 40 times, so correction is needed. Cryptocurrency is very volatile and you need to be ready for growth and fall. Keep calm and hold you deposit some in btc, cash and altcoins.

[7788bitcoin]

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.

It is difficult to say that the price trends is solely because of the historical price because it is fairly a new market and it is difficult to find many convincing graphs to calculate the price but we can understand the growing trends in years, volume is certainly an important factor when it comes to price movement and almost everyone calculates the price movement depending upon the volume in demand and supply.