why bitcoin is still unpredictable.

[johnygrace]

In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa

[lutcor]

Because a very large number of BTC coins are in the hands of a cartel, which now continues to buy a very large number of coins, and these manipulations with the market are definitely being done for a reason.

[chriseasan]

Because the market is still young and volatile. It is manipulated by big whales, that have bought Bitcoin for several cents and they are now trying to reach the deepest point and to drop people from the market to gain higher profits for themselves.

[JimmyNg90]

It's not "still unpredictable" but "never predictable". If everyone can predict the market, it will be not "the market". Maybe someone have a right prediction, but whether they are right with 100% in anytime. And I see all predictions are a FOMO or FUD behavior.

[virendarnagpal]

When people's intention behind investment is to become overnight rich or to earn very high rates of returns; there no one is able to predict what way the price will move. 
Speculators are very much active in such markets.  They may carry to market to their desired directions. Several others outside factors like economic conditions; Bank's interest rates etc may also affect the price movements.  So no predictions can be done.

[maldini]

This all still has to do with the BCHSV and BCHABC battles so that the prices of bitcoin and other altcoins are still difficult to predict, there are still many discharges made due to the fight of the two coins, this really makes investors afraid

[izza123]

Bitcoin is not predictable for ordinary people. for people who have been on the market for a long time and know how Bitcoin behaves, they understand where and when the price will go. they already know how those who control the market think

[mayan251]

My opinion is the same as yours. In encryption, you can't predict whether the price will go up or drop. It depends on too many factors. For example, policy, investment and access funds, etc.

[andrejka]

In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa

In the first place, the price of Bitcoin is highly manipulated)) And that's a fact. Nobody knows how it will act in a few minutes because of all this pumps and dumps that are unpredictable and illogical. To stop this manipulation we need much more liquidity on the market and the latter requires institutional investors to come on stage. And that's where the closed cycle is.

[randythered]

In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa

All you basically said is that bitcoin is volatile because of supply and demand changing. Bitcoin is so volatile because of how new it is, it's unproven and there are a lot of question markets around adoption and regulation etc. That means that demand (especially) can vary greatly from one day to the next.

[IVEXO]

I think it is not only bitcoin, everything in the whole of the world is unpredictable, thats why a proverb says no one knows tomorrow.
At that notice, lets continue to focus on today and enjoy the present, make most of it and never have regrets.

Neglect the unpredictability and have a fantastic trading experience in crypto currency

[worldofcoins]

In my opinion, the volatility makes it the most unpredictable of all. This is caused by people who cuts for their losses early which is damaging the strength and belief around crypto, and no bodies will want to back a system that not even the people themselves support.

[LeetPoolsOP]

Now bitcoin is not predictable because it is highly susceptible to the news. although the last half of the year he was very predictable by technical analysis

[Iykecollinz]

I think bitcoin is still largely volatile and this level of price fall shows it is not yet a stable means of payment and value transfer. So far there is every Indication that there are a very few who are largely holders that might have acquired it early enough and therefore keep controlling the market

[Ozero]

Because the market is still young and volatile. It is manipulated by big whales, that have bought Bitcoin for several cents and they are now trying to reach the deepest point and to drop people from the market to gain higher profits for themselves.

The price of bitcoin and other types of decentralized cryptocurrency will always be unpredictable, regardless of the maturity of the cryptocurrency market. The price of a decentralized cryptocurrency depends only on the ratio of supply and demand, and they are never constant. To determine how a cryptocurrency will behave, you need to know how investors and cryptocurrency holders will act, and it is very difficult to do so based on their large number and the inconsistency of their actions.

[Pffrt]

Because Bitcoin is a currency which is being mostly used for investment purpose, not as a real currency. It will be predictable when people will start to use it as daily currency. Before then, a lot of people may manipulate the market.

[dio1715]

In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa

The crypto market is very poorly regulated. That is why now there is a great opportunity for manipulation. Investors do not want to risk. But sooner or later the market will become civilized and then everything will change for the better.

[sametyui73]

  When people's intention behind investment is to become overnight rich or to earn very high rates of returns; there no one is able to predict what way the price will move.

[tanvir232]

It's not possible just because of the manipulation of the market. I barely think the price has been decreased because of any other reason without the manipulation and the same also true when the price gets increased. Some big whales control the total market. that's why BTC is unpredictable.

[shadowduck]

In the first place, the price of Bitcoin is volatile thats why we cannot predict the price if it goes down or rises. But one thing we know is that, unless there are investors and investments in Bitcoin, it will stay on track. Investors are also one of the main reasons why there are ups and downs. When investors sell their assets and others follow when there is a dump and vice versa

The crypto market is very poorly regulated. That is why now there is a great opportunity for manipulation. Investors do not want to risk. But sooner or later the market will become civilized and then everything will change for the better.

it will not be soon. we will see a less volatile market only after 5 years. I do not think that this will happen in the near future.