why bitcoin is still unpredictable.

[btccointalk]

Nobody can exactly predict the price of bitcoin. Bitcoin is volatile and therefore the value keeps on changing.

[Mpamaegbu]

The price is unpredictable because humans are unpredictable. Is the market not controlled by the antics of demand and supply subject to humans needs and wants? So? Humans control whatever happens in the market and most times these humans do the control subjectively by allowing their emotions do the talking. That's why while some are showing weak hands and selling off in panic, others are buying. It's an unpredictable situation.

[coinsycrip09]

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

right, right now they will not feel panic because they already know the situation ahead of the price of bitcoin.
maybe now they are looking and waiting to collect more bitcoin in their wallets.

[Omela44]

Cryptocurrency is an unregulated market in which anything can happen, including major manipulations. That is why we see the big price rises and a big drop in prices right now. I am sure it would not be that easy in a regulated market. That is why correct price forecast are almost impossible.

[ereborltc]

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

It is difficult to make a correct judgment in the current market. Without good news, the price of BTC is difficult to rise.

[tranquangvinh]

The price of bitcoin depends on the demand and supply , If you can predict both of them , you can predict the price of bitcoin .

**The demand means that how many people want to buy bitcoin and supply  means that how many people want to sell bitcoin **

You need to learn a lot to understand both  , it's not easy to predict something .

[Crypt0BHunter]

I think there are a still some whale bitcoin holders with a huge amount of BTC and they still could manipulate the market, it will not last for a long when capitalization rise they couldn't do such things

[Maslate]

I think there are a still some whale bitcoin holders with a huge amount of BTC and they still could manipulate the market, it will not last for a long when capitalization rise they couldn't do such things

Of course, they are here because they believe on the potential of bitcoin.
There are whales also who dump but that is just a manipulation to make the price cheap but they will re buy it and sell it at a good profit.
That's how they make easy money in a short period of time.

[nlaara12]

The market is still young,we can say is in progress, then we have so much manipulation going on with crypto market,I believe with time the market will grow mature.

[Wind_Crypto]

the uncertainties regarding any new asset class is huge. and bitcoin/crypto is one of the newer asset classes to hit our financial history in recent times... hopefully, as more ppl own/use it, its value will stabilise, just like gold did...

[Cat Coin]

The instability of bitcoin now, in my opinion, is due to several reasons. One of them, the" youth " of the market, the other, I agree with other participants that includes a lot of money, so they play on the decline sharply, because the amount of bitcoin is limited.

[DevilSlayer]

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 price of the bitcoin is base on the supply and the demand in the cryptocurrency market. I can say that the price of the bitcoin is predictable through the use of technical analysis. There are a lot of tools that we can use in order to predict the price of the bitcoin.

[fakmee]

I think there are a still some whale bitcoin holders with a huge amount of BTC and they still could manipulate the market, it will not last for a long when capitalization rise they couldn't do such things

well I agree. and I also don't like people with BTC capital that many can do as they like, but that reality is happening now. so the time to go up is sure to come, it's just that all we can do is HodL and be patient

[LeoEspansq]

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

Bitcoin for all investors is the last stronghold before being transferred to a cash asset. But unfortunately so far it does not work and is practically not used for the holding. Let's wait a bit for the market to finally come to life.

[kidflash]

I think an unpredictable market would make it more realistic not less. If everyone knows whats going to happen thats when the dynamic is probably false. You can check more info at https://www.youtube.com/watch?v=2m6efyYFEWA

[audyearls]

I also don't know what the main reason for bitcoin's unpredictability is now, and even today bitcoin and other altcoins are still unpredictable, maybe later with the market recovery, bitcoin and other altcoins won't be difficult to predict anymore, it's just not anyone knows when market recovery will happen.

[Summation]

Because bitcoin has a lot of speculative properties, it is not so stable. Before it is fully exploited, the price of bitcoin will always rise and fall with the manipulation of funds by investors. This cyclical phenomenon Very random, so the price of Bitcoin is unpredictable.

[gostop]

Fortunately, bitcoin can't be predicted. If this is a predictable market then we won't have too many opportunities. Now that we are still in the early days of cryptocurrencies, we still have a chance.

[2tang]

Broadly speaking, not only in bitcoin, almost all cryptoqurency cannot be predicted correctly. I think because BCH fork has something to do with current market prices, moreover I see negative news about crypto more and more popping up, it also includes hampering the development of prices in the market.

[Naughty Princess]

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.

I agree. Market is never predictable that is why we buy and sell the product at the right moment that we could gain profit. We are playing with the risks of investing. This unpredicted price makes it volatile for us to gain from it which is worth everytime. Not all the time prediction is right but sometimes make us lose.