bitcoin pricing

[prophet malzahar]

how to accuratly predict the price of bitcoin? i know no one knows in the futures but people always investing in bitcoin cannot be randomly.. correct? there must be a reason

[jackg]

There are a couple of systems:

1. Dca - dollar cost averaging, set up a standing order, direct debit or direct deposit to buy funds every month.
2. Buying swings/spurradic moves - while there's little hype there are probably people buying the increase.
3. Technical analysis - look up stuff on Google and YouTube potentially. Some people suggest books but I fear they may be too advanced and overinform people (sometimes simple patterns are easier to trade and faster to learn).

[prophet malzahar]

There are a couple of systems:

1. Dca - dollar cost averaging, set up a standing order, direct debit or direct deposit to buy funds every month.
2. Buying swings/spurradic moves - while there's little hype there are probably people buying the increase.
3. Technical analysis - look up stuff on Google and YouTube potentially. Some people suggest books but I fear they may be too advanced and overinform people (sometimes simple patterns are easier to trade and faster to learn).

ty for quick reply. i did google on dca strategy which allows to be less volatile yes? such that slowly accumiating bitcoin overtime rather then buying all at once?

[actmyname]

ty for quick reply. i did google on dca strategy which allows to be less volatile yes? such that slowly accumiating bitcoin overtime rather then buying all at once?

Just think about it. You avoid the volatility by spreading out your purchases, which means that you're taking the average of the purchases.

If the price swings from 8K to 10K to 6K, you could use the system to get the average of 8K  for your coins instead of possibly 10K at a peak.

[BIT-BENDER]

how to accuratly predict the price of bitcoin? i know no one knows in the futures but people always investing in bitcoin cannot be randomly.. correct? there must be a reason

You want a reason? Here is a simple one
It's not that those people are frequently correct or have a technical strategy that never fails -some might not have at all-.
Hodl is a simple reason -this reason is simple and at same time strong-
https://bitcointalk.org/index.php?topic=375643.0

Hodl -actually hold- buy BITCOIN, hold BITCOIN and in between them watch BITCOIN price.

[prophet malzahar]

Just think about it. You avoid the volatility by spreading out your purchases, which means that you're taking the average of the purchases.

If the price swings from 8K to 10K to 6K, you could use the system to get the average of 8K  for your coins instead of possibly 10K at a peak.

yes but would it be more suitable to buy at lowest and buy highest rather than buying average? also there is still potentials to lose even when averaging strategy

You want a reason? Here is a simple one
It's not that those people are frequently correct or have a technical strategy that never fails -some might not have at all-.
Hodl is a simple reason -this reason is simple and at same time strong-
https://bitcointalk.org/index.php?topic=375643.0

Hodl -actually hold- buy BITCOIN, hold BITCOIN and in between them watch BITCOIN price.

sorry the thread u link is confusings, i take u mean hold bitcoin and never sell?

[actmyname]

yes but would it be more suitable to buy at lowest and buy highest rather than buying average? also there is still potentials to lose even when averaging strategy

It's not up to me to decide which strategy for trading you want to establish. You can try and "buy low sell high" but that would only be if you have the knowledge to speculate with a positive expectation. Taking the average is just mitigating risk and it's more of a low-level strategy that anyone can apply if they just want to get a reasonable price for their Bitcoin.

You can think of DCA as paying the price that corresponds to the average sentiment of Bitcoin over your duration.

[Eureka_07]

There are a couple of systems:

1. Dca - dollar cost averaging, set up a standing order, direct debit or direct deposit to buy funds every month.

As per my understanding about Dollar-Cost Averaging, this does not mean that the period of investment is monthly.

ty for quick reply. i did google on dca strategy which allows to be less volatile yes? such that slowly accumiating bitcoin overtime rather then buying all at once?

Yep, your investment is less risked to votality since you are dividing your investments periodically regardless of the price of the asset.

Personally, I would not fully use this kind of srategy specially if the price of an asset is high during the period of investment.
Better to just buy if the asset has lower value, but you know that the asset is strong, so you will trust.

[prophet malzahar]

It's not up to me to decide which strategy for trading you want to establish. You can try and "buy low sell high" but that would only be if you have the knowledge to speculate with a positive expectation. Taking the average is just mitigating risk and it's more of a low-level strategy that anyone can apply if they just want to get a reasonable price for their Bitcoin.

You can think of DCA as paying the price that corresponds to the average sentiment of Bitcoin over your duration.

i understand, ty for advice. how come people are claiming to predict accurately the prices on coins? is this not true or more risky strategy paying off?

[actmyname]

Better to just buy if the asset has lower value, but you know that the asset is strong, so you will trust.

Yeah, but then the question becomes, "when is the asset undervalued?"

If you can answer that question and get it right more often than you don't, then you're going to make money. The problem is finding a system that is reliable/accurate enough to get you that outcome. If you're too bold with your strategies and play with too much confidence, you might as well play poker. At least there are more fish to hang out with there.

[prophet malzahar]

Yep, your investment is less risked to votality since you are dividing your investments periodically regardless of the price of the asset.

Personally, I would not fully use this kind of srategy specially if the price of an asset is high during the period of investment.
Better to just buy if the asset has lower value, but you know that the asset is strong, so you will trust.

at which point would u personally considers investing in bitcoin, condering peaking was 19k usd last years. also would btc be considered strong asset?

Yeah, but then the question becomes, "when is the asset undervalued?"

If you can answer that question and get it right more often than you don't, then you're going to make money. The problem is finding a system that is reliable/accurate enough to get you that outcome. If you're too bold with your strategies and play with too much confidence, you might as well play poker. At least there are more fish to hang out with there.

is there a way to predict without it becoming gamblings aleternative? how does people do daytrading then

[actmyname]

condering peaking was 19k usd last years.

Do you mean 'last years' as in, over the recent years? The peak of last year's Bitcoin price was roughly US$13000.

is there a way to predict without it becoming gamblings aleternative? how does people do daytrading then

TA, fundamental analysis... these are still technically "gambling" since they're more risk offsets than guarantees. No one has an absolutely reliable system, but as long as you can beat the odds (fees, mainly) and ensure +ev for your inputs, you're going to do well. I'm not experienced in trading, so you'll have to learn from someone else.

[prophet malzahar]

TA, fundamental analysis... these are still technically "gambling" since they're more risk offsets than guarantees. No one has an absolutely reliable system, but as long as you can beat the odds (fees, mainly) and ensure +ev for your inputs, you're going to do well. I'm not experienced in trading, so you'll have to learn from someone else.

so are u saying that day tradings in stock markets is gambling? how so, since they are selling courses on strtegies and methods to learn more about predictions and estimations

[actmyname]

so are u saying that day tradings in stock markets is gambling? how so, since they are selling courses on strtegies and methods to learn more about predictions and estimations

Poker is gambling. But there is also an element of skill. The same can be said about pattern recognition and/or other trading strategies, or betting on sports.

The point is to play enough so that on average, you win. That's how you beat the volatility of randomness: the law of large numbers

[prophet malzahar]

Poker is gambling. But there is also an element of skill. The same can be said about pattern recognition and/or other trading strategies, or betting on sports.

The point is to play enough so that on average, you win. That's how you beat the volatility of randomness: the law of large numbers

are u suggestings that one should get skilled in poker as can use skills garner or rather learn investing strategies on btc/betting?

The fact that in personally know is that most people invest in btc because of its historical price data. Most people knows btc value will always increase due to the low supply and they predict the price with the previous price movement.

but bitcoin does not always increase... i am asking how does people predict these price movements, i know people try to predicting...

You knew about bitcoin and its advantages before now. Bitcoin trading will be at the top choice of every wise individual list. In no time you will be overjoyed with the choice you made, Bitcoin is very worth investing. So, getting into bitcoin definitely not a bad idea.

this is not answering my question.. did u read my posts?

[AakZaki]

no one can predict the price of bitcoin accurately, there will definitely be a slight difference. Nor can a professional technical analysis be accurate. Predicting the price of bitcoin is not only in terms of technical analysis, but also in combination with fundamental analysis. Many strategies can be done. Bitcoin price predictions are just looking for safe points where you need to enter and exit the market in a timely manner.

[Assface16678]

Yes, the market is volatile and this is the reason why many people want to know when is the right time to make a good prediction and win their profit.

If you want to learn with the use of bitcoin price all you need is to make an analysis on your own and read with the use of the market graph this is the easiest thing you could do to make an awareness of the next movement of the bitcoin. I am highly not encouraged to become a dependent person who is waiting for the prediction of other people what is the next movement of the coin.

[odolvlobo]

how to accuratly predict the price of bitcoin? i know no one knows in the futures but people always investing in bitcoin cannot be randomly.. correct? there must be a reason

It appears to me that you are being fooled by something called survivorship bias (https://en.wikipedia.org/wiki/Survivorship_bias). You are focusing on the people who have made money, and overlooking those that have lost money. And most of that is due the fact that the people who have lost money are not around to talk about it (or prefer not to talk about it).

Some people make money. Some people lose money. Nobody can predict the future price of a bitcoin with any degree of certainty -- even the so-called "experts". In my opinion, investment success is mostly random for most people. The key to setting yourself up for success is to gain information and to be able to leverage it. There is no magic formula or strategy. Oh, and regardless what anyone says, technical analysis is astrology for traders.

[Velkro]

how to accuratly predict the price of bitcoin? i know no one knows in the futures but people always investing in bitcoin cannot be randomly.. correct? there must be a reason

Yes people think reason on their own or take opinions of others
Problem is all this predictions are for nothing, maybe best predictions give slight advantage thats it.

Big companies made mistakes, lost tens of millions by investing just before huge price drop.

[Peanutswar]

This is the basic concept of making an investment with the use of bitcoin. Buy low and sell high.

If you want to have bitcoin just make an investment some of the people put their investment at the lowest market price and hold this coin until the price up to ATH.

If you make investment better make sure that don't trust other people still invest at your own risk because it's better to become a dependent investor if you want this better right now to take time read have how does the market graph flow and move this helps you a lot because of hint what is the next outcome of the coins.