How much can you predict this sh*t?! Or is it pure gamble?

[iv4n]

Honestly, in trading i'm pure gamble. I have zero experience in analysis and sometimes only ask my friend what coin that he bought or maybe do future trading in which coin. Coins that i bought myself usually only BTC, ETH, or BNB which i will hold for longer time and sell when get a little profit.

That's too risky especially in trading, we should have our own analysis to fully understand the market and this makes you more profitable.
In terms of predicting the market price, it is still not sure even if you do your analysis because cryptomarket is very volatile and if you're going to predict the price of shitcoins, that's pure gambling because no one predicted that price accurately, its about hype for every shitcoins, they are just scalpers for sure.

I guess we can use any analysis, based on many factors, and that can give us an idea about where the price is heading! But that will not work all the time, simply new players and whales can disturb the market and push the price in the way they like, and that can be different from our plans! So it's not like there's some strategy or analysis that can help all the time, sometimes you simply need to rely on your intuition and do what you think it's the best! It's not a pure gamble if you are trading with well-known coins, but if you trading with some shitcoins, where most coins are pump and dump schemes then it is pure gambling!

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[beerlover]

Now if the price value in the market is getting high or low it is simply because there are whales behind to control the
market, this is the main reason for the movement of the price for sure anyway.

I cannot agree or accept your point. Market is moved by whales but not all the times. When individuals like you and me are trading in same direction, we will make impact like whales and I do believe these days, this kind of market movements are happening time to time, by considering the adoption level of bitcoins globally.

It's not a pure gamble if you are trading with well-known coins, but if you trading with some shitcoins, where most coins are pump and dump schemes then it is pure gambling!

Yeah reputed coins and technical parts are perfect combination to make easy profits from crypto markets and when we are trading with the help of technical and fundamental analysis then trading is becoming a scientific approach and definitely not a gamble.

[ashmodeus]

well , its not pure gamble , the sentiment like policy etc also contributes to the price of btc or altcoin , even though mostly for shitcoin, its just go high for no reason. from now on , almost every week we got pumped and dumped heavly , as long u confident , u still win on this bull season.

[thesmallgod]

There is high probability that top coin will recover after some drop especially now during the bull run. From my experience, price go down often during the weekend and also the trading volume go down also. However, the price pickup back during the week. This is not always the case but it happen most often

[FanEagle]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

No one can really say, it's just like a gamble, though I wouldn't call it a gamble lol, they are two different things. But same way that you will have to do some research on bets and know which one team is likely to win or lose or what's likely to be the score, that's similar to what you're doing in technical analysis. In technical analysis, you don't really get the actual price of what the asset is going to be in the near future, it's just like you're guessing what it's going to be by using some patterns that shows you what's likely to be the next outcome.

So it's just like a 50/50 thing, and you have to go by that and knowing very well that this may happen, and if not, then it's going to be the other. And that's just how it's meant to be, because I can't imagine what it would be like if everyone is hundred percent certain of what is going to be the next move in the market, just can't imagine that.

[jinxing]

well , its not pure gamble , the sentiment like policy etc also contributes to the price of btc or altcoin , even though mostly for shitcoin, its just go high for no reason. from now on , almost every week we got pumped and dumped heavly , as long u confident , u still win on this bull season.

sometimes analysis can approach accuracy in reading market price movements, but as we know in a matter of seconds the predictions we believe can change drastically because they are confused by whales who are able to pump and dump at any time

[tvplus006]

sometimes analysis can approach accuracy in reading market price movements, but as we know in a matter of seconds the predictions we believe can change drastically because they are confused by whales who are able to pump and dump at any time

If the holder, who has thousands of bitcoins in his account, decides that he urgently needs a yacht and he sells BTC at the market price, this will entail a dump of bitcoin, and with it the dump of the entire market. So very often, such spontaneous decisions to sell BTC have nothing to do with politics or any other news.

[Distinctin]

well , its not pure gamble , the sentiment like policy etc also contributes to the price of btc or altcoin , even though mostly for shitcoin, its just go high for no reason. from now on , almost every week we got pumped and dumped heavly , as long u confident , u still win on this bull season.

You could win if you have patience.
Many were get mad on the market because they fail to get their target price, they even send more complaints about their losses but they didn't find out that it was their fault.
Buy low and sell high but sometimes it happens that it changes to Buy low and sell Low.

People must have to understand how volatility works. It is natural to see that the market moves up and down, and there is no way to tell exactly what will happen next. If we could say that this just like a gamble, life is a gamble anyway, the same as investing.

[suzanne5223]

What causes prices to go up?

There are some specific things that cause market price to go up which block halving is one of the thing, market manipulation, good news, influential person or company accumulation, mining diffculty, level of market demand and supply.

What causes them to go down?

market manipulation (though it help in price increase but it also use to cause dump in price either), fud news, influential person or company exit, mining diffculty, level of market demand and supply.

Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

We can tell when it will happen but the market will bounce back up when it reaches the resistance level though we seem to currently be in altcoin season.

[Mpamaegbu]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

It's because no one truly knows where the market will head to in the next minutes that the SL (Stop Loss) is advised to be used. Trading is highly speculative in nature. Some people have even likened it to gambling (which it isn't, anyway). Perhaps may be because it also has the same risk which gambling has. But generally life itself is risk just like every other business is. On what pushes price up, I will say it's FOMO. Nothing else. The fear of missing out creates the urgent demand for a certain project and that gets more people struggling to buy in without knowing why others started buying in the first place. This scramble causes more people to buy at whatever price that's available for them and price goes up more.

[jinxing]

sometimes analysis can approach accuracy in reading market price movements, but as we know in a matter of seconds the predictions we believe can change drastically because they are confused by whales who are able to pump and dump at any time

If the holder, who has thousands of bitcoins in his account, decides that he urgently needs a yacht and he sells BTC at the market price, this will entail a dump of bitcoin, and with it the dump of the entire market. So very often, such spontaneous decisions to sell BTC have nothing to do with politics or any other news.

yes, but the existence of large disposals by owners of large capital can certainly affect market prices. sometimes it can be detrimental and beneficial to some people

[wxa7115]

The problem here is you actually trying to predict price movements. If someone could with good accuracy, then gawd damn he/she must be one of the richest people now. Traders just use charts to check out the odds of prices going up/down(by really tight percentages), but not necessarily predict them.

This is a very nice way to put it since those are words everyone can understand, the traders that are successful do not really try to predict when or at what level the price will turn around or things like that, they try to enter the market when a specific setup happens.

They do this because they know the particular setup they are chasing has a higher probability to give them profits than if they just entered the market randomly, this is why good traders can spend full days or even weeks without making a single trade as not a single setup takes place, but once it does they are decisive and enter the market as soon as it happens, and as you say if someone could predict what the market will do in an accurate way then that person very quickly would become one of the richest persons around the world even if his capital was minimal, which is why predicting what the market will do accurately is impossible.

[milewilda]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

There's no such patter because this market doesnt really react on technicals on precise manner so its really hard to tell.
Reasons for rise?
1. Adoption/Recognition
2. Hype/Shill
3. Unknown factor(Increase by its own)

Reason for dumps?
1. FUD
2. Hacking incidents
3. Profit taking
4. Again, no actual reason

[abel1337]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

There's no such patter because this market doesnt really react on technicals on precise manner so its really hard to tell.
Reasons for rise?
1. Adoption/Recognition
2. Hype/Shill
3. Unknown factor(Increase by its own)

Reason for dumps?
1. FUD
2. Hacking incidents
3. Profit taking
4. Again, no actual reason

There is always a pattern in the crypto market, I believe that technical analysis is a strong way that traders could rely on. Support/Resistance,  Historical Data, Market patterns, and other factors matters that can help people raise their winning chance in trading. Those reasons for pump and dump that you provided were justifiable but if the market doesn't react on technicals, why would traders study hard learning all about charts?

[harapan]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

The market is very volatile and unpredictable, no matter the amount of indicators you make use of they can't still tell the future, they can only help you know whee the market is heading, no technical analysis is 100% correct, that's why you see even prefessional traders have losing trades, prices go up when there are goodnews and vice versa for price going down, that's why you need both technical analysis and fundamental to predict market movements.

[Hypnosis00]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

The market is very volatile and unpredictable, no matter the amount of indicators you make use of they can't still tell the future, they can only help you know whee the market is heading, no technical analysis is 100% correct, that's why you see even prefessional traders have losing trades, prices go up when there are goodnews and vice versa for price going down, that's why you need both technical analysis and fundamental to predict market movements.

Well, TA and Fundamental analysis are a part of trading. Though it was accepted that we can't predict the exact price of Bitcoin nor seeing its direction but it is a need for us to make market analysis and continue doing that, and why? Because it was necessary and that TA's places an important role in trading otherwise, you will be badly. And you can see a big difference when are trading knowing nothing compared to when you have some idea of what is going on in the market.

[Quidat]

From 50/50 (it could swing either way and you can have zero knowledge on which way it'll swing), to %1-100 being able to know before hand, how much can you know?

What causes prices to go up? What causes them to go down? Obviously, no one knows for certain when it would happened, but has there been a consistent "pattern" lately? When prices have gone down, have you known to a reasonable degree than they would bounce back up? How?

The market is very volatile and unpredictable, no matter the amount of indicators you make use of they can't still tell the future, they can only help you know whee the market is heading, no technical analysis is 100% correct, that's why you see even prefessional traders have losing trades, prices go up when there are goodnews and vice versa for price going down, that's why you need both technical analysis and fundamental to predict market movements.

Well, TA and Fundamental analysis are a part of trading. Though it was accepted that we can't predict the exact price of Bitcoin nor seeing its direction but it is a need for us to make market analysis and continue doing that, and why? Because it was necessary and that TA's places an important role in trading otherwise, you will be badly. And you can see a big difference when are trading knowing nothing compared to when you have some idea of what is going on in the market.

You can really compare between the two into those traders or investors who do make use of technicals and to those who do just blindly make out some moves without any basis.
There are really differences to those who are experience and to those who are just starting or doesnt really know much about these things.Its not pure gamble
if you do apply something on it like some sort of analysis that you made up. Predicting is always been hard due to lots of factors
but due to experience you would able to sustain yourself.

[martina14]

If you are planning to invest or buying one of the Shitc**ns this is not a pure gamble instead it is a pure risky to invest.
Maybe out of 100% there is only 5% chances for you to get earnings with it dude in my own assessment. Though, for now I cannot deny a lot of the shitcoins in the market are rising while bitcoin price value was down. But just like the other says do it at your own risk.

[fullhdpixel]

Reasons for rise?
1. Adoption/Recognition
2. Hype/Shill
3. Unknown factor(Increase by its own)

Well, there are other reasons as well like the announcements being made in the market be it Paypal supporting bitcoins purchase or be it Musk disapproving the bitcoin payments for his company. The market doesn't completely rely on these news but at least it gives a hint in which direction the market will move.

Reason for dumps?
1. FUD
2. Hacking incidents
3. Profit taking
4. Again, no actual reason

Some other reasons for dump might be competition in the market. A lot of people started selling their Ethereum when they heard a new giant is coming in the name of PolkaDot but I don't think that was true as Ethereum continues to grow. If a better coin than Bitcoin arrives in the market, which although is hard, I am sure the popularity of Bitcoin will take a hit.

[jaberwock]

If you are planning to invest or buying one of the Shitc**ns this is not a pure gamble instead it is a pure risky to invest.
Maybe out of 100% there is only 5% chances for you to get earnings with it dude in my own assessment. Though, for now I cannot deny a lot of the shitcoins in the market are rising while bitcoin price value was down. But just like the other says do it at your own risk.

Investing or trading shitcoins/memecoins/hyped coins should always be considered as a short term venture. You cannot expect to hold a shit coin or in simple words, a coin that has no value outside its market price because that would eventually result in loss and almost very rarely profit. Imagine someone holding dogecoins when it was something like $0.001 or so and now they can say they are millionaires but that was pure luck and this happens like once in a billion times.

Predicting the price of any cryptocurrency is nearly impossible because you don't know how many traders and investors are there and what they feel about the coin. But at least when you invest in a utility coin, you can rest assured that someday people will realize the potential and then you reap rewards.