What are all the golden rules of bitcoin predicting?

[yat97]

So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.


 One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.

Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.

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[hd49728]

"Buy the hype, sell the news"

Buy the rumor, sell the news. That saying reminds you to buy rumor that can create price dip and sell with the news when price would rise with good news.

If you buy the hype, you will be stucked at all time high or temporary peak, you will be challenged by later dips. If you shake out, you will cut loss and end with loss.

Nobody can predict the market. If you know any investor say, I can predict the market and believe me, my prediction is 100% correct. The best thing to do for you is don't listen to that person.

[bitmover]

Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.

There is no golden rule. You cannot predict the future, neither can famous youtubers.

We faced a very strong bull market, and the price is still about 300% up since 1 year ago.

What to hear the most successful  and widely adopted strategy that you should know? HOLD.

In long term, if bitcoin becomes achieves what it proposed, you will make a lot of money just buy holding, probably more than trying  to predict the future "buying the rumor selling the news".

[22bits]

One thing I know is never sell at a loss?

For any asset I wouldn't rely on this as a rule.  If the underlying reasons and fundamentals concerning the asset no longer fit your investing criteria feel free to sell, don't base it on your entry price.  If you have a thesis about and asset and the price goes way down don't sell if the thesis is still intact. 

[TangentC]

So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.


 One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.

Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.

If you are up huge gains, Take some profit off the table.
Anything over 3X is huge gains.
Investors take profit, Gamblers bet it all until they lose it all.

That profit could be just enough to cover your original investment or more.
It makes it much easier to hodl the rest during the downturns.

Because lets be honest, you got into investing to earn money, which means selling has to be done if you ever want to profit.

Good Luck in your Choices.  

 

[DooMAD]

My personal golden rules of predicting the price:

Rule #1:  Don't.  Markets are fickle.  Just accept that you're gambling.  It's largely a question of luck and being in the right place at the right time.
Rule #2:  If you ignore Rule #1, don't invest more than you can afford to lose.

[avikz]

So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.


 One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.

Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.

Buy the hype, sell the news - this statement may be useful for the day/short term traders but doesn't work for the long term holders. But when it comes to predicting, who the hell bothers about long term holders anyway. But that's what I want to talk about.

Long term holders are inherently bullish about an asset. So the golden rule for them - buy the dip. Cost averaging is the best possible Avenue for the to make money and for that, buying at every dip is important. That's what I personally follow.

[Sterbens]

There is no explicit rule for this matter, you just need to identify all the sources from which the statement comes. always be more critical of something that you are not 100% sure about. always find information that really has an idea that can be accounted for.

So far, what he says in the video, is only limited to a certain period, and its accuracy cannot be fully guaranteed.

you've done the search correctly, but that's not enough. there are still many references that must be known. written rules depending on where the source is obtained.

keep doing research, don't just look at one view, because sometimes hype can backfire for those who are easy to believe, without doing any further searching.

[ChiBitCTy]

The golden rule with any sort of "investing" is have a plan laid out beforehand.  I constantly see people who invest in things ( could be anything ) and they are often not prepared ( they haven't done the proper homework ) as well as not having a plan mapped out when they first buy in.  You need to know where this fits in your portfolio.. is this a long term thing, is it a short term trading move, what is it exactly you are looking to accomplish and when?  Map out your plans!

[BIT-BENDER]

Golden rule from me is that you shouldn't have the motivation to buy crypto-currency or predict it based off golden rules, I know many who follow up prediction on telegram and has only failed following the prediction the pick-up in there, the so called golden rules is like chance rules because, so make profit from it while others just keep searching for a rule they would profit from.
Before a preposition/hypothesis can become a rule it must have accuracy and continuity of success rate.

[Woodie]

"Buy the hype, sell the news" recipe for speculative trading it does work but it's even much better if you know how to read your charts, because 70% of the time you can see your SNR and predict were price is headed and know what to do with your crypto.

Sorry didn't give any golden rules,because I use naked charts and a little bit of some luck

[kryptqnick]

I don't really understand this phrase. First come the news, and then the media spread it and the hype it created around some event. So I'd say buy the news, sell the hype because you should buy once something happened that'll make the price rise, and sell when the topic is overhyped and the price is this at its peak. In any case, this is not the rule of predicting, and it's really hard not to miss that moment when people are suddenly starting to buy or sell. It's easier to see the tendency for some time and then make a long-term investment when the price is pretty low for some time but isn't getting lower IMO.

[CryptoStar19]

Prediction ---> bitcoin will rise in value over time.

Golden rule ---> dollar cost average and HODL.

[Fesatmas]

So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.

avoid things that are hype, because if you follow the news and then execute without thinking, obviously you have trapped your finances. keep thinking realistically in terms of trading, buying and selling must be based on the conclusions you get from the results of your own understanding. Don't be in a hurry to buy, you need to be careful and always keep in touch with people who understand, at least they are experts in the field of analysis, read a lot of the latest journals and articles, so you can use them as a reference.

[fiulpro]

For me the rules might be :

1. Do not believe anyone regarding predictions
2. Do not buy when the price is climbing
3. Remember that you only loose when you encash
4. Do not get influenced by people on Twitter or anywhere for that matter
5. Do not trust small Altcoins
6. Always keep track of the news
7. Always make sure that you have your alarms set for price updates in the market
8. Do not trade for other people , like your family members , friends etc . 

Other than that I do think there are no rules in the market, you learn on the way and try and make the best of it.

[dothebeats]

When in doubt, buy it out

Just kidding. I guess you can say that whenever there is an immense negative press about bitcoin, you can buy some and potentially make a profit off of it. It has been proven time and time again that you can really make money out of bitcoin by just doing that, though you sometimes have to wait for some months in order for your gamble to turn out into something. That's mostly buying bitcoin in general, really. For predictions, there isn't really anything that stands out, as most of the methods that are being used by people differ greatly and does not have a track record of always being successful.

[milewilda]

So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.


 One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.

Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.

Dont get Fomo'ed
Dont get easily fall with FUD
Dont easily get panicked
Be greedy when others are fearful and be fearful when others a greedy
Always set out profit taking/ Dont ask for more
Always set out risk management thing
Dont easily believe with some shills and bullshit talks from popular people
Always rely with your own analysis and not into others

These are just guidelines but not actually a sure thing that could save up your ass into the market. Just play on it well and remember
on what are the things you should gonna do and you would be mostly be fine.

[Dewi Aries]

Still remember about buy rumor, sell news. Because when the things really happen, i mean something that happen about bitcoin, people will start selling theirs. Maybe if you can predict about how stream of bitcoin price, like because affected by market or maybe influencer or maybe something that happen in future is good. But in other side maybe better miss the train than late, because who late is people who get FOMOed and then it can make they lose in trading. And emotion control is important key too.

[mindrust]

Anything can happen. This is all experimental stuff. It can go to a million or to zero. I give it equal chances. As long as you are aware of this, you will be fine. If you forget that, you'll be damned. Predicting is like gambling. Sometimes it happens and sometimes it  doesn't. If you could predict everything right, you wouldn't be asking these questions.

[Fortify]

So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.


 One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.

Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.

That saying has been around for 50+ years, it is not in any way new. The reverse to that particular quote is "If it's already in the news, you're most likely too late". The best traders are super flexible with their rules, they learn their trade and one part of that is adapting to new information constantly. One thing that worked for you for a long time may suddenly stop working, at which point you need to figure out why and whether it's possible to optimize your strategy or abandon it for the next big idea. It is very foolish to say you should never sell at a loss and can end up losing you a lot of money. For instance I bought into a company share at around 2.50, got fed up with seeing how poorly managed it was, so exited it at 1.50 and resulted in a nasty 45% loss. I accepted that and am happy that I got out at the point. It then proceeded down to 0.20 which could have resulted in a 90%+ loss and I very much doubt it will recover for over a decade back to the original point.