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Author Topic: Can anyone Predict What's going on crypto market?  (Read 804 times)
uswa56
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June 09, 2023, 06:54:04 AM
 #41

No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
not all of them are like that, it's just people who don't have the knowledge to guess, the Crypto market is indeed very difficult to predict, but there are several indicators that can be used as a reference before buying or selling it.
that's why in trading or investing in Bitcoin or Altcoin we must have knowledge, don't just enter it because it will result in huge losses, try to study it first before entering the Crypto market.
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June 09, 2023, 08:18:53 AM
 #42

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Have you seen the recent news about SEC vs Binance, this can affect the price on the market and we will see after the news event the price goes down because there will be a lot of panic by investors plus one of the exchanges is attacked then what is more worrying is bankruptcy the same goes for any other exchange.
Binance Redirected $12B to Firms Controlled by CEO Changpeng Zhao, SEC Says



CZ has proven through his Twitter that all the accusations seem to be propaganda from the US aimed at tarnishing Binance's reputation, which has caused panic among some investors. The evidence is clear as the price of BNB has dropped by 14% since CZ was targeted by illogical media outlets. Indeed, although CZ and Binance are the primary targets, Bitcoin is also affected by these events. This is because we know that many people store their Bitcoin on Binance.

CZ explains that user funds stored in Binance amount to around USD $2 billion and have only experienced minor changes due to cryptocurrency price fluctuations. In fact, Binance does not possess assets close to USD $12 billion, not even close. I believe the SEC wants to create panic, but investing during these times actually provides us with a small discount, making it the best time to buy.

Don't forget to practice DCA (Dollar-Cost Averaging) to safeguard against price movements.
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June 09, 2023, 08:58:38 AM
 #43

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Like the statement that has often been conveyed by various groups that what happens in the market is very difficult to predict.
Lately, market price movements have been very difficult to move up due to various problems that have occurred which have had an impact on chart speed.
If we look at it from several angles, maybe the market situation can still be considered normal because volatility is something that cannot be avoided.

By the way, buying with the ability of funds is something that is good to do in a situation like this.

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June 09, 2023, 09:07:31 AM
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 #44

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position.
No one can predict the crypto market with certainty in the future, as price volatility can indicate uncertainty, demand and supply conditions are another important effect that can pump or dump bitcoins at a certain price. So that investment patterns can be made in accordance with their own observations and analysis, so that they can help convince you by looking at some of the considerations of other people's analysis.

Today bitcoin has broken through $26k despite the previous correction and I think the closest possible price at the close of this month is $28k. Maybe the effects of the SEC suing Binance could affect the course of bitcoin and we never know how it will end this month, so anything is possible and events like this do not need to be overly concerned.

Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Negative news will continue to run on bitcoin's journey and we will never be able to stem it, that's why wise analysis can help determine when to enter the market to take some accumulated buys

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June 09, 2023, 10:48:25 AM
 #45

Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
Negative news will continue to run on bitcoin's journey and we will never be able to stem it, that's why wise analysis can help determine when to enter the market to take some accumulated buys
Negative news often hits the Bitcoin market, but Bitcoin is able to get through it by rebounding again after experiencing a correction. Bitcoin recently underwent a slight correction after the SEC sued Binance, the crypto market is slowly falling again due to the case Binance is currently facing. This condition, of course, leaves a number of doubts for investors who want to enter, but there is no need to doubt the bad news that has occurred because the strength of Bitcoin has been very well tested.
Doing some personal research is necessary to determine when is the right time to enter. Indeed, what happened in the past cannot predict accurately what will happen in the future, but historical data can help to understand what has happened and is very useful for decision making.

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June 09, 2023, 11:20:05 AM
 #46

No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
not all of them are like that, it's just people who don't have the knowledge to guess, the Crypto market is indeed very difficult to predict, but there are several indicators that can be used as a reference before buying or selling it.
that's why in trading or investing in Bitcoin or Altcoin we must have knowledge, don't just enter it because it will result in huge losses, try to study it first before entering the Crypto market.
It all depends on how good your ability to predict the market is. If you can analyze the market, you will probably find where the market will move; that is the prediction you will find from the analysis.

But no one can predict the market precisely because the market is too volatile and can move anywhere. But with our skills, we will know where the market is moving, whether it's up, down, or sideways for a while.

If the person is only guessing without having any analysis, he will find it difficult to find the market's direction. And if he decides to enter the market, he will probably make a mistake in buying or selling. Therefore, we must always learn more about trading analysis to know the direction the market is moving.

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June 09, 2023, 11:20:53 AM
 #47

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.
The cryptocurrency market is too unpredictable, it is so sensitive and vulnerable that even a small piece of news can make it go down, just like the recent news about Binance and CZ being sued by SEC made the market dump pretty hard pretty quickly, so any news that is bad can have a negative impact on the market and we never know what news may come out at any time of the years.

One should simply wait and when something like this happens and the market goes down, they should start accumulating from there, doing DCA will be the best strategy since you can never know if the current price is already at the bottom or if it will go down further, or it may go up from there too.

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June 09, 2023, 02:16:56 PM
 #48

In fact, no one can predict the crypto market it is almost impossible because the crypto market is not stable and always goes up and down. If you want to see the situation in the crypto market, you have to wait patiently by investing in currencies like Bitcoin. Such revisions have taken place in previous years as well. Investors who bought at high prices will panic when the price goes down. But they should remember that crypto is in the market and eventually the price will rise again. Most of the currencies in the crypto market are worth bitcoin.

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June 09, 2023, 02:26:45 PM
 #49


According to the economy going down a bit too slowly can new investments be made at the moment.

Usually nothing too busy happens when there is a downward movement of price of goods also in real world. So at the moment expect that the price can either remain dull but it will still accommodate those willing to take risk by gradually buying until the market recover. I think with this second quarter running, we may just be slowing down a bit until the push begins to happen towards the end of the year. RSI is still a little slow on a weekly chart, that could mean not much expectation for the moment.
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June 09, 2023, 02:49:13 PM
 #50

No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
I also don't understand why you think like that, because not everyone who guesses does anything. I'm not even sure if you've done any research on those guessing except for a few people you've seen in person. After all, those who make price predictions are actually not guessing, but rather speculating on prices that have happened before even though this will not be completely accurate because prices always tend to change over time.

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jaberwock
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June 10, 2023, 04:55:04 AM
 #51

No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
I also don't understand why you think like that, because not everyone who guesses does anything. I'm not even sure if you've done any research on those guessing except for a few people you've seen in person. After all, those who make price predictions are actually not guessing, but rather speculating on prices that have happened before even though this will not be completely accurate because prices always tend to change over time.
I think I agree with this. Tons of people try to make a guess but that doesn't mean that they act on it. If I guess that it will go up, doesn't mean I will buy, or if I think it will go down, doesn't mean I am going to sell.

There are two reasons for this, first of all I may have no money and do not want to make that move because of that, secondly I may not believe in my own prediction as well, maybe I say that it will go down but I am not sure about it either so why would I make a move on it, acting upon it means I would lose money if I am wrong, whereas writing about it means nothing to me at all. This is why it is quite important to actually do something about it, and saying something about it means absolutely nothing at all.

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June 10, 2023, 07:48:38 AM
 #52

I think I agree with this. Tons of people try to make a guess but that doesn't mean that they act on it. If I guess that it will go up, doesn't mean I will buy, or if I think it will go down, doesn't mean I am going to sell.

There are two reasons for this, first of all I may have no money and do not want to make that move because of that, secondly I may not believe in my own prediction as well, maybe I say that it will go down but I am not sure about it either so why would I make a move on it, acting upon it means I would lose money if I am wrong, whereas writing about it means nothing to me at all. This is why it is quite important to actually do something about it, and saying something about it means absolutely nothing at all.
Which is why I have always thought that the accuracy of our predictions or our win rate should not be the main way to measure our success as traders or as investors, at the end of the day what matters is how much money you have in your account after a series of trades and whether or not you can beat the performance of those which just hold their coins, and if we are honest about it the majority of the people out there are unable to perform at the required level, which is why they keep speculating about the price but rarely open positions related to their predictions.
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June 10, 2023, 08:48:50 AM
 #53

Negative news often hits the Bitcoin market, but Bitcoin is able to get through it by rebounding again after experiencing a correction. Bitcoin recently underwent a slight correction after the SEC sued Binance, the crypto market is slowly falling again due to the case Binance is currently facing. This condition, of course, leaves a number of doubts for investors who want to enter, but there is no need to doubt the bad news that has occurred because the strength of Bitcoin has been very well tested.
Such is the strength of bitcoin in maintaining itself in the market despite the continuous development of FUD news, however over time bitcoin found its way to recovery and in fact almost all of us know how during the pandemic bitcoin was able to reach its highest ATH at that time. The ESC case suing Binance may spark panic on the part of investors, but this shouldn't need to happen if they are to go in and buy bitcoin.

Even if for the next few days we will see bitcoin fall again, for me this is a good moment to try to accumulate buying, so that we can take advantage of these conditions to collect a slightly larger amount of bitcoins than usual.

Doing some personal research is necessary to determine when is the right time to enter. Indeed, what happened in the past cannot predict accurately what will happen in the future, but historical data can help to understand what has happened and is very useful for decision making.
You are right because doing your own research can give you an idea of confidence in determining the right time to enter the market and people often ignore their own predictive instincts because they believe too much in the speculation and analysis of other people, so that at certain it also did not work as it should and tended to not accurate from the predictions of many speculators.

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June 10, 2023, 03:24:50 PM
 #54

Will never be possible. Investors could only draw assumptions and speculations of how will the market move based on several factors such as news and other relative informations refflecting to world market and this industry in general. Well timeframes would also help with formulation of assumptions or the idea of making a prediction but most of the time, accurately predicting market behavior is impossible especially in this industry wherein market price volatility is in nature since demand is a changing factor which reacts to many things.
No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
I also don't understand why you think like that, because not everyone who guesses does anything. I'm not even sure if you've done any research on those guessing except for a few people you've seen in person. After all, those who make price predictions are actually not guessing, but rather speculating on prices that have happened before even though this will not be completely accurate because prices always tend to change over time.
More of a scientific or valid guess becuse there are basis of those speculations such as previous chart and market price behavior within that month or quarter and such as well as events relative to one another such as halving.

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Asiska02
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June 10, 2023, 04:47:30 PM
 #55

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

As bitcoin lover, you must have been used to news that always have effect on the market and makes it turn down. This is something that is not avoidable and it happens from time to time. But that can’t still change the stance of bitcoin or making new investors not interested in it. New investors will come in, some only wait for the market to go down a bit so that they can enter the market to buy more. Research is paramount in bitcoin and if one does that, you won’t have any problem investing in bitcoin.

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CarnagexD
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June 10, 2023, 05:29:07 PM
 #56

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

As long as there is no war or any global news events that could affect the market, asset classes, and currency will always be in a good position. The main question to ask is "How well can you position yourself?" and "Where would you position yourself?".  Rejection from the downside could be a sign of price going higher but until what high? You can't control the market, but you can control our entry and you exit strategy.

No one can predict future market conditions, if this can be done then they are just guessing, everyone just keeps buying because they hope the future price will improve, other than that usually people who like to guess don't do anything, just give guesses, I even followed several people who gave 2 guesses, namely the price will skyrocket and the price will decrease, if something goes wrong, the post will be deleted.
I also don't understand why you think like that, because not everyone who guesses does anything. I'm not even sure if you've done any research on those guessing except for a few people you've seen in person. After all, those who make price predictions are actually not guessing, but rather speculating on prices that have happened before even though this will not be completely accurate because prices always tend to change over time.
Speculating is nothing when you don't have any system to capitulate the move. If you won't get in, then what for is your technical analysis. What I mean is, you don't need to be 100% precise on your analysis. An investor just need a system to when to get in, and let the rule of probabilities do its role.

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flyingcarpet
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June 10, 2023, 05:44:51 PM
 #57

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

As bitcoin lover, you must have been used to news that always have effect on the market and makes it turn down. This is something that is not avoidable and it happens from time to time. But that can’t still change the stance of bitcoin or making new investors not interested in it. New investors will come in, some only wait for the market to go down a bit so that they can enter the market to buy more. Research is paramount in bitcoin and if one does that, you won’t have any problem investing in bitcoin.

You are absolutely right. We are used to this news now. Suing any exchange or name does not mean that I will exchange my bitcoin. Such events have always existed and will exist. You focus on your investment. Maybe all the news is for you to sell your bitcoins. We don't know and we can never be sure. Therefore, do not shape your investment with these news. Make your own path.
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June 10, 2023, 05:52:56 PM
 #58

Everyone only predicts supported by their own analysis both fundamentally and technically. We speculate on the price of bitcoin in the market and it will always be for the future. Nothing is certain so you (OP) must really consider your own risk to invest.

Negative and positive news will affect the price, so be sure to consider all the consequence of this investment if you want to do it. If you believe all of that can provide a worth it profit, then start investing. One more thing, any predictions and analysis results shared by people are not financial advice so do it at your own risk.

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BitDane
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June 10, 2023, 10:46:25 PM
 #59

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

As bitcoin lover, you must have been used to news that always have effect on the market and makes it turn down. This is something that is not avoidable and it happens from time to time. But that can’t still change the stance of bitcoin or making new investors not interested in it. New investors will come in, some only wait for the market to go down a bit so that they can enter the market to buy more. Research is paramount in bitcoin and if one does that, you won’t have any problem investing in bitcoin.

News has an effect to investors like when news about Bitcoin is negative most investors will shy away from investing into Bitcoin thus resulting in lesser adoption activity.  The news affect the sentiment of the market and at the same time the motivation of investors.  Just like in the recent event.  News about the cases filed by SEC to Binance US and Coinbase has negative effect on Bitcoin, we have seen that due to lesser investors coming into the Bitcoin market, there is less demand created thus we see Bitcoin price goes down.  But the moment the news is overturn with positive news, we will see Bitcoin price uptrending because new investors are flocking into the Bitcoin market.
Oilacris
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June 10, 2023, 10:51:04 PM
 #60

We all know that it is impossible to predict the future of the crypto market. However, according to the current world economy, the market is still in a good position. Still, who knows if there is even any news or when this market will turn around again. According to the economy going down a bit too slowly can new investments be made at the moment.

As bitcoin lover, you must have been used to news that always have effect on the market and makes it turn down. This is something that is not avoidable and it happens from time to time. But that can’t still change the stance of bitcoin or making new investors not interested in it. New investors will come in, some only wait for the market to go down a bit so that they can enter the market to buy more. Research is paramount in bitcoin and if one does that, you won’t have any problem investing in bitcoin.

News has an effect to investors like when news about Bitcoin is negative most investors will shy away from investing into Bitcoin thus resulting in lesser adoption activity.  The news affect the sentiment of the market and at the same time the motivation of investors.  Just like in the recent event.  News about the cases filed by SEC to Binance US and Coinbase has negative effect on Bitcoin, we have seen that due to lesser investors coming into the Bitcoin market, there is less demand created thus we see Bitcoin price goes down.  But the moment the news is overturn with positive news, we will see Bitcoin price uptrending because new investors are flocking into the Bitcoin market.
Back in the past on which we know that fundamentals or news wont really be giving out much effect on crypto space but it turns out on these years on which it do really have that kind of significant

effect on which it did really make the market go in deep reds as of this moment specially with that BInance/SEC issues that we do have recently. Most coins in the market are on huge negatives which
lots had been really be worrying on their portfolio on which they do really believe that it is really that something that would make worst as the days passing by but we know that this isnt something
that we could be able to stay up for long on which it would really be normal that it would really be having its cycle on which means that increasing price would really be the next move.

Once you do step your foot into this market then really get used to it when it comes to market volatility on which this is something that very casual to happen. If you dont make yourself
that familiar then for sure you would definitely be having that huge problem on accepting about volatility and unpredictability.
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