Why Bitcoin Is Highly Unpredictable

[Hena101]

Everything became highly unpredictable when everybody want to engage in it and that's the case with bitcoin every body want to invest.

 

[Aaron625]

I tell you bro, I do talk to my partner about patience in this thing, if you aren't patient enough you will lose money, and that part I'd most painful part.

Yeah patience really matters in every thing may it be even crypto trading. If we are not patient , we are more or less seeing crypto trading as kind of gambling and losing it in the end

 

[GIFTMICHAEL]

Bitcoin is predictable at times when you're more into it. It isn't about luck, but when you red more you'll come to know about what's trending.

 

[Dowenship]

Bitcoin is predictable at times when you're more into it. It isn't about luck, but when you red more you'll come to know about what's trending.

Nah, if you are a trader you will testify that crypto currency is not predictable at times, since the bullish run have started no body expected the constant rise we are experiencing now.

 

[GIFTMICHAEL]

Nah, if you are a trader you will testify that crypto currency is not predictable at times, since the bullish run have started no body expected the constant rise we are experiencing now.

What I'll say is that Cryptocurrency isn't easy to predict, at times its predictable and at times too it isn't predictable at all. That's the nature if the coins.

 

[tyrim88]

The major reason why some countries are still sceptical of Bitcoin is simply because it is unregulated. It can give you 100% gain in one day. And yes, you can lose 95% of your funds in hours. It depends on those pumping it. So the price of Bitcoin fluctuates thankfully to the "pumpers" and profit takers.

From the nature of the cryptocurency it is very possible to make double of your investment in days and this can also translate to big losses as well,due to the volatility,this is the major reason a state would not want to involve in such a currency value,because it is filled with uncertainty and the actual value of the cryptocurency cannot be evaluated.No regulation and control.

 

[McIrx]

From the nature of the cryptocurency it is very possible to make double of your investment in days and this can also translate to big losses as well,due to the volatility,this is the major reason a state would not want to involve in such a currency value,because it is filled with uncertainty and the actual value of the cryptocurency cannot be evaluated.No regulation and control.

That is why it's such an intriguing business to participate in. Most folks think they have control of the market. I always laugh at them because I believe investing in crypto is just like trying to shoot a dart with both eyes closed; you may hit the target, and you may miss. After shooting for a couple times you already know where the target is. But external unseen factors will still make one shoot widely despite the familiarity.

 

[tyrim88]

That is why it's such an intriguing business to participate in. Most folks think they have control of the market. I always laugh at them because I believe investing in crypto is just like trying to shoot a dart with both eyes closed; you may hit the target, and you may miss. After shooting for a couple times you already know where the target is. But external unseen factors will still make one shoot widely despite the familiarity.

That is the very reason it is termed a very volitile trade to venture into,because the market fluctuations can be something else,and this can be determine by a lot of factors,to even just a remark or comment by an authority in the financial arena can trigger a change.

 

[Sotherefore]

All these is a pure technical analysis and so many cryptocurrency expert understand how it works. It deals with support and resistance . There are some stronger support and resistance level in which there is likely to be a strong buying order and selling order.