You are viewing a single comment's thread from:

RE: Bitcoin bulls preparing for a push higher

in #bitcoin6 years ago

Well Bitcoin is not easy to predict and I don't think you will get any good results by doing mathematical analysis and curves and such other stuff

Thanks for your thoughts, I and many others do this successfully for a living.

The market is volatile because there are so many actors at play, some want the price to go higher, then governments regulate, other guys (whales) sell, billionaires invest etc and there are even some who use the media to bad mouth it.

The forex market has all that, is degrees of magnitude larger and is less volatile ... go figure

I thing one has to go by gut feeling

Probably about the only thing sensical you've said - intuition is arguably what separates good traders from the mediocre.

In conclusion, thanks for your 2 cents, but you obviously lack the qualifications and experience necessary to discuss this topic with even a smidgen of authority, let alone question the methodology of a professional. I have to wonder if you also try to teach mechanics how to fix cars, architects how to design buildings, dentists how to perform root canal etc etc

Sort:  

No, but I do think traders aren't that reliable, if they were they would already be millionaires and wouldn't need to be trying out cryptos. This is not a profession it is hit or miss.