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RE: Bitcoin Price Analysis From a Long-Term Perspective (English/Turkish)
Doing a prediction of the price of Bitcoin is one of the toughest Job of this universe! If any prediction comes true, that's just a fluke in fact! Technical analysis is more effective in the case of Fiat trading pairs (say Forex), unfortunately not that much effective in the case of Cryptos! It's because, this market is totally immature yet! There are a lot of kiddies, manipulators, hackers etc etc who are controlling the value of this market. Technical analysis will be much more effective when we will reach to a mature market where there will be no FUD! This technology is here to stay & gonna rule this world in a near or far future! Long term investors are gonna be the winners, short term investors are gonna be the looser!
I agree and I strongly believe if technical analysis is such a great way, most poeple wouldn’t share that information if it is indeed worth gold. Ie. why take the effort to post it on steemit, analysis is making money for you. Perhaps out of the good of someones heart, but I think these people are most likely in it to make money.
I think TA is fine, but there are porbably only very few who make consistent money with it.
I created a website to rank crypto looking at longterm properties using the Steemit blockchain to write benchmarks and share research with each other.
If anyone is interested just check my posts.