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RE: Bitcoin (BTC) Evening Update: A Directional Resolution is Needed
TA is rubbish to the best of my knowledge.
Monkeys do better or the same as TA.
Anyway, you want my opinion about Bitcoin? It is old, outdated, technology, that some still speculated in, one day it will begin to go into a serious bear marked. No-one knows when.
https://www.reddit.com/r/BitcoinMarkets/comments/6dpadt/evidence_that_ta_works/
no we do not want your opinion.
Good, but I will tell you monkeys outperform TA: https://www.automaticfinances.com/monkey-stock-picking/
Your article doesn't prove your point, and is therefore disingenuous propaganda.
I knew it before even clicking it.
Monkey's don't "outperform TA", they outperform mainstream fund managers.
You must be doing real well then
went from $100 august 2016 to $50000 now... what you think is that well???
Like you say any monkey could have made 500 x return over that period. But a monkey who could do proper TA could have done 5000 x over the same period. There are thousands of different systems of doing TA, the vast majority put forward by monkeys and then there is the 1% that actually work like EW. Take a look at the thousands of Analysts that use EW and 99% of them are monkeys who do not understand the principals of EW or just do not have the ability to chart properly. TA done correctly by a technician who understands and applys the principals correctly works 75% of the time plus, which is all the edge you need when trading. TA works its the monkeys applying it that cant.
look at your picture, it is clear who the monkey is.
i think he means it in racist way! like haejin is asian and some racist like to call asians chimps! these persons will get their karma showed up wide up there big asshole!
I guess you are not talking about my comment... all I am saying is that a study with monkeys picking stocks outperformed TA or did the same...
In the end no one knows the future...
so better to buy something of real value to you, like Steem and Steem power and then stop the trading... thats what I do.
hehe glad you liked my picture.
didn't bother to open the link - but this is TA and not stock picking ?
clearly you know the difference ? you do don't you > ? do you ?
you don't - this isn't stock picking or crypto picking but TA
nice pic- bet you pick up all the ladies
I am talking about that TA is rubbish, since it has always been... many studies have proved that ... yet people fall in love in the idea of following TA, since it give them a sense of edge over the market...
I dont think I will succeed to wake people up to this truth, since his TA posts are very popular... so I will just let people be fooled... TA is like gambling
going in blindly Is gambling - when you can study charts and patterns for years and see similar outcomes - then you have a advantage - really not that hard to understand - do your own study , who the heck listens to studys ? dude you are your own study , give it a try , F what you read
segwit, lightning running on testnet.. you might want to keep yourself updated.
and nothing wrong with TA provided by haejin, what are you ranting at? upset about the ongoing pullback? His analysis is very valuable since it teaches you to be aware of several counts so that you can react accordingly and won't suffer any FUD but enjoy the discounts.
"segwit, lightning running on testnet"
Nobody uses Segwit, because it is garbage.
Lightning isn't operational, and it's an off-chain solution, ie not crypto, ie centralized, ie bullshit.
Propaganda much?
lightning is running on testnet, how you would consider it as not operational? I will remind you by the end of Q1-18
You choose Monkeys or Haejin's TA, the result will be the same... https://www.automaticfinances.com/monkey-stock-picking/
or you listen to me: The best crypto in the whole space is STEEM and the best project is EOS.
Add Bitshares... and you have the most powerful basked in the whole market.
Buy those 3 and HOLD (or HODL, like they say in crypto)... and you will win over Haejin's TA and monkeys... fact is that there is nothing new in what Haejin do, TA has been around for ages and have always been rubbish!!
I will keep telling this.
nothing wrong with the picks, I'm bullish on EOS/STEEM/BTS as well and won't argue with you about it.
anyways haejin's analysis provide so much awareness of the possible outcomes which is where you find the real value. many analysis will be stuck in their prediction and are unable to adjust, but not haejin (I've seen many!). he provides several counts and at the end it is a game of probabilities. it helps a ton to be aware of several possible scenarios and it protects you from any kinds of FUD which might lead into some panic sellin or whatever stupid decision. I can only talk for myself but this guy helped me a ton buy calming my mind.
also yes, BTC might be a prototype, and anyway it still has a huge dev team and is the crypto flagship that drives the whole market and opens the gate to the crypto world (and this wont change in the next half year)
I have tested TA and looked into it severel years ago. It never made real sense for me. I understand the concepts but still I couldnt find any evidence that TA outperform holding (or hodling)..
Personally I stopped trading and speculating a lot time ago, now I only buy if I like the fundamental and I can see a strong use case of the drypto.
In the end its only Steem that has that (for me at-least) and where I see EOS and Bitshares having those huge use-cases in the future.
But yes I know many many people speculate in crypt alt coins and bitcoin... its just something I have outgrown.
"segwit, lightning running on testnet" can I laugh... I have heard about those technologies a long time ago, they can't compete will Graphene /which Bitshares, steem and eos is build on", if you ask me.
Also Steem have a real utility, we are using it right now... where as Bitcoin and almost all other ALT coins are "just" money and speculation or bad products.
BTC = gold / LTC =silver /ETH = gas/oil / BCH = cash
Like it or not, it's just the way it is ... for now at least, even if not already used that way ;-)
STEEM is the best coin in the whole market and EOS is thebest project... all other coins are inferior to those!...
So that is why I will outperform most traders buy just buying Steem!
TA is rubbish... check my post on the topic from yesterday.
I've asked your monkeys, but they've never heard about Steem, so sorry mate I have to disappoint you
We need to make a steem monkey... it could outcompete ether Kitties... anyway I am just trying to wake people up to the truth.. TA is rubbish...
The world want to be fooled.. as the saying goes...