You are viewing a single comment's thread from:
RE: Bitcoin’s value is driven by human emotion, not code. Thoughts?
yes, fear and greed, hope and doubt, and the battle to manage these emotions better than the other guy. If you can outsource your decisions to a program, you may have an advantage.
Exactly! The big guys have been using automated systems for a while now, emotionless, fully logical trading machines using algorithm and investor made chart patterns like those mentioned in some of my previous articles.
They're billion dollar machines and they trade millions of small winning trades per day, some as little as a 1 cent price movement. Its known as HFT (high frequency trading) and its apparently the reason for the crash in 2008, when the machines started to sell off massive amounts of random stocks during a malfunction. I'm unsure i believe that however. They're constantly manipulating markets and I think the '08 crash was just another way to shake out small investors so the whales can buy up stock cheap, thus, taking the money from the hands of the public and into the hands of the elite.
Standard procedure.
We can only win if we do what they're doing.
HODL!