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RE: STEEM - Double TOP

in #steem6 years ago

I personally have nothing but the upmost respect for those that can read these charts and attempt to forecast the future movement of the currency. I just believe cryptocurrency currency is a whole different animal that is more unpredictable than any other investment asset we have ever seen, and as such can not be predicted via the same methods we would use in the stock market where the ups and downs are more tied to the performance and profits and future profits of the company and not simply its popularity or reputation. I can be wrong but it just seems the guys that do this for a living on CNBC continue to call their charts only to get egg on the face. Again I mean no disrespect or belittlment, I just think there are way too many factors when in comes to steem or any other cryptocurrency that can instantly and unpredictability move it one way or the other and sometimes doing so with absolutley no explainable reason at all.

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