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RE: Haejin - Which Came First - The Predictions Or The Steem? Analysis/Comments Inspired By @berniesanders' Flag Attack on @haejin
Simple, he calls higher highs and is right more often in a bull market but is wrong more often in a bear market. He made outlandish calls in December and January that are still down bigtime.
His major downfall though is him silencing people that provide counterpoints to his TA by flagging them to death. I have had my rep destroyed twice by him and starjuno simply because I suggested coins like Bitconnect were a scam and it was bad TA to suggest buying in at $400. It is now at $1.17, so this is a brutally unfair system where someone can make $300 on terrible advice, and in turn flag and wipe out pending payments because someone argued against him
This is absolutely correct. A rising market makes everyone look like a genius.
Analysis is a weird game. You can be right only 30% of the time and make tons of money if your money management rules are good.
Is haejin good at TA? No - based on my almost 20 years in the game. The good news is that crypto is an incredibly volatile asset class so it almost doesn't matter. All his recent posts have been RandomCoin up 3498735% since analysis! And I'm thinking yeah... the whole market is up.
He's done a hell of a job of figuring out how to profit from content though.
I agree, you do not need to be right often as long as you manage your buy and sell orders correctly.
The funny thing is, even during the bull run where he was describing explosions and how great his calls were, if you averaged out the calls he made he was actually below the average coin gain during that time.
So even at his most accurate/profitable time, he was still not anymore useful than just randomly picking coins. For every Explosion of 600% there was another coin that went for triple that.
Then on the flip side when things were bad like the big BTC correction, he was still calling higher highs for several days and suggested it was a minor correction and to not sell.
So when he is right he is lucky to be above average market, and when he is wrong it is beyond bad.
Him figuring out how to profit is pretty simple. Make secondary accounts and/or make a deal with other whales and just upovote and promote one another only. He is downvoted so much, but it means nothing since he and his friends have so much power now on this platform. If him, rancho, and starjuno didn't vote for his content he would be earning nothing.
His whole reward scamming thing isn't even my biggest issue with him. I just hate how he plays the victim card because he is getting rewards declined, yet has no issues doing it to others and not just destroying payouts but then knocking rep down 30-40 levels at a time. Why because I thought Bern coin was a bad investment because they literally have no team, no forum activity, no whitepaper. But the bottom of a cup and handle is forming, what a joke. It is down btw...