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I agree on using TA with success is a lot about experience, and some specific kind of intelligence (dedication) too.
It is definitely not for everyone. You could see TA as a way to get more insight in the market.
More information is always good. Still you need to know what to do with this information of course...
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There is not one single indicator that will scream BUY or SELL for you, but if you know how to interpret some of the many indicators they could definitely be helpful. Basically the theory behind it is mathematically proven. Still you need to know what to do with this data.
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What software did you use to edit that image with, and was it freeware? Those arrows are awesome and I like the slated text and whole look of it for annotating charts. Nothing fancy. MS paint + Imugr. i wonder if people here have suggestions for other better web apps for this kind of thing You must be really talented at MS Paint.  |
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I think it does. The technology is already developed what it needs now is adoption.
Just my opinion. What do I know.
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Oh and to answer OP more specifically:
Most big players in bitcoin trading do not care about the bitcoin technology, which saddens me being a bitcoin enthusiast myself.
They will just keep pumping and dumping, leeching more and more money out of the market. That is also one of the many reasons we keep seeing lower prices.
How will this end? No one knows...
Trading has nothing to do with the technologie anyways. One is a financial decision, the other is a technical innovation. Please show me how your argument is relevant. Well OP asked how the big players in trading are not concerned with hurting bitcoin by pumping and dumping. That's why I addressed these big players, for the most part, do not care about bitcoin at all. And I believe the pump and dumps indeed hurt bitcoins image and the likelihood of this technology going mainstream. |
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Oh and to answer OP more specifically:
Most big players in bitcoin trading do not care about the bitcoin technology, which saddens me being a bitcoin enthusiast myself.
They will just keep pumping and dumping, leeching more and more money out of the market. That is also one of the many reasons we keep seeing lower prices.
How will this end? No one knows...
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It is more profitable for traders to have volatility. In this market you can make money every day.
I see holding bitcoin, and waiting for everyone else to push the price up for you, as way more of a gamble. You're not in control of this situation at all which is too risky for me. You let the whales play with your balls. If they decide to dump you are rekt.
Thus, if you know how to trade, multiplying your investment by trading is more likely than by playing the holding and waiting game.
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Some Chinese based platforms simply provide the best deal:
- Lowest fees
- Most users
- Biggest trade volume
- High leverage margin
A lot of traders on there are actually Europeans and Americans. Of course many Chinese too.
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I just got off the phone with China. New dump incoming!
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I believe simplicity is something good for a game like this so I like it with just regular buying and selling.
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Going down below 260. Just some crazy buyer.
That's my take on this...
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I bought at $263 earlier and was thinking of selling at 253 after seeing the train in flames, but then i took a pause. Returned and now $264...
You suck at trading. I did basically exactly that but then the other way around lol (buy 253, sell 265). XD |
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Extreme pumping and dumping now. Sick.
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These all in moments never seem to work.  |
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Buy now before 270!  |
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Did you guise all remember to cut your looses?  lol nice Never a dull moment with bitcoin. Ask sides of all exchanges are more or less super thin. Could be a bottom.
Yea and also a double bottom formed at ~$247. I call temporarily bottom! Bounce up to maybe ~$270 before next dump? |
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