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Author Topic: Are charts useful for long term investors?  (Read 246 times)
Jet Cash
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March 20, 2018, 12:44:46 PM
 #1

I can see that chart analysis is extremely useful for short term traders, but how useful is it for long term investors? By long term, I mean more than two years. I think one has to step back and look at the world economy, and the changes in the banking system, and make decisions based on one's opinion of the future prospects. I'm not sure that short term price movements, or even historic data, are major factors that one should consider.

I will agree that chart analysis can help with the timing of buying, but I don't think this is a major factor in view of the long term potential for Bitcoin.

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March 20, 2018, 12:50:20 PM
 #2

In the short term it is clear that they are useful but in the long term I don't think prices follow an certain path, many things can change the long term path.

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March 20, 2018, 12:55:07 PM
 #3

Hard to tell, isn't it? Two years ago, Bitcoin was hovering around the hundreds of dollar range, and yes, a move by several hundred dollars could have meant a doubling or even tripling. Not quite as easy to get that now once Bitcoin has past 10k. I don't see doublings anymore since December last year. As far as I know, I've seen short term traders, or rather, day traders say they get a lot of success, but then you see totally conflicting TA charts, and both sides make money, so really I think in day trading the swings means almost any TA can get "correct" results, depending on how they're seen.

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March 20, 2018, 01:29:08 PM
 #4

In the short term it is clear that they are useful but in the long term I don't think prices follow an certain path, many things can change the long term path.
I think it could be, if the miner keeps monitoring the price of the movement, sells and buys appropriately, gets huge profits, yes but it takes extra patience for the long term, nothing is impossible


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March 20, 2018, 01:41:28 PM
 #5

actually i think charts are best for long term investors not the short term ones, from monthly to 2 years that you are looking for. because when it comes to long term all the drama goes away and becomes ineffective. but in short term the drama is all that matters and it makes using charts nearly impossible.

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March 20, 2018, 01:55:28 PM
 #6

We've got all these crowd wisdom trading platforms, big data /deep data insight, machine learning, AI, platforms all seemingly happening upon the newfound wisdom of TA... yet not a single one of these can claim to have reliable results with consistent performance. I think even the most astute traders wouldn't dare claim that their charts instil confidence in them.

I'm not saying they're completely useless... but I think they are as useful as the purposes they're built for. As useful as the traders who use them make them out to be. I don't do more than dabble, but it should say something when people start posting charts for as long as they look useful... and then stay remarkably silent when Bitcoin just goes off script.

I still think people get lucky. And they want to see the recipe for luck in charts.

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March 20, 2018, 02:02:19 PM
 #7

Not very? I mean, maybe you could make an educated guess on where the price will end up in a few years, but that's also exactly what short term traders do, except over a much shorter period lol. If you've basically decided that you're holding for the long term, ignoring price movements, I'm fairly sure charts are useless for you.

Either way, I don't think charts are very useful for Bitcoin. Prices are affected by the most mundane developments, and you can't really predict those. They don't form patterns across time either, so you can't say prices will fall around September 2018, because the same thing happened in 2017 when news of the China bans broke.

It's nice when chart predictions go right, but everyone knows that luck is a big factor -- maybe even the biggest.

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March 20, 2018, 04:18:09 PM
 #8

Analysing charts can help for short term traders but you have to be a genius to determine the price after one month or more just from reading and analysing charts. It can easilly mislead you.
To predict the price you have to stay update and read all the related news.

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March 20, 2018, 05:18:52 PM
 #9

I also thinks that charts really helps a lot with those who trade for short to mid term process, as they can review previous movements and predict
or assess what would be the next thing to happen, but for those who are aiming for long term, holding such coins/projects are accompanied by trust
and good understanding, buying or investing for long term doesn't need to have a good basis with the charts as we do believe that keeping the coins
inside our wallet will give us a big fortune after.

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March 20, 2018, 05:51:42 PM
 #10

I can see that chart analysis is extremely useful for short term traders, but how useful is it for long term investors? By long term, I mean more than two years. I think one has to step back and look at the world economy, and the changes in the banking system, and make decisions based on one's opinion of the future prospects. I'm not sure that short term price movements, or even historic data, are major factors that one should consider.

I will agree that chart analysis can help with the timing of buying, but I don't think this is a major factor in view of the long term potential for Bitcoin.
Charts are always useful to predict the potential platform but if you invest in longterm you can research the road map of that coin and top trending coins because  majority of the coins are failed in the market so better you should in top 10 Cryptocurrencies. We don't expect the long term investment in cheap altcoins.

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March 20, 2018, 07:15:38 PM
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I can see that chart analysis is extremely useful for short term traders, but how useful is it for long term investors? By long term, I mean more than two years. I think one has to step back and look at the world economy, and the changes in the banking system, and make decisions based on one's opinion of the future prospects. I'm not sure that short term price movements, or even historic data, are major factors that one should consider.for me.

I will agree that chart analysis can help with the timing of buying, but I don't think this is a major factor in view of the long term potential for Bitcoin.

It can help, but it's not going to be the deciding factor

If you're investing long term then what you should really be looking at is research. Instead of trying to predict trends off charts which is pretty dumb if you're a long term investor, research about bitcoin, research about the economy, and form your own opinion. Short term price movement like a 30-40% dip here and there shouldn't even affect your strategy long term, if anything, that just means a buying opportunity.

The charts can tell you whether it's a good time to buy/sell in the short run, but it won't tell you whether or not bitcoin is going to go mainstream and get mass adopted in the future. That is up to you to think about and decide.

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March 20, 2018, 08:13:38 PM
 #12

One problem with charts is that they can be self fulfilling. If a chart says that a drop will happen, then it probably will as people follow the projection. Of course this is short term, but it is one way that fast reacting guys who can understand the charts can make money. The interesting time comes when two chart theories have opposite views.

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March 20, 2018, 08:19:13 PM
 #13

Long term technical analysis helps to confirm good/bad fundamentals of the coin/company

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March 20, 2018, 08:28:47 PM
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No, In my opinion such charts and technical analysis are really useless expecially for long-term investors. News are much more effective than any other thing.

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March 20, 2018, 08:37:48 PM
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In fact throughout my experience as a trader, I have been quite reluctant to the idea that the charts provided by the technical analysis may be of some usefulness when making decisions regarding our long-term investments.

Anyone with a basic knowledge of markets knows that historical data are irrelevant in times of economic crisis, and this is especially true in a market as new as the cryptocurrencies one, so our caution should always prevail when it comes to make our investment decisions,not trusting too much in those supposed "gurus" that prevail in social networks nowadays.
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March 20, 2018, 09:58:08 PM
 #16

Graphics remain useful for long-term investors. They may at any time want to see sharp price movements happening on the market after they heard the panic rumors, how strongly this and that news can affect market prices.

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March 20, 2018, 11:21:01 PM
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I think the main aspect of long term charts for the early adopters is to focus on bottom development. While peaks only represent speculation and hype, and thus incorrectly portrays a different overall picture, the bottoms indicate a more 'conservative' form of long term growth development. For me personally that has been a solid indicator of growth, and as long as bottoms are being set on top of each other, the market remains strong. If this pattern gets broken through at some point in the future, that will be a clear sign of a much lower form of long term demand, and even result in a bear market phase that might hold on for years potentially. This market grows because of how tiny it still is, but when the big guns entered the game, and the market has matured, a longer term bear market might be something we will go through. Every market goes through such a phase, and Bitcoin will definitely not be an exception. The charts will speak for themselves.
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March 20, 2018, 11:57:22 PM
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In fact throughout my experience as a trader, I have been quite reluctant to the idea that the charts provided by the technical analysis may be of some usefulness when making decisions regarding our long-term investments.

Anyone with a basic knowledge of markets knows that historical data are irrelevant in times of economic crisis, and this is especially true in a market as new as the cryptocurrencies one, so our caution should always prevail when it comes to make our investment decisions,not trusting too much in those supposed "gurus" that prevail in social networks nowadays.

Yes, there are many other factors which may affect your long term investment which charts would not account for. Anything may happen which cannot be seen in the charts such as an unforeseen financial crash or crisis.

For a long term investor, the charts may not do so much but instead perhaps would show the bitcoin price behaves over the past years. Some long term investors get cold feet when the price drops to about 30-40% but if they were to judge the charts, they would be able to see that it is the price of trend of btc. But when it comes to making long term investment decisions, the charts don't have that much contribution.
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March 21, 2018, 09:52:34 AM
 #19

No, In my opinion such charts and technical analysis are really useless expecially for long-term investors. News are much more effective than any other thing.

Definitely correct, charts or graph is applicable only for short term or daily trading, if you want to take long term investment, try to find a coin that is really pump up after a couple of months or years,  XVG, OKCASH and  XRP is good for long term of investment.
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March 21, 2018, 10:25:55 AM
 #20

Analysing charts can help for short term traders but you have to be a genius to determine the price after one month or more just from reading and analysing charts. It can easilly mislead you.
To predict the price you have to stay update and read all the related news.
yups,still the latest issues and news will decide what would be the price of every coin specially bitcoin,how would a old chart help the recent price,this is the reason why more of us fails,becauseof lots on analysis that in the end conflicting each others

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