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Author Topic: Bitcoin follow statistics  (Read 42 times)
Ralphson
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July 18, 2018, 11:43:35 PM
 #1

Hello there, this year's bearish market makes me think to myself sometimes that does bitcoin really follow statistics..
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franky1
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July 18, 2018, 11:59:03 PM
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bitcoin is not AI. it has no voice, no legs, no arms. bitcoin doesnt follow anything.

the price follows whomever limited population is logged into an exchange. in most cases its day traders using bots.
in many cases these bots are not following real cost controls/support (technical analysis)
instead these bots are lazily programmed to sheep follow trend anals.

trend anals vs technical analysis are 2 separate things.

following trends, is not smart. is not based on anything realistic. its just going in circles insanely for no reason but to repeat the past
if we get bots to stop trend analing. and instead actualy be smartbots that sek out real value support stats. then things can move on, and progress





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