Irony

[Julian ogan]

I dont know whether the way I understood the discussion is Right or wrong.

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

Then, my friend said, know about the team that is building it if that has the potential then you can easy thrust as the good team will always take the project higher etc.,

This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

[Lakai01]

I am not sure what are you trying to say. Arr you talking about trustworthy altcoin projects, the whole cryptocurrency market in general, BTC, ...?

Anyways your friend is right: only invest in well known projects with a strong team and an already working product.

[mk4]

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

I don't see how you can determine a project's trustworthiness through TA.

This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

The people working on BTC, specifically bitcoin core, is not unknown. You can even see the contributors to bitcoin core's code in their GitHub repository[1]. Only Satoshi Nakamoto, bitcoin's inventor, is unknown; not the teams that are currently working on bitcoin.

[1] https://github.com/bitcoin/bitcoin/graphs/contributors?from=2018-01-01&to=2019-05-04&type=c

[mu_enrico]

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

TA does not work for low market cap coins with little to no trading volume and/or trading participants. This is because TA measures sentiment thus needs adequate data samples.

Then, my friend said, know about the team that is building it if that has the potential then you can easy thrust as the good team will always take the project higher etc.,

Well, you should treat this case similar to business valuation. It would be best if you know the product (MVP), team, leaders, funds, etc. If you do not have enough experience in investing, I suggest you not to invest for a couple of months while learning about this industry.

This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

Actually, only the founder/inventor is unknown, and we still know who the "backers" are.

[r1s2g3]

There is some difference between how the BTC started and how the current crypto currency are getting started.
Founder of BTC saw a problem in centralized currency system and created a decentralized system. Founder was not working for gathering the profits. Current cryto currency startups ( which are legit as most of them are scam) are working on the same way the large business works but they accept crypto. They are motivated by profits.

[rosezionjohn]

This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

Your friend made a very good point and I believe you should really take that into consideration. Perhaps what's not mentioned, which made you confused, is the community that backs the project. It's true that btc founder is still unknown to many a decade after the coin was launched but it was able to build a strong community. So there, if you want small caps, check the team and the community.

[Sharon121212]

When the person asked you to find out the owners behind the crypto he/she never meant know them in person they are various ways to know the competence of an someone without meeting the person.
It's true the owner of bitcoin satoshi nakamoto is unknown but his works, ideas, vision is very legendary.
Get to know the team behind any cryptocurrency, check there white paper understand there idea and more

[pooya87]

This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

there is a difference between
* bitcoin that has no premine, ICO, fundraising,... and you are not paying the "developers" to get the coins!
and
* and altcoin or token that has premine, ICO, fundraising,... and you are indeed buying the token from the developer who created it out of thin air. that is why people say you should know the people behind the project!

otherwise you should NOT want to know who is behind a project as long as it is decentralized. otherwise if you are trusting "people" instead of the "project" then you are centralizing that project. same with bitcoin, people trust bitcoin not because of Satoshi or the current bitcoin-core developers. people trust bitcoin because it is decentralized and is doing what it is supposed to without any shady business done by developers like what most altcoins do usually with premines.

[Lakai01]

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

TA does not work for low market cap coins with little to no trading volume and/or trading participants. This is because TA measures sentiment thus needs adequate data samples.

In my opinion TA doesnt work for crypto currencies in general. I did a lot of TA in 2017 and followed a lot of well known traders at Twitter etc. None of them (and neither me) was able to predict anything based on TA, the market was way too volatile and news driven back then.
But TA is definitly nothing for newbies, you would get rekt in no matter of time.

[r1s2g3]

In my opinion TA doesnt work for crypto currencies in general. I did a lot of TA in 2017 and followed a lot of well known traders at Twitter etc. None of them (and neither me) was able to predict anything based on TA, the market was way too volatile and news driven back then.
But TA is definitly nothing for newbies, you would get rekt in no matter of time.

Since you used the TA , I will like to know that how accurate you find it for stock markets?

I guess TA does not work because this is very new market . Once everybody had understood crypto then I guess we will not see so much volatility in market. Currently market is more on sentiments than on fundamentals.

[Lakai01]

In my opinion TA doesnt work for crypto currencies in general. I did a lot of TA in 2017 and followed a lot of well known traders at Twitter etc. None of them (and neither me) was able to predict anything based on TA, the market was way too volatile and news driven back then.
But TA is definitly nothing for newbies, you would get rekt in no matter of time.

Since you used the TA , I will like to know that how accurate you find it for stock markets?

In classic markets such as stocks / oil etc. the TA works to a certain extent in my opinion. But I'm not sure if it works because it works, or if there are a lot of bots that act on specific patterns and TA works because of that. In my opinion, the latter applies more. Man simply tends to see patterns even if there are none.

[1miau]

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

TA does not work for low market cap coins with little to no trading volume and/or trading participants. This is because TA measures sentiment thus needs adequate data samples.

In my opinion TA doesnt work for crypto currencies in general. I did a lot of TA in 2017 and followed a lot of well known traders at Twitter etc. None of them (and neither me) was able to predict anything based on TA, the market was way too volatile and news driven back then.
But TA is definitly nothing for newbies, you would get rekt in no matter of time.

That's true and a good advice. Many Newbies come into crypto and want to get rich but there is no way to do so by a reliable strategy. They take loans because they think they have detected a trading strategy and end up having big losses. It's not only related to trading but false impressions of trading are a part of it. The Newbies have the impression that traders are always rich, have a Yacht and a Lambo.  
But that's a false impression, around 90 - 95 percent of all traders lose money long-term, only a few (lucky) ones make money but it's not that much how it's often shown if you search for "trader" on Google. Most "successful traders" are spreading their "strategies" on YouTube or expensive tutorials to inexperienced users how they can become rich...

I'm always surprised about them and there is only one question to me:
If they have such great strategies: why are they offering (expensive) lessons and tutorials if they can make money by just using their trading strategies with their own money??!!  

[Velkro]

So., Confusing

There is no confusion here at all.
Bitcoin has estabilished team of well known programmers from all around the world.
Any other coin have one-two programmers from same town usually which is not safe at all for any project actually.
Bitcoin is a thing, almost any other coin is just copy paste of bitcoin with renaming in place and minor changes from original Bitcoin code.

[mu_enrico]

In my opinion TA doesnt work for crypto currencies in general.

TA works to a certain extent with any market that has fear and greed property since it measures trend/sentiment. However, it needs valid and adequate data. Perhaps only BTC that has sufficient data samples (when bots/manipulators are OFF).

I am not a trader, so I only occasionally see a trader's youtube channel for entertainment and education purpose. For example https://www.youtube.com/channel/UCnJjRjmthxPCoQaAL44tR6g
Sometimes he guessed right, and sometimes not
It is a good channel anyway.

I agree that if you only use TA for your investment decision, you will get rekt.

[BitBustah]

Coinmarketcap shows fake volume and false data so the first step is to find accurate data.  Low cap coins are always a gamble and you can't rely on traditional TA.  Even for bitcoin regular analysis doesn't apply like how it would in the stock market.  These markets are much easier to manipulate.

[Dingdongjl]

Why are you still looking on bitcoin? Dont include bitcoin in that, bitcoin is already in the market and even the people behind it is unknown it is already trusted by many people because it is still alive after so many years.

Early adopters invest on bitcoin before because its value isnt that high and they invest on bitcoin without expecting that it will reach almost $20k.



Why you dont trust a project with unknown team on our generation?

It is far more different now, there are lots of interest already in the crypto industry because they know that there is a huge money inside this world that makes other people being greedy and make scam projects etc.

[KualaBit]

I dont know whether the way I understood the discussion is Right or wrong.

I was confused with few things like how to trust any crypto currency(Small cap Coins)? was TA enough?

Then, my friend said, know about the team that is building it if that has the potential then you can easy thrust as the good team will always take the project higher etc.,

This statement made me more confused as the person or team behind BTC is unknown but, still people believe in it. If so then should I be worried about the team in case of other coins? So., Confusing

Other investors use fundamental analysis before investing.  That includes the position of the token/coins in the market, the fund of the project, the team or developer of the project, etc.  Your friend is right when he told you to know the person or team behind the project.  Please be aware that the anonymity of developer raises a red flag especially when they are undergoing a crowdfunding.  Bitcoin had established its industry and several developer of it are not anonymous anymore.  Sure Satoshi Nakamoto is anonymous but he had stopped participating in the development for a very long time (probably behind the scene if he is still up to it).