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Author Topic: Trading Experts in Hindsight  (Read 112 times)
Darker45 (OP)
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August 07, 2019, 03:48:27 AM
 #1

It is funny how people calling themselves cryptocurrency trading experts offer courses and seminars on cryptocurrency trading techniques and strategies. They will explain to you the current price by way of complicated charts and patterns that will look like the price today is something that can easily be predicted days or weeks or months ago.

Everything that happened to Bitcoin's price made very clear sense to them. In hindsight, that is. They can offer crystal clear explanations with conviction to the path Bitcoin's price tread. They would explain to you all the candles, red and green, and the whys of the spikes and the dumps and all the price movements according to the charts.

But they cannot say with significant certainty what the price is tomorrow, the following week, or the following month. They are experts in hindsight but not in foresight.

Beware of all these experts. They are good in making it appear as if the future price of Bitcoin is right there under your nose. And yet they are busy conducting classes for a few bucks per student. 

 

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hugeblack
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August 07, 2019, 05:42:07 AM
 #2

If I have the ability to predict prices, why waste time selling recommendations to others and I can earn thousands of dollars at a 0% risk.
As for those who make free recommendations do not trust them, some want fame, others want to create FUD, and in the end, no one gives you anything for free.

Generally, you can be an expert if you spend two hours of your time a day learning how to predict prices.



Quote
But they cannot say with significant certainty what the price is tomorrow, the following week, or the following month. They are experts in hindsight but not in foresight.

So don't waste your time building great hopes for things that aren't accurate.

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