Post
Topic
Board Altcoin Discussion
Re: Ryan Pumper: Pumpers Picks (Updated Daily)
by
Dr. Coin
on 03/02/2015, 18:06:54 UTC
Sorry, it's because of Santa and Ryan's sheep it's difficult to have a nice conversation, so being abrupt was automatic in this thread, you'r fine. And manipulation exists everywhere, and will continue to exist, I never said manipulation is ALL bad....what people here argue is that these guys are fine manipulators, but not necessarily skilled traders.

In your words, what is s skilled trader? Bearing in mind that nothing moves in this market without being manipulated

A skilled trader understand how to use fundamentals, sentiment, and TA to properly trade and predict the market. So, most of the "skilled" traders in Bitcoin trade primarily BTC/USD not altcoins due to the heavy manipulation you have mentioned. The manipulators take away the usefulness of TA and market sentiment. Also, altcoins have no true demand which is why TA only works so much.

BTC/USD at least has a higher market cap, and A LITTLE more real world demand making skillful trading (using TA/indicators and news) more useful. All in all, even BTC is still too small compared to Forex or Stocks to be comparable and is too heavily manipulated, but compared to the altcoin scene, this skill is more useful.