So many holes... it's like the titanic all over again
A skilled trader understand how to use fundamentals, sentiment, and TA to properly trade and predict the market.
Prices don't move without being manipulated.
E.G if someone knows they are going to push the price of a coin higher, they first have to BUY that coin so that they can profit. They cannot do this in stealth, it is always exposed on the chart
So "predicting" the market is actually "noticing" accumulation therefore profiting from manipulation
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.
Bitcoin is just a manipulated as altcoins
notice how the media's opinion tends to flip flop when it suits them...
what happened when the announce coinbase's 70 miliion investment?
lol
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, skill is more useful. The low market
WTF? BTC has a higher market cap... what does this mean exactly? What are the ramifactions of this?
The low market cap of altcoins allows more room for "growth" - ever heard of that? That's why you have dozens of coins shooting up 1000% every month
Trading is trading, it doesn't matter what it is you are dealing with.. BTC, Stocks, options, futures.. the main thing is that there are people in the know, and people who aren't
but overall, NOTHING happens without appearing on the chart! So the "skill" is in tracking manipulation
Wow, dude I hope one day you move from altcoins and go to BTC/USD trading or Stocks, because I know I would be winning/taking your money