Post
Topic
Board Speculation
Re: TA 101 A, with MatTheCat.
by
RyNinDaCleM
on 01/05/2016, 14:31:44 UTC
Dude look at the fundamentals:

1) Segregated witness pull request meets the expected delivery time: very positive
2) New version of Bitcoin to be released with a lot of new features due the segregated witness pull request: very positive
3) SegWit has already mined blocks bigger than 3MB and is proving Bitcoin will scale: very positive
4) The powergrab attempts by Classiccoin are dying and Core roadmap is gaining more and more support: very positive
5) Sidechains and Lightning Network sooner than expected, several companies working on it (no more Blockstream FUD), Rootstock soon will make ETH irrelevant: very positive
6) The halvening: there's always hype that the price will explode

So 1 to 5 points will collide with the mega hype of 6 and together will cause a price explosion in the near future (1 to 3 months). Time to look at this and not get too lost with technical analysis to be honest.

I don't care so much about Fundamentals, most of the time, they are just faeries stories for permabulls and permabears to wet their pants about and when we do get a 'hefty' fundamental, such as the Mike Hearn announcement, they are just fodder for the whales to drive the tiddlers into their feeding nets.


I don't really understand how TA can be applied without taking into account fundamentals. A while ago we didn't had segwit and all the rest of the cool stuff that proved Bitcoin can scale without any hassles, now we do and we don't have all that XT/Classic stuff trying to divide the community and so on.. there is a consensus to stick with Core's roadmap, in general everything is much more positive because we are on the right track. Some months ago things felt a bit directionless with Bitcoin, now its great. This, combined with the inherent halving hype, is a very bullish psychology in the back of everyone's mind. So how can you stick to TA only without considering those changes?

Because TA shows weaknesses or strengths that, regardless of fundamentals, shows where the demand is (USD or BTC).
Even with very good fundamentals, if there is no new money or no desire to buy (or all have already bought so still no new money), the price will not rise... At least not a sustainable rise. The same old participants can only cause so much effect on the market. Miners will inevitably sell if the rise isn't to their expectations. So any holding back of selling new supply now (waiting for halving, etc..), will come back sooner or later. This is the largest variable when new money isn't coming in and new BTC is. In that scenario, the supply will outweigh the demand and price is suppressed. Fundamentals are only the stronger factor as long as there is enough money coming in to support it.