I have a sure-fire way to make money day-trading. I go onto a public Internet forum and ask other people for their strategies, because if it works really well I'm sure they'll give the knowledge away for free! The other thing I like to do is when I'm about to put millions of dollars into a stock or Bitcoins, I tell everyone that in a few hours I'm going to spend millions of dollars to drive up stock XYZ (or BTC), and then I wait for everyone else to buy first so that I can buy at a higher price. Then, just before I sell, I do the same thing so that I can make sure to redistribute the wealth.
In other words, I'm pretty sure that 99% of the people on the speculation forum are like me: no clue whatsoever as to what we're doing. We guess, we lose money, sometimes we get lucky and make money and then pat ourselves on the back. And most of us are long Bitcoin, so the only time people are saying the price is going to crash is when they've sold (shorted) and want to buy in lower.
Welcome to the Internet! All the bad free advice you could want -- unless someone is making money off of advertising, in which case they have a reason to try to be useful. Or if they're egotistical and want to show others how smart they are. Good luck spotting the difference!
In other words, I'm pretty sure that 99% of the people on the speculation forum are like me: no clue whatsoever as to what we're doing. We guess, we lose money, sometimes we get lucky and make money and then pat ourselves on the back. And most of us are long Bitcoin, so the only time people are saying the price is going to crash is when they've sold (shorted) and want to buy in lower.
Welcome to the Internet! All the bad free advice you could want -- unless someone is making money off of advertising, in which case they have a reason to try to be useful. Or if they're egotistical and want to show others how smart they are. Good luck spotting the difference!