Hello, I'm new here.
I just started trading bitcoin last month. Playing with some change was easy but when I decided that I'm ready to go big, I began to lose.
I started reading analyst blogs and their guess is always on spot. It is like they can control the market some how.
How can they be so sure? I tried looking back for the same pattern they were talking about but the result afterwards is different. What's really going on here?
I believe it is some kind of speculation, no one knows the future unless we made everything to make it happen. One reason for this is that this so called people that gives signal have high influence on their industry. So whatever they said, those who follow them ( especially if they have millions of follower) will have a dramatic effect on the market and will have a ripple effect to outside circle. Imagining a very influencial trader giving signal that x coin will increase by 20x on y time.. Definitely this million followers will buy this x coin and when this y time come, the effect of this buying will greatly increase the price.