Great video, I have the same opinion of you, I am a firm believer on Bitcoin and it's technology, but I am not naive to ignore that our psychology is the same wether we are trading oil or bitcoin. So the rules for traders DO apply for bitcoin and we will see the same dynamics of price discovery that we saw on past times with different commodities.

Bitcoin’s real contribution to the world is its source code. The blockchain, the network protocol, the cryptographic verification — anyone can take this and build a currency with any economic properties their community needs. I’m not convinced that bitcoin’s Austrian School properties can sustain a global (or even local) economy, but you know what? That’s okay. If I ever feel the bitcoin economy has become too unequal, unbalanced, or stagnant, it’s now trivial for me to start my own damn currency.

There is no perfect monetary system for every situation. Bitcoin is not going to be the one world currency, and it doesn’t need to be. A lot of people compare Bitcoin to the Internet, but it’s more like CompuServe. It’s the first of many digital, non-state currencies to come, that will all interoperate with each other in ways we can’t even dream of yet.

What the people who criticize those who use technical analysis and other "wall street" method to trade the volatility need to understand is that they are not hard science, they are a system to make decisions in an enviroment that is extremely uncertain.

It's not a magic formula for making money, but I bet you will survive longer than by just watching the bid/ask wall for making decisions.