Re: Do you trust chart analysts?

Do you really trust chart analyst?lot of people predict bitcoin price with chart analyst.but i don't trust them.i think bitcoin price and other crypto price depend on supply,demand and NEWS.

don't waste your time with that kind of thing, it's just a speculation that people do, you and also me can also make such speculations. never believe in predictions. bitcoin can never be predicted even by its makers.

This is not correct, the developers could easily earn a fortune since they know the development state of bitcoin better than anyone, so whenever the lightning network is ready if they just bought all the bitcoin they could before announcing it then they will earn money as the market skyrockets thanks to the incredible news, in the regular markets that is illegal but I do not know the status of those actions in an unregulated market like this one.

The point is if bitcoin price can't be predicted, of course traders have a small chance of profit, they don't need to do analysis and
research and of course everything will depend on luck to profit and trading will be the same as gambling lol...

And my point is that under the right circumstances the price of bitcoin can be predicted and I just gave an example in my previous post, it is obvious that such a thing its impossible for people like us that do not have that kind of insider information but that doesn't mean that is not possible, but for the rest of us the best strategy is to just hold our coins since those kind of predictions are beyond us.