Quote from: custard_pudding on August 15, 2019, 10:49:21 PM

technical anaylists, chartists it is fantasy.
Any one can draw line on a chart, draw a line and say a 1000 words, but it is all in the past.
What matters is in the future, and then their lines are 50% right, and 50% wrong.
The future price of bitcoin depends on many things, many have not even been spoken of yet, make a list of good , and bad what could happen.

And only then decide whether to buy or sell.

This is something I have always maintained. The only thing the past is good for is just for prediction, other than that, there is nothing else to be done and it should not even be relied upon when making decision about the future because the past is the past and its gone. The factors and happenings that led to the result of the past are not what is applicable today that then means that there is no basis whatsoever to rely upon in making conclusions on how the future will look like.

Unfortunately, with this sacrosanct fact being known to a lot of people, we still see people behaving in certain ways and expecting the different result thinking it would happen like it happen in the past and this is mostly happening in crypto. People believing let me just chill and relax when the price of bitcoin is ready, it will rise on its own.