Post
Topic
Board Bitcoin Discussion
Re: What happens to BITCOIN next ?
by
kryptqnick
on 28/12/2019, 20:01:50 UTC
Of course, it's nice to learn something new and try to apply it. But technical analysis is not something well-respected. It's just a strategy of making predictions, not a strategy of telling the future. And I believe one can do all sorts of things to come up with numbers and stuff, but at best it can lead to a probabilistic conclusion (like, for instance, it seems way less likely that tomorrow Bitcoin will be $10k than that it will be $7k. And if someone says it's gonna be $100k, it's even less likely. So maybe technical analysis can help to narrow down the options and make the figures more precise when it comes to specific probabilities, but I don't think it can do more than that. After all, if it was that easy to learn this and earn money, lots of people would do that and succeed.