Quote from: pooya87 on January 09, 2020, 06:11:05 AM

Quote from: fillippone on January 08, 2020, 10:50:20 AM

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well obviously such events have their effects on bitcoin price. it is a global market after all but i can't accept the way people are linking the rise completely with the M.E. events. at best the drama sped up the rising process and it may have been the reason for the start of it but not the reason for its continuation.
besides, as Trump put an end to the tit for tat cycle the drama went back to its previous state while bitcoin price still remains up instead of going back to $7k.

A general statement, not particulary related to your specific assessment or Bitcoin situation.
I read a nice column recently, which said:

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Few things are as satisfying as a good rant, even if you are only a fairly impartial observer to one. A reader recently wrote in to complain about the state of the financial market pundit-sphere, and in honesty I had a lot of sympathy for his complaint. How is it, he asked, that the same strategists who confidently asserted x a little while ago are now pounding the table that 1/x is a clear outcome? If the facts have changed, thats one thing, but if there is no internal consistency to your framework thats something very different -- and much less useful.
A big part of the problem is the incentive structures that are in play. Saying I dont know or its difficult to say doesnt exactly make for good television, whereas stating an opinion with authority confers a powerful aura of credibility. Similarly, sell-side strategists are supposed to offer unique, actionable insights; the two most poisonous adjectives for them are consensus and wishy-washy.

So yes, financial makets is ful of "never in doubt" persons, who in the end are "ofter wrong".
When I report those graphs, correlation or analysis I usually do for discussion purpouses and to feed thoughts, for sure I think they are worth reading and convey some useful insight, but certainly not because I do think those are the truth.
So I share your frustation, even if I am accostumed to that, and I tend to forgive the logical U-turn rality chack impose on those who spelt the truth.