Post
Topic
Board Altcoin Discussion
Re: Technical analysis won't help you find the next 100x
by
lumeire
on 21/07/2020, 16:10:50 UTC
TA may be good for finding entry and exit points for established coins, but not for finding which ones are going to moon next. For that you should be looking at macro indicators to get ahead of the news. But y'all aren't ready to have that conversation.
Please Mr. Tell us more about that, I am ready to be reached about how to find the coin that is going to have a 100x in it's price. I bet whatever you are going to teach us is gonna be mind opening and I am ready to learn it as well.

Analysis only helps you to make profit in the short term. To be able to profit 50-100 times, you first need to hold it in the long term. Then you need to be patient and wait, in addition there will not be so many altcoins in this market, depending on your luck.
Crypto market is the one in which the prices move pretty fast i.e. it is highly volatile and for sure if you are going to hold an altcoin for long term then the chances of you becoming a millionaire are close to nil, rather you should make it there by the means of trading coins and not just holding your coins, as after 1 year or less most coins loose their entire market cap and go to zero.