Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Richy_T
on 28/09/2021, 03:48:19 UTC
The problem I'm having is all these noob acolytes treating it like a self-fullfilling prophecy, and a religion. They buy a small piece of bitcoin and sit on it, waiting for their delayed lottery ticket to strike a winner X months down the road, all because some chart has "promised" them that a certain price will come true by a certain date. Like that is a 100% certainty.

What happens when things don't turn out like they were lead to believe? Will they all lose their shit, sell at a loss and become nocoiners again?

The problem with any kind of analysis is that you become prey to those with a better model (or better information). This to the degree that you are quite likely to perform worse than random. So you have to ask yourself what tier analysis you think you're operating under. For most people the answer will simply be "not good enough".