You know why 90% of retailers loose against the market? Because they do what you did. Blindly investing into something they dont understand at all. Its like I would invest into a company producing horseshoes. I dont know shit about that business, so before investing in it, I should try to find out about the chances and risks of that business.
I would highly advise you to go and learn technical analysis, and also learn about what are the strenghts and weaknesses of BTCUSD vs other coins and how it fundamentals could pump or dump the price. Also you should get an tiwtter account and follow ElonMusk there, as his tweets can turn the markets upside down. And we are only scratching the surface here. But with this knowledge, you could profit quite some...
I would say that you are both right about not understanding the market and losing, but technical analysis is also not the only way to do that neither. If you understand and how the market works then you could make some sort of profit from it one way or another. I personally do not do TA too much, I do know it a bit but it is irrelevant because I am not using it for other reasons.I would highly advise you to go and learn technical analysis, and also learn about what are the strenghts and weaknesses of BTCUSD vs other coins and how it fundamentals could pump or dump the price. Also you should get an tiwtter account and follow ElonMusk there, as his tweets can turn the markets upside down. And we are only scratching the surface here. But with this knowledge, you could profit quite some...
I personally make as much profit as I can from the sudden crashes and then sudden increases. Whenever a coin drops to a very low level, I end up buying it, and whenever it goes up then I get to sell it. Just like what happened recently, if I ended up buying when it crashed and sold when it is up now, that would be ideal for me. I am in long investment for now so I end up buying at all prices and not sell anything, but that situation was something I did many times before.
Looks like we need to define TA first, before continuing here
To me, TA is looking for a Trend (HH/HL/HH/etc) and combining this with Supprot and resistance. If you say "Whenever a coin drops to a very low level," I am sure you are trying to somehow identify that level, before BtcUsd or any other coin reaches that level, right? And that is basically TA, isnt it?!