Post
Topic
Board Trading Discussion
Re: What is Bitcoin up since after Dump?
by
Wexnident
on 22/11/2021, 08:27:10 UTC
People DEFINITELY do not know where the market is going, it is impossible for them to know. I know that people "think" they know what the market is doing but the reality is that they have no idea where the market is going at all. I hope that people will realize that they are making assumptions and not predicting the future because I have seen too many "twitter influencers" in the world that claim they know what they are doing.

99% of those people end up being wrong in the end and making people lose money just because they trusted him, during bear markets they are losing money and staying low, during bull markets they come out and talk about ton of coins because eventually one of them will skyrocket since it's the bull market. It is disgusting.
But they do have a basis for what they "think". This doesn't mean that it should be talked bad though, some technical analysis does in the end make sense, and in the first place, people who ask for advice from analysts should not use it as their ENTIRE basis for judging the market. It should be considered, but that's about it. There's also analysis in taking into account as to why the market acted that way, and possibilities of what it would go imo.

Though I do agree, Twitter (or any other sort of influencer without any active background on the analysis) shouldn't be trusted.