Quote from: speedy963 on April 29, 2022, 09:06:27 AM

Quote from: Silberman on April 27, 2022, 08:24:59 PM

Does it matter? What I mean by this is that some people care a lot about why something is happening at the market when the most important thing is what is happening at the market, it may seem a very slight difference but it is not, if the price of bitcoin is going down it is simply because the ones invested in bitcoin have decided as a group that is going to be the case, so what maters is what are you going to do about it and how do you take advantage of the situation.

Which is exactly why it matters because if you do not understand what's going on you will most likely get rekt. Main reason why lots of people lose out on good gains and loses money instead is because they hardly have any idea what's going on and how things are connected with each other. Those people who only follow or rely on signals for their investments will mostly get rekt as well since when fast market movements happen they cannot react as fast as they should since they do not understand what they are doing and are just waiting for what other signal is next or waiting for the prediction to actually happen when in reality it may not anymore since some change has happened again in the market. Knowledge and the ability to apply that acquired knowledge in whichever suitable scenario is very vital for us crypto enthusiasts since we are in a type of market that is overly volatile.

Something like that can be solved incredibly easy by just having a stop loss, the level of which you decide by using indicators which have nothing to do with the news, and even if you knew what is happening outside the charts if you have a successful strategy then you need to let the price to hit your stop loss and take you out of your position, so nothing changed, which is why I do not think it is important precisely because if there is an important enough news then it would be reflected in the charts sooner or later anyway.