This is something I found in a channel on telegram some days back, I saved up the image on my device because I found the information to be so true, I decided I will post it here which I am doing right now 😊, but I don't remember which channel I got this from.
Trading then vs trading now..
Trading back then used to be based on how good one is with technical and fundamental analysis, profiting from trading back then used to depend on how good one is with the analysis and also how good the trader is with use of market and price prediction tools.
But today, things seems to have changed, today, it seems being profitable in trading depending on how much information you have access to and how early you have them.
We've seen of late especially since the Trump declared support for Bitcoin way back before he was voted for and installed as the US president, the movement of price of Bitcoin have been largerly centered on his statements and actions, technical and fundamentals analysis doesn't mean much anymore, most traders just wait to know what the US president says or does next to determine their next line of action regarding their trading decision, and I can't help but ask if this is the new way to trade?
By the way, do you even believe in this change that has happened or do you still believe that fundamentals and technical analysis is still the way to go in trading?.
I've been trading since 2020 but I am in crypto since 2014-2015. I've been actively watching Bitcoin's price since 2016-2017. Was there a moment when Bitcoin trading depended on fundamental and technical analysis? I think that Bitcoin's price was always based on speculation but it wasn't very visible till 2020. Since 2020 and 2021, when Elon Musk started tweeting, bitcoin really became very much that meme. You have to follow Elon Musk's Twitter and Trump's Twitter to know whether the price is going up or down. Very recently, there was a moment of SEC's twitter leak that drove the price too. That's very bad to my mind. Wish Bitcoin was more driven by many other news instead of tweets of two idiots.Trading then vs trading now..
Trading back then used to be based on how good one is with technical and fundamental analysis, profiting from trading back then used to depend on how good one is with the analysis and also how good the trader is with use of market and price prediction tools.
But today, things seems to have changed, today, it seems being profitable in trading depending on how much information you have access to and how early you have them.
We've seen of late especially since the Trump declared support for Bitcoin way back before he was voted for and installed as the US president, the movement of price of Bitcoin have been largerly centered on his statements and actions, technical and fundamentals analysis doesn't mean much anymore, most traders just wait to know what the US president says or does next to determine their next line of action regarding their trading decision, and I can't help but ask if this is the new way to trade?
By the way, do you even believe in this change that has happened or do you still believe that fundamentals and technical analysis is still the way to go in trading?.