I guess some traditional trading people are more about the charts and analytics and less about the technology, community and fundamentals of the coin.
Yea, they don't have the
competency to evaluate fundamentals. But then again, not many people do, so it doesn't really matter when trading short-term.
The feature that is supposed to drive the price up isn't working at the moment and won't be working for at least a week or more. Instead of people making money running MN's they are losing money. Fundamentally, that sucks.
I'm not saying what will happen or what won't, or commenting on charts or analysis or w/e, so I'm not "shilling" one way or the other. Just general observations.
This is the level of understanding the traders have when it comes to crypto fundamentals (and nothing personally against mikemikemike, this was just a good example):
1) XC has the best Dev in the Alt-Currency community fullstop. Check out his LinkedIn profile, this isn't up for debate.
2) XC has the best plan for anonymous technology, and probably the only Dev who could pull it off
3) XC is getting updated pretty much every other day, its moving at a faster pace than nearly any other coin
4) XC isn't just a currency, they are building an entire fucking platform.
5) XC still hasn't been noticed yet by the media
6) XC is hugely undervalued.
Points 5 or 6 I don't know, so I won't comment on them. But 1-4, how could traders evaluate any of that?
I don't understand any of the chart analysis stuff, to me they just look like self-fulfilling prophecies, so I don't claim to. Nor do I make public predictions by them. If I would, I'd be just trolling.