There are probably people on here who have successfully used TA to increase their bitcoin holdings. But they are few and far between and, like most gamblers, will only mention their wins and not their losses. But the buy-and-holders have done over 90% as well with no sleepless nights or worry or risk of being in all fiat when the next bubble hits.
And whenever challenged to show how their "system" beats buy-and-hold, they typically disappear or start getting angry.
And whenever challenged to show how their "system" beats buy-and-hold, they typically disappear or start getting angry.
I think the narrative on TA vs buy & hold is a little narrow. It appears the reference is continually on BTC or crypto buy and hold. If your saying that TA is useless in the crypto world then that may be so - but one cannot dismiss TA as a tool for buying stocks, currencies and other securities.
I have shown in my published charts that TA *is* applicable to BTC. I am not a miner. I have no idea of the longevity of crypto - so I trade it and not by gut feeling or responding to 'mooooon'.
If TA is not for you then fine - don't use it. Similarly don't bag and dismiss something just because one doesn't understand it.
>And whenever challenged to show how their "system" beats buy-and-hold, they typically disappear or start getting angry.
that is probably true in some cases
cheers,
Dirk K
free money, just dont do it in massive selloff bear market you can get burn