When will you guys realize that all this doom and gloom speculative bullshit serves only to create downward pressure on the price? It's a self-fulfilling prophecy: you've got some douche w/ a YouTube channel making predictions based on technical analysis and saying the market will correct by however many percentage points and the saddest thing is that people take their speculative bullshit seriously.
Technical analysis doesn't work. Nobody has any fucking clue where the market is headed. No one! Even back in 2013, the BTC market was pretty darn efficient already. Moves on a 24 hour time scale were for all intents and purposes impossible to predict. You can't time the market unless you have enough money to play the pump and dump game.
So unless you have a shitload of BTC and are willing to break the law, you have no way of predicting the price of BTC and alts. Nobody has a clue, so stop whining about the price and start buying. If you believe in the long term potential of crypto just keep buying on a regular basis. The lower it drops the better, because you'll be able to accumulate more.
Technical analysis doesn't work. Nobody has any fucking clue where the market is headed. No one! Even back in 2013, the BTC market was pretty darn efficient already. Moves on a 24 hour time scale were for all intents and purposes impossible to predict. You can't time the market unless you have enough money to play the pump and dump game.
So unless you have a shitload of BTC and are willing to break the law, you have no way of predicting the price of BTC and alts. Nobody has a clue, so stop whining about the price and start buying. If you believe in the long term potential of crypto just keep buying on a regular basis. The lower it drops the better, because you'll be able to accumulate more.
There's no way to stop people from speculating about the price. It's indeed a self fulfilling prophecy and if a ton of people on youtube with big followings decide to FUD, the price may dip a little.
We also have a ton of new people that think august 1st is some sort of deadline date where the price will crash.
In the long term the same smart people as always will get only richer as newbies panic sell and put their bitcoins on their hands for a discount price.
Agree. This is purely speculative market and there is no one who can truly predicted were the prices is going. I guess the newbies or newcomers who are just here to profit don't really understand it that is why when the price sinks, then panic and sell everything because of the fear of not getting their investment back. If they just used their rational mind, their is more profit by holding on it.
The only thing you can do is be here for the long run, and with that mindset you can confront things in a way better light, since you know that in the long run you'll win. This also gives you a great deal of calmness when the dips come, you just buy them and wait, and eventually you are compensated with gains. That is what I have been doing for years, and now I got a respectable amount of holdings I think.
what else should people be discussing here? Thats like going into offtopic section and start rant thread about non crypto related discussions or chinese forum and complain they dont use latin alphabet there..
