Check this out! I had a crack at a Market Oracle 'Bitcoin analyst.' The company replied to my email, asking why I didn't like the article. Here's my reply:
"The articles contain no analysis. ‘Bitcoin’s price could go up or down’ is not analysis.
They show a lack of knowledge of what is going on in the crypto realm.
For example, when Bitcoin’s price was dropping steadily in Q3/Q4, 2014, crypto geeks were scrambling to understand why:
how direct an affect on Btc price does the immediate on-selling of coin by big retailers have? Is there evidence of Butterfly-Lab shenanigans in the Chinese sector of Bitcoin-mining-hardware manufacturing? Is there evidence of Chinese SOE’s dumping coin mined with free electricity? Can you justly label as ‘inflation’ the inflow of newly-mined coin? Is it simply the whales?
Mike’s articles sailed analysis-free through the furore.
But it was this clanger that prodded me to fire off my email:
“Of course, calling out a bottom is a hard thing to do. Going in long might be painful since the currency might lose more altitude, an event described as “catching a falling knife.” Bitcoin might depreciate further. If it were to follow its long-term trend, this would be the natural direction.”
Apart from saying the same thing in three different sentences (calling a bottom [suggests price still going down], depreciate further, follow its long-term trend), the ‘analysis’ misses the primary reality:
Bitcoin is YET TO HAVE long-term trends, a problem that cryptographic-currency theorists like me wrestle with every day.
Thank you for your email. Crypto geeks can certainly learn from TA analysis (we do rudimentary forms of it spontaneously all the time).
What has been needed for some time is for you guys to make contacts in the geek scene. We live and breathe cryptos, but we surely from benefit from the contacts that you guys have! An alliance would be a no-brainer win-win, PARTICULARLY WHEN YOU REALISE THAT ALTCOINS ARE THE NEW FRONTIER. (See my Market Oracle articles.)
Come and say hello:
https://bitcointalksearch.org/topic/uno-unobtanium-info-discussion-hardfork-block-1042000-merge-mine-wbtc-527500"
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