But he does tend to get it right.
Wrong. You are very new here, but he tends to get it wrong most of the times, I'd say as much as 90% of the times.
Don't have the time to dig all the old posts (plus he tends to delete them when he gets it wrong), but I will make you a very short summary of some of Risto Pietila's calls:
Quote
"anyone who does not believe that we will hit $300k per BTC by this year is in denial of the facts"
- spring 2013 (this was not trolling, this was a very real and serious prediction he made earlier this year)Quote
"we will never see $100 again"
- summer 2013 - we went below $100 (till $67) a few days afterQuote
"i turned bear, I'm selling and buying back cheaper in a few days"
- November 2013 - he sold at $700 hoping to buy back cheaper and had to buy back at a loss shortly afterQuote
"i turned bull, I was wrong earlier and we are going to the moon"
- December 2013 - we were trading at $1200, the peak was reached shortly after and we crashedI could go on FOREVER.
As some have said, Risto makes some very interesting general analysis threads, but:
- his short term calls are consistently wrong
- he doesn't own 10k coins, that's BS. He doesn't own more than 2k coins based on his post history (probably less)
- his history of successful trading are utter BS. He doesn't do "arbitrage", and he makes up his stories of success to build up his character
- he has delusions of grandeur and maniac episodes in which he totally loses his mind, probably believing his own BS
- he doesn't stand serious critics, that's why he starts self-moderated topics in which he ruthlessly deletes well-reasoned critics while allowing random and off-topic praises.
- finally, his business model is to attract noob investors to either a) sell them BTC with a markup or b) manage their assets for a fee. This is his priority, and the character he built in here is made with that priority in mind.
Let me get straight that I haven't got anything personal against Risto, is just that I feel bad when I see noobs thinking he is some kind of über-successful master BTC trade, while in reality he is mostly smoke and mirrors. As we are supposed to be a community, sometimes I feel the urge to warn newcomers and tell them to analyze more thoroughly the character before thinking to risk their money to/with him.
+1
I am sensitive when he gives the noobs the "Pro trader" act I will copy what you just wrote just to threw it on his face, because he is one of the few here that claim that his posts are not speculations but "facts" and the clients that he claims to have are BS....
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