I agree. Fuck the charts, unless they say something that I like.
That is the position that the majority of investors take. Confirmatory bias. You can see it in this board, you can see it everywhere.
In general investing, it always causes speculators large losses eventually. In BTC it has only been different because the long term trend was/is so exponetially strong. Merely an act of faith to hodl. In that sense, all trading/walls/charts/opinions are merely a distraction while waiting for the next leg up.
(You , among others, provide a lot of words and are a great distraction ! ).I see my role as pointing out that nothing is 100% certain, even the survival of BTC.
I have been reading charts a very long time and they are not difficult to understand. IMO they do not definitively predict the future but do provide a reference to the probability scale (of which I know you are a fan).
I don't really agree with what seems to be the sentiment of the bolded part above..... let me repeat it here: "You , among others, provide a lot of words and are a great distraction ! ." Of course, I agree that I literally provide a lot of words; however, you make it sound as if I am trying to pump my bags or something like that or that I am unintentionally misleading folks into a kind of wrong world view.
Sure, my suggestion is that people need to take some stake in bitcoin, and likely a 1% stake is the minimum level of prudence, from my view, but my larger message has largely attempted to be that people have to decide for themselves, take responsibility for their own actions, and exercise their own prudence that is hopefully somehow customized to their own situation.
In other words
(yes it takes words to do this), one of the main problems that I have found with people is that there are a lot of them who do not come anywhere near close enough to even attempting to figure out their own personal and financial situation with any degree of particularity before investing in anything whether bitcoin or otherwise. So, I don't see myself as forcing any kind of agenda on people beyond attempting to get people to do more homework on themselves and their situation in order that they make wiser choices, especially in regards to getting into bitcoin and largely minimizing their exposure to shit coins.
My words in these kinds of threads are also to attempt to help myself to work through ideas, and to the extent that I am trying to do anything with evoking action from peeps, rather than brainstorming for myself, has been attempting to solicit thinking from other peeps and brainstorming attempts without really telling them what to do, beyond asserting that they should learn their own situation and adapt to their own situation while being responsible for their own decisions (or dumb or whatever that might be).
Personally, I have tentatively concluded that you are more patronizing towards people than me and chastise them for not adequately considering downside bitcoin scenarios.
Ok. I will concede that maybe in the end, we are largely the same, but kind of seem to come at the bitcoin thingie-ma-jiggie from a different angle.
Let me give one more pitch attempt. You seem to strongly suggest that people error on the side of making sure that they adequately consider possible downside BTC scenarios, but for some reason you are nearly constantly stuck on BTC going down, and you are not really telling people to buy BTC (so it seems to me), and I seem to error on the side of strongly suggesting that people make sure that they get into the bitcoin game (while taking responsibility for themselves) and make sure that they make sure that they have enough stake into bitcoin at all times in order to adequately prepare their lil selfies for possible up.
