Its just that they think they know the market but miss those important factors you gotta weigh in and only knowing your investment will get you those key parts figured out. Do agree, these guys just tossing money on coins and treating it like the lotto do a lot of damage to the whole space, more than they probably realize
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Trading bots? Also do you have any recommend resources for educating myself on coins besides Bitcoin? What are some recommended coins that you see potential in besides BTC?
Yea there are bots out there you can program to trade for you on the exchanges, really useful if you know a good bit about trading technics, I personally love the old fashioned manual way but they do work well. Best thing I do is join the coins community or forum and talk with users. Try to always read a coins whitepaper too. What I did in the early days was watch a lot of trading videos, even fiat ones because some tactics in regular cash markets do still apply in this one. For me I am big on Bitcoin, Litecoin, Steem, PiVX (Though I am biased there because I used to work for PIVX lol) I do like Monero, there is one not well known called TransferCoin (TX) that is a lot like PIVX but very cheap...that has some potential. I am not much for ETH though due to the banks in there and definitely against RIPPLE, those two I suspect will be doomed due to letting bankers in there so I avoid them even though they are hot right now, just my purists movement side to me against them.