Understood and fair points, but some of these TA posts (not this one perhaps) are based on small coins with barely any legs to them project-wise, feeling almost like trading pink-sheet stocks of potential shell companies. TA sounds great, and I fully respect it, but when there are posts on obscure tiny coins in the satoshis, it's just sloshing money around like Vitalik Buterin said recently, and could be damaging to the cryptosphere as a whole.
You are viewing a single comment's thread from:
Comparing crypto trading to penny stock trading is fair in my opinion, I fully understand why some choose to only invest long term to have a clear conscience. But I will tell you that the Goldman Sachs of this world has no scrupples, and cryptos gives retail traders a chance at competing for profits with the big boys of trading! Soo, I see it as my moral duty to take whatever profits I can, before they come in and wipe us out!
:)
You will change your mind when those satoshis grow so fast and become bitcoins.
Of course I'll be happy if they become real projects, that people adopt and use globally, beyond a white paper and website. I wish everyone well, I just think trading air on some of those types of picks is for reasons that are harmful to the crypto space with lots of bagholders in the red. That's who buy the coins when profits are taken. Hot air can only maintain value for so long.