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RE: Bitcoin Dives! The Issues of a Low Liquidity Market

in #bitcoin7 years ago

What about your promise of delivering more high quality content in 2018? You are focusing alot on short term price action and trading aspects atm which - in my opinion - is very boring. I really liked your youtube videos because they were so different from the rest. Now they have become very similar, just with a more negative tone.

I would really like to hear more longterm opinions about certain coins or the whole market in general since your name is "Crypto Investor" and not "Crypto Trader" or "Crypto Speculator". You mentioned that you want to buy more Monero but you are waiting for it to dip. So basically you are saying that it is overpriced now, but how do you know that? How do you know that it will ever drop further from its current price and if it does, how do you know when it has reached its bottom? The current market price is always the best estimation of its actual value. No single person in the world can make a better estimation than the whole market.

All these people trying to outperform the market are waisting their time. You cannot tell where the price is going just by looking at a chart. You cannot even make a prediction which is significantly better than a random guess. There has never been a scientific proof of someone beating the market over longer periods of time by using technical analysis and there never will be one. All this constant buying and selling will most likely cause you to underperform the market because of taxes and transaction costs.

With that said I suggest to just buy and hold the coins you like instead of desperately trying to find the perfect timing. Your videos should be more about longterm perspectives. For example I would really like to hear why Monero is your largest altcoin holding and where you see its place in the future rather than talking about short term price action.

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I liked this comment - you should do your own posts - I followed you . .