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RE: 10 Years of Bitcoin!!!

in #mindset6 years ago

Speaking of BITCOIN...

I'm so tired of people that think they can tell the future just by looking at the candles and lines - it's equivalent to tarot card reading or fortune telling.

I'm pretty sure that the line doesn't look back on its self and say "oh, I need to go up now."

a woman that has just become widowed doesn't sell her dead husbands 100 bitcoins to pay for the funeral because of what a line did yesterday. The analysis is just a guide for general FUD/FOMO feeling, it's nothing concrete and can change at any point. Just look at the crash and the boom. no one correctly predicted either. Predictions were as high as $500,000 and as low as $100.

It's MUCH more likely that anyone conducting chart analysis will instead see what they expect to see -a bull will see a bull, a bear will see a bear, and to a hammer, everything looks like a nail. It's scientifically proven that chart analysis is only as accurate as flipping a coin.