Bitcoin "Freefall"

[MacBookProHo]

FALSE

I'm just saying each moment in time, in history, is truly unique. You can't relive the past, or try to turn back the clock. Or replicate the past. I love the 90's so much....but that era of life ain't returning back, and there is no point in nostalgia for it.

You have to be forward moving, forward thinking. Same as in trading, for each unique trade circumstance.
So it's rather....dumb...to simply...think you can replicate the past in trading with technicals and past charts. No offense to anyone who trades in that fashion. There's so much more involved in trading, than just looking back...expecting replication.

 

[nooby_mcnoob]

I'm just saying each moment in time, in history, is truly unique. You can't relive the past, or try to turn back the clock. Or replicate the past. I love the 90's so much....but that era of life ain't returning back, and there is no point in nostalgia for it.

You have to be forward moving, forward thinking. Same as in trading, for each unique trade circumstance.
So it's rather....dumb...to simply...think you can replicate the past in trading with technicals and past charts. No offense to anyone who trades in that fashion. There's so much more involved in trading, than just looking back...expecting replication.

You don't actually trade, this proves it.

The same thing happens over and over because human nature is the same.

 

[themickey]

You don't actually trade, this proves it.
The same thing happens over and over because human nature is the same.

And it just so happens, millions of traders look at charts prior to placing a trade.
It can't be said charts play no part in trading.

 

[MacBookProHo]

millions of traders look at charts
It can't be said charts play no part in trading

I do look at charts, past charts. But that is just one small element. That's not the only, exclusive, thing I look at and consider.
Just because millions of people do something, that doesn't mean it's the correct or right way, method, though. They also say essentially 96% of traders are failures.

It's easy to look at bubbles....Dot Com, Housing, 1929, Coronavirus 2020, Bitcoin, Gamestop...and see the rise, and fall....and describe it like an expert. But how many people can actually trade, profit, and do it consistently to become millionaires, many times over?
It's easy to describe human emotions/nature, greed and euphoria and fear, and how that applies to the market in an academic, theory, sense...but not many people, can still, trade the market successfully.

Technical analysis, past charts, alone...won't print millionaires. If it worked....people would be having sexual orgies with champagne and caviar and Ferraris and acting like it's New Years' Eve everyday with all the f'n money they are making.

 

[Buy1Sell2]

I'm just saying each moment in time, in history, is truly unique. You can't relive the past, or try to turn back the clock. Or replicate the past. I love the 90's so much....but that era of life ain't returning back, and there is no point in nostalgia for it.

You have to be forward moving, forward thinking. Same as in trading, for each unique trade circumstance.
So it's rather....dumb...to simply...think you can replicate the past in trading with technicals and past charts. No offense to anyone who trades in that fashion. There's so much more involved in trading, than just looking back...expecting replication.

Wrong David----Human nature repeats time after time after time after time and that is why technical patterns repeat time after time after time after time.

 

[Jzwu2017]

Human nature never changes but patterns do. Otherwise, it’s too easy. Don’t we always need a good challenge? Well, it’s actually the market condition change, which happens constantly.

 

[themickey]

I do look at charts, past charts. But that is just one small element. That's not the only, exclusive, thing I look at and consider.
Just because millions of people do something, that doesn't mean it's the correct or right way, method, though. They also say essentially 96% of traders are failures.

It's easy to look at bubbles....Dot Com, Housing, 1929, Coronavirus 2020, Bitcoin, Gamestop...and see the rise, and fall....and describe it like an expert. But how many people can actually trade, profit, and do it consistently to become millionaires, many times over?
It's easy to describe human emotions/nature, greed and euphoria and fear, and how that applies to the market in an academic, theory, sense...but not many people, can still, trade the market successfully.

Technical analysis, past charts, alone...won't print millionaires. If it worked....people would be having sexual orgies with champagne and caviar and Ferraris and acting like it's New Years' Eve everyday with all the f'n money they are making.

Not disagreeing, and charts imo for many traders may play only a minor role, but the fact is a couple of major things nearly everyone consults = support/resistance, trend direction and volume.
Subconsciously, even fundamental traders will make a note of these things.

 

[Millionaire]

 

[maxinger]

Now BTC at 24k.

I guess you mean :

 

[Millionaire]

Now BTC at 24k.

I guess you mean :

View attachment 286624

I don't trade BTC or any other crypto, i am just a casual observer and sometimes try to warn people off this trashy instrument.

Lots of retail players are losing money with this collapse, so i feel no cheer.

Having said that if i did have a short position in Crypto, i probably would feel cheerful and not really care that all those retail traders are losing big time.