RE: Bitcoin Takes Another Shit On The Market
"I don't know why. No one does, and anyone who claims to is selling you something."
This. This is so important. I see so many people out there pulling like 10 graphs out of thin air and trying to say they know the future. Yet somehow, all of those people seem to have been wrong when they were talking about the inevitable upcoming increase in STEEM value a year ago. We need to all just admit that we don't have a fantastic way of predicting the future price of alt-coins.
None of us can know how people will react (or overreact) to a small change in price, when a new big creator might bring people to the site, when a new coin might change things up, when a new update might draw in new users, or when a horrible update might ruin the site. You can look at trends for years, but they'll never show you all of that.
Dear @pirateofthedtube
I see those users as people, who are trying to understand what's happening, reasons behind price movements and predict possible scenarios. Noone obviously can "predict the future" but understanding TA, market psychology, history etc. is a must.
My impression is a bit different.
I'm here over 1 year and frankly, all I can hear is how STEEM can only go down because of lack of demand and inflation. There isn't probably that many people who truly believe that price of STEEM will go up (however many people seem to pray to make it happen).
Cheers
Piotr