RE: The possible FUTURE of Bitcoin? CRASH or MOON? SIMPLE Technical Analysis

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The possible FUTURE of Bitcoin? CRASH or MOON? SIMPLE Technical Analysis

in bitcoin •  7 years ago 

Its important to remember that nearly all systems in the world are legacy systems to a degree. Regardless of its outdated technology, and it is outdated, it has gained a lot intangible credibility that will be hard to overcome. The current state of tech has proven that the average person needs to be spoonfed technology, just look at all the press a 2 megapixel jump in a smartphone camera generates. Even if we change the economy, people are tougher to change.

Having said that I am a fundamental and tech analyst when necessary and I agree that charts don't seem to work exactly the same with Cryptos. I am rarely fooled by a stock chart but I am often fooled by cryptos. Too much "pump and dump" with not enough Market Cap. I have adopted the "set it and forget it" mentality for my personal investing. I believe all the big boys (BTC, ETH, LTC, XRP, STEEM(of course!)) have a lot of legs and until things are more sorted, its easy to get lost in details. People like us are the bleeding edge, but most people are afraid of blood.

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