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RE: Bitcoin (BTC) Morning Update: This Correction Too Shall Pass....!!

in #bitcoin7 years ago

Thanks Haejin witness voting power has been transferred. Keep up the great work. Subscribe to a Haejin on twitter guys so the haters downvoting doesn’t hide his posts from you like the last BTC update

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Good post! I just posted my take on the Crypto Blood Bath, might be valuable to you guys!

https://steemit.com/bitcoin/@benkalashnikov/btc-update-analysis

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This is what I'm seeing as most likely scenario also.

Why does dan downvote haejin, I just noticed that!!!

They see him rollin’..they hatin’. There’s also a lot of people who simply blame the messenger when their coin doesn’t get a lambo after a few weeks CA6346EB-656C-446E-9FC4-9F3E232CFA72.jpeg

I paid off the Toyota and Hyundai...goos nuff for me.

That’s awesome @tumtum01 😀 seriously some car repairs and a reasonably priced vacation has been much more satisfying than only dreaming of lambos, staring at a 2-dimensional screen all day and never making a move. I just buy more on days like this. Haejin reminds us to “protect your profits” which sometimes means take care of your freakin’ shit in real life and sell some when it’s high

Even i bought the dip , if we get one more dip . I got some cash ready ! Ppl are cashing out for taxation . This dip wont last more !

No comment...

Let me get this straight..."Provide good content that many viewers would like-be respectful and help others-share your knowledge and ideas to the community that provide value-Earn your followers trust".....I see every one of those boxes checked..wow, if that's the case, I've totally changed my outlook on this place...i think haejin will be looking elswhere for a medium to share his knowledge...this is so bad...im really shocked at this

Who is dan?

Dan is a cofounder of Steem and I don't think that he downvoted @haejin from jealousy. I am sure he has a good reason for that.

Jealous. And stupid I guess ... Also really angry but nobody knows why ...

I've been following haejin and philakone (who also do TA) for a while now. People need to know that TA doesn't project time line, and perhaps Haejin need to emphasize that in all his TA. All his altcoin's TA has a high possibility of coming true, but nobody, including himself, will be able to tell us WHEN it will come true.

Besides, he has also been clear of his "alternate" counts on BTC, and we cannot fault him when the market decided to take the secondary path/count instead of his primary. With this, he teaches us that there are many possibility and ranked them in probability of each happening by citing which is primary, secondary, etc. While he does this for BTC, do you expect him to to do the same in-depth analysis for ALL the altcoins which he has covered, giving all the different counts and pathways? If you do, then you are not here to learn from his generous lessons and teachings but merely expects him to give you the fish (and blame him when the fish escape).

Granted, many here just want to be given targets and numbers - but if you follow blindly, don't fault the teacher when their predictions doesn't come true the next few day you bought in. Again, TA does NOT cover timeline, just like he always emphasize in his BTC TA, the targets have high possibility of reaching BUT the paths they take will vary. Everyone know BTC is the main driver for all altcoins, and everyone who has been following actively should then know that BTC has high chances of further correction - so can't you relate these two yourself AND expect that altcoin will also be volatile?? Did Haejin ever put a timeline on his altcoin projections?

I agree, and I also enjoy the posts. I'm a relative newbie; I've invested in cryptocurrency as a whole; I'm not a day trader, although once in awhile I play around just for fun.

I don't think this form of analysis has much practical predicative value over the long term. I've watched five hyped predictions, and none of them have come true yet.

I agree that the posts have a sense of urgency that is not reflected by a good investment or trading strategy. The first post and analysis I saw, I blindly leapt on board. Now I've been watching, and I have observed that a more common sense approach to day trading would have yielded much better profits.

Timing IS the key.

I do find it all interesting.

 7 years ago (edited) Reveal Comment

I agree, any analysis on altcoins while bitcoin is dropping is bullshit. Yet he posts this crap every day and people believe him unconditionally. I guess the only way people learn is through financial loss

To his credit he's mentioned an 8k Bitcoin bottom possibility MANY TIMES and I kept that in mind, but I agree the headlines for newbs suggest "EXPLOSION" within seconds, etc.

Waah!.......Waah!

Same as yours just a lot more to the point.

 7 years ago  Reveal Comment
 7 years ago (edited) Reveal Comment

People that aren't ready to adjust their TA, or the BLIND FOLLOWING OF SOMEONE ELSE'S TA FOR THAT MATTER, at an instance, should just get the fuck back to their dayjob as this is no playground for them.

consider reading the post thoroughly and you will see that he recommends laddering in. he never gives a BUY target because he wants you to ladder in over time...please do not be negative without looking for the positive.

Actually the btc pairs will profit from the dip. In the end you will be able to sell them for more btc and have some nice btc stash after the dip.

This is where he has made most of his money from my conversations with him...it's the hardest thing to do when there is blood, but if you ladder correctly on the way down taking little bites (as he would say) eventually your bags will be filled and ready for the next push whenever that might be...i also have a few very successful investor friends that have done it the same way..it goes against all logic, but this is the way the wealthy do it

A good TA should more importantly be able to identify tops and when to get out of a market. Not just continually predict higher highs in a bull market

He doesnt need to sell, he has someone upvoting him for hundreds of dollars. Even if he is dead wrong

I haven't been paying as much attention because I am in stand pat mode, but I haven't noticed any "immenent" or "explosion" talk of late.

Projections in last 3 weeks of coins hitting all time highs have all gone the opposite way and invalidated his elliott counts. Look at XVG, STEEM, QTUM.

give it time and some patience and you will see....