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RE: Bitcoin Spikes: Can Anybody Explain Them?

in #bitcoin6 years ago

Firstly, if you ignore idiotic politicians you end up with idiotic regulations.

Secondly, TA is so much appreciated by people because it allows to explain anything which happened in the past. The arsenal of indicators is huge and you can always tweak the parameters to fit the curve. If I want peace of mind about the markets I go and watch some TA-pundit. (oh, the soothing power of self-delusion!)

Thirdly, I don't quite get your argument about BTC dominance. If you look at 2017, it was going down from Feb to Jun, and going back up from Jun to Dec, all the while we had a clear bull market. In fact, dominance dropped significantly going into Jan 2018 as BTC price hit the wall. The correlation here is not obvious, maybe make another video about it?

Finally, your videos are always interesting and have some good vibes, much appreciated!