You could go buy just about any shit coin out there and make money right now. That is that state of the market. While haejin's analysis may be good compared to other crap chart pushers, it is mostly senseless crap. While the bull market plays a role, the countless minions, like you, he has following him and buying these coins is more in line with pump and dumping.
I can't, for the life of me, figure out why there is so much animosity towards @Haejin. If markets are truly a representation of human sentiment and psychology - as it certainly appears that they are - then even more valuable than someone pushing coins and offering chart opinions is someone who can steady the ship of emotions. I find that Haejin's analyses encompass an element of psychology and even spirituality that helps to build confidence in a wild, wild market.
Yes, for sure, an unprecedented bull run in a relatively new market can make most things look shiny and profitable, but his candor about past failures and willingness to teach based on his 20 years of experience make him a valuable contributor to Steemit. I know that I have learned a lot about chart pattern recognition and am now able to do basic analysis on my own. This is extremely valuable to me.
If there is a problem with the allotment of rewards, I really think it is a fault of the system. I see no indication of him being ruthless and exploiting this platform intentionally. If he is posting multiple updates and whales are upvoting it, so be it. Isn't that their choice to make? If there is supposed to be a maximum number of posts within 24 hours, then maybe there should actually be a limit built into the system, where you can't actually post if you have exceeded it.
I just find it upsetting that things have gotten so contentious and I wish the best for everyone.
@anarchrysalis this is the best comment I've read on this ridiculously out of control situation. You covered it ALL in four paragraphs, with the last one a perfect reflection of how I feel as well. I would upvote this $100 if I could. Well said sir!
Thanks so much. I am really trying to stay above the fray and just be reasonable. I understand that people are on Steemit for different reasons and I think there's room for everyone, but that people should be left to their own devices if they are not harming or insulting anyone. I sense no malice from Haejin.
The simple truth is that Haejin's analysis has impacted my portfolio in a massively positive way, and I promise to use some of this new wealth to create resilience in my community and support some of the more vulnerable members of it. I really feel a sense of obligation to share and try to do even more good and I think a big part of that feeling is a result of the generosity that Haejin has displayed.
My involvement in cryptocurrency has really changed my view of money from that of being a burden to that of being a powerful tool that can be yielded to create big impacts. My hope is that this wealth transfer that is underway is going to give many more of my fellow warriors for justice some better means to fight the good fight and improve the human condition.
People may think technical analysis is hokey or whatever and that fundamentals are important, but if you ascribe to the idea of TA and sentiment driving price which then drives the news, then Haejin is clearly quite skilled in this field. A master, if you will.
Then, when you have a coin with a great TA that you also believe has great fundamentals (ahem, bitshares!), then wow, I think you've got a real winner on your hand.
And then, off we go. This is not what I thought the revolution was going to look like, and I am sure there will be many changing phases as we break the shackles of oppression. But I remain open to unusual opportunities and pledge to continue to spread love, peace and knowledge to my fellow humans.
Blessings to you all!
Completely agree with you on this.
Thank-you for sharing. I think that part of the confusion comes the distinction of what is an inherent pattern versus what is an emerging pattern. In my opinion, speaking about emerging patterns as if they were inherent patterns can lead to confusion. Where are the inherent patterns on a day like today? Is Haejin making less growth predictions today and why is he not posting on inherent patterns of the decline? I look forward to following more on this and the meta analysis of @haejin (will this meta-analysis have any patterns?) : where are the patterns?
Like Spreadcoin? A dead coin. Who could have just guessed that? Haejin's picks have made me money.
There may be something to noticing the coins that are consolidating and ready for a bounce but the market cap has steadily risen all throughout 2017 pushing most coins up, eventually. Even with the call on Ripple, the news was piling up, it was bound to make a move up. Could this also be simply read from the charts? In all fairness , possibly, but it should be confirmed with fundamental analysis.
Most of those calls were made from 1-4 months ago, good try though.
Not to mention the fact that every coin exploded in Nov-Dec. You literally couldn't have lost money except maybe on 1% of the coins in existence.
This issue also isn't if it's accurate or whatever. It is about how much of the pool he received vs everyone else. I am sure you know that. That was mainly for OP.
again shouldn't that be aimed at the system not at the person??same rules for everybody.and if people focus more on how much somebody gets for their posts rather than improving their own not much of a future for steem as it will become a very sad talentless place.
as to all coins nearly gaining value yes but not at the same time and jumping from one to another following heajins advice and my own market knowledge was just awesome I am literally collecting my yacht(a cheap 2nd hander but none the less) at the end of the month after investing £80 end of November and if you dont believe me i can post my trading history thought its about 10 pages long for each exchange i use for that period.
The 6% was wrong from the website but even the 1 or 2% that it was is extreme.
People care because a ton of people put A LOT of effort into their posts and yet people with a ton of money can just give whatever they want to whoever regardless if it is worth that much or not.
The fact is, from what I've seen, most of the Steem community agrees that Haejin gets to much. @dan posted about it and how it needs to be fixed. Many witnesses agree that it needs to be fixed. These aren't tiny people that are thinking this. These are the influential people that have been here from the beginning and spend a lot of personal time trying to Grow and give to the community. Not take it all for themselves.
Anybody who can't see this is a problem is not looking at the whole picture. I bet if you polled the top 100 witnesses, you'd get a resounding affirmation that something is wrong and needs to be fixed with some people and the amount of rewards they take from the pool that is disproportinate.
If you polled many of the community leaders on Steem, they'd agree it is wrong and needs to be changed.
But would people join a platform that is rigged towards anyone with a ton of money who can just take from the reward pool and put no effort in? (Not saying this specifically deals with no effort, more towards @grumpycat)
There is something inherently wrong with one whale being able to give such a large portion of the COMMUNITY pool to one single person.
Anybody with any sense knows that the more wealth you share, the people people join which creates more demand which brings up your personal investment when you are a whale.
Doing the opposite and keeping it all to yourself hurts the platform and hurts the individuals investment.
It just doesn't make sense.
Thanks for your thoughts though man! Appreciate it.
why does everyone have a problem with him
jealousy if you meant heajin
being a wanker if you mean Sanders
If Donald Trump tells his flock of idiots that littledick coin is going to hit $40k tonight.... the flock of idiots goes and buys littledickcoin and littledickcoin hits $40k. Then he says, "kaboom!"
It indeed is a public pump-and-dump.
self fulfilling prophecies?if so how did it it start that people follow his advice?for no reason?