The Market is wrong

Discussion in 'Crypto Assets' started by themickey, Oct 18, 2023.

  1. piezoe

    piezoe

    You're right of course. The market is wrong way more than its right. But its always right in the trivial sense that if you're on the wrong side, the market will always win and you will always lose.

    The market is irrational way more often than it is rational. So the naive belief that markets out of whack will harmlessly and spontaneously seek some mythical equilibrium is at best a belief with a very low probability of proving correct, and most likely nonsense.

    By the way, you do realize crypto has nothing to do with real markets in the sense that one can not invest in crypto and one can not trade crypto? Oh, I know many foolishly try, but when they do they might as well be playing Bingo. And, Yes, people do get lucky at Bingo, or shall we say a manipulated version of Bingo where you are more likely to land on some squares rather than others. But you won't know that of course. Crypto is useful if you want to buy something of questionable legality or moral rectitude and you don't want others to know you did it...
     
    Last edited: Oct 19, 2023
    #11     Oct 19, 2023
    murray t turtle likes this.
  2. %%
    %%
    Exactly;
    Coins can do some super trends/COINS can do some super things.
    have several Coin books\seldom if ever does a single coin do much LOL/some do, if the real thing.
    They are never capitilized in coin book. Maybe agood way to HYPE it?? May see some like that in a flea market\ I did, she was wanted paper money, way to much paper money for coins LOL:D:DInteresting even in the yellow KY cornfield, hidden treasure\ no caps on the real gold coins:caution::caution:
     
    #12     Oct 19, 2023
  3. What are you talking about...TA is the same for crypto, stocks. forex...it doesn't matter.
     
    #13     Oct 19, 2023
    johnarb and SunTrader like this.
  4. piezoe

    piezoe

    If you didn't understand it, it's OK. What I wrote has nothing to do with what's called technical analysis.
     
    #14     Oct 19, 2023
    murray t turtle likes this.
  5. %%
    LOL \
    W Buffet did not understand tech sector for long a while so long its laughable.
    But he had a hood point, a woman asked why no MSFT buy, missed the super trend tor decades in MSFT, but being friend of Bill gates, afraid of the appearance of conflict:caution::caution:
    Good W buffet points on cr*pto being rat poison:D:D
     
    #15     Oct 19, 2023
  6. I know that's why I stopped reading because nothing matters the same five cycles happen over and over. regardless, news doesn't matter. earns reports don't matter. nothing matters.
     
    #16     Oct 19, 2023
  7. He couldn't trade his wayout of a paper bag these days.
     
    #17     Oct 19, 2023
    murray t turtle likes this.
  8. The Market is Run by HUMAN, and it is highly Speculative, therefore, it is hard to justify that statement....They say the market is ALWAYS right.
     
    #18     Oct 19, 2023
  9. themickey

    themickey

    Yes, everything about market moves could be called a superficial view.
    Once upon a time when I saw the markets move hard up or down I used to believe that was significant, well I don't anymore.
    You mention Grayscale was up, yeah a piffling 0.2%. That's not really an " Up". :)
    MARA, RIOT, HUT, were down hard, that is more significant than Grayscale.
     
    #19     Oct 19, 2023
  10. themickey

    themickey

    I'm not sure what angle you are coming from.
    I wouldn't 'invest' in bitcoin, no way!
    Bitcoin is a trading commodity and a very good one imo.
    I trade the ETF's, it's safer for me that way.
     
    #20     Oct 19, 2023