Hi friends! Let's talk today about the reality of cryptocurrency rate forecasting and whether I personally believe in it.
At first glance, when a person skillfully uses a bunch of terms in the analysis and more or less explains everything logically, it may seem that it is quite simple to learn all the basic market behaviors and earn a lot of money by trading the market correctly. But then why is such a large number of people trading at a loss for themselves, and at a distance they often completely abandon this business?
In fact, in my opinion, the solution lies on the surface itself. I believe that it is cryptocurrency that almost defies standard market practices of rate forecasting, due to a completely different pricing approach. If you want to consistently trade in the plus at a long distance, then you need to either have access to insider information, or be very lucky.
Why don't all those tools that are successfully used on the stock exchange work. And all because the crypt is much more dependent on the community and news surrounding a specific project or the entire crypt in general. More than once I have seen how at first glance successful projects with good funding lost almost everything because of some small mistake or bad attitude towards their community. And do you think it is possible to predict?
This is just my subjective opinion, everyone has their own way of thinking about it. I will be happy to hear your attitude to crypto market forecasting in the comments, the argumentation of your position will be especially interesting. I am waiting for you friends to discuss! Have a nice day everyone!
