Posted: Apr 03, 2019 2:19 am
OlivierK wrote:I didn't say technical analysis is folly, I said what I think it's useful for.
Okay, then we're in agreement that technical analysis is very useful in predicting the trends/cycles of assets, which if nothing else sets me apart from the gamblers in this space since I've been studying the financial markets from all angles for close to a year, but more seriously since about September.
It of course pisses me off when members think I'm stupid enough to invest the bulk of my wealth in assets as though I were merely gambling on a horse, which I've been accused of here.
For what it's worth, having appraised the intellectual basis of trading as being no different from the intellectual basis of being a bookie at the races, I worked for the next 10 years in a different industry altogether, and have spent the last 15 as what may once have been termed a "gentleman of means and leisure", although marshalling three kids has dented the "leisure" aspect somewhat.
Any chance of telling us what that industry is? Btw, three kids here too.
I bow down to your experience/knowledge, for sure. I'm not pretending to be an expert. I'm just stating my thoughts, which are that after nearly a year's thoughts/studies, my decision is to invest my limited wealth into crypto and the precious metals. If someone like you can talk me out of it, then I freely give you the stage.
Anyway, I'd be interested in your take on a fundamental analysis of cryptocurrencies if you have one more nuanced than "they go up when there are more buyers than sellers". Based on your raising fomo to the prominence you have, I'm not sure you've got something with more beef, but I'm open to being surprised.
I could probably write several thousand words on the matter, especially given that the fundamentals of the numerous cryptocurrencies differ so much. Since it's very late here, I'll take a rain check.