I think it’s more important to consider the value in an asset and not the price. 99% of traders in crypto, or even the stock market look only at the price to determine if something is worth buying. How often do you look at the ranked 100+ projects of coinmarketcap?
How long it takes the big fish to see the value, now we have the first iteration of vaults from home and hopefully more regular artefacts being delivered is anyones guess. But while we have cheap prices, it great for everyone here.
Oh btw, replying to your original question about making predictions based on graphs, the truth is that most typical TA sucks. and is not because of Weak-EMH, it is because commonly applied TA theories are flawed (ie. elliot waves or looking at head and shoulders, etc…) and they are trapped into apophenia.
But quantitative analysis (“quants”) is a different animal, and they do rely on heavy backtesting (something that would be completely useless if Weak-EMH were true).
Quantitative analysis is to technical analysis what chemistry is to alchemy.
If you want to learn more about “rational” technical analysis, I recommend reading Aronson’s book Evidence-BasedTechnicalAnalysis (just a link to amazon, no referral).
Quantitative analysis is a scientific method, used for making quantitative articles often using different regression models or other comparison models to compare relations between dependent and independent variables and constants.
@Southside If you are going heavy into statistics then I would recommend books about econometrics, statistics that are used in college/universities at credible economic programs or scientific method/statistics courses, when comparing to whatever @piluso suggests. I don’t know if you have that interest and I can relate to that if you don’t. Three years was enough for me and I’am glad if I never have to open a econometrics book ever again. I have suffered enough when it comes scientific articles, regression models, testing for normality, skewness, kurtosis, f-test, t-est and so on. There are nerds out there that enjoys making regression models and I’am very happy that they do that so I don’t have to.
honest, I’m not - I just wanted to know how any prediction that was worth putting good money into could be made on the basis of some lines on a graph that promised to foretell the future.
Frankly beginning to wish I hadn’t asked…
Now I know how folk feel when they ask me in a very casual manner about some aspect of aeronautical engineering and I proceed to tell them - for several hours…
I think your options (outside of US) are Bittrex, Changelly and (only if entirely desperate, avoid at all costs, every disclaimer under the sun, etc.) HitBTC. Currently there are no exchange options for US residents.
Has anyone used HitBTC recently?
I am surprised with their “confidence” status in coinmarketcap, I thought their volume was BS and that they were doing selective scamming.
I am still hesitant to recommend it to my friends.