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People rag on technical analysis because it owes it success due to self fulfilling prophesy.
But in a way, isn't all of this crypto growth also only based on self fulfilling prophesy?
pic related
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Minister you satoshi
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Rolamichi Bamsung
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>>3386406
technical analysis dont give the price, it say up or down
also easy to manipulate any price chart of penny coins like LTC
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This applies to ICOs to some degree, but anyone can mine other coins, and, unless electric companies and GPU producers are in on it, this doesn't apply there.
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>>3386406
>promising 100% return in 1 month
Seems like a scam to me.
Ponzi schemes are incredibly easy nowadays. All you need to do is promise 8-12% and wagecucks will come in droves.
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>>3386476
8-12% return = .66%-1% a month. Incredibly easy to sustain. Maddoff had like 12% returns. In this market, 8-10% would be enough to get hordes of people flocking in.
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Bitcoin is the biggest Ponzi scheme on Earth.
>backed by nothing
>future investors are used to pay older investors
>promise of huge returns
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