HairyMaclairy
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1419


Degenerate bull hatter & Bitcoin monotheist


View Profile Personal Message (Offline)

Ignore
March 08, 2014, 10:15:22 AM
Last edit: March 08, 2014, 10:30:29 AM by HairyMaclairy

Anyone that believes the price is always right is an idiot. Because the market is often an idiot.  The price on bitcoinbuilder being 0.6 being a prime example.  Any sensible person would have known that a 40% discount in btc terms in the circumstances was wholly inadequate.

Edit:  that doesn't mean TA doesn't have its place. It is an excellent measure of sentiment.