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> At least a few years ago, when there were bad news the prices would reflect that. Even when the news were predictable or already known! Bitcoin has never bee
by tveita 9y ago
> At least a few years ago, when there were bad news the prices would reflect that.
Even when the news were predictable or already known! Bitcoin has never been connected to any "market fundamentals", just hundreds of day traders trying to predict each others reaction to random scraps of news as they come by.
- jpatokal 9y agoWhile I agree that most cryptocurrencies are severely disconnected from reality, is your last paragraph really any different from how the stock market works short-term?