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CryptoCurrency reporting is dire. Take the quotes from the research analyst in this report: "Bitcoin is in trouble" - with who exactly? Miners? gfx card manufa
by albertgoeswoof 9y ago
CryptoCurrency reporting is dire. Take the quotes from the research analyst in this report:
"Bitcoin is in trouble" - with who exactly? Miners? gfx card manufacturers? People forgetting their wallet passwords? Speculators panic selling?
"Price action suggests that bears are clearly in control, with further losses on the cards" - Price action? You mean the numbers on the chart have gone down so maybe they'll go down some more? Who are the bears? Why can't you point to transactions on chain?
"jitters over regulation" - what jitters? wtf is a jitter? Who is jittering? Who are the investors not investing any more?
It's all fluff!
- cowmoo728 9y agoWelcome to the world of public financial analysis. No one wants to publish real research because they can sell it or use it instead, so almost by definition, any analysis found on the internet or given to journalists is useless fluff.
- tome 9y agoI take it you haven't read much financial reporting.
- thisisit 9y agoUnfortunately no more fluff than actual analysis frequently seen in Bitcoin circles - All TA based with RSI, MA and whatnot.
- snowwolf 9y agoThis may be part of the reason it is in trouble. https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html https://www.nytimes.com/2018/01/31/technology/bitfinex-bitco... Somewhat coincidental that the price start dropping dramatically just as Bitfinex starts getting heavily scrutinised (and maybe stops propping up the price).