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I need add, I thought that a lot of people avoided crypto because of losses when investing or trading. TradeCast is going to help people avoid unnecessary losse
by jasfi 5y ago
I need add, I thought that a lot of people avoided crypto because of losses when investing or trading. TradeCast is going to help people avoid unnecessary losses and define their risk profile.
Is there another reason you avoid crypto?
- danielmarkbruce 5y agoIt has no underlying value.
- jasfi 5y agoThe value is market driven.
- danielmarkbruce 5y agoThe demand side of the market is driven by people hoping to sell to someone else for more money. That doesn't seem sustainable. Almost all markets have a demand side driven by people who actually want to own or use the thing. A good counterpoint to my argument is gold, which has very little industrial use but a very high price, driven by people wanting to sell it for more to others. And it's been running for a while. I've heard all the explanations of why, they make zero sense to me.
- jasfi 5y agoAll assets are hoped to be sold for a profit unless there's another factor involved such as sentimentality (e.g. art). The stock market is the same, people hope to make a profit, and sometimes markets crash for no reason other than fear. Besides a lot of people want to own and use crypto for whatever reason. This thing isn't going away unless it is regulated out of existence, and that is very much country specific. I believe the countries that outlaw crypto will eventually be very few, as that is the trend I've seen.
- danielmarkbruce 5y agoNope, many (probably the majority on a dollar weighted basis) assets are bought with the intention of holding them forever. The cashflows from said assets are the return. Rent from houses, dividends and buyback from stocks, coupon payments from bonds. And many reasonable people do their analysis of said assets assuming they'll hold forever, even if they know they will likely sell at some point.