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Honestly, I feel stupider every time I read anything about crypto. Things like >analysts warning it could form part of a longer-term bear market if it does not
by Traster 4y ago
Honestly, I feel stupider every time I read anything about crypto. Things like
>analysts warning it could form part of a longer-term bear market if it does not bottom out soon.
Well yes, if the price keeps going down, that would by definition be a longer-term bear market.
So much of this "analysis" is just magic numbers or bullshit. Look at this Index! That's not an index, that's measuring a mix of volatility, momentum and reddit comments. Ugh!
- PretzelPirate 4y agoThese types of comments are made about traditional investments as well. It’s all about pumping out articles to get ad views.
- cyanydeez 4y agoBut with crypto there's absolutely no fundamental information. For the market, people can choose what bundle of companies you think move it. With crypto, the best you can say is "well, this ponzi scheme only got a few scammers involved"