3 ms·
What do you think the number of people and average amount they have invested is based on? I’m saying it’s based purely on emotion and speculation. It could be
by prng2021 2y ago
What do you think the number of people and average amount they have invested is based on? I’m saying it’s based purely on emotion and speculation. It could be a sunny day so people feel good and put more money into Bitcoin. That’s quite different from egg prices skyrocketing after chickens get bird flu or stock price skyrocketing after an amazing earnings report or the dollar skyrocketing because of a fast growing economy.
- tim333 2y agoIt's changed in fairly predictable ways - the number of people grows fairly stably and the price goes in roughly four year waves, up something like 5x or more then down 85%. So there's emotion and speculation but in a kind of consistent way in practice.