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Who can say whether this is a good price for Bitcoin, even after the recent drop? The author says this is the time to buy but goes on to say: "I have no crysta
by arbuge 13y ago
Who can say whether this is a good price for Bitcoin, even after the recent drop? The author says this is the time to buy but goes on to say:
"I have no crystal ball, and can’t say that Bitcoin is at the lowest price it will be at over the next several days/weeks/months. It may very well be that Bitcoin goes lower"
If you want to speculate, try the stock market. It's been around since forever, and you might actually have a bit of an understanding of the fundamentals driving some of the stocks there.
- moocowduckquack 13y agoGiven the difficulties in buying and selling quickly, at least with bitcoin the game is not currently dominated by HFT algorithms. I'd say that understanding the fundamentals driving the pricing of the modern stock market is at least as difficult as making good bets on bitcoin.
- vkou 13y agoHFT competition is only relevant for day traders. If the author is that financially insightful, he should be stock-picking, and ignore the HFT noise.