Bitcoin
Bitcoin
Out of context: Reply #1306
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- detritus0
I love how much thought has been expended on analysing all of this bullshit - it puts me in mind of racing punters with 'a system'.
- Some people do this as their job. Prices are not totally random. Many ppl read these same indicators, and they decide to buy/sell based on them.sarahfailin
- If BTC were a company there would be other material influencers of it's price than just headlines and charting. That's really all BTC has.sarahfailin
- lol, omg sarah, of course the price is affected by supply and demand and not much else ... but the analysts are all essentially full of shitmonospaced
- at any given moment you can find an analyst saying one thing or the other, whatever you want to hear, and at any given time, some are actually correctmonospaced
- the price of bitcoin is based on the hype at any given moment, whether it be national news or just a talking head getting people riled up to buy or sell ...monospaced
- ... that or some whale makes a major move, and all the minnows scurry and post ridiculous memes about the movementmonospaced
- ok, so you agree with me, but in a combative way?sarahfailin
- sure, sorta ... and adding that free analysts are really not a great group to trust in general, especially with bitcoinmonospaced
- If BTC were a company, it'd be a lot easier to ascertain its actual inherent value, so that's not the most useful point of comparison.detritus
- especially amateur, free analysis on qbn! this is not financial advice, ppl!sarahfailin
- detritus, that's precisely my point. there's nothing underpinning BTC's value other than the belief that it has / will have value.sarahfailin
- therefore predictions are almost meaningless. even with research.monospaced