It likely falls on a bell curve (with all human characteristics) with some at the far right of the distribution. It's not that they predict everything accurately, they just miss by less and can exploit information others can't.
Bitcoin drops below $20,000 as crypto selloff quickens
- Thread starter Claudia Love
- Start date
I wouldn’t touch Crypto like a girl with warts on her pussy. Stay away or you will get burned.
Stay away and far far away.
I like Etherium and Bitcoin as they are the two most powerful l. Stay alway from the smaller ones.
I only have enough cash for one of them. Which one do you think?
So many of them are in ETFs. Banks will never let the ETFs fail.
Gold obviously is safe. But doesn’t increase that much.
Gold is slow and steady and it actually is a material. What is Bitcoin?
Bitcoin has no material value. It is actually virtual just like these NFTs. I refuse have art work then something virtual.
Great points but you are thinking old school. Remember the new generation doesn’t care if the item is virtual for physical. Virtual as good as physical to them.
Look at the craze for virtual cities and video games. We even have virtual real estate. Look how much people are paying to buy things in the metaverse.
Just a total different way of thinking than ours.
Just a total different way of thinking than ours.
Bitcoin and Ethereum are both popular cryptocurrencies, but they serve different purposes. While Bitcoin is primarily seen as a store of value and digital gold, Ethereum's blockchain platform enables the creation of decentralized applications and smart contracts, expanding its utility beyond just a currency. Additionally, Ethereum's upgrade to a proof-of-stake consensus mechanism aims to improve scalability and energy efficiency, whereas Bitcoin continues to use a proof-of-work system.
that's because TA is predicated on human psychology; people are repeatedly vulnerable to the cognitive, emotional biased and heuristics.
there's enough who believe in TA that it does impact the market, including algo / quant. trading. there are clear resistance and support levels; eg 4200 was clear resistance for the spx and it took for the bulls to overtake it.
that being said, I'm not a market timer myself, but I do realize TA has an impact and don't discount entirely. eg if you're a trader (which I don't support on a long term basis), you do need to use TA to achieve any kind of success.
-binance cut off in the US
-tether FUD has been around forever and it has continued to defy skeptics; during the terra collapse it redeemed 7 billion and while it temporarily broke the buck, it quickly recovered [1]
-SEC lol ...they've essentially lost to Ripple (xrp) and the judgement essentially set a precedence for other altcoins. it also lost again today in its lawsuit with Gray-scale (gray-scale is trying to convert its trust to a BTC ETF) , essentially paving the way for BTC ETF approvals in the US by big boys like BlackRock, fidelity etc
BTC was basically own 80 percent from 69k to 16k when ftx collapsed, which is what it normally does. bottom is likely in, barring some black-swan event.
halving coming up next April, which has historically sparked the bull run.
[1]https://www.cnbc.com/2022/05/17/tether-usdt-redemptions-fuel-fears-about-stablecoins-backing.html
Bitcoin at $ 29,300 USD, organic rally or fakeout manipulated by derivative traders ahead of options expiry later today ? 
I'm an old fart. Please explain this like I am 5 years old. What does ethereum offer that bitcoin does not? Might dabble in this risky investment with some play money.
