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RE: Skimming $20k

in LeoFinance3 years ago

Besides al the technical analysis from past periods, one thing most of the traders seem to forget is Bitcoin is not a regular financial asset for several reasons:

  • It is quite new, historical data is not very long.
  • It is disrupting a very old traditional market just as the interned did with traditional media.
  • There is quite a small liquitidy compared to other markets as many traders are just holding.
  • Besides hodlers, there are estimations that 3M BTC have been lost.
  • The world's traditional economy is sinking.
  • It is decentralized just as the internet, making it quite difficult to control and regulate by centralized governments. All other financial assets are traded in centralized markets.
  • Jumping in is quite easy, no need for brokers as there is no centralized trading.

All these facts make bitcoin forecast quite difficult compared to traditional assets