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Why we should be wary of 'expert' price forecasts

From bravenewcoin.com

In trying to pick the bottom of the current bear market many 'experts' have given up publishing their prediction for bitcoin's price, along with the various modeling narratives that go with them. Picking price bottoms is notoriously difficult and we would perhaps be well advised to consider alternative data types when looking for a turning point in a new bull trend. Being such a young market, ~95% of existing crypto assets were created in the past two years, in the absence of meaningful historical data, narratives, news and events have a stronger impact on prices than any particular price support/resistance levels - ... (full story)

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  • Category: Educational News