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A comment on Worries Grow That the Price of Bitcoin Is Being Propped Up. Parent comment

Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by jacquesm on Thursday February 01, 2018 @11:29AM (#16283124)
> Could be the best buying opportunity of the year.

It could be, but it also could not be. Content free comment.

As for cycles: the big mistake people make when they see a cycle is to believe it will repeat forever.

[ Parent | on HN ]
Re:Worries Grow That the Price of Bitcoin Is Being Propped Up by everdev on Thursday February 01, 2018 @11:38AM (#16283215)
Yes, if you discovered any predictability or accurate forecasting in asset pricing you'd be the richest person alive.

Markets suck up information so as you sell an "overvalued" asset, the price continues to drop until it's no longer overvalued.

No one has figured out a way to repeatedly and constantly predict the market.

[ Parent | on HN ]