I have sent this video to a lot of people in the last year or so. It is about stocks but it applies even more so to crypto. I highly recommend anyone with any level of interest in investing and crypto to watch it. It is only 2 minutes.
There are no experts in crypto, no one can predict the market. Some people have more information and/or experience than others, and as a result, they are correct more often. To think anyone knows what is going to happen is just being foolish.
That being said, there are parties that do know because they actively manipulate it. This happens a lot in China for crypto but as an investor, there is no sure bet. In stocks, you have professionals that do mostly predictable moves. There is still a large degree of uncertainty, but you can read patterns and do some technical analysis.
With crypto, you are dealing largely with inexperienced emotional amateurs that act irrationally and panic quickly. This results in a market that is even harder to predict, similar to what we are seeing with Steem Based Dollars (SBD). You also have far more hype and propaganda with crypto than you do with traditional markets. If you think you can predict where SBD will be tomorrow with any degree of certainty, you're full of shit.
My recent popular posts
- How curation rewards work and how to be a kick ass curator
- Markdown 101 - How to make kick ass posts on Steemit
- Work ON your business, not in your business! - How to succeed as a small business
- You are not entitled to an audience, you need to earn it!
- UFC Fight Pass and Steem Witness caught secretly mining cryptocurrency on their paid service
- Building a Portable Game Console
