You are viewing a single comment's thread from:
RE: Bitcoin Bounces Hard But Cryptocarnage Remains
Fundamentals rarely have anything to do with markets.
Fundamentals do not price Tesla at $350 or bitcoin at $20K.
The market and what is going on with a company, industry, or blockchain rarely match. That is why some things are over priced, under priced, or even bubbled.
Over time, things should adjust...but sometimes they do not.
Sentiment drives market...it is a glorified casino....fear and greed are the motivators.
That is why the technicals and algorithmic trading can be success...because the behavior sprung from sentiment is often predictable.