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RE: Crypto Market Update / Throwback Thursday Tracklist
Hey, iam new to crypto, do you think that the price of btc will go up ,down or stay the same in the next couple of days?
I will definitely keep an eye on your content :)
Hey Panira, Again this is not financial advice, but generally speaking, It is very hard to predict where the price of BTC is going in the short term. You can try to rely on technical analysis, but this can often provide false indicators. Global news on government regulations on cryptocurrency in general has been what is really affecting the price and will continue to, in my opinion. This is because the field is still so new the rules to the game are just starting to be explored with some world governments being more open than others. Personally, I look at any innovative technology, like cryptocurrency, as a long term investment. By that I mean 3-5 years, not weeks or days and I always ask myself those 4 questions to help me identify if it is worth it. ;)