W3J Weekly (10/11): SEC halts $1.7B Telegram ICO, CFTC says ETH is a commodity
w3j.substack.com
Editor’s Commentary A lot of friends ask me whether I think BTC is pivoting into a bull or bear market, and what number I see being the bottom or top. I believe it’s hard to predict these targets with accuracy. However, I am convinced that BTC will always continue to rise and fall in cycles, from feelings of where the price can only get worse forever, transitioning to where it feels the gains will go on forever and the future price prospects of BTC have unlimited rosy upside. These cycles will go on forever, and they can be especially dramatic for BTC as it is not backed by any intrinsic value, such as revenue or earnings. The sentiment and psychology of the market can change rapidly or be irrational for long periods of time.
W3J Weekly (10/11): SEC halts $1.7B Telegram ICO, CFTC says ETH is a commodity
W3J Weekly (10/11): SEC halts $1.7B Telegram…
W3J Weekly (10/11): SEC halts $1.7B Telegram ICO, CFTC says ETH is a commodity
Editor’s Commentary A lot of friends ask me whether I think BTC is pivoting into a bull or bear market, and what number I see being the bottom or top. I believe it’s hard to predict these targets with accuracy. However, I am convinced that BTC will always continue to rise and fall in cycles, from feelings of where the price can only get worse forever, transitioning to where it feels the gains will go on forever and the future price prospects of BTC have unlimited rosy upside. These cycles will go on forever, and they can be especially dramatic for BTC as it is not backed by any intrinsic value, such as revenue or earnings. The sentiment and psychology of the market can change rapidly or be irrational for long periods of time.