Excellent post. one of those worth reading fully. i must admit that i've never heard about black swan events and I found it quite fascinating. thx big time.
Dont you think that crypto is so hard to predict mostly because this market is still very small with just several huge players who can easily influence prices?
With a long-term investment perspective and a diversified portfolio, you can always win
The problem i encounter is that it's hard to tell what "long term investement" means. Sometimes bear market can last years and in some cases even few years may not be enough.
And what if at the end of stated long-term (let's say after 10 years of holding some asset) market will crash again? It's very risky to say that in long term we will always win.
just one important question:
- why did you decide to predict price of STEEM in usd? Shouldnt you really focus on comparing steem to BTC? That would make much more sense in my opinion.
Again, great post. I will follow you closely.
yours
Piotr
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