To add on that, this kind of analysis are useless (if not dangerous) do most investors. Regular people must focus on value and not price. If speculating on short term price variations, most people will, most likely, lose money.
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Yep. Best investment advice I've heard on this.
Then Regular people should run from crypto. We have yet to see solid value in this entire industry.
In some cases, yes. Although, there is value in the inovation, in the ease of trading and value transfer, value in governance and value in usability.
This makes it woth it for the regular (non financial) person to invest some money on it. Risk control will bo on how much and on which coins.
There is always some speculation in any investment, BUT, investing is different from speculating.
why?
Apart from the risk factor that can vary on the nature of the investment, I would say that speculation is gangling on the price variations of an asset, investing is accumulation of capital on a asset based on its underling value (even if it is more or less intangible).
In speculation what matters the most is price, in investing what matter the most is value.