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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (172289)	5/24/2021 7:20:53 PM
From: sense	Respond to of 217695

Hmmm. Oppositeland... of course. There is not any real basis to apply "fundamental analysis" to crypto.... as its value is entirely "potential"... the realization of which requires a "series of unfortunate events' must befall its fiat competitors... and thus the various sponsors of those competitors... The parallel drawn is valid, though... as the same situation now prevails in other markets... where it is the fact of intervention that means there is no longer any rational basis for conducting fundamental analysis of values... where there is no free market function operating. Does suggest: get used to price swings in crypto... as similar is probably coming to other markets... "soon" ? The trick may be... correctly predicting, and profiting from... and then extracting profits from a market crash... before the wheels come off... and the markets simply go away... taking your profits with them. Most, now, are assuming that cannot happen... but, of course, it is made vastly more likely that will have to happen for there to be any "correction" at all... given the sustained interference with market function otherwise prevents ANY real correction ? It is correct... that there is not any similar (government backed) interference in "corrections" of crypto prices... but not entirely correct that those prices are determined by free market functions. And, you certainly have to assume that "free market function" will not be true of government backed crypto ? It also fails in not properly noting that cypto pricing... is a flagrant variation on a Ponzi scheme... A free market... is NOT an economic construct... It is a MORAL construct... the adoption of which has economic consequences... So, a free market... requires no fraud... (ie., no Ponzi schemes) along with no monopoly (monopoly being a form of fraud dependent on market obstructions) and no barriers to participation, or obstruction of participation... and thus "no price fixing"... or other market interference ? Free markets have rules... and the rules have to be enforced... or there is not a free market. Capitalists will lie to you... and tell you a free market is one that is amoral... one that has "no rules"... when the real distinction being made is between systems based on an unrestrained materialsm... (capitalism, communism, socialism, national socialism) and systems based in morality... (freedom... being a moral principle... with economic impacts.) Muddy the waters from there, of course... with variations and niggles about what is and is not "moral" enough to... fade to...