Teboho on Nostr: My knowledge of economics is so lacking that I struggle to make sense of #Bitcoin ...
My knowledge of economics is so lacking that I struggle to make sense of #Bitcoin price predictions. While it's logical that growing understanding of Bitcoin's usefulness can drive up demand and, in turn, increase its price. However, accurately forecasting *when* it will reach a specific price range is extremely difficult for me.
I think it would be more productive to focus on understanding the underlying trends and drivers of the market, rather than trying to predict exact price movements.
Published at
2024-11-03 14:00:13Event JSON
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"content": "My knowledge of economics is so lacking that I struggle to make sense of #Bitcoin price predictions. While it's logical that growing understanding of Bitcoin's usefulness can drive up demand and, in turn, increase its price. However, accurately forecasting *when* it will reach a specific price range is extremely difficult for me.\n\nI think it would be more productive to focus on understanding the underlying trends and drivers of the market, rather than trying to predict exact price movements.",
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