Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 01/03/2015, 15:52:05 UTC
Well, the price being 252$, it means that everybody who who owns bitcoin thinks that they are worth more than 245$; but, on the other hand, everybody in the world who has some money to spare thinks that 1 BTC is not worth 255$.
Okay. To name just one objection to such an incredibly naive model of the market:

Misrepresentation of your actual valuation for strategic purposes.

See my post above.  There may be "super-traders" that successfully play such complicated short-term trading strategies, and they may take money from less sophisticated traders; but, averaged over all traders, short-term trading will always be a losing game.