No one is able to do this (timing the market) in traditional markets but everyone does try to do it both in traditional markets and in crypto. Why do people think that they're able to do this?
Is it because they think they can do it while no one else can? Let me know folks.
I guess people just wanted to know how much they can make a 'educated guess'. There's no difference in like a roulette or a baccarat game. They think they can predict it and when they hit it, they feel like they are invincible and can accurate hit in the next time, however, they will feel sad when they got it wrong. Yeah, maybe is like a badge or something, no other people can predict except you and that will make you feel great.
Timing the market is not an easy job. It is all the speculation and prediction. Besides, the invisible hand and the market forces are solely responsible for the timing of the market. If the demand for the coins goes up, the prices will also rise because the law of demand is valid in the case of cryptocurrency as well. Some one keeping a huge share of Bitcoin can also alter the values like the monopoly in the market.