Post
Topic
Board Economics
Re: technical or fundamental ?
by
Hydrogen
on 13/04/2018, 22:49:56 UTC
BTCbitcoin prices moving due to  technical analysis or fundamental analysis???!!!!!BTC

Its difficult to utilize either technical or fundamental analysis with crypto being that there is no P/E ratio and not much in the way of established deterministic observation revolving around relationships invoking price, value and other variables. I think more time will be required for good mathematical models and solid historical precedents to develop. What also makes things hard is crypto's constant evolution. Only a few years ago, crypto was heavily centralized in china and may have relied upon silk road to generate demand. Today its far more decentralized and no longer relies as much upon dark web markets for value.

There's a constant evolution crypto is undergoing and there are many paradigm shifts which are occurring such as the transition from bitcoin representing long term HODL value to the more recent trend where it has become more an instrument of speculation across futures markets. Exchanges are becoming more regulated and there are many changes occurring all of the time which could make it hard to establish a set of rules or paradigms which determine crypto price movements considering the game is always changing.