Post
Topic
Board Speculation
Re: How to Identify a bitcoin rally
by
Silberman
on 13/02/2021, 20:07:50 UTC
Found this interesting piece that goes back into history and tries to identify why a rally will sustain or not -
Some valid points - some not so agreeable -  essentially gist is that institutional investors/backing is driving the rally - so as long as there are new ones, ( like the recent BNY Mellon ) , the rally will continue

https://pythoslabs.medium.com/why-bitcoin-is-here-to-stay-b4e9a032a0f9?sk=a06522d2191a6a821b78971e427494d0

Personally I will not bother to try to do such things, many claim to have some kind of way to identify a bull run from a movement that is just temporary, but to me that is just impossible, if you do not want to miss a bull run and be left behind like so many people before you then you need to remain invested in the market, you do not necessarily need to hold your coins forever but at least you need to keep one part of your capital invested in the market of cryptocurrencies at all times and then once it is clear that it is a bull run then you can invest the rest of your capital.