Post
Topic
Board Trading Discussion
Re: Those who forget history will be disgraced.
by
imamusma
on 16/09/2023, 13:15:27 UTC
We have compared the current Bitcoin 1-day chart with past data(NASDAQ) and found similar patterns. You can use this as a valuable reference for investment.
https://heartbitintro.oopy.io/
Comparing bitcoin to some other stocks is doable, but I don't think it can be considered a good reason why someone should invest. I tend to expect someone to study bitcoin, how it works, as well as its the innovation before investing instead of comparing it to stocks, that seems reasonable. Stocks and bitcoin are of course different, so I think the behavior of investors and traders towards both assets will also be different.

Even though you see similarities in the short-term price movements of these two investment assets, Bitcoin should be different. There is no definite way to determine how it will move, but investment decisions on bitcoin should not depend on price movements of other assets including physical assets or stocks.