The Psychology of Decimals
With all the excitement of recent events it is easy to forget that the ecosystem around Bitcoin is still very young. The technology is less developed than our interest in it. This will change over time. In the interim, adoption is challenging. Software is routinely beta and layers are nascent. For the uninitiated Bitcoin can seem daunting and full of....
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Psychology and selling pressures have kept bitcoin's price below $20,000.
Unlike Bitcoin that has yet to set a higher high in 2020 over the previous year’s peak, Ethereum’s higher high is a very important sign that a new uptrend is brewing in the crypto market. In fact, a crypto analyst has superimposed the well-known “psychology of a market cycle” chart over ETHUSD price action from […]
Bitcoin battles nihilism and fiat psychology by allowing you to take control of your attention, and directing it toward the betterment of your person.
Bitcoin could surge towards $100,000 next year following yesterday’s “healthy pullback”, with market psychology currently in the “belief” stage says Stack Funds. Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before Bitcoin continues its upward trajectory. Bitcoin broke through $19,000 earlier this week after posting seven weeks of consecutive gains. According to the firm, the crypto has been at overbought levels since October, further supporting the need for a correction.The firm examined metrics around market psychology,....
I don’t currently have a car, so when my VA appointments in Little Rock happen, I take the Disabled American Veterans van, which is a volunteer operated transportation service affiliated with the VA. One of the drivers in my town has a very old degree in computer programming and took several classes on economics. Yesterday morning, the subject of the penny came up, how it costs more than it’s worth to mint and serves no legitimate purpose. I brought up Bitcoin and the virtue of the exactitude of the Satoshi, down to 8 decimals, and how both sides win. I used the example of Dollar Tree....