Market Cycles Still Exist in the ICO/Cryptocurrency World
The tech may be new, but the market dynamics and psychology of market actors stays the same.
As new participants join the cryptocurrency and ICO markets, it will be valuable to refresh yourself on hundreds of years of experience and research in market dynamics. If you aren’t familiar with terms like bear trap and bull trap, you still might recognize them.
Cryptocurrencies and sure to be a high-volatility rollercoaster ride, as ups and downs in Bitcoin and Ethereum have recently demonstrated, but they’re not immune to the laws of nature.
Working knowledge of these patterns and analyzing how they have played out in other markets such as gold, will make more informed investors and hopefully wealthier ones too.