The Market is wrong

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Bitcoin continues to rise.

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The crowd continue to show indifference.
 
piezoe said:
You're right of course. The market is wrong way more than its right. But its always right in the trivial sense that if you're on the wrong side, the market will always win and you will always lose.

The market is irrational way more often than it is rational. So the naive belief that markets out of whack will harmlessly and spontaneously seek some mythical equilibrium is at best a belief with a very low probability of proving correct, and most likely nonsense.

By the way, you do realize crypto has nothing to do with real markets in the sense that one can not invest in crypto and one can not trade crypto? Oh, I know many foolishly try, but when they do they might as well be playing Bingo. And, Yes, people do get lucky at Bingo, or shall we say a manipulated version of Bingo where you are more likely to land on some squares rather than others. But you won't know that of course. Crypto is useful if you want to buy something of questionable legality or moral rectitude and you don't want others to know you did it...
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IMO although the markets are far from perfect they get it right more than wrong, what other mechanism comes even close?
 
Mick, you are so right...this is why I avoid news and fundys and watch what I see. I understand it's easy to be fooled by data pertaining to the instrument in question.
 
I am most interested to see if a crypto ETF will even work. I would think a crypto ETF will have much of the problems that a long volatility ETF has.
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I am so confused. Canada has had crypto ETFs for years now. This forum is supposed to be called elitetrader.
 
Big AAPL said:
Mick, you are so right...this is why I avoid news and fundys and watch what I see. I understand it's easy to be fooled by data pertaining to the instrument in question.
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That's why trading is so difficult.
Logic is not really present in the markets.
Sometimes the crowd is right, sometimes the indicators, indexes, charts are right.
And sometimes they're wrong.

This is what I think is happening....
October is going to get a smashing, a kind of flash crash for the month.
November will rally.

The 'market machinery lever pullers' are gonna smack this month down so to buy the ensuing bargains.
Crypto players are getting tfo because they want to preserve capital, they are afraid of being collateral damage the next 8 trading days.

I was just now analysing uranium stocks, they too look like bailing out.
 
themickey said:
Yes, everything about market moves could be called a superficial view.
Once upon a time when I saw the markets move hard up or down I used to believe that was significant, well I don't anymore.
You mention Grayscale was up, yeah a piffling 0.2%. That's not really an " Up". :)
MARA, RIOT, HUT, were down hard, that is more significant than Grayscale.
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BTC was up what, 0.3% on the day?

Those are operating companies so higher val and more importantly, market beta. IOW they followed the indices lower.
 
SunTrader said:
Is that supposed to mean something.

Google on your low-bat smart phone: NYSE, Nasdaq, CME, CBOE, ICE ... then TSX
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yeah according to google the US isn't even in the top 20 best places to live anymore. Isn't BITO/BITI a Bitcoin ETF? Not sure why all the fuss.
 
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