BENJAMIN COWEN - Why Most Crypto Price Predictions Are Wrong: Traders Lose Money Because They Don't Understand Market Cycles
London Real
Brian Rose
4.4 • 1.9K Ratings
🗓️ 8 December 2021
⏱️ 98 minutes
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| 0:00.0 | Do not be deterministic about anything in crypto, but if anything, you're going to be |
| 0:07.5 | deterministic on, it should be that Bitcoin trends up with time. |
| 0:11.9 | You know, my speculation for this market cycle all along has been that I believe it'll |
| 0:16.6 | ultimately go to approximately $10 trillion, but I've also been pretty adamant that I |
| 0:21.7 | don't think that it'll hit that this year. |
| 0:24.2 | Basically, you're just sort of seeing fear and greed play out over and over again, and |
| 0:28.1 | I think basic human emotion doesn't change. |
| 0:30.5 | Ben, how come no one else is talking about this stuff? |
| 0:32.8 | Because this seems like a really great call on the market without over-confircating it, |
| 0:37.5 | but what's sticking to some real basics will make practical sense. |
| 0:40.5 | I think the problem is that a lot of people just want to think about going to the moon, |
| 0:45.0 | right, and then the Parabolic Valley, and that's all they ever want to talk about. |
| 0:49.4 | The more education you get, the more you realize how much stuff there is that you don't |
| 0:53.6 | know. |
| 0:54.6 | You know, I think that's the biggest market in a way that is a bit more rational and |
| 0:58.8 | not full of crazy predictions that are ultimately not going to pan out. |
| 1:05.1 | Hopefully people don't get chopped up by some of these daily movements in the market, |
| 1:08.1 | because it's just background volatility, it's just background noise. |
| 1:12.0 | We're not getting out of bed for $56,000 or Bitcoin or anything like that. |
| 1:15.6 | In the market cycle, I would argue time is on your side, but even outside of the market |
| 1:19.2 | cycle, even if you don't trade the piece, right, even if you don't. |
| 1:23.0 | In general, the cryptocurrency asset class will grow, and you can invest in it, you can |
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