Why is it harder to guess the bottom than the top?
I believe: top prices are driven by known events (Chicago futures, ETF futures), bottom prices are determined by unknown events (3AC, LUNA, FTX, black swans).
Why is it harder to guess the bottom than the top?
I believe: top prices are driven by known events (Chicago futures, ETF futures), bottom prices are determined by unknown events (3AC, LUNA, FTX, black swans).