Tagged With futures trading

At this point, anyone pretending to know what the ceiling is on Bitcoin should be considered no more reliable than a palm reader. Today, the trading price of the most prominent cryptocurrency hit $13,000 for the first time. And that nice big number will almost certainly have the kind of psychological effect that brings in new traders.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

At this point, anyone pretending to know what the ceiling is on Bitcoin should be considered no more reliable than a palm reader. Today, the trading price of the most prominent cryptocurrency hit $13,000 for the first time. And that nice big number will almost certainly have the kind of psychological effect that brings in new traders.