[2018-05-25] Study Claims Cryptocurrency Values Based on Investor Sentiment

[limek]

A recent study by the Warwick Business Schools claims that the whims and caprices of investors dictate cryptocurrency prices. The study, also claims that economic indices do not play a significant role in shaping the market dynamic. In short, cryptos are only worth as much as people are willing to pay for them.

Read more: http://bitcoinist.com/study-claims-cryptocurrency-values-based-investor-sentiment/

[newwest]

May be possible to an extent because as the everybody knows that btc can reach 20k easily as it has nearly reached last year so this sentiment may bring the investors to buy at the high price as well and may be invest more considering it will rise in future as well.

[cetald]

Quite predictable research. The market of cryptocurrencies is similar to the stock market. The only difference is the high volatility of the cryptocurrencies.

[RodeoX]

They seem to be forgetting that the price of most anything is based on perception and sentiment. So should I sell my gold at half price since it has little real value?