Trade Bitcoin? Here's Why You Absolutely Need to Also Buy Gold
By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility.
Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders.
This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value.
Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is in turn based on that person’s beliefs about other people’s psychology.
