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RE: Is the Consensus Conference about to provide a major boost to Crypto Prices?
Makes sense. Most people buy coins emotionally and a conference is sure to pump them up.
Makes sense. Most people buy coins emotionally and a conference is sure to pump them up.
There you go. And crypto is still likely driven by a lot of "dumb money", which would make emotions play a bigger role than in markets such as the US stock market.
I'm sure many of the 4250 attendees will then go an promote/pump up 1000s of other people (if not millions depending on their influence).
Not only that, but the people in attendance represent a disproportionate amount of the total crypto money currently invested.
You'd be surprised. Even 80% of professional investors can't beat ETFs. Emotions and biases play a huge factor, even in traditional markets.