Nobody here likes George Soros, but he went from zero to $20B+ by trading the market and what he said about reflexivity very much applies to bitcoin.
Sometimes, you have to learn from your enemies.
“Reflexivity is, in effect, a two-way feedback mechanism in which reality helps shape the participants’ thinking and the participants’ thinking helps shape reality in an unending process in which thinking and reality may come to approach each other but can never become identical.”
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Translation for BTC:
When BTC rises, it fuels itself: higher prices spark more demand, pushing prices even higher. Got it?