Let's take a step back. How important are fundamentals to investing? When dealing with public stocks, we have access to a broad array of company data — revenue growth, price-to-earnings ratio, etc.
From my own observation, I’ve seen that while fundamentals can be useful, they usually aren’t enough to decide which stocks to trade.
The resultant strategy underperformed the S&P 500 by 155 percent, prompting feedback from a moderator:
In other words, fundamentals are good, and there are surely some good strategies that use them. But many professional traders are looking beyond fundamentals to make trading decisions. So, the absence of traditional fundamentals from crypto shouldn't by itself be a deal-breaker.
Topic: The Hard Thing About Crypto Price (Read 128 times)
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