BTC stayed in the 7 range for two days, then dropped again!
Rumors suggest that the source of this decline is the possibility that the United States might take action against Iran.
Some people also mentioned that the "Pentagon Pizza Index" suddenly surged last night.
It seems this decline was "predicted" long ago.
This claim has been circulating in the community for a long time, and the logic is roughly as follows:
Increased pizza orders near the Pentagon → Military working overtime → Possible war → Crypto crash. This theory was supposedly invented by the KGB and later adopted as a "sentiment indicator" in the crypto.
It sounds interesting, but it's actually not reliable.
The reason is simple:
1/ There are too many reasons for the surge in pizza orders; the noise far outweighs the signal.
2/ Getting a few correct guesses occasionally does not imply a causal relationship;
3/ The impact of geopolitics on the crypto is not linear; sometimes it causes prices to fall, and sometimes they rise instead.
Therefore, this kind of "pizza metric" is more like a funny joke than a profitable strategy.
Just take a look, and don't rush to sign a contract just because you have a lot of pizzas!
Back to the main topic:
In the current market environment, the safest approach remains DCA (Distributed BTC.
Then forget about the distractions of short-term information and hold on tight!
Of course, if you're a trading genius, then disregard what I said, hahaha~
Note: The above is for informational purposes only and does not constitute investment advice. Please conduct your own research!
BitHappy, a DeFi enthusiast from DCA (a platform for independent research and development).
