But this is an argument that can be applied to any continuous trading, on any moving number. You can (spread) bet on cricket scores, weather, oil pipeline capacity, bandwidth, commodity prices, crypto, carbon credits, whatever, and make money if you can "read" the market and the human psychology of others trading in that market.
BUt, if you are a long term investor, rather than a swing or day trader, the fundamentals of the asset are much more important. The supply-side economics of the asset, its liquidity, volatility, correlation with other asset prices, etc, all come into play, and these are very different between crypto, stocks, commodities, bond, et al.
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But this is an argument that can be applied to any continuous trading, on any moving number. You can (spread) bet on cricket scores, weather, oil pipeline capacity, bandwidth, commodity prices, crypto, carbon credits, whatever, and make money if you can "read" the market and the human psychology of others trading in that market.
BUt, if you are a long term investor, rather than a swing or day trader, the fundamentals of the asset are much more important. The supply-side economics of the asset, its liquidity, volatility, correlation with other asset prices, etc, all come into play, and these are very different between crypto, stocks, commodities, bond, et al.