MB = MC as Weak Analysis

I was scrolling through some of the older things I said on Facebook and found this gem, which I stand by:

This was in the particular context of bitcoin price forecasting, which I am notoriously good at. See here and here for example. I stated that MB = MC neglects that the real world has multiple equilibria, and these multiple equilibria are not co-equal. A secondary equilibrium nearer in price to the present equilibrium is always more likely than a price-distant alternative equilibrium with the same slope.

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