Re: Investing in crypto trading any good?
what he is trying to tell you is that private equity,hedgefund,and even businesses like TSLA and Microchip ,they bought millions and billions and all that buying push the bitcoins price higher and higher,and retail investors tend to buy at the peak,
some day when they liquidate (dont forget these are businesses which would need money to run a business),they would not be liquidating nickels and dimes,they would be selling millions .if there is no one of that size on the other end,the price of bitcoin will fall sharply.
a good example will be last week when DJ dropped over 600 points,as short sellers need to raise cash to cover GME.
you either have to have faith in long term prospect of crypto or be a nimble short term trader,you decide
|