It seems we know who's been selling a lot of bitcoins and causing the bitcoin price doldrum. It's F2Pool (a bitcoin mining pool) I don't agree with the YouTuber of trying to stop the selling or that this is necessarily a bad thing. F2Pool is cashing out some of their bitcoin holdings or hopefully most of their bitcoin holdings and that's a good thing for bitcoin's future They've been mining for a long time and in the video, it was mentioned they have 1M bitcoins, they should sell now while the bitcoin price is not too high F2Pool realizes this (I think, I hope). [Conspiracy thinking: Imo, It would be very bad for bitcoin's future if F2Pool is publicly selling and they have secret buyers buying on the other side]
BTC is still strong and holding at 36000. anyway, it has been hovering around 30000 to 40000 for the past few weeks. Eventually, it will collapse. We don't know when it will happen. Gamestop & silver have gone up and down significantly.
Missed this part, eyes are not so good. Not that I doubt your research, but can you give us a bit of your insight. The folks below are in the dark of your analysis https://bitcointreasuries.org/
If you look at all the historical stocks and futures charts, the price doesn't go up and up perpetually (maybe there is but that is one in a billion). Soon the price will go down. so will BTC go down 100%? 200%? ... no idea. It just needs a trigger for it to happen.
I guess what you're saying is something that goes up has to come down, but that hasn't been exactly true with Tech stocks all in the Trillion $ and market cap, like AAPL, MSFT, AMZN, GOOGL 100% means btc going to 0? 200% means -$36K? I better not own any btc, I'm going to owe a lot of money I do not have...
good point. Those stocks you mentioned are very bullish. They benefited from the covid 19 crisis. As of now, there is no sign of it collapsing. But definitely for day trading, there might be the opportunity to short it. GE ( plus many others like Barring Bank) was a solid blue-chip. see how the price collapsed from 57 to just 11. Market movement can be very high. Look at Natural Gas. It can collapse from 13.5 on Jul 2008 to 3 in just a few months. I'd treat BTC differently as its supply is infinite / infinity. As of now, there is no sign of it collapsing. So I am not shorting it. I haven't done swing trading for 2 decades. I hope to be able to swing trade BTC and benefit from the Tulip Mania #2. Anyway, I am always on the lookout for trading opportunities. It can come from anywhere, anytime