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 The Big Short 2021

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xcxa23
post Jan 6 2021, 01:36 PM

Look at all my stars!!
*******
Senior Member
2,649 posts

Joined: Nov 2010
QUOTE(J1g54w @ Jan 6 2021, 01:18 PM)
if you short real estate i can understand

but trying to short bitcoin which is a hedge AGAINST traditional assets is insane

for each Michael Burry there are 9999 Micheal Buried
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Be it stock market, real estate or crypto

It will and always be, controlled by the rich and powerful

You wan crypto
Easiest way, buy it with fiat
Most will just fomo buying it in
The rich push up the price
More ppl fomo in, pushing it higher
When the big player decided to cashout for fiat
Bang, it collapse.

Conclusion, don't too greedy.
xcxa23
post Jan 7 2021, 09:41 AM

Look at all my stars!!
*******
Senior Member
2,649 posts

Joined: Nov 2010
QUOTE(Syie9^_^ @ Jan 7 2021, 12:12 AM)
Actually if anyone read up, recent buying wasnt the retailer, its more of the institutional player. What are they up to? unsure.gif  hmm.gif
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Institutional player are betting that crypto being legalized
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