QUOTE(lurkingaround @ Feb 24 2021 @ 12:52 PM)
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Imagine the bloodbath among the gullible Retail investors if Bitcoin price crashes from US$50,000 today back to about US$500, as in May 2016 - only 5 years ago.
Remember, the last Dow Jones Stock Market crash was in 2008. .......

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QUOTE(Syie9^_^ @ Feb 24 2021, 01:00 PM)
It is not retail market player position now. It is Institutional Player.
People like Elon Musk, Cathie Wood, Black Rock, Microstrategy Inc and etc.

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No ler. Elon Musk, Mark Cuban, etc are billionaires = should be on the side of the Institutional investors, ie doing the pumping up of Bitcoin prices = Retail investors should not believe in billionaires, as if they are on their side.
Institutional investors are the BIG Shark market manipulators out to hunt for the small fries gullible Retail investors, ie the former had likely bought thousands of bitcoins a few months ago(= July 2020 or earlier) at prices of < US$10,000, then slowly pump up the prices and have been slowly dumping their horde of Bitcoins to the greedy n gullible latter at prices of > US$20,000.
Note that in April 2019, Bitcoin price was < US$5,000.
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This post has been edited by lurkingaround: Feb 24 2021, 02:18 PM