Quote:
Originally Posted by crucifissio
You are in love with btc and I look at it from a trading point of view...this pump is fake...we all know it...profit is about to be taken...shorts about to be put...now or in a week, the dump is coming...btc may well pump again but not this year...too many fresh burns...
IRL lots of stop losses are in place...one big profit taker is going to start a chain reaction...keep in mind it is not enthusiasts like you that determine the price...it is traders...traders trade...they give 2 shits about btc...
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So you think every pump is "fake pump"?
I know recently tons of margin shorts liquidated, TA works worst for something like Bitcoin imo.
Applying traditional strategies to something like this is gambling, playing with fire, etc. (when margin trading)
When long term holding, call it what you want "fake pump or dump", either way it has proven itself 10000% over!
