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Here's my personal Bitcoin prediction for 2021: 1. Some hedge fund will find a way to short Bitcoins. 2. Someone will inject a lot of illegal sh*t into the Bl
by fxtentacle 6y ago
Here's my personal Bitcoin prediction for 2021:
1. Some hedge fund will find a way to short Bitcoins.
2. Someone will inject a lot of illegal sh*t into the Blockchain. People already post images, e.g. https://cryptograffiti.info/ https://cryptograffiti.info/
3. Authorities have to intervene, the price goes down, the hedge fund gets rich.
4. Lots of whining from people who didn't understand how Bitcoin works. Shoulder shrugs from those "in the know" who converted to regular money shortly before the fall.
- solean 6y agoIt's been trivial to short bitcoin for years
- fxtentacle 6y agoIn that case, I wonder why nobody has profited off it yet. I mean the volatility seems very helpful here.
- EdwardDiego 6y agoI wouldn't short BC anymore than I'd short GME, there's a lot of get-rich-quick metooism and as the saying goes, the market can remain irrational longer than you can remain solvent.
- kristofferR 6y agoShorting is risky since it's not solely a bet on that the asset value will go down, but rather a bet on when exactly it will go down.
- throwsaways212a 6y ago1. Lots of places to do this already exist 2. This has already occurred 3. This could happen still 4. Something about a tide going out and swimming naked