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My thesis for longing/shorting BTC at this point is purely Elon Musk's tweets
by puranjay 5y ago
My thesis for longing/shorting BTC at this point is purely Elon Musk's tweets
- elliekelly 5y agoSure he tweets every time he pumps it up but are you confident he’ll give you (and all the rest of his followers) a heads up before he dumps it? I wouldn’t be. And for that reason alone it’s a fatally flawed investment strategy.
- puranjay 5y agohe just has to tweet something remotely bearish and the market craters The last time he cracked a joke about BTC maxis and sure enough, the market dumped. When he talked about BTC's eco impact, it dumped hard as well. You can trace the pumps/dumps to the exact moment of his bearish/bullish tweets. It's unreal