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I saw the signs and I was convinced it was going to crash, and I even shorted it at 55kish. And it did crash. Then out of the blue, for no real reason, it went
by spaceman_2020 4y ago
I saw the signs and I was convinced it was going to crash, and I even shorted it at 55kish. And it did crash.
Then out of the blue, for no real reason, it went up again, hitting another new high.
Point is: markets are completely irrational and predicting what they're going to do or not going to do is a futile exercise.
- robswc 4y agoYea, I understand that. I actually run a trading firm but I don't do "long term" bets like that. Also exactly for that reason.