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And yet… the price of Bitcoin has surged the last 24 hours? This doesn’t pass the smell test, I feel like something fishy is going on
by jc_811 3y ago
And yet… the price of Bitcoin has surged the last 24 hours? This doesn’t pass the smell test, I feel like something fishy is going on
- paulpauper 3y agoZoom out. Dead cat bounce after being oversold relative to tech. it bounces between 30k-25k since march. it probably will be lower soon after support breaks . The news is getting worse, and more regulation to come.
- deleted 3y ago[deleted]
- gregjor 3y agoSomething fishy always going on with crypto. Scammy and fraudulent almost by definition. Probably more pump-and-dump, wash trades and whales dumping or preparing to dump.
- paulpauper 3y agobitcoin goes up fast and goes down faster or as fast. same pattern forever
- stripykitteh 3y agoCould be people moving funds off Binance in BTC, could be Tether buying up BTC for a short squeeze. Short-term trading in crypto is gambling against the house where the house decides the results based on whatever gives them the most profit.