/biz/ - Business & Finance

People ignore that he does have a point, all the newfags that entered a position are going to get absolutely destroyed because they have never played a short squeeze or operated under extremely volatile conditions where they need to know when to sell. Just think about how many people were left bagholding when the crypto bubbles popped each time, it will be like that, except the bubble pops in like a week instead of several months of unraveling.The normie wave is collectively powerful, but it has no leadership and is easily manipulated, there is evidence of this in every mass movement. And of course there are other hedge funds playing with you that know when to dip, and hfters that have been having a field day.

tldr; funds that didnt short are going to make a ton of money, hft will make a ton of money, some retail will make a ton of money, and a lot of retail is going to get absolutely butt blasted when they miss the exit.

>>4524554
It's beauty is it's truly fungible, anonymous, non-tagged money in digital format. It's good for privacy which was one of the large selling points when Buttcoin hit the scene originally. Either that or if you're like me and wanna score some pills every now and then and have 'em shipped to your door, say no more.

>tfw eth @ 5$