/biz/ - Business & Finance

it's hard to find an animal dumber than an average bull

daily reminder that whales short-squeeze to get rid of the competition and reshort higher, not to let freeloaders unload their bags
>be whale
>open longs and accumulate at the bottom
>set short-sells above resistance and sell-walls
>start squeezing
>liquidated idiots and fomoing idiots buying into your short positions
>start dumping at the top
>repeat the same to squeeze longs

very much fucked

only dumb normies who bought >$10k in december and january desperately need btc to go up
the rest can keep selling at profit and buy much cheaper at $4k
prove me wrong

can't believe you fall for such obvious bulltrap
>muh g20 not regulating cryptos
it wasn't falling because of g20 since january in the first place

you should understand one simple thing - all this selling is natural
when you sell with profit, you only risk loosing some profit when you don't buy back
if you buy - you throw yourself at a mercy of a market under assumption that someone else will buy at a higher price
99% of existence btc spent below 10k, 90% below 1k
so besides poor deluded cucks who bought in december-january everyone else can sell at a profit right now
2-5x if they bought 6-12 months ago, >10x if they bought 2-3 years, 100x if more
why wouldn't they sell? moreover, if they already own it, why would they buy now?