I don't know how or why bitcoin is still being sold against, but it is.
It's right at an area of previous strong support, but the current trajectory it's on might as well be straight down.
I feel like a broken record at this point saying that bitcoin will recover soon, but the wicked only rest when they do.
If I was an evil-doer I would plant seeds of discord in El Salvador, then blame unrest on bitcoin somehow. Any reason will do. People with limited information tend to grab blindly and hold tightly... Then I profit as opinion turns against bitcoin and price drops. When the time is right I remove the chaos I created and praise bitcoin for increasing stability while I profit on the way back up as general opinion improves. And just like that I'm a bond villain. The only problem is it seems like too much work, and for that reason, I decline involvement.
It's right at an area of previous strong support, but the current trajectory it's on might as well be straight down.
I feel like a broken record at this point saying that bitcoin will recover soon, but the wicked only rest when they do.
If I was an evil-doer I would plant seeds of discord in El Salvador, then blame unrest on bitcoin somehow. Any reason will do. People with limited information tend to grab blindly and hold tightly... Then I profit as opinion turns against bitcoin and price drops. When the time is right I remove the chaos I created and praise bitcoin for increasing stability while I profit on the way back up as general opinion improves. And just like that I'm a bond villain. The only problem is it seems like too much work, and for that reason, I decline involvement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.