Post
Topic
Board Economics
Re: Theory: Stocks profits soon to be dumped into crypto
by
geekcryptogal
on 09/02/2018, 03:37:00 UTC
After bursting the tech stock market bubble and switching to housing, they slowly reinvested in stock market (partly because of the peculiarly convenient new lenient long term cap gains taxes laws, slowly regaining trust in people investing in stocks, it grew slowly into a large bubble)... that bubble pops and now goes into crypto and makes the most insane bubble ever.  That's why we hear the recent stories of these theories of bitcoin going to 50K to 100K soon.   Unware people who don't know much about investing --dollar cost averaging, selling and buying when approprate etc-- will get suckedred in again and then they will take their profits.. they are seasoned.. taking profits on every swing.. sometimes swing over 50% in one day.  they are making incredible money since the 6th.  End of rant Smiley

Interesting how everthything was timed.. for the transition.. between the media, the feds (sec etc), wall street, rich investors.. giggle.   How severely the market crashed right before sec meeting .. then sec's support of crypto.. and the bounce up.

I bet lots of stock profits were used to set as buy orders down at the lower tiers of the support lines of the BTC and ETH charts, in antcipiation of this all.  It was enough time for the sell of stocks (22nd of january), for the ACH withdrawel and ACH deposit into GDAX (etc).