Quote from: cheezcarls on May 14, 2018, 05:23:13 PM

It is going to be somewhat interesting for all of us this week due to the ongoing Consensus 2018 event in New York City. In that event, from 2,700 to almost 8,000 attendees (except that Ethereum founder wants to boycott this due to high ticket prices), which would expect that Bitcoin, Ethereum and the others are going higher after that. It happened for the past 3 years, and this one is going to get bigger.

Makes sense with the conferences.

But - if I was a very wealthy crypto made b/millionaire, wouldn't this be the best opportunity to short?

Conference attendants convert crypto -> fiat = less buy demand (also Consensus OMG airdrop = people looking to sell for profit)

Less buy demand = higher sell orders * big players short the prices = amplifies sell orders.

This is only under the assumption that people are turning these coins into fiat - am I missing a part where the conference planners do not have to convert to fiat?

I personally just get a weird feeling when majority of people say that "X" will happen because it's happened before.