Post
Topic
Board Speculation
Re: Parabolic blowoff top or Rounded top
by
jamietao
on 30/08/2021, 20:41:16 UTC
I don't think institutions are stupid enough to srl for short term profits. They might pull out their initial capital at some point when they've got 4x on it but until then, they're probably riding the crypto hype - and there'll be a lot of people buying that sort of news if it's put in a way thst a company invested $4M, pulled out their initial capital and still have $12M at play (because retail will want to do the same).
Short term profits is exactly what institutions do. They don't buy and hold. If they bought at $20k which is what most institutions did early in the year, then $75k is around 4x which aligns with my target.