Re: Sudden Flash Crash vs Slow Bleed - Which actually kills Investor(s)?
⭐ Merited by amishmanish (2)
Now, I have something I wish to share concerning the sudden crash we experienced yesterday, which saw bitcoin crash to around 40,000+ from $45,000+.
It wasn't yesterday, it was 2 days ago and it was down to $41.5k or better said the drop was at most -4.5% which is not categorized as a "crash" in bitcoin market.Quote
- What do you guys think about that sudden crash?
- What do you think was playing out?
Such small drops are normal after a big rise, specially when the momentum to rise more stops. The short term traders sell to take their short term profit out and get ready to rebuy in the follow up dip.
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Do you really think it was all about Matrixport's report saying all bitcoin spot ETFs will be rejected by the SEC? No, not at all, it's all a game plan, a strategy to make us panic short and spot sell our bitcoins.
FUD can always contribute by causing a panic sell but when it comes to ETF, people still don't care enough to sell because of its rejection let alone because of some random post about possibility of it. Keep in mind this is like the hundredths time SEC has rejected different ETFs.Quote
"Place a rat in a boiling water and
I think it's a frog not a rat 
Bitcoin is too volatile for your theory to apply here though.