Post
Topic
Board Speculation
Re: Who is buying like me
by
nimogsm
on 06/02/2024, 21:08:55 UTC
wasn't it buy the rumors and sell the news events? I think the news has been sold and now the time for consolidation for bitcoin. IMO bitcoin will not start moving upward before the halving and even after the halving bitcoin will still continue moving sideways. In the meantime all those ETF managers will keep buying bitcoin and they will emerge as the biggest bitcoin holders in the industry. Which is good for the short term but in the long term this things can turn ugly.
For quite some time now, large exchanges and funds have a huge amount of bitcoins, so the worst has essentially already happened. And now they dictate where and how they will move forward; nothing depends on small traders for a long time.The moment was lost as soon as large monopolistic exchanges appeared and when hundreds of different altcoins appeared on the market. So now we can only adapt to the current conditions and guess what the giants are planning.