A Bloomberg piece that might give some encouragement to those looking for BTC to recover.
Well, maybe, the guy who sold the top and now covered is not all that encouraging:
- “I don’t want to try to ride this thing to zero”
Mark Dow shorted bitcoin:
- “They just saw it was going up and wanted a piece of it. People’s imaginations can run further when they’re not tethered to facts, when they don’t understand the issue
- It allowed the bubble to be much larger and much more violent. I saw the psychological hallmarks of it and there came a point where it looked like the fever was breaking.”
Has taken profit.
I’ve tagged this post under ‘Education’. Read that quote I’ve included and internalise it.
Meanwhile, a look at the BTC itself over recent days: