While doing my normal TA routine I noticed something interesting. Novogratz and Soros both entered BTC around the same price level. Both have access to resources and connections beyond the normal person. Will history repeat? Will we see one final shakeout dip followed by a massive bull run?
Very cool observation. I hope Soros doesn't tank Bitcoin like he did the British pound...
FlourishingCapital
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@BTC_Dreamer, I would say that is more likely if we were still in the bubble but after a 70% correction I don't think the risk/reward is there to short it further.
BTC_Dreamer
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@Ghaleon, If I have a $1 billion, I can use $500 million to open up a leveraged 3x short position and seconds later dump $500 million on the open market. Massive profit. Rinse and repeat. Then do the same on the way up.