Quote:
Originally Posted by lewdog
7319 Bitcoin
146 Ethereum
45 Litecoin
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It’s been extremely volatile since day 1.
In retrospect, the futures trading and major investment groups have influenced the market of crypto heavily. The day the futures trading went live, the price dropped abruptly, meaning they “bet” on the price dropping in the futures market and then sold off all their coins to ensure the price dropped. Quite brilliant, really. It also makes me think the opposite is likely to happen as those same firms will likely buy at much lower levels in hopes of creating a similar run with similar profitability by buying low and selling at higher levels again. I’m not sure abou that though because I’ve been out since early 2018.
I’m glad I followed cointelegraphs recommendation for stop losses, because I got out in stages. Say what you will about them. I made a lot on their recommendations.