Reply To: Crypto Social

Reply To: Crypto Social

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#135868

Rick
Participant

Bitcoin now at $6,559.79 USD (8.14%). Sure this could be the beginning of an actual bull run. Haven’t seen that since late last year. Problem is that Whenever there is a gain of a few hundred dollars. That Fomo crowd starts clamoring. Yesterday when hit around 6400 US some person was clamoring it would be at 9000 US in three days. That would be a 40% increase in 3 days. That just fuels the traders and short sellers. They see this kind of thing and know that can make easy money. Why. Because this kind of wild expectation is the norm, not the exception. The FOMO bulls don’t seem to learn. Massive movements up usually end with a massive correction.