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.
Here is the link to Bloomberg for more
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:
