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RE: NEWS - Soros And Rockefeller Are Coming To Crypto - What Will Happen Next?
This very experienced business men's know what they are doing and they know how to build a fortune, if they are coming in, then crypto is ready to go to the moon... Next month will be very interesting!
This looks very obviously as a bottom, the reason they want to invest now is that the risk is super small, and the potential winnings are to big to be wasted.
Lows could still be in the $4K range
https://steemit.com/bitcoin/@davebrewer/bitcoin-prices-won-t-be-at-the-bottom-until-they-drop-down-into-the-usd4000-s
I don´t see that happening, especially if this investors come on board.
Fibonacci indicator was pointing to the $6K low and it looks pretty good to me now.
Have you done any research on how Soros has made his billions? He makes most of his money by taking big short positions, and wiping out the folks that are long.
Look up Soros and the British pound. He took a huge short position and made billions.
As crypto market matures, there are now MANY ways to make money shorting Bitcoin.
Put all your money into hoping BTC price goes up if you want - Soros will be more than happy to take all your money. He loves it when NOOBS try to play in the big boy market and lose their pants.
Very very very naive to assume that all this big money boys showing up to crypto market are going to be pushing prices up.
These are the big money and smart money guys. They are as likely to be pushing BTC price down as up.
Truth is they will be pushing in both directions and they will set up positions and strategies so they can make money as prices go up and as prices go down.
Yes I agree, short term it will probably bullish, but these guys have damaged entire counties in the past, that makes me a bit nervous.
Their power is enormous, and the amount of money they decide to invest will have a lot of influence in this very small market of crypto...