You are viewing a single comment's thread from:
RE: Reasons why I am currently shorting Cryptocurrencies
The ranges you mention are very possible. The simple fact is a hard run up is usually followed by a run down.
People see the percentages and panic since it is a number they are not use to. However, these moves are common for BTC over the past 5 years. Even LTC lost 90% of its value at one point.
This is part for the course. Masterluc said $15000 BTC by end of year, he did not say it would be a straight run up.
Agreed!
I am going to buy back my short at some point because I believe in it but I also know that people panic and we can lose 30-40% before people calm down.