Shorting BTC Right Now Is Actually Betting Against MicroStrategy and Grayscale

In my 3+ years of experience in crypto I've quite often read or heard experts calling all sort of financial institutions and moguls the smart money and retail investors as the dumb money. There must be a catch o that...

Yes there is. Smart money buy low and sell high, accumulate when there's blood on the street and sell when euphoria floats in there, while the dumb money most often invests based on emotions, news, having no basic fundament at all, ending by loosing more money during a halving cycle than they actually earn.

I have a good friend who introduced me to crypto that used to be a casino man for a while, and watching the way he trades the market, or how he invests in crypto, makes me laugh sometimes. He's the pure example of crypto gambler, as his strategies have no fundamentals at all. He keeps on saying that he feels the market, but still getting rekt over and over again.

I mean, he scores some good trades once in a while, but usually he actually gets rekt, and there's no way around that. I don't know how his logic works, but he's mostly bearish on the market for a few weeks now. He does not leverage trade, he actually buys all sort of bull and bear coins on poloniex, which in reality are nothing more than simple bets against the market.

How the heck can anyone be bearish in a bull market is beyond my understanding... A few days ago he bought himself some XRP bear coins and he got rekt a few days later when the market has done the exact opposite of what he believed. Before that, he did in fact became bull for a few days on XRP but at the wrong moment, it was actually a few days before Ripple's airdrop when the price started to tank.

Now he called me to ask how my portfolio is doing, because he got bearish a few days ago on ETH and the market once again decided to go the opposite direction and when he switched back to becoming a bull... what do you know, the market tanked for a bit. This guy simply doesn't nails trades and doesn't even learn anything from that.

My second question to him, and others that play the bear game in a bull market is, how can you even imagine winning a bet against MicroStrategy and Grayscale? These are called smart money for a reason. They do know how to invest and they're almost everyday on the news buying BTC lately. Why in the world are they buying BTC?

To make money, for Christ sakes... But they don't play their customers money on a week long strategy, or loosing one. These folks are in it for the long haul, they know the trend very well, they are actually creating it, although BTC seems to be going up every time after the halving no matter who's at the wheel.

MicroStrategy has purchased an additional 29,646 bitcoins for $650 million at an average price of $21,925 per #bitcoin and now #hodl an aggregate of 70,470 bitcoins purchased for $1.125 billion at an average price of $15,964 per bitcoin.

That came out in the media a few hours ago from Michael Saylor, MicroStrategy $MSTR Founder, Chairman & CEO. The man that advised Elon Musk the other day to put some Tesla money into BTC... These people are playing at another level. They don't give a shit about what's BTC doing in a day from now, or a week. They keep on buying and they'll probably do that for months or years to come. Smart money, right?

No offense to any trader around here, but I'm curious to meet one that has nailed over 90% of his trades the past three years or so. You know what else, at the moment almost all of the BTC investors out there are on profit. Doesn't matter if you bought a week ago, or in late 2017, you're on profit and you'll gonna be on profit big time if can help yourself by holding for one more year or so.

I wish my friend would give up his tries on trading the market short term and stop getting rekt. If he'd just put some money into BTC, or almost any altcoin, he'd be sitting on some nice profits in a year from now or so. If not an insider, or a really really good, and sometimes lucky trader, you're gonna lose a lot of money in crypto and it's such a pity to do that during bull markets.

Thanks for attention,
Adrian