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RE: SUPERBOWL - buy a rumour and sell the news. Is this what's driving BITCOIN PRICE?

in Project HOPE3 years ago

I dont necessary think that this is the only reason that is determening the Bitcoin price action at the moment. I do think though that this event will bring a bunch of new people into the crypto space.

Agree with you @ga38jem

My goal was to warn readers, that such an event can (and most likely will) be used by many whales to take profit without crashing the price of BTC. And those who will buy BTC or altcoins now may end up being nothing but "exit liquidity" for those large players.

You might be completly wrong with your exit liquidity assumption and I do believe that the week after the SuperBowl will be a red one

I surely may be completely wrong. But if I'm wrong then the week after the SuperBowl would be in GREEN. And I do expect it to be red.

Cheers, Piotr

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