Now at 25600. It just keeps falling and falling, with almost all of the selling during market hours while the Nasdaq and S&P 500 are flat. BTC captures all of the downside of the stock market, down to the very tick, and none of the upside.
It has to be the worst investment ever...I have never seen such awful price action in an investment before except maybe We Work stock. I cannot think of anything worse. If you short BTC before market open and cover at closing bell, make consistent profits with this pattern. Been doing this all year, gl.
You can see how funds are dumping BTC, maybe on coinbase, when the S&P500 makes even a tick lower. You just front-run this by shorting BTC and going long SPX. Easiest $ ever doing this. This is probably how Renaissance Tech makes money but scaled way up. They look for signals of funds dumping a particular asset and then front-run the selling.
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[ 0.91 ms ] story [ 21.2 ms ] threadIt has to be the worst investment ever...I have never seen such awful price action in an investment before except maybe We Work stock. I cannot think of anything worse. If you short BTC before market open and cover at closing bell, make consistent profits with this pattern. Been doing this all year, gl.
You can see how funds are dumping BTC, maybe on coinbase, when the S&P500 makes even a tick lower. You just front-run this by shorting BTC and going long SPX. Easiest $ ever doing this. This is probably how Renaissance Tech makes money but scaled way up. They look for signals of funds dumping a particular asset and then front-run the selling.