Xavofat
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December 07, 2017, 04:25:33 PM |
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You cannot have a "trading strategy" when the price rises by 29% in one day with a trading volume of 16 billion dollars.
There is absolutely no logic to this price rise and therefore it's impossible to have any coherent strategy. With this kind of volume it would be reasonable to suggest that almost all new users are solely in this for speculative purposes and that they will act based on completely crazy emotions.
It's always possible that hedge funds or some other major group will decide to short BTC on a large scale, but it's also possible that they will manipulate the market and take it higher, so it's not even worth speculating about that.
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