Bitcoin short squeeze on the way?

[bedroid]

Could a potential Bitcoin short squeeze be on the way in  the coming days and weeks? I think so...

Before I go into my reasonings for a potential Bitcoin short squeeze, I'll put out the disclaimer that I'm still fairly new to Bitcoins. With that being said, I'm an experienced Market Trader and know a thing or two about what makes Markets move and the ingredients for a short squeeze. For the short squeeze, it's often a company or commodity, some trading asset that is very bipolar and controversial in its very nature. People tend to be very passionate about these matters, either very much for the investment or very much against it. They all have their reasons why. In these instances of bipolar investments, the shorts who are so passionate against the investment, the in this case Bitcoin, will sell short heavily as it approaches all-time highs. That's where we are at now with Bitcoin, approaching all-time highs. It's reasonable to think there are those disbelievers of Bitcoins, or Bitcoin haters who are so adamantly against the very essence that could be shorting heavily right now. If they are selling short and true buying demand drives the price through to new all-time highs, which I think will happen here soon, this could cause the shorts to go covering their bets which further increases buying demand creating a potentially very nice short squeeze in the near-term before March 11th ETF decision.

What are your thoughts? Thanks in advance for your replies, I look forward to reading them and discussing the topic further...

bedroid

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[zippidy]

Absolutely, agree 100%.

And I feel bad for those guys, they just don't seem to understand bitcoin at all. The adoption and regulation of it around the world is increasing every week, China halting withdrawals while the U.S. has pro-bitcoin in the White House, India and Venezuela outlawing currencies... the world is turning to bitcoin, blockchain, Fintech in general. If the ETF doesn't pass, it would be very, very surprising.

[ImHash]

By the time the big investors realize that bitcoin has a protocol for fair distribution among the ones putting work on the network(miners) and only the major coin holders can be the real winners in the next decades, they'll suddenly wake up and see that they've been left behind and will start to keep the pace by accumulating, because bitcoin protocols and base code is not a joke and can deliver what is expected and what has been promised by Satoshi.

[davis196]

Absolutely, agree 100%.

And I feel bad for those guys, they just don't seem to understand bitcoin at all. The adoption and regulation of it around the world is increasing every week, China halting withdrawals while the U.S. has pro-bitcoin in the White House, India and Venezuela outlawing currencies... the world is turning to bitcoin, blockchain, Fintech in general. If the ETF doesn't pass, it would be very, very surprising.

I really doubt that the US has bitcoin supporters in the White House,but anyway bitcoin is getting stronger.
The price is going up and  i am waiting for the next exchange platform "hack" that will hit the market.
Those "hacks" happened before,they will happen again.
Despite that bitcoin is going really well.

[JayJuanGee]

I'm thinking that quite a few shorts have already been squeezed in the move from lower $1,000s to our present price in the $1,130 arena.  But, yeah, more short squeeze would be great...

[hardtime]

Absolutely, agree 100%.

And I feel bad for those guys, they just don't seem to understand bitcoin at all. The adoption and regulation of it around the world is increasing every week, China halting withdrawals while the U.S. has pro-bitcoin in the White House, India and Venezuela outlawing currencies... the world is turning to bitcoin, blockchain, Fintech in general. If the ETF doesn't pass, it would be very, very surprising.

I personally don't know how you people really think when it comes to saying the U.S. has a pro bitcoin man in the whitehouse, the guy that got appointed was the Budget Directory Milk Mulvaney or something along those lines. He's express that the Blockchain technology is wonderful and that he likes bitcoin, that's not to say in the least that he's going to do anything relating to bitcoin adoption in the U.S.

In the end, Mike is going to be reporting to the President, Donald J Trump, who is going to be following his own agenda and the agenda of the Republican platform. The only way that Bitcoin will be allowed to thrive is with the government not putting regulations on it and allowing it to flow. If they wanted, they could kill bitcoin rather quickly.

[zippidy]

Absolutely, agree 100%.

And I feel bad for those guys, they just don't seem to understand bitcoin at all. The adoption and regulation of it around the world is increasing every week, China halting withdrawals while the U.S. has pro-bitcoin in the White House, India and Venezuela outlawing currencies... the world is turning to bitcoin, blockchain, Fintech in general. If the ETF doesn't pass, it would be very, very surprising.

I personally don't know how you people really think when it comes to saying the U.S. has a pro bitcoin man in the whitehouse, the guy that got appointed was the Budget Directory Milk Mulvaney or something along those lines. He's express that the Blockchain technology is wonderful and that he likes bitcoin, that's not to say in the least that he's going to do anything relating to bitcoin adoption in the U.S.

In the end, Mike is going to be reporting to the President, Donald J Trump, who is going to be following his own agenda and the agenda of the Republican platform. The only way that Bitcoin will be allowed to thrive is with the government not putting regulations on it and allowing it to flow. If they wanted, they could kill bitcoin rather quickly.

Republicans are known to be pro free market capitalism, so I'm not sure what your point is.