1) Create a closed system (bubble), where everyone pours in money, but few of them derive from the inflated investment attractiveness. - the price is rising. 2) You sell some virtual wrappers for candy for real money (on the exchanges themselves created).
Thinking about it, maybe this time could be different. In 2017, Bitcoin became way so much popular. New investors only want to profit, and are different from pros, silk road users, geeks, etc. So much greedy and weak hands.
JinFlark
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@NomeSobrenome, absolutely right. I do not want to offend investors. Simply since the beginning of active trade in crypto currency on exchanges, it has ceased to be an instrument of direct long-term investment. And the picture that we see now is nothing more than the one described above. I do not think that bitcoin will fall below support at 7000.
philipjterry
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But it's worth your time to do charts and commentary... or is your time not worth that much
JinFlark
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@philipjterry, it's always worth spending time on where you can earn money and trading crypto currency is no exception.
NomeSobrenome
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As Bitcoin, in 7 years, didn't passed by the same correction, over and over in January, solid reasons for the majority of it's pumps and dumps. Wish that trading view allow only TA. This is just criticism by criticism.