coreSATS

Beware of the 15m BTC/USD swing risk scenario

Short
COINBASE:BTCUSD   Bitcoin
Not a piece of financial advice.

Quick update: Michael Saylor's MicroStrategy has purchased an additional 480 bitcoins for $10 million as crypto markets lost about $900 billion in Value. Is this good news?

The markets seem determined to flush most of the gamblers, including but not limited to active small-scale traders. This is a washout session that offers glimpses of false trends here and there. Therefore, I would not be too sentimental or rush to get in, not at all. But, I will require a supersonic speed to get out though.

Also, some of the exchanges might get plagued by bots competing with each other or even planted to compete with each other to falsify or increase so-called trade volumes in some unregulated countries or the countries that are more likely to escape from scrutiny.

Stay alert as I will keep posted the updates.

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