The No.1 Rule of Bitcoin InvestingIf you've been trading Bitcoin and Ethereum for a long time like me you can be sure of the following key point: NO ONE KNOWS $H1T.
This seems to be lost among all the newbie crypto-fans on this forum. If you take a snoop around on the Reddit Bitcoin Daily Chat you will realize that they've collectively accepted that they know nothing about where the price is going. And they ACCEPT this.
However everyone on stockhaus seems to be fully sure it's going to moon based on 1 single guys theory called "stock to flow" which is a backward looking metric. Equivalent to driving a car by only looking in the rear-view mirror.
The only lesson I want to impart here is: do not get over-confident in your beliefs because crypto can humble you in 1 day. It can be very tempting to get lost in group-think - i.e. lemmings running off a cliff.
I honestly wouldn't be surprised if institutions were exiting their positions for the last couple of weeks. It's a rinse and repeat job that is insanely profitable.
Sure I've been having fun goofing around on this chat for a while. I want to be clear that this post is deadly serious.
Good luck. TS.