The short speculators.....Are playing a dangerous game.......especially when it comes with fooling around with an animal as dangerous & unpredicatable as Bitcoin. For those that have NO CLUE whatsoever of wth i'm talking about, i'm talking about these venture funds, these unscrupulous hedge funds & speculators TRYING to play both sides of the game.......By going long on Bitcoin & hedging their bets by shorting the miners. Basically trying to use the same exact tactics they use for almost ALL commodities, especially stuff like precious metals & energy.
THis is EXACTLY why Bitcoin has been moving UP substantially, BUT the miners, ALL the Bitcoin miners, are STUCK in a tight range, stagnating or even going the opposite direction. But let me tell you mt friends, this is a VERY DANGEROUS game they're engaging in because Bitcoin isn't Gold or Silver or even crude oil. It's a totaly different beast, which you cannot chart, anticipate, predict or even analyze with a short term accuracy, compared to those other sectors. And will BET BIG that these "speculators & funds" will find out the hard way when they get caught with their pants donw on atleast one side of that double trade or even on both sides.
This im the end, is WHAT will make Bitcoin go completely vertical like a rocket ship to the moon, and then drag every miner along with it for the ride! So keep holding my friends, and STAY PATIENT for that to happen. This will be a RUDE awakening for a lot these market speculators when they find out that Bitcoin isn't what they thought is was and it doesnt react the way they had antipcated or could ever predict!!!
GLTA