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Good Luck To The Bitcoin Shorts, They’ll Need It

December 21st, 2017 · No Comments

  • The advent of Bitcoin futures was going to enable shorts to bring the value of bitcoin back to earth.
  • So far, this hasn’t happened, and it was never very likely in the first place, as we’ll explain.
  • There are two powerful forces propelling bitcoins higher and introducing futures and EFTs will only lower the barriers of entry.
  • Since we’re now well and truly in the parabolic phase, a considerable correction is likely but this will be seen by too many as a buying opportunity for it to do lasting damage.

Source: Good Luck To The Bitcoin Shorts, They’ll Need It – Winklevoss Bitcoin Trust ETF (Pending:COIN) | Seeking Alpha

Tags: COIN