But why would they decide to spend money on a long-term pump when they have the shorting bonanza of legends right now for free?
On the other hand, with all the VC money flowing into bitcoin why donīt any of these entrepreneurs do anything to stabilize the price of bitcoin? They sort of depend on bitcoin being an attractive proposition.
On the other hand, with all the VC money flowing into bitcoin why donīt any of these entrepreneurs do anything to stabilize the price of bitcoin? They sort of depend on bitcoin being an attractive proposition.
Just look at the pump from 300- to 400+, why they did that? Profit. You may think they are net buying during a pump but that is seldom the case. Regarding venture capitalists, most of them are rich kids that will lose all the money their dad has hard-earned during a lifetime. Some of them get lucky, once in a while, but that is all. Do not count on them stabilizing the price.