Not sure what price the whale got on his sales. I would think a high price at first, much more than the 6250 bottom, but unless he unloaded most above 7400, I am not sure how much money was made on the drop since it was so short lived. Any mention from Bit-whatever exchange that the same customer bought back at the low or even anywhere in the 6000’s? Perhaps it was just an experiment.
When the down-spike began, Bitcoin had already fallen into the 7700’s, well below the sometimes quoted 8200 starting point for this dumping of coins. The day to sell was the day before. I sold half my GBTC position early Thursday, missing the high (and the last 3.3% to be had) by about an hour.
As for shorting, how would one do that with crypto coins? I know with stocks, you basically borrow stock you do not have to sell. So how does one borrow crypt—? oh, yeah, that’s right, those of us who use Uphold and CredEarn loan out our coins every 1st and 15th of the month. Hmm, are we market makers now?
I see XRP was below 40 cents again yesterday. I tried to buy exactly $260 worth on Friday in honor of you, MS, but could not get a round 700 for that price. Came close, but when including Uphold’s 1.4% fee (or even splitting the difference), could not quite get my target. Looks like dips below 40 are buying opportunities, like dips below 30 were two weeks ago. Hope so. Still have powder this month. More next.
Now that is me telling friends (well, anonymous acquaintances at least) that I am buying. Is that worse than telling friends and family you are selling?
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