What happened to BTC? [Explanation] [News Thread]

[13]

Thoughts on this?

what's this forum? @GemstoneXXX

It is 4chan yes.

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Thoughts on this?

This is probably fake, probably just someone that lost lots of money and wanted to not lose so he made a thread telling people to buy soon and promising massive profits if they do, just so they can sell & get more money than they would've if they sold at 35k. Quick pump n' dump, essentially another $GME

I mean the post blew up after it actually happened what he said. Its unlikely he couldve caused the dip. There was a second dip on friday too which apparently someone called on 4chan.

[225]

I think you should mention the influence from the US as well.

[3]

Nice one. Damn Elon and China. Is daily trading best practice instead of just investing and waiting?

[508]

Nice one. Damn Elon and China. Is daily trading best practice instead of just investing and waiting?

In general? Probably not. Day trading tends to be highly unprofitable. 

Chague 2019: most day traders lose money; like a casino, the longer you trade, the more likely you'll lose money: 30% of traders were profitable who only traded for 1 day; 15% of <51 days; ~7% of <301 days; and 3% of >300 days: https://papers.ssrn.com/sol3/papers.cfm?...id=3423101 https://sci-hub.st/10.2139/ssrn.3423101 https://cdn.discordapp.com/attachments/7...ue2019.pdf  n=19,646 Brazilians who first day traded the mini-Ibovespa future btwn 2013-15, tracked as a panel until 2017; using Brazilian SEC data (high-quality) on individual trades

In the stock market, it seems that investing & waiting is the best way to go.

Barber 2000: actively trading stocks hurts your investments: the fifth of traders who traded the most got (on average) annual net returns of 11.4%, which is ~40% smaller than the fifth who traded the least, who saw returns of 18.5% (slightly ahead of the market): https://papers.ssrn.com/sol3/papers.cfm?..._id=219228 https://sci-hub.st/10.2139/ssrn.219228 https://cdn.discordapp.com/attachments/7...an2000.pdf

xd

[187]

Thoughts on this?

This is probably fake, probably just someone that lost lots of money and wanted to not lose so he made a thread telling people to buy soon and promising massive profits if they do, just so they can sell & get more money than they would've if they sold at 35k. Quick pump n' dump, essentially another $GME

This is not fake, this is very real.
Surprised to find this on C.to to be honest