Monday 1 February 2021

Please stop comparing bitcoin to GME and suggesting a short squeeze


Bitcoin has a 1% short interest. GME had a 140% short interest. That's how the squeeze worked there. Also, bitcoin has a $600B market cap, and most/all of the shorts are done with futures/CFDs that could maybe be cancelled. So it wouldn't work with BTC.Also, this is an insult to Bitcoin. Bitcoin does not need your help with some kind of artificially induced pump or scheme. Bitcoin is not a meme stock to toy with. Bitcoin is the future of money. Bitcoin actually has fundamentals and networking to support its price growth. In 5 years, Bitcoin will probably still be holding this level or higher and going up. We don't need investors hearing that bitcoin is a game and has to be manipulated in order to go up.So please leave your wsb autism at the door and stop comparing bitcoin to gme in any way or suggesting a "short squeeze" play.Of course, if you like the coin, then feel free to buy and πŸ’Ž πŸ™Œ πŸ’Ž πŸš€ πŸš€ πŸš€ πŸš€ πŸš€ via /r/Bitcoin https://bit.ly/2Yv1FSU

No comments :

Post a Comment