I agree with your outlook, and in order for someone to make money, others need to lose. The pumps aren't anything to say about unless the price can be sustained, and it could just be people flushing out the bears before pulling it lower. Those margin calls can be deadly.
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Yeah, the pumps definitely needs to hold for at least 3 to 6 months for one to even begin to consider if this might be a "run", but for now, I just think it's one of those things and anyone who is trading should make their profit and just move on