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RE: 🔥 BTC miners stopped selling. Anything more bullish than this?

in LeoFinance3 years ago

I hope you're right. BUT, if governments can just print as much money as they want, what's to stop them from continuously shorting BTC and never having to pay it back? Think about it, if they have unlimited resources, they could short every buy order that comes in until the buying dries up. Then they could KEEP shorting until they drive the price down. As leveraged long players get stopped out, they can fill their shorts and, presto, a whole lot of buying got eaten up by "paper" shorts and the price didn't move. Now I have no idea how long they can get away with that or how much they can short without it showing up somewhere but...it is conceivable. Like I said, if they don't have anything to lose because they can just keep printing, then they don't have to play by market rules and can manipulate it. We'll see. I don't think it's quite high enough yet for them to get too crazy with it but I would expect something like this to show up in the next few months.

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