Why exactly? Because the net present value of all future interest payments is higher? Oh wait. Because a dcf of the underlying company implies a higher valuation? Oh wait. Because it’ll pay out dividends soon? Oh wait. Because someone will buy bitcoin at a premium soon? Oh wait.
This is fucking GARBAGE dude. I hate confident price pronouncements.
Date: June 14th, 2018 10:06 PM Author: aromatic doobsian stead
Why would someone short after it's bounced off 6k multiple times. Sure it could break down past 6, but if anything, buy the crash all the way down, including a potential bottom at 6k.
This is a safe way to play it. Chances of at least getting back to 20k at some point in the next few years are pretty good.