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/biz/ - Business & Finance

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54590882 No.54590882 [Reply] [Original]

https://tickeron.com/compare/BTC.X-vs-TQQQ
>People are rotating out of stocks and getting into Bitcoin!
>Hyperbitcoinization is happening! Stockbros btfo! Hfsp!
How do you feel when you open up a 1 minute chart, side by side, with TQQQ and BTC?
How do you feel when you realize TQQQ goes up, Bitcoin goes up?
What goes through your head when you see TQQQ shoot down and immediately see Bitcoin do the same?

Have you realized yet that there's an incredibly large amount of leverage long stuck up in the space, and the moment stocks take a turn for the worst Bitcoin will disproportionately shit the bed?

>> No.54590921
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54590921

And almost more importantly, notice how the within-a-few-minutes pumps are becoming less and less large as far as percentages up?
This means there's less and less shorts. There's more and more longs.
Contrary to your positions, many market makers are only interested in making money. To do this, you pop shorts. You liquidate longs. Only when the leverage is gone will anyone take an actual medium-to-long term position.