Quote:
Originally Posted by opendoor
The funny thing is, very few people (on either side of the argument) actually have a ton of conviction in what they're saying. If someone truly believed that they could predict the price trajectory in the short term with any real accuracy (as anyone talking about ETFs of halving seems to be suggesting), then they would have borrowed every dime they could get their hands on to buy out of the money Bitcoin options a month or two ago.
Hell, even less than a week ago, someone could have bought slightly out of the money March options and returned about 800% as of today. If the price movement is so obvious and predictable, then why is anyone settling for such small gains?
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I don't have a ton of conviction because I know it is almost entirely driven by human nature, and that's not something I'm going to bet on. People be crazy.
I'd be interested to know when the next crash is predicted by Bitcoin boosters though, and if they plan on selling it all so they can take advantage of it. If not, why not? Sounds like easy money.