you keep linking to that article, but there's not much real
Posted on: January 29, 2021 at 09:13:59 CT
phrejd STL
Posts:
95743
Member For:
16.46 yrs
Level:
User
M.O.B. Votes:
0
info there other than an assumption that institutions must be buying because some of the trades look like they might be institutions. i wouldn't put too much faith in that.
listen i'm not denying there has been a rally or that bigger players have been involved at different points. i'm just saying i don't have any faith in the sustainability of it. the only reason prices have gone up is because you have a bunch of individuals chasing gains that have already happened. that just isn't sustainable.
but hey, i fully admit i could be wrong here. it could be that it has established a firm base at $30k and it's nothing but up from here. we'll see. but if it does i'll miss out because i'm not buying.