No doubt about it, you can still make a lot of money from it and you should as long as you have the chance to!
But if you look at things like:
1000 people own 40% of Bitcoin
No one knows Satoshi Nakamoto
The value of Bitcoin is still tied to goverment approved currencies
Futures introduced lately
With the option to buy futures for BTC, there’s also the option to short them. To ‘short’ something is to bet that it’s value is going to sink. The opposite of buying stock basically, the same thing the real Jordan Belfort did with penny stocks.
We are now in the phase of pumping up value of BTC, when it reaches a reasonable amount those 1000 people could decide to ditch out and you know what happens when the course starts falling drastically?
A lot of people will jump on the train of getting rid of their coins which will drive the value down even more…
Since BTC is bought by everyone, and most of the buyers have no knowledge of the stock market or haven’t done anything like it before they all are going to ride the ‘Sell ASAP’ train.
Those 1000 people will short a lot of BTC futures before the dump, and since the trust in crypto is so big they will find a lot of brokers that are willing to accept the short!
Make money on the uprise, cause the downfall and make money on that too!
Just writing it down here so I can say I was right when it’s happened