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$BTC Why is it falling today? Is it because there’s war again—war, war? Then it goes into a freefall, then people say they’re trapped, trapped. Isn’t that childish? Do price ups and downs always have to be blamed on some reason?
Now I want to ask: for those people who blindly go long in the US stock market and say it’ll go up sooner or later, when you backtest a 50% drawdown, can you withstand it? Being able to hold is one thing; getting back to break-even is another. If the pullback ends—suppose I buy the dip now—I can double, while you can only get back to even. That’s the advantage.
Isn’t making strategies just going with the trend? When a downtrend forms and another sell signal comes, shouldn’t I push hard to short?
It’s very hard for a trend to change in a short time. And the “storage” company was already in an overvalued position with AI bubbles 🫧 due to excess capacity being popped—no one can get away.