WHY ARE BITCOIN MINING STOCKS SELLING OFF: RIOT, MARA, ARBKF, HIVE
In this video, I will be going over the reasons due to which the bitcoin mining stocks are selling off. The institutions are manipulating retail investors. Considering what’s happening in the current environment we cannot simply look at the having tracker and think that what has happened in the last cycle will again happen in the current cycle. The bigger players are involved in the bitcoin space now and they want to eat retail investors for lunch or dinner. They can see Twitter, YouTube and other social media and see that people are talking about the halving tracker, the stock-to-flow model or the 21 week EMA. They are saying that if retail investors feel things will play out the same then we can wreck them and push the bitcoin price below these levels and then this will shakeout the retail investors. There is a lot of concern in the market about whether the bitcoin bull run is over. In the short term there may be a lot of volatility for stocks like RIOT, MARA, ARBKFand HIVE. What are your thoughts about bitcoin and the bitcoin mining companies? Please let me know in the comments below.
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