Bitcoin "Bear Trap"

in #bitcoin7 years ago

You all must have been aware of the current situation of the cryptocurrency,Bitcoin took a huge dive down from 5000$ to around 4300$ in a couple of days.This is what is called a "bear trap",the investors who have invested a huge sum of money into this crytocurrency sell off a large chunk so as to reduce the price of the coin,after which they can buy a lot more for the same amount which in turn gives huge returns.

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Be aware of this situation and use and make your investment wisely.

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Good luck....:)

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The Newton's third law applies in the trading too.