Novice investors trying to get rich quick on bitcoin are going to learn one of many hard lessons. A very important lesson is this:
It is easy to get into a market. It can be difficult to get out.
Consider as bitcoin was crashing from its 17K+ high. Coin base displayed the following message to users:
When the bids go away a vacuum will form under the bitcoin price. There will be no more buyers any where close to the current prices.
Consider this. Do you know anything in the history of mankind that has went from 6K to 20K in a few weeks? Do you truly believe these price appreciations are sustainable?
The price of bitcoin can not get any more vertical than this…
This is a top.