Over the weekend, I binge-watched last week’s congressional GameStop hearing entitled, “GameStopped – Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide?” The all-star cast of witnesses included Gabriel Plotkin, founder of Melvin Capital, the hedge fund that needed a $2.75 billion bailout investment after getting caught in GameStop’s short squeeze; Vlad Tenev, […]
Using Psychology to Justify Bitcoin’s Meteoric Rise
Some use charts to predict price fluctuations. Some focus on fundamentals. Others use time machines built out of DeLoreans. Whatever mechanism you are using to forecast the price of bitcoin, make sure not to overlook the most basic analytic tool of all – psychology. Human behaviors as dictated by the human mind speak volumes as […]