Bitcoin's growing stability scares off crypto day traders

Hanno Labuschagne

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Bitcoin's growing stability scares off crypto day traders

Between 2013 and 2017, Peter To claims he made more than $1 million by day-trading Bitcoin during its bull runs.

While the world’s largest cryptocurrency has rallied in recent weeks, more than doubling from levels after last year’s epic collapse that helped blow up the FTX exchange, the 34-year-old professional stock trader in New York says it’s not enough for him to go back.

[Bloomberg]
 
growing stability, sure

but 2021-ish the price dumped around 80%
over the last month it jumped up over 20%

stable and as boring as watching paint dry amirite!
 
Clearly doesn't understand Bitcoin.

Don't let the door hit the vagina on the way out.
 
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