Banks like Goldman Sachs and others were publically bullish on crypto for the last few days. Now the market dips. This is their playbook. They does the opposite of what they preach.

When ever you hear banks urging you to buy crypto because it is going to 100k or a million dollars remember these are the same people that urged people to buy mortage backed securities (MBS) in 2008 all the while heavily shorting it. These people says one thing and does the opposite.

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Let me be clear, i am not telling you not to buy crypto. What I am telling is never buy when banks or those self interested parties drum up hopium. They are in this business for making profits and profits comes trading against the crowds, this has always been the truth.

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The same goes to hedge funds or other big names. From all my years in stock market what I have learnt is that the always do the opposite of what news says. You are bullish on a stock and the news guys is telling you to buy it all of a sudden? Refrain from that trade at that moment, wait a few days the price comes down inevitably.

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So the short version is, whenever you see big guys drumming up hopium wait for the inevitable dip. You can stack more sats for the same money.

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The same goes for pumps too. Buy when the big guys are overly bearish. It's a precursor to a pump.