Yahoo Finance: “When to buy and sell bitcoin? It’s ‘exactly the opposite’ of stocks: DataTrek”By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek co-founder Nick Colas:
.... "Though there’s no guarantee that what comes next won’t be different, hedge fund veteran and co-founder of DataTrek, Nicholas Colas, pointed out an interesting pattern with bitcoin different from what we usually see in stocks.
Bitcoin is best bought when it's "boring" and best sold when it's "moving sharply higher and we feel like geniuses for owning/recommending it," wrote Colas.
“It is the classic ‘instead of yellin’, you should be sellin’’ trade,” he added"....
Read the full article here on Yahoo Finance!