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The Story of Gold and Bitcoin: Bulls Make Money and Pigs Get Slaughtered


There is nothing wrong with being a bull in the stock market or a bear for that matter either.

Nothing at all in fact.

It's about seeing the trend and getting aligned with it.

But being a pig in a finanical market will eventually lead one to the slaughterhouse.

It's funny because when I started out trading in the 1990's the saying "bulls make money and pigs get slaughtered" was a really common phrase I would see on the internet stock trading message boards.

And now no one says it.

Today it seems like everyone wants to believe that the thing to do is throw all of your money into ETF's and just believe that they will go up forever so that phrase no longer fits with the spirit of the day.

But in the past few weeks we have seen SNAP IPO buyers get smashed and TSLA bulls who listened to "Fast Money" goons get burnt.

And today we are seeing the true pigs of the market and that is the Bitcoin bubble chasers of the past few months get vaporized.

Today Bitcoin is trading right on $2,000 after it went through the key $2,200 support level last week.

It's a disaster from its bubble top and it happened because people with no idea of the real worth of what they were buying (Bitcoin has no intrinsic value and the US Senate Intel Committee ordered the start of an investigation into it as a threat to the US nation state) and no game plan when they bought are now trapped with losses.

Big drops like you are seeing now in Bitcoin come after tops form that bring pigs into the market.

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