Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Let's look at this trade I did below back when (GE) was trading at $16.55. I entered a limit order to short 1000 shares (9:37am) of the stock at $16.55. At this point I did not own those shares so my broker let me borrow them. Since I was correct and the price dropped I went ahead and bought the shares back by entering a buy to cover limit order for 1000 shares at $16.40 (9:42 am). This was a $150 profit in 5 minutes ($16,550 - $16,400 = $150) you make money by selling at a higher price and buying back at a lower price. It's like borrowing your friend's printer that costs $100 and selling it to your neighbor for the same price. You then buy that same model printer back for $90 and give it back to your friend to make a $10 profit.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.