Cryptocurrencies are often incredibly volatile and can see massive price swings in a short time. This makes them ripe for bear traps. A bear trap is a situation where traders wrongly think a coin is about to reverse a downtrend. These events often result in significant losses. This guide will discuss crypto bear traps, how to identify them, and the risks involved in these situations. Introducing Crypto Bear Traps A bear trap happens when a trader buys assets, expecting the…
Tag: Robert Kiyosaki
Rich Dad’s Robert Kiyosaki is Waiting for Bitcoin to “Test $1100”
Famous investor and life coach Robert Kiyosaki tweeted this morning that he was waiting for Bitcoin to dip to $1,100. While there is evidence that the celebrity author intended to tweet “$11,000”, several Bitcoin enthusiasts still don’t agree with his analysis. Typo or Impossible Prediction? The author of ‘’Rich Dad, Poor Dad’’ took to social media around 1:30 am UTC to share his “buy-the-dip” plans. Robert Kiyosaki has long been a crypto proponent and Bitcoin bull. However, despite his position…
2 months ago 
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