Bitcoin pumpers assured HODLers that once Bitcoin made a new high, momentum investors would rush in to buy. That was part of the pump to keep the little guys on board while the big guys dumped. Bitcoin made a new high, but instead of new money rushing in, old money cashed out.

by Peter Schiff
Bitcoin pumpers assured HODLers that once #Bitcoin made a new high, momentum investors would rush in to buy. That was part of the pump to keep the little guys on board while the big guys dumped. Bitcoin made a new high, but instead of new money rushing in, old money cashed out.

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Bitcoin (BTC) $ 38,298.26 1.54%
Ethereum (ETH) $ 2,097.66 3.40%
Litecoin (LTC) $ 70.49 1.49%
Bitcoin Cash (BCH) $ 223.86 1.01%