PlanB Reacts To Moneyweek’s “How To Short Bitcoin” Scheme
From the looks of his Twitter account, Doctor Matthew Partridge seems like a man busy defending the British covid-19 response.
Most of his comments explain the decision to roll out the AstraZeneca vaccine in the UK while the European continent criticizes and attacks it. Nowhere in his most recent twenty or so twitter posts does the man say anything about investing or money management. But this is all a smokescreen.
In fact, he’s the author of Superinvestors and a man who is teaching people how to short Bitcoin.
How to short Bitcoin?
Problem is that he rehashed the same article in 2017, 2018, 2019 and even in 2021, hoping that one of them might be correct sometime. If you go to a search engine and simply type Moneyweek How To Short Bitcoin or go on the Moneyweek website and search for short Bitcoin, you can clearly see that Doctor Partridge gave the same advice to his readers as he does now.
I keep seeing guys like this that must hate S2F. pic.twitter.com/5yBKTU3dYi— Hutch Spencer (@hutchspencer) April 13, 2021
That last one must have been easy to write, as it was exactly the same title he placed on 13 October 2017, saying It’s time to short Bitcoin (yes, that is the exact same title).
A good thing he repeated this advice then, as between October 2017 and January 2018, Bitcoin wasn’t exactly shorted. In fact, this was the moment of the first worldwide known ICO and Bitcoin bull run, which saw the coin rise from $3,000 to $20,000.
Taken in Greenwich Park pic.twitter.com/Z2tj9QBTdv— Dr Matthew Partridge (@DrMatthewPartri) April 10, 2021
In July of 2019, he once again urged people to short Bitcoin, and then did the same a few days ago. In each case, Bitcoin reacted by going higher.
For the sake of argument, Dr Partridge claims that you should only start shorting Bitcoin this time round after it falls from $60,000 to $40,000 and panic sets in. This in itself explains why Moneyweek is offering their first six issues for free of course.
With this kind of advice, start selling when panic sets in, you’re a guaranteed winner.
Any crypto enthusiast will probably not take them up on their offer though. Looks like Dr Partridge has another hobby as well, photographing squirrels in parks. He might want to stick to that one because Bitcoin also had a response to his 12 April advice on how to short the coin. On 13 April it broke through a new all time high.
Or, as anonymous Dutch trader PlanB said in response when someone pointed out the article to him:
We need the haters too, somebody must pay this party.