Category: Stocks

Three-quarters of bitcoin   holders could not identify a sound financial reason for investing, two-thirds said they hadn’t locked in a nickel of profits even as the price of the token rocketed skyward, and more than half said they didn’t worry about the technology security of their bitcoins — even though hundreds of millions of dollars of the tokens have already been stolen by online hackers.

Contrarians have been waiting for a pullback to get a more accurate read of market sentiment. That’s because it’s harder to get a read when the stock market is successively hitting new highs, as it has done in recent months. During happy times, many will pay lip service to being bullish but not really mean it. The only way to know for sure is to see how they react when the market stumbles.

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