Make your vote, Bitcoin will hit 18K now?
- Thread starter SoNewToAllShit
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True democratic, decentralised asset class remain volatile like this some day it will price 100$. May be some day $10 million
Gone long now @24k with a stop at 21k.Either some quick upside or a quick whipsaw.I dont have much conviction in this trade but i never disagree with the price/the tape.No need to get married either to the bull or bear side - just trade as per the line of least resistance.
Well i was holding my shorts from about 56k till before a few days ago booked profit , then again shorted and got stopped out at 22500 on the upside.Now i have reversed my position and going long at 24 k,lets see how far it goes.Dont have much︀ conviction in this rally but will play this hand all the same.(SOROS said you need︁ to ride the trend which is built on a false premise and get off before︂ it is discredited.)
After closing out longs a second time at 22k,had reinitiated shorts at 21k with a doubled position.Waiting for lower︀ levels
I would have sworn back then that BTC would never go that high, not to mention when I talked with some people about BTC rising to 100K in 2019, back then we laughed and said it was a utopia. I think that utopia is about to become reality soon.
indeed. fiat has no cap and can be printed without limits. Hence bitcoin rises as long as this continues.
Anyone has an understanding as to who's buying currently, in these last 24 hours? There must be a huge sell wall around 80k, BTC briefly hit 78k because of it, but jumped back to 79k within an hour... Who are those buyers? Companies, banks? Why are they buying now, instead of 2 years ago? I don't imagine many retail investors are FOMOing right now? Crypto looks like a scam to most normies
mostly BTC ETFs - they are sucking out huge amounts of liquidity from the market - great thing is that there is a massive inertia and very unlikely they will reverse significantly
then many institution, family offices, wealth managers, companies with positive cash flow, fiat reserves and sane financial management - basically anyone who has mediocre knowledge should now understand what's going on
retail FOMO not yet as it's really difficult and mentally challenging to hop in at current nominal price level knowing it cost 18k not a long time ago and they still remember the previous cycles - it will come no doubt - beautiful︀ example of natural selection, those with guts and strength will survive
then many institution, family offices, wealth managers, companies with positive cash flow, fiat reserves and sane financial management - basically anyone who has mediocre knowledge should now understand what's going on
retail FOMO not yet as it's really difficult and mentally challenging to hop in at current nominal price level knowing it cost 18k not a long time ago and they still remember the previous cycles - it will come no doubt - beautiful︀ example of natural selection, those with guts and strength will survive
I hear you, absolutely, on the other hand there are people still waiting to buy at 10k (even 40k which will very likely never happen again)
potential loss is disproportional to potential gains - buying bitcoin for whatever one can afford is a no-brainer since FTX and still is today - how petty will this "dilemma" look once we will reach 500k, and we will︀ inevitably
potential loss is disproportional to potential gains - buying bitcoin for whatever one can afford is a no-brainer since FTX and still is today - how petty will this "dilemma" look once we will reach 500k, and we will︀ inevitably
In principle, you are right; right now it sounds completely absurd that bitcoin would ever reach 500K, but it's the same situation we had when this thread was created in 2022, where no one believed it would ever reach 81K as it is now. Along the way, it has dropped significantly only to come back strongly again.
it's clearly a matter of perspective - to me it's completely absurd to think it wouldn't happen 😉
like saying in 1995 that only scientists and company management will use internet on a daily basis
like saying in 1995 that only scientists and company management will use internet on a daily basis
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