Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.
Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.
Guys I'm thinking about buying some bitcoin. Should I fire now or wait for a bit of a dip?
Wait for low 7xxx.
Will it bounce back near 7200-7300$ support as it did last time ? That's a million dollar question.
By the way i am expecting a pull back soon that will take us again above 8000$.
Guys I'm thinking about buying some bitcoin. Should I fire now or wait for a bit of a dip?
Wait for low 7xxx.
Will it bounce back near 7200-7300$ support as it did last time ? That's a million dollar question.
By the way i am expecting a pull back soon that will take us again above 8000$.
Why are you expecting a pull back soon please?
A very simple reason of a bounce back is that people are waiting to buy it at around 7000$. Since Halving is coming and Baktt already working, i do not think price can dump more as it did in 2018 at the same time when it dip from 6000$ to 3000$.
Is this the reason of bitcoin / Stock market crash ?
Coronavirus destroyed both the humans and the bitcoins.
Is the hope of Bull run is dead ?
