So let's try to think about thinks objectively
Btc is an asset that has A lot of hype behind it
I don't know about you but other than being a trader, I haven't heard (non traders) talking about btc that much in the last few weeks
You know what I'm talking about right? Like when your friends on facebook who don't know ish about trading but because they see everyone talking about "investing" in something they now want to jump on the bandwagon? Yeah those people. I haven't heard a lot of those people talking about btc.
The reason why I say this is simple. I believe it was Warren Buffet who said this > "invest when others are afraid and be afraid when others want to invest". In other words, now is the time for more buys in my opinion.
This doesn't mean take out a second mortgage on your home btw Karen, this means scale into a buy if you agree with me in a way that allows you to invest money that you are okay investing. You should never invest money you aren't willing to lose.
Also keep in mind the fact that if we look at what is going on on the chart itself, Btc is very near to the previous ATH (all time high). Dropping it now wouldn't make sense for the whales, because think of how many other people are expecting Btc to dump at this price point.
The more people interested in a particular direction, the less likely it is for price to go in that direction because the "prize money" needs to be split up amongst a bigger pool of traders.
Selling here would mean a lot of people who are looking at BTC at this point would make A LOT of money. Do you really think the whales want that? No of course not.
Sorry for my long rant but this is how I look at it. Personally Right now I actively hold some btc and it's up quite a bit. I currently have no intention on getting rid of it just yet.
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand
Btc is an asset that has A lot of hype behind it
I don't know about you but other than being a trader, I haven't heard (non traders) talking about btc that much in the last few weeks
You know what I'm talking about right? Like when your friends on facebook who don't know ish about trading but because they see everyone talking about "investing" in something they now want to jump on the bandwagon? Yeah those people. I haven't heard a lot of those people talking about btc.
The reason why I say this is simple. I believe it was Warren Buffet who said this > "invest when others are afraid and be afraid when others want to invest". In other words, now is the time for more buys in my opinion.
This doesn't mean take out a second mortgage on your home btw Karen, this means scale into a buy if you agree with me in a way that allows you to invest money that you are okay investing. You should never invest money you aren't willing to lose.
Also keep in mind the fact that if we look at what is going on on the chart itself, Btc is very near to the previous ATH (all time high). Dropping it now wouldn't make sense for the whales, because think of how many other people are expecting Btc to dump at this price point.
The more people interested in a particular direction, the less likely it is for price to go in that direction because the "prize money" needs to be split up amongst a bigger pool of traders.
Selling here would mean a lot of people who are looking at BTC at this point would make A LOT of money. Do you really think the whales want that? No of course not.
Sorry for my long rant but this is how I look at it. Personally Right now I actively hold some btc and it's up quite a bit. I currently have no intention on getting rid of it just yet.
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand