Its been on my mind a bit, do you think that we will see a dip during the holidays from people cashing out? With Bitcoin nearing 10,000$ I am just curious as to whether its got a chance to hold its value or if its a given that people will start cashing out soon.
It will either fail to cross $10000 and we will get a dip for a next attempt, probably next year, or we will cross $10000 and then go straight to $11,000-$13,000 or something along the lines. Since it such a strong psychological barrier, if it gets crossed then the confidence is reestablished, forming a feedback loop in the bull market, to the point that $10,000 could become the new floor rather soon.
I think it would be better to correct before crossing $10,000, but the bull market is so strong that I think we are just going to the moon.