Post
Topic
Board Speculation
Re: 5 digits
by
South Park
on 27/11/2017, 20:51:25 UTC
I am just wondering if there will be a 10k selloff or if it will eat straight through it, unlike sub 5k levels, BTC has become a lot more tame - slow but steady

10k is a barrier in the logarithm sense, and 5k is just another another number that isn't much different from 2k or 9k. A selloff or great resistance near 10k is more likely, but of course others things may have more influence and make the 10k barrier be crossed fast
10k is a barrier in more ways than one, that would be the first time bitcoin will have 5 digits in its price since 6 digits is so far away this will be the last of a series of milestones that bitcoin has conquered in this year, some of the milestones passed very quickly and there was not time to reflect about what it meant but it is going to be different if we surpass 10k.