I doubt this is a good example. These guys are not bagholders. They're speculators, just from the frequency they run off their mouths and spew predictions depending on the ebb and flow of the tide of sentiment. Also, permabulls can still make low guesses anyway, they're perma, not short-termers.
But hell, 9k not possible in the entire three months left we have of the year? What a timid estimate, anyone of us here could have pulled that out of our asses. Might as well have gone daring and say we won't be testing 8k.
Either way, happy to gain more when everyone else wants to sell!
It was not a timid speculation but instead it was a speculation that was created based on our current movement and market.
We as a trader always think rationally, we never made a judgement based on whatever do we want to hear instead we are making a speculation based on the possibility, currently we can see the price is starting to climb up and at the same time the bears is losing their power. But it does not mean that it will break its ATH again,because a lot of people felt afraid of it and do not want to get caught of it again.
Last year we pushed it to $20.000 and right now we are in $6000,how much money that they have lost if they were buying it at $20.000 ? this thing called being smart instead of timid.