Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Anyone clued up on bitcoin, or that has been following it for at least a while, knows that the China question is like the elephant in the room.
I think a lot of people, me included are hodling off to see how that plays out.
I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.
I think a lot of people, me included are hodling off to see how that plays out.
I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.
this.
everyone is doing this.
and selling doggy coins, if they have any.
But... but... if everyone sold waiting for the price to drop so they can buy back in, won't the market move in the opposite direction?
not necessarily.
is everyone going to buy back higher or just cash out the profits...
this could be one of those times where going down is beneficial on the long term. we will sucker in more people into buying if it gose down. if it only ever gose up, you can bet your ass that the coins are simply being bought up by a handful of billionaires
idk maybe....
please go down PLEASE! i'm begging at this point....
I think it's a waiting game, but at least we know it's only another week (or two) to wait. Not an indefinite wait. The market will give up clues as to what it'S decided and people will act. I personally would LOVE to see a dip to anywhere between $450 - $650.. i have been waiting.. but i like everone else will decide in early Feb, when the market does!