Post
Topic
Board Speculation
Re: What's your plan for the next bull-bear cycle?
by
gentlemand
on 02/11/2018, 14:25:38 UTC
Quote
so my plan is to probably sell most of my Bitcoin

Hate to be boring or negative even but if the plan is just to sell and everyone has a similar plan can you spot the flaw in the plan to this ever happening  Undecided

I well remember the - delusional - panic about a return to the $1000 level. Would everyone run for the exits? Same went for $10,000. Surely it would be too much to resist?

It wasn't. It made it through both with relative ease.

If things are bubbly then someone selling their $500 bitcoins is going to have an army of newcomers wanting to buy it off them for tens of thousands. And there won't be many $500 bitcoin owners left by that point.