Quote from: Distinctin on May 07, 2019, 01:03:39 PM

Quote from: klaaas on May 06, 2019, 12:18:06 PM

Quote from: BlueStackz on May 06, 2019, 05:57:30 AM

Haha, at $10,000, I am still very far from recovery lol

It feels a bit as the ATH from mt gox, if you can hold it out i see defiantly a roi as outcome it will be a long waiting game do.

A lot of investors still want higher than $10,000 because the ATH was $20,000.
Not only with bitcoin but we also like to see altcoins to rise, as altcoins fall harder compared to Bitcoin.
$10,000 this year is already a very conservative prediction considering we are close to $6000 now and the movement is really good.
If the price will reach $7000, we will be at over 100% increase this year so far, that's from its low of $3200, so people's expectation would be higher.

We all want the price of BTC to cross over $10,000 and higher for us to be able to recover our damaged investment, but that would not happen this year, the highest point I see this year bulls pushing the value of BTC to by the end of this year would be $10,000, after which a little correction will occur, but will forcefully bring more FOMO purchase during that correction phase.

The same mindset some people have now of bitcoin still dumping its price lower is the same mindset they will still carry till bitcoin reaches $10,000, by then they will be wishing for a reversal and at any slight reversal opportunity they see, they will quickly rush the value while other follows them to create the buy that will lead to FOMO.