Ninjastic
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Cassius
on 25/06/2019, 08:26:36 UTC
Quote from: Lauda on June 25, 2019, 07:36:47 AM
Quote from: thd26bct on June 25, 2019, 07:36:03 AM
Quote from: Lauda on June 25, 2019, 07:30:32 AM
You will end up praying that the crash from $70-$100k takes us back below $20k to buy back in. Smiley We're at $11k with next-to-zero FOMO.
LOL, I think people already FOMOed with bitcoin, around $11,000. Nearly 7 months of bull run, that is too long and bitcoin has gone very far from its start. I could be wrong but I will keep my principle to stay away from FOMO, and keep my patience to be safe and have better chances. Months ago, no one believed that bitcoin would even drop to $6,000, but it actually dropped deeper than that range. From now on, I will keep waiting (taking profits of rest of my bitcoin, and waiting for chances to buy back).
Google Trends proves that you claim is incorrect. This one is due to (small sample of) institutional investors mostly (Fidelity et. al.). Taking profits into dirty FIAT is just wrong.

Google Trends and data on wallet sizes. Very little retail interest so far - it's mainly big holders who have accumulated.
Even when BTC broke $10k we saw little mainstream media interest. In 2017 the BBC and just about every other major news site ran daily articles on crypto. Almost nothing this time. I guess they still feel burned by last time.
It's starting to change, but only just getting going now.