I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.
I don't get it? We were already over $10k a few weeks ago. Its not a number that is out of reach, we could even pump it with a equal sharp rise in a day. Breaking the last ATH is a whole different level, and that would give the confidence for large scale player to really enter the bull. 10k will be a blip on the chart like the $1000 high of 2013 is now.
Well yes, $10,000 would not be enough to bring institutional investors to the table, but it would have very positive impact and would mean a lot more then it did few months ago when it crossed it like every other day.
Breakout through 10k today would mean that the short-term bearish trend would end and open doors to much higher price as well. But right now we struggle to even break the 9k mark and the lows are getting lower and lower.