It has gone up around $800, do you think they could run it up and then I would come down before January 1 before the new year. Or they will not come in to play? Im waiting for some money to clear to buy some. And I dont know right now is the best time to buy
$800 is not a sign of something else. It just means that the price of Bitcoin is alive and being traded. Only up to that. It does not give us a heads up of a future bull run or something. If you want to buy, the price within $7,000 is still very cheap. I can even say that the price of Bitcoin under $10,000 is very cheap.
I think so too. $800 is just over 10% and is normal for bitcoin to jump around that much. I agree with what you say and anything under 10k is still very cheap. I think even the people who bought at 18k will be in the green if they hold a few years more. People need to remember you will alive for many many more years and there is still time to wait. Don't give up so quickly and sell out. Only sell when you plan to buy more bitcoin afterwards. Always look to the longterm which will be 2 years? 3? I think 5 years from now anyone who buys bitcoin today will have a lot of profit. Now imagine you looking at this in the future 5 years from now and wish you listened.
The people's desire is to have much money as quickly and easily as possible. That is greed. People want the price of Bitcoin to just jump right into $100,000 or even higher overnight without any sound reason just so that they will meet their desires. Actually, some crypto personalities do not want Bitcoin's price to be like that because it kills the basic design of Bitcoin as a currency. It will become purely a tool for people to get rich. It is not. But it could be, only you need to wait.