Quote from: EdenHazard on November 13, 2020, 06:01:42 PM

Quote from: maydna on November 13, 2020, 03:51:13 AM

~snip~

A lot of people who holding bitcoin right now will stop holding even when it's reached 200% from $15k to $30k .

They would think it's enough, and i do believe there only few people who stand till the end if the price really touches $100k.
It's just the same thing when people sees bitcoin at $500 back in 2016 2017 , those who holding $500 to $10k ... i bet very few. They lured to sell it off once they sees the profit is more than enough at $1500 which it's 300%.
So yeah hard to believe there would be a lot of people being loyal waiting and hodling till that price from now.

Perhaps people who don't hold bitcoin in a large amount will still hold their bitcoin, but for people who hold a large amount of bitcoin, they can sell in a large amount of bitcoin, and they will wait for the correct time that will happen after the price reach the peak price.

Although I don't have much bitcoin, I will still hold my bitcoin and wait for the price touches $100k to make me get a bigger profit. But I will also sell my bitcoin when the price can touch more than $20k because that is the last time I sold my bitcoin at the highest price a few years ago.

In 2016-2017, people didn't imagine if bitcoin can touch $10k, and once the price reaches that price, they sell in a rush and quit from the crypto market for a while until all of the coin prices is drops significantly.

So right now, I think people will still waiting until the price can be more than $20k, perhaps less than $30k to sell their bitcoin because they want to make a big profit after waiting for a long time ago.