Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
be careful. this next bull is not retail driven with fiat in mind. it is driven by institutional investors. their motivation is not fiat. they drown in fiat, that is not the point. their point is to invest in something that protects against a fiat meltdown. they don't invest to make more fiat, they invest to fucking escape fiat. they invest to hedge against fiat. for them, there is no top to sell btc for even more fiat. they will hold their corn.
The whole post was great, nonetheless, this paragraph must be printed and put on every wall!i have no clue if the escape velocity of btc price to never come back down +80% again will be reached this next cycle or the during a later one. be careful regarding both sides: if it just another regular cycle with blowoff top and +80% correction the hodlers that didn't sell any will look stupid. and feel that way also. the problem is it will be clear only in hindsight. you have to ask yourself what is most important for your situation: can you stand watching 80% of unrealized fiat gains to evaporate? or can you stand being a no-coiner the moment that hyperbitcoinitzation of the global finance takes place? it is both hard to cope with. so maybe adjust to some middle way. just don't sell all your corn, but - for the sake of getting rewarded - don't forget to take some fiat profits either.
charts look ugly right now. I expect a pull back and attack on ath postponed. which is all good. if we attack it early next year it would paint a much healthier chart.
but should we blast to $23k next week, I am happy to accept that also
