Quote from: SmokerFace on Today at 09:23:50 AM

Quote from: amnakhan2011 on December 15, 2020, 06:46:44 PM

Borrowing money at $19K, is not smart. I also know that getting loans at $10K and selling right now would have been an amazing idea. Personally, I was trying to get loans in summer for a quick 2x flip, so I don't believe it's always a bad idea.If that market is greedy, it's never a good idea to risk more than you can afford to lose. But if you "know what you're doing" and quite sure about things, then getting loans and throwing them into encrypted currency isn't always the worst idea. It's how some have made the most money to be honest.

I also recently invested more than I could afford to lose (going from 95% in to 98.5% when price was around $10-11K). Best decision I ever made! This was also on the basis of selling the 3.5% when price broke $18K, as it's actually money I need Tongue

It might happen on Chinese new year where major whales sell the bitcoin just like 2 years ago, If it doesn't happen on CNY then there's a less chance of going it back to 10k.

FYI, Sell off occur before Chinese New Year last 2017, People just using any event close to it for reason of the sell-off but in reality, The reason why a massive dump occur was fear intensify that time since the current price the ATH and its a new territory for BTC, A simple fear will make the market in chaos because everyone is already in profit at that time.