Quote from: ChrisPop on Today at 04:56:20 PM

Quote from: Battle1doom on Today at 03:04:29 PM

Downside risk is much greater now than it was earlier this year.

Is it? Would you call institutions "idiots"? Many of them are purchasing at this price. This is why we are sustaining these price levels.

Let's frame it in another way. When Bitcoin will be trading at $100k+ I'm sure you wouldn't call people who bought at $30k like that. The downside risk is still the same percent-wise. We're just dealing with bigger numbers. One can buy fractions of a Bitcoin and still be buying only $100 or $500 worth of Bitcoins. I hope you understand my perspective.

I think your perspective is that you would like to fleece the newbs as much as possible, and I get that. Not sure what the newbs get out of it, once again FOMO proves to be powerful.

It's clear to everybody that bitcoin is being actively pumped, question is for how long. One thing we do know for sure is that the higher the price, the higher the risk.