Quote from: philipma1957 on Today at 08:06:10 PM

Quote from: OgNasty on Today at 07:28:46 PM

That dip under $40K didn't last long. You can see that there's demand waiting to buy the dips now and the floor keeps rising. I'm a bit surprised with all the Do Kwon buying along with Saylor out doing his promo thing we're still seeing Bitcoin's price decline in the short term. I thought Do Kwon was going to carry us above $50,000 and then that might set off a wave of FOMO that would push us back towards the highs. It seems people are being smarter about their purchases now, which has me thinking that maybe retail investors have run out of speculative funds to throw into crypto and we're now seeing large funds looking to scoop up deals as opposed to retail buyers FOMO'ing the price to overvalued levels. I'd feel pretty good about buying in with the big boys under $40K here, even though cyclically we should be seeing a downturn in price at this point in time.

Or cycles no longer apply due to smaller mining block rewards and less fees for miners due to LN network.

Or how about even a new paradigm shift, where Wall Street insiders and rich billionaires start buying bitcoin within the $30-35K range because they know the whales won't let them lose money?