Quote from: Tesorex on January 14, 2023, 08:21:09 PM

I'm waiting for a $25k price, the whole market would go crazy and the buy starts, who is insane enough to sell Bitcoin now?

Traders.

Bears.

People who don't give too many fucks about price.

Another thing relates to specifics, no? If someone has 1,000 BTC, he could sell something in the ballpark of 1 BTC and not give any shits.. similarly someone with 1 BTC could sell 100,000 satoshis and not give too many shits, so maybe it is a matter of degree.. too.. but hey maybe we have different ideas about what might be considered insane?

By the way, I am pretty sure that there are at least a couple of resistance points between current price and $25k, so you are correct that getting there might contribute towards a certain level of bullishness; however, historically, I have frequently gotten nervous when the BTC price goes up too quickly in terms of whether it will keep going up.. and we could all of a sudden end up having a 2 weeks to 2 month pause in the upward price movement.. and many times those pauses end up resulting in decent amounts of retracement.. including that the whole UPPity that had been witnessed could end up transitioning into DOWNity.. which surely I doubt that we could even have confidence about being out of our bear market, yet.

Quote from: AverageGlabella on January 15, 2023, 04:05:33 PM

I am feeling very bullish this morning. I think we can get back to $30,000 in the next couple of months. I think by the end of March we will have recovered to there and at the end of the year we might push higher then the previous ATH. What do you think?

I think that if we go towards anywhere between $30k and $50k in the coming few months, then we are likely to have a decent sized correction of at least 20%, but it could get into the 40% to 50% arena..

I think that there is a resistance at current price and also at $24k-ish, and then again at $30k... and probably some others on the way up.. but hey, I doubt that any of us should feel that we have to bank on the BTC price going up in order to profit.. - even though I know some folks want to get back over some of their buy cost thresholds, but if you keep buying when the BTC price is down, with the passage of time, your BTC price cost threshold comes down.. that is part of the benefits of DCA and also buying below your average cost per BTC... seems to improve your chances of profiting from your investment into bitcoin in the long term.