Quote from: Dave1 on April 07, 2023, 04:47:53 AM

Quote from: Digital_Lord on April 03, 2023, 03:05:26 PM

We are in the midst of an echo bubble. We will continue to pump, but will not see ATH this year. My cost basis is at $47k because this is strong resistant point for btc and I’m sure that we won’t pump above that. Believe me, I’ve been bag holding for a while now and there is zero chance I get to sell for a profit this year…

Thanks, I haven't heard echo bubble though, lol, care to explain it further? And I do agree, we won't see any ATH for this year, it's too early to see the price getting over the $69k range. And most likely we might see the price just above $40k this 2023.

But it is good though, just last year in November, we've seen the lower lows. But now this year, it's every different, we have this sort of run that every one talks about as if we are in the bull run like 2021 but we are not. So it's better to just continue to accumulate bitcoin as much as we can.

I only heard bubble and it means someone can pop but echo bubble can be the opposite of it. We are only at the beginning of the second quarter and we still have plenty of time left to see what Bitcoin has in store of us. Many are impressed in the performance of Bitcoin in the first quarter so they are expecting that it will do the same on the current quarter and onwards. Don't forget that last bull run in 2021, the prices have only pumping in the last quarter of the year.

You may think there is no chance anymore because the year is ending already but it will only shock you that it's actually possible. A price of over $40k is already decent. I am okay with it even if the rest of the increase will happen next year.