Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Once it reaches 50K, all the grandmas and taxi drivers fomo in, then one sells.
Then when it dumps back to 40K, one buys those coins back.
Not rocket science.
Then when it dumps back to 40K, one buys those coins back.
Not rocket science.
I will still be Hodling at 50k.
CC: JayJuanGee
Why do I get a mention?
I am thinking that $50k to $55k is a current kind of point of resistance, just as I had thought that $35k was our previous point of resistance....
.. with a cashing out rate of 5% of the BTC stash every time the BTC price went up 50%.
50k now is a now new target value for most of us because of current bull run. The way price jumped up and crossed 40k in a short span, now the bet is whether Bitcoin will touch 50k or not. May be as sirazimuth said many will buy when price touch 50k, while there are many who are waiting for this price to sell there coins. You are very right in saying that 50 to 55k will be new resistance but that resistance will be better then 30k resistance.
Don't get me wrong. I mentioned you just on a lighter note that even if price touched 50k, I wont be selling my bitcoin. This is something we are discussing for quite sometimes now.
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