Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bitebits
on 22/03/2024, 12:08:03 UTC


For sure, you (UnDerDoG81) seem to be inspired to sell based on emotions and possibly greed rather than logic.

Good luck with that.

Seems he has no clue about how the market works and simply relies on the price movement rather than logics behind it, no doubt most persons come to the bitcoin market only during bull run.


Glad, you share insights on this.

It is a correct notion to think that most people come to Bitcoin during bull runs and FOMO in and that in fact shows that price movement and emotion are intrinsically linked.

Thus you need to do the opposite of the emotive crowd.

In which case I'm not so sure UnDerDoG81 has it wrong necessarily.

We have seen many cases in which we are waiting on X, now the halving, only for that to turn out to be a big old nothing burger and we just slide down.

"Logic" tells us that with the massive ETF inflow and the halving we should see 100K.
But it also won't surprise me that we first dump and get to 100K next year instead.


It doesn't matter when exactly, the outcome is inevitable. And the mind adjusts quickly: soon people hope to be able to buy the sub $100k dip.