Quote from: goldkingcoiner on December 09, 2024, 07:07:45 PM

Quote from: Moreno233 on August 05, 2024, 10:10:49 AM

This is a good topic for people who are tempted to sell. The first thing they see when coming here is this image and they think: "wow Bitcoin price has doubled since August this year"

And hopefully that takes their hodling fears away.

That's what I thought at first, but you will also have those who draw other conclusions and argue that the market is overheated. I think the best they can do is to either familiarize themselves with what bitcoin is or they look at the chart from bitcoin's inception, real all the headlines how "bitcoin is dead" and then draw their conclusions. Tongue

The resistance around the 100k USD level is stronger than I thought. When it broke 103k USD I expected some higher prices pretty quickly, but there are lots of people who still have those hodling fears and maybe think they rather sell at 100k USD to buy back cheaper later (which is not the smartest thing to do unless they get lucky) than to hodl in times of potential correction.

But given how many things have been playing out recently, I don't think that bitcoin will undergo strong price corrections.