Quote from: Smack That Ace on May 27, 2025, 10:41:08 AM

Quote from: bakasabo on May 27, 2025, 08:27:57 AM

Quote from: Sticky Bomb on May 26, 2025, 04:29:27 PM

I would not call it greedy, rather I would call it optimism, this is the bull run and nobody would be wrong if they anticipate a much higher price. Most of us anticipated the $110k mark for long, we have it here and it even surpassed it to get the over $111k mark. These pumps were as a result of MicroStrategy acquiring 4k+ bitcoins recently and with more whales jumping in and purchasing bitcoin, we would definitely see higher prices.

We are all bitcoin enthusiasts, $120k would be a good milestone and I am also rooting for it, although I understand it could take some time to come by, but no one knows when it would come, it could even be sooner than your are speculating.

Crypto enthusiasts with with boundless appetites and not being able to feel happy about price achievements. As soon as Bitcoin updates ATH, people impatiently ask when will be next ATH or how many ATHs Bitcoin will reach during day. In 2017 people were different. When Bitcoin reached almost $20k, it was like a holiday. In 2021 and $67k it was WOW!!! In 2025, when ATH was updated second time it was wow, when next ATH? "$120k soon?" in an 10 minutes and "200k by end of year?" in an hour after ATH update.

I agree, expecting bitcoin to hit $120k now or sooner comes from greed, not optimism because everything takes time. We cannot expect BTC to rise vertically without a correction because no asset or financial market works that way. A healthy financial market is one that has ups and downs and intertwines, not just pump and pump. Only scams and Ponzi projects grow that way and then quickly disappear afterwards.

Moreover, human nature is greedy and most of us are greedy as we keep making higher predictions every time the price of bitcoin increases. But many people never admit that they are greedy but no matter how they justify it, greed is still a part of being human.
You are right, even if bitcoin hits $120k right now, people still won't stop and make higher predictions, and I call that greed.

In addition to greed, people forgot how to be happy when price goes up. It is so common for Bitcoin to update ATH or be expensive, that people start to stop paying attention on the path Bitcoin already made. They see new ATH and already want next. I also want to see new ATH, but I understand that it isnt easy for economy and bitcoin to only to go up. I think while looking how Bitcoin goes up, people are not ready for when it will go down. Just now it was going up for weeks, that turn will cause panic sales.