Kinda glad we’ve taken a breather and the price has stopped pumping. It’s too early bros, the last thing we needed was an unsustainable pre-halving rally and a mini blow off top and dump. Slow and steady wins the race man, this shit is a marathon, not a sprint.
I do wonder who is selling now though, what kind of a moron do you have to be to sell the greatest financial asset known to man, two months before its supply is cut yet again? I guess you can’t help stupid people.
I’d like 50k to hold, if only for psychological reasons. Let’s meander around 50k and then start a slow rise into the halving. Spot ETFs will soon have bought all the OTC supply and that’s when the fun will really start. $250,000 in play for 2025.
HODL.
No idea who is selling or why, but then I also don't get why anyone would put any cent into any other cryptocurrency than BTC. It makes no sense other than only for a short term possible gain perspective. Some of the other currencies are even built as intentional unlimited supply jokes and people still go for them.
Just like that utter NFT BS. Unlimited supply of bearded colourful apes with a cigarette. WOWOWOW.
All these stupid coins are coming and going: Cardano, Tron, Ripple, Stellar Lumens, BNB, Solana with server issues, Bonk, Doggystyle coins etc. etc. Load of shite.
It says there are 2.2 million cryptos on Coin market cap. The last time I checked that number it said there were in the 4000s.
Just crazy carry on.
So because of that, sure, I guess some people are thinking they are doing well selling their BTC and probably spreading it into a thousand other cryptos or "projects" thinking they may rise just as much as BTC. But with those rises they are most likely going to miss the boat to buy back in?
Probably crypto scam artists trying to get other people's BTC is a huge reason for this nonsense and we are often flatlining for a while.
Whooptie Doo, another 10,000 coins added to CMC.
The truth is that BTC is original and although it may seem like I am saying nonsense, no other copy has been achieved and I doubt that it will achieve the stability that bitcoin has so far… and it is only enough to investigate other cryptocurrencies to realize that many of these have failed.
“But with these increases, it is most likely that they will miss the train to buy again?”
So yes, right at this moment I think you would be missing the train to buy again, as the saying goes... You can lose diamonds by collecting stones!