I'm having a tough time understanding some recent pronouncements by Bitcoin enthusiasts regarding price.
They say Bitcoin is expensive and want a price drop so they can "DCA" (Dollar-Cost Average) and add to their holdings. But seriously, who hopes for an asset they believe in to fall?
At this price point, especially considering the 2021 bull run, this thinking is risky. You, the evangelists, are Bitcoin's core. If you consider these levels expensive, then who's left to buy? A break below $60k could be devastating for sentiment, potentially hindering future climbs. Bitcoin has already tested these waters three times.
Instead of waiting for a hypothetical $20k price and a multi-year recovery, why not take advantage of this relatively attractive price today? Let's work together to break through this resistance and show the world that Bitcoin is still the incredible asset capable of impressive new highs!