As a retailer I was definitely planning on buying more on a monthly basis, now I'm not so sure.
The move is too sharp and I don't like what I see as a garbage coin XRP going up with it. Seems a lot
of capital sloshing around.
I haven't decided yet if I will purchase more next month at this levels, kind of 50/50, because I don't
see much more than 30% downside unless a big government or some huge player throws in a wrench.
A race for 25k and I'm out. But that's me, I've been in the game for a little bit now, perhaps new ATH
will excite people not already in? Will they look at charts and see what happened last time? Or maybe they
no longer matter.....
Maybe JP Morgan and Goldman et al are going to be the movers and shakers going forward. I which case
they likely would be able to manipulate prices down, but may not want to do so until 30k or higher. Although
it is a little frustrating planning to buy more and have it rocket, I think it is long term good for bitcoin unless
there is a rapid reversal way back down, which I don't see happening.
Still I'm wondering who is going to want to buy bitcoin at 25k, 30k etc (in the near term say the next year or so)
who didn't load up already? Maybe stack some cash and if I have to pay 30k a year or even 6 months from now at
least I'll have been shown some stability.
Anyway, back to the title do retailers matter and will they keep buying? I suspect who's keeping things rocketing is
either traders or institutions.