Is anyone else thinking there will be a dump after 100K? Like maybe around 104K we will dump to the lower 90s, maybe even more. Just trying to think like a big market manipulator. We shoot past 100k, more idiots buy, then DUMP! DUMP! DUUUUUUUMMMMMMMPPPPPPPPPP!!!!!!! Just like I think when Trump takes office Jan 1st, there will be a dump since we rallied last time he took office. And I also think the price of him getting into office has already been factored in with all the early investors. Of course just my prediction, I am not a fortune teller, and WTFDIK? Trying to keep it real
I think there will be profit taking at the round numbers as weve seen all the way up. If youre a seller at those levels,I think the key is to sell some 'froth' and keep your investment intact. Behind every 'i sold everything for my house deposit' is someone that keeps watching that price edge up with no skin in the game any longer. I go back to the drawing board and redo my research sometimes to see if my conviction is still there. I usually emerge even more confident than before. The key for me,will be a level where the 'froth' is worthwhile whilst the core investment stays substantial. I dont think I would do well playing the cycles and diving in and out.Too easy to make a mistake and be the guy praying for price to come back down for re entry.(Yes orbit,Im looking at you!)
Ok then. I guess people will be celebrating their milestone birthday at 53 rather than 50 as well going forward? Its getting pretty spammy right now. You dont have to be a contrarian on every single point.Its getting bratty.
That's the problem when markets go vertical, it creates this mentality that it can only move in one direction and that when the slightest of pull backs occurs, like today, people feel the hurt, and the funny thing is, is that this wasn't even a pull back, it was literally nothing and it felt like the end of it all, so just imagine this, a 10% drop would literally take you back to 4 days ago when bitcoin was trading around 81k ....to most trading bitcoin, this would feel like earth freezing over, a great depression meanwhile it's just a 10% drop. That's how far assets from bitcoin to stocks to everything else have traded that the slightest pull back would create devastating psychological effects!!!