ive sold 2/3 at 3800$ as well. a little regret because i see 4700$ by monday lol. Very interesting articles, opinions and analysis. So far from what I can grasp from the situation doing 5 months research before even entering the realm of bitcoin and waiting patiently for Aug. 1 to come to see how the market would react to the fork. Seeing that nothing changed i bought my first btc at around 2600 accumalted more at 2800 and more at 3200... having we now sit at 4300$ and one thing is certain that bitcoin has defied gravity from chart perspective and I truly believe price is reflective on people coming around to believing in the power of change that bitcoin has.
It would be extremely naive of us to think that the central bank and gov. are not plotting something to counter bitcoins surge. They almost certainly are not gonna sit back relax and watch the show as we the people take charge and say what indeed has value.
Can and will the government do something about it? 100% Will it work???? Probably not. Bitcoin is simply too big. Too big too soon? for sure. But for gov. to destroy crypto and introduce something better than bitcoin that has been internationally accepted and praised by those who believe in its future. I say good luck...
Having said that... Haejin I posted some alts If you could kindly check out for some feedback. lol ty ty
another point I would like to bring up is if a lot of pro traders coming from a traditional market setting are all doing the same cashing out waiting to buy the dip. With all this new money entering the market inflating the price. How probable and likely would a significant price drop be???
Yes. This is why I've sold 2/3 of my positions to raise cash to buy at better prices.
ive sold 2/3 at 3800$ as well. a little regret because i see 4700$ by monday lol. Very interesting articles, opinions and analysis. So far from what I can grasp from the situation doing 5 months research before even entering the realm of bitcoin and waiting patiently for Aug. 1 to come to see how the market would react to the fork. Seeing that nothing changed i bought my first btc at around 2600 accumalted more at 2800 and more at 3200... having we now sit at 4300$ and one thing is certain that bitcoin has defied gravity from chart perspective and I truly believe price is reflective on people coming around to believing in the power of change that bitcoin has.
It would be extremely naive of us to think that the central bank and gov. are not plotting something to counter bitcoins surge. They almost certainly are not gonna sit back relax and watch the show as we the people take charge and say what indeed has value.
Can and will the government do something about it? 100% Will it work???? Probably not. Bitcoin is simply too big. Too big too soon? for sure. But for gov. to destroy crypto and introduce something better than bitcoin that has been internationally accepted and praised by those who believe in its future. I say good luck...
Having said that... Haejin I posted some alts If you could kindly check out for some feedback. lol ty ty
another point I would like to bring up is if a lot of pro traders coming from a traditional market setting are all doing the same cashing out waiting to buy the dip. With all this new money entering the market inflating the price. How probable and likely would a significant price drop be???
I hope you laddered your sell? My first ladder still has some unfilled rungs and so does my second ladder for the second tranch of 1/3.
You'd be surprise how even pros herd like cattle. Listen, for Bitcoin, this picture says it all for me, even if it goes higher: