Quote:
Originally Posted by SuperSwag
You're dreaming if you think you are going to be able to buy at 2500 again. I love these posts. "Bitcoin is going to 3k". Its not. That would require a complete abandonment of current hodlers. With ETF possibly on horizon and halving in 2020 there will not be a mad selloff.
Yoooo, I like your post, it gives me food for thought, ultimately why I asked the questions. I get to learn form others.
I will just ignore the ******s like Teflon and others that add nothing to the conversation and only want to argue. This does no-one any good, you must be very mad that I asked a few questions Tefl?
Anyways...
Why won't current holders sell, exactly? Explain current holders, are you saying that they accumulated at 6k levels or way before? Many hedge funds and bigger investors have already sold, you think they are still holding on to BTC from 20k?
I can see all kinds of situations why current holders would sell but why don't you give me some reasons why they won't?
I admit that halving in 2020 typically increases price, but according to Eddy past performances do not work (lol). That's why traditional markets can be read like a book based off of past cycles! TA that is, but obviously TA doesn't work for guys like Eddy!
I guess past bull and bear cycles are all just myths and markets really don't repeat themselves even though we continuously go through market cycles, but not according to Eddy though! Enough ranting.
Lets get back to your post, there's a ton of good news and your post does have merit, but I am not sure why you are so convinced we don't see 3k. Do we see anything lower than yearly lows (5750), I admit I'm not sure we see lower, just am more biased we see lower, it just seems too easy we don't, and if you have some experience in markets, you probably get what I mean.
I think the canvas has been painted, they have convinced everybody that 6k is unbreakable, if MM are smart, they would pull the rug and properly crash it. This is nothing new btw, they have always done it. The reason I think we head so low, is exactly to cause that fear, IF and it's a 60/40 flip if we head lower I think we won't stop at say 5k, no, no, no, I think we see 2500-3500, a real shocker, it goes that low that you, when 5k breaks, you question your investment, then 4.5k, then 4k and you're out, you need to still eat brother, you still need to pay those bills, not everybody can hold on, some can but retail probably won't. Crash it just enough to buy everybodies coins, crash it almost that people think its going to die, been happening since the dawn of markets, now will be no different.
You think we going to 60k, 120k, because these guys that control the market want you to be rich? If that was the case, then why the crash from 20k? Why so many fomo'd in and are severly underwater now? They want most people to sell so they can buy at the lowest prices, that's how these entities work. Once they have enough that's when we see market pump.
You think Wallstreet, BlackRock or other big players are going to be buying from you? You think they are going to pump your bags? Lets see how this plays out, I honestly don't care either way, I am happy to go on a bull run now or wait and it happens later, either way I'm happy as long as crypto does not die and we continue to see bull markets, I'm happy.
Also that ETF isn't coming anytime soon. With so much uncertainty, it might take years or more, who knows. Going of past ETF's it can take decades.