So I think people are following 2017 when they should be following 2011-2013. If you look our trends match those more than 2017. I’m seeing a ton of sub 10k btc and FUD being spread and people exiting at the start of a bull run. If you take a look at Glassnode, those who hold 1000+ BTC are BUYING these dips up and aren’t selling. If you circle back to 2017 they were selling.
I do think sub 30k BTC is possible, but at this point writing sub 10k ideas I think is pure FUD, but it’s just my opinion based off the current trends. I’d also be careful with these shorts, you could make nice money off these quick corrections but you’re playing with fire, you usually don’t want to go against the overall market trend.
Also congrats to our newest institution in Bitcoin: Goldman Sachs. Just remember, every BTC you sell you’ll be buying back at 5X the cost, happens every time. Even those who bought at ATH’s in 2017 would have doubled their money within 3 years. Just my 2c.
I do think sub 30k BTC is possible, but at this point writing sub 10k ideas I think is pure FUD, but it’s just my opinion based off the current trends. I’d also be careful with these shorts, you could make nice money off these quick corrections but you’re playing with fire, you usually don’t want to go against the overall market trend.
Also congrats to our newest institution in Bitcoin: Goldman Sachs. Just remember, every BTC you sell you’ll be buying back at 5X the cost, happens every time. Even those who bought at ATH’s in 2017 would have doubled their money within 3 years. Just my 2c.