BTC my friend - what's next?

Do I buy Bitcoin at this level? Well, compared to 20'000 it seems cheap right now - compared to 1000 it's still very expensive. It is still too expensive for the retail investor, given the fact this is all speculation and a bubble.

Are those hedge fund managers buy Bitcoin at this price? Well, you are not looking very smart, since a lot of people bought it when it was cheap last year.

Don't we all wait for bigger fools than ourselves, to dump them with this Bitcoin when it will hit the next ATH? I still prefer real money, what about you?

Bitcoin will go to 100K they say. But in order to do so we need:
- a lot of new fools (10 times as much as last year - ok, the planet if full of fools)
- a lot of fresh money (I mean, a LOT of fresh money)

It will be hard to buy this old friend as long those two things are not clearly incoming.

Commentaire:

My friend could not hold 12000. All the compulsive over trader will throw the Bitcoins at each other, causing the price to go lower. At least they generate some volume. And the exchanges earn some trading fees. Hey Kucoin, where is my share? Are you listening?

Commentaire:

The trend broke to the upside! The idea is invalid!

Thanks to fresh printed USDT the coin was pumped once again. Let's see if it can generate enough FOMO to get things going.

Commentaire:

Ok, this is old, but got trendy again