TraderHase
Short

BTC my friend - what's next?

BITSTAMP:BTCUSD   Bitcoin / Dollar
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.
Kommentar: 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?
Kommentar: 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.
Kommentar: Ok, this is old, but got trendy again
I laughed so hard reading this. real money they say lmao..... that real money of urs has no reality behind it since Nixon's time. the world is full of examples when that real money turns into a large pile of paper .. example demonetization in India last year.
Antworten
@tarunyad, I bought 1 Ether at 300. I sold it at 1300. I did cash out and writing to you with my new iPhoneX I have bought with this 'cash'.

As long you dont keep anything it's just a number in your Blockfolio.
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