Bitcoin Price Thread
- Thread starter Magna
- Start date
People are piling in this one sided trade...what I'm saying is that there are plenty of bulls compared to bears in the cryptocurrency market and that when the shift changes all those late into the game as usual will suffer heavy monetary losses....we know this already... However most will play the odds because of the so called zero risk factor of no risk all reward!!! Seems like no matter when you buy it goes up but that will change very soon.
Don't know how accurate that is but there are quite a bit of shorts blowing up.
WOW, that means someone is about to lose a bunch of money.
That seems like alot of money.
I do have an exit plan. I trade you know. I'm not going to see it ride up then down like a lot of people I know who went through the dotcom boom and bust. Investors tend to hold forever. I'm a trader. But I'm NOT daytrading BTC. At least not yet. But this allocation is for longer term hold. I think it will go way beyond 10K. People are still on the sidelines and the herd is coming..
I don't where it will stop. And I'll most likely miss the top. That's OK. But I will in no uncertain circumstances let it fall all the way back and given up all the open profits. Trader mentality.