BTCUSD What BTC moves reminds me of the previous China's A share's Crazy Rally
I am not saying we should short BTC but look at the price! if you want to invest in BTC, you don't want to buy high. For me, I will just watch it and if it falls to the yellow zone I might be interested to buy some Remember: Buy Low, Sell High!
Have i not slept all night or is there something wrong with the scale here? China's top is 5183, at a 61% drop to 3196. Bitcoin reached ~11450, so a 60% drop would be 6870, not the 4000 zone like you have in your image.
hugo544264
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@Unireal, theres a fair value for china shares, but bitcoin doesnt
Superintendent
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rofl
Reloaded_C
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It will not happen because hedge funds, institutional investors and large enterprises start investing in crypto. And this is only the beginning.
Cheers.
Ando1504
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@Reloaded45, I believe that hedge funds will not put in their money at this prices when there is room to buy at lower price. just imho.
@Reloaded45, institutions, banks, etc are not buying this has been a pump front run by Bitfinex and their Tether USDT which will spell the demise of BTC. Not the industry, but the writing is on the wall.
Big money will not buy into anything that is not backed by a bailout, ie you and me and the public.
As for the small investor, go tell your friend to buy Bitcoin. They’ll say, I’ll invest $1000, how much do I get? You get like .08 if one. Really, you think money keeps going into BTC?