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Buying Bitcoin at its all time high due to FOMO and hype is a bigger mistake. People were saying the same thing years ago… at $5000, $10000, $15000, etc. Will
by alwillis 6y ago
Buying Bitcoin at its all time high due to FOMO and hype is a bigger mistake.
People were saying the same thing years ago… at $5000, $10000, $15000, etc.
Will there be some dips? Of course; nothing goes straight up.
I'm expecting this run to end soon with a new bottom.
The low for 2020 was $3,925.27 back in March in the wake of the COVID pandemic and the financial crisis.
I seriously doubt it would crash to that level now that institutional money—insurance companies, hedge funds, corporate treasuries—are piling in.
I'm sure there will be some profit taking, but most hodlers believe this is just the beginning.