4 ms·
Is there something about 100K that makes it a reasonable price target? It's a nice round number but so is 10K, or 0K for that matter. I own some BTC, but more
by hcknwscommenter 4y ago
Is there something about 100K that makes it a reasonable price target?
It's a nice round number but so is 10K, or 0K for that matter.
I own some BTC, but more to hedge against the possibility that I am wrong about it than any other reason.
- cyanydeez 4y agoI assume the bots, who ultimately control movements, are programmed to follow arbitrary round numbers assuming stupid humans trade more.
- clover15flower 4y agoDon't forget that the market is cyclical. $100,000 is far from the limit. I see the current price as a great entry point into a long BTC position or an opportunity to buy some BTC into a long-term crypto portfolio. As a matter of fact, I already did those two actions on wowswap exchange, opening a long position from a price of $31,450