It seems that happens a lot, people front-run it, then it sells off briefly and then resumes its trek upwards. It happened at one (or more?) of the halving where it went up in fiat terms beforehand and then when it didn't immediately pop higher, people said, "why not?" and sold. Then within a few weeks/months it kept going up. The best advice: buy (or mine) some bitcoin and put it away and come back in a few years. But people want get-rich-quick schemes.
Very true, and one can validate this on-chart.
<50k DCA, >50k enjoy the ride is my opinion.
I do have two qualms about this thread though:
- Since when does mainstream crypto news talk about future corrections with a motive to cause people to sell, or miss the gain?
- if the 15+ ETF applications are approved, wouldn't that create a race to accumulate Bitcoin between institutions?
I would think that if they are approved, yes it would. In the short term afterwards, there could be a drop as the "sell the news" hits, but as people begin to invest using ETFs it should only increase demand. Assuming of course they really do purchase and hold bitcoins. These are big players though so one would think they'd be honest. Of course, if you don't have the keys you are just a creditor so....
