1500 sats is enough for me, I'm out.
PS: Unless price drops then I'll buy back in
congrats! always good to set a target for yourself...
hope for you it doesnt spike to 10k+
I have a lot of trading experience. I invested a few BTC in XC when it was low and almost made $50k but at that time was inexperienced and ended up losing it all when the price fell.
You need to realize prices don't go up in a straight line they go up and down. And the price of NAV rising now is coinciding with the announcement of the anon launch. That means at least 70% of people who were waiting for anon will be buying right now.
Prices are also very volatile with the higher BTC volume because as volume rises the speed of trading increases at the same pace. We are going to see a 10x faster trading speed at 40 BTC than 4 BTC that means the price will easily drop to 1000 sats within the next couple of days due to the high volume. It may increase back to 1500 sats closer to launch but we are looking at a period of two weeks here.
It will increase over 2000 sats 2-3 days before launch then it will drop back to 1300-1500 sats as the buying frenzy stops then smart day traders will sell which will cause panic sellers to sell it down.
I'm certainly not worried about my call.
The best way to think of trading is a balloon and every buy order inflates the balloon but when buy orders drop a lot in volume the balloon starts to deflate then as more air comes out it increases in volacity due to panic sellers. Panic buyers also make the balloon blow up faster, an original 1200 price was already a peak but then panic buyers will take it to 1500-1800 sats.
