Why is someone trying to prevent Bitcoin from reaching $280?
I guess it could signal more confidence, and things might go much further. People with a lot of money are trying to flush out weak holders and get as much as they can. I would try doing that if I had a bigger sum of money available.It's not specifically tied to $280. You do have to consider that the last time that we have reached $280 and a bit above was in March, which was almost 4 months ago.
There is 3k buy wall at $250 on Bitstamp. Hopefully it remains there as a good support level.
There are all kinds of traders, from "hold forever" a la Warren Buffet style to scalpers looking at the 5M chart.
Personally, I'm holding 100% for at least a decade.
Exactly. Once the right infrastructure is there, and the right price has been achieved I won't even cash out. I'm just going to rely solely on Bitcoin.Personally, I'm holding 100% for at least a decade.
Although if a new bubble appears in the coming years I might sell a few (<10) to upgrade some systems and go on a vacation.
