Topic: Convincing case to buy more even at high price (Read 152 times)
I don't know I would be careful I expect a surge soon. Market has been consolidating for a while and already recycled billions. 40k is not far away
The trend up to now has shown that whenever bitcoin reaches a major threshold, the price corrects itself by going down by about $1.5K, and the next big threshold is $20K. Since we are almost there, I wouldn't buy right now. Wait for the price to fall back after the dump, buy and wait for the next surge.
i believe at times manipulation can still be big and effective and it is even possible to have even a bigger effect than before.
manipulation works best on those with little knowledge of the market and bitcoin in general. and these days market is filled with them. it is true that it has grown so big which makes the normal manipulation harder but i believe if something happens, all these newcomers will be considered weak hands.
manipulation works best on those with little knowledge of the market and bitcoin in general. and these days market is filled with them. it is true that it has grown so big which makes the normal manipulation harder but i believe if something happens, all these newcomers will be considered weak hands.
It seems like it's not a bubble and more like if you were discovering a new precious stone, the best ever, but people are skeptical and price rises as awareness grows.
I understand that people are scared and want to argue the opposite but so far I don't see convincing arguments but many naive comments
thank you for the comment about manipulation, that means sentence has to be improved. What I wanted to say is at the beginning whales could have huge impact on the price.
Now that the market is very broad, manipulation is sill possible but has much less impact and you have good chances to get rekt when you want to attack the price to buy lower.
I understand that people are scared and want to argue the opposite but so far I don't see convincing arguments but many naive comments
thank you for the comment about manipulation, that means sentence has to be improved. What I wanted to say is at the beginning whales could have huge impact on the price.
Now that the market is very broad, manipulation is sill possible but has much less impact and you have good chances to get rekt when you want to attack the price to buy lower.
Usually the mild skeptics are the last to jump onto a bubble, because they give in after reading articles like this and decide that the price can only keep going upwards.
It also contains a couple of remarkably naive statements such as:
It also contains a couple of remarkably naive statements such as:
bitcoin has been much manipulated but as it grows, manipulation opportunities are disappearing.
The author's argument here ignores the fact that market manipulation is conducted on gold and a lot of quite large markets. It also ignores the fact that a surprisingly high or surprisingly low price can always be the result of market manipulation.
Do you find this convincing ? https://twitter.com/NetCashFx/status/942038439356256256
Or do you have arguments against what is written ?
Or do you have arguments against what is written ?
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