Which fun what games ?
Someone hitting the "keep selling at $x" button.
Not any different than usual, right?
The BTC price went up by $6-7k in a pretty quick fashion (a day or so) from $34k to $41k, and reckt quite a few shorts, and since the BTC price only went up to $40,928 (so far) - there is likely a perception of an opportunity to attempt to stop or reverse the UPpity BTC price momentum that might work, and it might not.
As others have mentioned also, even though quite a few shorts got reckt, that is also par for the course, and even though the BTC price may have shifted more towards the higher end of the consolidation range (however that consolidation range might be assessed - perhaps $29k to $42k or some variation), it's not exactly clear, yet that the bottom of $28,600 is "in", and for sure, if bearwhales, bitcoin naysayers, shitcoin pumpeners can create impressions that BTC prices are not going up from here (or going down) and that more correction of BTC prices is in the cards, then they are likely going to try to accomplish the creating of that impression.. and maybe get the weak hands to help them in creating some of the reversal or DOWNity momentum.. if that might be possible..
Maybe some of the recent strong statements from US governmental legislators (maybe other jurisdictions too?) and the toying around with cumbersome regulation proposals also can stoke some fears into bitcoin hesitant folks.. .. will it work? will it work? Perhaps some of retail and new coiners are spooked pretty damned easily..... just say "boooh", and they run off like cockroaches under the light (not trying to be denigrating of newbie normies)... yet whether the newbies spook this time around or not is the $million question, and I still am not proclaiming to know anything about short-term BTC price movement expectations beyond suggesting that I will likely start to feel more confident about our bottom of $28,600 being "in" in the event that we are able to get prices above $46k.. .
what are the odds? what are the odds? 50/50 or perhaps better.. should we be scared? probably not yet.. and let's just take it one ant hour at a time.
Which fun what games ?
Someone hitting the "keep selling at $x" button.
Lambos might be going off track but soon they will be back not on road but main highway and prices will shoot to new levels.So keep playing the game in your manner and only the buyers and holders will win this round also. Let's be unite this time.
Make chartbuddy to break $40k levels with your investment one time or DCA whatever but you also push that button hard.
Of course, not all of us are in the same place, and of course, if we have already accumulated a decent amount of BTC we may well not be buying, currently.. furthermore, some people likely bought at various points on the dip down from $64,895 down to $28,600, so sometimes for those folks there would not necessarily be incentives to continue to buy - especially as the BTC price is going up.... Don't get me wrong, there are some folks who don't mind buying on the way up, too.... not that I agree with that approach, but I know of some folks that do that.
I surely do not disagree with a strategy for buying regularly, and let's say, for example, that someone is just getting into bitcoin, and they decide to buy every week - and maybe they anticipate that with their level of cashflow and their timeline, they are playing the whole matter by ear while anticipating, at the same time, that they may well be DCA buying BTC for the next 20 years or so.. .. but at the same time, if they are monitoring the situation and setting goals for themselves, they might find that they get to a very strong BTC accumulation status in way less time than their 20 year projected investment timeline, and for sure, we cannot really know because sometimes people run into higher than expected cashflow situations so that they can invest more into bitcoin and other people will sometimes run into lower than expected cashflow situations, and sometimes members in this thread reveal their situations and their having had run into those kinds of unexpected situations, whether for the better or worse.
Another common historical point has been that a lot of bitcoin newbies consider that they might be too late.. and so some of them will try to rush or get disgruntled or try to accumulate more by selling first, which has frequently tended to be a less preferable approach of just constant buying, as you seem to be suggesting, aysg76.