Topic: What price point will retailers buy up to (today) and do retailers even matter? (Read 168 times)

Now, in essence, everyone still plays their role, from each individual at least has understood price fluctuations and the possibilities that will be obtained after entering at the current price, whether it is a loss or a profit. don't try if you can't afford to lose.

I am not sure who are the "retailers" over here. But lets talk about general people (i guess this will also apply to the "retailers" you are talking about). What price point they buy up to? I assume they buy whatever they can afford to lose. If someone is truly interested in buying bitcoin as a form of long term investment, they will start investing. They won't wait since they understand that the price may go up further and never go down. Even if they go down, most of them have the patience to hold them for longer.
And yes, their investment do matter and does affect the price in the market.

Some also telling, who will gonna sell their Bitcoin at $20,000.
That's why for me, why Bitcoin did a quick run upto around $23,000+ after Bitcoin touched $20,000.
I was really wrong all over when I am waiting Bitcoin to $20,000 I am expecting a huge sell off from $19,500 - $20,000. Since I am thinking some may sold their Bitcoins to breakeven, this is for those people who was able to bought at peak last 2017. Or some may start to take profit.
But for me, even how Bitcoin is expensive this time, people will still buy Bitcoin.

I will tell you this, with a large demand for cryptocurrency, now there are a lot of people who want to buy bitcoin for cash and, accordingly, retailers can make money on it, but still there are not so many such people because many people buy cryptocurrency from their card directly

Honestly if you are getting out at $25k you're going to miss the vast majority of the action in the near future, and nearly all the price appreciation in the long term. That's up to you, but if you don't plan on getting back in later you're gonna miss $50k BTC, $100k BTC, $500k BTC, $1 million BTC. I don't think there is any doubt all of those prices will happen in the next decade or two ($50k and $100k are likely to happen in the next year or two). But again, up to you.

As to your questions, "Still I'm wondering who is going to want to buy bitcoin at 25k, 30k etc (in the near term say the next year or so)
who didn't load up already?" Well, millions of people will. Many companies and investment firms and traditional investors will. Why would people suddenly stop buying just because the price has gone over a 3 year old ATH that occurred when the market was far smaller and far less mainstream and far less accepted as it is today? Just like people continued to buy above $1000 in 2017, and continued to buy above $250 in 2013, and so on. So the answer is: lots of people, including the type of people that make investment decisions with hundred of millions or billions of dollars, as we have already been seeing recently. It is still early days for Bitcoin's price appreciation. Getting out now means you leave the game VERY VERY early. Anyone who has bought Bitcoin already got in the game VERY early. The vast majority of people who will one day own Bitcoin do not own it now and probably have never even thought about buying any yet.

Don't worry about xrp, this is just a pump and dump altcoin.


This is up to you it is your money and whatever we reply should not influence you. You shouldn't ever though take a loan to invest in Bitcoin, altcoins, stocks, penny stocks, and gambling. Some people were so clever they thought this was a good idea

The rest of your post looks like you had the right idea when you started putting in Bitcoin when perhaps it was $10k this summer and you had some plan in mind. Now that price is double than you expected, perhaps you can invest half of what you had in mind.

What was your plan though? If the price was to reach $20k perhaps to sell half and keep the profit? This is something good but now that it is at your target what do you do? We can't know the future price or if retail fomo happens. Some talk about similarities with 2016 but we made a new ATH a week ago and just did a moonshot to $24k and there wasn't too much exposure in the news as I expected, or as happened in Jan 2017. Maybe after the covid vaccines and the end of lockdowns, the news will cover Bitcoin more and retail will join.

Thats because we made +100% in 3 months. Price will stop sooner or later, indicators will chill out, we will see 3-6 months consolidation and you will see "buy bitcoin now or regret forever" all around the place after braking new ATH at 25-28k.

Same will happend at 50k range, 100k range etc. This bull run will take years not weeks. We were waiting for new ATH for 3 years. Give 3 years for the bubble to form to the final stage now.

In this regard, it seems that retailers are very unsure about standing in the middle of a large crowd of investors. It's not wrong if bitcoin has undergone several corrections, of course, that's an opportunity. Do not be complacent to see the current price increase, it is better to wait for a temporary correction. difficult if there is correction, very boring waiting.
However, the risks involved would not be greater than queuing behind many investors.

That's the risk as a retailer, especially as a small trader

As a retailer I was definitely planning on buying more on a monthly basis, now I'm not so sure.
The move is too sharp and I don't like what I see as a garbage coin XRP going up with it. Seems a lot
of capital sloshing around.

I haven't decided yet if I will purchase more next month at this levels, kind of 50/50, because I don't
see much more than 30% downside unless a big government or some huge player throws in a wrench.

A race for 25k and I'm out. But that's me, I've been in the game for a little bit now, perhaps new ATH
will excite people not already in? Will they look at charts and see what happened last time? Or maybe they
no longer matter.....

Maybe JP Morgan and Goldman et al are going to be the movers and shakers going forward. I which case
they likely would be able to manipulate prices down, but may not want to do so until 30k or higher. Although
it is a little frustrating planning to buy more and have it rocket, I think it is long term good for bitcoin unless
there is a rapid reversal way back down, which I don't see happening.

Still I'm wondering who is going to want to buy bitcoin at 25k, 30k etc (in the near term say the next year or so)
who didn't load up already? Maybe stack some cash and if I have to pay 30k a year or even 6 months from now at
least I'll have been shown some stability.

Anyway, back to the title do retailers matter and will they keep buying? I suspect who's keeping things rocketing is
either traders or institutions.