Yes, yesterday we reached the ATH in many exchanges, and as expected, there was a significant dump... from whom? Well, can you imagine having experienced FOMO for the first time in November 2021 and having bought BITCOIN at that time?
After having lived through a long and tedious BEAR market, I would not be surprised if the majority of retailers that entered the euphoria of the market at that time had their sales orders in similar objectives, recovering their investment and even earning a little, apart, obviously from the usual manipulators (exchanges and "Market Makers") who play with the liquidation of LONGS or SHORTS when appropriate.
Well, I'm happy for all those who have managed to "recover" their money...If that's what they wanted...obviously, it's going to be a shame that many of these are not going to enjoy a Bull Market of historic dimensions. , in my opinion...
But hey, in times like these, and when people who are interested in BITCOIN ask me if it is a good time to invest, I always start by explaining the fundamental elements why BITCOIN can be a good investment now or at any time. The problem is that the time horizon of these "new players" is so close that they are not able to see the virtues and meaning of their investment...they will need at least another bull cycle to digest the message.
Bitcoin must be understood.
(Source)
Those who leave the market now will surely re-enter...late again, making their "sorrow" even more painful because, my dears, the "party" has only just begun.
Enjoy the ride.
Posted Using InLeo Alpha
I don't have much but I just plan on holding that BTC. I don't see that much of a rush to do things even if I don't buy any BTC for now.
You can show them this twitt to make them understand why this cycle can be even better than the previous ones :)
Massive
It turned out that there was an old Whale account who held BTC since 2010 and that whale dropped a few thousand coins onto the market yesterday when we reached 69k. Good news is that the Blackrock ETF alone saw inflows of nearly 800 (!) million dollars and bought the dip quickly.
Wouldn’t surprise me if we see 70k+ later this week, Eddie. Massive demand pressure from the ETFs!
Hope for the best. We can enjoy the bull cycle soon.
I'm already enjoying it 😂
Re Entering plan
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I strongly believe this is the starting point to reach more all time high
I am really optimistic seeing this chart and I am sure we are just starting
There are many changes in the market at the moment which was not in 2021. Earlier the states were not buying so much and this time they are buying so all these things have to be kept in mind and at that time the market will definitely come down but then the destination is on upside.