- Thread starter
- #1,471
@Kasimir @Timmy C agreed. I believe what compromises $10k to $13-15k is mostly:
1. Early adopters who never left the crypto world, always looking for early bull market signs. (likely not to sell until it's $100k literally lol)
2. Institution money. (these people are actually more prone to sell than the "retail" early adopter traders because they believe alot more in profit taking when over-extended, but will usually always jump back in hence becoming a fairly reliable source to stair stepper floor. Of course, they also keep portions of their allocations in long holds that they don't plan on touching... for a longgg time.)
With that said... $13-15k sounds about right to shake out the "eyeball retail traders/all time high chasers" that compromises from there to where we are now.
If we indeed stick a solid higher low... man, oh man.... IT IS ON for 2021! AND I (we) AM MUCH MUCH BETTER PREPARED THIS TIME AROUND.
1. Early adopters who never left the crypto world, always looking for early bull market signs. (likely not to sell until it's $100k literally lol)
2. Institution money. (these people are actually more prone to sell than the "retail" early adopter traders because they believe alot more in profit taking when over-extended, but will usually always jump back in hence becoming a fairly reliable source to stair stepper floor. Of course, they also keep portions of their allocations in long holds that they don't plan on touching... for a longgg time.)
With that said... $13-15k sounds about right to shake out the "eyeball retail traders/all time high chasers" that compromises from there to where we are now.
If we indeed stick a solid higher low... man, oh man.... IT IS ON for 2021! AND I (we) AM MUCH MUCH BETTER PREPARED THIS TIME AROUND.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.