For discussion in the thread: will it ever hit $20k again?
Where’s the option for “I did”?
It will hit 20k again in no time
I regret convincing a friend to buy a bitcoin at 20K. :(
Bitcoin is a zero sum game for most people. If you sold at 20k, that means there is someone else who bought it at that price and regretting his loss now.
Does that make the stock market zero sum too? It seems like the point you’re making would analogously apply there as well.
It doesn't apply to the stock market. Bitcoin can be mined for the cost of computing and electricity, whereas you can't turn computing power into shares.
It could be wrong to sell at 20k if it’ll be worth 200k down the road. For being a dumb poll, a lot of people participated. I don’t think it’s a completely pointless poll. The people still holding have faith that there will be future price growth. So the poll is one way to measure what the market thinks it might be worth down the line.
Given the slight edge on the regretful side of the poll results, it could be suggesting that there the majority of market participants might thing 20k may never be a price bitcoin hits again. A lot of market movement is psychologically based. So it’s a dumb question superficially, but whatever people think the market will do en masse tends to be what the market actually does. This question gets at the behavioral side of investing, since investment decisions aren’t always rationally based.
Sell now and don’t regret it when it goes to 1k 🤷🏽♂️
Why don't you short it and make a shit ton of money?
I’m only 60% certain it will go there. Not inclined to take chances
I hope all crypto currency becomes 0. Specially bitcoin.
Don't hold your breath. Bitcoin will never be 0. Someone will always hold it.
I think most people on blind should invest and not check it fir a few years. A lot of y’all aren’t good investors and are too used to your faang investment making 5-10% a month. Crypto is an emerging market and if you don’t actively and smartly manage risk you will just wipe out... or come back in a few years when it’s more stable. But if you know what you are doing you can kill it. Examples - EOS 3x from March to may and ont 10x. Theta 3x since March... nuls 3-4x and bch 2x. Buy low sell high on cycles of rsi and stochastic but too many of y’all are too proud to admit lack of skill here. But there’s a killing being made by those who are savvy
Yeah i regret it a little. But i would have just bought back in at 15k and have more bitcoin now.
Probably will
If it ever does hit 20k it’s probably going to be slow, long term growth. Not anytime soon. I don’t see people getting as frenzied about it. A couple months ago, people were non stop discussing crypto. When the markets took a tailspin, the public discussion stopped.
You’re right, and I hope that’s how it happens. It comes and goes in waves, it happened before and it might happen again. Just don’t go all in, sit back and hodl. It’ll be an interesting ride :)