While I bought a bit early before the Corona crash, now people are rushing into crypto.
There's waiting lists of 8weeks in a Swiss crypto broker, there's corporations piling in, there's bank licenses being given to crypto exchanges one could say we have pretty much arrived at mainstream just as the Crypto believers predicted in 2012 already. Good job guys. But that also caps the upside, I mean what now? Bitcoin still sucks 😂 and ether is still not decentralized or stable enough for a world currency or Fundament for a new banking system. So it seems to me this is again a bubble in anticipation of what's possible in the future. Also 99% of people I know buy cryptos just because they went up and hopefully go up more. Nobody bought with me in 2019 or 2020 because they understand what cryptos can do... 30% news is just oh this and that coin now new alltimehigh, bitcoin above 40k blablabla... So since this is clearly a bubble, where do we sell? I think the highest risk I'm willing to take is waiting for 130.000 on bitcoin and then I expect quickly a crash to 70.000usd and maby the ultimate low will be around 34.000? |
AuthorPascal |