No Friday Feeling For Bitcoin As It Falls Back to Four Figures

[Reid]

Below 10k like 9500?
No, not yet. Not my figure to buy more and I do think there are a lot out there who have the same feeling.
Too expensive for me since I have bought some at 6k.
Maybe rich people could do it and risk that much. I am not yet in the FOMO side even if it suddenly broke its all time high.

Is 12k though a good exit point?

[Wilhelm]

Below 10k like 9500?
No, not yet. Not my figure to buy more and I do think there are a lot out there who have the same feeling.
Too expensive for me since I have bought some at 6k.
Maybe rich people could do it and risk that much. I am not yet in the FOMO side even if it suddenly broke its all time high.

Is 12k though a good exit point?

50k-100k is a better exit point  

When your grandma and neighbors are buying bitcoin you should exit.
When bitcoin is going up 1000-2000 a day then get ready to exit the train.

[sana54210]

50k-100k is a better exit point  

When your grandma and neighbors are buying bitcoin you should exit.
When bitcoin is going up 1000-2000 a day then get ready to exit the train.

We have short term and long term traders, for a short term trader, the $1k is really a good exit point,  the only disadvantage of that is that they may find it difficult to enter the market easily if the price does not drop below that $12k again, while for a long term investor, that $100k would really be a very good exit point for the because that is where I believe bitcoin is going to in future.

You are right, we will still have some people that would be buying the little they can buy then which will keep the market active, and that would be good point to exit temporarily and wait for the major dumping for us to rebuy at another low price. I am optimistic that within the next 10 years, the price of bitcoin may really peak at that, so that shows how long we have to be patient for.

[milewilda]

A very short lived foray into four figures for bitcoin yesterday was over before it really began. The recovery showed all signs that there are just too many buyers lurking below $10k. However, a different picture is unfolding this Friday morning as Asia again dictates the direction of flow for BTC markets.

https://bitcoinist.com/no-friday-feeling-for-bitcoin-as-it-falls-back-to-four-figures/

Four figures didnt happen on weekends but now we are still on midweek where the price plummeted again on below 10k.
Just like riding on a roller coaster where price is really volatile even moving on hundreds of dollars on a short span of time.
Lucky i had bought in when it hi 9800 as of this day.