AYH by the end of tomorrow please.
It would be nice if the price of BTC got all the way up to 20,000 USD by tomorrow. However, I am almost positive with such a rapid rise, we would have a very deep correction, since many people caught in the December 2017 parabolic rise would love to unload and be done with BTC.
I agree with the first part of your thesis, bones, including that going straight up to $20k might be a bit unsettling to the price and even difficult to sustain in any kind of meaningful way...
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Yep, said better than I could say.
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but I think that my reasons differ from yours... including that such an upwards price move to $20k would be too soon and too fast...
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Ditto, would like it to plug to say 20k over a period of saying at LEAST 6-9 months, so folk could get used to the idea. Also, kinda want to see the effect on markets of
HODL'ers that run big Litecoin Operations, without a 'carry along' with the price on LTC after the halving in less than a month, that could act as a 'brake' IMHO, on Bitcoin
HODL and Bitcoin Price as they have to 'redress' such if it stays flat or goes south in price. I would guess a majority of these miners are converting to Bitcoin as well.
Or, hell, it was what I used to do and what I remember from the last LTC halving, all sorts of scrambling..(currently not mining any scrypt-pow of any flavor)
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I kind of agree with serveria, though, that a lot of the weak hands have likely been shaken and they are not going to have too much of an impact.. In other words, FOMO is going to outweigh whatever easily dumping.. while at the same time there is going to continue to be a decent amount of institutional money that is secretly (or perhaps not so secretly) trying to get in on this bullrun and even engaging in some front running attempts on the price - including already starting to realize about a kind of inevitable upwards price dynamic that is caused by halvening.
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Unsure that I agree with above completely, but would prefer your above 'scenario' even if modest...big FOMO, IMHO, would be if the traditional markets start to get weak, if they
themselves just carry on sideways in price, at their ATH, I just can't see enough FOMO for your plan. Ideally, I'm dead wrong, just saying that would get to the FOMO level you
explain above, again, IMHO.
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Who knows? Who knows? But surely is nice to be a HODLer, in these kinds of transformative times.
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later
Brad