At what price point does normie money fomo/bail into bitcoin/crypto.
$20k. Well after $20k of course some time need to pass so the news spread. $20k is ATH from end of 2017. Old ATH is a magic point when people will say. Oh Bitcoin is not a bubble it is worth more then ever was. Right now all have $20k in their mind and when see price at $11k they think. Oh Bitcoiners lost half of their investment. But they fail to see that almost no one bought at more then $15k and by far most bought Bitcoin at less then $10k so they are already in nice profit.
I would have say the same sentiment on where i do believe the fomo will really trigger out when the price do hits up its previous ATH where people would really tell out
that it isnt a bubble since it do able to hit up again its peak price but for sure that there are still people who are waiting for this moment to sell on specially to those who bought
on peak but i believe that majority of them had already sell out their bags.Some people whose included into those bunch neither decide to buy on lower price to compensate on what
they had lost and since the price is clinging upwards then its understandable that they do still able to make money aside from waiting up for good opportunity or market condition.
