As a retailer I was definitely planning on buying more on a monthly basis, now I'm not so sure.
The move is too sharp and I don't like what I see as a garbage coin XRP going up with it. Seems a lot
of capital sloshing around.
I haven't decided yet if I will purchase more next month at this levels, kind of 50/50, because I don't
see much more than 30% downside unless a big government or some huge player throws in a wrench.
A race for 25k and I'm out. But that's me, I've been in the game for a little bit now, perhaps new ATH
will excite people not already in? Will they look at charts and see what happened last time? Or maybe they
no longer matter.....
Maybe JP Morgan and Goldman et al are going to be the movers and shakers going forward. I which case
they likely would be able to manipulate prices down, but may not want to do so until 30k or higher. Although
it is a little frustrating planning to buy more and have it rocket, I think it is long term good for bitcoin unless
there is a rapid reversal way back down, which I don't see happening.
Still I'm wondering who is going to want to buy bitcoin at 25k, 30k etc (in the near term say the next year or so)
who didn't load up already? Maybe stack some cash and if I have to pay 30k a year or even 6 months from now at
least I'll have been shown some stability.
Anyway, back to the title do retailers matter and will they keep buying? I suspect who's keeping things rocketing is
either traders or institutions.
Honestly if you are getting out at $25k you're going to miss the vast majority of the action in the near future, and nearly all the price appreciation in the long term. That's up to you, but if you don't plan on getting back in later you're gonna miss $50k BTC, $100k BTC, $500k BTC, $1 million BTC. I don't think there is any doubt all of those prices will happen in the next decade or two ($50k and $100k are likely to happen in the next year or two). But again, up to you.
As to your questions, "Still I'm wondering who is going to want to buy bitcoin at 25k, 30k etc (in the near term say the next year or so)
who didn't load up already?" Well, millions of people will. Many companies and investment firms and traditional investors will. Why would people suddenly stop buying just because the price has gone over a 3 year old ATH that occurred when the market was far smaller and far less mainstream and far less accepted as it is today? Just like people continued to buy above $1000 in 2017, and continued to buy above $250 in 2013, and so on. So the answer is: lots of people, including the type of people that make investment decisions with hundred of millions or billions of dollars, as we have already been seeing recently. It is still early days for Bitcoin's price appreciation. Getting out now means you leave the game VERY VERY early. Anyone who has bought Bitcoin already got in the game VERY early. The vast majority of people who will one day own Bitcoin do not own it now and probably have never even thought about buying any yet.
