Yeah this is not going to stop that soon.. simply put people don't want to sell their bitcoins, they don't sell them or even have them in the exchanges, they are just holding them in their wallets, not even the miners that usually dump their coins when they accumulate enough are doing it.
I belive any sell-offs are going to happen only from people trying cashout eventually. It will happen, its inevitable and its impossible to predict. The more up it goes the more tempting it looks to cashout.
Panic buying setting in these last months reveals that there are weak/immature hands holding bitcoins that will get hurt and panic sell when it happens.
If you were to get in, I would buy into weakness instead of streght. Wait for the newbies to sell-off. As soon as they see it going down 50$ they think "bubble-pop again" and its there where you want to get in.
I belive any sell-offs are going to happen only from people trying cashout eventually. It will happen, its inevitable and its impossible to predict. The more up it goes the more tempting it looks to cashout.
Panic buying setting in these last months reveals that there are weak/immature hands holding bitcoins that will get hurt and panic sell when it happens.
If you were to get in, I would buy into weakness instead of streght. Wait for the newbies to sell-off. As soon as they see it going down 50$ they think "bubble-pop again" and its there where you want to get in.
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