BTC overheating

[Anonymous No.25633316]

we're definitely entering correction territory

I don't think this run will have steam to get far past ~60k

[Anonymous No.25633334]

We're starting to see some indicators flash red, instead of just bobo drooling like an idiot every time someone sells

Good time to start thinking about dollar cost averaging out of your positions

[Anonymous No.25633368]

>>25633316
not really it just has crab for indicators to reset

[Anonymous No.25633378]

Normally you could wait for the price to reach the top of the logarithmic curve but i think everyone is pretty much in on the 2 year cyclical cycle of BTC so I'm expecting an earlier correctino than usual

[Anonymous No.25633391]

i'm trans btw

[Anonymous No.25633441]

It's to the point where I'm pretty convinced that this is just the wild west now.
Anything can happen. Either a big boom up or down.
FOMO waiting for a dip only for BTC to shoot up to 100k
FOMO buying BTC only for it to shoot down to 10k

The real question everyone should be asking, will BTC be a good 5 year hold?

What is /biz/ gonna do?

[Anonymous No.25633484]

>>25633441
it depends on the level of fomo

we've seen whales are willing to keep the price up by buying dips consistently

if we get a lot of normie interest then that will keep the price pumping, the number of newfag threads on /biz/ the last week is a good sign. Most importantly I don't think we'll have a lightning correction. We'll have a typical red week where we lose 20-30% then a bear trap then a long bear run. There will be plenty of time to sell off, especially if you bought in early

[Anonymous No.25633566]

>>25633316
literally the only indicator on that entire site that's red. and also the most arbitrary, wow he saw the movie PI when he was in highschool, so deep.
>>25633334
even this one is neutral.

[Anonymous No.25633699]

>>25633441
stick to my plan. 4 year cycle. peak in late 2021 or early 2022. hold through corrections along the way up as it's too risky to try to time them right.

[Anonymous No.25633816]

>>25633316
Pi cycle top indicator still has a way to go, but a correction looks likely, probably around the measured move from the triangle breakout. 27k.

[Anonymous No.25634209]

>>25633484
We need more institutions. They can fuel this thing theoretically forever.

Three buyers right now
>Fickle normie retards that don't know whether it's going to a dollar or a million. Really don't want them in this asset or need them.
>Smart money (Michael Saylors and Raoul Pal's).
>Institutions

Sellers are giga-whales who are hard to figure out. We are in uncharted territory, they're rich already, but don't want to be stupid either. Selling out at a fraction of what they could make by holding for another few years. Probably mostly iron hands/philosophically invested here if they've held for this long.

Hard to say. I could see 100k this year, but would be happy with 100k within 10 years - would still be an unbelievable ROI. I've decided unless there's some sort of black swan, I'm never selling. We are too early in this potential paradigm shift. I can simply pull out a percentage and watch it offset back up.

I think this has the potential to be a once in a lifetime long term hold, everyone who's traded this has been destroyed, and yet so many people have sold. I anticipate this to continue. I think the smartest thing to do is also by far the hardest - which is hodl.