BTC is done bleeding for now and things are starting to look good (except for the alts ofc).
Now since it broke the 6k wall and not a lot of people sold I assume most people are looking to dump their coins at 20k most likely.
Right now we need about a 300% BTC to get there. That's a 3x on your investment.
Compared to previous bullruns where it went 50x - 100x this doesn't seem like that much, so it got me thinking:
- Either things are starting to stabilize in the crypto scene and coins will get less volatile
- OR we're going to get another 10x - 20x and we will hit 100k this run.
Personally I really hope we get 100k because if that's the case the alts are going to make a lot of people really happy.
IMO, considering there's barely 0.25% of the world's population actively using cryptos and about 1% of them that barely heard about it the potential to go MOON is still there.
On the other hand institutional money is coming into the scene and I don't think that they'll resist to not dump at 30k and wait for the 100k mark.
Now I obviously have no idea what I'm doing and just like 98% of the people I'm hoping to get rich but to me it seems that this miiiiight actually kinda happen.
Unless alts go to shit and don't recover. That's going to make a lot of broke kids angry.
All that being said let's stay positive and we'll talk on the other side with mad gains lots of hookers and cocaine. Godspeed.