Belief in bitcoin(cryptos)
Okay, I like bloody screen which means I can go into bitcoin and accumulate more again. Targeting 10, 20 or even 30.
When I saw bitcoin reach $13k yesterday, I was really FOMO.
And I tried not to put myself in a situation like that so I checked how greedy the market is. I found this map below:
70% people are looking good, and even more on BitMEX, the margin trading platform which can have 100x leverage, have 76% people holding a good position.
I feel very unsafe and the market or Bitcoin was going up, still.
FOMO
The story is working just we all knew, 144mil of positions are being liquidated. Starting from 12.1k to 11.2k, around $1,000 drop or 10% drop for every level.
A simple math, if BTC drop 12 more times of $1,000, it will back to the year of 2008.
Would that happen?
What's your belief in bitcoin?
I would rather believe the value of bitcoin will ultimately go to 1mil/$1,000,000 than it turns to 0.
With confidence of the value 1mil/400k/100k/40k, I just accumulated more.
A $1000 movement is relatively small comparing 1m/400k/100k/40k, it just seems huge for now.
Be patience or FOMO, make a choice.
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