Why are you hoping people sell something at this level? Why does it matter? If you're interested in protecting the masses from a ponzi-scheme, you're basically just saying "Those holding Bitcoins currently should get out, but other people should get in". For every seller there is a buyer.
Unless you have technical advice you'd be interested in sharing about where the price might head?
"Why are you hoping people sell something at this level?"
It's generic advice that applies to everything that's possibly in a bubble (like penny stock pumping). By sacrificing some of the potential upside, you allow yourself the ability to weather any potential drop (even if became worthless in the near future).
' "Those holding Bitcoins currently should get out, but other people should get in".'
I neither think that those holding BTC should entirely get out (hence "something" and not "everything") nor do I think others should get in. I'm not a timer and, especially given the fact that its $141 right now, I think it's a fool's game to pick the top and the bottom (so it makes sense to sell a little as the price runs)
Comments
Why are you hoping people sell something at this level? Why does it matter? If you're interested in protecting the masses from a ponzi-scheme, you're basically just saying "Those holding Bitcoins currently should get out, but other people should get in". For every seller there is a buyer.
Unless you have technical advice you'd be interested in sharing about where the price might head?
"Why are you hoping people sell something at this level?"
It's generic advice that applies to everything that's possibly in a bubble (like penny stock pumping). By sacrificing some of the potential upside, you allow yourself the ability to weather any potential drop (even if became worthless in the near future).
' "Those holding Bitcoins currently should get out, but other people should get in".'
I neither think that those holding BTC should entirely get out (hence "something" and not "everything") nor do I think others should get in. I'm not a timer and, especially given the fact that its $141 right now, I think it's a fool's game to pick the top and the bottom (so it makes sense to sell a little as the price runs)