"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?"
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)