$BTC
let’s say Bitcoin hit $100k.
Remember, everyone already knows the price of Bitcoin can drop 75–90% in a year. It’s happened multiple times. People say ‘oh it ALWAYS goes higher’, but…
Well, recall that MK told everyone ‘all Bitcoin bull runs are 17x’, so we’ve already established that we can’t trust that.
So, let’s say you bought in at $800. (Because, for some reason, literally everyone who has ever bought Bitcoin sold at the bottom and NOBODY bought at $20k. They only sold at $20k. I don’t know how this works, but boy, every Bitcoiner I’ve ever met insists this is the case.)
You didn’t sell at $20,000, and maybe you’re feeling upset about that. After all, you could have sold at $20k and rebought at $7k, or even $3k. You kind of want to pay off your house, or any of the other myriad things.
And you realize something. $100,000 has six digits. SIX. This is two things: One, an impetus to sell, and two, ‘everyone knows Bitcoin can drop’.
The sellers have reason to get out RIGHT NOW to rebuy the dip.
The buyers have reason to be patient and watch for the dip.
Even in the hellworld where Bitcoin somehow manages to get as high as $100k, it will be immediately followed by a tremendous crash.
$BTC
