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RE: What Happens After A $10k Bitcoin?

in #threespeak6 years ago (edited)

Truth is nobody knows. While going straight to 50K USD is a possiblity, I would not buy Bitcoin here. Neither would I short it. Gotta buy when everyone is bleeding and sell when everyone is mindlessly buying. Not everyone is mindlessly buying yet. This is a planned pump by the whales to get the FOMO going. If it works, they'll keep pumping it. If it doesn't, they'll dump it back below $10,000 and will try a FOMO with Litecoin. My guess is igniting a FOMO with Litecoin this time is more likely to work since Litecoin is more affordable than Bitcoin and given its 4x supply, it has room to even be considered to be worth 25% of Bitcoin.