Brief statement: Yeap, this is a hard one to call. In the long run BTC will hit 5k, probably quicker than expected, and with Singapore and Russia getting into the market---well, ....you decide.
If you want to buy in right now, sorry,....this is a tough call. Not sure if it's going to go up from here or do something like June 11-19th --where it tried to go up and then sunk down 800-900 bucks.
Here's what I'm doing. I'm going to buy a little bit and see what happens. I sold around this price, so basically I'll be buying right back. ....But slowly.
I'm not worried. I'm trying to make the best call. Here are some random thoughts:
- If I buy a little now and it goes down like it did June 19th. Oh well, at least I didn't get totally burned (be happy)
- If I buy some now and it goes up,....well, at least I bought back in (forgive yourself for not making more $/move on)
- Maybe there are thousands of others questioning when to buy back in/questioning their initial buy in
- Maybe what we saw was the pullback? Maybe lots of people took their opportunity already. I'm seeing the total market cap rise and rise again. Seems BTC came relatively close to 3500 the other night (3655). Of course I was sleeping (funny how that happens)
Keep reminding yourself that the crypto market is a completely different 'animal' or 'ballgame'. One thing that has helped me is that I refuse to CHASE. If it goes up really really fast,....it's gonna come down some and possibly a lot. Why?...cause people like me have our hands on the sell button. Good Luck!!!