Is it wrong for me to admit that I've actually enjoyed Bitcoin being below $30k...?
As it's given us mere mortals a change to dollar cost average into building our meagre sat stack while we can.
But it now feels like a move upwards is imminent.
And I can't help but feel like this might be the last time we'll ever see it at these price levels.
I know these words have been uttered so many times for BTC before. And I know there are few more dangerous words than
This time will be different
Plus I know it drops 80-90% off each bull run but even then, I think any fall will be above this level after the next bull run.
I also can't help but feel that there's some sort of BTC price suppression going on right now, no doubt to allow the institutions to build their stack before the various ETFs get approved and Bitcoin goes properly mainstream.
This is another reason why I can't see Bitcoin falling as far next time around. The price volatility will decrease as major institutions get involved - that's not to say there won't be some wild swings in the future. It just won't be the wild west of 2011 - 2021 in my view.
And now BTC looks like it's starting to wake up from its slumber. The grind along the $28-29k levels might be ending if it can break and hold above $30k. We'll have to wait and see.
I'll have mixed feelings. Sure, it's always great to see a buzz around Bitcoin and rising prices but I'll rue the missed opportunity to stack BTC before the price becomes uncatchable.
We might almost be there...
