Quote:
Originally Posted by GGG
Are you a believer that it’s reached a permanent plateau on its quest to 100k and won’t see any 75% drops anymore or that it has juice to drive to 100k before it’s next big drop.
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If past cycles are any indication there will probably be a sharp drop near the end of the year or maybe early next year. I suspect it will go from 100-150k back down to 30-60k if that is the case.
a lot depends on these big whale companies buying though...a few more Elon type investments and its not going to drop that sharply. It is naive to think it will only go straight up though.
Personally I am holding long term anyway for at least 5-10 years unless something big changes. Little easier when you bought in at a low price though and I get that.