"Bitcoin is a market like no other"
Peter Brandt, a well followed trader on crypto twitter says that he has never seen a market like bitcoin...
And now he is saying it is likely heading for $100k.
That is saying a lot considered he has traded just about everything there is to trade over the past 45 years.
His words:
"Bitcoin takes aim at $100,000 target,"
"[Bitcoin] is experiencing its fourth parabolic phase dating back to 2010. No other market in my 45 years of trading has gone parabolic on a log chart in this manner. Bitcoin is a market like no other."
I agree with him.
Though, I don't know of many markets that are created out of thin air like this with the potentially to be widely used as a store of value or form of payment.
As I type, bitcoin is trading for north of $11,200...
so far this graph looks like it is going to blow the last rally out of the water.
I think it will. I need a big dip, dangit!
me too!
I can't believe it is $13k and I sold most of mine on the bounce up to $5k... shakes my head. I have not been able to buy back in with any conviction. Though I did trade in and out with some smaller sizes that were profitable. Though nothing like I would have made just buying and holding.