• Death_Equity@lemmy.world
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      7 months ago

      People not selling since before the crash. There will be a fall of about 10% from people wanting to get out after being scared by the last crash, then it will rebound and climb as FOMO sets in with the confidence climb after the dip.

      • Today@lemmy.world
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        7 months ago

        I bought $276 on the cash app for fun. It’s now worth $1200. Should i cash it out or wait? I really have no idea. I feel bad that I’m part of a super weird system of fake money, but I’m also happy to see an extra $k.

        • honey_im_meat_grinding@lemmy.blahaj.zone
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          7 months ago

          Ask yourself this: has Bitcoin had - or is it trending towards - a net positive impact on our world? In other words, is it worth investing in long term? If it isn’t you should treat it as a short term investment and get out as soon as you’ve made a profit - and you’ve literally 4x’d your investment. The fact that we’re talking about the price in c/News is already a bad bubble sign and reminiscent of all the other times we’ve had crypto bubbles.