RE: BTC is up 16% over the weekend!

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BTC is up 16% over the weekend!

in bitcoin •  7 years ago 

Heard that hedge funds and investment banks are entering the szene... they have however a time lag but need to build up positions. For me a clear sign that it should go up. I have however bought often at the worst moments but am still happy to have kept them. No idea in my stomach I feel 10'000 but know its crazy.. so do not believe in me as I said I have often been wrong short term so be warned... on the other hand BTC is now very valuable to buy Altcoins they are laging behind... so lets see what happens I do not leave the train right now.

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10k probably next year ;-) Yes I heard that too. When the big money comes to town like hedge funds this changes everything. They cant buy or sell their whole position at once because there are not enough counter positions in the market. This extends the upmoves but also the downmoves.