Accumulation is happening again. But note that at these price levels, this accumulation could go on for a very long time.
You guys may die of complete boredom in the interim.
You guys may die of complete boredom in the interim.
What timeframe are you talking about here? Months? Years?
Could be 8 months to a year. Note that I'm not saying the price won't move up during that timeframe, but just don't expect another 5x or 10x in 3-5 months. We'd be lucky to be back to $20k by year end. A gradual +5-8%/month is probably more like it.
The only thing that could rapidly change the game at this point, is something uber bullish like an ETF approval. I don't feel like that has been "priced in" yet.