Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Bitboy: Do Not Miss Opportunity Waiting for BTC To Be $10k

Cryptocurrency Nov 23, 2022 09:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Bitboy: Do Not Miss Opportunity Waiting for BTC To Be $10k
 
BTC/USD
+1.10%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DOGE/USD
-1.55%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • Ben Armstrong argued it would be reckless to wait for BTC at $10k.
  • Analysts believe the popularity of the $10k notion is a negative indication of its reality.
  • Not taking profits at the top and not buying near the bottom are the two things people live to regret, says an analyst.

It is widely believed in the crypto community that Bitcoin (BTC) will drop to the $10k price level before experiencing a significant bull rally. However, crypto influencer Ben Armstrong, creator of BitBoy Crypto, thinks it would be pretty reckless to wait until the $10k price point.

Armstrong advised the crypto community that investing in coins at the current low prices may be a good decision, as being too obsessed with numbers could cause people to miss great investment opportunities. He believes “not taking profits at the top and not accumulating crypto near the bottom” are the two things people live to regret.

Previously, IncomeSharks, a market analyst, contended that if the majority of the crypto community agrees they would buy BTC at $10,000, that is, in fact, a strong indication that Bitcoin would never plunge to $10k. According to the analyst, more buying and less selling would naturally shoot up the price of BTC as per the laws of demand and supply.

The two commenters also brought up the point that, despite expectations, BTC never reached the $100k mark in December 2021, just as Dogecoin, the most well-known meme token never hit $1. IncomeSharks concluded:

Who was going to buy at DOGE $.99, knowing everyone was going to sell at $1?

Bitcoin currently trades at $16,600.56, with an over 6% increase in the last 24 hours. Last week, the coin touched a year-low of $15,500 following the bankruptcy of the former second-largest crypto exchange, FTX.

The post Bitboy: Do Not Miss Opportunity Waiting for BTC To Be $10k appeared first on Coin Edition.

See original on CoinEdition

Bitboy: Do Not Miss Opportunity Waiting for BTC To Be $10k
 

Related Articles

The metaverse is happening without Meta's permission
The metaverse is happening without Meta's permission By Cointelegraph - Nov 30, 2022 1

In changing the name of its parent company to Meta, Facebook (NASDAQ:META) put a stake in the ground: It would be the symbol of the evolution of the internet, the metaverse....

Axie Infinity is toxic for crypto gaming
Axie Infinity is toxic for crypto gaming By Cointelegraph - Nov 30, 2022 1

Blockchain gaming is only four years old — a toddler compared to the rest of the industry. It has a lot of growing up to do, particularly when it comes to play-to-earn...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
jason xx
jason xx Nov 23, 2022 10:01AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If it fell to 10K people would say they are waiting for 5K. It never ends
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email