Also looking at 20 or more, waving

I previously posted that FIL would rise significantly recently, and many people criticized me and questioned me. Anyway, those who believed me have made profits by now.

As long as Bitcoin doesn't drop significantly and continues to move sideways or rise, it shouldn't be a problem for FIL to break the price of 10 this month. By early next year, it should reach 20, and after hitting 20, I will reduce my holdings by half and continue to hold.

FIL will definitely break 100 in the future, but this wave of the bull market might not achieve that because if FIL's price really reaches 100, its market value would certainly be in the top ten, which requires a lot of capital to push up. I think the peak price for FIL in this bull market should be in the range of 40-80.

The 99% drop in FIL before was mainly because 75% of its mining machines were in China. When the Chinese government cracked down on mining machines, FIL was hit the hardest, which is why the price plummeted. Although the selling model of FIL mining machines is somewhat similar to a pyramid scheme, it is not a pyramid scheme, nor is it a scheme for Chinese people.

Heavy selling pressure and many people trapped are not absolutely related to whether the market rises significantly. This is not a core factor. As long as the favorable conditions are sufficient and the capital inflow is high, the market can rise significantly.

Veteran investors tend to sell when the price rises slightly, but after a real surge, they tend not to sell and may even increase their positions. This is human nature. Therefore, if FIL can continuously break through the selling pressure zone, the later it gets, the less resistance there will be, so there should still be quite a bit of room above.