People seem to gloss over the fact that bitcoin has already made a 150%+ move since last august. In any other market, a crash would be expected - not a further run upward.

Again, this is just me analysing how simple it is for things to go "the other way."

Doesn't mean I haven't got one foot deeply in the market. This trade has been the talk of the town for THREE YEARS. So I have to assume that a pump doesn't even need to occur for the largest holders to make bank. The largest holders have already made money, they're just waiting for the opportunity to cash out.

Liquidity on the buy side will be rife with or without a pump since everyone has been trained over the last three years to believe that halving = price spike. Buyers will be (already are) lining up to pick up some coin (or get dumped on, however you'd like to say it)

If you're thinking logically, then you should always consider what may happen if things go opposite to how you're expecting - and why/how.

I'm just as deep in the trenches as any other BTC speculator, but it'd be insanity for me to leap out of the trenches all guns blazing without first mapping out a strategy to guard against defeat.

Bitcoin has already moved 150%+ since last august... this is a monster move. Holders of $500,000 worth of BTC are now millionaires.... Holders of $250,000 now have 500K worth of coin. Not to mention those with $10 mill, $20 mill etc they have to cash out at some point to convert their paper profits into real profits

common sense no?