Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/05/2018, 21:33:15 UTC
Rick just came home from work and asked "What the fuck is going on with Bitcoin, man ?"

I just shrugged and replied with "No idea, dude."

What do I tell him about this dump ?

I have no idea what's going on.

Seems like your partner is too emotionally invested in your BTC investment.

I recall that you, Bob, have taken a couple pretty decently sized cash outs in the supra $11k price arena, which I would imagine that you have largely already gotten back more than your total investment from those cash outs, even though you likely sold less than a 1/4 of your stash.. or at least that was my impression... but anyhow BTC prices had gone up way over 4x, at those price points, that it is quite likely that you have gotten out more than your original investment.

I recall also, that you deferred one of your cash outs, and tentatively, you were considering waiting until prices returned above $12k, so is that the part that has your partner worried?

I think that with any investment, one of the problems is if you are somewhat dependent upon the cashflow of the investment to pay your expenses, then in that regard, anyone could be considered to be "overinvested" if he could be forced to cash out of some or all of the investment at a time that is NOT of his choosing.

Ultimately, it seems that current BTC price performance is part of regular price correction dynamics, and a looming question does remain whether current BTC prices is going to end up being in an early 2013 like scenario or a early 2014 like scenario... I personally am still inclined to believe that the early 2013 like scenario seems to be the most likely of the two, but of course, the jury is still out and there have been a lot of more bearish folks that have been proclaiming the early 2014 scenario.. and part of my problem with such proclamation, from some of those folks, is that they have been proclaiming it since about early January.. and that is way to fucking early to be making such proclamations, even though they could end up being correct - in what I personally continue to consider their "minority" view...   I use the word "minority" to suggest that the early 2014 scenario seems to be the least likely, rather than the one held by the least of people... because it is quite possible, and even likely, that more peeps outside of this thread (we in the WO, are not the whole world, by the way... hahahahahha... even if we may be a lot more "in touch" with BTC fundamentals than the vast majority of the world expressing opinions on the BTC topic)  actually believe in the early 2014 scenario rather than the early 2013 scenario.