Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
my father is maybe one of the worst .... is as long in BTC as myself never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL 
price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....
for many in here do not be my father in the BTC story
i am happy i am the biggest BTC bagholder @our place
price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and..... for many in here do not be my father in the BTC story
i am happy i am the biggest BTC bagholder @our place You 're not alone... .
What I find freaking scary is that waiting for the now daily dump. And I have run out of fiat surplus that I had from the peak... . So my buying power is very limited. Dugh.
1) As far as family goes, I have several members that I have discussed bitcoin, since around $400 in late 2014, and really only one got in, in a kind of tepid way. Other family members dabbled and even did not do very well with their methods... that deviated considerably from the methods that I suggested. Even the one person who complied the best with my suggested method (with some deviation) did the best of the group by investing a mediocre amount. Largely cashed out the whole of the investment, plus a bit. Still has a considerable number of bitcoins (playing with house money... hahahahahaha). The house money bitcoins is the most valuable of any of the person's investments, including real estate and 401ks, blah blah blah... Funny how it works out.
2) regarding running out of fiat. I kind of understand that position, but I don't think that it is a good practice to run out of fiat... If there is any cash flow coming in, then that fiat can be saved.. just in case there is more dip... On the other hand, there could be some luck that this largely $6500 support will hold or at least support at $6k will hold.. I tentatively believe the odds are a bit less than 50/50 for holding... but as we all know, we have already had about 3 or perhaps 4 tests of this price arena... and support does seem to be pretty strong around this area... which kind of makes the breaking of support scenario to be a bit more scary, if it were to happen. Personally, I would rather NOT have to use any more of my fiat to continue to buy BTC on the way down.. so I would be perfectly happy with this price area holding. Currently, I have pretty solid buy orders down to about $4k, but I would likely have to scramble if prices were to go below $4k to think about and to consider how to set up my buy orders with the current fiat reserves that I have. Probably, I am not going to set up those buy orders until the price goes below $6k (that is if it does go below $6k.. so, certainly, I am in a kind of "compelled to watch" position right now.. and nervous for me an likely a lot of peeps - understandably especially for those who have already completely run out of fiat).