Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

An interesting graph of a strange correlation between the drop in btc dominance in 2017 and searches in google:
https://www.docdroid.net/dg7lL8W/bitcoin-stealth-phase.pdf#page=4

Quote

Data suggest Bitcoin will continue to lead the current cryptocurrency industry bull market. When
more public interest starts to pick up, it may be optional to diverse [divest] Bitcoin profits into other cryptocurrencies.

Very debatable (at least).
I am also curious on whether we would peak somewhere between now and 70ies OR go all the way to 90-95% in dominance.
The major alt is faltering both economically and ideologically.
In fact, VB recently proposed a strange hybrid of eth with "the fork".
My conclusion: eth chain is blowing up in size and there are still years to go before they might even approach a solution.
The size is already not manageable for a full node/regular user.

Conclusion: the time to divest into current alts is probably never, but i don't dismiss beyond the horizon newcomers yet.

On another side note that is more about BTC specifically, Biodom, when we were in the $10k-ish prices, weren't you waiting to buy more BTC in the $6.6k to $9k arena? So perhaps you put off buying some BTC on that particular price swing? How's that portion of your plan that speculates waiting for lower lows playing out?

Still waiting, but I am fine with not buying and just hodling.

I suppose that could work.

Whatever floats your boat.

Surely each of us has to find a kind of balance that makes us comfortable.

Sometimes when the price is swinging back and forth, then I get a little irritated in terms of wanting to move my buy/sell orders in order that they will get triggered.. but if the price is moving continuously in one direction, I have no need to worry because a decent amount of orders are getting triggered (in the current price actions, my buy orders are getting sufficiently triggered), so if the price is moving a lot in one direction, sometimes there can be some second guessing about whether it could be prudent to space out the orders more in order to take more advantage of such rapid movement.. .. yet I had gotten burned too many times in the past by trying to play around with my orders in that regard, so I just learned to live with the system that I already established.. and not to stress too much about the intensity of the movement.

Of course, if BTC prices were to get into the sub $5k arena, then I am surely going to have to consider whether I need to restructure some of my lower buy orders in order that I do not run out of money for buying... .. sub $5k does seem a bit unlikely but you never know.