Quote from: JayJuanGee on Today at 03:20:14 AM

Quote from: cAPSLOCK on Today at 02:57:45 AM

Quote from: JayJuanGee on Today at 02:20:36 AM

[edited out]

Your deadzone idea is interesting... We will just have to see how it plays out. I am good either way.

Surely, looking forward to it.

We each realize that some of the BTC price resistance points change, depending on BTC price movements and sometimes how fast the BTC price might move in one direction or another or even how severe or prolonged a correction might be.

Currently, we do seem to be stuck in a fairly narrow BTC price zone around $11k, but we have only been here for 3.5 days.

So sure it would be quite amazing (but not out of the question) if we were to get into the deadzone within the next 1 week to 3 months... and in that kind of quicker getting there scenario, I would expect resistance at $13,880 and at $17,250.. and also more likelihood to fail getting through the deadzone, if we get there so quickly - especially given that we were having troubles getting above and staying above $10k for about the past 10 months or so.

On the other hand, if it takes more than 3 months or even up to 18 months in your slowly getting up there scenario to break above $17,250, then that might change the dynamics and probably in that longer drawn out scenario, I would think that my deadzone theory would be stronger in a slowly getting there scenario, but either way, I am maintaining a tentative deadzone theory but that deadzone theory would be weaker, if we were to go shooting up within the zone in less than 3 months without getting some kind of somewhat meaningful correction first.

trying to be prepared and having plan, whether it is incremental or trying to hit the top to exit with big parts of stash is all nice and smart. but there are problems. Marcus of Augustus posting of the Matrix/Neo meme holds much more truth than it appears when only seeing it as a joke. one day there will be a run-up in bitcoin where all the exit-plan guys will get burned badly. because all they get is collapsing fiat. it will be a lot of fiat, and they will feel rich for some days, but in reality they have just given away their wealth. maybe some of the present day dollar billionaires are waiting too for that moment. they don't take the risk of investing in bitcoin early, but they wait until the $ collapse is around the corner (better say accelerating since it is already going on) and then swiftly jump from fiat to btc. leaving the bitcoin hodlers with their brillant exit plan with tons of worthless printed paper confetti.

imagine you win $30 million in a lottery tomorrow. what would you do with it? after the hookers and blow I am sure you want to invest. land? sure. but be aware that in case your country goes bonkers and you have to leave, you can't take that with you. and maybe you can't even sell it in case of emergency fast enough for a good price. real estate? prices are on record highs, you buy into a bubble. stocks? same shit. gold? also very hard to carry across borders. and on record highs. investing in bitcoin seems reasonable. for all the crisis scenarios for sure. if you would invest crazy fiat figures into bitcoin because of safety, why would you plan the exact opposite only because the asset that you identified as safe playing is doing what you always expected it to do: becoming more valuable in fiat. in the moment the nemesis of fiat does its thing, the biggest proponents of bitcoin want to jump into the the arms of rotting fiat. I don't get that.