Interesting... End of January is a special time for me (not going to be more specific for security reasons) and Bitcoin has a habit of making a "present" for me: it crashes. It did so in 2018 and 2019 and it is doing it now. The situation looks very similar to 2018. So, despite all that talk about bullish news, moon, BTFD, etc. - how low will it go? What do you think? $25k? $20k? Below 20?
I plan to cash out about 10-15% of my stash for some serious purchases (the rest if for holding and it can wait until 2024-2025) and I have already sold some above $30k. Now I am sitting on the fence. $25k to $30k is still fine, $20k-$25k - not so fine, and I would not like selling below $20k at all. Returning to four figures seems to be unlikely, 200 WMA is approaching $8.5k and production cost seems to be above $10k...
You seem to be a kind of guy who hardly has any coins, and probably the reason that you hardly have any coins is because you have a tendency to prepare for down, rather than up. Hopefully not very many folks (if any) are willing to follow you and your nonsense.
Therefore, failure and refusal to adequately prepare for UP, seems to have put you into ongoing lame ass analysis in which you believe that you have some kind of extended period of time to prepare for UP... and UP is not going to really happen in any kind of meaningful way for many years, such as until 2021/2025...
You were spouting out similar kinds of nonsense when we were in the $6ks, and how did those preparations go? Turns out that $6ks were pretty decent prices to be buying BTC in the past few years.. and UP ended up coming quite explosively in the past 4-5 months.
In one thing he is right. In January 2018 this thread talked all about:
- no worries, they only sell to pay taxes
- no woories, Chinese new year, they need money
- no worries, buy the fucking dip
...
...
And so on, and so on and so on. Go back and look for yourself.
I know, the futures were introduced, so we have no compareable situation.
But also from no worries, you went to attack somebody, who addresses his concern. Nice move.
Maybe we should wait and in a half or one year one of you can say: "I told you so". Hopefully it's you, than we all are rich as fuck. Or he is right, than we are poor again.
But please, go back here in this thread and look what bullshit was written Jan 2018, while the market gone down. Same today... We all hope it's different or we are in a beginning phase of a bull run. For me, I am prepared, because I have now more BTC than in 2017,because I HODL.
But again. The same phrases here now, like in the beginning of 2018.