Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Poker Player (1)
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...
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.
I may not have as many coins as some people here for a very simple reason: "do not invest more than you can afford to loose".
No one is going to blame you for either budgeting or even pacing yourself in terms of the quantity of BTC that you buy. Sometimes you could buy weekly or even monthly, but you could have still ended up with a decent stash of BTC even if you bought only $5-$20 per week in bitcoin - especially if you had gotten started in 2011 or something like that.
It is much easier to get richer if you are rich already.
Of course, and everyone has to start somewhere, so if you are relatively poor and starting out from nothing, you start by building a nest egg, and if the nestegg only ends up starting out at $20 per month, then it would take you a whole year to get up to $240... but sure, you have to start somewhere and do what you can and sometimes attempt to be a little aggressive if the amounts are really small then it could be good to figure out ways to UP your game and to earn more money or save more money in order to have more money to invest.
However, I do have a small stash, mostly mined long ago, in 2011-2013. I never had enough money to obtain a comparable amount after the 2017 bullrun.
Of course, with the passage of time, you cannot acquire the same amount of bitcoin as previously unless your income is going up as much as bitcoin is going up.. which is not an easy thing to achieve. So, it would be assumed that you would be acquiring less BTC with the passage of time.
Buying was not an option.
I agree that some people have difficulties to buy in some locations in the world it is difficult to establish some kind of a BTC buying account.
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...
Not preparing for down may have serious consequences, grave ones in the most extreme cases. Stress is not a joke...
In bitcoin, not preparing for UP, remains a bigger consequence. You are quite distracted if you believe that you really need to make major preparations for down.. especially if you have not invested more than you can afford to lose.
If you overinvest, on the other hand, then yeah you are going to get more stressed from the downward BTC price movements.
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.
They went quite good. I did not sell a single satoshi until $30k
You are sounding quite worried at the moment.. so maybe you re just easily stressed, perhaps? I, personally, have some difficulties following your various doom and gloom posts.