Post
Topic
Board Speculation
Merits 5 from 4 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
strawbs
on 14/04/2021, 12:48:24 UTC
⭐ Merited by BitcoinBunny (2) ,JimboToronto (1) ,ivomm (1) ,AlcoHoDL (1)
I love waking up to a new ATH, these super pump years every four years gives me such a rush.
Too bad the coming year, with it's year long dump, will do the opposite, or will it?
I will try to sell the top-ish and park the money in stocks for the coming bear year, let's see if that can't give some kind of similar feeling, at least it will hopefully lessen the "down" feeling (if I pick the right stocks).
I'm thinking something stable and somewhat boring, like Ericson.

Don't worry, it's only for a year, then I'll be all in on bitcoin again, just parking my money to save it from the bear year.

That sounds like a terrible idea, to be honest. Firstly, with the amount of institutional capital flowing into btc recently, there's a significant possibility that its four year bear/bull market cycle could have been broken. All signs (other than looking backwards to historic patterns which in no way predict future patterns) point towards BTC making increasing gains - CBs printing fiat for fun and the associated incoming inflation; unsustainable stocks prices; major corporations holding btc on their balance sheets; governments probably doing the same; etc etc. The list goes on and these developments mean that btc is inhabiting a totally different place to where it was four years ago. It wouldn't be surprising to never see a btc bear market again - 80% dips could be a thing of the past, never to be seen again.

Also, trying to time the top is pretty much impossible and will only happen with a huge chunk of luck.

I wouldn't advise anyone to swap btc for stocks anytime, ever.