Post
Topic
Board Speculation
Re: Summer dip?!, December price outcome? ---> JOIN and guess the price GO!
by
bitmover
on 04/07/2021, 12:40:49 UTC
First of all, thank you El duderino_ and LoyceV for such amazing event.

I want to participate and follow the rules, explaning my prediction and the reason behind it, but that's very hard for me.

I am not a trader and I don't like TA either. I tried to trade a few times in my life and I only got stressed and lost money lol.


What I really do is to make a decision to buy an asset which I believe it is worth having it. If for some reason I think that asset  is not worth holding anymore, I just sell it. Usually not all at once...

I sold a some of my bitcoin  stash when we were about 50-65k, a little each month (in Brazil cryptocurrency are tax free if we sell only 6k USD per month, and that is what i did for a few months). I also sold some ethereum  and exchanged a few eth to btc in this deep because the ratio was good. I think those were good decisions but I wouldn't call that a "swing trade" becuase I hold those assets for years and years....


But I will try to make my prediction. First of all, I will not sell significant part of my Bitcoin stash this year, only if we reach 100,000 (which I believe is highly unlikely). I am not selling because I believe the movement is still upwards in long term (more than 5 years).

I was taking a look at some trading view ideas and I particularly liked this one. Then I made a few changes and made my own to Dec 7. The minium price there would be 60k! lol, that's quite good to me.


Based on that, I will choose my favorite number:
69,200