Post
Topic
Board Speculation
Merits 5 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OROBTC
on 09/08/2021, 18:55:10 UTC
⭐ Merited by JayJuanGee (4) ,vapourminer (1)
...

First, some news, this is the best article I've seen re BTC supply running/to run slow that's easy to understand:

https://bitcoinmagazine.com/markets/impending-bitcoin-supply-shock

*   *   *

Even though I have ridden out various UP and DOWN cycles, as well as very sharp spikes & dips, I still have been (somewhat) surprised by this latest move to (over) $46k since the last bottoms of some $30k...  That is a 50% bounce off that local low.  Not bad.

Interesting how that has happened despite (in spite of?) the hard-to-understand crypto machinations of the "Infrastructure" bill that CONgress wants to now pass.

Not knowin' nuthin' here (esp. 'bout teknikal analisis), but I think that BTC has impressive strength going forward.

JJG has always shown good sense re n00bs looking to enter.  Buy in small-ish quantities, DCA.  Recognize your overall financial situation (so if you sell some, like I did to fund-up our second grandchild) you can, and without guilt.  Balance in one's financial affairs is a virtue.  Took some of his good advice, some as my situation is very different than most Wo-ers.  Thanks, JJG.

Special shout-out to Sr. Bob the lawyer rancher, whose help helped me nail down a better future for my progeny as well, GEMINI came in handy...  Sincere thanks.

Also, while I am shouting-out, sincere thanks to Dabs as well, as I have added the "plank" (and a variation on the theme) to my own exercise program.