Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

... just admit it, you're fiat bull! ... and worse than that you have tasted the freedom of bitcoin and gone back to the debt-slavery chains of your fiat masters, how depraved is that?

Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon.

Quote from: El duderino_ on August 18, 2021, 10:02:34 PM

Some do drink the mindrust cool-aid some don’t

I just have my side to be on…..

Not much more to say only to suggest picking the right side (the one where you have BTC in possession)

I don't know mate. Mindrust sold at an awful price and in panic, while I sold at my target (and it was $1 trillion+ market cap for BTC).

Just to now…. Yeah mindrust was at 3800 ish I think, where did you sold?

But apart of the selling, you mentioned a low 20 price to buy back in if I remember not ?

So just what’s gonna be your play or just what are you gonna do?

I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision.

About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched:

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

I think this is a very sensible approach. The risk you are taking is simple to see, and easy to hedge. You are discounting the black swan. That the 200DMA will be higher than your sell point when it touches would be one way to express it. The hedge is just to leave a portion in BTC. But i am talking about what I would do rather than what you want.