How are BTC related matters feeling now, Raja_MBZ?
Still expecting a correction down to the 200-week moving average within the next year?
Yeah, of course.
However, the punk that I once sold for 4-figure is now worth 7-figure. Sucks TBH.
You are going to win a lot of friends by responding by bringing up off-topic nonsense.
We are talking about BTC here?
Apparently you heard about it, but you value your wealth too much in dollars in order to even be able to appreciate how to use bitcoin as a long-term strategy.
Admit it. You were wrong about at least: 1) believing that we were in a bear market and 2) failing/refusing to buy back (assuming you even did the right thing to sell in the first place) when the BTC price had dipped 56%.
Maybe you at least have become another example of how nocoiners behave in trying to rationalize their unwillingness to invest in bitcoin in the long term and how their position (financially and psychologically) becomes even worse when they get stubborn about having had put their lil selfies into a nocoiner status.
I seriously consider buying more around 20,000 dollar.
That's what she said.
I probably am gonna get that punk back at 5-figure. Should be possible once BTC touches 200-week moving average lol
Historically, bitcoin has reached 200-week moving average during bear markets (and except for in March 2020 - 200-week moving average was met), so a lot of opportunity costs to be waiting for the 200-week moving average to be met along the way, especially since it seems that we have been in a bull market since about April 2019 and we have not yet left that bull market.
https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/So for example, in March 2020 the last time that the BTC price met the 200-week moving average was around a pretty major event, and the 200-week moving average around that time was about $5,300.
Around May 2021 when you sold your bitcoin for $55k, the 200-week moving average was at $12k (so it was more than double of its March 2020 level)... Currently, the 200-week moving average is more than $17k, and it seems to be moving up relatively steeply, so you might not even be able to get BTC below your $55k selling price by the time that the BTC price drops to meet the 200-week moving average.
It does seem that you are going to need a decent amount of luck with your strategy - and it may well not play out, even though I do not have high doubts that some day the BTC price has decently good chances of meeting the 200-week moving average at some point in the coming 2-3 years.. but it is not guaranteed, either.. even though at the rate that the 200-week moving average is moving in 1-2 years it could well already get above your $55k selling point.