Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 04/12/2021, 01:15:22 UTC
This "cycle" is weird, if I may say so.
I am getting 'lost' in all these gyrations, but hodling through for better or worse.

Just HODL those 20 BTC (that you bought for $6k-ish in 2015), and when BTC gets to $10 million-ish per coin (soontm)**, you will be set to spend your $200k per month passive income.

**maybe 2-5 more cycles - ish

I Am Ready To Buy At $10,000

Don't hold your breath.

Even if we were in an actual bear market - or flat for a couple of years - or end of the bull market, as you suggest, you are going to be lucky to get any coins below $30k..... .. and even then, the odds are not looking too good for even that....maybe I am just fighting the fact that we could actually have fallen out of a bull market yet - especially since we already had a 56% correction and then a recovery from that.. so accordingly, look at the 208-week (4 year) moving average at $18k or the 104-week (2 year) moving average at $28k or even the 52-week (1 year) moving average at $46k.. it is hard to appreciate that we might be moving below any of those amounts in the near future or even in the next 6-12 months.. and each of those numbers are continuing to trickle upwardly with the passage of time, too.

By the way, that reminds me that Raja_MBZ may be getting excited to the extent that he might want to get back into bitcoin, but I am still having my doubts about getting down to the 200-week moving average if he maintains that as his repurchase price arena goal... though he does seem to be distracted into other nonsense, anyhow... so there is that angle, too.