Quote from: onecall123 on Today at 06:53:36 AM

It appears that bitcoin whales are planning to sell soon as BTC price action struggles around $47,000

According to the report, the Taker Buy Sell Ratio continues to be negative, which indicates a bearish market sentiment will prevail in the near future."

This rebound will not be enough to prevent further losses. According to the majority of the market, the downside will continue. Several weeks ago, the majority expected a parabolic run in December. Currently, the market sentiment is what matters most. Despite this, smaller investors have added to their position.

Good luck if you believe that the BTC price is going down from here based on the ideas of what "people believe/fear".. blah blah blah." Hopefully, you are not failing/refusing to buy on the dip or to sufficiently and adequately prepare for UP in case the further dip that you are expecting never happens.

Quote from: Wind_FURY on Today at 11:49:48 AM

Quote from: JayJuanGee on Today at 05:24:47 AM

Quote from: Wind_FURY on Today at 05:16:23 AM

But I’m a mere pleb, and I’m wrong ~~most~~ a decent amount of the time. Cool

Fixed that for you.

Wink

No, I’m wrong 90% of the time, that’s why I HODL.

Ok. I will concede the point.. You are in a better position to know about the amount that you are wrong.. Must suck to be wrong so much.

Quote from: Wind_FURY on Today at 11:49:48 AM

If I was trading actively, I would either be, stressed and out of savings, or depressed and out of savings.

Generally, speaking trading is not a good idea anyhow, so there seems to be a decent amount of smartness in merely making decisions not to trade.

Quote from: Wind_FURY on Today at 11:49:48 AM

I’m not a whale like you.

To the extent that whale status is relevant to this discussion, we may well need to define terms.

In any event, I would suggest that a person does not need to be a whale in order to trade, and I have frequently denied that I am a trader in any kind of a traditional concept of the practice of trying to anticipate BTC price direction, and so in that respect, I surely consider BTC a kind of an asset in which it would be prudent to establish accumulation levels and then aim towards reaching those accumulation levels.. so thereafter, once you have achieved your accumulation levels (whatever that might be) then you have more options, which may or may not include the practice of trading.. but surely, I do not recommend BTC trading as a method to help in reaching accumulations, so in that respect, in more than my first 3 years in BTC (which would have been from late 2013 to early 2017), I had always considered replacing any BTC that I sold in a fairly quick manner.. (in other words, not trading at all).. and surely quite a bit of BTC's price rise in 2017 allowed me to have more options in my perspective in how to attempt to manage my BTC holdings.. which I had considered that I had gone from a kind of strict accumulation phase into more of a maintenance stage. .. so in that respect, the extent to which circumstances, views and practices about how to manage BTC holdings change may well depend upon upon how any of us may have gotten to whatever position that we ended up being in.. so in that regard, a certain amount of previous stacking of sats seems to have helped to allow for more options once the BTC price did move significantly up.. which surely was not guaranteed then and continues to NOT be guaranteed now.

Quote from: Wind_FURY on Today at 11:49:48 AM

There were also some retirees I’ve met in small meet ups who have their monthly pensions to fund their Bitcoin buying spree.

Of course, there can be way more options for any normies who have life long experiences of building wealth - including that in the case that you describe some people had earned income from pensions that give them some flexibilities so long as maybe they have income in other ways to support their lifestyles.

For sure, if someone is very young and has not received any inheritance or some kind of a income from wealthy parents, then that person may well be in a position in which s/he has hardly any assets or investments, so the ONLY thing that s/he has to start with is a cashflow that might also be less than preferred. I was in a similar position when young.. When I was young and even my first 20 years of living an adult life (let's say through my 20s and 30s), I had largely striven to save/invest at least 10% of my income - whatever level that it was. In my case (and maybe is true with quite a few people), income has potential to grow quite considerably at various times depending upon what kinds of positions are achieved. and then there can be choices about whether to consume with the increased income or to increase investments, and sometimes both increased consumption and increased investment can be achieved if the income goes up substantially greater than previous levels... and sure no matter what there are going to be temptations in terms of what to invest in and in terms of what to consume.. but if you are able to build a decent-sized nest egg, then the same can be said about anyone's investment into BTC.

Surely, I am not against any young person to begin investing by ONLY investing into BTC while building some kinds of decently sized investment, and surely if an employer offers a 401k plan there can be a lot of benefits in at least putting as much into such investment plan to receive the maximum matching from the employer, and surely not everyone has 401k plans, but nonetheless, through the years, it is quite likely that people are faced with investment decisions.. including the staying in a job had gotten some people pensions, and other people bounced around from one job to the next to the next and never did end up getting a pension.. so there are varying levels of preparation and luck... and sometimes if we fail/refuse to adequately prepare when we are young, we could end up running into decently bad situations when we are in our 40s, 50s and 60s in which we recognize that we hardly own shit and/or we hardly have any investment and therefore if we hardly have any investment, we are lacking in options as compared with some other people who may have had more luck and/or preparations.

I personally believe that it is likely much more difficult to get lucky if you do not make adequate preparations, and even when you make a lot of good, significant and meaningful preparations, that might not guarantee that you are going to end up being lucky.. Lots of lackings in guarantees in life that's for sure, and sure there are some spoiled rich kids who may well not deserve all of the fortunes that they have, yet we have to be careful in terms of making sure that we are attempting to assess matters in respect to our own situation(s) rather than getting caught up in worrying about what the situations of others may be or may have been - absent that there may still be ways that we can learn from a variety of others, whether they might be in better or worse circumstances than ourselves.