Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Paashaas (1)
I feel like we’ll see some established posters pull a mindrust in the coming months. Who’s your money on? 
Just remember, short to medium term price moves mean nothing. Fiat is dog shit, 1BTC = 1BTC. If we enter a bear market now, use it to your advantage & increase your stash.
For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.
Keep calm, HODL & stack, King’s.
Just remember, short to medium term price moves mean nothing. Fiat is dog shit, 1BTC = 1BTC. If we enter a bear market now, use it to your advantage & increase your stash.
For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.
Keep calm, HODL & stack, King’s.
"Who’s your money on?"
On you and BLB?
It's quite realistic, if you consider the past disclosures, albeit maybe not the "full midrust" (100%), but rather a "mindrust-lite" (50-75%).
Hairy already sold out, perhaps,..based on his chronic absence. The "fractal" did not pan out in the long run.
Some other folks are gone too (gentlemand? Last of the V8s?).
You really think that those members (used to be quite regular in these here parts) being gone means that they largely sold out?
In an overall sense, you might be correct with that conclusion.. to at least conclude that some of them might have taken a smaller bitcoin position, yet another possibility would be that they merely want to get a bit more distance from bitcoin discussions when they are seeing that their bitcoin holdings are going up (but that second one does not make so much sense for some folks who had both already been involved in bitcoin discussions and that there should be some desires to continue to monitor bitcoin (portfolio values) if it is both volatile and tending towards being a decent amount of value...
The cashing out decent portions theory does still seem to be amongst the more plausible of theories even though it seems a short-sighted way of thinking about bitcoin and even ultimately any largely cashing out approach would be value the bitcoin in terms of its fiat value without really considering ways to just hold decent amounts of it within the personal investment portfolio.... So diversifying out of BTC so much would show that the BTC value becomes way less important within any kinds of thoughts.. thinking that if the BTC had gotten up to 50 to 70% of investment portfolio holdings and then if a guy ends up not selling all of the BTC, but maybe retaining less than 5% of the overall portfolio in BTC.. A lot of possibilities, and probably I am speculating too much regarding these kinds of particulars that you raised, Biodom.