Post
Topic
Board Mining (Altcoins)
Re: What to do in a bear market
by
adaseb
on 11/06/2022, 03:27:40 UTC
I always felt that the low-to-high ratio method was too lowball in it's predictions, but the fact that it was almost spot on for the 2021 peak made it scary.

Yeah I know, I said that 100k would never hit this cycle and I was spot on, scammers were spreading that 100k would be within weeks, poor people that fell for that, my top numbers(79k - 89k) were a lot more conservative than 99.9% traders, 69k was also one of my top numbers because in 2013, btc got as high as 6999 yuan on chinese exchanges, so I thought that number would come back in 2021, many people at that time thought btc would hit 10k yuan but it never hit. So I thought last year looked so much alike 2013, the hype and everything.

I also knew $100K wouldn’t hit however I didn’t think $69K would be the top. Since we had a $65K top prior and it looked like it had more room to run, it seemed that the top would be anywhere in the $75-85k area. Which would also be the $100,000 per BTC in AUD and CAD currencies. Would of sold everything there but unfortunately never hit.

It’s a shame that we had conservative targets and neither of them got hit. I actually also assumed that $50K might be the top so sold a bunch at like $49.5K.

Either way, nothing you can do now.