I am puzzled when I see that more than 50% of the Wall observer members voted for "bottom in".
I am not the oldest here, but I'm seriously involved in BTC from late 2014/ early 2015, and didnt sell any BTC till 50K$.
If we are logic, it's seems there is little chance to already bottomed, for all these reasons :
- We came back for the first time in btc history to the previous ath (and below)
- We will probably close tonight below the 200WMA weekly (22K$), for the first time too
- Situation macro economic (covid, war, super inflation, fed etc...) / Recession
- absolutely NO rebound, even at 20K$.. And no volume too for buying.
- Terra/luna disasters, celsius.. What's next?
I don't like to say that, but I don't see any positive point at least at medium term.. So in my opinion there is high chance to have more pain. I just have no idea till where. 14-15k ? 10-12K? Less (but seems really crazy, but who knows..).
I personally reinvest 1/3 of my long terms BTC profit at these levels :
- 20K$ (done) = 25%
- 15K$ = 25%
- 12.5K$ (then every 1K$ down from there till 6K's) = 7% each step
Be brave my friends, we will be rewarded sooner or later.
...at 5k down to 1k? sell kidney ? or seppuku?
Hypothetically of course.
if 1K, probably BTC is "dead", tether collasped and all other stables too. , all alts - 99.99%. So every single holders would be fully broke at these levels.
But just read my reply, even if we reach 6K's$, i would invested 'only' 33% of my btc profits. So most probably i will put more orders (maybe till 50% instead of 33?)