Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
You're talking to BPIP #2. Show some respect, #48.
Oh gawd
I should batslap you for even thinking that kind of nonsense.
In udder wurds, we got a BPIP#2 that doesn't seem to know nuttin.
Been in bitcoin for 10 years and don't gots no bitcoins.
Worse yet holding onto (accumulating) (even pumping) doggie coins as the future of POW coins.
By the way.. don't get me wrong.. it seems that I am the same as you (Cryptolove20015), and likely many of the other dominantly BTC HODLers who frequent this thread in the frame of mind to welcome UPpity outbursts whenever such UPpity outbursts might come - and we have had several of those kinds of "relief rallies" in bitcoin's history - while at the same time it can seem like forever waiting for them.. and for me the 8-ish months in 2015 felt like forever for me.. and the seemingly ONLY 4-5 month wait in late 2018/early 2019 did not feel close to as painful as the 2015 wait.... Every time, we can say that this time is different in the sense that there are always going to be differences that cause the uncertainty to feel real this time.. and maybe the bearwhales have to cause those kinds of feelings to the extent that they are capable of accomplishing such pain and suffering upon the BTC HODLers .. in the sense of pushing the BTC price down as low as it can be gotten and to keep it down as low as it can be kept for as long as possible.. yet it still seems that at some point they will run out of ammunition.. We do have a limited BTC supply and it does seem that having such limited supply could cause some of those big cocky beartwats to get sufficiently reckt.. even if they might be a very large institutional actor, as state or some combination of those kinds of historically manipulating twats who want to (and feel that they can) always get their way (until they don't).
I thought about it, how difficult it must be to implement, and how much resources you need to own in order to lower the price of bitcoin and keep it at the bottom for a long period. Because they are also played against by very big players who buy. I mean how difficult it is. I will give my opinion that in this bear market, I feel some confidence that bitcoin will rise again. In previous cycles, I had a lot of doubts and actually thought that maybe cryptocurrencies have experienced their peak. But after that, everything happened again, the bull market came and there was a great growth, but I was without bitcoin, it depressed me.Well, this time I decided not to make that mistake again and maybe it's good that I started buying around the beginning of the bear market, there may not be a better time. I also thought that if my faith in bitcoin is still strong, then perhaps we have not hit the bottom yet? Or I just believed in bitcoin and now I can't be broken.
If you are investing into bitcoin with your excess cash (if there is such a thing?), then you should realize that you are continuing to build your BTC stash, whether you are able to invest $100 per week or you can only invest $10 per week, and I would imagine that after the first 4 years of investing into BTC at whatever was your rate, you are going to be in a better position to decide what to do next and you should be in a better position to assess whether your ongoing investment into bitcoin had put you into a better position than if you either had not invested into bitcoin at all, or if you had chosen some other investment or if you had chosen not to invest. These are not easy questions to answer unless you have acquired enough confidence that bitcoin is amongst the best of investment avenues that are currently widely available to all people around the world... but even the fact that bitcoin is likely amongst the best of current investments, we still are NOT guaranteed that we are going to be better off to have had invested into it rather than investing into something else or just consuming our investment amount.
Once you get over the hurdle of deciding upon bitcoin and then focusing on carrying out your BTC investment/accumulation/buying plan, you won't be able to change what you did 4-10 years or longer down the road, even though you are able to change at any time along the way, if you change your mind about the plan that you create and/or follow today.
Of course, ongoingly you will be faced with choices regarding how regular and aggressive (or whimpy) you should be in your investment and the extent to which that you might want to tweak your plan along the way.. so the level of your aggressiveness(whimpinees) and consistency in carrying out your plan can end up having pretty decently sized compounding effects down the road, whether you are looking at 4-10 years or maybe even some longer timeline in which you may well end up getting to a wealth accumulation location that you had not thought that you were going to be able to reach based on your personal circumstances and the ways of the world. And sometimes investors can become too greedy and too aggressive in their investment approach - so there is a balance in which being too aggressive could end up working against you too, even if you might consider that being aggressive might be a good thing... there are ongoing needs not to overdo what you are doing in such a way that you end up taking way more risks than necessary.