Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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I'm still not sure if 17.5K was the first bottom corresponding to 5.8K in 2018, or the second bottom 3.1K in late 2018. Anyway, we should have some dead cat bounces to 30K-ish, or even 40K-ish before the next big bull run. Hopefully the tradition will be kept and we see 100K+ in 2025. Meanwhile, I continue DCAing but very cautiously. I wouldn't risk too much buying right now, since another big crash is quite possible in the next 1-2 years. Unfortunately for me, I don't have the skills to sell high and buy low, so I actually buy higher than I've sold. I don't gamble of course, I sell only for what I need and plan to do. When I'm done, I use the new salary to replenish my stash albeit buying a bit higher most of the time. Because I don't want to gamble, I buy regularly with my fiat savings ignoring the current price movements.
In general, I'm dissatisfied with my stash, since I missed a lot of opportunities to buy under 1K and sell something above 50K. So, I will have to wait another 2 years at least for prices above 100K to pursue my bigger goals - buying a real estate and installing photovoltaic panels with asic miners. Thus I will not only have the profit from my Bitcoin stash but a regular income which will allow me to quit my job if I want to. But for now, I will not only keep my current job, but I am in the process of getting a second job. Both can be combined easily, since they are not physically demanding. So, if the price is below 50K until 2025, I will probably get closer to the number which is needed for my plans. I have a small reserve, just in case another crash happens, and then for sure I will get to that number.
So, even though I'm not a skilled trader, with the pre-meditated and pre-planned strategy, I am always theoretically in a win-win situation. But in the real life, my emotions can get in the way. I'm not talking about mindrusting during a crash, but rather mindrusting during a pump under 100K. For me, anything under 100K zone is a no go! Any mistake there and I can say good bye to all my plans and fail miserably. So, any gambling is out of question for me!
I think that many of us if not an overwhelming majority of us can describe a multitude of ways in which we have made various bitcoin stash managing mistakes - even if they might not rise to such high levels of mindrust notoriety.. but there might be some of us who have made similar levels of mistakes like he did and we do not want to admit it.
Personally, I believe that the more that we are able to plan and then project what we are going to do under a variety of BTC price scenarios, then the more likely we are going to be able to stick with some close variation of our plan when push comes to shove and the scenarios start to play out. One of the issues with any of these kinds of plans may well be that we believe that we have prepared for extreme scenarios and then BTC prices end up going beyond our extreme scenarios, not only a little bit beyond our extreme scenarios but quite a ways beyond our extreme scenarios, so our planning and even our planning of extreme scenarios ends up not being quite enough.
Another thing that happens is that bitcoin might end up performing within our planned scenario and even we might have planned some kinds of extreme scenarios, and if we were able to step back we might be able to see that we had already planned for such extreme scenarios; however, when bitcoin ends up playing the extreme scenario that we had planned for, we sometimes might still end up abandoning our plan because when we get into the extreme scenario we end up failing to recognize and appreciate that we should either stick to the plan or maybe just tweak it a little bit rather than totally abandoning our previous preparations.
Even though frequently we might have tendencies to abandon our plans, I still think that it is quite a lot better to plan in advance, even if we end up abandoning some aspects of our plan (whether on purpose, on mistake our out of emotions).
This is the biggest milestone for the Philippines, Binance and Bitcoin
Cryptocurrency users in the Philippines are quite large, that university is making rapid steps in the adoption of cryptocurrencies.What is that? What is the thing that they are adopting?
Fuck shitcoins.. my new years resolution..
Oh? it's October.
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I am not talking about any shitcoin or getting out of BTC. I know this thread is relevant to BTC alone. You do not like other shitcoin I get it but I do not mind earning some quick money from that shitcoin if I got the opportunity because it doesn't force or encourage me to sell off my bitcoin holding for those shitcoin or any other fiat.
We are not talking about shitcoins here.. so it doesn't matter. It is not relevant. It's a topic for another thread, if you feel like discussing or maybe creating a thread.
I know there are thousands of shitcoin in the market and thousands more will come but BTC was here and will be here. Earning some quick profits from shitcoin will not divert my point of view.
There still is no reason to talk about it in this thread.
why? Who cares about your profit or not profit? this thread is not about how do you make profit.