Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 16/11/2022, 02:18:48 UTC
⭐ Merited by JayJuanGee (1) ,dragonvslinux (1) ,UnDerDoG81 (1)


Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.


You're going to end up really disappointed if you do that.

Well, I already did not sell twice: at 20K in 2017 and 69K in 2021, there would NOT be a 3rd time.
Albeit, I also did not 'mindtrust' at $175 in 2015, $3100 in 2018 and $3800 in 2020.
Part of it is age...waiting for 10 years makes no sense to me.
However, I am not going to sell all...maybe 30-40% or so.

Same here and it might very well be a third. Why on Earth would you sell so much without even a new ATH?

Are you in desperate need of liquid funds or something?

Yes when reading your post I had Mindrust in mind. I almost added "be careful not to do a mindrust" to the end of my post.

Just sell what you need in immediate liquidity and keep the rest until we get anywhere close to final state valuation. We are not anywhere close to that. I mean Bitcoin market cap is only 2x ETH. Just that relative valuation should tell you enough already.

... those YouTube morons like “the moon” who got in in 2017 I believe and is a multi millionaire driving Bugattis and shit while I got in in 2013 and still driving an 2007 BMW. I must have done something very wrong ....

I wouldn't believe any stuff coming from these cRYptO channels.  Many of them are pretend rich.

And 99% of the few guys that became rich in reality did it because they promoted scams and high leverage trading websites to noobs.  So most likely sociopaths who happily help to fleece others for their own benefit...

So... probably you haven't done anything wrong besides not buying enough BTC in the early days. But that's a shortcoming most BTC OGs have in common.