Back from vacation to find the corn has crashed a little, but not enough to make me buy more than my DCA amount. Below 20K, I will be tempted (but then there is the issue of the fiat onramp again, annoying).
Anything that takes Bitcoin below $20k again will make a lot of people, including me, buy aggressively. That will be a major giveaway because any positive news will lead to immediate profits even before the much anticipated bull market.
I don't see that happening though but then, we always keep open mind as either way is good for me... the beauty of DCA.
I am not sure what to make about these theories about backing up the truck - since a lot of bitcoin believers will already be buying BTC all the way down from $30k, so there can be questions about how much money many of the true bitcoin believers are going to have left if the BTC price were to drop below $20k again.
So even in your case Odohu, are you holding back? You have money in reserves in which you are going to back up the truck and start buying BTC like a mad man at certain price points? Take a mortgage out on your house, your wife and kids? There is ONLY so much money that anyone can get access to, especially if the price were to fall fast and then how would you be getting liquitity so quickly from other assets when BTC may well be the most liquid thing that you are holding.
I suppose if you had been taking lessons from Phillip, then maybe you would have IBONDs, but even he admits that his IBONDs are not quite ready right now to purchase very much even though some of them are supposedly coming due in the coming months. which have to even wonder how much is anyone holding in reserves, and even a funny thing with Phillip is that he had sold some BTC around $20k-ish in August/September/October 2022 in order to buy IBonds, and then he got locked into those IBonds that he had then been pumping and rationalizing away how smart that he was.. but then BTC prices dipped to $15,479 and he was not able to buy back BTC at those prices, even if it would have been smart at all to be selling BTC rather than buying it at around $20k in August/September/October 2022.
......
Every 1...2...3...4 years.
.....
At first I had thought that you had fucked up this part -
And, I had wondered if I should propose a fix
Since even reasonable peeps could agree to disagree on the number of syllables in ev-er-y.. and let's just act like the second e does not exist with the ev... and go into mushing the ery because that's what the dictionary says.
Only two syllables, even though it looks like three:
go figure.
Says right here on the interwebs
with Rachel's English:
>>>>"This week's “word of the week” is 'every'. It's a two syllable word with stress on the first syllable. DA-da, every. It looks like it might be a three syllable word Ev-er-y but it's not, only two syllables."<<<<<<<<