⭐ Merited by JayJuanGee (1)
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Let's stop arguing for a moment, we see that bitcoin is back up to $63k it is a very fast price reversal by bitcoin after experiencing a price drop to below $55k.
Congratulations to some people who may do DCA at that price level will be very happy for you, yesterday was scared because it had a lot of market fud that affected bitcoin to decline, Holder is winner and DCA is always a very sharp sword to get prosperity with bitcoin.
Maybe it will be a DIP to reverse the bull market again.
First of all your chart is focusing on pretty short term BTC price dynamics, which are largely irrelevant - unless you are fucking around with trading.
In other words, I would not characterize the latest as necessarily a fast recovery since yeah, we had a pretty deep correction that ended up playing out around 11 days ago.. that brought us from the mid-$60ks to around $53,500-ish.. but that decline had started a bit prior 11 days ago, and surely a decent number of BTC HODLers might have gotten shook out of their coins based on various market dynamics including proposals that Germany's dumbass supposed selling of coins and MTGOX release of coins and blah blah blah was going to continue to bring the BTC price down into to the $40ks or whatever might have been a buying price target, so in stead of buying BTC in the past week or two, dumb-assed weak hands and ill-informed folks were selling BTC rather than buying.. so yeah, sorry for your loss.. you dumb twats.. and your hope to buy back BTC lower (and you might never be satisfied), which surely we are seeing might not be within reasonable BTC price direction expectations.... but who knows? Maybe you will get lucky if you continue to wait for the dip? maybe? maybe not?
I am not claiming to know which way BTC prices are going, yet I am claiming that anyone who is new to bitcoin or even in bitcoin less than 4 years, should not be fucking around with short-term price predictions that may or may not come true, but instead focusing on accumulating bitcoin, unless they had already front-loaded their BTC investment sufficiently and adequately to already be prepared for UP, just in case such UP might end up happening sooner than expected...
And sure, the point is always to be prepared for up, and one of the best (if not the only) way to prepare for up is to not only have bitcoin but to have enough bitcoin.. .and ONLY you can figure out how much bitcoin is enough bitcoin, and one of the best (if not the best ways) to make sure that you have enough bitcoin is to buy it. buy it regularly, continuously and persistently.. especially if you are in the first cycle of your bitcoin journey, and selling bitcoin is not a good strategy towards making sure that you have enough bitcoin... #justsaying (or should I say, #justrepeating?)
I agree with your sentence that indeed for those who are afraid they rush to sell their bitcoin and think it will be a steep decline after halving as in previous cycles starting with bad news from a lot of news sentiment that might give selling pressure because it makes people afraid and panic, and they are too stupid apali who just bought at the price of bitcoin then because of fear they sold it and now bitcoin is back to a much better price after being above $60k.
Yes I agree with that, besides we have to prepare before the increase on the other hand must also have a mentality that is ready for the decline, because I noticed a lot of people who panicked last time because of overthinking which made them lose their bitcoin, it was a foolishness.