I see the market as being driven by traders and thats why we've been in a range. People do buy BTC on leverage, they pay interest to do so and then they sell. Lots of markets especially commodity markets are driven in that way. So far its been too tempting to sell at 70k, once again I expect some test in this area.
Away from that idea, maybe the best BTC I did hold was some that I forgot about. Luckily I did rediscover it like 5 years later so I had not made the frequent mistake to sell. Otherwise I have to say I'm often guilty of not the greatest judgement.
I sold in 2016 autumn, just enough to buy PC parts but clearly that cost me alot to do so. I did later recognize in Feb 2017 BTC was silently stronger then it appeared but almost always DCA is entirely justified. Its normal to be distracted or even worse, fearful, scared to buy and maybe scared into selling.
My understanding of the market is via trading and why it gets the sharp peaks like the 2020 low and later rises. When we do pass 70k and confirm it as a low not a peak area, the character of the market will change alot from now.
I haven't accumulated enough so if anything I'm biased to wanting the lower prices tbh; I saw us breaking down to 50k recently and sadly it didnt play out
A failed move to the downside explains why we've risen harder now. Its interesting to me, anyhow I get all these are games played and not actually the main picture for BTC.
Away from that idea, maybe the best BTC I did hold was some that I forgot about. Luckily I did rediscover it like 5 years later so I had not made the frequent mistake to sell. Otherwise I have to say I'm often guilty of not the greatest judgement.
I sold in 2016 autumn, just enough to buy PC parts but clearly that cost me alot to do so. I did later recognize in Feb 2017 BTC was silently stronger then it appeared but almost always DCA is entirely justified. Its normal to be distracted or even worse, fearful, scared to buy and maybe scared into selling.
My understanding of the market is via trading and why it gets the sharp peaks like the 2020 low and later rises. When we do pass 70k and confirm it as a low not a peak area, the character of the market will change alot from now.
I haven't accumulated enough so if anything I'm biased to wanting the lower prices tbh; I saw us breaking down to 50k recently and sadly it didnt play out
A failed move to the downside explains why we've risen harder now. Its interesting to me, anyhow I get all these are games played and not actually the main picture for BTC.