Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 01/08/2024, 07:59:02 UTC

[edited out]


I'm thinking of the situation from the current price level. Because if Trump does create a Bitcoin Strategic Reserve on 2025, and that does start a Domino Effect of adoption, then I believe the next large DIP will be in a price that surged to something higher - to the DIP of $150,000. If that's true, then why should we wait for a DIP from the current price?


Personally, as I already mentioned, I get the sense that you are getting overly excited, and you even seem to be adjusting Trump's words to your own intentions, since if you had been using Trump's speech at the bitcoin conference as your reference, he did not even speak that clearly on the topic, even though you and others are trying to ascribe extra intentions to him...

and in fact he mentioned a bitcoin stock pile and he kind of waffled whether confiscating the BTC of holders might become the bitcoin policy under his administration, if such an administration ends up coming. Yeah, there is a decent amount of time to potentially fix such ambiguities, yet I have my doubts about the extent to which various positive vibes towards bitcoin would unambigously cause bitcoin's volatility or downside from going away in ways that you seem to want to read into the situation.


Because Trump is currently "pro-Bitcoin" and they will create pro-Bitcoin policies under his administration, then he probably hired some people from the Bitcoin community to be his advisors, no? I would assume that those "advisors" would "advise" that the United States Bitcoin National Stockpile will partly be seeded by purchasing Bitcoin from the market.

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Yes, don't get me wrong, it is way better that various candidates, including Trump, are speaking positively about bitcoin and potentially seeming to contribute towards various other influential people to speak positively about bitcoin, and also bitcoin goes more and more into the public consciousness in such a way that we might end up with more bitcoin buying and more UPpity buying pressures, yet still even though there are possibilities that UPpity buying pressures contribute towards less likely downward BTC price movements, bitcoin prices are not just a result of one factor or a few factors, and I even have my doubts about political factors really clarifying various ambiguities to take away BTC price movement in both directions, including downity from time to time... from here?  I am not even going to claim to know, even though you (Wind_FURY) seem to want to claim that you know... or that you have warm and fuzzy feelings about UP only of dee cornz from here on out, or whatever it is that you are wanting to say.


I'm not claiming to know either, ser. But such things will definitely give higher probability to UPpity than DOWNnity.

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About your predictions in the past, @JayJuanGee has already made it clear that he just said it for funzies after all every one of us have made wrong predictions in the past since we only speculate the price of Bitcoin but we can never be certain.

That's alright, it doesn't truly affect my mood, especially not now. Perhaps if Bitcoin actually crashed back to $3,000 I would be very annoyed by the smallest comments. Haha.


Oh gawd.  Roll Eyes Roll Eyes  How can you go from one extreme to the other?  Surely you love exaggerations, and it seems to me that there would be quite a few of us getting quite worried about bitcoin if we were to go back below $30k for any meaningful time... and even going below $40k would end up having quite a bit of wide-spread worrying from current BTC hodlers.. though I am not sure if those kinds of prices might inspire a lot of buying, though one of the problems with suggesting BTC price moves in advance, sometimes we might need to have some better idea of the context for such downity BTC price moves, so if based on information that we currently have and maybe Gox Dumping and some potential USGovt dumping or other governments dumping then that might explain some downward price moves, and maybe we might see the ETF holders dumping at the same time, yet we might need to see those kinds of behaviors rather than speculating about them, since those kinds of dumping behaviors do not really seem to be taking place, so it becomes quite difficult to even speculate that BTC prices might go into the lower $50ks or even get into the $40ks which woudl be a prerequisite for their going below $40k and thereafter going below $30k.. which currently all of those seem to be quite pie in the sky ideas, even though we do see some folks talking about those kinds of potential BTC price levels... which I personally have my doubts about any of those lower price levels including even getting into the lower $50ks, even though that is more possible than the others since we are at least currently in the ballpark of 20%-ish from reaching such lower $50k levels... whether a spike in price or something sustainable that happens down to those levels, it still seems unlikely to me, even though within a realm of possibilities... yet at the same time, newbies to bitcoin should not be waiting for any of those kinds of prices before buying BTC, and even folks who have been in BTC for less than a whole cycle, they probably should be continuing to buy BTC regularly rather than waiting for down scenarios, yet each person has to figure out these kinds of matters based in part on how many BTC they have already accumulated in light of their own circumstances.


?

It's merely to make a point, ser. I never said that it will actually happen.

¯\_(ツ)_/¯