but what happens when it keeps going down to let's say $43-$45k? After buying at $53k you discover that you have nothing close to gaining and you know Bitcoin doesn't just goes up like that, it takes time and that's where the fear comes in to make many start selling, to me it has to do with how calm you are when you're being pressured.
Of course, each of us should be financially and psychologically prepared for potential downside scenarios, including going down to the 200WMA or even below, even though surely we already had a pretty decent dip to $49.6k-ish, so it seems a bit overly pessimistic (or chart oriented) to be fucking around worrying about such downside scenarios, and hopefully your worrying about such downside scenarios is not contributing to your failure/refusal to make sure that you are sufficiently/adequately prepared for UP - especially for any newbies who might have had ONLY been buying bitcoin for less than a full cycle and even moreso for newbies who are not in a position to front load their BTC investment, it seems that those kinds of newbies just need to be buying regularly (hopefully weekly) without having any thoughts about whether the BTC price is going up or down and including perhaps making sure other aspects of their cashflow management is either in a good place or continuing to build good cashflow management systems.
Also, each person needs to consider the extent to which there might be any value to holding any kind of extra value for buying on dips rather than just buying right away and on a weekly basis with whatever level of discretionary income that they consider to be a sufficiently adequate amount.
I really get your point but can you blame those newbies?
I blame you, since you keep bringing up those kinds of topics and suggesting that you are talking about the dynamics of others rather than about yourself.
Sure weak hands exist, yet to me, it seems to have better talking points to figure out how we can set up empowering systems for ourselves so we lessen the likelihood that any of us are going to succumb to such pressures to sell or to refuse to buy during times that we probably should avoid selling and figure out if their might be a way that we can buy.
None of us are completely exempt from having those kinds of weak-hand feelings from time to time, but there are financial and psychological systems that we can put in place.. and surely I consider that if strong financial systems (and practices) are put into place, then it becomes less and less likely that we will become vulnerable to psychological pressures to sell on the way down and/or fail to buy.. or maybe alternatively just to hold through the whole time in which we are likely to be under stress from BTC price moves.
If someone doesn't have the mentality of being prepared financially and otherwise then what do you expect, is like waiting for a train at the sea port,
Your ongoing posting about these kinds of negative ideas reminds me of the suggestion to not think of an elephant.
Sure
it is the title of a largely political book, but still the idea of keeping on repeating something ends up putting the idea in our minds and making it more likely to become true from people continuing to think it.
no plan of getting ready if something went wrong. I don't really blame the newbies because they only have one goal which is get your money in and expect to be rice the next day, the ones who find it a little bit easy are the ones who took their time to understand that it goes two ways either you lose or gain and these set of people are the knowledge seekers, they try to know more before getting involved, I'll say understanding and management are one of the keys to success when it comes to Bitcoin investment and you can as well include patience which to me is one of the hardest, just like we have Bitcoin dropping you'd see many losing it.
You seem to love that topic of people losing it. You are free frame things however you like, even though surely I have frequently complained about the topic, even if you claim to be referring to others rather than referring to yourself.