I figure 200k or bust in the next 8-9 months
If it hits $200K in the next 9 months it’ll be me that busts.
Even I am getting more pessimistic about the upside potential for dee cornz for this cycle..
I guess our spending so much time in this no man's land and/or in don't wake me up zone (which seems a bit out of character for dee cornz), has contributed to some jadedness in my own thinking, even though being stuck in this particular price zone should not even be that negative of a sign or happening.. bouncing around at mostly the top of the range.. .... but still.. sometimes these kinds of periods can have a kind of wearing effect, even if some of us might still remain relatively optimistic.. it is not like I am selling an cornz.. ,,, and tending to buy more than I sell in the whole scheme of things.. . but still..
I guess ignorance really is a bliss.
My outlook was that the wait was a warm up before a shoot.
Fortunately this ain't the only cycle, there are more to come and we just hope for good health and long Life to enjoy them.
I'm still optimistic never the less
The frequency of my DCA has increased now because I don't want to be asked by my kids in the future "Daddy where were you when others were buying Bitcoin "
Don't wanna increase my numbers of regrets.
Right there with you ambatman. I'd set some lofty but achievable goals back in 2021 about where I wanted my stack size to be by mid point 2025. I'm at that accumulation point now, where I have exceeded these goals a year early. I definitely feel a little bit like I will have over accumulated by mid 2025, but I'm continuing along with my plan. I'm in it for long haul, and so far so good.
Whenever choppiness comes up in the price, I always go back to the 200 WMA and go are we uppity,downity or matchity to it so there is some comfort here at the moment with 34k 200 wma vs 56-62k short -term range we are in now. The MM's really dont like it to go above 60k for some reason, hopefully the degens get rekt soon.
Recently and I dont think saw this anywhere, a poster(tighttighttightyea) on reddit did an analysis of perceived avg cost price for etf buyers, and its sitting around avg 56.5k. Here is the link.
https://docs.google.com/spreadsheets/d/1JZgh5gi9gM3sr1mjoT6Fv9oeESra81TrNtVW__uX8H4/edit?usp=sharingThe etf buyers can't really use 200 wma for comfort so what are they using?