They are merely representative of rich people who are passionate about accumulating bitcoin....

They might know some things that we do not know, yet I doubt that it is important to try to figure out what they know or they don't know, and surely even if they were not there buying bitcoin or they might say to sell bitcoin, we should not let them influence us.. even though I used them as a current example of persons who seem to be ongoingly passionate in current times to be accumulating bitcoin.

Sure some of us may well be skeptical of rich people, so we might fear that they are selling as we are buying, but that would be reading too much into my statement, since I am largely just asserting that they are currently buying, so implicitly if we are selling then they are buying from us... which is likely good for them, and really I have a lot of doubts about anyone selling in or around $100k, especially if there are thoughts of buying back cheaper. that would be dumb.  But I also get concerned about low coiners and no coiners who fail/refuse to continue to buy bitcoin in these around $100k prices based on their thoughts that BTC prices might go lower, which they may well have the wrong mindset and start to think more like Michael and Larry... and keep getting as many coins as possible within their budgets... and surely folks have limited budgets, so I know that, and I know that it tends to take normies many years to build up their investments, such as 4-10 years  or more, and if they are able to front load their investments, then perhaps they might put themselves into a similar disposition as Michael and Larry who do see to be wanting to continue to want to front-load their investment into bitcoin (even though some of us might conjecture that they have enough), which I doubt it.. I think that each of them are continuing to consider $100k-ish bitcoin to be largely bargain BTC prices.


You labelled ur lil selfie as being a bear... after 2.5 weeks of failing to get another ATH.. quite hilarious, upon reflection.


Sure. I have been using $85k as a price reference point, yet not that I was expecting to reach it.. but just as a point in which some of the folks (are they called weak hands?) selling around $100k might consider buying back, but I had been saying that I tentatively believed that those weak hands would not be rewarded with such satisfaction.. that was my tentative theory around $85k, but I am willing to be flexible as the circumstances change. 

In other words, I am willing to roll with the punches if the facts change, then the assessment might have to change.  I don't usually want to get too caught upon specifics that might change with changes in circumstances and/or changes in momentum..and so yeah, short term predictions can be all over the place, and is not really anything that I tend to do with much greater than 50/50  odds..... so for example if we were to get down close to $90k then $85k would feel more likely as compared to when we have not quite broken $95.6k in our most current local low of today.

Also, I personally bounce around in terms of not really wanting to make short-term predictions beyond 50/50.. and yeah  if we are in a bull market then the leanings towards up is greater than the leaning towards down.

At the same time, I don't mind going on the attack if I get the sense that some members might be posting with what seems to be high levels of certainty, and it is even more compelling to go on the attack if they are talking about us  being in a bear market after us having had an ATH a mere 2.5 weeks ago.


I don't have any explanation.  We get into consolidation periods sometimes.  There was up from the election  date until Trump's swearing in date... and then maybe some stalling around what Trump might do, to the extent that matters within the price dynamics of dee cornz.. yet of course, we likely realize that bitcoin also relies somewhat on liquidity, so if liquidity dries up then there can be affects on bitcoin to the extent that it might be correlated to some of that, and you likely realize that I am not a big fan of correlation, yet if everything  might be crashing (fear around tarrifs etc), then uncertainties come in the market that make it more difficult to rally if everything else is either stagnant or having little crashes.  I doubt that I need any explanation, and yeah whatever, if you want to adjust your feelings about a wannabe bear market into a failure of a bull market then sure whatever, it seems to be a bit of a switch, but you do  sometimes like to get doomie and gloomie in some of your prognostications from time to time.. or to get all negative nancy about dee cornz, so it is not like a new thing to see you going down that road.


We are 6 days into February.