Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 05/03/2025, 15:29:02 UTC
⭐ Merited by vapourminer (1) ,LFC_Bitcoin (1)
Not going to lie, falling from $109,000 to $78,000 was rather unsettling, for me at least. I know we’ve HODLED through similar and even worse corrections in previous bull markets, percentage wise. But for me, it feels a lot worse when you’re watching your net worth dump by so much money. The money involved now is so much more than it was when our coins were losing $40 each per day or something at the same % dip as we saw from $109,000 to $78,000.

Percentage is the  same, and even smaller.

Yeah sure you let your amounts grow, and so if the "percentage drops" are bothering you, then you likely need to be selling more on the way up so that you are not so bothered by it (seemingly overallocated or over-invested in accordance with your own in ability to tolerate that changes.. even I think volatility levels that are not even as high (so far) as they had been in years past).

I am hopeful that we don’t go below $80,000 again in this bull run now. As some have said already, March 7th could be just what we need to catapult us towards the next big leg up. As Trump’s Commerce Secretary Howard Lutnick said -

“The President definitely thinks that there’s a Bitcoin strategic reserve,” Secretary Lutnick told The Pavlovic Today. “Now there will be the question of, how do we handle the other cryptocurrencies? And I think the model is going to be announced on Friday when we do that.”

“A Bitcoin strategic reserve is something the President’s interested in. He spoke about it all during the campaign trail, and I think you’re going to see it executed on Friday,” Lutnick said.

“So Bitcoin is one thing, and then the other currencies, the other crypto tokens, I think, will be treated differently—positively, but differently,” he added.

https://thepavlovictoday.com/howard-lutnick-reveals-trump-to-unveil-bitcoin-reserve-strategy-at-white-house-crypto-summit/


Let’s get ready for fireworks, thie bull party is about to start. Strap in boys, it’s going to be a ride you won’t forget.

I think that the BTC price is also more inclined for up rather than down, but I am not putting my faith in diptwat politicians to pump my bags.. That would be retarded (or at least close to retarded).  We should not be counting on politicians to do the right thing, even if you consider them to be seeming to be on your side in other ways, politically.

Not going to lie, falling from $109,000 to $78,000 was rather unsettling, for me at least. I know we’ve HODLED through similar and even worse corrections in previous bull markets, percentage wise. But for me, it feels a lot worse when you’re watching your net worth dump by so much money. The money involved now is so much more than it was when our coins were losing $40 each per day or something at the same % dip as we saw from $109,000 to $78,000.
Exactly this! Seeing your net worth (FIAT-wise) decrease drastically feels the worst this cycle. But don't forget 1BTC=1BTC. 
I get 1Btc=1Btc
But do you really stare at the exchange and feel great that your Bank account suddenly increases in terms of BTC or do you mostly look at the exchange and hallucinate a net worth? A little of both perhaps?

Also regarding to your previous post - is there such a thing as propaganda free media - besides the bitcoin network itself?

Each of us should have the capacity to look at our various allocations that add up to our networth and consider from time to time if we might need to reallocate, or to convert what is "on paper" into some other kind of a form.  Some of us have grown a lot more tolerant of just letting the BTC value fluctuate a lot in terms of its dollar value without getting too worked up about it, yet I think that our abilities to not get too worked up about the fluctuation in our BTC value is because we cash out some portion of it from time to time, and  so we do not necessarily have all of our value in one basket.

I personally think that it is better to be somewhat vigilant of the valuations and to reallocate from time to time rather than getting overly worked up about it.  yeah, sure it  bothers me too when there are BIG drops, but I still cash out  small amounts - somewhere in the ballpark of 2% to 5% for each doubling, so that I am not as bothered by the volatility... and so therefore I have attempted to build in a bit of a buffer that is not 100% foolproof, but the buffer still mitigates  some of the temptations to have extreme emotions on the inevitability of bitcoin's price volatility.  One of the most guaranteed aspects of bitcoin is that it is going to be volatile, and  we cannot really know the short term direction, and since we should know that bitcoin's prices are nearly inevitably volatile, then it seem to make sense to take some precautionary measures to deal with those inevitable dynamics, and the measure end up playing out to be both financial and psychological in their effects.