Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by EFS (1)
still hodl-ing. 3 or 4 bitcoin years left.
i was thinking that if there is something that we know will happen eventually, no matter how difficult the process is, we cannot give up on it.
bitcoin will make it eventually. confidence in the process. HODL
You just don't get it.i was thinking that if there is something that we know will happen eventually, no matter how difficult the process is, we cannot give up on it.
bitcoin will make it eventually. confidence in the process. HODL
edit;
i'm just saying that everyone here who has been in bitcoin for a long time has had some regrets, because bitcoin has always managed to do better. even if they bought it a long time ago, they sold most of your bitcoins with a small profit or maybe even a loss, and now they regret it. bitcoin always makes those who don't believe in it regret it.
Fair enough if you believe that you have learned from the mistakes of others, yet it remains questionable if you have gotten the correct lesson out of the deal.
and i'm not going to make the same mistake. i'm thinking of just saving for at least a couple of years. maybe longer if i still have faith when that time comes, but right now my final target might be around 2030. i think it will have completed most of its development by then.
Since others bought and sold bitcoin within a cycle, you oare going to be smarter by investing for more than a whole cycle, such as 5-6 years, and then you are going to sell.
That sounds very smart.
NOT.
It can take many folks 4-10 years or longer to build up an investment portfolio, whether we are talking about bitcoin or any other investment portfolio.
Either you are going to buy and then sell during this time, or maybe you are front loading into your bitcoin investment, yet you are still treating the whole situation as if you were doing a relatively longer term trade, yet even with bitcoin I doubt that you are going to really get the compounding effects.
There are some truths that bitcoin likely pumps more in the beginning as compared with later, yet I dubt that it is easy to figure out the extent to which bitcoin might have had reached some kind of an adoption peak, especially your assertion that bitcoin will have had accomplished its adoption curve in more or less 21 years. 16 years behind us and then in the next 5 years, bitcoin will have had become mature, in your opinion. Seems like a bit of a weak presumption about bitcoin fundamentals.
It would really be crazy an OG of the Wall to mindrust at these prices
It would not need to be an OG to panic in order to count. I would think that if we did some kind of a quick 20% or more (maybe into the mid-$60ks) further dip from here, there might be some guys panicking.
If we were to do another 30% or more drop from here (maybe into the mid-$50ks), it would cause some additional loss of confidence in regards to whether we might still be in a bull market.
If such mid-$50ks were not a quickie dip, I might lose some confidence about our continuing to be in a bull market in either of those scenarios, since to me, it seems a bit much to be continuing to dip... yet even in either scenario of 20% plus from here, or 30% plus from here, I still would not end up selling any BTC (outside of any normal sales that I would have).
Right now, I have buy orders down to $27k, but I cannot imagine, even in the worser case scenarios, anything lower than $40k being filled.. .. but yeah, it seems to always be the case that we have to be prepared financially and psychologically for scenarios that we consider to be quite outrageous.
C'mon somebody here has to finally mindrust, so we can continue to go up 
Reported inflation slowly decreasing to the 1.x area, Powell could loosen up the rates again, which would probably help a bit?
Someone needs to take one for the team Reported inflation slowly decreasing to the 1.x area, Powell could loosen up the rates again, which would probably help a bit?
You first.
@rektcapital
This current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary
After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%)
Not only that, but we've seen deeper pullbacks in previous cycles
Major 2021 corrections: -31%, -55%, -25%
Major 2017 corrections: -34%, -34%, -38%, -40%, -29%
https://x.com/rektcapital/status/1901660510069645603
Please let this correction be eaten back up soon 🙏🏻
Yes OK, but the main difference with 2017, and to a more nuanced extent in 2021, is that we had HUGE multiples before these corrections... This current pullback (-29%) is one of the deeper retraces in the cycle but it's not extraordinary
After all, we've seen a deeper retrace in the immediate Post-Halving period (-32%)
Not only that, but we've seen deeper pullbacks in previous cycles
Major 2021 corrections: -31%, -55%, -25%
Major 2017 corrections: -34%, -34%, -38%, -40%, -29%
https://x.com/rektcapital/status/1901660510069645603
Please let this correction be eaten back up soon 🙏🏻
No "ants" uptrend.
We simply have (until proven otherwise in the future) diminishing returns while maintaining the same percentage drops
Our recent $69k to $109k in 2.5-ish months was not a bad uptrend, deserving of some grand correction, which apparently, we are currently doing (or we have already done, perhaps?)..