Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Now with you, promise444c5, you only have a couple of years registered on the forum, so there would likely be much more value in regards to buying regularly (such as weekly) and/or sure if you had front loaded your bitcoin investment that would have had been good too, yet neither of those are really helped too much in regards to trying to figure out when dips might or might not happen and holding back value for buying dips rather than just buying regularly, consistently, persistently, ongoingly and perhaps aggressively... so in that regard our current prices are nothing special as compared if you had already been putting your all into bitcoin prior to mid-July, we are largely just back to prices where we were in around early July.
Most/all of my forum earning goes into DCA but I do get dips from time to time if it hit some target for me.. even if the DCA covers the dip.Sure, early july was just about 105k~110k before we had the major pump that blasted us to 123k ATH , we are still very much at that point.. my mind keeps telling me it’s creating a trap for the greedy bears.
In the olden days almost all of the signature campaigns paid in bitcoin, and it seems that these days it might be mixed, yet I suppose whether we are earning in bitcoin or converting our signature campaign into bitcoin, it can surely start to add up, and i will agree that there could be some dynamics that are different if getting paid in bitcoin versus getting paid in dollars (or some other dollar equivalent), yet the calculation is still about how much discretionary income a person has so that he is able to afford to fold all of his signature campaign funds into bitcoin because all of that is extra money that goes beyond his monthly expenses.
Surely I have frequently proclaimed that anyone who is either in their bitcoin accumulation phase or perhaps fairly early to bitcoin then they are likely better off to be buying every week so then they likely would catch dips, and sometimes they can play around and try to catch more dip by manually making their BTC buys.. yet of course, trying to time the dip within the week runs the risk of the BTC price going up rather than down, and so frequently it can be difficult to guestimate what is more or less a good price - even though you might be able to see various ups and downs in the previous weeks and conclude what is generally a decent price relatively speaking (without necessarily shooting for perfection, but instead shooting for.. o.k... here it is.. this is good enough.. so for example, if the price had been steady in the $116k price range for several days, then you might just set your buy order for within about 20% of the lower end of the price range, and so this week, you might be upset if you made your buy for $116k and then the BTC price shoots down to $109k... but if the beginning of your buying week is Monday, then maybe you wait until Wednesday to buy,.. but if you had not executed your buy by the time Saturday or Sunday comes, then you are going to have to buy at whatever price since your new week is going to come up on Monday again.. and of course, you can set the beginning of the week at any day that you believe is logical for you (perhaps the day that you receive your pay?).
109k! WTF! What is going on?
Are we going to become poor again?
Are we going to become poor again?
That is the thing.
We can never be sure if the bull run is over.
It would be really hard to believe if we were not to get to something in the ballpark of $180k or more in this cycle.. but we can never really know for sure.
The spot price has been spending a lot of time in that area of like 100% to 150% above the 200-WMA. Surely nothing too exciting in terms of exuberance... or even overexuberance.
It would be nice to get into the greater than 300% to 400% range..meaning that spot price is 300% to 400% or greater higher than the 200-WMA, even if many of us would not even consider that to be very frothy, either.
109k! WTF! What is going on?
Are we going to become poor again?
No sir it's a small dip before a long jump because in September we are going to have new ATH. Are we going to become poor again?
Which could be give good increase into your funds for entering into a million air clubs just matter of time.
I wonder if bitmover might have had been selling too much of his BTC to get into the millionnaire clubs.... since presumptively we would need to be a millionaire to be able to enter.
Another thing is that i personally would not consider BTC spot price to be solid enough in regards to proclaiming millionaire status. It is too much all over the place, and how could any true bitcoiner believe that he is going to cash out BTC in order to be at millionaire status.. It is better to keep our wealth in bitcoin rather than selling some or all of our BTC merely for getting to millionaire status in terms of BTC's spot prices.
9-ish bitcoin's right now for entry level spot price millionaire status, yet when we hit $124.5k, only 8 BTC were needed.
The income from millionaire status is likely more important, including that $2 million is the new million... which is an $80k per year income that comes from $2 millionaire status rather than a $40k per year income that would come from single millionaire status.