Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I thought about selling some, but then could not decide the "why" portion.
Converting btc to fiat feels a bit silly and I am in no need of a bigger house..at least, not yet.
One observation: the market feels a bit neurotic as far as the mood is concerned.
Maybe too much change (on the market and socially) is occurring too fast and the market has difficulty "digesting" the info properly.
Converting btc to fiat feels a bit silly and I am in no need of a bigger house..at least, not yet.
One observation: the market feels a bit neurotic as far as the mood is concerned.
Maybe too much change (on the market and socially) is occurring too fast and the market has difficulty "digesting" the info properly.
Well, it's obvious - buying back later at a lower price. LFC_Bitcoin is my role model here. Apparently, the guy managed to sell near the top and buy back during bear, increasing his stash considerably.
Sure, I get the intent...it is the execution of BOTH trades at a correct time that is difficult to achieve.
Many sold at ATH+20-30% in 2017 only for btc to go up another 15X.
I sold some back then too after listening to one Vinny Lindham about the presumable crash due to the first fork (all my fault, of course).
I had another small sell in 2020 after we recovered to 10K from $3.8K.
The logic back then: we are surely going into a depression as businesses are closing and unemployment is rising...recovery is just a temporary dead cat bounce, allegedly.
Thankfully, on both occasions I sold a little so it is not relevant.