Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The way I look at Bitcoin, it's dropping most of the time. If I'd have accurate historic data I'd do the math, but if I'd have to take a guess, it feels like it's dropping 90% of the time. But when it goes up, it goes up much faster than it went down.
The hourly or minute data could show otherwise.It seems to me that even if the actual data does not support what we thought it would, the practice of always making sure that we are prepared for UP is still a better practice, since the trend is still up and there are some ways of looking at the data in broader swaths that might be weekly that may also end up suggesting that there are short periods of time that bitcoin goes spurting up and then it never really returns back to its prior spurting up levels.
Surely it is hard to deny that the overall trend has been up.. but yeah I am also surprised what DirtyKeyboard got from the actual data, and maybe many of us want to tell him to stop actually giving us actual facts because the story of mostly down with a few ups make more sense in the scheme of so many normies getting locked into losing trading strategies, or failing/refusing to buy enough bitcoin to prepare for up when it ends up happening and/or selling too much bitcoin too soon.
Maybe the facts do not change the story that needs to be told, even though surely it does not seem to be correct to be telling stories that are factually untrue, even though the stories can frequently attempt to motivate folks - not to trade and to front load your bitcoin investment as best as you are able to accomplish without overdoing it.
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However that's exactly my barrier I put up before I even talk to them about dee cornz.
And also I never tell them to buy. Rather the opposite. I tell them who hard and painful it is to hodl through bear markets etc. I tell them they should view the invested money as lost. lol
Almost everyone accepts the challenge.
Maybe if it sounds too good to be true people won't believe it..?
You claim to have a relatively high conversion rate? So you have a decently large number of folks who actually invest into bitcoin and are able to stay in bitcoin for at least a whole cycle after talking with you?
Not one I still have contact to sold. However, only half of them are through more than one cycle.
Some points
I
...let people come and ask, I never go out and talk about the topic unasked, or worse try to convince anyone (I could never live with the responsibility when sth goes wrong)
...try to answer all their question to my best knowledge. That takes time and energy that you won't get back!
...separate my experience from theirs "Yes it went well in my case, but that doesn't mean it will be like that for you in the future"
...tell them all about the hard shit I went through by hodling. The negative info must be predominant! (That's also to secure your ass, so that they don't come back at you when price goes down.)
...never advertise the good stuff about BTC too much. They will find out themselves when they ask you their questions
They must understand that's not a get rich quick scheme (that's what most come for in the first place) but a long-term play, and that hodling BTC will cause a lot of pain...
Maybe you just have some kind of a natural in-person charm that causes normies to commit, since I cannot see anything that you do that is much different (or materially different) from what other guys seem to be doing - even though sure some guys might sell bitcoin as a get rich quick system, but that is probably not really any kind of a regular situation that guys are doing those kinds of things.
That does look familiar.
and the US crisis can certainly trigger this:
X:https://x.com/Vivek4real_/status/1962964166643191839
On the other hand, we know very well that BTC is the best asset in the world, If it's going down, it doesn't hurt to buy cheaper and keep accumulating.
X:https://x.com/Vivek4real_/status/1962964166643191839
On the other hand, we know very well that BTC is the best asset in the world, If it's going down, it doesn't hurt to buy cheaper and keep accumulating.
I recall years ago looking up Max Keisers alleged networth, and many websites were saying $5 million blah blah.. Now he is a billionaire? Could be, since he could have had bought 10s of thousands of bitcoin and still only ended up with a few thousand and still end up being close to a billionaire... though even with today's prices, a person would still need to have around 9k bitcoin or more to be a billionaire.. I suppose it is possible.
One of the advantages of anyone getting bitcoin for under $1 would have had been the ability to accumulate a lot for very little and even if he shaved off profits along the way, he still might have had retained a lot of coins.
Even though I am going down such imaginary path, it is probably not too healthy to be doing so.. especially since it can be difficult to imagine.. yet there are surely some folks with those kinds of starting out paths, yet so many were not able to hang onto a whole hell of a lot of coins.. so even if we might imagine a person who might have had a million or maybe a few million of wealth, then it is not far fetched to consider that they might throw something like $100k into various investments.. Perhaps... so they could have had still sold quite a few coins along the way and still have a lot of coins many years later.