I doubt that it is very healthy or even productive for your own bitcoin accumulation / holding strategy to try to figure out the whys for short-term BTC price moves / dynamics.

Traders try to figure out those kinds of things, and an overwhelming majority of traders are not going to beat the investors who consistently just build their bitcoin investment through ongoing and persistent buying of bitcoin.

If we think about bitcoin fundamentally, it is a paradigm shifting way to hold and transfer value that is world-changing (disruptive) to status quo money/value and debt systems, so in that regard, many of us know that its price trajectory is likely to ultimately be up, unless it can be broken.. so bitcoin is ongoingly being attacked and tested in terms of its limits and/or its vulnerabilities, and even those who are investing into building financial systems on bitcoin are likely simultaneously testing its limits, including getting governments involved and institutions and forcing certain questions.

Accordingly, there are so many things going on with bitcoin (including various likely fractional reserve type plays that could blow up in the face of any entity and/or government playing around with bitcoin in those kinds of ways) that causes difficulties to determine its short-term price directions, even though the ongoing strength of bitcoin's investment thesis is not being undermined in any meaningful and/or serious way.

We cannot even really know if we can believe information and/or theories that are presented to us about what might be going on with actual bitcoin and/or what various entities might be doing with their bitcoin behind the scenes, so in various senses, we still have to figure out our own approach based on our own senses regarding what is more likely and/or what is less likely, so there has almost always been a justification to attempt to ongoingly accumulate bitcoin and perhaps to front load our investments into bitcoin during our earlier times in bitcoin.

I know from your own history that you have likely been historically holding back in regards to your bitcoin investment, even including times that we discussed getting into bitcoin when it was in the mid $50k and I think that I had some interactions with you when BTC prices were even lower than that where it seemed to me that you were holding back with your bitcoin investment and hoping to figure out some bitcoin dip prices in order to stock up on your coins.. and I imagine you are ongoingly doing the same thing, even though you have already been burnt several times by having such perspective and such an approach to bitcoin investment / accumulation.

So now, even though there are chances that $100k could be tested, it likely does not even have much greater than 50/50 odds of being tested (if it is that high?), yet guys still attempt to either base their bitcoin accumulation plans on scenarios with such uncertain odds..  Another thing is that it is getting into bettable territories that sub $80k-ish bitcoin prices will never be seen again.. yet even the fact that sub $80k and even sub $100k BTC prices are possible, it likely is not productive for low coiners to be curtailing their bitcoin accumulation strategies to attempt to buy at those kinds of prices, if they were to occur.

Surely if a guy might have had been able to invest 1-ish years of his income into bitcoin in the last several years, then he might be in a position to be waiting for dips rather than just ongoingly buying bitcoin regularly.  Accordingly, I consider bitcoin to be an investment rather than a trade, so if you keep accumulating until you have enough, then you still might have a whole cycle before you might start to sell any of your bitcoin, yet there could be various ways to think about being in overaccumulation status that might justify both price-based sustainable withdrawal and/or waiting to buy on dips rather than ongoingly buying.  (or course, I talk about price-based sustainable withdrawal in my sustainable withdrawal thread).

I guess part of my point is that each of us has to continue to go with where we are right now, and we are never really going to be able to figure out short-term BTC price directions, so we likely have to spend a considerable amount of time building our bitcoin holdings no matter the BTC prices, and even if we start to get close to having enough or more than enough BTC, we likely still have to be careful in regards to our really arriving at such conclusion that justifies our attempting to accumulate through some price based practices rather than just continuing to ongoingly buy bitcoin as our money is coming in, since i am going to presume that an overwhelming number of normies do not tend to have lump sums coming to them on regular bases and/or they do not have other investments that they are ready/willing and/or able to draw upon in order to invest that into bitcoin, so in that regard, they just are better off to just continue to accumulate bitcoin, rather than employing waiting strategies that may not really be helpful to their need to continue to build up their bitcoin stash without getting overly focused on price dips that might not end up happening.  


Congrats.  I see that you were able to go back and downwardly adjust your image size, which surely other members appreciate when images are reasonably sized, since even when I first saw your image that had a height of more than 1,400 pixels, it was causing distortions that made it very hard to look at the image, but yeah, now after your resize that image, for me (when I view it on my computer - I did not try looking at it on my phone) it no longer has the earlier image distortions.


Hopefully guys think about bitcoin as a long term investment of 4-10 years or more rather than a trade, so yeah, it can take a long time to build up an investment, even longer than a whole cycle or two.. So I doubt it is guys to be selling their bitcoin unless they have already been in bitcoin for at least more than a whole cycle... and even then, each of us needs to be careful about selling BTC too much too soon, since bitcoin is likely ongoingly going to continue to be amongst the best of investments (if not the best investment) for an  overwhelming majority of folks around the world, even though so many normies still are failing/refusing to figure it out and start to buy it.


Pump up those numbers.  Those are rookie (whimpy) numbers.  If you cannot get up to 100 pushups per day in any kind of meaningful way, then try to work up to it by doing 3-5 sets of 6 or more pushups per set, so even if you end up doing the minimum of 3 sets of 6 pushups, that would be 18 pushups per day, and if you are able to do 5 sets then that would be 30 pushups per day, and you can work your way up to 100 pushups per day at your own pace.  Of course, based on your own situation, it could take a while to get to 100 per day, and we have some guys here who are taking quite a bit  of time at certain levels before moving up to higher levels, so yeah, none of us know your situation as well as you, so you need to figure out what might be an appropriate balance for you and your own individual circumstances.