Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by promise444c5 (1)
Hopefully this makes sense coming from a seasoned investor with decades of experience... 
From now on when I see posts from BTCETFInvestor, I will need to consider, “ oh? There must be some validity in that, since he’s “seasoned investor with decades of experience.”I am thinking that my post would have had lost some of its effectiveness if I had said "self-proclaimed seasoned investor with decades of experience."
There seems to be some value in using the proclaimers own words.
https://x.com/BitcoinMagazine/status/1973805906719588462
This huge difference in Bitcoin price really continues to raise expectations for investors and in most cases exceeds expectations. On 02 October 2024, Bitcoin was worth around $60k and exactly a year later in the same month it was worth $120k.
Bitcoin price on 02 October 2023, being around $28k. This periodic rise and becoming a store of value means that Bitcoin could potentially reach $1 million in the future.
Source: https://www.tradingview.com/symbols/BTCUSD/?timeframe=60M
We’re about to witness another historical run, soon we’ll break the ATH. I was here last uptober but I didn’t know much, I was on the sidelines but I’m happy to be in the game now.
I am glad that you are in the game too, IceLincoln. It tends to take a long time to build up a bitcoin portfolio.
That leaves me with the conclusion that 150k is a good point to sell if you expect to buy back lower..
I'm terrible at timing the market, so I gave up a long time ago.There is no need to try to time the market, which is why, once you reached enough accumulation of BTC, then you could shave off up to 10% of your BTC stash every time the BTC price doubles or some interval that you determine to be more reasonable.. such at 2.5% every time the price goes up 25%. Then you are not really timing. You are just letting the market do what it is going to do.
Sure, if you have not gotten to overaccumulation status, then it might not make sense to be selling any BTC, since the BTC price might not go back down after the selling had taken place.
If 10% for every doubling seem to much, then surely some guys will be more than content with shaving off 5% for every doubling or various increments along the way.. which might be 1% every time the price goes up 20%.
[edited out]
My BTC "Hoard" is 10x the of what it was at he low of 2020....just saying.....as a caution (IMHO) however is that Institutions or those who HODL and move BTC/Crypto for others and take a fee....will never really HODL long term...with maybe the exception of Strategy....all those fees....all those bonus....all that looking good for managment for moving/shaking and stirring all that btc/crypto....so if it comes between them looking like they are smarter and make their bonus or selling early rather then HODLIf you ONLY held your BTC from the bottom of the BTC price in March 2020 until now, then your BTC spot price value right now should be in the ballpark of 32X profits since the BTC price right now (as I type) is $123k, and in March 2020, BTC prices had gotten down to $3,800.
By the way, the 200-WMA on March 12, 2020 was $5,492, and today it is $53,252, so that is right around 10x... .. and the 200-WMA s a better tool for measuring value, anyhow.