Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I would seriously appreciate the bottom, need to take my life back. Please.
I hear ya. Is it just me or has anyone else been delaying things until BTC decides to go up in price again?
It is a bit painful. We are perhaps a little "overinvested" right now. Sure, we can sell coins right now (not even at a loss of what we paid originally) but it is a horrible time to sell, so we wait, and wait and wait.
In the mean time, we could really use a new couch, new carpet, have a zero percent credit card that we are just delaying paying because we don't really want to sell coins and then Christmas is just around the corner. The kids really want a nice Christmas.
Hopefully we are at least back to $600 by then? I can hope anyways. Do you have a plan in case bitcoin goes below $275 and stays lower for several months or even 1-2 years?
This kind of thinking of delaying and being overinvested in bitcoin is going to lead to a massive panic dump like the good old times if we go below $275. Dunno if it will break, but be careful.
Well, the good news is that even if we sell at $275, that is above our entry point. So the plan is sell only when totally necessary!
The question is more about what is deemed "necessary." If we have to sell a substantial amount we could and will but we won't need to for several more months (could delay it even longer if we take advantage of more zero percent interest credit but that is a game that I really don't like playing too much.) I think part of me feels like it is a game of who can wait the longest. There are people trying to shake out the weak hands and I don't want to be the "weak hands" being shaken out! Hodl on! 