I understand that mindset, especially when you consider yourself to be in a BTC accumulation phase, which I understand could last for a very long time, especially, if you feel that you have not acquired a lot of BTC in order to achieve your personal goals/targets.

So, based on what you are saying, you bought some BTC in the $17k price arena, and is it fair for me to assume that you have bought some more BTC below $17k (like for example at some price points between $3122 and $17k)?

If you bought at $17k, and you have not bought anymore BTC because you are waiting for the BTC price to go lower, then that would be a very interesting situation that I have heard about in theory, but I have never seen any case in which someone has asserted that something like that is their actual situation - noting that we are in about a 80% BTC price correction arena, currently.

Fair enough... Thanks for disclosing.

You may be in a position that is kind of similar to where I was during 2014/2015?  Perhaps?  Except, I never would talk the price down. At least, I don't recall doing that.  I do understand that there remain quite a few bear scenarios out there, so it is understandable that sometimes pessimism or overly conservative thinking can build up (and I am definitely guilty of that).

Anyhow, I bought my first BTC in late 2013 at $1,200, and I bought all the way down to the bottom at the end of 2014 (in the $180 arena).  I was kind of running out of money in late 2014, but I kept buying with whatever extra cash that I had in order to keep bringing down my average cost per BTC.  Therefore, I did NOT feel that I had to wait until $1,200 to begin to sell small amounts of my BTC, especially a fraction of those BTC that I acquired in the sub-$300 arena (once the price started to go up, and of course with BTC it does not just go up, it goes up and down).  

Of course, you have to tailor any kind of BTC buy, sell and HODL plan to your own finances, other investments, view of bitcoin, risk tolerance, timeline etc... but I would be worried about any plan that only involves holding until $20k, but that might just be me and my current way of thinking about the whole bitcoin situation including strategies to lower personal cost(s) per BTC and provide some downside insurance/protections.

Don't overplay your hand with your presumptions (and wishes) of all of the supposed recent BTC acquisitions willing to give up their coins.... If the momentum is starting to look like it is going up, then that causes more folks to want to keep holding and maybe even buy a bit more on dips... The bearwhales start to run out of coins because they cannot get the price to go down sufficiently enough to scare peeps into selling and scare peeps into thinking that the price is going to continue to go down and the bottom is NOT "in". 

It can be a slow and grueling process to change the momentum, and grinding UP can begin to change perceptions and more peeps buying on dips than are willing to sell.  So, hopefully, shasan, you don't get too rekt in your short (or your hope to buy coins in the sub $3,700s because we might not return there ever again).  Sucks to be you.       

There is some actual discussion of negative interest rates spreading to retail level in the US of A (Max Keiser discussed this about a week ago in his show), so there are those kinds of negative and possible oppressive practices that might come into place to further fuck over regular peeps, too.

Who knows what is going to happen exactly?  A few hours ago, when the price went up to $4,021(on Stamp of course), I saw that there were close to 400 coins that were immediately dumped to drive the price back down to $4k, and several of those coins were dropped at the $4,021 top.  So, someone did NOT like the UP momentum, and there is still a question whether they will actually run out of coins to dump and/or other HODLers willing to give up their coins at these prices.

Would be nice to get above $4,200 (which seems reasonably probable) and to never return below that (could be wishful thinking, at this point).

I was referring to you as one of the previously unknown whales.

Yikes!!!

But is that chart telling "us" anything meaningful about BTC's price future  (besides the long-term UP that "we" already presume)? 

Oh?  My surprise.

I did not realize that I was in whale territory, interacting with possible whales.

They (MTGOX) don't even have a disbursement schedule yet.  According to one of the latest articles, they are going to disclose possible disbursement schedule on April 26.  So there might even be a question if there will be a disbursement schedule by that date.

Trading view has monthly...

https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD#

Who knows these days?  You have to be an expert to figure that out, or take the ring to the pawn shop and see how much they will give you for it.  Problem is that if you pay her for the ring, then she is gone by the time you find out from the pawn shop that they are not going to give you anything for it.

 

I understand that it is not a stretch of imagination that we might stay in these prices quite a bit longer.  I just wanted to give d_eddie a rough time in terms of his wanting to hold back the train/rocket just for his mere .2BTC.. all 17million BTC have to wait for his .2BTC.. hahahahaha.  


Would be nice.  Then d_eddie may have to pay more than $1k for his next .2 BTC.. rather than getting them at a sub-$4k bargain price.  

Yeah, right.  We are just going to hang around here for a couple more months in order that you can buy another .2BTC.  ok....

We have Lions, tigers and bears, here.



Oh my!

Yes.  I understand, you are presenting this information for the good of WO participants.  Thank you for that.  Accordingly, it seems clear that you don't need to explain any further why you cited a tweet of an article that failed to distinguish bitcoin from crypto currencies, and you are feeling self-righteous about that.  You go girl.

In this thread, we appreciate that kind of foggy presentation of bitcoin/crypto or whatever information.  

In other words, it is very enlightening for you to have already pointed out that bitcoin is not necessarily distinguishable from crypto and hardly has any reason for being distinguished from crypto, because "crypto" is so important in the whole life and meaning of bitcoin these days.

I even heard that Infofront was considering changing the name of this thread to crypto observer, because participants here are starting to be unable to attempt to focus on bitcoin anymore.. Therefore, may as well just go with the flow, not fight the trend and engage in the same kind of fuzzy thinking here too.  

Sucks to be a subsumed bitcoin, these days, no?  

It's already there.

You go back to the beginning and add the red part from the beginning onto the blue part on the end.  Viola!!!!

This is not "the twitter account."  In other words, shouldn't posters take some kind of responsibility for ideas that they post?  Analysis anyone?

You seem a lot less pessimistic of ICOs than many others here, especially giving a 20% "not a scam" assessment to the top 100 (and maybe they deserve 1% not a scam rating at best?), and as an elephant in the room, you did not really describe some of the issues that ICOs have when they raise a whole hell of a lot of money up front (likely way more than they need) when they would not likely have been able to raise even close to a fraction of such amounts through traditional means (that is a significant reason why they did ICO in the first place which is a means to get unintelligent investors on board).  Once they raise their initial money, then it is questionable whether they will carry on with their vaporware (and frequently vague ass) promises because they already made a killing up front (where is the incentive to deliver, even if (WHICH IS A BIG ASS "IF") they initially had good motives?).

A side hobby.

Those charts might line up, but fundamentally, the comparison seems really dumb.

Gold is many thousands of years old and bitcoin is just 10 years old.

Bitcoin is likely in an s-curve exponential adoption phase, and if anything gold might be losing some of its steam, and even if gold is not losing it's steam because folks are attempting to rethink ways to use gold or to use it in digitally backed ways, gold is much more of a mature market as compared with bitcoin... so just because their charts match up during a certain juxtaposed time period, seem like a kind of coincidence more than anything.