My take is as long as we don't break new lows, we're still ok. Below $88, even a little, and we're fucked
No, we are not fucked. We are cool. The cheaper the coins are, the more you can buy.
Obviously you need a handful of fiat for that. I have it prepared, do you?
I bought my stack at $10. Have fun with your fiat
Your average entry price could be $5 (or $3!) instead of $10 if you had sold and re-bought cheaper. My first bitcoins were also bought at $10ish and while I'm 90% out ATM, if I'd bought back now I would have 50% more of what I had initially, which is a "win" in my book, because I play this game to be able to buy as many BTC I can with my limited fiat. What I mean is that nobody is "fucked", the market is just doing what is expected to be doing after a bubble inflation (going down), fighting the market and just hold forever is cool if you do not give a f*ck about the short&mid term price... But then you are not "fucked", who cares about breaking $88 if you look at the long term?,
If you are looking to actively increase your profits/BTC stash by trading the only sound strategy in this scenario (bear market, bubble deflation, etc.) is to sell and buy cheaper.
Right OK I see where you're coming from.
First of all I was venturing a "what if" opinion...I am still unsure we will break below 88. If i knew that as a certainty...I would be selling my coins. I've got 20% of my stash primed for selling if I have some certainty we are in danger of breaching $88.We differ in that you think we're definitely headed there.
Of course, based on the premise that the price is going down..it would make sense to sell first and collect cheaper coins later.
My opinion is that, for now at least, it is not reasonably certain that we are at that point yet
If we do break below 88 though, we are fucked....meaning next support will be at $79, and possible $50 if we break through that. That fits my definition of fucked...of course you may hold a different opinion
Your opinion is noted.
