Some bullish action here to cross $8900...
A heavy volume daily over the weekend would really show wall street whos in charge now but its been light since the selloff. I think the battle is going from $8900 all the way to $9200. If we can breach that resistance level its a confirmation for testing 5 figures and a bullish reversal indicator at least for the shorter term.
So, comparing and contrasting war stories is not a bad endeavor, and hopefully our memories can stay somewhat consistent because with the passage of time, sometimes we can begin to remember history differently or even emphasize different aspects of history.
Haha! I am not getting any younger and truth be told I forget shit all the time. My kids are like....Dad!!!! and I have to guilty admit that yes..that was our turn for home and I had forgotten...
Regarding BTC accumulation: It really seems that you accomplished your initial accumulation much faster than me, because my initial accumulation took a year from late 2013 to late 2014.
I am still "accumulating" heh..but in a very regimented manner these days. I do have a small stash I keep in hot wallets to daytard with on occasion...but mostly for academic purposes.
Regarding memory of finding out about bitcoin: A keep searching my memory about this and it is a strange kind of thing that I knew that I recognized the name bitcoin in August to November 2013 time, and maybe even earlier than that. I recall that in about September 2013, I was researching into investments, and BTC was on my list of things to look into, and I never got to it and I ended up investing into various index funds... like mutual funds in October and November 2013. I guess I was still in the investment research mode because around mid-November 2013, I looked into the BTC matter, and kind of kicked myself for my mutual funds investment and thereafter created a supplemental BTC investment plan... anyhow, after the mutual funds had run a year, I did fold that money into BTC at the end of 2014.. so I guess that part worked out in the longer term.
I can remember the first hearing part clear as a bell. A buddy of mine had bought in the runup from $5 to $15...at like $13 I think...and the market crashed. He was sitting there with there huge bags and nowhere to run. I got busy thru the holidays as usual and didnt think about it till that spring. I spoke with my buddy and he was pumped..the price had risen to over $50 at that point..this was middle late March I think in 2012. Well..he convinced me to check out this poker site that only accepted bitcoins. Those facts and the added benefit of having and building high end computers for many years..whelp..that was it for me. After writing this down it has struck me how eerily similiar this must be for the people who bought at the top of 2017. Do the right thing people! Hodl!
I suppose OG status could be understood in various ways.. including hanging out and continuing to post during 2015 WO thread desert land.... hahahahaha ... was pretty lonely around here during those times..
Indeed..perhaps even more so than being early..
Personally, I think that we are still in a bull market as long as we stay above $5k-ish.. even with a quick dip down to $3k.
On the other hand, if prices go below $3k, then the long winter scenario would become the more plausible scenario.
I agree..tho $3k seems extremely bearish...I doubt the spikes would fall that fall even on a hard dump. I have modeled scenarios where we have reached $5k but they never seems to last long term.
Seems to be the more likely scenario.
I think everyone is going to be amazed...again.
I understand what you are saying, and I largely agree; however, it seems better to attempt to describe legacy and crypto as a likely transitional movement, and your punchline conclusion is likely going to be correct about the future - however, legacy is not going down without a fight and could take quite a long period to play out.
For real...JJG...I am of an age where I doubt I will see even the beginning of the end..I console myself with the fact I
have seen the beginning.
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