^Agreed.
This "stability" is nerve wrecking btw.
You must be so relieved, though, bitserve.
Remember the good ole days when you were so capitulating-inclined (like last year around this time, and might have already started in September or October of 2018?... I am too lazy to look it up).
I get the sense that your spirits are UP, even if you might be reluctant to admit it.
Not reluctant at all. IIRC I was relieved "enough" when BTC climbed over $5K (not only because of the price, but the strenght and dynamics of the bounce) which is when I removed my "capitulation" status.
Yep.. That bounce from April to June was quite lovely, and really should have demonstrated the powers of
BTC. Even if the price corrects all the way back down to the bouncing off level, there remains significant meaning in BTC price moves like that - even if there were some aspects of manipulation contained therein, too.
Just like a lot of misinformation in bitcoin, there are quite a few folks who still want to frame the April to June price rise as either insignificantly important or even as a negative. Sure, not going to stop those kinds of selective renditions, and in that regard, each of us have to come to our own conclusions regarding events like that and the significance of such events like that.
Oh, and by the way, another lovely aspect of the April to June Bitcoin price rise was that it largely served as a shitcoin purging event. Surely some of the shitcoins had gotten some of their value back, but the whole situation demonstrated an alternative means to purge a few more snot-nosed 14 year olds out of their delusions regarding the power of fundamentals contained in king daddy.
So yeah, my spirit is somewhat up when it comes to Bitcoin (IRL issues aside). Far from euphoric though... if you ever notice me too much euphoric please remind me to sell some this time (in case I "forget" to do it... again).
Surely hard to get euphoric during a significant correction period, that's for sure.
I understand that you want to be shaken in some kind of way during these outrageous BTC price outbursts to shave a bit of coin off the top, but I think what happens is that somewhere in the middle of the process of BTC's price going up stupendously in a short period of time, euphoria turns into paralysis, and the only folks who are not paralyzed are the no coiners and the sold too early coiners who are proclaiming bubble but shown wrong by the facts (until they aren't, then they are proclaiming I told you so, even though they started calling bubble at $6k, for example).
The HODLers, as you suggest, are also concerned about "this is not going to end well" but their (our) mouths are so gapingly open that we don't know when exactly to hit the sell button (at least to shave off a bit of profits, or repurchasing dry powder).
I am not very happy that, unlike during the 2014-2015 bear market, my BTC count has barely increased this time but I'll have to live with that.
I am probably in a similar boat as you, at least in terms of how many stats I was able to stack up during the past couple of years and considering projections of value including ways in which I have allocated and reallocated my BTC, my fiat related BTC fund and other assets. I just looked at my apparent BTC balance and fiat holdings as of early November 2017 (when the BTC price was about the same as it is now), and gosh I was a bit shocked by some aspects of my own situation. It's almost as if I could frame my whole matter in such a way that would conclude that I have been spinning my wheels the whole time, but I am thinking that some of my own consideration of the matter has to do with my having had way more incentive to stack sats in a building and accumulation kind of way in the earlier days of my BTC investment, which would have been largely what was taking place in 2014/15 as compared to now. Even in late 2017, I was likely transitioning somewhat from accumulation to maintenance - at least in the sense that I was disinclined to inject more new money into BTC rather than just using money that was already in my system of accounting for BTC value (which is fiat that was already dedicated to BTC).
I recall that you had some real life expenses that had reduced your ability to allocate more into BTC, but still doesn't it seem, somewhat, that any of us are going to be a lot less reluctant to inject new money into BTC when our BTC holdings are anywhere in the 2x to 15x profits arena, as compared to when we were either breaking even or that we were in a negative equity situation, which was largely my situation in 2014/15 as compared to current and recent BTC holdings evaluations.
Also I am still fearful that so much expectation from so many people about the halving could not result in the expected outcome
For sure we have to prepare for any scenario, whether up or down, but shit are you really going to NOT be in profits if BTC were merely to perform up to $15k rather than going to $50k or $100k or even to $500k? I would think that you are still quite in profits, even if you might not have become as rich as hoped. In any event, all of us should be considering if we believe that there are some better places to put our money if we believe that the risk / reward and potential for upside might be better than bitcoin, and surely I am NOT really seeing anything, especially something that I can play around incrementally with the level of my investment and not be subject to various aspects of centralization (third party risk of fucking around with aspects of my investment from the inside).
Even investments like gold or real estate might be tangible assets, but their markets are affected by dollar manipulations, and of course, if you want to chose a nice place for yourself to live that might be a good investment for yourself, personally, even if it is not very liquid, it sure the hell is practical if it's price becomes subject to manipulation of money availability and other market dynamics that are not always known.. so maybe in some ways similar to bitcoin, but with differing assessments regarding the fundamentals including considering new market versus traditional market, including information asymmetry, which those of us who have been into bitcoin for a decently long period of time seem to enjoy a lot of the information asymmetry in our favor... and we will likely profit from folks coming in who have no damned clue and are learning a lot of the aspects of bitcoin that we largely already learned along the way of our historically actively investing into it. One thing learning on the sidelines versus being an active BTC HODLer.
and when I see "predictions" for the next 2-5 years like $50K, $100K and over I get nervous. Well, we will see. Whatever it has to be, just let it be. I will just HODL (and try to sell *some* when the time price comes).
Exactly!!!! What else can you do? Of course, you don't want to become overly exuberant and risk too much on something that might not happen, yet there are people suggesting to go 100% in and all that kind of bullshit, and even if we believe that the odds of $50k or $100k or whatever are decently high, the evaluations that come even close to 100% seem to be fantasylandia thinking from my opinion, and even assigning values of 80% or higher seem way too damned high.. but there are likely some guys (and perhaps gal) in this thread who are assessing odds at those kinds of levels.. .. but whatever, it takes all kinds of people to make the world go round, and I have a tendency to believe that if guys (and gal) invest in accordance to their beliefs then the ones with the irrational and stupid ass over-exuberant beliefs are going to get weeded out sooner or later. They might not get weeded out on this particular bet, but if they are overly exuberant in compared to their bitcoin holdings, they are likely engaging in a pattern of behavior that sooner or later is going to cause them to either learn a lesson or to be parted with whatever money they happen to have.
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