Vegeta is back guys
... shall we play a game?
To play a game you must have some bitcoins and you have not for you've already sold yours in anticipation of lower price.
Did that happen in regards to Marcus? How do you know becoin? I really doubt that marcus would sell a large portion of his BTC stash preparing for down, even though I would NOT presume that he did not sell some.
I am sure that some regular members, here, sold higher amounts of Bitcoin than they would like to admit in the thread because they realize that they might have been gambling a bit much in regards to the level of down that they were anticipating that in the end might not happen.
I doubt that Marcus went full fiat, but I would not put it past any member here to have made the mistake of overly preparing for down... meaning selling more in preparation for down and causing themselves to be inadequately prepared for UP (and the UP that we ended up experiencing in recent weeks).
Around March 23-24-ish, I made a decision to sell slightly more BTC in the $7k to $8,500 price range in order to be better prepared for the possibility of going below $3k.
Here is a link to a post in which I describe some of my contemplations in that regard. I probably have a few more subsequent posts that were related to the topic that came after this linked referenced post.In essence, my recollection is that at that time, I felt that I was inadequately prepared for the possibility of sub $3k prices, and even the drop from $7,200-ish to $3,850 on March12 caused me to buy a bit less bitcoins in the $4ks because I was somewhat hoarding some of my cash and really did not feel that I had much of any cash left in the event that BTC were to go sub $3k. So, ultimately, after some thought between March 12 and March 23-ish, I considered meaningful adjustments, and I executed on that decision by tweaking my buy/sell orders.
After March 23/24, the BTC price mostly did not correct (so far), and so I ended up selling a bit more than I otherwise would have. Of course, if the BTC price had gone down, after that date, then the flow of fiat and BTC in my portfolio would have played out a bit differently, yet I do not regret my decision, at all.
I implemented incremental increases in my BTC sales, so instead of buying back more BTC than I sold (that I had been doing since about mid-2019 - and likely previous to that, too), I was selling a little bit BTC more than I bought back in the $7k to $8,500 price range, and which largely meant that part of any fiat proceeds from sales that were made from those BTC sales in that $7k to $8,500 price range were allocated towards buy back in the lower $3ks, which would thereby free up some fiat that I have off-exchanges that could be dedicated to the possibility of BTC prices going below $3k, which I was thinking that would largely be assigned between $2k and $3k, but maybe I would spread it down a bit more, and then likely I would run out of money that I would be willing to dedicate to further BTC sales, unless the BTC price remained in those lower price ranges, then new cash flow could be used for old school regular DCA-ing.
Anyhow, it is seeming quite likely that my preparations might have been for naught, but I do not feel bad about it at all. In the end, it is only a few percentage of what I would have otherwise done, and all of that provides a kind of just in case the shit hits the fan, insurance.
By the way, after going above $8,500 in the past few days, it seems to me that my buy/sell BTC orders have largely reverted back to a situation of what they had been prior to my March 23/24 "emergency" tweakenings of my plan and my attempt to execute upon those tweakenings based on the subsequent BTC price movements, which we saw ended up largely playing out to the upside after that "emergency"
(somewhat) change of plans/past practices.
Poll
