I am out, gonna let this storm pass and hold through. Was thinking to sell and buy back lower. But usually when I sell it goes up. I spent all my money way too early yesterday. So, fuck it. See ya in the next run up. Might be in a week. Might be in 2 months.
Oh Gawd....
Peeps never learn nuttin, it appears.
Buying Selling after an already 25% dip (referring from $53k to $39,573)... or alternatively a 39% dip (referring from $64,895 to $39,573).... Yeah sure, it could go lower, but what should be happening now in terms of what "smart money is doing" is either buying or HODLing in the event that you ran out of cash to buy more BTC.
BTC still respecting the strong support line as indicated with the white horizontal line @40,921.
As long as price continues to respect that "squiggly" white line and doesn't
slip beneath it and close there on the Daily TF, I won't consider Bitcoin to be on a bearish run. These screenshots below are the current status, taken a few minutes ago, for 4hrs and daily.
We (royal that is) have already figured out that your squigglies are quasi-random because they have close to no explanation in regards to their placement.
Go figure...
the spirit of Bitcoin is low these days, the price dump is heavy and people are unsure where this will lead to.
dont worry.
it is at the same place where it was around 30.09.2013.
in about 8 to 12 weeks we will have another great peak in the 200k to 400k area. Sit tight and hodl and look forward for these amazing times to come.
I love believers !
I believe!!
It is the only avenue for me to escape the rat race..
The greatest lottery tickets I will ever get the chance to own..
It’s either going to zero, and I can say “at least I had the balls to try”..
Or I can say “Fuck you” to the system forever..
Eventually..
One way or the other..
Why does your investment into bitcoin have to play out so extreme? I understand satoshi's statement about bitcoin being a binary.. but still.. there seems to be a need for some prudence in the approach that any of us decides to take in terms of how to invest into bitcoin..
Because I have never really “bought” Bitcoin, I have only ever MADE Bitcoin..
Whatever amount of Bitcoin I have ever “bought” was just for play and basically completely meaningless compared to what I have made/accumulated/acquired..
There are a decent number of long term bitcoiners who had considerably under-invested into bitcoin becaue they were worried about their average cost per BTC and failed to commit towards a plan of regular and consistent buying of BTC... hopefully, you did not paint ur lil selfie into such a quandrum.
In my early days I started with $5 of bitcoin when it was around $500 and worked my ass off on exchanges to increase it, along the way maybe I also got into some lucky things..
What I have made is vastly larger than what I could ever hope to buy..
I could never buy now in 10 years of my work/salary savings what I have in Bitcoin.. From my thousands of hours in the pursuit of satoshis..
Ok. well maybe it has worked out for you? Your formula is not coming off as completely appealable, but if you are saying that you have 10 years of salary in principle then that should be fine.. there are some folks (talking about Dabs) who subscribe to the theory of having between 25 to 30 years of salary in principle in order to have a sustainable portfolio (perhaps reaching a kind of fuck you status).
Personally, I have some troubles with relying upon spot price for your evaluation of BTC portfolio value, so 10 years of BTC at spot price is quite a bit lower quantity of BTC than would be required to use either the 104-week moving average ($23,400 - safe to use in a bull market) or the 208-week moving average ($15,600 safe to use in a bear market) as your value measurement reference point.. which seem much safer to me, at least in terms of figuring out your current status in terms of how close you might be to fuck you status.
So...
I WILL NOT sell them until they are worth more than what I need to live the rest of my life in peace.. (other than to pay tax on my gains)
I could buy a lambo right now and I will not..
Measure of wealth in terms of lambos is probably a not a good idea.. unless you are clearly well exceeding fuck you status.
By the way, buying a Lambo and being able to afford to keep it may well be two different stories. Let's say that mid-range Lambos may well cost in the $300k-minimum territory, it would probably be a good idea to have in the ballpark of 5x the wealth in order to be splurging on a Lamborghini... which means that your Lamborghini would be costing you no more than 20% of your wealth... so that would be $1.5 million.. but hey who am I to say? There are all kinds of people who buy toys and goodies that they cannot even afford - merely because they can, but then what else do they have to show for it, so maybe having 10x would be a better measure.. I would suggest don't be spending any more than 10% of your wealth on such consumption items... and then again, we have the issue of measuring wealth in accordance with the BTC spot price or in accordance with more conservative bottom arenas, such as the 208-week moving average or the 104-week moving average.
I will HODL for another halving or 2 and fuck right off with my “fuck you” money, or if it goes to zero, just keep being poor and wage slaving..
Actually one or two more halvings (or cycles) would likely put you in a more solid situation in terms of being assured of the security of your fuck you status... at least if you are trying to figure out from spot price or attempting to use more conservative valuations (of the 104-week moving average or the 208-week moving average) as I consider would be the more prudent approach to evaluating your BTC holdings and your ability to draw based on that.
Make sense?
I do t want a lambo, I want the rest of my life in freedom..
It kind of makes sense.. that twice you mention the Lambo that you do not want. Of course that makes a lot of sense.
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