Also, those who say why not bet on this if you are too sure, I don't trade. I look for opportunities to buy.
Your forum registration date is pretty damned recent, ImThour..,. March 2020.. which actually would have been a pretty good time to get into bitcoin and to get into bitcoin BIGgedly... but surely so many people got scared from events around March 2020.. and likely had some troubles psychologically (and perhaps financially as well) to jump into bitcoin BIGgedly at that time.
~~~
You summed up pretty fair, JJG.
I am more of a Buy Low, Sell High guy who might miss the train because of his **targets**. I bought my first Bitcoin in 2020 August, sold in April at 54k. I made some profits.
I am sure if you look at all those guys who sold BTC at $1, they didn't knew how far it will go.
I couldn't stop myself from taking the profits however I never went back, I have been digging so hard in analysis and finding ways to get the best possible price so that I can live a financial freedom life which I think most of you are already living (WO is filled with veterans of BitcoinTalk).
It's not same for most of us who recently jumped up in this Crypto Bus and we do have different perspective as compared to you big boys.
My analysis is always my own perspective and I post here because there is no one else in my life who understands this.
I get a lot of criticism and I still come back here to post my shitty trendlines and weird Elliot Waves because this is the only place I can express myself.
My long term thought about BTC is bullish and will remain same till the day I exist. It's just I love finding opportunities to buy. I am sure some of you might relate and some of you will find this stupid.
I don't think I know anyone who wants to be a "Buy High, Sell Low" guy. I believe everyone is, by design, a "Buy Low, Sell High" Person.
If you really want financial freedom, then you are not really demonstrating that.
You bought Bitcoin in August of 2020, not sure your exact buy price, but lets say it was 11K (about the average price).
You sold in April 2021 for 54K, nice tidy profit of 43k.
Average TAX is about 30% - So you would have to pay 12.9K
Leaving you with 30.8K in retained profit or 41.1K to reinvest (11k + 30.8K)
As of now Bitcoin is trading at 39K.
Did you maximize you profit by selling all of the Bitcoin you bought back in August 2020?
If you
never buy back in, then you can say you made a hefty fiat profit, but if you are going to buy back in, ask yourself, did you really make a larger profit than you think you did?
You said you never went back, not sure, does that mean you never bought again?
It is good you are finally realize how shitty your trend lines (chopsticks) really are and incorrectly applied Elliot Wave theory. Although somehow i don't think you will stop...
It really amazes me why some who are bullish about bitcoin, will sit on the fence and try to time the market to save a a few thousands on the spot price. That will be irrelevant with bitcoin appreciated 200-300%
and for the record, if you are looking for opportunities to buy Bitcoin, here a tip....
NOW
Poll
