Observing $19,433 & twiddling my thumbs during an expected, long term boring crab market. I wish bitcoin would break up hard or even in the opposite direction so I can gobble up loads of cheap coins (obviously preference is up).
It’s just, the current price does nothing for any of us. There is no way I am selling a single satoshi at this price. I have bought a big % of what I sold in 2021 back already but I am sitting on a pile of fiat now, unwilling to buy more. It either dumps to make me buy more or I keep that fiat.
So any way yeah, just willing bitcoin to do SOMETHING so I can do something positive
Feels like we’ve been stuck between $18,000 & $23,500 for ages. This is not unexpected though, the way it should go if we are repeating past cycles is,
one more dump, an awful capitulation to about $12,000 to $14,000 which causes suicidal thoughts & more mindrust’s. Mainstream media says it’s over, everybody thinks we’re going to $0. This is what forms cycle bottoms, could happen between now & mid 2023. Then we start to slowly climb up, maybe reach the halving in mid 2024 at $30,000 to $40,000. Still boring but with a slight upwards trajectory we plod to the end of 2024. 2025 comes & we start to break upwards, memes & green dildos everywhere we see a new ATH. Couple of pullbacks mid 2025 but then we power to over $150,000 by the end of 2025 as the cycle top & then the cycle starts all over again.Are you ready?
I'm still not sure if 17.5K was the first bottom corresponding to 5.8K in 2018, or the second bottom 3.1K in late 2018. Anyway, we should have some dead cat bounces to 30K-ish, or even 40K-ish before the next big bull run. Hopefully the tradition will be kept and we see 100K+ in 2025. Meanwhile, I continue DCAing but very cautiously. I wouldn't risk too much buying right now, since another big crash is quite possible in the next 1-2 years.
Unfortunately for me, I don't have the skills to sell high and buy low, so I actually buy higher than I've sold. I don't gamble of course, I sell only for what I need and plan to do. When I'm done, I use the new salary to replenish my stash albeit buying a bit higher most of the time. Because I don't want to gamble, I buy regularly with my fiat savings ignoring the current price movements.
In general, I'm dissatisfied with my stash, since I missed a lot of opportunities to buy under 1K and sell something above 50K. So, I will have to wait another 2 years at least for prices above 100K to pursue my bigger goals - buying a real estate and installing photovoltaic panels with asic miners. Thus I will not only have the profit from my Bitcoin stash but a regular income which will allow me to quit my job if I want to. But for now, I will not only keep my current job, but I am in the process of getting a second job. Both can be combined easily, since they are not physically demanding. So, if the price is below 50K until 2025, I will probably get closer to the number which is needed for my plans. I have a small reserve, just in case another crash happens, and then for sure I will get to that number.
So, even though I'm not a skilled trader, with the pre-meditated and pre-planned strategy, I am always theoretically in a win-win situation. But in the real life, my emotions can get in the way. I'm not talking about mindrusting during a crash, but rather mindrusting during a pump under 100K. For me, anything under 100K zone is a no go! Any mistake there and I can say good bye to all my plans and fail miserably. So, any gambling is out of question for me!
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