56 and 57 k topped yeah baby
Yep.. I had to go look at that again...
It was right around 26 minutes between $55k breaking and $57k breaking.. so yeah.. that escalated quickly.. and some of the possible ETF buyers will likely get irritated if they were not able to buy and then the price rise happens after hours.
Another thing, looking at the whole day, there was around 11 hours between $52k breaking and $57k breaking, so that is also a decent performance in a quick timeline of less than half a day....
and we can call it a "so far" since there is no real way to determine if Uppity is over or not..
I am not going to say whether I know if we have broken into no man's land too quickly - because surely there is a need to attempt to hedge wannabe sorcerer bets in either direction, even when we likely realize that getting within 20%-ish of the ATH in either direction has historically tended to have problems with lack of stickiness... is this time different? who is going to say. Not this here cat..
I will say after it happens, and then it will be something like this: "I told you
* so." "You should have prepared ur lil selfie a wee bit MOAR better."
*I am not referring to any "you" in particular.every time I check the price it's 1k higher. But I have the feeling this is just the beginning ...
You are probably correct.
Soon
tm, $1k is going to become the new $100.
Just like $100 became the new $10.
And so forth and so forth.
Whoaza!!!!! He is looking pretty dumb there.
....Good timing, but did you increase your stash?....
That's funny...weren't you already "telling" about your glorious 61/19 trade?
Imho, all sells are good sells when you either substantially increased your bitcoin stash as a result of a re-buy OR purchased an appreciating asset (typically, RE, but it could be the art too) OR sold because of a life need. If you sold btc just to increase your fiat stash per se, then I don't consider it as a good trade.
@JJG increased his/hers btc stash a little as a result plus got 25% more fiat-a good trade on the balance.
It is still hard to say though, because we all have various assets and various ways that we used our money and gosh are we going to do an accounting exactly.. I hate to suggest that my cushy situation might have come from a June 2023 fat thumb.. and that might have been a kind of incident to put things over the edge. I am kind of happy that my stash will not match my December 2021/January 2022 level until the price reaches around $120k.... that seems to make a lot of strength.. kind of lucky strength..
I don't otherwise agree with you that there is a necessity to maintain or to increase your BTC stash with the passage of time.. especially if anyone may well be out of their accumulation stage, and within their maintenance stage they may well have a lot of discretion regarding if they want their wealth to grow or not or to keep up with inflation, or maybe even to start to gravitate towards BTC liquidation... so there really is nothing wrong with that, including that valuation of BTC is like 6x greater than what it was 4 years ago.. (using the meaningless 200-WMA metric).. so if someone had reached fuck you status and maybe transitioned into a maintenance stage of his life, he could potentially have 6x less BTC (meaning 1/6th the earlier stash) but still the same dollar value.. or if he wants to account for inflation (or the debasement of the dollar) he can do that too and maybe instead of having 1/6th his earlier stash he only has 1/4th his earlier stash.
Just because you seem to be considering yourself to be in accumulation and./or wealth building stages, you should not be judging others for the possibility that they might not be in the same stage of their bitcoin journey as you.
I get the sense that sirazimuth might not be in any kind of strict BTC accumulation stages and he also may be inclined to liquidate decent amounts of his stash from time to time, while his wealth is largely continuing to grow, even though his BTC stash may well be getting smaller with the passage of time and with the discretionary choices to shave off some cornz here and there along the way.
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