Volatility is a feature, not a bug.
...it was when upside greatly increased vs downside.
If the upside and downside are about the same, what you've got is churning.
Yep and if btc is a yo-yo for whales it is not good for most people.
The idea you need to guess when you have to dump to make money is a fail.
You are just easily lured into believing what the price manipulators want you to believe - since you are likely quite gullible and receptive to not believing in bitcoin - just like you have been since 2011 when you first got into bitcoin.. you were really getting into bitcoin in order to pay you some dollars.. and you are in the same mentality.
Hodl hodl hodl is fine if you got in 2016 at 1000 or 800.
HODL, HODL, HODL has always been fine, yet you have to establish a stash first.
In 2014 and 2015, bitcoiners had no fucking clue whether HODL, HODL, HODL was going to end up working out.
The same was true in 2018, 2019 and 2020.
The same was also true in 2022 and into early 2023, which is part of the explanation for why you, Philip, sold all or most of your coins at the bottom of the prices.. even though you were accumulating at the top at various points in 2021.
Keep repeating the same mistake and that is likely not going to work out very well for you, even though you never know.... maybe this time you will end up being correct... .I doubt it.. but you never know. Never say never.
If you got in dec 2017 at 19k and did hodl you have 68k today.
Silver and gold are better since 2017
I know we had lows like 4k in dec 2018 and feb/march 2020
I know arguing getting in at 19k in 2017 and then a steady dca onward mean some profit.
If you had started investing in bitcoin in December 2017 until today in a steady kind of a way, then your average cost per BTC would be right around $15.3k, yet of course you may well could have had front loaded your investments at various less expensive points along the way and ended up getting bitcoin with average costs quite a bit below $10k, maybe even in the $8k price arena.
There are frequently periods in bitcoin when things are looking dire, yet the punchline tends to be that the more time that you spend accumulating bitcoin, and starting earlier rather than later, then in the longer term you will likely end up in quite good place, as compared with either not getting into bitcoin, or getting into other investments and/or even trying to trade bitcoin.
But hey, whatever.. You can do whatever you are going to do.. perhaps if we dip back into the $50ks or even go lower, you can sell your whole stash at that time again, and keep wondering why your stack of bitcoin continues to go down and down and down.
But sooner or later cycles must end in order for btc to have motility.
So what? Who cares about cycles? As long as you are mostly holding and accumulating, then matters should work themselves out.. but yeah, you have as much attention span as a gnat.
Did you recognize that even though bitcoin is fucked with an manipulated, it is also the strongest money known to man-kind.. so anyone can buy it and hold it, and all they need is common sense and discretionary funds... but yeah, common sense is not so common these days.
Ie if BTC took off today and went to 200k in 3 months it would be really unexpected
Not likely to happen in such a short period of time, since the trend is your friend.. so even if the price might reverse from here, it can take several months just to get the UPpity momentum to start to work itself out...
Of course, something could break and contribute to such outrageous and extraordinary UPpity, yet we should not be structuring our investment into bitcoin around those kinds of scenarios.. yet for sure, it seems that you easily get sucked into trading your coins rather than letting time work to your favor over a cycle or two.. and yeah, you cannot even hold for a whole cycle so how the fuck are you going to still have 0.0105 BTC by 2062 (and another 0.0105 for your lil selfie too).. You have absolutely no self disciple, and it is not going to get better as you age further. "Poor people have poor habits"
(I think Robert Kiyosaki said that).
Also if btc dropped to 5k in 3 months it would be unexpected if it does exa try what a guy like og thinks it will btc is bullshit
Why do you need such outrageously extreme examples? I am having trouble with that one, even though I realize that "anything can happen," but that is a wee bit much to imagine, absent something really fundamentally being broken in bitcoin.
It slowly go down to 40k or so an then come back in late 2027 with a new ath a month before the next 1/2ing it would be too predictable.
Well at least $40k is within 35% of the 200-WMA - yet it also becomes so difficult to imagine the BTC price going down to 35% below the 200-WMA when the BTC had not gotten more than 250% above the 200-WMA at any point so far in the earlier price run (counting when it seemed to start to run in the UPward direction in around October 2023)...and seemed to have its ending rally in early October 2025... at least so far, and yeah, it is sad that we are seeming to have had fallen into a bear market, and it might be tough to get out of such currently seeming bear market....and to revert the momentum back to UPpity.. rather than our pathetic place that is currently seemingly stuck (at least in the short-term) in a place that is around 15% to 25% above the 200-WMA. Can be quite depressing to not get some kind of a bounce back and to ongingly lose hope in any bounce back and/or change in the momentum (back to UPpity) to get back to where the HODLers would prefer such momentum to be.
So for the sake of btc og needs to be way way way off his guesses.
Fuck Og.
Although it cou.d do exactly what he thinks and cycles could repeat like a yo yo which means I will have a chance to sell over 100k and likely leave my exposure of 2btc and cahs out.
Yeah, but you sound like you are about to do a mindrust. Perhaps if the BTC price drops to the lower $50ks, you will end up selling most if not all of what you got.. but maybe you will just hang onto the 0.0105 so that you would still have it in 2062 if you were to be able to live so long and not be tempted to sell that coin at some other weak spot that you go through every 2-4 years.
So between now and 2062, if you were be able to keep kicking for that long, you are likely going to have at minimum another 9 more panic attacks.
Just saying. and sure, it is possible that you might end up being correct within the context of one of those anticipated panic attacks. Perhaps? Perhaps?.. and at least the good thing would be that you would be able to make it all the way to 2062, yet the bad thing is that you might need to protect yourself from selling any of the 0.0105 BTC.
[edited out]
Do tell, have you lost faith in Daddy corn?
Phil does not have staying power, which is likely part of the explanation for why he is at where he is at.
Poor peeps gots dem lil selfies poor habits.
Poll
