I dont have a good idea what will happen from here - only that the old channel lines that are now at 2K and 3K (and will later be higher) will play a significant role and will either trigger the next bull run or will grind on it for 1-2 years before failing.
Thanks for sharing your opinion.
One objection I have to the second part of your reply is that trying to make out 1-2 years beyond now is probably a sterile exercise. The "real world" can push a lot, in either direction, during such a long time frame.
Lets face it, you're only here because you sold at 2k and you dream of getting back in close to what you sold for? Reveal yourself!
Are you asking me or Tera?
If it's me you're addressing, you're far from the truth. Very, very far.
Not that I would mind getting some coin at 2k... but not because I sold. And it's not a thing of today, or tomorrow.
I sold in small batches all the way through the entire rally. Yes some were in the 2Ks but it was only 10% of my coins. Then after we passed 5K I started trading altcoins and made many hugely successful altcoin trades. By the time we reached 20K I made back every coin I sold plus multiplied the entire stash by 3. I rather promptly sold most of my altcoin profits all in the teens. My biggest sell was at $18,800 - and I multipled all those profits with further daytrading during the bounces. At this point I've withdrawn a fortune in cash AND I still hold the original amount of bitcoins that Ive held since 2013, as if I never sold. So now I'm set for both outcomes of bitcoin whether it succeeds or fails and what I'm waiting for is to finally get everything off the exchanges and into cold storage so I can turn all the charts off and enter into ignore mode so I can take a nice break for a couple years again like I did in 2014 and 2015.
did kinda the same thing thou thru MINING...have original hoard of BTC since like 2015....but as I mined I just doubled equipment to defer taxes...and built up a lot of ALT coins
enough thru mining I can retire 3 years early, in the sense I don't have to touch any traditional retirement portfolio that kinda stuff till my full retirement age of 66 years
so the bet is (and BTC would have to dump below 1.5k or about and take ALTS down proportionally for this NOT to work ..my 3 year early retirement..using only the ALTS)
So.....with dubious miner equipment in the wind, unlikely to make sense in 2018... (does NOT make sense since the middle of 2017 to swap crypto for equipment of any flavor with crypto price rises)
I may just have to try this TRADING stuff everyone talks about (or masternode coins) or some other angle
but pretty much the same deal...the bet is on the BTC hoard .becoming something someday...and use the ALT coins from the miner angle above....IF for some reason
BTC and all crypto goes 'tulips' etc, etc...well I'll just have a lot of BTC on the Trezor to mull over and make a T-shirt that says:
Crypto allowed me to retire 3 years early...bite me!
(hey, it is not much of an endgame....but regardless of the price now of about 8k....I'd a been a crying a river if I'd have sold my BTC etc July of 2016 at $475 each...)
thus my perspective on all this...boom or bust..chump or champ...)
Again, interesting same result, but I used mining angles and equip deductions for tax man and such to keep my hoard and get the extra ALTS to do the 3 year early retire thing...
but my BIG TIME mining days may be over, a couple units in the basement per year for heat and giggles is likely my future...just saying...that and HODL that BTC hoard was/is
the main thing
anyway, another perspective on the same BTC HODL trick..from the mining angle....(which may no longer work as of 2018 with Bitmain Monopoly and current prices of any coin)
later
brad
Poll
