Some folks are very confident that it crashes after it goes over 10k and selling their coins. Risky risky...
I’m selling nothing until $20,000. Might off load 10% then.
Huh LFC? Even you should know better than that.
Let me attempt to confirm a certain price dynamic with you.
You realize that $20k is a kind of no-man's zone? or no selling your bitcoins zone?
Sure, of course there could be a bit of faking out in that price area, and maybe bitcoin prices might get stuck in that area for a bit of time, but really the odds of correcting downwards from there in any kind of meaningful way should be pretty damned low.
So if you mare a bit worried that there might be a long correction then you should sell some BTC at below $17,500 or above $24,000-ish... Not in the $17,500 to $24,000 ish range... Of course, anything can happen in bitcoin, so you have to be prepared for anything, but generally, there are going to be zones such as previous ATHs that are not really going to be areas in which BTC's price would be stuck for any meaningful length of time (relatively speaking).. especially, once on the way up and returning to those prices - and likely shooting past.
Hopefully, you can figure out some kind of selling plan that is more realistic than to time any meaningful sales in that "no man's" zone.
Observing - $9,782.
Looks like we’re going up again. If I was a betting man, which I am.... I’d definitely say we’re going to break $10,000 this weekend.
I would like to go sideways for a bit though, I really don’t want a meteoric rise & flash crash. At this rate we’re going to see a new ATH BEFORE the halving.
Like I said, be really good to slow down a little.
Yeah, but what if she does not want to slow down? And buy support is sufficiently following this uptrend based on mere dynamics of retracing territory in which we have already been.. and accordingly, $20k was NOT as BIG of a blow-off top as some of the bears and the BTC naysayers would like you to believe?
I do agree that there is some healthiness in pausing and pulling back a bit, here and there, but pulling back does not seem to be a necessary condition in something like bitcoin, in which many folks (including smart money) realize that it is the "real deal," and accordingly, they have a decent amount of desire (and even ability to do so) to attempt to front run the next parabolic price move.
Don't get me wrong, I remain prepared for any of the three directions, but I don't buy any of the arguments that seem to rely too much on assertions (meaning they put too much weight into such assertions) that we have to go down before we are capable of going further up.
I’m more than prepared, I’m sitting on a stash of
BTC just waiting to get rich
All I mean when I say I’d like to slow down a bit is really that I’m worried we’re going too fast & I fear a massive crash like last time.
If it keeps going up with little retrace & we hit $100,000 by 2022 I’ll be the happiest man in the world.
I get you... I get you.
No one wants the thing to go up in such a quick way that it is NOT sustainable and then it seems to crash down more than it would have likely crashed down, if it were not for the overzealousness in BTC buying.
I get it.. I get it... But what the fuck can we do about it... I mean, I don't really want to criticize you for stating a preference, but you also have been around the block so many times that you likely understand that BTC does not give two ratt's asses what you would prefer, and sometimes the out-of-control just has to play out... The out of control plays out both upwardly and downwardly. Of course it is a bit more comfortable when it plays out upwardly because us HODLers are getting richer, overall.
So, yeah, we know that the more that the BTC price gets heated, the more likely we are going to suffer at some point in the near future with a correction.. and perhaps even a correction that makes us quite a bit more uncomfortable than we would prefer to feel.
But at the same time, that is bitcoin. Our little friend bitcoin seems to overdo matters on a regular basis, and we cannot do shit about it, except attempt to prepare ourselves financially and psychologically for a kind of inevitability.
In other words, we can wish until we are blue in the face that maybe bitcoin could slow down a bit and to act a bit more gradual and grown up... but she is not grown up.. and she is not gradual.... (at least not during times like these), and there's gotta be some way that we just have to figure out how to accept the situation.
I also understand that you have been engaging in a bit of a practice that involves a certain amount of over-investing into BTC, and so that way you are going to feel a lot better to get rid of some BTC at various stages on the way up.. rather than if you had been more conservative in your BTC investment, then you might be a bit more reluctant to give up any amount of BTC as the prices go up.. which seems great.. they are going up and up and up...
which feels good man.
Shave off .1BTC here or there, might make you feel a bit better too.. especially when the price is going up so god damned much... and even if the price does not come back down, sometimes it can feel good to create some downside insurance by shaving off a bit of BTC, here and there. ... even though your BTC holdings might end up being only 98.36 rather than 100 or whatever damned round artificial and psychologically restraining random number that you have imposed upon your own psyche.
Yeah, I have been shaving off BTC from my holdings since April 1 and thereafter at $4,200, and yeah, I am not likely to get too many of those BTC back.. but I don't care.... and yeah, I was able to buy back some with a few of the significantly sufficient BTC price corrections that we had between $4,200 and $10,916... but there were only a few of those corrections that were in the 15% to 25% range and the remainder of them were even less that allowed me even less opportunity to buy back... but even though I could have had more BTC, I have found a kind of amount in which I continue to be comfortable to continue to shave off that value and to have the fiat from those BTC available in the event that BTC's price goes back, down (and it may well not go back down....... and I am ok with that)...
even shaving off coins... I still feel damned rich... feels good man.
So gotta find some area of comfort.. what is that area of comfort? How is that area of comfort different for different guys... ? Main thing is to find a comfort area that works to settle you, even when BTC's price is acting a bit out of control.. on the upside this time, which still remains a bit stressful.. I get it. I get it.
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