Bitcoin price fell from 7400 to 6900 USD... if we immediatelly don't go higher, it could be much worse... according to charts, next few hours are critical for the future of Bitcoin...
Well I do not mind even below $2k LOL and I am serious about it!
1BTC = 1BTC
Mindrust used to talk like that before he went off the reservation.
OMG
OMG...
a sign that BitcoinGirl.Club might not be well.
A non believer, or someone that doesn’t really believe bitcoin fundamentals... will always have a breaking point, where is JJG’s one ? Or are you a true bitcoiner??
I don't consider the matter in terms of fitting in some kind of a religious category or some determination of will
If I conclude that there is a need to sell my bitcoin and then invest into something else, then I would do that.
There do not seem to be any other better investments, so there is that.
However, having said all of that, there still are needs to tailor any investment to your own circumstances including considering your cashflow, your other investments, your views about bitcoin as compared with other investments, your risk tolerance, your timeline and your time and skills available to research and manage your holdings including trading and tweaking from time to time.
So, yes, it is good to feel comfortable in your skin and comfortable with how you have allocated your resources in order that you feel psychologically and financially prepared for the movement of the market in either direction.
The most recent dump on March 12 tested the resolution of a decent number of bitcoiners, but also tested the resolution in a variety of other markets and surely many people are continuing to assess the holdings that they have in a variety of assets including questioning whether anything should be done during times of traditional markets seeming to be experiencing a kind of dead cat bounce, and whether gold might be a good investment.. and yes, there are many people questioning what to do with their bitcoin holdings too.
Around March 15/16, I made a few tweaks in my BTC strategy that largely allow me to feel comfortable NOT injecting any new money into bitcoin unless the price appears to be testing $3,850, and then I probably will send some fiat to various exchanges. I also have pretty comfortable buy orders that go all the way down to $3k, so I really would not have to employ any extra fiat unless the BTC price were to break below $3k. I have not set up those sub-$3k BTC buy orders yet, so I am hoping that I will NOT need to set them up.
Tentatively, if I end up having to move fiat to exchanges because BTC prices are testing $3,850, I would likely set all my then available fiat to BTC buy prices between $1,500 and $3k, so I would probably run out of buying money around $1,500 unless the price were to persist at that level. I would have to consider whether I would inject any more at that level or just let my already existing investment ride.
Regarding selling any BTC below $5k, I doubt that I would or that I would need to, and $5k is my current threshold in which I have already authorized myself to be able to sell above that price if I were ever to feel that I am transitioning into a withdrawal status. Currently, I am largely in a maintenance status, but I suppose I might convert into an accumulation status if prices were to go below $1,500... I am not sure yet, because BTC price is both a matter of quantity and a matter of time, so I personally believe that if extremes are going to happen, many of us can only attempt to prepare for a kind of range or a kind of outline regarding what we expect to do, which helps us to prepare for a large number of possibilities, but we should still retain some sufficient amount of autonomy and discretion to intervene if we believe that the circumstances deserve a change of course or if we believe that we have to tweak our already chosen course of action based on how matters end up playing out in terms of both degree and time.
People selling BTC will regret later when the money printing hits them in the face
Of course, money printer go bbbbrrrrr seems to justify front loading on BTC.. and even erring on the side of overinvesting into BTC. Most likely I have been erring on the side of overinvesting into BTC for years (since about early 2015), and current circumstances, including ongoing strong BTC fundamentals and even the nonsense with the money printer go bbbbrrrr practices seems to cause more confidence in the
raison d'être of BTC and it's likely decently strong place in current times.
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