Interesting... End of January is a special time for me (not going to be more specific for security reasons) and Bitcoin has a habit of making a "present" for me: it crashes. It did so in 2018 and 2019 and it is doing it now. The situation looks very similar to 2018. So, despite all that talk about bullish news, moon, BTFD, etc. - how low will it go? What do you think? $25k? $20k? Below 20?
I plan to cash out about 10-15% of my stash for some serious purchases (the rest if for holding and it can wait until 2024-2025) and I have already sold some above $30k. Now I am sitting on the fence. $25k to $30k is still fine, $20k-$25k - not so fine, and I would not like selling below $20k at all. Returning to four figures seems to be unlikely, 200 WMA is approaching $8.5k and production cost seems to be above $10k...
You seem to be a kind of guy who hardly has any coins, and probably the reason that you hardly have any coins is because you have a tendency to prepare for down, rather than up. Hopefully not very many folks (if any) are willing to follow you and your nonsense.
Therefore, failure and refusal to adequately prepare for UP, seems to have put you into ongoing lame ass analysis in which you believe that you have some kind of extended period of time to prepare for UP... and UP is not going to really happen in any kind of meaningful way for many years, such as until 2021/2025...
You were spouting out similar kinds of nonsense when we were in the $6ks, and how did those preparations go? Turns out that $6ks were pretty decent prices to be buying BTC in the past few years.. and UP ended up coming quite explosively in the past 4-5 months.
In one thing he is right. In January 2018 this thread talked all about:
- no worries, they only sell to pay taxes
- no woories, Chinese new year, they need money
- no worries, buy the fucking dip
...
...
And so on, and so on and so on. Go back and look for yourself.
We are not in January 2018... and maybe we are in either mid-2017 or maybe we are in April 2013...
But so what... buy the fucking dip.
And, anyhow each of us has to decide for ourself, and those who bought the dip in 2018 should have been fine, so long as they continued to HODL their BTC through the next few years.
I know, the futures were introduced, so we have no compareable situation.
But also from no worries, you went to attack somebody, who addresses his concern. Nice move.
If you spout nonsense, you will get attacked. You better figure out a little better plan rather than talking bitcoin doom and gloom... tailor your plan to your individual circumstances and buy bitcoin until you reach your accumulation goals and then figure out what next to do from there... .. first things first is to attempt to reach your accumulation goals by DCA and buying on dips and HODL.. historically have been amongst the best of continuous strategies in BTC.
Maybe we should wait and in a half or one year one of you can say: "I told you so". Hopefully it's you, than we all are rich as fuck. Or he is right, than we are poor again.
Huh? Alexander_Z is not right. We do not need to wait a year. I am already right.
Now as far as going forth from here, it's going to depend on where you are at... hopefully you have accumulated enough BTC, otherwise, get working on your accumulation strategies...that hopefully do not involve attempting to time the market and buy back lower, but instead ongoing buying of BTC and sometimes HODLing.
But please, go back here in this thread and look what bullshit was written Jan 2018, while the market gone down.
No need to attempt to monday morning quarter back.. if someone was brand new to bitcoin they would be accumulating in 2018.. hopefully, then they would likely be in a pretty decent position by today.
Same today... We all hope it's different or we are in a beginning phase of a bull run.
Sure there are probabilities regarding where we are at, but none of determining where we are at, exactly, is going to be definitive.
For me, I am prepared, because I have now more BTC than in 2017,because I HODL.
Well, that's good. Perhaps you are not acting upon your seemingly dumb fearmongering and timing the market advices.
But again. The same phrases here now, like in the beginning of 2018.
You seem to be lost. Bitcoin is not on a 3 year cycle.. it is a 4-year cycle.
Edit: than I made a long pause here. My account was used by another person, who didn't change my pw (the board hack). I changed my pw, now it's my own account again. Maybe the bullshit I mentioned from Jan 2018 were written all the time. I don't know. I wasn't here. So now I see the same phrases again. That's my point.
Whatever point you are making seems like a muddled mess to me. Who gives any shits what you said or may have said in 2018.. but what you are saying now, seems quite muddled.