All I see is positive news but the price is meh. I know I’m being ungrateful & greedy,
Seems that you are being a wee bit ungrateful and greedy.
Sure when we were in the top of the range, $59k to $65k-ish, it just does not seem to be a place to hang out for very long, so from there, $59k to $65k-ish, there was a kind of imperative to either go up or go down.. because we just cannot be hanging out at the top of the range.
Who knows how long we could be hanging out in the $50ks (yes, I understand that we already spent a decent amount of time here in the past couple of months (or maybe just the past 6 weeks), but sure does seem like a long time hanging out in the $50ks, but this spot would not be a too bad of a place to even hang out for a few more months.
We could call it stable prices. People love stable prices, but sure it is NOT likely a long term place that we will be hanging out, even if it could be possible to hang out here for a decent amount of additional time in the medium term.. if we are calling 2-3 months "medium" term?
if you told me last April we’d be in the mid $50,000’s a year from then I’d have been delighted.
Surely you would have.. we had a lot of seeming reasonable peeps suggesting a couple of years or more just to get back above $10k - which surely seemed troublesome at the time, but NOT completely out of the realms of possible outcomes - despite some of our more convincing BTC price prediction models showing otherwise - and so those of us who had been meaningfully and adequately pee paring our lil selfies for UPpity were able to substantially and materially (even though it may be appearing to be ONLY on paper if we have not cashed out our lil selfies).
Even if our profits might ONLY seem to be on paper to some, many of us can really feel that we have materially and psychologically benefitted from the BTC price violence of 5x to 6x+ since September - even though it is no longer feeling like 6x+ at this particular moment... but there still feels some decent amount of knowing that we could cash out some or all of our BTC, even at these here prices.. and NOT too bothered about it.
Yes, we might get a bit more stressed if BTC prices were to correct further into the lower $40ks, which is NOT greatly out of the question, even if it might NOT feel like it has high likelihoods of happening in the coming months.
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I don't know, and I do not care too much, even if I share similar preferences as you towards UPpity rather than flat or experiencing more or less normal kinds of consolidations or corrections that remain decent possibilities.
I am NOT even saying that there has to be further BTC corrections for some of the known shitcoin and DEFI froth to go through some meaningful purgenings.
Who knows? Who knows?
Even though many of us know that there remain decent amounts of upside BTC potential, we also likely realize that there may well be some weakhands to purge from btitcoinlandia, too. Don't know. Don't know, and whatevers.
I keep expecting an imminent, explosive move up but nothing doing yet.
Sure. I was starting to feel like it was going to continue UPpity.. and sure, it still could, but we could also be a wee bit ahead of schedule, too.. I don't claim to know much of anything, but I do get the sense that BTC prices do not tend to go straight UPpity, even if there are a lot of people who honestly, sincerely and with all of their heart blah blah blah believe in supercycle blah blah blah..
Yeah, supercycle might happen, but then again, it might not... at least not now and not even for another cycle or two, if it does.... in spite of our having a decent amount of information that there are likely more and more institutions and BIGGER players getting into bitcoin.... Those BIGGER players and institutions might even have some desires (and even potentially have some tools available) to remove some coins from retail (those who might not have patience to experience their up and coming richie status (but only if they HODL - but they might NOT be able to.. 5x to 6x profits for some of those short-termers, as a sure thingie, in their lil pockets, all they have to do is hit the sell button.
Have you ever had 5x to 6x returns in less than a year..? and isn't it tempting to sell, especially if you don't know what the fuck you are investing in.. and if you value your wealth in dollars and the prices appear to be going down (not UP as promised)? What if you could sell and buy back lower.. there's that, too. hahahahahha good luck.
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