I've just bought 0.275
BTC at 53 300$. If the price doesn't fall below that (again), this anomaly will be for the first time in my life
As far as I know Bitcoin doesn’t follow any graph, pattern or predictions. Bitcoin have its own
math & science. Yes one thing is certain it will always go up but after how many dips this you can’t know.
From my perspective, you phrase this in a real strange way, shahzadafzal because:
regarding your first point, there are some graphs, patterns and predictions that seem to be somewhat coming true, and of course, the longer term graphs, patterns and predictions seem to have greater probabilities of reflecting both what happened and decent abilities to assign predictive value - and of course better on the longer term rather than the shorter term, but even then, there seems to be a decent amount of shorter term information contained in various charts too.. even though none of them are going to be exactly correct or even be able to account for some surprises or short-term BTC price performances in the opposite than expected direction.
regarding your second point, I don't really disagree with the overall sentiment that BTC prices do seem to have both a historical and a long- term predictive tendency to go up, but still it seems problematic to employ words such as "certain" and "always" in regards to future BTC price performances - even if we can apply those kinds of words to past performances because such past performances already happened.
Looks like the PI Cycle top indicator was right once again. I was suspecting a similar run to 2013. Double top with a bearish summer between. Was watching the Pi cycle top indicator for months on a daily basis. Yet all other indicators showed we are not there yet. Looks like a bearish summer indeed.
no no no no no no no no no no no no no
stop that negative vibe this instant !
True! We are still millionairs right
Not everyone of us, but some of us do seem to be getting quite close to moving beyond ramen noodles, even though there may well be some shell-shocker like tendencies to NOT go overboard on the spending too quickly.
It's just so hard to take profits. I never took any profit in the last 8 years. And it's always this greedy thinking "what if I take profits and we go higher...".
Hard to believe you, here. Sounds like you are just making shit up in order to try to show that you can relate to various circumstances of actual HODLers versus someone who likely has hardly any stake in bitcoin, if at all.
Another thing. Maybe you can describe what your last
supposed 8 years in bitcoin have been like? Maybe also let us know if you have held this same account for your whole time in bitcoin, too?
Also in regards to BTC accumulation specifically, did you front load? Did buy along the way? Did you have any targets or goals in terms of accumulation, maintenance and/or liquidation? Did you buy on dips along the way or have plans to do so? Of course, you said that you did not sell any, so we can cross that possibility out of what you did along the way.. But still having some troubles with this in regards to what dilemmas that you might be
supposedly having, exactly? You do not know when to sell some BTC or to shave some profits off, right? Maybe that means that you have not accumulated enough? Or what is the issue?
I bet many here are trapped in this swampy thinking as well no?
I would think that feelings of "trapped" would depend, in part, on circumstances of each HODLer/ BTC accumulator, no? We should not be presuming the same dilemmas upon each person, even if that person may have been into BTC for 8-ish years.
Personally, based on my own nearly 7.5 years in bitcoin, I would think that having 8 years in bitcoin should help to resolve dilemmas for a lot of folks, but I understand that some folks who have been in bitcoin for so long have BIGGER mistakes than others, even though many of us who are largely trying to stay focused on bitcoin already realize that when the BTC prices seem to be moving rapidly UPward, even achieving 5x or 6.5x profits in the past 8 months, there could be some dilemmas caused by such considerable BTC price movements if we do not have an adequate plan (or we start to question the plans that we have), and sure if there are some of us who have not sold any (and that is surely not me, but I appreciate that some of those peeps exist, even herein).. but some of those folks are also pretty decently comfortable (on paper - especially if they have been in a long time) - even though they could well have some existential crises if we were to drop 50% or more from our April 14 ATH of $64,895... not sure if such 50% BTC price drop has decent chances of happening, but surely such 50% or more drop is way beyond zero likelihood, and may even be in the 40% or more ballpark of happening in the next 2-6 months (not sure if I am thinking too bearishly, here?).
My first goal was to take profits at 40k. Then I Moved it to 50k. Then I said ok 60k for sure. And so on... Now I say ok 95k.
Why all or nothing kind of thinking as to when to start talking some profits? If you are having such a dilemma,
supposedly, why move the number up rather than just shaving a bit off? Maybe you could shave off a smaller amount, so you do not feel so worried about it,
supposedly?
Maybe you should explain your details a bit more, so we can understand why you might be having such
supposed dilemma?
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