What if a Bitcoin ETF is being approved within now and six to twelve months? Think the chance of that happening is discounted too much at the moment ($48320). It will happen (one day), and it will be like fiat gushing from a freshly drilled oil well. Better be in bitcoin
when that happens, it gets riskier by the day owning fiat!
Oh man that’s so orgasmic!!!!
Anyway also I don’t have any plans of selling my bitcoins that sooner.. EFT or not ... I just want shitcoin’s gutter to overflow now. Keeping in mind never invest more than you ready to loose... now all my savings which were previously in fiat are in Bitcoin. So for next six to 12 months if Bitcoin keeps swinging $50k-$60k I’m ok with it. Like theymos said “
BTC has seemed pretty comfy in the $50k-$60k range“
What if it goes down to $30k or even $15k? Are you prepared for that? Not saying that it is going to happen, but I really am serious in saying that peeps need to prepare for scenarios in both directions, even extreme and unlikely scenarios.. I am not saying to put a lot of preparation in the more extreme scenarios, but suggesting that the bottom is in or even that BTC prices could not quickly get cut in half seems like a wee bit of betting too much on one side - even if the odds remain that we remain in a bullmarket and also the odds remain that there are limitations of amount and length of time in terms of corrections, ... anyhow... maybe I am repeating myself a bit.. and I am not disagreeing to buying at this point, I just get a bit triggered when peeps are talking about "all" and then even relying on an authority like theymos (nothing against theymos or
his recent decent short-term price analysis).
To @JayJuanGee
Maybe you will reconsider (and in a more polite way) what I said last month when I felt not confortable with the weakness of BTC. And was thinking that we will probably visit the 40-45K area... Here we are. And unfortunately maybe more pain before any reversal.
You are trying to say that you were right?
I suppose that might well be good if you played some kind of strategy that ended up working for you. I have no problem with my strategy that I have been playing since late 2013 and that has been revised from time to time along the way according to my various further thoughts or accounting for any changes in circumstances that might be relevant along the way.
At this point, I cannot see any reasons for me to reconsider any of my previous comments to the extent that they matter at this point in time or that I might feel that I would change them now? Are there any specific comments that you would like to redirect me, and maybe I will double down..?
As far as I am concerned soothsayer wanna bees can fuck off to the extent that they are posturing their lil selfies in such direction, and I hardly even remember any exact context of what we had been discussing.. so did you have more that you wanted to point out to the extent that subsequent events makes it more relevant now than it did during our earlier back and forths.
By the way, if you have never gotten any kind of real sense for my position on a variety of topics related to bitcoin or portfolio management or whatever, I frequently assert that guys need to figure out ways to prepare their lil selfies for price movements in either direction, even extreme price movements. At this point (with an approaching of a 30% correction from the April 17 $64,895 top), we are still no fucking where close to extreme circumstances.. at least from my current perspective.. and as I type this post, it appears that support in the 30% correction range at $45,501 is currently being tested.. and I even said in a recent post that we could get another 50% or more correction from here (oh.. it's my above post responding to shahzadafzal that is above this one.. so far a BIG whatevers from what I see so far)...
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