Some might describe their methods as "unsound." But
looking at their historical chart, we're lower now than we were a year ago... ?
Sure are we going down or are we going up... that's a pretty BIG question... and there are ongoing questions regarding whether we are a correction in a bull market or transitioning into a bear market.
The second one seems way too premature to be proclaiming, even though we had quite a few peeps proclaiming bear market once we broke below $50k and then surely breaking below $40k and even having such extremes as touching upon $30,066 provided a lot more ammunition for making such claims, but merely the fact that those kinds of claims can be made and merely the fact that some people were asserting that greater than 40% corrections do not happen in a bull market (blah blah blah), and some of them were going so far as to say greater than 30% corrections do not happen in a bull market and also proclaiming bitcoin is never going to correct again below certain levels of correction, then why the fuck are they NOT going to end up scaring their lil selfies into a mindset that they created with such stupid-ass high expectations especially when NOT only 53% happened, it ended up being revisited a couple more times within a 2.5 week period.
So then there end up being dumbass conclusions that we must no longer be in a bull market because these outrageous price corrections are happening that supposedly do NOT happen in a bull market, and some of this nonsense coming from long standing accounts, here. Furthermore, we can also see assertions to play into our fears in that none of us are going to want to have NOT had sold any (or way too insufficient amounts) during this particular bull run, when the top is already in and the bear season has come earlier than expected, amiNOTrite?
I had even heard about my lil selfie being wrong for nearly a whole year in 2018 before I finally admitted that we were in a bear market, so surely there are going to be a some of us who are denying that we are in a bear market for way longer than it would be prudent for people to hang onto their coins, and those kinds of rationales might cause some peeps to shave off some coins on the way down (just in case) when they should know that it tends to be a worse practice to sell on the way down and buy on the way up, and really the preferred practice is to be buying on the way down and selling on the way up (that is if you are going to sell it would be better to do it on the way up).
Of course, not only do each of us need to come to our own assessment regarding what kind of market we believe that we are in, we also have to attempt to cause our investment style (or strategies or actions) to best match so that we are going to be content no matter which way the BTC price goes, so surely those people who are in a BTC accumulation stage may well get frustrated because they had already started buying quite heavily in the lower $50ks, but then when the BTC price kept droppening, they were running out of money to buy more, including having fears that if the price even keeps dropping, then they won't have any money to buy MOAR... Surely a problem I admit and it remains quite a difficult dilemma to recognize that likely the most likely best solution was to HODL.. and probably acknowledge that they fucked up by buying too much too soon in order to have run out of money... easy predicament to get into when in a BTC accumulation stage.
Surely, the time might be coming to wreck a few shorts; however, if there might be some opportunities to either shake a few weak hands or to see that there might be a little less resistance on the way down, then maybe we could have a "down before up" set up in front of us. Sure, who the hell knows, right? Sometimes we hear, "down before up" "down before up" "down before up", and then what ends up happening, we don't have no "down before up".. .. and each of us has to be careful that we are actually adequately prepared for UP because sometimes UP can end up playing out nearly as brutally as down even if it might NOT always seem like it is playing out in a way that we were thinking that it might end up playing out.
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