Selling now would be for the purpose of either manipulation or panic.
It always feels like I'm being pulled 2 ways:
1. They want me to sell when it drops!
2. They want me to get hope again when it goes up a bit!
So I do what I always do: I'm not buying, I'm not selling. Just making sure I can afford to pay my taxes next year
I suppose that is one way to deal with the situation, especially if you feel that you have accumulated enough BTC.
I personally believe that one of the most guaranteed aspects of BTC is volatility, so if you can establish ways to deal with that volatility without getting bothered then it is all good.... One of the strictest ways are ongoing DCA buying and buying on dips.. one of the problems with the buying on dips portion is to sufficiently measure yourself so that you never run out of fiat.. sometimes easier said than done, especially during seemingly extreme dippening times.
I dont know about you guys but I feel like it's all over 2013 again. A feeling of capitulation where I said fuck you bears I chose to go down with the ship instead of selling now. We might go to low 20s but I take out all my cryptos from exchanges now. Will not sell anything. And if I have to wait another 4 years, so it might be.
This is 2021
2013 is history
This Time is different
'
'Sure, the BTC price does not perform exactly the same, but there are some potential similarities to 2013 - especially because 2013 had two price peaks with a higher one the second time around.. but 2013 also had a 100x overall return, which surely seems to be a bit out of range for this time around... gosh.. $4,200 x 100.. = $420,000... Oh? 100x is not totally out of the question.. so sure.. maybe 2013 like scenario could be within reach.. I mean $420k is merely slightly below gold's market cap, and many of us already realize that bitcoin is in the territory of 100x to 1,000x better than gold, just a matter of time to get to that 100x to 1,000x price location... so stopping around 1x might not be unreasonable, even for this particular cycle with still is seemingly early in the whole working out the wrinkles of ongoing and early stages of bitcoin adoption.
And one scenario I thought about looks just like this a faster bull/bear pattern that shakes even the most ironballs bulls out of the boat.
For sure that would be an interesting concept to attempt to shake the most iron of bulls, yet I doubt that any of us who have been through at least one previous cycle is going to be shaken very easily absent sub $10k prices, and how the fuck is that going to happen? Does anyone really believe that even if fuck twat governments and banks threw all their phoney money at BTC and also engaged in bullshit fractional reserves that they would achieve sub $10k? I suppose it is possible, but just seems like a whole hell of a lot of resources thrown at something that would end up blowing up on them and then they really lose any kind of control that they might have had over the matter.. .. who knows?
I think that a better target would be attempting to go after folks like Michael Saylor or Saylor look-a-likes. Not too likely that they are shaking Saylor, either absent both getting the BTC price below $10k and being able to keep the BTC price below $10k for a long time.. a year or longer.. just does not seem very easy to accomplish.
Or maybe it's just dead. Could be that too.
Yes.. reverse psychology you are playing..
I know that you do not even believe that. I am going to slap you... hahahaha
I will say an old friend is texting me chiding me for not selling and buying my retirement house. That's always a good sign, or then again... maybe he is right this time?
That is very funny... I am presuming that this "friend" is a nocoiner? Sometimes friends might end up "knowing too much", and probably you deserved a certain level of chiding anyhow because you likely had been "rubbing in" your friend's ongoing lack of taking you (or your BTC investment) seriously. So here's his opportunity to get back at you, no?
I mean aren't you suffering cAPSLOCK? You are only around 3x UP from September and you could have been 6.5x up.. NOT to mention that your costs are likely way the hell below $10k anyhow, so we are just considering what has happened to your portfolio since September until now, and gosh it hardly seems like any kind of suffering situation.. except for someone wanting to chide about ONLY being up 3x from September rather than 6.5x, and I suppose that the dweeb friend also is suggesting that you "better sell now" while you are still up.. and trying to
knock some common sense into you (that is the common sense of a nocoiner, which is hardly common sense when we really consider the matter).
Sold nothing but I logged into Kraken & thought about it
Just hope it stops soon man.
For sure... it is going to stop, soon.
tmI was close to selling the
BTC I have on Kraken, roughly 2.5% of my stash.
Glad I didn’t, it was the exact bottom (local bottom, whatever).
Hahahhaha
It would have not exactly been a mindrust because it is a small portion rather than all of it.. and sure mindrust did buy back around 10% (if we believe his story),.. but jeez, I am seeing that based on your posts, you do need to shave a bit more off.. so not sure about what to say... especially since I had been doing the opposite of you which is buying.. .. and yeah, I don't want to buy, either
because I don't want the price to go down and to continue to go down but buying does seem like the best thing to do.. I mean until the fiat runs out.. ..
On the other hand, I think that if I had failed to sell enough BTC on the way up in order to be able to be in a situation in which I am able to buy, I would just HODL until the cash comes in.. but gosh.. who can really say? There are no guarantees that we might not test lows at this time, even though the most dominant theory is that we are still in a bull market..
but when push comes to shove, theories do not help a whole hell of a lot because they are attached to probability rather than certainty... and of course, we need to plug our own circumstances into how we weigh the theories.. so there are several components... and gosh.. what's the BIG deal anyhow LFC.. you already have the RR.. so that could be a kind of temporary fix.. even though... you are having regrets about not being more aggressive in your selling a few months ago.. .... and that is a lot of what each of us have to contend with in terms of having UP momentum and realizing that things can turn sour.. and that we could end up in a kind of seemingly shitty situation that is much outside of what had been expected.. that is the preparing for both up and down.. and various extremes of each.
Happy to see green candle on day chart. We are now above pivot point and next target is 33226. BTC should stay above 33K to consolidate gains it had yesterday after pull back from 28K.
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