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As you know, I've only been actively investing for about 5 weeks now, and you Nailed it! I'd certainly love the opportunity to grab some cheap coins because I certainly don't believe I "have enough".
Why don't we put this into context? You are admittedly a newbie in bitcoin, and you come into a long term bitcoin thread, and you want to root for downity bitcoin prices, merely because you are a newbie and you do not have enough coins.
Does that make much sense to you?
I remember in 2014 there were members rooting for down, and the BTC price kept going down, and then when the price got to the bottom, some of those members rooting for down disappeared..
Does it make any sense for the bitcoin price to go down several thousand more dollars and for you to merely pick up .015BTC, and the rest of us suffer thousands (or even million dollars) of lost value "on paper" in order for you to buy measly amounts of bitcoin?
But I believe I have done about the best as can be expected in 5 weeks and limited capital invested. And truth be told, if I never make a dime off of it, life is good, so who gives a fly flipping fuck?
If you are in it for the long term, then it could take several cycles before you really feel like you have both built a meaningful stash and that you are quite a bit in comfortable profits... of course, mileage is going to vary in terms of when those tipping points take place... for example, going from a beggar to a mediumly comfortable to feeling almost rich to feeling rich to feeling fuck you rich status to feeling filthy wealthy.. and sure not everyone is going to be able to reach the highest of the stages.
I just noted, there seems to be a significant number of people interested in buying but keeping their money's on 5he sidelines waiting for that magic number.
Those people might get stuck chasing the train while they drop their luggage.. and so what, the train is not going to stop for their greedy and non-prepared lil asses.
Whether right or wrong, they're there... they exist.
There are always going to be some people who are failing and refusing to act.. and some of them don't even set up an account so that they are able to have a vehicle through which they are going to be able to act.
So as I'm looking at the order books, I noted there's a significant jump in the orders from 200 up to 5000 by the time it gets down to $28k and up to 8000 bids by $25k and my suspicion is that a significant majority of those bids, if filled, would hold at least until the $75k range, and probably as high as $100k. So if all those lowball buyers jumped into the market, I expect it would cause a lot of upward momentum. And if that upward momentum took us past $42k you'd see a lot of additional FOMO buyers jumping in to carry us higher. Meanwhile I'd be holding my meager stack of SATS and making my more insignificant weekly DCA buys while waiting for the next crash so I can see what the new bottom is and start buying dips again.
Well do what you can do.... rooting for down does not seem that great of a line to be using in these here parts.
All told, it's a fun ride regardless of whether you watch from the front, middle, or back... at least you're not watching it go by from the ground.
It is still early days, so there are a whole hell of a lot of people and institutions and governments who have hardly any exposure at all to this asset class... so surely it should feel good to have some insight into the matter and to have some systems set up to buy what you can and attempt to buy on dips or whatever when new cash comes in, so that you continue to have some kinds of advantages. Sure, even when bitcoin gets to be $100k or $200k and you might only have a few coins, there might be some newbies coming into bitcoin and buying 100s or even 1,000s of coins, and you feel like a small potato relatively speaking, but that just seems to be part of the ongoing likely dynamic of this asset class whether it gets to $200k this cycle or it takes another cycle to get there.
..... I had a reply typed up but what's the point, I'm not going to (and not trying to) change anyone's mind here and it's decidedly off topic.
Let's get back to bitching about China and Elon whatshisname.
Off topic in the Wob?? I didn't think that was possible.
As long as you are not a cryptonian alt, I think you're good.
Mind you, mentioning the word "c****o" might irritate jay, causing him to spout lots of wordenings...
Gosh... I didn't even get triggered, or did I?
Speaking of the BTC price:
As I type we seem to be dippenning and pushing upon low $32ks.... perhaps? Perhaps?
What to do peeps?
Cry?
Or something else?
32K is Adam's number so it is appropriate we should form a solid base here ... he's probably the one doing all the dumping now his target is met
I speculate that Adam had a mental breakdown, and he was surely distracted by BIGblocker nonsense for a decently long period of time, so I wonder how many coins that he was able to hang onto, rather than getting distracted into various shitcoins... but sure, hopefully he did not fuck his lil selfie too badly with the varying lackenings of focus that especially seemed to have come around the time that he lost his account here (wasn't that early 2017?), and then he failed/refused to get it back because he had too much pride..
So at least, richie_T (not meaning to overly drag in another BIG blocker sympathizer) did not go that far and seemed to have hung onto chartbuddy (and some BTC, too) and his willingness to put up with us shitheads around here (in the WO thread).. thanks richie and thanks chart buddy
(fellow bot - no homo).
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