I am glad I was wrong,
but does this go on?
There are quite a few peeps who were also wrong, and one thing is being wrong, and another thing is to have had acted on such wrongness.
Some peeps are still waiting for BTC to correct when they sold in the lower $30ks or failed/refused to sufficiently buy in the lower $30ks....
What we gonna do beyond leading the horses/donkeys to the water.. we cannot force anything can we? (royal, in part..)
In any event, I believe that there are sufficient number of regulars in this thread on a similar page as yours truly on this topic of making sure that we are always sufficiently and adequately (and maybe even too muchie) prepared for UPpity. No problem with being prepared for down too, but the error that most people make is regarding NOT being sufficiently and adequately prepared for UPpity.. and can surely take some time to get that base established.. DCA etc... for a decent amount of time is surely helpful... plus some other BTC accumulation tactics (do I need to to repeat them?)...
Are we in the clear now or will there be a (proudhon) surprise?
No we are not in the clear, but fuck proudhon, he has nothing to do with this matter except for continuously proclaiming the same thing and trying to get credit for having any kind of knowledge beyond wit.
Most likely we need to get above $46k or something in that neighborhood before we can start to really feel comfortable that the bottom of $28,600 is the actual bottom for this correction.... sure the threshold might be lower than $46k, and sure, there is no guarantee that even $46k will be enough to inspire confidence about the bottom being in.. but it seems an ongoing decent ballpark parameter that is sufficiently cushioned above $28,600 to have some idea that the correction is quite likely to be over...
gembitz is active again, is that a good or bad sign?
Rather than being either good or bad, it's probably a wee sign.
So many questions.
Nothing wrong with having questions.. gotta expect that not everyone has time or abilities to study BTC 24/7, so this remains a place for brainstormening.. .. but sure in the end, you are responsible to formulate your own opinions and strategies in response to the information that you have or believe that you have.
Good luck... hopefully you have been buying BTC all along (probably DCAing is designed for guys like you), which would likely mean that you picked up some coins in the lower $30ks.. right? We were there for a decent amount of time over the past nearly 2.5 months, so far (again, not sure if we might be returning to potentially pick up some more if you have not already done so..).
Been there done that dorothy.
We are no longer in 2016/2017.
Snap your ruby red slippers together three times and say after me: "there's no place like 2021. there's no place like 2021. there's no place like 2021."
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