Sometimes there could be a BIG ass spike down that many people believe that the draconian legislation in the USA is actually going to keep bad boy bitcoin down..
It's also not necessarily what people think the legislation will do to bitcoin but what people think that other people think the legislation is going to do to the price. These second-order effects are a big part of why I hold and not trade. Long-term, you can have some idea of the value of the technology, short-term your trying to guess the psychology of a bunch of loons.
And psychology is ONLY one likely
small aspect of trying to figure out BTC price.. especially when considering the importance of longer term dynamics..
Accordingly, the actual legitimate bitcoin price models do not really give a lot of weight to psychology, and those currently valid price models seemed to be pretty damned accurate in terms of longer term ideas about where dee BTC price is likely to be going... so in other words, careful with putting very much weight into psychology as an investment indicator, boyz and girlz because hard to tell whatever is going on with short term phoney baloney that can flippening in a matter of no time like a flash before ur lil eyes...
You heard it here first.
Are you saying FOMOing into a dump is not a smart thing to do?
I don't think we have to worry about that till 100k+ atm.Well maybe I am saying that, and I am also saying that there are all kinds of short-term indicators that tend to be all over the place, so sure, we can see momentum in one direction then we can see it in the opposite direction, and then we can attempt to analyze whether we might still be in a bull market or not, and that has been part of the question for this whole most recent correction that is going on 2.5 months now..
Have we snapped out of the bull market yet - and I have a tendency to believe that we have not (of course, I am not the ONLY one who believes such), so even if the BTC price has been going down a lot in the past 2.5 months, we should be feeling a decent amount of insecurity to rely upon the BTC price continuing to go down or considering that the BTC price is going to go down, unless we have snapped out of our previous bull market.
Bet either way, if you happen to be a betting man, and I still believe that the odds are that we are still in a bull market...
As far as FOMOing goes, I do not recommend FOMOing - except if you happened to have fail and refuse to prepare, so really, if we have a BTC price adjustment that goes from the $50ks an d $60ks a few months ago, but largely we have been in the $30ks for a decently large amount of time of 2.5 months, so perhaps that should be enough time to settle down some emotions.. but of course, how emotional a person might be will depend in part on the various strategies that s/he has created and the follow through with those strategies, and consolidation period do seem like good times to be attempting to create and follow through with strategies in order to lessen the likelihood of FOMOing...
Anyone here FOMOing currently?
You, Hueristic, have been here long enough in order that you should not be feeling any inclinations to FOMO, right?
The solution is to increase the block size to 16 billion exabytes and fill it up with cat videos. I don't think anybody could 51% that.
Oh? Cat videos are better than weather data?
I see what you did there, trying to increase the level of controversy in the data in order to better secure the chain.. you sneaky devil, suchmoon.
Kinda Off topic, who else hate their job?
That's not off topic, at all.
If you had not noticed, we (royal, of course) talk about getting to entry-level fuck you status all of the time... and having bitcoin to help a guy/gal to get to such entry-level fuck you status seems to fit the topic quite well... it's a common theme in these here parts.
No reason to hate your job.. do stuff that you like, and hopefully make those experiences memorable while you have them, even if they might be a short-time of doing various kinds of work, relatively speaking.. not flipping burgers like the dude was doing, right? The dude has / (had) a not very great job, but maybe even burger-flipping can have fun moments, perhaps? I never did that for a living, but even less prestigous jobs can be made into funzies and interesting, no? or there might be abilities to develop other talents, no?
Anyhow if you are a relatively young wipper-snapper, then seems to me that a lot of jobs can have their level of stepping ladder-ness in order to build skills to do other jobs and to have aspirations to do other jobs, unless you are in a kind of dead end job.. We might need more info?
To me, it seems that if you are investing into bitcoin you might be able to get out of your job in your 50s or 60s rather than staying in the JOB until full retirement age.., sure some folks are able to get out of their job earlier like in their 30s or 40s.. .. but that likely being sure to be really be in fuck you status takes even more capital to assure that you are going to be able to live off the cash flow of your fuck you money for however long that you have for your life expectancy.. so the younger that you are, it seems that the more solidness that you need to make sure that your level of cash is and that it can work for you... anyone for $2 million to reach entry-level fuck you status?.. if you have reached the $250k to $750k.. you may well be in a decently good spot and on your way to reaching entry-level fuck you status, no?
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