Hello friends! I haven't written for a month because a series of unfortunate accidents which happened to my father during our vacation. His life was in a great danger and it is not over yet. I experienced a big shock and I still haven't completely come out of it. May God save us! I have the support of my faithful friends who have helped us tremendously and continue to do so. Regarding Bitcoin, I am not as happy as before, of course. But when I have a chance, I continue to buy. I will perhaps write more in a few weeks. Stay strong and hodl as long as possible!
Well wishes to the health of your father, you and your family.
Regarding bitcoin price performance of the past month, we have had ONLY a 19%, so far, correction down from nearly $53k down to $42,900, and thereafter a consolidation largely ONLY returning back up to about $47,420 (nearly 5 days ago) - which is about in the 10% correction range.
I doubt that there is anything to worry about or to be disappointed about in terms of already having had a bounce of about 85% positive from our June 21 bottom (of $28,600) and our July 20 retesting of that bottom (of $29,296) that pretty much went straight up to $53k with only one correction in early August from $42,800 to $37,350 (nearly 13%) of greater than 8% along the way.
I suppose that we are always going to have some concerns in the midst of these kind of corrections along the way.. when we finally do get them, but zoomed out BTC's price performance still seems to be pretty much "on schedule" with seemingly ongoing UPpity price pressures... which seems like pretty damned great signs to be continuing to prepare for more UPpity.. even if we know that none of these kinds of uppity are guaranteed, anyhow.. even though the uppities continue to happen and to happen and to happen.
I surely am not complaining about our level of Uppity being insufficient.. It's great...
For having a situation that is far from guaranteed including how much negative press is still out there on a regular and consistent basis, I hardly can imagine scenarios to provide decent amounts of assurances to those of us continued to be prepared for UP.. that bitcoin is still "on schedule" for some likely more UP for 4-12 months longer.. how much longer? not sure.. but seems on schedule to me..
...and I am surely one of those kinds of folks who hates to take anything for granted, and even while over the years I have been somewhat insistent with some of my no coiner friends that they need to prepare for UP..
they don't see it,
they cannot see it
they don't want to see it
and they still look at me as if I am some kind of bag pumper who depends on their getting into bitcoin.
I tell them that on a personal level I give no shits about my own profits because I already am quite well-off with my bitcoin and I am going to likely be well off whether they get in or not and I am likely going to continue to be better off (excessively well off) whether they get in or not and I am just trying to help them out..
and they still do not budge...
I am continually amazed - even though I should not be..
one no coiner (previous coiner) mentioned that when bitcoin goes to $1 million, then I would be able to blah blah blah.. rich stuff.. and I had to interrupt in the middle and say that I do not need bitcoin to go to $1million to blah blah blah.. because I can already blah blah blah.. and the mere fact that he can see bitcoin going to $1million justifies that he should be in bitcoin..even if it might not tell him how much to be in, but he should be getting off zero.. .. but no.. he does not budge.. and he wants to talk theoretical about these matters.. He's not dumb, but he is dumb because even with his level of knowledge and the fact that he already has been in (so he has systems) he cannot figure out how to get off of zero....
Seems like the insiders, such as us, are still the ones largely buying these coins.. and sure there has got to be some smart peeps out there somewhere who are also providing the additional buying pressure and coming into bitcoin in trickling kinds of ways, but normies in my circles still have no clues.. even though I have been largely repeating my lil selfie for 7 years with pretty much the same story a decent number of them.. and whatever I am saying ONLY rarely sinks in..
and gosh one recent convert kept repeating to me that she is ONLY buying BTC in the past 6 months or so because I kept telling her over and over and over (probably with her I have ONLY been saying about bitcoin since about 2016 - so perhaps only 5 years-ish).. but gosh she seems like a potential weak-hand because with every single person I try to tell them that they need to attempt to understand what the hell they are investing into and to have an investment thesis.. the fact that "I kept telling her" is hardly any kind of investment thesis (but it should be a reason for her to look into the bitcoin matter further.. but still her investment thesis is still pretty damned blind.. beyond my saying a lot of things that hardly seem to sink in beyond her getting the message that I told her to do it).
Yes... Normies are busy.. normies are busy..
Normies have no time to look into nuttin.. but if they want to buy a new car or go on a vacation, they have time to make those kinds of comparisons and contrasts of kinds of cars or vacation locations, and if they heard about this great new recipe, they are willing to spend 3-4 hours researching into variations of how to prepare it and what are its origins and even various side dishes that go well with it (whether it would be better served with white or red wine or if their dessert should be ice cream, cake, pie or some kind of fruit platter), so gosh money (sound money versus not sound money) is too damned abstract for a lot of normie peeps to understand - even very well-educated normie peeps..
But bitcoin price is likely going to continue to go up whether it starts to sink in for some of these normie peeps or not. I don't know exactly who's buying BTC besides Michael Saylor and a few of us ongoing BTC supporters.. but the trickle in of the newbies seems to not always be very measurable amongst normie peeps in my own paths.. even if some of us might know smart peeps and also peeps who really should be more receptive to sound money principles, but none of it sinks in.. and if the government does not endorse it, then how could it be a good or persistent thing beyond the circles of 14-year old snot noses? That's not going to end well, right?
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