CBB
Revisit of Bart or $56k?
Looks sideway-ish for now...
It's either the top of a Bart, or the foot of the 6-digit mountain. These can be any length. IOW, roll a dice.
Regardless, we know where it's going long-term, and that's UP.
Isn't life great?
Yes... I would not mind suggesting that there could be a pausening before clearly and convincingly entering into no man's land... but surely difficult to know, as AlcoHoDL mentioned.. and seems way too early to say that we know much of anything if we are ONLY a mere 17 hours from our $55.8k local top.
In other words, the next 24-48 hours seem to be critical
tm in terms of maybe getting some kind of clue in the event that the matter does not merely resolve itself in that time period.
As a further SOMA assertion, I would also say that any price moves within $53k to $55.8k are not going to be really anything to write home to mom about.. and I would go further down the price range too.. but since we seem to have been within such price range for ONLY a wee bit more than 24 hours, why even think about any kinds of lower numbers, at this point...... not enough time or price movement has passed.. .
In the short term, let's see if we continue to have buyers coming in at these price points...
Anyone? Anyone?
Edit: By the way, upon reflection, I am thinking that within the past day or so, in another thread, I did jump all over a legendary member for being too presumptuous in regards to speculating that any of us might be able to get BTC cheaper at any point "later in the year".... so there are people who have been watching BTC for a while, yet still have decently strong beliefs (presuming that they are not trolls) that we are either going to have a down before up or even a down after an UP within the coming months, and surely anything can happen in bitcoin, but I still believe that it is neither a good way of thinking about bitcoin to be presuming that you are necessarily going to be able to get cheaper BTC prices between now and the end of the year, even though sure such a thing could happen and such a thing is possible, but it is not like one of those high odd considerations to be waiting for down instead of really seriously reflecting upon whether you are adequately prepared for up, in case down does not happen.
Yeah... King Daddy is going to do what King Daddy is going to do, no matter what we say or want. In that sense, I guess one could say that the next x hours are critical
for him/her, where x can be anything... After several years of HoDLing, going through ups and downs and long bear seasons, I find myself becoming more "mellow" in how I manage my buys and sells and general activity/attitude towards King Daddy. I let him do his thing, while I sit back, relax, zoom out, or don't look at all, and act according to my needs. As far as buying, I'm already kind of OK in terms of quantity of BTC (can this even be said, I wonder...). As far as selling, I don't have any immediate needs that justify selling even small amounts of BTC (still keeping even LFC_Bitcoin's prize corn!). Basically, currently Bitcoin only serves as a psychological reassurance that I can do some wild and crazy stuff if I want to, and I can survive (and enjoy) the rest of my life without wage-slaving myself -- the latter part is the most important. So, there are very positive things that can happen in one's life by merely HoDLing BTC, instead of actually spending it. It's kind of like a country which holds nuclear weapons in order to keep the peace. There was someone's avatar motto here in WO that said this. "If you want peace, be prepared for war", or something like that. You don't need to actually detonate the nuclear bombs (spend your BTC), the mere fact that you possess them is enough to achieve what you want.
I'm not worried. I believe that Bitcoin will greatly appreciate in value in the long term -- it's a
when, not an
if, as The Dude commented earlier. Whatever happens will happen when it happens. I'm not in a hurry. No ranches to build or lakes to buy. I'm satisfied with what I've got, and some things cannot be bought even with BTC, so there's that too.
Having said all of the above, I still believe and predict a major non-ant UPpity action this year, possibly touching 6-digit prices. It could happen with decent odds. And even if it doesn't, the odds of it happening soon after will approach 100% in the coming years, as we get closer to the next Halving.
tl;dr: Bitcoin is not only about material needs. It can take care of you in more ways than you thought possible when you first bought it years ago. No need to rush it or worry about short-term price noise. Just let it do its thing, and it will reward you greatly. That's the way I see it, anyway.
Poll
