Perhaps members here would send you more smerits if you tried to make your images more presentable? size.
For sure that infographic makes sense if you know what Foss's argument is.
So he is asserting that the whole current addressable market of value that bitcoin could represent is $900 trillion, and if bitcoin were to capture 5% of that addressable market, then bitcoin would be worth $210k at this time.
Yet our current bitcoin price is quite a bit below $210k, which means that you should continue to buy bitcoin.
on the other hand, if you do not believe the model, then you better rethink your thinkings about the model because it is fairly conservative model (and still buy bitcoin while you are rethinking your model.. hahahahaha)
It's a great argument, once you understand it... and that graph is a wee bit mathematical.. but if you continue to think about what it means, then it should start to make sense for anyone who is older that 10 years old (presumably able to employ logic.. hahahaha and some folks younger than 10 years old should be able to understand these kinds of concepts and logic, too).
The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.
Honeybadger will wake up & start going on a tear but maybe not for a year or more.
Sure no problem.. .but pee pare ur lil selfie for UP, too..
In other words, be careful in terms of overly preparing for a DOWN that may or may not end up happening.
Remember $4k in 2019.... there was a bit of dancing around before the BTC price finally broke above it.
I surely have buy orders down to around $13k, but it is quite possible that we will never see sub 200-week moving average,
ever again (I mean in this cycle).
Remember 2015?
We spent more than 8 months largely around mid-$200s, and we had one test of $300 in July, yet in January 2015 we had a dip down to around $150... and then again in August we had another test of $200.. but it did not really break below $200, but it sure felt dire and low to get a second test of down around 8 months after the first test of down.. and those kinds of test are not inevitable, even if they happen, and there were still quite a few folks who failed to prepare for UP during that time, and any coins that you bought through most of 2015 would have been good to buy even if your confidence was not that great and even if you might have had some cash in reserves just in case the BTC price dropped lower..
so it was not completely easy to get back above $300.. but it ended up happening. and then those sub $300 prices were not even available.. and the same ended up being true for sub $500 coins in May 2016.. so the dire gloom about dips being inevitable or having high odds of happening should not preclude you from making sure that you are prepared for up (even if you are simultaneously preparing for down (just in case))...
Fuck crypto.
The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.
Honeybadger will wake up & start going on a tear but maybe not for a year or more.
Would love to see around $12k-$13k though I have started buying ever since it got down to $17k.
Hopefully you are prepared for Up too, little mouse.. just in case your downity prayer does not end up happening as you be hopening.
Lot's of people end up fucking themselves when they either get too greedy in their downity preparations.. and at the same time failing/refusing to do the prudent things, such as DCAing or at least having some preparations for UP.. rather than hoping for a bargain that may well not end up happening... and you might even be lucky to get any more coins below the
200-week moving average which is at about $23k right now.
The current failure to capture & subsequently hodl $25,000 doesn’t fill me with confidence that the bottom is in. I would advise you all to have dry powder loaded on exchanges for potential lower lows. I’ve seen this movie too many times before.
Honeybadger will wake up & start going on a tear but maybe not for a year or more.
I would normally disregard such a bearish post by LFCB but taking into account the guy almost caught the previous ATH and cashed out near the top this makes me feel concerned. Selling now and buying back at $17k-$15k-$13k seems too easy to be true. Easy money. What if there will be no last bottom as there was no blowoff top? Play safe and hodl or gamble?
Horey sheit.. !!
anyone selling to buy back lower is dumb as fuck.
Even though there are ways to shave some of while the price is going up to have insurance in case it goes down.. but that is a different story than any kind of need to be selling large portions of your stash at these prices.
On the other hand: Do whatever the fuck you want. Sell all your BTC waiting for the price to make a lower low (such as sub $17,593), and have fun staying poor..
even waiting for sub 200-week moving average or alternatively sub $21k could end in the same results.. the HFSP results.
Poll
