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?
Well, let me share what I have done. I was buying BTC for a quite long time after the crash in 2018. In the last bull, I couldn’t make a good forecast (I'm a bad trader) and sold all around $31k-$35k and invested some in some alts. I was in good profit. I was almost no-coiner for a long time after the bull run.
Recently, when it got down to around $17k, I started buying back just because I don't want to miss the chance as there could be no more bottom. Waiting for a drastic dump and I will go all in.
I thought that we already had a "drastic dump" when we both went below $28.5k around June 11, and then we went below $22,300 which was the then 200-week moving average, and then we even went 25% below the then 200-week moving average down to $17,593 on June 17, and we mostly stayed below the 200-week moving average for a month and barely recovering from that in recent times because se are still just only so far bouncing less than 10% above the 200-week moving average, which is now at about $23k.
Yeah, sure we might get another "drastic dump," but Jesus fucking Christ, why be looking a gift horse in the mouth in order to fantasize about more "drastic dumps" when you have already been given some pretty damned good ones.
[edited out]
Miss it once and your fucked.
hahahaha.. that's another way of saying a very similar thing. Why get greedy when we already have a good thing.... but the no coiners say, "I see your 'good thing' and I want to make it MOAR better." We have seen it plenty of times, the perfect could end up becoming the enemy of the good.
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