I love it when bitcoin drops like this.I even think it will go down as much as 25% before it goes up. But the reason I love it besides cheap coins is that it shuts up all the detractors. Nobody falsely calls it a scam. When it goes up over the next few years the hodl strategy will once again prove to be the best. Finally bitcoin just carries on functioning as it has since day one. Longevity matters and it is like a poke in the eye to the detractors. I am in seventh heaven….
I am not sure how reflective your comment is of a longer term HODLer, and your forum registration date is very similar to mine, but I don't feel anything close to your purported elation.
I grit and bear it.. at best, and yeah I keep buying to the extent that I can, but it's not always easy to get excited in regards to BTC price that are hovering around the 200-week moving average.. and one thing is that historically, I had been used to BTC prices bouncing around the 200-week moving average for decent periods of time - including even failing/refusing to move up... such as most of 2015...
I had also gotten somewhat used to bitcoin prices bouncing below the 200-week moving average and even staying below it for short periods of time, but nothing quite as long as our so far largely staying below the 200-week moving average for more than 2.5 months, and still no end in sight for when we might get solidly back above the 200-week moving average.
Of course, I agree with other aspects of your post regarding bitcoin NOT being dead in spite of the many bitcoin naysayers coming out of the woodworks and even increasing their vocalism.. and likely going to be proven wrong.. but in the meantime, the bitcoin naysayers seem to be the ones who are mostly believing that they are having their hayday with more confidence in terms of their contemplating that bitcoin is really dead this time - or that it is otherwise subservient to the commands of the fed and other delusional nonsense like that... not easy to feel very elated in these circumstances... even though I am not even feeling in any kind of negative state regarding finances and/or psychology.. but it seems that these relatively longer periods of negative can still be a wee bit grueling upon longer term BTC HODLers, incuding but not limited to yours truly.
.....
https://bitcointalk.org/index.php?topic=178336.msg58191771#msg58191771Hey you owe me royalties bro. That's me.
Some bastard hacked my MySpace selfie page years ago and is making $millions ever since....
(payable in
BTC of course)
36SiRaZiMuthrocksSend10bitcoInHEre
(edit...Added note for all noobs to this thread....I like to take the piss... burp)'
just sold a piece for 60k
For those of you rejoicing too much in regards to selling a chunk at $60k-ish, that might start feeling like Bawb's selling of a million or so at $15k in November 2020.. felt good at the time, but we never even came close to returning to those kinds of numbers.. and really we ONLY came down to about $30k.. which is about double $15k.. the last time that I checked.
maths.
and
science, too....
that didnt age very well....
(You know I still love you jay... I only bumped it because it was right below the
post I searched for, LOL)
I don't have any problem with the contents of that post, and it is a post that is captured in its time and is consistent with what I tend to say at most times. which is you better be prepared for both UP and DOWN.. but mostly UP... many people under-prepare for UP... even the HODLers of bitcoin...
On a personal level too, you likely also realize that I attempt to follow a practice of selling on the way up.. but at the same time, I will tell newbies that you better not be fucking waiting.. you better get the fuck started, and that does not matter so much about BTC price, but they they are responsible for any way that they go about buying BTC and getting a stake...
I started buying at the top in November 2013.. and I have no regrets about it.. so I have no regrets pretty much continuing to say similar things.. even though I do feel smarter about a lot of things related to bitcoin and even ways to structure BTC buys and getting a stake in BTC and things like that since November 2013.
Furthermore, I do not advocate selling in order to buy back lower, and especially to be careful in terms of selling BTC when in the accumulation stage.. .. but once any newbie might get to a certain level of BTC accumulation s/he will surely have more options and even feel like s/he has more options.. so for sure each person has to be responsible for how they get into BTC including how much they would be buying on the way up.... versus waiting.. and at the same time, we cannot even know whether we are in a no man's zone that it never going to come back down or not.. which seems to be where we were at in mid-October 2021.. .. so in mid October 2021 we were getting close to the then top, but we would have had hardly no fucking clue if the BTC price would actually go through deadman's zone (which I had considered to be around $80k at the time), so yeah of course, now in retrospect, we know that around November 9th, the BTC price hit its top for that particular cycle.. but we ONLY know that in retrospect.. and we can ONLY assign probabilities, anyhow, for which way the BTC price is going to go, how far it is going to go and even how long it might take to get to where it is going, and pretty much many of us, including yours truly did not know that $69k was going to be the top, just like many of us, including yours truly did not know that $19,666 was going to be the December 2017 top... . and in retrospect to say that you knew that the top was near in mid-October 2021, then let me see what else you were saying and if you just always said the same thing over and over and over.. just like some folks continue to call the top any moment.. all the way from $30k up to $69k, and yeah sooner or later, they were going to be correct.
No regrets at all, and I am not taking anything back. You better fucking prepare ur lil selfie for UP... but also for down too because we might not go up.... and also prepare yourself to be responsible for your own ways of planning to employ your financial strategies in a way that is sufficiently and adequately personally tailored to account for all of your circumstances and your views about BTC price is ONLY one of the factors and any ability to get the BTC price direction right is also ONLY one of the factors that is part of the accounting.. and do I need to repeat the others in order that each of us is personally responsible for tailoring his/her own situation in order to attempt to prepare for any price direction including extremes that might go beyond expectations in either price direction, too?..
Anyhoooo. no need to get caught up in the past, because I will have to just batslap you for funzies if you are going to attempt to claim that I was wrong (or I was more wrong than any udder peep).. even if we can look at the BTC price charts and we can confirm that the BTC price did end up going down soon after mid-0ctober 2021.. to find us in our somewhat perilous state of BTC prices of today.. and by the way, I feel pretty good about how I played my BTC matters, even though sure there are ways that I surely could have done better, but it is still not easy to figure out if I would have actually changed much if anything that I did (and said) if I am trying to figure out my words and actions based on information that I had at the times that I presented such words and made any related actions.