philipma1957
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Activity: 4172
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'The right to privacy matters'
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January 11, 2024, 03:52:42 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal not to worry. I sold a few pieces of corn on the small ladder up. This is to prep for the mining ⛏️ costs for the next few months.
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Biodom
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Activity: 3808
Merit: 4076
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January 11, 2024, 03:54:45 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 11, 2024, 04:01:17 PM |
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ExplanationChartbuddy thanks talkimg.com
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dragonvslinux
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Activity: 1680
Merit: 2212
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January 11, 2024, 04:06:45 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho. Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all. Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order. Not gonna lie though, the trend is still bullish, even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K.
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tertius993
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January 11, 2024, 04:09:22 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho. Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all. Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order. I agree, I think a lot of people are going to be disappointed.
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El duderino_
Legendary
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Activity: 2562
Merit: 12460
BTC + Crossfit, living life.
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January 11, 2024, 04:23:30 PM |
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OgNasty
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Leading Crypto Sports Betting & Casino Platform
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January 11, 2024, 04:25:05 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho. Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all. Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order. I agree, I think a lot of people are going to be disappointed. I think you guys could be right. The chart certainly seems prime for a return to the 30s. The question is if you really want to try and trade it or not though. I have a problem selling and taking profits now, because I don’t want to trade in and out of the market. I want to capture the big gains. It’s like the story of the young and the old bull. The young bull sees a pasture of cows and says he’s going to run down and fuck one. The old bull looks at him and says he’s going to walk down and fuck them all. I think this applies well when it comes to Bitcoin. Patience is key. There’s no need to run.
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El duderino_
Legendary
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Activity: 2562
Merit: 12460
BTC + Crossfit, living life.
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January 11, 2024, 04:36:33 PM |
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Wouldn’t take the risk myself neither….
Few FIAT bucks profit not to be sure what it’s gonna do….
This time really can be different. *just not selling any coins on the cheap.
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dragonvslinux
Legendary
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Activity: 1680
Merit: 2212
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January 11, 2024, 04:38:02 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho. Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all. Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order. I agree, I think a lot of people are going to be disappointed. I think you guys could be right. The chart certainly seems prime for a return to the 30s. The question is if you really want to try and trade it or not though. I have a problem selling and taking profits now, because I don’t want to trade in and out of the market. I want to capture the big gains. It’s like the story of the young and the old bull. The young bull sees a pasture of cows and says he’s going to run down and fuck one. The old bull looks at him and says he’s going to walk down and fuck them all. I think this applies well when it comes to Bitcoin. Patience is key. There’s no need to run. I think it depends more on whether you took profits in 2021. Personally, I didn't. Call me naive I know, but without a parabolic run & top I wasn't inclined to do so. So without capturing $50K+ I'm happy with $48K. I'm also well aware price could reach $50K to $60K in the coming weeks / months, even as high as $80K prior to halving realistically, and personally am prepared for that scenario as well, I just don't see the likelihood. I'm also not going to be disappointed if price goes more sideways than down and finds support around $40K. In fact, I'd happily buy back at $48K some weeks/months later if that is to be the case, I just personally don't see a mild 25% pull-back after a 150% increase being all that likely. Even in full-blown bull-markets we see 35%+, which would be nearer $30K in this case. ETFs could certainly prop up the price though. I think if it weren't for the ETF launches I'd be less encouraged to sell some coin. But given the alignment/timing of price at resistance / retracement targets alongside the "sell the news" event, I found it impossible not to take up the opportunity. And personally, given the immediate fake-out new high since the launch, I'm very glad I did, as I only see price going in one direction in the near future.
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philipma1957
Legendary
Online
Activity: 4172
Merit: 8093
'The right to privacy matters'
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Wouldn’t take the risk myself neither….
Few FIAT bucks profit not to be sure what it’s gonna do….
This time really can be different. *just not selling any coins on the cheap.
Dude you are in a different league then others or at least I have that impression. If I had 300 coins in spring of 2021 I would have sold 25 at say 60k x 25 = 1.5 million after tax I would have 1,000,000 and that would cover me from 2021 to at least 2026. WHICH means I could easy peasy hodl right now. I did not or ever had 300 coins (my own stupidity as it was easy for me to do at 1 time) So I have 2 ladder ups. 45k to 70k a smaller step ladder these sales cover me for all of 2024 101k and up a large real ladder these sales give me funds for 3 years and I still hodl. But I am not at your scale dude not at all.
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BitcoinBunny
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Activity: 1512
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January 11, 2024, 05:00:19 PM |
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Maybe another 89 ETFs would help?
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ChartBuddy
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Activity: 2226
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 11, 2024, 05:01:16 PM |
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ExplanationChartbuddy thanks talkimg.com
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jojo69
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Activity: 3220
Merit: 4387
diamond-handed zealot
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January 11, 2024, 05:02:46 PM |
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AirtelBuzz
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January 11, 2024, 05:05:44 PM |
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Grayscale releases new spotBitcoin ETF commercial.
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Paashaas
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Activity: 3480
Merit: 4464
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January 11, 2024, 05:08:55 PM |
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Fake ETF pump
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BitcoinBunny
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Activity: 1512
Merit: 2585
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January 11, 2024, 05:13:53 PM |
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"Engrish MF-er, do you speak it?!"
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Gachapin
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Activity: 966
Merit: 1959
bitcoin retard
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January 11, 2024, 05:20:42 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho. Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all. Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order. Not gonna lie though, the trend is still bullish, even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K. If you are right regarding a local top Cramer would be too.. And, out of experience, that's extremely hard to swallow....
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philipma1957
Legendary
Online
Activity: 4172
Merit: 8093
'The right to privacy matters'
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January 11, 2024, 05:33:24 PM |
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Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks. Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated. You can consider my return and post as a local top signal Could be, but not by as much as you are suggesting, imho. Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all. Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order. Not gonna lie though, the trend is still bullish, even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K. this is not summer of 2019. this is 2016 pre 1/2ing miners smoked it bigly as fees were high and we rallied to 75% of the 2013 peak so go back to pre 2016 1/2ing say 3 months you get 421 on apr 11 458 on may 9 671 on jun 13 648 on July 11 which right near the 1/2ing we slumped after that date in august to 570 but as jjg says honey badger does not care. both of us could be wrong
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WatChe
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January 11, 2024, 05:37:26 PM |
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Fake ETF pump It was discussed long ago that don't get too excited for immediate effects of ETF rather wait with patience. It took less than 3 months in 2017 i to reach 20K starting below 4K. And then everyone knew CME and CBOE won't buy actual bitcoins. Now it is different. It is hard to predict what will happen in the next few months. It depends how quickly the main ETF buyers will adapt to the new opportunity to buy bitcoin ETF's. May be there will be a rush, may be not. And may be some will be dissapointed by the slow start and dump their coins. But in the long run the supply shock will make the difference of course.
I remember Dec 2017, when Bitcoin touched $19,000 on Dec 19. There was speculation rather confirmation in the market that in 2018 price of Bitcoin will be 100$k but a year later we saw Bitcoin at 3500$ in Dec 2018. Bitcoin didn't even saw 19000$ in 2018. Once again the situation is very much same. With ETF's and halving coming up next year, speculations are high about Bitcoin price in 2024. I do agree that we dont know what will happen immediately but in long run it will have an impact.
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True Myth
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January 11, 2024, 05:38:48 PM |
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Reading all the posts about sells and buys and tops and pullbacks makes me feel more fortunate about my strategy. I may not have nearly as much BTC stacked as some of you but, that puts me in full accumulation mode. I've got maybe 8-10 years before I may need to think about selling anything. This makes things easy for me... Every week when I have my left over cash I ask myself "Will BTC be worth more in 2032 than today?" Everytime I answer yes, I buy more. I did contemplate trying to sell the peak and rebuy lower this bull run but, honestly what are the chances of me actually nailing that? So many factors go into executing this strategy perfectly. Plus, I'd have tax implications to deal with. Wish you all the best of luck with your strategies. No matter if we hit 30k or 60k I'll be ready with my buys
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