FYI: take it with a grain of salt, but one of my "proprietary" indicators is flashing red in the the last 5-7 days.
Beforehand, the market top (at least a local one) ensued within 1-2.5 mo (that would be Mid April-end of May).
The price is unclear (not predictable).
This is a public service announcement and I would probably not going to trade it, but would watch the dates closely.
Oh gawd..
sorcerer wannabe.
Where is my grain of salt that I must want to be taken? is it sea salt? regular salt? Himalayan pink? ground or course?
You know that BTC price is
always pending to correct BIGGEDly.. so it is a matter of whether the correction will come while we are in noman's land or between no man's land and $100k or maybe between $100k and $120k or maybe sometime after that.
And, how big of a correction are we talking about?
These recent ongoing dumps for ants that have been happening since January and even we could say the same thing since October and also we could also say the same thing since last November 2022 (16 months ago) are likely just allowing for continuous UPpity to make it easier to get past $100k when we get there..
On the other hand, if we go shooting up to $80k, $90, or even $100k too quickly in the next few days or even few weeks, then maybe at that point the buying support would not be able to keep up with the price..
But we are not in such a situation in which the buying support is not keeping up with price .. which means that so far that UPpity has not been so outrageous as to really lose anyone... and even the corrections have not been outrageous either (for ants as I already mentioned).. this latest one 11.1111111% from $73,794 down to $65,569 (insert my coins are only worth what they were worth last week meme). Hardly even that remarkable, so far... except just seeming to allow for buying support to continue to keep up with ongoing price movements..
It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.
Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.
#LifeGoals
Edit: terrible maths...
Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).
This is wonderful. How on earth will anyone believe that a property that is value at 25BTC in Portugal last year will currently be value at 8BTC making it the difference of 17BTC reductions. If I may ask what actually result to this drastic reduction , could it be as a result of economic policies or political policies in the regulation of the value of Bitcoin that will equivalent to certain property in Portugal? However, as for your proposed expectation of reduction of value of property to be equivalent to 0.5BTC I don't see the possibility of such assumption.
If you had not noticed nearly everything is going down in price when it is measured in BTC (including Euros as Phillip pointed out above)... so that is part of the reason that it sucks for folks who don't have much if any BTC. which likely means that they should get BTC rather than getting other things that are not likely going to hold value, especially when measured in terms of BTC.
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