From the looks of the volume this morning it appears that Saylor may have made his $700,000,000 buy about 45 minutes ago, sending the price about $400 higher before immediately dropping to new lows. Not a good sign at all if true. I was hoping we’d see a $2K move upward with only a slight retrace. Seems the big boys on Wall Street are dead set on causing some pain and creating more sellers.
I think you have a tendency to read too much into largely noise in order to contribute to the hype-train.. .. but hey, whatever, to each their own.
A $700,000,000 buy is market moving and its effects say a lot about what’s going on. Seeing the shorts grow while buying continues is important to understand in order not to panic sell when future buying demand (shorts) is increasing. I follow the 4-year cycle and all this “noise” isn’t something that should be traded, just heard and understood so you can identify the tops and bottoms of the cycle. Ignore it as you please, but then why comment in this thread at all?
No problem. I said my part already.. and yeah, there is something interesting about a $700 million buy that does not move the market up.. yet at the same time.. many of us are not trading on these kinds of seemingly newsworthy matters, and so each of also find different things as important.. and surely if we were all saying the same things, or emphasizing the same kinds of pieces of information, the thread would hardly be interesting, so no problem if we have a few battles here and there regarding what we deem to be important or not... or worthy of comment or not....
Look like we should have to see more pain in the market before UP.
Whoaza!!!! You call current prices at $65k-ish and our dip earlier today down to a whopping $64,032 as "pain?" I am having some troubles really feeling the thing that you are proclaiming to be.
Further, we are not even out of don't wake me up zone.. which you gotta get us in the mid-$50ks-ish for that... even though I will admit that our late April correction down to $56.5k did nearly start to get my attention.. and it almost even woke me up, too.
The slow bleed down makes completly sense to me because this is a bear market.
a bear market because 9 days of decline? cmon don't be ridiculous
A bit much to be saying such things... but yeah, if we get within 20% or 30% of the 200-WMA, then maybe I will start to consider the proposition of a bear market.. so right now, the 200-WMA is right below $36k.. so 30% above the 200-WMA would be right around $46,800.. We have a bit to go... and still I probably would need more than a spike drop to start to consider the proposition of a possible bear market.
I have no issue with my sale at 22k. I have over 50k in tax credits from that sale..
I also purchased back those coins for 16-23k dca.
So if I were to sell 1btc now at 62k I would use the tax credits and owe no cap gains on the 40k profits.
It does not sound as good when you describe it like that... you ONLY bang 10s... buy at the bottom, sell at the top.. everything going perfect and as planned... How come I am having troubles believing such after-the-fact claims?
Remember teling guys to sell around $20k?
And do you remember telling guys to buy IBonds around $16k and $17k.. For some reason I seem to remember those kinds of actual happenings while they were happening.. and surely it would not have been very good for no coiners or low coiners to be engaging in such conduct.. Oh gosh were IBonds being pushed around then, as if they were the best thing next to sliced bread... and really.. much better to have been buying BTC .. all through mid 2022 and into mid-or-late 2023.. even though surely some of us ran out of money during that time since we were buying bitcoin even earlier than mid-2022 prior to its dropping below $35k...,.
And, yeah there are some guys still expecting BTC prices to drop back into the $40ks.. and I cannot be so sure that it will not happen, but still getting the sense that ship has sailed.. and even thinking more than a 2x in profits for guys (new coiners) who would have been engaged in the better practices of consistently buying BTC through the whole of 2022 - even with both good and bad prices during such time.
A guy who would have had been buying bitcoin
at $1k per week since the beginning of 2022 until now would have had invested around $129k and would have right around 4.353 BTC right now... not a bad place to be..
And a guy who ONLY invested
$1k per week for 2 years through the whole of 2022 and the whole of 2023, would have had ONLY invested right around $105k and would have 3.939 BTC.. also not a bad place to be.
So yeah, we do not have to time the tops and the bottoms.. yet there is a certain value to continue to buy BTC .. and NOT to be fucking around with buying and selling and attempting to retrospectively justify what you were describing as a good thing.. especially in a thread like this when it is more likely that the vast majority fo the world are short of bitcoin rather than should be fucking around with trying to trade it.. . .and yeah, sure once any of us gets to a stage that we have a lot of bitcoin or too many bitcoin, then sure, no problem.. start to sell whenever you will... and maybe you will be in 15x, 30x, 60x, 100x or some other variation of profits that it might not really matter so much whether you are selling at the top or the bottom.. but at the same time, those who acquire enough bitcoin may well already have various points that they sell some and they have plenty left.. so for the most part, they may well not really be talking about profits that are even less than 10x... and so they might not really feel any needs to say much of anything either... about some coins that they sold..
Maybe I can tell a bit of an anecdote regarding some coins that a friend had moved around and had around $2k-ish in one of his wallets in around late 2020 and was doing a bit of traveling.... so maybe around 0.23 BTC so then if you recall the BTC price went up from around $6k-ish to $64k-ish in early 2021, so then all of a sudden that $2k was worth around $15k, so the friend did some purchases that were related to his traveling.. ..and maybe spent around 2/3rds of his bitcoin, so then he still had 1/3 left (that would have had been around 0.077 BTC remaining) that was worth $5k.. but then surely the price dropped back down, but those coins are up again in recent times.. .. so there may well not be a lot of concerns in regards to when to sell for guys who have enough or they have plenty of coins... but yeah, he still might be picking up some coins along the way too.. such as on dips.. .and just selling whenever.... but still $20k and even $30k and sub $30k were dip times rather than selling times.. at least for most guys who had been in bitcoin for a while... .,.so it just seems problematic to be doing the opposite.. unless you might just be shaving off small amounts... but not really something to have been aiming to do..
Look like we should have to see more pain in the market before UP.
Where is pain between 60-70??
When btc was 20k
Was there pain at 17500?
I recall that was right around late 2022 when gallianooo was talking about $12k prices that ended up NOT happening. gallianooo seems to really get pleasures from DOWNity fantasies..
Look like we should have to see more pain in the market before UP.
I buy the top it dumps, I sell the bottom it pumps (straight downtrend) ?
Like your username seems to imply, just keep buying dee cornz.. maybe every week of $100 or more (or whatever you can) for the next 4 years and don't sell. .and then after 4 years of those continued weekly buys, reassess if you should continue to keep buying or just hold your BTC from there until maybe you have enough.. yeah, $100 per week for 4 years might well not be enough, but perhaps your budget
(your discretionary income) allows for larger buy amounts than that?
Good luck newbie.. It sounds like you might need it, and hopefully you shake ur lil selfie out of ideas of selling (trading and/or gambling) especially when it comes to king daddy cornz... you gotta get ur selfie a bit of a stash. that may take quite a while before starting to even think about selling any of it.. that is the better approach, especially if you realize the whole world is largely short cornz.
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