cmon rip it off already and let's go to 60k so we can start the real fun.
However the sideways market might easily go on until fall or winter
I agree about the sideways market. It felt like everyone was new here talking about how the price would rip right after the halving. Not only does it take a year + to hit the high, but this time we also have the mtgox funds to unwind and Wall Street shorting. The market will go up again when mtgox funds are distributed and Blackrock decides they have gotten as many coins from the weak hands as possible. I’m guessing October.
Buy ladder hit at 64.1k so I wiped out my 64 k ladder I have a 63k ladder in place.
Hope to do some more buys as we head sideways.
Currently, my buys are every $2k down until we get to around $57k, then they become every $1,500 until we get to $43k and then they are every $1,250 until we get to $28k and then they are every $1k... again having my doubts about even getting into the mid-$50ks.. but sure, it could happen.. just seems strange,. but what else is new about the cornz.. especially since we did get some payoffs for having ATHs prior to the halvening.. so I suppose not continuing to go straight up might be reasonable.. even though I am still thinking that with the ongoing ETF purchases, $120k, to $180k seems a reasonable consolidation period within some point of 2024.. but hey.. who knows.. it would not be the first time that I was wrong.. but at the same time, I don't really change my practices very much (just on the margins) in accordance with my little rough guesses (hypotheses).. so in this particular case, I already have some ideas about where and how much I will set my $120k to $200k sell orders, even though I have not actually set any that goes beyond $150k.. but the tentative plan is already in place - even though I don't really like to set me orders much higher than 2x to 2.5x higher than whatever top that we had already reached.. .. but then most of my sells to $150k had already been somewhat in place since late 2021 ... the only thing is that I tweaked them a bit and one of the exchanges had not let me set them all the way up to $150k (that was initially Binance, and then Binance US).. . .but now it is allowed to go that far up since about June of last year...
[edited out]
We currently have everything in a 'green light' for BTC. If we cannot go higher with all of that till that time (halving / spot ETFs mostly / white house talking about btc & crypto for the election...) then I have some doubt where we can get MORE good news and fomo than this.. But time will tell anyway.
Wow!!!!
Aren't you sounding unusually cheerie.
Did you bump your head on something?
Meaningless stats:
If you look at the graphs, both NVDA and btc appreciated almost to the exact same extent from about June of 2015 (9 years): ~270X, give or take.
I wonder how many people held btc "intact" for those years, how many held NVDA and how many held both (those must be VERY rare "birds").
Respect.
NVDA achieved the highest market cap today on US stock market.
I recall the same happening to CSCO in 2000 when it overcame GE and MSFT.
CSCO "peaking" was not sustainable as once the Internet build-out was largely completed, less growth occurred.
IMHO, same fate for NVDA, eventually.
EDIT: You didn't need to hold both, though
I have a bit of trouble with any assertion that anyone seriously buying bitcoin or NVDA would necessarily engage in similar kinds of investment tactics, including any buying tactics that would lump sum buy at one point in time and then just sit on whatever had happened to have been their lump sum buy amount.
yeah, sure people do that, and yeah, sure people have traunches of stocks and/or bitcoin that they had bought in lump sums like that, but I have my doubts regarding those kinds of practices.. especially for an overwhelming majority of normies.
Frequently, you and I have gone back and forth about making comparisons to DCA versus your seemingly fantasy proclamations about various points that bitcoin might have had been bought..., so sure, I would not mind you giving me some kind of a hypothetical that compares the lump summer to the DCA'er and to actually show some kind of a meaningful difference and also to attempt to show (and/or proclaim) that you (or anyone else) can make some kind of an assertion that whatever dates (and amounts) you end up selecting for the supposed lump sum purchases are representative of what any normie would do or would have had done... as compared with the DCA'er who we can describe in terms of weekly, monthly.. and we might even throw in a few lump sum purchases with our DCA'er .. that might reflect in a fairly representative way what actual persons might have had done.
Poll
