Where is the said sell-off, though?
It's maybe looking for a MtGox selloff?
We should ask our 'selloff specialist', perhaps.
I maybe see one but admittedly, if it was, it was pretty weak. I think the underlying motivating factors right now are good and we are yet to see the real effect of the halving supply shock.
I think many are just waiting for it to top higher before they start Selling.
Some are currently bullish so would hold for now.
Yes.. hopefully short-sighted folks like yourself looking for a spot to sell at a higher price don't end up selling too much too soon because you and them are expecting to buy back cheaper.. . We've seen a lot of losers taking those kinds of tactics, especially treating bitcoin like a trade rather than a long term investment.. but yeah, sometimes you have to get burnt a few times before learning, and surely some folks take several burns and seem to not really learn, especially since trading tends to devolve into a kind of gambling, so it becomes quite difficult to stop yourself from doing dumb things, such as having a winning investment (such as bitcoin), and then turning it into either a loser or something that you ONLY value for short term fiat gainz.. and then realizing that you did not even actually understand the power of the thing (in this case bitcoin) that you had held.
The bitcoiners who have done the best have tended to error on the side of accumulating BTC and holding it and not really starting to sell any of their BTC until they have accumulated enough or who have overly accumulated. No one can really tell you when you have reached such status, yet you Ambatman with a forum registration date that is ONLY slightly greater than a year, you sound like someone who might not really understand bitcoin very well if you are thinking in terms of selling on the pump and trying to buy back lower, rather than getting through a whole cycle with mostly buys. and then to reassess where you are at after a whole cycle.. unless for some reason you have reached a status of over accumulation, which surely I have my doubts, but never say never, you know your situation better than anyone else... even though likely you need to keep in mind that it can take 30-40 years or more to really build a strong investment portfolio, and even though bitcoin provides some abilities to cut that in half and potentially even greater than cutting that time in half, it still tends to take a decent amount of time to build an investment portfolio.. so hopefully if you have ONLY been in bitcoin for a bit over year, you had been able to get a position in bitcoin in that time.. yet I have my doubts, since you are talking about selling rather than building your position.. so I have my doubts whether you have had already established any kind of meaningful bitcoin position in such a short period of time.
I don't know what brought about the conclusion that am not holding.
Your own post brought it up. You were talking about selling at higher prices, so that sounds like a trader mentality, and the contents of my post largely already addressed my perception of the way that you were talking about dee cornz... sounds like a trader and a short-term perspective and kind of a lame perspective that is just looking for short term dollar appreciation - especially for someone so seemingly new to bitcoin.. and yeah, as I already suggested, a lot of newbies end up screwing up their own options when they think about bitcoin as a trade and/or about short term profits, but hey whatever, you do you.
Been burnt countless times before especially last year because of trading rather than holding
Hopefully you will learn your lesson, yet I already mentioned that too... so to me it sounds as if your mentality has not changed very much. .You seem to be contemplating the various ways that you can make dollar gainz rather than having a longer term perspective that might go a couple of cycles or more down the road, rather than playing around and trying to be greedy... but again, I don't likely know your circumstances well enough, even though generally I suggest that most normie newbies should be accumulating at least a whole cycle and maybe two cycles, and when they stop accumulating would ultimately depend on their own circumstances rather than a broad rule in that regard... yet an overwhelming majority of the world do not have any or enough bitcoin, so if you are proclaiming to be different, I am not going to presume that you have enough bitcoin that would give you liberty to fuck around with selling, especially when you are suggesting that you would be selling to buy back more BTC cheaper, which truly, from my perspective, is not a good way to attempt to accumulate bitcoin and get to a position that you either have enough or more than enough.. and based on some of your own representations, I doubt that you are there yet.. unless you were to say otherwise.
I can proudly beat my chest and say there are few people in this forum that hates trading more than me.
Whatever.
you talk quite a bit like a trader, so maybe I could be wrong, yet I doubt that you have gotten over your trading mindset when it comes to dee cornz. You might need a bat slappening and since you have batman in your name, maybe it would be quickest for you to just slap ur lil selfie... so one of us in these here parts doesn't have to do it... perhaps, save us a bit of hassle? perhaps?
I have portions I accumulate on and other I save with
In theory that sounds good.
My countries currency falls as the day goes by
So am adverse towards keeping most of my funds as Fiat.
I am not sure if the solution is to hold money that you need in bitcoin, maybe you might have to have some stable coin in the mix if you lack confidence in your own currency holding value.. of course, stable coins are pegged to the dollar so they lose value like the dollar, yet each of us has to be careful to make sure that we are aggressively allocating into bitcoin, but not overly doing it, so there may need to be an appropriate amount of balance in terms of how we might maintain our emergency fund, reserve funds and float.. so that we don't get caught with ONLY bitcoin and nothing else end then having to sell bitcoin at a time that is not 100% of our own choosing...but yeah, sounds like you are keeping you expenses money in bitcoin, which sounds like gambling and/or trading to me rather than investing.
The amount I sell can barely make a dent in the grand scheme of things
A person sells sometimes doesn't necessarily mean they ain't holders
Yeah.. they are traders and gamblers... and no selling means that you are not holding. Whatever you are doing sounds like you are likely keeping expenses in bitcoin which is surely not likely to be amongst the best of practices, even if you claim that it is not trading.
I take Bitcoin personally as a long term investment and another as a method of saving my funds against inflation
The way you describe what you are doing sounds a bit confusing to me... .. since I consider any timeline of keeping money in bitcoin less than 4 years is a form of trading rather than investing (or holding), so to me it sounds like you are fucking around with getting in an out in less than 4 year timelines which sounds like trading and gambling to me.. and not even in the category of holding.. but yeah, my definitions are likely more strict than yours when it comes to differentiating trading and investing, especially when it comes to bitcoin... but whatever, you can do whatever you like when it comes to your own bitcoin strategy and BTC portfolio management.. in which you are seeming to trade on a less than 4 year time line.. which seems risky to me.. but again, do what you like...maybe you have it all figured out (as you imply) and I am reading too much into the matter.
So choosing to sell from the savings section isn't quite a crime to me though TBH.
Yeah.. but your way of framing what you are doing is a bit strange, and it sounds like you are largely trading..
You should know that bitcoin is too volatile to keep it as a short term savings (especially less than 4 years), so from my perspective you are convoluting and perverting the terms when you are categorizing your trading and likely gambling activities as if they were savings.. which your idea of savings seems even to be a bit off-kiltered based on your seemingly short timeline expectations, so hopefully you are not overly confusing other people to the extent that you are not even confusing yourself with such seemingly opportunistic and largely ambiguous definitions of what you are supposedly doing in terms of managing and categorizing of what you are doing with your BTC.
Coin Market Cap still has 24h high at $69,987.54, so 70K hasn't been breached according to them, just yet.
We don't use coinmarket cap in these here parts.
#justsaying 
As fillippone already stated.. See below:
...wondering if we're going to see the $70k resistance broken today.
$70k achieved just now…
$70k achieved just now…
Too brief.
That $70k wall is like a real bitch, isn't it?
March-May-July. Three times. But those really intimidating sellwalls were set a few k's above.
They will be going to take a lot of energy and multiple attempts to go down. That's when the real fun starts and we'll likely revisit $70k from about $75k to $80k multiple times.
I hope $80k is breached by the end of Q3, but that smells a lot like hopium to me right now.
It could well end up being the case that by the time we get to $80k-ish there are no more coins to sell if too many coins are spent trying to defend $70k... I am not proclaiming to know anything, but sometimes, the price of dee cornz ends up moving fast after the resistance levels end up getting broken. This time? who knows? We just have to wait it out and perhaps have our own systems of dealing with these kinds of matters in which the end objective should be that on an individual level each of us is sufficiently/adequately prepared for UP in case it ends up happening.. and yeah, if we are not prepared for up, then we may well not end up getting chances to buy back at the lower prices that we had been taking for granted.
US Government paper handing then. Seems like an F U to Trump after he spoke positively about Bitcoin and hinted at a US Strategic Reserve, promising not to sell any of the coins they currently possess.
We’re ticking off these FUD weapons though aren’t we. Germany done, Mt Gox on the way to being done and now US Government selling. Price is holding relatively strong at $67,457. I think 3 x from here by the end of 2025 seems very possible. FUD is running out, not much to stop us soon.
I was a bit bothered by the way Trump described holding onto seized assets, and then implying seized from you guys, but not really clarifying the point.
RFK Jr. has a much better framing of the matter in regards to the US government buying a certain quantity bitcoin on a regular basis... and there surely is some ambiguity in terms of due process considerations regarding ceased assets and there should not be incentives for governments to go out of their way to seize bitcoin, even though it might not be easy to avoid those kinds of happenings... yet I would not want due process to be thrown out of the window.. including that the USA government still has around 95k bitcoin that were seized from the Bitfinex hacked amounts, and those seem to belong to Bitfinex and even the coin recovery process that Bitfinex had set up in regards to those coins.. so gosh I am not sure what the USA government is arguing in terms of being able to keep those 95k-ish coins rather than giving them back to Bitfinex, even though there could be some way of potentially settling the matter without the USA govt keeping all of the coins.. a kind of 10% finders fee or something quasi-reasonable... but who said that governments are reasonable, especially when they are desperate, especially in regards to many governments seeming to be quite desperate in regards to various financial matters that they seemed to have created for themselves over the years.. and. .since in practice, printing money does not solve as many problems as it seems to solve in theory.
That $70k wall is like a real bitch, isn't it?
March-May-July. Three times. But those really intimidating sellwalls were set a few k's above.
They will be going to take a lot of energy and multiple attempts to go down. That's when the real fun starts and we'll likely revisit $70k from about $75k to $80k multiple times.
I hope $80k is breached by the end of Q3, but that smells a lot like hopium to me right now.
well we all know that once bitcoin surpassed the price of $80kish the next stop will be the range of $100kish and above , so all we just have to do is to sit back and let it cook,
but still we all hope for the best .
I question the extent to which "we" "know" anything.
Sure there seem to be certain areas of resistance, and there is a lot of logic that BTC prices should be able to 2x to 3x to just account for the additional buying pressures that likely had come through the new onramps provided by newly issued spot BTC ETFs, yet even with all of the various logical determinations, bitcoin does not necessarily behave logical, and we are also in the midst of a war (which also includes that largest wealth transfer in history), so you cannot really expect any kind of a war without some fights and some ambiguities and even some casualties on both sides... so surely personally, I am not going to make any overly confident assumptions, even if the base case might be for UPpity. ... sometimes (or frequently) the base case scenarios do not quite play out as planned (hoped).
Just about entering the supply zone budy decline
but still on the trend probably for a minor retest
Oh? "Supply shock"? and other "thing-ee-ma-jig-ees" going on too?
Poll
