@JJG
why are you even replying to this bot?
Because JJG's ignore list is empty (so he says).
Yep. That is still true. I don't have any members in my ignore list.. I mean I never have used that feature.. at least so far... even though surely there are some members who I might ONLY skim or largely ignore their posts.. gut yeah, the skimming might identify some area of interest or even potentially "worthy of response" from my own independent judgement perspective. So largely, I tend to exercise my own independent judgement in terms of which posts to respond to and how to respond, even though sure from time to time, I might take into account the fact that some members might get irritated by my choice to respond to likely disingenuine clown twats, to the extent that they might be real people rather than bots.
Bottom is ore almost in.
We endured many 30% dumps before.
Every single decline since Bitcoin's inception has been followed by new highs, this time is no different.
Wiping out leveraged cunts before resuming the bull.
Rooting for it
Would feel pretty amazing if BTC does it this way.
Remember this is still a correction by definition .
Any of us who is looking at BTC price performance and trying to figure out whether we might change any of our preparations based on our ideas of BTC price direction, we are going to assign probabilities and we are going to account for past happenings in order to perhaps attempt to learn what might be happening in current times...
So maybe one of the questions in front of us is whether we are in the midst of a fake out while the bull run is still going, or alternatively whether the bull market is over and we are transitioning into a bear market.
We come up with our own personal opinions based on considering the various pieces of evidence and maybe assigning probabilities based on how much weight we might give to each of the factors and perhaps including our considerations in regards to how we might think about bitcoin's value proposition and the evidence that we see (whether true or not) in regards to how those knowledgable about bitcoin are assessing bitcoin and also perhaps considering how some status quo rich people, and/or status quo powers that be institutions and/or governments might be changing their tunes about bitcoin.
None of the pieces of evidence are solid.. even though they might push us towards believing in one direction or another.. or at least leaning in one direction or another regarding what we might think that might happen and also perhaps we have plans in place that largely cover a variety of future scenarios, so that we might have inclinations towards one thing or another happening, yet we are not going to be financially and/or psychologically devistated if our base case scenarios don't end up playing out.
High was Oct 6th at 126k
-20% is 100.8k
we hit that on Nov 13th
2 months of that mean Jan 13th is the earliest day bear can be true.
until Jan 13th we can only be correction or back to bull.
Why do we need to accept some outside definition of what is a bear market or what is a bull market? There are a variety of scenarios that could play out that might breach your expectations but still end up with the bull run continuing and our not going into a supposed bear market.. as many folks are likely prematurely considering us to be in right now... and sure they might be right, but sure we need to see further time pass by and also further price action that might support such theory.. yet at the same time, I doubt that many guys here are going to accept strict definitions of what is a bear market or a bull market when we are dealing with bitcoin and we are still trying to figure out some of these definitions that might not really apply so much to something like bitcoin, since it seems to relate to the adoption of a disruptive paradigm-shifting protocol that surely is getting mixed reviews in terms of whether elements of the powers that be are accepting it or battling the acceptance of it.
These battles in regards to the adoptance and acceptability of bitcoin are likely not going to go away and some of them are on the surface and others are likely more covert... including that some folks may well consider various aspects of the current US government friendliness to bitcoin is a kind of attack on bitcoin in terms of trying to co-opt it.. so there can be both a bag pumping acceptance in that, yet also there can be some price suppression attempt possibilities too.. We don't even always know what is going on behind the scenes - even if we can see the BTC price moving up and down and sometimes draw inferences from the BTC price action that we see..
and yeah there are guys attempting to study third-party custodial arrangements and also trying to figure out the extent to which some third party entities are faking their BTC holdings... There likely are quite a few that are faking their BTC holdings, yet there can be questions regarding the extent to which their faking of their holdings is going to come back to reck them if there are movements of the claimants to obtain actual custody or actual accountability regarding the real quantity of their coins... so yeah, if we are seeing various reports that add up to high levels of coins that seem to go beyond the actual quantity of BTC in existence, then red flags might be raised.
MYSELF I added thousands in btc during this correction and will continue to add via dca mining and dip buying.
My $89k BTC orders were within dollars of being filled, and none of them were filled. That is a bit frustrating, even though it happens from time to time. It is still difficult (or too early) to conclude whether the bottom for this particular correction is in yet or not.
Thinking of Mindrust will do it. Always good for a mental giggle.
That one is sad but true, and it is one of those situations in which a lot of folks do those kind of things, but they usually would not put the blow by blows into writing. I feel bad about the whole thing, even though for sure several of us were trying to talk him into sense and even though so many times we also his situation as an example of what not to do, and even at the time that it was happening there were several of us telling him that he was going to go down in history books, especially based on his stubborness in not coming around.
I know, it's almost like a morality fairy tale for the bitcoin age. I totally understand it; the stuff was at like 18k or so and dropping fast to 2k. I think even Bob Law sold a huge chunk to buy his boyfriend out of bondage or something.
For sure not everyone reports, especially not live action as they are doing it.
Frequently if I make any mistakes, I will tend to report them later and I also will think about how I am going to say them... so some credibility likely needs to go to mindrust for doing that live reporting.. even though he has had some of his annoying interactions with some of us too.. to cause him to be considered in less sympathetic ways.
By the way, factually with the mindrust situations, it happened pretty much on the 12th of March, 2020, and you can go back and look at the posts (which is another laudable thing about mindrust is that he did not delete his posts).. so largely he had several months of agonizing over the ups and the downs of the BTC price, and I think that he was starting to get pretty cock-assured that the BTC price was never going below $6k again... since I think that we might have even made it to $10k and then we were bouncing around $7k to $8k right before the BIG crash down to $3,800.. so then I think right around when the price broke into the $5ks mindrust had reported that he had just bought some bitcoin and bought his totals above 10 bitcoin. .but then a few hours later, when the price was around $4,500, he reported that he had just sold every thing.. every single coin and he was not going to buy back until perhaps somewhere in the mid-$1ks.. something crazy like that based on how smart he was and his agreement with Masterluc who had also made that kind of an assessment that we were going back into the $1ks in order to retest the 2013 ATH (which was around $1,200)... so yeah.. quite crazy.. .crazy times for all of us, and there were likely more mindrusts, even though that particular situation started to become somewhat clear that the bottom was probably in, yet no one really knew for sure that the bottom was in until perhaps a few months later, like in May or June perhaps? especially since there continued to be a lot of ongoing weird macro events, even though by the time we got to May or June 2020, bitcoin was showing that it was recovering quite a bit better than many of the assets of the traditional markets.
Then again I have my $50,000 Wii U. So we have all those kinds of moments.
I guess my philosophy is if I don't need the money or want something to enjoy why bother selling? When I do sell I use the money for amazing trips or experiences that will make me feel happy no matter where the price goes in the future.
You might not be the greatest role model either (in terms of potentially cashing out way too many coins too soon), but yeah, at least whatever you are doing fits within your own parameters of dealing with bitcoin price appreciation matters, and it seems to me that many times, it is better if we try to get ahead of bitcoin's price moves so that we are buying on the way down and selling on the way up.. to the extent that we are doing either of those, otherwise maybe we would just sell whenever we feel like it, within what we deem to be reasonable in order to meet whatever extra expenses that we might have that goes beyond our non-bitcoin income and/or cashflow sources.
Surely it helps to get to a certain stash size that we might not really give too many concerns if we are selling at the top or the bottom, even though surely many of us likely already have tried to put systems in place so that we don't end up selling at the bottom, and if we do then we are selling relatively small amounts and saving our selling for when the BTC price goes up to the extent to which we might consider the ups and downs to be very much of a consideration in terms of how much we might be considering consuming in our regular life... so for example, if we were going to buy a lambo with our BTC.. or whatever, then maybe we do that when the price is going up so ,maybe we could have had done that at various points in 2025 as the BTC price was going up.. so maybe we did not sell at the exact top, but somewhere in the ballpark... so then when the BTC price went below $100k we were no longer selling.. Maybe we were't buying either.. or maybe we would buy a few to offset our lambo purchase from earlier in the year.. There can be a variety of ways to deal with bitcoin's volatility so that we are mostly selling on the way up and buying on the way down to the extent that we are doing either at any particular time... so we are mostly ahead of the game rather than panicking.. and each of us likely have our ways to attempt to protect ourselves from getting overly emotional and perhaps minimizing the doing the wrong thing at the wrong time.. such as selling on the way down or buying on the way up.
Poll
