for now it looks like the usual Bart during sideway times to me
But maybe I'm just too much in denial that the bear market has begun.. I want these stupid 4 year cycles to end
Patience padawan.
Any way Bitcoin can come down. So it won't last long.
Bullish soon.
@zerohedge
Japanese bonds puking on renewed expectations of rate hike: Sends 2Yr JGB yield above 1% for the first time since 2008, and Nikkei tumbles. And since Bitcoin always correlates with anything that's down, we have a 4% dump in Bitcoin in Asian trading.
XHaha, it really does seem that way doesn't it.
I swear most Bitcoin investors are the biggest bunch of pussies around. Why? From time to time, Bitcoin gets dumped on.... like right now.. in the past 7 hours. What do you expect to happen?
The BTC price falls until it stops falling.
I don't see any reason to get upset about it.
It seems that historically there have been many times that the BTC price has had ended up going down when longer term HODLers were preferring that the BTC price goes up.. but the price just has to play itself out.. and at a certain point the momentum will change back, yet we still cannot determine when the momentum will change back to UPpity.
I suppose at a certain point, there are no more sellers... yet if there is juice to be squeezed, then that juice will be squeezed as much as it can be squeezed and for as long as it can be squeezed..
I suppose that is a lesson.. On an individual level what are we going to do?
Are we going to hold? no? or we are going to buy some more coin, or maybe the worse case is that we are going to sell and expect to buy back cheaper.
I personally think either continue to buy more or to just hold for any of us who might have had run out of money.
Either we already sold some on the way up, and if we did not sell some on the way up, then we have to either just ride it through or just sell small amounts as needed, as long as we have mostly achieved overaccumulation status.
If we have not reached overaccumulation status, then we just keep buying, and we should be grateful for lower prices if we are still buying on a regular basis.
I know that I am not very helpful, yet it seems to me that each of us has to prepare our finances and our psychology for BTC price moves that could go in either direction, even extremes.
I am not claiming to like it, even though I am buying.. so far only my $86k buy oder has filled from any of the price moves of the past 7 hours, then each next buy is around $3k increments at $83k then $80k etc etc etc.. No more fills would be fine.. yet it is still not clear if there is anything underlying this latest dump or if it is just a continuation of the dump from 2-ish weeks ago. Anymore lemons to squeeze? or are they done?
Poll
