. I am bearish until the next halving though if I’m honest.
.... aaaand this is a bullish sign imo.... you were wahwahwahwall of worrying it the whole way up to fake top of ~60k when you sold out to fiat
Sold 25% of my stash that I held since 2014. I now never have to work again, I’m mid 30’s. I don’t regret selling that 25% one bit. It saves me from deludedly thinking we’re going to 200k or something this cycle. The top is in imo, I’ve made peace with that.
On the way up to 60k I was a bitch because I was 100% bitcoin, my life literally depended on it. Now I’m sitting on large fiat bags & more bitcoin than (I’m pretty sure) 99% of people in this thread.
- If we moon this year I sell more
- If we dump, I buy most of what I sold back at a big discount
- If we’re in a crab market for 18 months, cool
My opinion is we won’t see another ATH until after the next halving in 2024. We’ll probably rocket to 300k or something amazingly high in 2025. That’s how this works, 4 year cycles, bull to bear to bull to bear & repeat. You know that though. Selling 25% gave me peace of mind, I can sleep at night now. I’m currently in the process of buying a new house with cash (no mortgage - thanks to bitcoin). There was no way I was going through another cycle shitting myself after selling nothing AGAIN.
We all have families to support & decisions to make. I think I’ve played it near perfectly to be honest.
... i don't know if you've played it 'perfect', does anyone? but well-played chap
... I don't agree we will have 4 year cycles forever, in fact we may be witnessing what the end of 4 year cycles and the "new normal" secular bitcoin bull looks like this year ... +75% per annum will probably not be denied though if exponential user(monetary) growth is maintained
... note of caution for holding fiat bags ... most likely in a depreciating account (netted for inflation) and under third-party control (banksters greedily eyeing govvy-sanctioned bail-ins) ... get into other assets that hold value that you have control over (privately held stocks, debentures, property, gold, horses, paintings, collectable cars, valuables, etc)
... fiat is for spending, emergency use only now I'm thinking (only what you can afford to lose), like extra jerry cans of fuel stashed in the garden shed, stash some in case but burn it before it goes off
... and we all know you'll come home to bitcoin unit of account profits in the end anyway