I remember reading a thread where the @OP describe btc as "the institutional coin" and seeing this post just made me reflect back to the post,
Is it a good thing to have few rich and influential investors have so much btc under their control! I mean it is exciting to see all this institutions and corporations investing on btc (which also make me wonder why the sudden change of mind, is it because btc is so high compare to 10 years ago and there is a lot profitto be made, or they are truly interested in the technology which has always been around since 10 years ago
)
I can't help but wonder what their plans are, do they plan to hold for a longer period and what will be their strategy to liquidate when the time comes, just brainstorming over all this institutional investors sudden display of interest and what impact it might have later on , nonetheless, good to hear.
You've been around since 2013, you could have gotten a few hundred to a few thousand coins back then right? Or ... ... ...
I could be saying something similar about myself too. The quick answer is I did not.
Yeah.. but Anonylz seems to be latching onto the selling aspect of these various BIG companies, and considering that they might not be up to any good.
Perhaps, as you suggest Dabs, Anonylz is largely just talking himself out of making sure that he is adequately pee paring his lil selfie for UPpity, when he is so busy thinking about DOWNity?
Likely, you Dabs, are no longer thinking about the matter in the same way, so even if you feel that you did not buy a sufficient number of coins in 2013, you are engaging in MOAR and better UPpity preparations currently.
I agree with the overall point that I seem to be reading into your post Dabs, and that each of us should be attempting to make sure that on a personal level we are adequately preparing for UPpity, even though there are a variety of DOWNity scenarios that may or may not play out.. so in that regard, if we want to read the overall situation as a way to prepare for DOWNity, then we may well NOT be adequately considering the story in a way that helps us to really prepare ourselves for the real story.. and that is to be preparing for UPpity.
On a personal, level I have no regrets about my ongoing preparations for UPpity, even when the BTC price went down many times over the years, and even in 2014, 2015 and 2016, my BTC holdings were largely in the red for a large amount of that time, but I continued to prepare for UPpity... and sure, after 2017, we got a lot of downity too.. so those people who were overly weighting their preparations for UPpity, got a pretty decent beating in terms of value that might not have recovered until sometime in the late 2020s when BTC prices reached and surpassed their late 2017 levels again.. so there might be two kinds of scenarios there that end up working out o.k., and one would be to sit on your hands for the whole time and just ride out the 2018 to 2020 negative periods, and another would be to continue buying BTC along the way and even buying more BTC on dips, which likely would have ended up being the better scenario.
We cannot really know where BTC prices are going to be 4 years (or longer.. maybe 10 years) from now.. but does not seem to be a bad practice to continue to buy BTC (especially if you do not have many) and consider that BTC prices will be UP in 4 years (and even more likely to be up 10 years or longer).. and yeah, if your investment timeline is shorter than 4 years, then likely you would be quite a bit more conservative in terms of your BTC investment.. but people are going to come to differing price considerations .. including considering how much weight to give to currently valid BTC price prediction models that suggest that this UPpity price cycle is not over, and who gives any shits about how much BTC some institutions or richie peeps might be HODLing and whether they are planning to dump that BTC on the rest of us HODLers....