Price goes up and price goes down, so what about buying on dips?
I was actually referring to the fact that whenever MS announces the purchase of BTC, the price drops significantly as has been the case now. If someone says they are going to invest over $1 billion in BTC it should have a positive effect on the market, I find it strange that the exact opposite is happening.
You are correct to clarify that matter, because surely I had read your statement to be the opposite - as if MS was timing their purchases (or announcements) to be at the bottom, but still I believe my point is still pretty damned similar in that I consider those kinds of short term BTC price moves to BIG SO FUCKING WHAT's, even though sometimes we might want to consider that a bunch of bullish news should have bullish effects on BTC prices.
If you look at my post history, I frequently proclaim to have hardly any clues about short term BTC price prediction directions and I am frequently critical of either persons attempting to proclaim that they know the BTC price direction or those who try to suggest either narrow explanations for BTC's price movements or to overly suggest manipulation when frequently we are within reasonable parameters of normal BTC price movements.
In our current situation, BTC price can go in either direction.,. and who knows or who cares might be the considerations of longer term BTC HODLers and sat stackers. Accordingly, we had mostly UPpity BTC price movement since early September 2020, and sure we might suggest that January was a decently sized correction in terms of both quantity of correction and duration from $42k to slightly sub $30k, and sure maybe we might also consider our current BTC price correction from $58,354 to $44,846 to be significant, even though it has ONLY lasted about 4 days, so far.
I guess my point remains that BTC price movements need NOT be explained by merely a few events or news, and even with bullish happenings and ongoing BTC UPpity price pressures, there may well be some powerful folks who are working on the other end of such price pressures because very often there can be decent amounts of advantages to concretely cause the BTC price to go in the opposite direction of expectations, at least in the short term, and whether such short term movements are sustainable or create momentum in that direction does seem to be a question of a variety of factors and many of us might neither know what resources are being thrown at the matter or be sure which way the BTC price is going to go in the short term, even if we have our own theories regarding what is happening, why it is happening and what price pressures might end up prevailing - even if we are merely assigning probabilities that skew a 50/50 assessment in one direction or another.
Regarding coinbase saving MS several million dollars, there is likely not an issue with that, whether it was waiving or lowering fees for a real BIG player.. seems normal kinds of business practices to attempt to attract BIGGER players.
Let's not go into conspiracy theories and assume what a company like Coinbase can or can't do - if we accept that all participants in the process play by the rules, that's probably the easiest way - we can't prove anything anyway.
I thought that you were leaning on conspiracy theories and that I was somewhat suggesting that it is likely normal that exchanges are going to court some of the bigger players... I could give few shits either way in terms of the details of such an arrangement.. and sure, I was not even intending to presume any laws were broken or even moral standards, even though my earlier response to you was presuming that you were making those kinds of assertions about the relationship between CB and MS.
Yes.. Saylor offered to help Musk in buying BTC.. and Musk seems to have agreed, but Musk is his own man, too.. so I doubt that Saylor can tell Musk how to tweet or the extent to which Musk should troll tweet or whatever Musk does with his tweets.
Since Saylor helped Musk make almost $1 billion in a very short time, I guess a friend can return the favor and shake up the market a bit
Look who is going into conspiracy theories.
Musk is a very strange person, and when you look at the history of his tweets it's hard to tell what's going on in his head at some point
I cannot really argue with you in regards to such overall conclusion that Musk does act pretty strange sometimes... maybe even frequently?
- because how do you explain that a man who invests $1.5 billion in BTC says he thinks the price of that same BTC is too high...
I don't know. does not really matter too much to me because I don't really buy into various single factor theories in regards to BTC price movements, and if there might happen to be some dominant explanations, then frequently there are other factors going on behind the scenes, as well, that likely contribute to BTC price moves. For example, there may already be momentum or loss of momentum and then some announcement might merely end up exacerbating an existing condition by either making the price move happen sooner or to happen greater than it might otherwise happen, but in the end, it still remains a BIG SO FUCKING WHAT?, at least in terms of trying not to be razzled by short term BTC price moves.
Personally, I believe that one of the ways to be a whole hell of a lot less razzled by short term BTC price moves or even NOT to be bothered when BTC price moves way farther and lasts way longer than expected is to attempt to take advantage of such moves by letting the BTC price come to you and to buy on the way down and sell on the way up... sure easier said than done because, also in my opinion, you better make sure that you have established your BTC position quite well before you start fucking around with selling any BTC in order to try to accumulate more, so until you actually accumulate a decent BTC position, you likely ONLY employ one end of the formula which is buying on the way down, buying regularly and HODLing when you run out of money to buy.. and maybe if the BTC price stays down after you had already run out of money, you then go earn more money or wait for your cash to come in so you can buy more and continue to buy more.. whether on dips or merely just buying regularly until you reach your BTC accumulation goals.. .. so personally, I believe that those are ways to attempt to deal with stresses about short term BTC price movements by trying to create and maintain systems that you personally feel that you are advantaging yourself to the best of your abilities and thinking somewhat long term in the whole scheme of things.
Some people are in a position in life in terms of wealth, cashflow etc. to reach their BTC accumulation goals in a year or less, and others have to take years, maybe even 10 to 20 years, depending on various personal circumstances to reach such reasonable and personally tailored BTC accumulation goals.
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