Topic: This is why I'm not worried about Bitcoin price. (Read 566 times)

Dont lie to yourself. Everybody is worried. At least everybody who cost-average on it.

Also, you probably already tought that your previous work was underpaid, since that money lost its value.

Dont lie to yourself. Everybody is worried. At least everybody who cost-average on it.

Well there's only 1 small difference this time: people have now seen that BTC doesn't scale well and thus isn't very useful as a payment system. LN won't work for reasons pointed out several times before. This time it's game over. However it's a slow death, could go on for even another year.

I'm not worried about the price because firstly I have my own bitcoin stock which I hold and which I sell on a regular basis but in small portions to balance my earnings regardless of bitcoin be at $20k or 2K.

Secondly my customers from outside Europe pay me in Bitcoin and I always get the same amount of money regardless the bitcoin value at the time. So if bitcoin is at $20K great I get less bitcoin in payment but afford to have good return on my bitcoin savings. If bitcoin crashes to 1K it does not bother me either as I get a lot more bitcoin for each job I'm paid.

Lastly I got my private pension also invested into bitcoin via a Swedish based stock. I play with that a lot... like when bitcoin goes up even if a bit I sell my stocks and keep the cash and once it crashes I buy a whole more load of units and so my units are keep increasing since then.

So I feel sorry for those who did some cold investment, but this situation does not bother me at all, and since I have now sold my pension I kinda hoped bitcoin would go down  even up to $500 as at that point I would by craploads of units back and wait for a new sell window    not to mention the amount of bitcoin I would gather from payments on my current job which once bitcoin would just hit even 3K back would give me a huge profit.

So yes a lot of people upset about this situation but for someone like me for example I always have a win win situation no matter if it is high or low and I think some of you investors and bitcoin holders should think about ways of taking advantage rather then just buy and hope for the best. Don't be just a passive investor but an active one if at all possible.

I am not that worried about the price either, what really worries me is what caused the crash that we saw, because it was very sudden and very few saw any indication that something like this could happen, that is what really worries me because if the price is being manipulated by powerful individuals which have lots of bitcoins then this means the market is not as mature as I thought.

There is more to come...

I just miss the 2017 euphoria man...

I'm in a somewhat similar position, earning almost entirely in crypto, and of that almost everything in Bitcoin. Ao I have to sell regularly to pay bills and feed mouths, and have generally stopped trying to prime sells at price, especially with recent months of sideways movement. In general, lose some win some though the recent dips meant I "lost" more value as sold about lower than when received. No big deal, I still feel it's always a ride up or down, and still sticking to Bitcoin. Suffered the same exposure with fiat anyway.

Whatever I managed to set aside for holding is strangely back at where it was a year ago, but that's fine too. High price means my holdings are up, low price means I get to pad up Bitcoin holdings better. So yeah, win win in the big picture.