Good morning Bitcoinland.
I see we've managed to hold on to most of yesterday's gains from the closing of the little sub-$10k bear trap... currently $11396USD/$14905CAD (Bitcoinaverage).
Now let's get back where we were before this silly nonsense and see some more AYHs.
Corrections are all very well and fine and keep the bull run from running away and exhausting itself but remember, the show must go on.
Go Bitcoin go.
Definitely you, Jimbo, and several long time BTC HODLers/accumulators have been around the block a few times, so even though we prefer UP, we know that both price directions are possible in the short-term.
Sometimes I consider that longer time BTC HODLers/accumulators like us (yes I am including myself into the mix, even though my start date into BTC was late 2013 at the top of a then BTC price peak) have been spoiled, to some degree. Accordingly, BTC has continued to perform at least in-line with our relatively bullish expectations and largely confirming our bullish expectations from years gone by.
Yeah, I like to talk a BIG conservative talk in terms of how bitcoin might not perform as much as our expectations, yet there is some method to my madness in that it has always been my belief that if I set my expectations fairly low, then it is going to be relatively easy to meet or exceed my expectations, and bitcoin has continued to deliver in that regard.
I will continue to state my expectations in terms of conservativism, but also NOT to disregard the more bullish BTC price performance scenarios which continue to play out and continue to exist as bitcoin's upside asymmetric bet.
In my real life interactions, I continue to come across a decent number of people who make some superficial inquiries into my bitcoin views and strategies, and when they seem to be inquiring about whether I make any recommendations, I continue to have a kind of stock response, which is to say that no matter what the most recent price performance of bitcoin, it remains a good idea for no coiners to begin by attempting to set up various bitcoin accounts at the soonest point that they can, and then to get their own finances in order so that they can begin to dollar cost average into bitcoin. Of course, once they begin to dollar cost average into bitcoin, they can also begin to consider the extent to which they might tweak their approach beyond dollar cost averaging, but the beginning steps remain to set up various accounts and to get their own finances into a sufficient kind of order so that they can begin to do the bare minimum in taking initial staking steps into BTC in the form of dollar cost averaging. So far, and on an ongoing basis, it appears to me that very few people with whom I had discuss these "getting started" bitcoin related matters, in real life, actually take the next initial steps, which is at least setting up some kind of BTC account(s) to put them in a place to actually take a kind of concrete action to make a purchase, even if it ends up only being a small amount of BTC.