Having a bad day & 4 fucking digits, it gets worse. How low is this going to go?
I think I might kill somebody if we go back to 4k or below.
I think I might kill somebody if we go back to 4k or below.
Don 't do it!!!!!
Don't do it!!!!!!!
It's not that BIG of a deal -
Sure, I am going to start to get worried if we start to approach $7,500, which would cause me to have to restructure my buy orders - probably I would restructure them all the way down to $2k - just so I don't have to worry about having enough money to cover all of that territory.
So, yeah, I would not want BTC prices to go lower, but they are going to do what they are going to do, and you already know the deal... right? Buy on the way down.
Have enough money to be able to buy on the way down.
Don't put all of your eggs in one direction, especially short term.
We know that it is pretty likely that 2021 is going to be a really good year... but there are no guarantees of that, either. It is possible that we could still be in the $5k territory in 2021, but as long as us long termers do not engage in some stupid-ass behaviors, we should still be profitable, even at $5k..
Yeah, who the fuck wants $5k, it would be much better to have higher numbers, but those higher numbers are not guaranteed, even though BTC is a BIG ASS asymmetric bet that gives us a kind of solid set of possibilities that are likely to NOT be like any other place that we can put our money.. and furthermore, there remains a pretty small number of people (likely less than 1% of the world's population and probably even smaller than that) who have the asymmetric information to be able to personally profit because we (or should I say wwwwwwwweeeeeeeeeeee) are both understanding the asymmetric information and we are taking steps to invest (and HODL) through the UPs and DOWNs.....
Currently, we seem to be on a down, but what the fuck you expect? I mean really. Prices shot up from $4,200 on April 1 to $13,880 in a time span of less than 3 months, with only a couple of blips of correction. Yeah, I have no fucking clue, but it does seem reasonable to take a bit of pause, whether here or at some other point, and a pause in bitcoin is never going to be completely relaxing, is it? How you going to relax in bitcoin? The main way to relax in bitcoin is to zoom out, and to see "how far we have come, baby."
Longer term folks should be in profits, shorter term could go either way, but even shorter term folks can continue to accumulate BTC and just try to balance their strategies to continue to accumulate - even if in the red, and your odds are that sooner or later, you are going to be in the black (or green) and considerably so, and so much in the black (or green) that you will thank ur selfie for being such a smartie pants.
