Just checking in to inform everyone I am still alive and still hodling through this bullshit.
Nice to see you.
You did not sell any coins between $6k and $20k?
You know it is not going back up there again, right?
You missed your chance. You know that, right?
Foolishly no. Oops
btc to 4800 next comming week
How? You are describing something that seems to have quite less than a 10% chance of happening.
Have you gone full bear mode JJG, or just being a realist or something else?
I don't know. I always try to accurately describe my views and to inject whatever level of optimism that I can. I thought that I was suggesting something fairly charitable in assigning up to a possible 10% chance to pump to $4,800 in a week (which would be about a 40% price increase from our current price).
Any of us should realize that "the trend is your friend," and in that regard, we understand that the better case scenario is that the BTC price is going sideways for a while, and there is considerable resistance on the upside in a number of points. Surely, that does not mean that UP could not happen, just that the odds are against up, and really have been against UP since about mid November when BTC prices meaningful broke below $6k without any kind of rapid rebound.
Yes, I try to appreciate any light in the tunnel or any optimism about UP or about a reversal of the BTC price from here or that th bottom is "in", but it is going to be really difficult to rest assured that the "bottom is in" and we are out of this current bear market until after BTC prices get back above $6k and stay above $6k for a meaningful time. I understand that various technical analysis folks could suggest to me that I am being too rigid with my staying above $6k requirement, because markets are both a function of time and and a function of price movement, so merely going sideways for a decent amount of time causes bullishness indicators, including causing various moving averages to move down and therefore the barrier to UP and the barrier to claiming that we are out of the bear market becomes lower with the passage of time as long as the price stays within a range. Personally, I am sticking with my staying above $6k requirement, because I think that that price range serves as a more comfortable indicator that would show that the bear market has reversed.
Furthermore, if you recall from 2015, we were largely out of the bear market in October/November 2015 when BTC prices shot above $500 and then got stuck in the $350 to $450 range for more than 6 months, but a vast majority of us really were not convinced about being out of such then bear market until late 2016 or early 2017, when the BTC price largely recovered from the late 2016 bitfinex shenanigans... and even then, and throughout 2017, there were continued and ongoing threats to the BTC price rally stopping at any time, which it did NOT and really surprised a lot of us...
So, long story short, I am sticking with supra $6k as my sign that we are out of this bear market, and I think that there is a decent amount of resistance to get out of this bear market. I might change my mind at a later time, especially if we begin to see some decent laddering towards $6k without actually reaching it. Let's see.
By the way, even though I have been a bit Stagnant in my buying after exercising my initial buys in this current $3.1k to $4k price range, I have no preference that the BTC price goes down further in order that I can buy some more bitcoins. I have enough bitcoins, so I would prefer that the price goes up.. but if we are going to go down a bit more, then I will pick up a bit more, too, even though I feel that I already have enough bitcoins for going up... so let's go up... (odds against it, at the moment..
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I haven’t been here for a while and just catching up. What is the hat thing all about then?
Regarding hats: You can go back to about early October in this thread and see some hat contagion, and Xhomer10 agreeing to employ his artistic skills in such direction. Probably, there is a decent amount of peer pressure of this cultish behavior, but also entrance to the club has been pretty easy too.. Lots of members may have tentatively concluded that the whole wearing a hat idea was dumb, but when Xhomer10 would present them with such a finely tailored piece of workmanship, there is a decent amount of irresistibility and caving into donning such creation. Who knows how long it will last, and so far there are NO Arnold themed hats, so that could end up being your hat niche. hahahahahahaha
