[edited out]
yeah, just venting but for one point....there is NO legit reason I can see for the fall but FUD....usually, there was more to a fall then FUD or upcoming 'supposed' stuff like the ETF...thus the bottom is not in yet...thus annoying....myself
Sometimes there is just NOT a tangible reason for a price decline, so it is kind of playing into the theories of Hairy, Majormax and likely a few of the others who are expecting longer term waves that result in continued downward price movement.
Yeah, I don't want to give too much credit to these technical theories, but you gotta admit that the momentum of the ups and downs is kind of playing out their theories in a text book sort of way.... there is a failure to break above certain points, so then there is a correction down that ends up attempting to push down to the extreme, so yeah, even though their theories are playing out in terms of current BTC price movement, we can also experience reversals... because this is bitcoin.
In sum, what I am attempting to say is this current momentum is largely driven by a kind of reasonable UP and DOWN momentum within a range... and the FUD spreading might be used as explanations that do not really explain, except perhaps on the margins, and bitcoin was going to largely do what it was going to do, whether there was FUD spreading or not.
it is also 'bot city'
What is so unusual about that? BTC (and other cryptos) are great for the employment of bots. How you gonna stop it?
I hope due to August and low volume...kinda prefer the days when an exchange would f*ck up ...at least i had the illusion of 'why' the price dumped (or pumps) for that manner
Bitcoin has to be at least 10x BIGGER than it was just a few years ago, no? There are 10x more exchanges and ways to liquidate your BTC, and there is more developments, too (maybe not exactly 10x, but a lot of factors)... Part of growth remains that it is going to be more difficult to track down how the price moves, even though the BIGGEST of players likely have their hands in more pots, and are therefore able to better measure and anticipate movement(s) as compared to smaller fishes, like us.
on my side of the fence however I have more than enough ..even if btc hits $1k again to stay in my retired state till full retirement at 65 years (my work IRA gets me the last way home till full 66 years....even if I have to eat all crypto...also 65 medicare kicks in) thus I'm golden (compared to most folk) ....but again, up till Jan of 2018 ..I had the 'illusion', even as an expected bubble that I had a grasp of what the heck is going on (mining/equip flips/etc) er...now NOT SO MUCH...not handling 'humility' well.
But again, above is a 1st world problem, I can deal with, no more working for someone no matter how this plays out moon or tulips.
so I bitch and moan....again, mostly on the 'illusion' of the past that I had a handle on something with BTC and crypto..er now
not so much
brad
I agree with you. You are in a much better position than a lot of folks to be able to ride this shit out (look at Rosewater.. he is preparing to go to the cupboards again, and maybe he will have to stay for several weeks, or perhaps longer?), even if it goes down to $1k, which seems quite unlikely. So, having the ability to ride it out certainly does help a lot, even though it still be somewhat depressing and disappointing that our BTC portfolios remain worth about only 1/4 of what they were during the late 2017 / early 2018 price surge.
But, really we cannot completely measure our wealth based on BTC price surges, even though the surge likely foretells to where BTC prices are going to return, even if it takes several years to get there.. which is still in your window of making it to 66years old. Yes, it would have been nice to reach and surpass $20k earlier, and to take some more extreme moves in terms of removing some value from BTC at higher prices, but even if we did not remove value, I think that we have a decent signal for decent odds to that BTC will be returning to those higher ($20k-ish and above) prices within a reasonable longer term investment time frame... which should be the mental framework, anyhow for us longer holders and those of us who really have decent confidence in bitcoin's fundamentals - which have also remained unshaken, despite attempts of bearwhales to shake some of us from our coins.. and not going to happen with several of us.