So, pee pare ur selfie for either direction, including DOOM..... but not necessarily gonna happen.
Give us something to work with BMB.... What be happening with uie?
My BTC to cash ratio is about the same as yours, give or take. But I'm obviously not as serene about it as you are.
Maybe some zen meditation is in order?
I mean really dude (or dudette). We already had our selfies a 70% price correction, and where is the bad news, exactly?
It could be the case that the implosion of various alts are kind of dragging down BTC, but we actually have clear paths ahead for segwit and lightning, and look at those transaction fees and times, low as fuck (just showing that the long-ass spamming attack had been clogging up blockchain matters for quite a long time)...
Anyhow, BTC fundamentals seem to be doing quite good, so I don't see why any HODLer should be freaking the fuck out regarding the "normal" ups and down of bitcoin.
Recall that an aspect of bitcoin that it the most easily counted upon would be its volatility. In other words, we do not have any guarantees of either UP or DOWN, but we have as close as we could get guarantee to volatility.
So hang onto your panties (and all the pants you commandeered), and we should be able to make it through these trying (but seemingly expected) BTC volatility times.
I would argue that BTC fundamentals are better than ever. The fact that we didn't go back to last year's initial price yet despite China type bans and all the FUD means that the biggest hodlers understand that governments and CBs have already lost the battle. It's just a matter of acting out the play for the masses now.
And from a technological perspective we're obviously much better off than we have been just a year ago as well, so any and every reason that people would've had for selling off (other than panic sales) has already been shown to be irrelevant for the future of Bitcorns.
I agree. You said it much more forcefully than me (and still accurately) regarding BTC fundamentals being strong, including the fact that there had been decently sized attacks throughout 2017 - while the price kept rising, and even the beginning of the August 2017 forking attacks and the possible confusion from that including the decently funded campaigns to mislead newbies concerning the real bitcoin... and even if there remain newbies to mislead, there is a sufficient amount of smart money and even newbies who are not getting tricked by the misleading information - causing ongoing upwards price pressure strength in BTC - even if the short term does not prove to be BTC price bullish.
I'm really enjoying the current Bitcorn prices. It's fairly easy to increase holdings while Bitcorns are cheap and altcorns are inefficient and stupid (and hence predictable) as hell. While I suck at trading technicals, it's very easy to make predictions based on fundamentals and longer term trends (of several months) in the altcorn market. It takes quite some time and discipline, but it's anything but difficult if you know how scammers, morons and idealistic but highly naive people think and have at least some basic understanding of economics.
I'm not sure whether we are on a similar page here, but I personally think that altcoins and ICOs could be pumped and dumped for several more years - maybe even 5 years or more, so bitcoin may or may not prevail in those kinds of short to medium term pricing battles - even though in the longer term, bitcoin's fundamentals remain the strongest and are likely going to continue to be the strongest because the building upon the BTC fundamentals are not deviating, and in that regard, bitcoin remains the best investment when considering both upside and downside risk - especially as compared to any alts and any of the various ongoing attempts at snake-oil salesmanship - even though I would not be surprised if some other coins may outperform Bitcoin in a variety of pricing ways in the short or medium term - even while relatively lacking in various BTC POW and decentralized immutability fundamentals.
The way I see it is that with lower Bitcorn unit prices it will be easier to accumulate Bitcorns, since the same quantities will push smaller volumes.
My current goal is maximizing my Bitcorn holdings with no regard for USD valuations.
I fully expect altcoins to last not just 5 years, but for decades at bare minimum.
Beyond that is difficult to estimate due to singularity type events being increasingly likely.
But either way, if Bitcorn went to $100k or even 1000k it would be much more difficult to increase your Bitcorn holdings by more than a few dozen Bitcorns without having to identify dozens of high quality altcorns. Meanwhile, in current markets it's very easy to gain a hundred or so extra Bitcorns within a span of a year by just throwing them around almost randomly. And while that's "just" a few hundred to few thousand grands right now, that would eventually be tens to hundreds of millions a decade or so from now as Bitcorn appreciates toward its true potential. That's why I very much like seeing Bitcorn not exploding any more than it has right now.
