The market is behaving funny. It's as if someone is trying to corner in
O.k. I will bite. What is "corner in"?
Is that another way of saying manipulation? Or is that a way of saying inability to get passed resistance?
We already realize that sometimes consolidation involves an attempt at a kind of holding pattern until such point that it cannot be held in the consolidation range. That's no kind of new phenomenon.
Someone is digging their feet in? Playing both sides of the market to keep the price in a certain range?
O.k. thanks for that explanation..
Hey DaRude. What's an overview of your personal bitcoin related story? Did you start buying bitcoins around the time of your registration in March 2013? What kind of view did you hold? Did your thinking evolve over the past few years? Did you own any bitcoin's during either or both of the 2013 price surges?
No, started buying before that sometime in 2012. Hodled and accumulated since then through all the bubbles, gox,
BTC26k bearwhale etc... Was inspired by user Loaded
As far as view, kind of surprised that the price is where it's at now. I do see it as a binary outcome, it clearly hasn't reached its critical mass, but yet not gone under even with
BTC3600 daily supply. Almost lost faith when adoption slowed down and we were trading in $240 range, but hodled through it and now think outlook looks as bright as ever, and gets brighter every day. Buy some BTC and forget about it for 6months, market is way too thin and easily moved to pretend you can trade the patterns
Oh... thanks for providing that. It is nice to hear real individual perspectives from time to time. Of course, we do not need to agree or even share the same view, exactly, but there still may be some aspects of our history that we have in common.
Regarding your last point about trading... especially, if we may experience some kind of exponential growth period or two, I believe that there are ways to structure such trading, and really investors should consider approaches beyond the buy and HODL approach.
Certainly, I am not going to advise anyone or to suggest that anyone attempt to do anything that is outside of his/her comfort zone.
Even though I don't agree with the extensively mathematical approach of Rptiela, nonetheless, I think that he provides a good start for conceptualizing going beyond a buy and HODL approach.
https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065More or less the concept is that from time to time investors in BTC need to have a plan for taking some profits off the table from time to time.
In the end, probably, you are correct with a suggestion that either reinvesting or any kind of trading has too many screw up potentials, and so just removing some profits, from time to time, could be an intermediate compromise approach, for some folks.
