fuck off buddy.
next fed meeting is sept 17-19
we will see a lot of action from today till the change or freeze of rates.
I am prepped as soon as we drop under 50k to grab the dip and hodl
What if below $50k does not end up happening? Are you prepped for that too?
Probably not as prepped as you should be for up, but hey that seems to have had been an ongoingly persistent problem of yours.
Hopefully your bad habits are not rubbing too much off on the rest of us, including but not limited to yours truly...
Is Bitcoin heading towards $40K? Historically September has been the month when Bitcoin price has always taken a sharp downward momentum. I miss $70K and will wait for Bitcoin to rebound.
From my expectation we might we see
50% from its original price of $73k, that is 73k/2 is about $32.5k but we may definitely see it at $38-40k if time not taken since month of September has always be proven to be the worst month in the bitcoin history price.
It is a clean water to fetched on, maybe refill the emptied tank and drum inside the Warehouse and wait for the sunny days.
Do not be moved by the storm/wind
HODL tight!
That is some real wishful thinking..and the top was right around $73,794, so 50% of that would be close to $37k.. not $32.5k.. . .yet even $37k comes off as some very wishful-thinking in regards to downity. Hopefully there are not too many newbies waiting to buy at those prices and failing/refusing to buy at current prices which surely seem to be quite decently good, in the whole scheme of things.
What matters is how could they be sure that it would likely happen the same, so you are right because buying at this current price will allow them to secure some position for themselves. But who knows what it would end at as the highest low for the year 2024 ( -50%) isn't certain and it's based on my speculation and of course if the price drops below mentioned price that would really be a good entry point for bulk loading.
Well you have been registered on the forum for more than 15 months, so hopefully you have been buying during that time, and not fucking around trying to figure out any kind of good or meaningful entry price, and last year between May and October would have had been even a better entry price than what you might be wishing for here, which may or may not even end up coming close to true. You might be witnessing as good of an entry point as you are going to get if you are planning to be strategic with your buys rather than just buying regularly, persistently and consistently, which is most likely what most newbies to bitcoin should be doing within at least their first whole cycle.. unless you might have had been able to front load your BTC investment, then you may well be in a different position as compared to any run of the mill newbies, who I would speculate that since it is likely that less than 1% of the world's population has any meaningful amount of BTC, there seems to be some safeness in presuming that most people need to spend time accumulating BTC through DCA strategies rather than lump sum strategies, and also an overwhelming majority of normies don't have lump sums available to be able to be front loading into bitcoin or any other investments, so maybe you are an exception to such general idea, yet that would be up to you to give some description of your own circumstances, before I am just going to agree with you that fucking around with waiting is a good way to be accumulating BTC rather than just ongoingly buying persistently, consistently without trying to figure out if you (or anyone else who might only be in bitcoin for a year or two) might or might not be right about some BTC price drops that might or might not end up playing out.
Is Bitcoin heading towards $40K? Historically September has been the month when Bitcoin price has always taken a sharp downward momentum. I miss $70K and will wait for Bitcoin to rebound.
From my expectation we might we see 50% from its original price of $73k, that is 73k/2 is about $32.5k but we may definitely see it at $38-40k if time not taken since month of September has always be proven to be the worst month in the bitcoin history price.
It is a clean water to fetched on, maybe refill the emptied tank and drum inside the Warehouse and wait for the sunny days.
Do not be moved by the storm/wind
HODL tight!
as one math challenged to another person 73/2 = 36.5
Hey @philipma1957 thanks for the correction anyway... Maybe I need to sleep is already 4:30am and I am kind of feeling dizzy. $73k/2 = $36.5k like I said earlier might see it at $38-40k.
Goodnight I cool off my brain, I will join the discussion in the next 4 to 7hrs time if I won't get knocked up by friends.
Getting knocked up is usually talking about getting pregnant, even though you are using such expression as a way of someone waking you up.. so I suppose knocking on your door in order to wake you.. . but the idea of "getting knocked up" is provocative in any event.
Edit: I looked it up.. you seem to be talking about the second meaning rather than the first.
>>>>>transitive verb. 1. sometimes vulgar : to make pregnant. 2. British : rouse, summon.<<<<
https://www.merriam-webster.com/dictionary/knock-up#:~:text=transitive%20verb,British%20%3A%20rouse%2C%20summonSorry if you find it not correlated to the meaning or give exact what you expected. But I am used to that word as I believe knocking on my door are something common from friends who always want to share some nice ideas and also wanting gist as well.
Anyway I am back now, though it was a very tough night.
Still it's another good point to enter the market, the movement could change. But what more, I see it as a commensalism, in other words known to be the survival of the fittest. So who keeps DCA'ing could stand a better chance of accumulation than those who would panicked and push away their trailer loads. $54,300 not really a bad one.
Fair enough. It sounds as if at this point, you are mostly in the DCA camp, and surely don't get me wrong, many of us have gone through the stresses of our earliest years of BTC accumulation, and sometimes it can be frustrating in the earliest of years of BTC accumulation, and in the end there are no guarantees so each of us has to decide how aggressive we are going to be while we are accumulating BTC and surely figure out our own particular financial and psychological circumstances, too that might potentially allow us to either employ some kind of strict DCA or maybe combine strict DCA with lump sum investing and/or buying on the dip, too.
Each dips is one of the opportunities for Bitcoin investors to accumulate more. Keeping the signs of bearish and bullish period holding more strength. I'm not upset because I know the value of Bitcoin will skyrocket so I'm rightly assessing the bearishness.
Bearishness is healthy. When you have conviction in Bitcoin and you believe it is going to become more valuable then you don’t need to worry about bearishness because it creates opportunities. What you need to worry about is everyone being bullish leaving no money left on the sidelines to enter. The best time to sell is when everyone is the most bullish.
I will agree that anyone early in their BTC accumulation journey should be happy with ongoing opportunties to buy BTC, yet I would question selling as a good strategy for newbies, especially if they are still in their early BTC accumulation times.. so yeah, it can be difficult for newbies to get through one or two whole cycles and especially if they ar trying to figure out how to accumulate BTC through the whole time, and selling does not seem to be a good strategy for anyone until they have reached a status of overaccumulation.. but hey whatever, guys can do what they like, even dumb things.
I really don't get it. Bad stuff being said about the US dollar, stock market going down, all this should push corn higher, but the opposite happens.
I think that there are plenty of times that bitcoin makes short price moves that largely go along with perceptions of liquidity, yet surely from time to time there are BTC break out periods that defy any kind of correlation, so you better have had been in bitcoin during those surprise break out periods, because there are times that bitcoin will not correct back down, and so bitcoin will go on appearing to be correlated again, yet just after it had made a upward step or two or ten on the stairs and then goes back to appearing correlated so that everyone (except those of us who know) can presume that BTC is correlated, when it is not. By the way, do any of us believe that we are returning to October 2023 BTC prices? Quite unlikely.