But I am serious. We cannot really have up without some pauses along the way and even some potentially more meaningful corrections... so I am having difficulty seeing down at all if we have a kind of UP that went from $17k-ish to nearly $24k, which is more than 40% to the upside without even reaching an 8% correction yet.
At the time that I typed my earlier response, we were still above $23k - which would have been only a correction of 4% .. so surely noise and even if we now have had more than 4%, I still am going to consider it noise (or maybe even a potential fake out if we do not get more than 8%, which is needing to get below $22,100... and so let's see how $22k holds up - if we get down that far?
Don't get me wrong, if we were trading, then we would need to be ahead of these price moves.. so any of us doing that? beyond perhaps shaving off some profits on the way up and then we would potentially be back into buying territory on the way down.. At what point do we return to buying? $22k or before that?
Don't get me wrong also, I don't even consider that we are out of a bear market until getting above $30k, even though it would feel good to get back above the 200-week moving average which is currently
$24,740.. so the 200-week moving average historically has been a bottom price in bitcoin, so surely getting back above our historical bottom price would be a move in the right direction. Am I contradicting myself yet?
Ok.. so far we got $22,565 (which is nearly 6% down from the top), and I know some folks are going to start talking about the "crash" that we are experiencing... I am still having some difficulties NOT appreciating the more than 40% up that we had gotten when we nearly reached $24k.. so yeah, maybe the UP has been reduced and we are only around 33% up as I type this post (with prices around $22,700-ish)? so far .. maybe our UP will be reduced even more? I am not really getting exited about calling it a "down" yet... and yeah, maybe that's just me? Call me overly optimistic or whatever, and I am not even necessarily expecting more up from here.. I don't even know.. except to have psychological and financial preparations for either direction.. so there's that.
Even though some variations of those workplace monitoring and inspiring of greater "efficiencies" are already playing out, they are likely to continue to be more invasive and more insulting. .like the ones in the presentation..
Kind of depressing to witness some of those kinds of "innovations."
What does that mean dog?