Good afternoon WO brothers!!!
Observing @ $41,690
We had a jump back from below $33K. Who filled up their bag with sweet orange corns?
It's been long I logged in. So much is going on IRL. All good. Trying to find time to back in the place I loved a lot.
Hope everyone had wonderful Christmas and holidays!
Observing @ $41,690
We had a jump back from below $33K. Who filled up their bag with sweet orange corns?
It's been long I logged in. So much is going on IRL. All good. Trying to find time to back in the place I loved a lot.
Hope everyone had wonderful Christmas and holidays!
Maybe the better current question is not whether the "bottom is in," but instead did you sufficiently and adequately fill up your bags, just in case (as insurance) just in case the bottom is actually in?
It's difficult for me to come up with any kind of an exact scenario, but if someone has been in bitcoin for more than 6 years, like you BGC, then maybe there would have already been quite a bit of stocking up that had already taken place in the first 4-5 years - however, when the BTC price started going up in September 2020 there might have been some reluctancies to buy anymore BTC while the price is going up from $10k to $65k (in April 2021), but with any of us, we can presume that we have ongoing cashflow coming in, so what do we do with the ongoing cashflow? Do we want to or need to still invest in bitcoin with some of that? Multi-million dollar question, no?
There was an opportunity buy some on the way down to $28,600 in May/June/July -ish... and then we had another opportunity to buy some more on the way down to $32,951 this time around. Did we do anything or just wait it out because we either feel that we have enough already or that maybe we consider that the price could go down some more.. and if it does not go down more, we got enough?
It's not going to be the same answer.. even if we have been in for 1-2 cycles? And it would seem that any of us who have been in less than a whole cycle should not have felt it to be a imprudent thing to continue to stack in both of these dips, whether believing that the price might go down more or not.. because the thing is that it might not never go back down below $40k again.. we have to prepare for that, even if the odds might be greater than 50% that we get a price drop below $40k again.. there are scenarios that it might not go down to whichever price point that you are considering.. and so then the question remains.. especially for those who have been in for less than a whole cycle.. do you have enough, just in case it does not go "down before up" - and even if you consider that to be a minority scenario... that is the multi-million dollar question.
Oh by the way, I do know about quite a few folks in the forum who have not gotten very close to a within 4-8 year fuck you status, yet even though into BTC for than more than one cycle... even though it does appear feasible that entry-level fuck you status could be reached with around 10 BTC in four years, and with potentially less than 1 BTC in 8 years... feeling that I need to make my current projections a bit more conservative.
