[..... various price directional discussions ]
I don't have any real contentions with the various points that you made - including some of your additional analysis - beyond some of my already made assertions and probably also a criticism that you are likely giving too much weight to short-term noises while ongoingly under-appreciating the difficult to quantify UPpity powers of king daddy.
One aspect (maybe example) that causes me some concerns relates to the DOWNity gravitational forces that you seem to be assigning to needs to fill in prior price gaps, and overall I do not disagree with your recognition of such price gap filling forces - even though I likely am assigning quite a bit less importance to how strong such forces might be.
Otherwise.. good discussion points.. you yucking my yum bear who proclaims to want to be a bull.. .hahahahahaha
Ah.. ha!!!!!!
Just discovered that bitcoinPsycho and Philipma1957 are the same peeps......
By the way, when does weekend start? And when does weekend end? just so that we (royal of course) can verify dee true of such proclamation.
Take my shitcoiner cousin, for example. He made a meager 3x of his investment ($6000) since 2017, after years of stressful trading, not in Bitcoin, but in several shitcoins -- he could have easily made 30x if he had bought Bitcoin and HeDL. He has already withdrawn his profits ($12000) to buy some land and a large-screen TV.
Now he has developed a new strategy to become rich: spread his capital (the initial, and remaining $6000) on more than 30 different shitcoins. His idea is that, even if 10% of them heavily pump, he will end up in more profit than simply putting them all on Bitcoin and HoDL. I've warned him that this is probably not going to work out, but he's sure it will. Using all his $6000 to buy BTC at the current price of $63k, when Bitcoin price reaches $100k (and it soon will), he would have about $9500, a healthy extra $3500 in profit. Let's see how his shitcoin-spreading strategy plays out. I hope it works out, but fear it won't.
Christmas will be fun this year.
For sure it does not sound like a winning strategy both in terms of actually hitting on enough of those coins (or great enough price appreciation) to actually outperform bitcoin, and also the need to monitor and potentially time such cashing out.. whether that is watching for the next year or perhaps watching for several years... Need not really say too much more, but gosh that sounds like a bad plan.... I suppose he would not want to go $3k into bitcoin and $3k into various shitcoins because reducing his shitcoin investment from $6k to $3k seems like it is too diluted.. but his whole thinking in regards to both how to invest and what makes a good investment (rather than a gambling) strategy is diluted, so there is that.
I sold all my Shib's and bought DGB. ..... You f^ckers are so clueless when I was telling u about this coin when it was 0.00000700~ ish. ... Now it will probably lose another zero and be 0.0001 for Shib... but meh... that's just like 30% only increase. I need at least 20x on my investments.
*edit(): It was back then when I told u I sold all my dodge at 0.5$ that I bought under 5 cents....
I like how you are throwing around percentages... but how much in USD did you gamble?
Because 30% of $1000 doesn't excite me and much as 5% of $100,000.00
There's also quite a bit of value in having investments that have some level of assurance of downside risk protection. Surely no investments are completely guaranteed in terms of considering both downside risk of loss and upside potential.. but many of us have found out, through the years, that our value has been pretty damned secure in bitcoin, even while we have gone through both upwards and downwards price movements, too.