Woke up to check the bitcoin price
Let's be honest...
Yes.... let's be honest. Not a bad place to be.. When in doubt, it is good to zoom out.... at least a weeeee bit... .
A pump to $46,8xx & within 5 minutes threatening to go below $44,000. The market is total bullshit atm.
I call this: "to give you hope", followed by triggering stop losses to get your coins. Well, not mine, I have no open Bitcoin positions.
Best of "open positions" with the king daddy is to be long - 4 years or more, and don't get worked up about various noise for ants in between... such as various less than 10% price moves.
Do you consider our lil blip of perhaps best $3,500 (so far).. and seeming short-term battle of today (including the past hour-ish fakening outening) is going to show on the radar? 2 years from now? 4 years from now? 10 years from now?
Seems to me that the further out we go, the more difficult it will be to find $3.5k ant moves (from $46,896 to $43,400 so far) (which is around 8% at best)... similar to our difficulties of currently appreciating $50 price moves today, even though $50 price moves were around 11% when BTC prices were in the lower $400s, just a few short years ago (early 2016)... 11% price swings is much greater than 8% price swings (so far). #justsaying that we hardly even notice $50 price swings today...
I dunno. I'm a simple man. I just bought the dip. More coming? There's still some fiat itching to be turned into hard money.
I just bought a little too... in the $43ks.. I will just admit that I was just making up for a mistake that I made from last week and I had not yet had my $45k and $46k buy orders properly set when the BTC price quickly wicked down to $42,900... so my buy orders in the $43ks and $44ks had filled, and then later I made up for the $46k buy order.. but I ended up getting a wee bit greedy to fill in my seemingly BIG-ASS gap that was in the $43k and $44k arena by splitting my $45k buy order into three which just finished the last of the three parts.. and so next one is $42k and every $1k thereafter down to about $23k...
.....which holy moley.. hoping not to fill any orders below $40k or worse case scenario $33k? Should not be talking so negative, right? We are in a bull market, right? Peeps are buying at this point if they have any cash left, right? If peeps don't have cash left, next best thing is HODL, right?