Number go down.
My cousin's only remaining BTFD order still stands untouched @ $30,100. It was nearly filled a few days ago...
That's for sure.. how many times can we touch $30k or almost $30k or in the ballpark of $30k before interest in that area starts to wane or it is no longer even a possibility of touching.
One problem (if we can realistically call it a problem? rather than just calling it a fact of life) continues to be that anything can happen within reason with our king d, and price movement possibilities (and ultimate happenings) are dependent upon a lot of factors that cannot be measured with any kind of "for sure" kind of assessment... so can be part of the reason that some of us might have been considering cousin BeerHoDL to be a bit of a fool, but if his order ends up filling, then all of a sudden a fool is converted into a genius..... even though probably there is a bit of luck and hopium that ends up allowing for a convergence into happenings ...
So for example, the $6k bottom of 2018 was tested 5-6 times between February and November, and some of us, including your truly, were starting to presume that our ongoing then $6k support (bottom) was invincible - until it wasn't.
I personally won't even proclaim that I started to mentally assign almost a certainty to $6k holding forever - even though I new better, so I was not shocked when it broke, even though I was kind of shocked, if that even makes sense... Maybe I could say it like this, the probability of $6k support breaking was becoming increasing and increasing improbable in the real world of what the fuck is probable, so maybe the first few times it was feeling likely to break.. so it may have gone from 65% probable of breaking, then 55%, then 50%, then 40%, then 35%, then 30%, so by the time it broke below $6k it was like less than 30% and maybe even less than 25%.... I am kind of pulling these numbers out of my ass, but hopefully you can relate to what I am saying. And, yeah, I know that a lot of guys throw around numbers that are between 90% and 100%, but they are fucking brainwashed in how they speak... because a lot of normies speak like that too.. but anyhow, what I am trying to suggest is that even something like less than 25% is starting to seem pretty damned improbable (maybe I am getting my number wrong), so when the the thing that was not supposed to happen ends up happening, there is a kind of shock but not complete shock... Another thing that happens, is that the less than 25% odds all of a sudden turns into 100% because it actually happened, so then a lot of other considerations have to be juggled around because there are new factors that are in play, so there could be a considerable amount of time juggling to figure out the new perceptions of the world and the other things that now become more or less likely because an "important" consideration has changed. How could any of that be "priced in"?
Anyhow, I suppose that the main point being responded to right now is that a break down to $30,066 has not happened yet (which would include passing through BeerHoDL's $30,100 - which kind of makes his number even seem more problematic.. but whatevers), and yeah we got that $31,025 from just 4 days ago... so damned close, but no cigar.
I want the price to go up, but also really want him to BTFD... So I'll be happy either way it goes.
Sounds like you have been drinking too much AlcoHoDL, AlcoHoDL.
Regardless, we all know where it will eventually go, so a little touch down on $30k won't harm anyone.
Depends on how it happens, no? For example we have a lot of buy orders at $30k, and they get eroded away, and then more get place, and then they get eroded away. At some point one side or the other is going to run out of money, so your hopes would be that there is a spike down to $30k or whatever, but then there might not be any more existing orders below $30k and then not enough people who have any money left to put orders below $30k.. at that point the bearwhales got their wish to come true.. because maybe they were running out of BTC to dump, too.. so after a while... they are finally able to recover all the coins that the sold in order to get down to $30k in the first place.
And, some peeps wonder why I walk around so frequently with 50/50 in my thinking, even if I am starting to feel like 51/49 or 49/51.. but sometimes not wanting to say it.
And I may also be able to BTFD. Have some fiat lying around, been thinking about it for some time, even though I've said to myself that I will try to never buy again, no need to be greedy. But $30k will surely be very tempting.
I did that too... like around $10,200 in September 2019. I had been following my regular system but really NOT injecting in any more cash into my BTC holdings, and I was largely building up cash and felt like I was building up too much cash that might as well put to work.. rather than just having it sit there.... Who would have thought that largely that extra cash that I injected in September 2019 would have taken a year before it became more clearly profitable... I don't preoccupy too much about that but sometimes we can feel that we are jumping in a decent point that takes so long to play out.. and surely I would not want a year or more for $30k to become profitable again..
Actually, I am feeling like a debby downer.. or a negative nancy because I surely do consider that we are in a great buying location, and maybe I should go out an do some hard sales (preaching) to many of the still no coiners that I know because we still seem to be in a bull market and there was a 53% correction that is still kind of hovering close to that.., at least around 45%.. .... but I am thinking that part of the reason that I do not want to go on any kind of preaching spree is because i kind of want some of those continued no coiners to get punished some more.. I mean some of them have been getting punished ever since about $400.. so this is just some more punishment for them.. it's not like they do not know my position - even though it could be that if I held the hands of some of them a wee bit more, they would end up getting more than just a symbolic amount into BTC.. ... at the same time, I am still thinking: "why should I be going out of my way to help out these folks who are so ongoingly reluctant to help themselves?", and holy shit if we were to go flat or down from here.. don't I just look like someone who is invested and trying to get folks to buy at the top, even though I truly believe that the top is not yet in for this cycle.
It feels almost like a no win situation if these no coiner dweeb twats (aka normies who are not bad people) are not actually actively trying to do something and they merely want some guidance... I have been kind of thinking of a recent one, too, and gosh I spent so much time with her when BTC prices were in the $50ks.. and surely I was thinking that she was actually starting to act.. and she was even kind of asking me without my really pushing this on her, but the fact that i have not heard a peep out of her since our 3 weeks ago drop into this price arena.. causes me to believe that she is not acting to "take advantage" of this seemingly "great" spot...an especially great spot for a no coiner compared to those of us who already have a decent number of coins so we don't really have reasons to give too many shits either way if we get more coins or we don't.. either way, we likely have more coins than we really need to have... but we are not hurt by picking up a few extra here or there.. as compared with a no coiner.. who does not have shit, in terms of coins... and is likely to stay poor peep for a long time.. especially since things not going to get better without no coins.
Ps... I'm not calling no one.