Last bear market the price tanked from $20k down to $3k, that was brutal.
That $17k drop will drawf what we will see next bear market.
Prepair yourself mentally for a $100k-$200k bleed.
I don't day trade but going to trade this one and it will be glorious.
This is going to be fun, trying to sell high as possible which is only a ''luxury problem''.
You are going to get batslapped if you are proclaiming to be able to time the high of this cycle.
Sure it is possible, but it would probably be luck more than anything, even though getting 10% to 20% might even fairly be within the top, but I would imagine you are proposing that you might have an ability to get within less than 10% of the top, no? (so for our $19,666 top in 2017, you would have had to have sold above $17,700 - which would not have been impossible but still quite difficult to accomplish in real life practices)
I suggest that it is likely going to be more luck than skill for anyone to really reasonably be able to get within 10% of our pending top for this particular cycle whether that be $150k, $300k $500k, $1million, $1.5 million or some other number, presuming that the top has not already been reached at $64,895... you do seem to be presuming BTC prices to be topping somewhere at minimum in the $150k territory since you are presuming a $100k to $200k drop in prices, so gosh to get a $200k drop in prices we would probably need to at least get to $230k in this cycle, no?
Last bear market the price tanked from $20k down to $3k, that was brutal.
That $17k drop will drawf what we will see next bear market.
Prepair yourself mentally for a $100k-$200k bleed.
I don't day trade but going to trade this one and it will be glorious.
This is going to be fun, trying to sell high as possible which is only a ''luxury problem''.
Down 100k from $500K will not really sting
Ack! You said $500K! Ack!
(i just got a little BTC woody from that)
Brad
From ~$300k to ~$80k.
Ok. good for you, Paashaas, to have a ballpark number in mind.. but still seems to be a bit of luck required if you are going to hit the top within 10% or so, and of course, you will need to attempt to account for actual on the ground facts in terms of what you are anticipating today, and if some facts change that cause you to need to tweak your numbers in order that you can hopefully time the top and the bottom of the cycle or something in the ballpark of it (within 10% or so?).
Unconfirmed transactions under 20k just now. A fair decrease compared to 1-2 weeks back.
https://mempool.space/0.31c to get in next block
Edit: blink and you missed it though.
Actually, unconfirmed transactions are at their lowest since 8th January. Don't know if this is good or bad.
It's good. It means that the miners are quite on top of things, at least for the time-being.
Picture a mouse and an elephant.
Picture how much a particular person contributed to bitcoin success (via promoting mining, teaching people how to do it with detailed know how, reviews, etc, etc.).
Then picture someone whose contributions are mostly endless diatribes about minutia.
Now, let me propose that @philipma1957 is the elephant (for those in the know in the broader community) and @JJG is the mouse.
Then, picture a mouse telling an elephant that it is mad or less mad at it because of some blah blah (whatever).
The funny thing is, irl elephants are afraid of the mice.
They shouldn't be.
Finito la comedia
That helps.
Thanks for that biodom.
