Again, bitcoin is cool and solid, but the rest are overheating like crazy in complete fever.
To me this looks like a setup for a nice dump. Maybe btc gets to 50-60K area before the dump, then at least 20% decline, which would basically bring us back to where we are now or even slightly below.
I am having a difficult time with your current conceptualization of what is a "dump" Biodom.
Really? 20% would be a dump? And furthermore we get 20% up into the $50k to $60k territory, then we get a 20% dump which would mean that we would be back into the BTC price arena that we started.. hardly a dump, unless we are considering the matter from an ant's perspective.
Shitcoins should drop at least 40-70%, though. I don't want to name names, but many are 100-400% up in the last 7 days. Ridiculous.
For example see nicely engineered dump in overheated pot stocks today. -30% on the open on no news, just to "balance" things out.
I am also having some difficulties in appreciating any kind of importance in incorporating shitcoin dynamics in our analysis of the price dynamics of king daddy. I think that it has largely been established that when we are trying to figure out what the dog is going to do (talking about wagging) in regards to its tail, we do not look from the perspective of the tail, but instead from the perspective of lil doggie... AmiNOTrite?
OK. So. I lied about not taking profit at $50k.
You are as wishy-washy as a kenmore.
Feeling greedy.
Fair enough
Starting to move some coin today in preparation for $50k. That should give us enough liquidity buffer to buy the third and final parcel of land, and start putting up a basic steel/concrete garage on the lot ASAP, as well as covering costs for grading/paving the driveway, and bridge construction.
Nothing wrong with that.
Was looking over my accounts last night, about which account to draw down on, and decided "Fuck it. I like that money where it is, doing what it's doing. Might as well sell a little bit of corn at these prices."
Sue me.
You deserve to be batman slapped or maybe shakened like that lady on "airplane".. but whatever. Nice to hear on the ground contemplations and some material funzies... which are the kinds of options that peeps have who have been HODLing their BTC for a long period of time.,. so even if the BTC price were $5k or $16,250, there is still a lot of profits in cashening out some (or even all in some more extreme examples) of the corns.
Does anyone have the list of WO members that need to be woken up at 50K?
...
BobLawblaw
Not selling at $50k. Decided we don't have any reason to, even on principle. Rick and I both have enough fiat set aside to last us comfortably for the rest of our unnatural lives.
Decided we're going to sell another mil when we're ready to start building on the ranch. The weather turned to shit overnight, so I suspect that's going to delay the engineering survey for possibly two weeks, but we are remaining patient, and not in a hurry to get the deal done.
Due diligence on a land deal the size we are considering is nontrivial. The agent repping us even commented "I've never worked on a deal this large for personal use"
Hahahahahaha
Just capturing this lillie juxtaposition of ideas from Blawb.. within 24 hours... even though I read these posts out-of-order.. ... captured for posterity, and a good lil chuckle... evidence of the kenmore theory.
Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.
I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional
n BTC in this lifetime, to give you some perspective.
And, that would be part of the reason of NOT criticizing you too heavily in regards to the kenmore theory.
So, "as you were" soldier.