People "should" root for a correction because we are already overextended on a temporary basis and if we would keep going vertically UP, then we will reach the "blue" NUPL sooner than later and undergo a large correction. This ALWAYS happened before.
Having a "nice" 19% correction to 23Kish would allow up to keep going much further.
It either corrects or it doesn't I don't see any reason to root for it, unless you are either short or you sold too much too soon.
And, contrary to what you seem to be suggesting has to happen, bitcoin no doesn't work like that. We don't "have to" have a correction in order for UPpity to continue, especially based on underlying bitcoin fundamentals, if happen to understand or recognize what those happen to be, instead of trying to treat bitcoin as if it were some kind of a mature asset class.
I did not sell any...
Why do you have to take the matter personally, Biodom? Yeah, it might sound as if I am accusing you of selling too early or shorting when I am pretty sure that you do not do that. I have heard you admit, on several occasions, that you did not buy enough.. so maybe it is all the same thing?
But in the end, my comments are not personally directed to you, even if they might be telling some kind of truth about you not having had sufficiently pee pared ur lil selfie for UPpity.
"I am the one who BUYS"... vs you, who is always selling stuff under some "program".
Again, why are you striving to twist the motivations behind my posts as if there is something personal in there?
I am a little confused about what you are getting at, here, exactly.
You are suggesting that I am pushing some kind of "program"?
Yes, I have a system, but I am not pushing anything or selling anything, even if I believe that my system works pretty good, so in some sense I might be sharing information about the system that I have in order that others might be able to profit (for free) from some of my sharing of my system.. at the times that the topic might come up.. from time to time.
In short, if it is not "mature", then why sell at all?
What the fuck you talking about? People tailor to their circumstances, and I have a system that has involved selling since $250 based on an overinvestment into BTC.. I am not sure what you problem with that particular system is? Just because it is NOT something that you do, and I hardly give any shits whether you do it or not.
The system works, you fucking diptwat, and it is tailored for me, so I am not sure why you are striving to criticize something that is working.
Within my system, there is an ongoing attempt to balance a variety of factors including setting up sell and buy orders in such a way that strives to keep me pretty much neutral in short term BTC price movements, and sure of course, the whole system has a built in bias towards long term UPpity, but based on the length of time that I have been invested in bitcoin there even seems to exist some level of neutrality in regards to whether UPpity happens or not.. so I hardly give any shits.. because its mostly gravy.. and gosh, what is the 208 weekly moving average ? it's getting close to $7,700, so what the fuck do I care so long about how much I sell blah blah blah so long as the BTC price is above its 208 week moving average? So from the 208 week moving average, any sales made at $28,000 would be around 3.6x above the 208 week moving average.. surely profits, but also a philosopy to not sell any if not necessary or if it is not within the already established system that allows for selling 1% for every 10% price rise, but my sales in the past $10k or more price increase has probably been in the ballpark of 1% for every 20% rise, so it is half of the formula and it allows me to sell more if I want.. so I have all kinds of justifications that I could sell including being overinvested since early 2015.. but mostly I hardly sell any, so I hardly even know what you are on about in terms of suggesting that I am selling too much blah blah blah..
uie makes little to no sense. when you get on these lil rebuttal inclinations that devolve into personal attacks that make little to no sense, merely because you are seeming to have regrets of not buying enough when you were arguing for purported "healthy" down at $10k in September/October and now you are still arguing for "healthy" down at $28k that may or may not happen before UPpity continues... sucks to be uie without enough coins.. and ill pee pared for UPpity.
And no, I don't play with leverage.
