Come back in January my colleagues
My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.
Seconded, although I think it will be $15k rather than $13k
Anywhere between 16K (almost achieved) and 12K (or so, less likely) is possible.
Well yeah.. We got down to $16,218 which would be a 17% correction... which is relatively modest in bitcoinlandia.
Frequently, I believe that Peter Brandt is full of shit regarding some of his predictions, but he did raise an interesting fact by pointing out that the average large correction of the 2015 to 2017 bullrun was around 37%... so in that regard, a 37% correction would not be unusual in a bull run, which would bring us to about $12,280.. which seems a bit much and a bit bearish, as you seem to be pointing out Biodom.
Here's the Brandt tweet.
https://twitter.com/PeterLBrandt/status/1331972980621135872 The question is: when to deploy the cashola.
That's right.. that is the million dollar question. Have some kind of strategy in which you are satisfied and comfortable (both financially and psychologically)... últimitamente.
Please don't tell me to DCA, not my style, apart from smallish moves.
Of course, DCA is part of sound and prudent investment package and that sound and prudent investment package has three parts accordingly.. it's in the ballpark of 1/3 of the parts.
Not 100% and not zero. Go figure.
Note: since you have full autonomy over your own BTC investment approach, including what kinds of proportions are sound and prudent from your own perspective, you can assign whatever portion to DCA that you believe is fitting to your own situation.EDIT: on the other hand, Pomp going on TV and blabbering about 100K and above is usually the sign of the local top.
He did the same in Dec 2017, confidently predicting 40K.
I like the guy, but he is no trader.
Sometimes, you can be such a hater... I would think that you should be taking the advices of peeps whether bitcoin maximalists or whatever with grains of salt... So fucking what about Pomp and what he had to say.. I think that he has been talking decently bullish on bitcoin for at least a couple of years, and to me, it sounds like a mere coincidence that he "went on TV" recently.. bitcoin is going to do whatever it was going to do whether he happened to go on TV or not. I doubt that he changed his message, even if there might have been more interest "on TV" to interview someone (perhaps anyone who happens to be articulate) about bitcoin.
Ill go for $15k and then with all reserves.
If this target is not met, I will have some cash for the holidays
Edit: or shitcoins Unabashedly stubborn..... good for a strong belly laugh... that's for sure.