Sound like me? Just looking at one of my Newbie-rank posts from December 2017—coincidentally, two days after the ATH:
In principle, I am also against speculative trading; though I certainly do not complain about appreciation of my bitcoins’ value! I am in Bitcoin primarily for reasons of ideology.
[...]
I do share your concern about certain apparent political collision courses, perhaps inevitable. That’s why I try to inform people about the historical incidence when
gold was banned for four decades in the U.S.[...]
If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.
This last is important, because Bitcoin is more than a technology: Bitcoin and its value are a sociological phenomenon.^^^ The
Bitcoin: The Social Phenomenon thread was long in coming.
Bitcoin does not live in a vacuum - so of course, speculation remains part of what incentives it's whole system to work in terms of miners at the base security level and then building value within the community - whether being used in commerce, stored or even incentivizing development. Of course, you do not necessarily need to participate in speculation in order to benefit from it, and there may likely be none (or only a few) peeps who actually participate in bitcoin from all angles...
I should just stick with NO ONE can participate in bitcoin from all angles because there is ONLY so much that any one person can do in terms of participating in the various systems that are directly or indirectly inspired by bitcoin (and ongoingly growing too).
Going for a second dip.
Hopefully we will be above 16500 tomorrow, but if not, I've got some buying power waiting to be deployed.
I would not mind if the decline stops right here either, but some double dip is virtually guaranteed (if not in the next 24 hr, then in the next 3-4 days).
Maybe or maybe not...
Could test $17,253 again or could test $16.5k or lower.
Historically, we have experienced plenty of 30% to 40% tests of support (and even greater from time to time) right in the midst of a bull run...
In this case, 30% would be $13,643, and 40% would be $11,694. Greater than 40% would be lower prices than $11,694. So, sure. There is that angle, and BIG ASS corrections can be quite healthy for shaking out a few weak hands here and there.. If you consider our current correction, it has only been about 11.5% from $19490 to $17253. I am not wishing for down, and do tend to get pleasure from the BTC price going up and watching bearwhales, no coiners, fence sitters, bitcoin naysayers and alt-coin pumpeners have to chase the bitcoin train UPpity when they failed to pee pare their lil selfies.
I am not going to complain either to be witnessing some shitcoins getting some purgening of a wee bit of value in this dumpening, too. Purgening of shitcoin froth could be some of the fuel that is driving this correction.. yet I am not going to proclaim to be able to pinpoint specific motives beyond asserting that if momentum can be established in the DOWNity direction, then surely there are players that are going to take advantage of such DOWNity momentum to push the BTC price down for as far as they can and to keep it down for as long as they’ve can.... So there is that angle, as well.