I am still buying, it's just I don't like the action since the summer of 2019.
Something changed and I can feel it, however it is difficult to convey intuition.
You come off as so random, sometimes, Biodom.
I am NOT trying to poo poo your intuition because surely each of us has rights to our feelings, even if we feel as if we cannot express them well or we feel that we cannot identify exactly why we feel the way that we do.
Surely, whatever various whale forces that are out there, whether they are genuine or not (meaning that some of them might use FUD spreading and all kinds of tactics in order to take advantage of BTC price momentum to push BTC prices further and longer than anyone had expected), any kind of rational and knowledgable person in regards to the BTC space should have gotten some kind of feeling of relief by the time we had gotten to the summer of 2019..... holy fuck, Biodom, in summer 2019, you really were feeling the opposite, as if "something smells fishy?"
I don't get it. In the end of 2018 and in early 2019, we were faced with shit-fuck November/December capitulation from $6k to nearly $3k.. so we were kind of fucked and in a bit of a pickle... and thereafter floating in the $3ks that lasted for more than 3 months. Not good.. Not good. I was there.
Holy fucking shit, Biodom, we got 3.5x BTC price appreciation from $4,200 to $13,880 within 3 months (from April 1 to the end of June 2019), and even if such BTC price appreciation was not sustainable, it materially delivered a way the fuck better situation than we were facing throughout 2015.. and bitcoin pumped and shitcoins just sat there like bumps on the log (and many even lost value during that time - especially relative to BTC prices).
In comparison, in 2015, we got nearly nothing all year.. hardly any ray of hopium through much of the year. We had one price run in July that brought us from $250 to $317, and then we reverted into the mid $200s for the rest of the year, until the end of October, we did not get shit...
So, holy fucking shit, Biodom, you really believe that bearwhales or whoever the fuck else wants to keep BTC prices down really wanted BTC prices to go up 3.5x in three months? when there could have just as reasonably been a BTC price correction down to $1,500 or lower, and that could have easily been our fate for 2019.. Personally, I was relieved as fuck to NOT have to experience a correction down to $1,500 or lower , even though it would have been well within reasonable possibilities regarding where we were at and how much manipulation could have been carried out by some parties that may have been a bit more determined to cause it to happen.
Sure, I would have continued to buy.. but I would not have liked it.
Sure, I would have continued to be a bull(tard), but I would have had quite a bit less pep in my step.
Sure, further corrections, like that (down to sub $1,500) would have likely caused quite a bit more time to recover (and likely would have purged a whole fucking lot of shit coins), and I would have beared through it, and accumulated more bitcoin and felt a bit resentful.
I am surely glad that we had a pump, rather than a dump in early 2019... and no fucking whimpy pump.... an actual fucking amazing face melting pump that left even the greatest of bulls with their mouths hanging open... did you see jojo during that time? nervous like a little girl. And, completely shut Searing up for quite a long time, too. Sure the dude was his usual bullish cheerfulness, but I know that behind the scenes, he was slapping himself in the face to make sure that he was not merely within some kind of non HODL pattern nightmare.
Anywhoo... 2019... great as fuck year for our lil fiend, aka kingdaddy.
In 2017 everybody was very concerned about btc split,e tc, yet it went from 1K to 20K.
Sure, I was there Biodom, by the time we got to early 2017, we were already gaining momentum.. and little whiny fucktwat BIG blockers were trying to ruin dee moo all year long and we continued to gravitate upwards and kind of got caught in a $2k holding pattern for a few months around the forkening and those various disputes... but they were pretty resolutely resolved in favor of bitcoin for anyone "in the know" who could see what was actually happening while the whole situation remained confusing.. the outcome was bullish as fuck and was shown in the price exasperation... similar to the pump of April to June 2019.. the pump of October to December 2017 was filled with outrageous exuberance... partly fueled by bitcoin's victory over a bunch of shittwats and even BIG business folks trying to tell king daddy what to do.. and king daddy was not having it.
You can read that 2017 blow off top, however, you would like to read it.. and even weigh whatever factors that you want to weigh because there are always going to be various interpretations of what happened and what effect that situation has on our current situation (where we are at now), and where we are more likely to go from here.
In 2019-2020 everybody (PlanB, PTJ, prominent bloggers, etc) keep saying how great btc is, invest half a bil $$ (the Saylor man), yet here we are, STUCK (and lower than in 2019, which is much earlier in the supposedly bullish cycle).
So?
King daddy is coiling.. whether you want to see it or not.
You can get all worried about bitcoin is not going to go up, and sure, there could be another correction down to $6k or whatever, but does not negate the fact that king daddy is continuing to coil.. even if it takes a while to play out (perhaps even a bit longer than we might have hoped.. and that continues to be how weak hands are shaken.. keep the price down for longer than anyone expects and lower than anyone expects it to go, and then when they lose control of it (those diptwats betting on down); hopefully they are not on the wrong side when the regression to the mean (UPpity) is likely to take place and to cause violent upside that is way worse than it should be based on BTC's price being held down for too long and too low.
You can deny it all you like, and surely I am not saying that anything is guaranteed, either..
For example, we could get all kinds of deviation from the various BTC price prediction models, but that would not necessarily cause them to be broken.. but they might need to be adjusted somewhat...
And, guess the fuck who would like you (us) to believe that the BTC price prediction models are broken? The ones who are wanting to part you from your coins. That's who.
Nobody had rationalized these doldrums yet.
The fact that Pomp (with an unknown investment prowess) and Raoul Pal are now all in btc does not give me particularly good vibes.
They are good at blogging, NOT investment.
I look at Raoul Pal as a contrarian indicator...usually whatever he says moves 180 degrees (aka in the opposite direction).
Sure bitcoin has a variety of free marketers.. and people who are touting out all kinds of pro-btc stuff, but surely small group of people are really in charge, and they each have a right to say whatever they want, pump whatever messages they like too. Some of the messages will resonate and some will not.
And who fucking gives any shits about those two... I mean, sure, I listen to Pomp regularly, but have you ever looked at the Bitcoin podcasting space? Holy fucking shit? It is way the fuck BIGGER than it was in 2016. I cannot even come close to listening to the podcasts that are in my feed, and I tend to listen to a lot of them at 2x and even to skim through a lot of them in order to focus on the better content... and my point is that the material is way more prolific, profound and amazing... there are so many fucking smart people who are involved in bitcoin and putting out all kinds of content, and they are way the fuck newer than you and me, Biodom.
I mean you, Biodom, have probably been involved in bitcoin at least as long as me, if NOT a bit longer, and some of these new guys (and even a gal or so, here and there) had only come into bitcoin in recent times such as 2017 or sometimes I hear fucking geniuses who have only been into bitcoin for a year or even a bit longer than that... it is amazing how smart some of them are, and contributing to the bitcoin ideas and marketing of bitcoin space for free.. and we surely do not need to agree with them.. and we can take what we like and leave what we like.
And hopefully, in the end, we are using various information and perspectives to better hone our own ideas in order that we can better know whatwegonnadu.. back to the original questions regarding allocations that help each of us to personally figure out our own situation in order to figure out how are we going to allocate in order to pee pare our lil selfies both psychologically and financially for either UP or DOWN (or the rare event of sideways).
We should be able to plan these matters out in order that we are comfortable no matter what direction our lil fiend goes
and we are not emotional about it.
You already have a pretty decent idea what I do, right? I buy if it goes down and I sell if it goes up... and on an ongoing basis, I try to create set ups in which I am completely neutral regarding what direction she goes. Sure there are sometimes very long periods (such as a month or longer) that none of my orders fill.. and sure sometimes if the price goes shooting down, I end up buying a bunch of BTC, but I might feel a bit irritated that I am quite a bit less rich than I was prior to the shooting down of the price, but largely we have seen through the years that the BTC price recovers, and my price per BTC continue to go down and the quantity goes up.. except when the BTC price goes shooting up, then the quantity of my BTC goes down, but the value of my BTC portfolio is worth way more than what it had been prior to the shooting up.
It all seems to work..
I mean we are much better off than 2015 when the BTC was in the mid $200s for most of the year.
we are much better off than 2016 when the BTC bounced between $350 and $700 for most of the year, and finally got meaningfully above $700 at the end of the year.
Sure the price peaked in 2017, but don't we feel better off because the lowest of the BTC dip in December 2018 was $3,124...
Does that not feel better than earlier, and gosh we are playing around with mid-$10ks.. and feels pretty good to me.
I don't care whether we go up or not, even though I will be much MOAR richie if we were to happen to go up rather than sideways (not too likely) or down.. and hopefully we do not go below the 200 Week moving average, which is $6,700-ish as I type.....
So, as the 200 week moving average continues to go up with the passage of time, currently approaching gains of $100 per week... i am just feeling more and MOAR richie with the passage of time, and for the past several months, I have been glad to be introduced and to start using the 200 week moving average as my BTC price bottom measuring point... I think that the 200 week moving average is pretty conservative and reasonable to use as a running BTC price bottom reference point..
Maybe I am delusional?
But the whole situation continues to feel good man.
