This is just like 2015, I remember feeling that we were in quicksand. The only positive about this if it plays out the same for another 3-4 months is more time to buy.
I’d love to know what the price will be at the halving.
You just have to live until mid-May and then you will see and therefore know.
Go LFC, go.
By the way, I am thinking that BTC's price in mid-May 2020 will be higher than it is today, which makes buying today a good investment, but I am not much more than 50% sure. Maybe I am 55% sure. I have a little more confidence that BTC prices will be higher than they are today in 3.5 years to 5 years. I am NOT really able to predict too much beyond that, except on the positive side to say that we seem to have decently likely odds of experiencing various BTC price swings between now and 5 years from now that could range anywhere between $8,800 and $500k. I am around 75% positive of that... maybe even a bit more confident, which is expressing certainty from me.
Buy, HODL and accumulate BTC, as much as your
(this is not directed at just LFC - public thread, remember?) budget can tolerate without putting your ability to pay regular expenses in jeopardy... Play your ability to pay your regular expenses 6-18months into the future.. shorter periods if you are single and unobligated in terms of complexities and debt and longer if you have more responsibilities.
Make sure your finances are in order and then your psych is more likely to be in order
(also not guaranteed (look at Bob, for example.... hahahahaaha) ). You will thank me later (perhaps?
(of course, I know that part is far from guaranteed) ).
I have seen no convincing case that anyone can accurately predict future BTC prices, at least in the short to medium term. This dump today provides more evidence of that. I sure as hell didn't see that coming last night...
And while the S:F models may be right (if BTC does represent a big paradigm change as the poster suggested re the Netherlands last page), well that IS subject to the tremendous volatility we have all seen.
So, yeah, JJG offers excellent advice to everyone who wants
moar BTC. Take your time buying. Be patient in HODLing. Don't overbuy if you might need $$$ in the coming months for bills, unexpected expenses, etc. Don't overbuy unless you are young, as those of us who are older do not have time to recover from catastrophic losses from bad timing...
Try and think the long-game. That's what I'm doing.
