It will be a downwards move IMO.
As said previously in this thread, sold last week around 11.6k, now placing an order buy at 10.6k.
Confident on this one.
We just came from 10.6 not long a go..... why didn’t you bought Then....
Because he is a chart pundit. But there is another solution to his linear problem, besides a crash to 10600 now. If he draws a parallel line at 11400 he will get another crossing point in a week or two if that is what he is looking for.
Oh dear, such n00bs are cracking me up with their charts skills
I would bet that they will hardly get more than 30% profit in a good bull year with a 400%+ increase like the present. And then they will come here full of pride and joy and teach the holders with 100x profit.
Hilarious!
Thanks for your support, bro!
On a serious note, with my current job, after rent, food and personal expenses I can save circa 700 euros a month, on average. Since we all agree the price of BTC will eventually get to 50k, right? Then I should buy 700 euros of BTC per month, no matter the price, as long as it stays below 50k, correct?
Now that sounds like a great strategy. Will make me rich in 2 or 3 years time
Great idea to buy with your income.
What are you going to do? Are you borrowing? Mortgaging the house? selling everything in order that you can make 5x in a few years?
You do know that 5x is not guaranteed, too, right?
No but 10X, 20X are
Maybe I am a bit of a fud-dud? I am feeling a bit bad about myself, and I have said this before.
I hope that bitcoin at least performs as well as the average of the rest of my various assets, at a minimum, which overall the average is about 5.5% per year over a bit over 30 years. Of course, there have been some assets that have done better and some that have done worse, but my overall average is somewhat locked in place.
Actually, I have not really incorporated bitcoin into my historical average, because surely starting in late 2015, bitcoin's performance started to improve stupendously - yet still my overall portfolio, including the weighting of bitcoin's performance within my overall portfolio, did not really significantly start to skew the overall value of my portfolio until about early-to-mid-2017, so by then, both the size of the Bitcoin portion and the bitcoin price appreciation began to considerably skew the overall performance upwards, and probably if I knew how to perform a bit better calculations, I could probably incorporate those numbers into verifying the extent to which the overall performance of all of my investments improved merely because of the outlandish lopsided upside performance of BTC.
So, maybe I do need to up my numbers, and maybe even to estimate a new calculation of something like 8% per year or something like that? but anyhow, I try to keep my expectations down, prepare for both positive and negative, and surely with those kinds of expectations, bitcoin has been outperforming any other aspect of my portfolio by leaps and bounds.
I don't really want to change my ways, because I think that my psychology and even my finances remain sound because of my creation of a historical practice that allows me to get rich and to stay rich with the passage of time, so I recognize that if younger folks have both less diversified assets and even a shorter investment history, then they might create systems that both expect higher returns, and perhaps they are going to be able to achieve them, too? I am not sure if it is might be prudent for anyone to make sure not to put everything into bitcoin and to have his/her expenses covered - maybe even to be able to outline a year or more that cashflow is assured to cover all expenses (including emergency funds), and then maybe with the remainder value 100% of that remainder value could go into bitcoin. that might work, but still does not seem healthy to expect 20x returns, even though 20x returns could happen, so in that regard, preparation for 20x returns is still accomplished even though expectations are not overly inflated which could cause a kind of recting, too, if expectations are too high.