It is an Idea.
I think you should check it with these points.
All parabola with >50% linear corrections are cycles.
All tops found as log 1.618 extensions of cycle lows.
Cycle top ~$180k BTC.
Sub 50k potentially never seen again.
$1 million bitcoin projection at end of decade.
But please keep in my it is an Idea. Idea of Alternate Macro.
I'm still waiting for Bitcoin below $30k to buy. Do you think it's in vain?
You might have anywhere between 10% and 30% odds of achieving less than $30k at some point in bitcoin's future. I would not hold my breath.. and for sure, if you are adequately prepared for UP, then it may well not hurt to have some amount of low ball buy orders. I think that quite a few longer time bitcoiners will save some fiat for those kinds of lower price scenarios, even if they believe them to be less likely.
Some of the problems with either no coiners or those folks who have not adequately/sufficiently prepared for the possibility of UP would come when they are holding too much value and waiting for a low entry BTC price point that might not end up materializing.. then they are just stuck without any coins.. so in that regard there should be some level of balance to at least have some value already invested so that you are adequately and sufficiently prepared for UP, too.
The amount that you have prepared for each BTC price direction is surely a matter of discretion that should be largely tailored to all of your own personal circumstances; therefore, there are probably not any two people who structure their balances in terms of how much to prepare for UP, DOWN or sideways in the same exact way.
Not cool man...... not fucking cool at all.
Well, well, well... look what the cat dragged in!
Nice of you to drop in. Hope things are going well
All good here ser
and likewise hope life is treating you well too....
Well , you know, I had to pop in for the DOOOOOOOOOOOOOOOOOOOOOOOOOOOOM
There is going to be some variation, but any of us who have been into bitcoin for several years (even a whole cycle) are not going to be feeling too much "doom" and gloom these days so long as our portfolios were largely already established prior to September 2020..
On the other hand, if you were still establishing after September 2020 or just getting started at some point after September 2020, then there could be various levels of nervousness in regards to how you might have played your buys/sells/HODLs or whatever.
I am not going to completely ignore the folks who might have thought that they had been mostly prepared for UP prior to September 2020, and then figured out that they were not as "prepared" as they had thought that they had been... so in those respects, some of those folks might have ended up feeling way more doom and gloom than they should have felt in the event that they had gone through with a more adequate/meaningful preparations prior to September 2020.
