oh have to go buy some more dip buddy is tanking price again
Buy the dip with what? You guys have fiat left?
Philip never saw a fiat that he doesn't like.
In other words, he never runs out of fiat.
That's part of his issue.
He keeps like a year's worth of cash, just for shits and giggles, even though he also claims to still be in his accumulation phase (or that he doesn't have enough BTC).
Do you think that our odds for further down in September might be lessened if August had started out around $113k and ended slightly below $108k (something in the ballpark of a 4.5% drop)?
Theoretically it could be easier for September to end up from $108k, even though sure we have right around 14% in total to make up for if we want to get to another ATH, to the extent another ATH is still in the cards for September, October or perhaps later this calendar year (referring to 2025)?, but yeah we should not necessarily start counting our chickens too prematurely.
AKA I have no idea about the shorter term.
( I wrote a whole lot about stable coins and the USD, but meh... )
Sure there could be a question whether we test $100k again or we test ATH. Which one comes first?
Regarding stable coins and USD.. you are right not really a great topic even though this thread is about the BTC/USD pair...
oh have to go buy some more dip buddy is tanking price again
Buy the dip with what? You guys have fiat left?
Yeah
I have fiat to pay my mining power bill until next august
and I have 7000 extra cash.
I am not sure if you need cash for 12 months.. but yeah that is up to you.
And, yeah there can be different specific reasons to keep certain kinds of cash and/or to dedicate it for certain kinds of things.
yet at the same time, if there is cash that is coming in, then there can be best case and worse case with whatever cash is coming in... and yeah worse case is usually zero, but most of us are not going to operate like that.. so we have a base case a worser case and a better case.. and we try to account for all or any of them while at the same time perhaps having most of our preparations in a kind of base case that is somewhat reasonable and not extreme and we might be able to draw from certain sources, .. so maybe we have a month or two in physical cash, and we might have a month or two spread across various kinds of bank accounts and then we might have a month or two in various other relatively liquid forms... so if any of our areas get depleted, then we will pay more attention to that area and perhaps try to replenish it or to try to prevent further loss in that area.. We also might have some other funds that are less liquid and perhaps more volatile and we might also have various kinds of lines of credit that we can draw upon... some more preferable than others.. and yeah if our income and/or our expenses are very unstable, then we likely have to hold more reserve/backup funds... but if our income/expenses are fairly steady then we would not need to keep so much. 3- 6 months in various forms..
My issue is pacing my buys more than anything else.
and by the way 106k dec 2024 to 109k sept 2025
with a dip to 74 k with a pair of rises to 120k
look really fucking sideways to me. JJG
Are you trying to say that you told me so?
Sure we have largely been bouncing around the top for a decently long period of time since the trump election results in early November, ground our way into top prices at various points, and then got a correction down to $74k (like nearly 30-ish%), like you said and then grinding our way back up (so far $124k). with a so far current correction of 14%.. and you can call it sideways if you like..
I find it a bit interesting that we have been in the top 100 for nearly 4 months, so that is a bit of a grinding up rather than a flat.. but sure.. if you want to call it sideways.. you can do that.. I am just not considering bitcoin to really be inclined towards sideways so there might be some temporary reasons why we continue to be in such a state.. but then again we were in the $50ks and $60ks for decently long periods at two points in 2021 before having the major correction in 2022.. yet at the same time, we have some different kinds of dynamics going on right now, but bitcoin is never really the same - in the sense of a man never steps in the same river twice.. .. so yeah, perceptions and spinnenings and dreams of sideways.. go ahead.. dream all you like.
Maybe it is a BIG SO WHAT to assert that bitcoin gets stuck in some sideways position for a while from time to time, yet it is difficult to say how that sideways is going to play out.. but anyone wanting gradual and "stable" bitcoin prices should have some reason to rejoice in recent times.. . and yeah, we are here until we are not.. and where you proclaim the sideways to be is a bit of a BIG price range if you really want to seem correct.. and I am not going to say that between $100k and $130k is the new don't wake me up zone.. but there likely is a need to describe such zone in some kind of a way. and funny as it may seem, if we want to characterize the last 10-ish months, we might say that BTC prices finally broke through the $55k to $80k-ish don't wake me up zone and then has steadily been having that zone grind upwardly little by little and so it had become $80k to $100k-ish until about May. and then since May it has been grinding up and slowly dragging the don't wake me up zone to higher levels.. even though surely each of us likely get's excited each time new ATHs hit and they have been various relatively small UPpity jumps, but still somewhat exciting, nonetheless.
