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I took you off ignore to watch you and jjg have a net fit fight.
It's like mud-wrestling with a pig.
Many of us are likely familiar with the expression.
back to topic. will we go back up before Dec 1 Set a new high in Jan 1 top it again in February 2026. and show up OgNasty
or is he correct and we are hosed and 55k is just around the corner.
$55k seems a bit extreme, and it could be that OgNasty is merely trying to be dramatic in order to make a point, which I would imagine many of us consider him to be a bit much when it comes to suggesting that there is some way to have certainty about the extent of the drop.
It sure could be possible that our already existing local bottom of $98,898 could end up already being a sufficient bottom, yet it would not be any more bearish than it already is to have another test of our curren t$98,898 bottom and perhaps even go as low as $90k-ish.. before returning in the UPpity direction.. and that would surely shake a few more weakhands who are teetering on this superficial theory that the "the top is already in."
I could also end up breaking down after such additional test, since there could be some more froth to flesh out from our October 10th liquidations.. .so maybe there are 35% or perhaps close to 40% or so odds of breaking down after some kind of a retesting of our current local bottom rather than resuming into a grinding up kinds of a scenario.
JJG - I don't know why the nice and considerate good people here put up with your shit...
Maybe he's just L33T?
hahahahaaha.. I had not even noticed that.
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It's always a win-win when you've already won!
That's part of the thing that tends to be so difficult for the low coiner, the no coiners and the overly whimpy accumulator guys to realize that a certain amount of ongoing building up of the bitcoin stash will likely end up in later having some kind of a price cushion between our costs per BTC and the current price.. and even after a while the 200-WMA will end up being way higher than our costs per BTC... so then at that point the investment has already won, even if the amout of profits might still be fluctuating in seemingly large ways, relatively speaking
There seems to be a lot of "already won" built in for guys who have somewhere close to a couple of cycles and beyond, and surely I had been saying that if some of the guys had built most of their stack prior to 2021, there are decently good odds that he will feel like he is in the already winning camp.. as long as he had been mostly erroring on the side of buying and holding and not fucking around with trading and any sales were either relatively small or done in a spend and replace kind of a way.
I acknowledge that even a guy who did most of his stacking prior to 2021, he likely would have had needed a couple of years of stacking at least.. but yeah, I hate to be overly presumptive, except that I know that it tends to take long time to build a bitcoin stash, even if a guy might have some abilities to invest from other savings and the reallocation from other investments besides merely relying on income from his regular job, since it is fairly rare for guys to both have a lot of discretionary income and also be focused enough to invest high amounts of it (especially into something like bitcoin).
