I am always at awe when the stupidest, most expected scenarios unfold (like the current setup)...makes the 'game' look rigged or at least pre-ordained.
Whatever looks obvious to you does not look so obvious to me. Call me a dummy.
OT: the captcha comment: Can a book glide in the air? hmmm...it depends on what you consider gliding and when dropped from what altitude
Depends on if the book is open or closed, too... or if it is a paper back or hard cover.
Yeah but. This time is real.
$100k is officially boring AF.
Stop waving the "do something stick"!
But just here to say... hang tight friends,
s'gonna be ok.How do you know that it is going to be o.k.?
I had a buy order hit in the lower $9k territory, and that order did not fill during the first round (wasn't that around 10 days ago?).. anyhow, it hit this second round, and so far we got a low of $96712 - my subsequent buy orders are every $3k until the lower $70ks and then the become every $2k.. I hope we don't get that low. I will start to worry, perhaps if we get into the mid-$80ks, and then if some pretty BIG liquidations start to take place. That surely would test the solidness of the various players... including a good number of those leveraged treasury companies.
Maybe folks are worried about a potential contagion and cascading based on leveraged treasuries starting to fail.. I have a hard time imagining that we go below our April 6 low of $74,434... but never say never.
So much winning.
You should feel good that you are hedged.
Why so bitter? You hedged yourself. Most similarly situated folks did not hedge.
Just quoting this.... Before a big wave the tide pulls back.
Hopium.
First one's free.
Now on the second viewing, I am starting to wonder? Did those three chicks live?
So today was a good dip day. 3 buys.
98.6
98.7
98.1
Now waiting to go under 96.5k for more dip.
I suspect we go to 88,888.88 by the weekend.
So get ready for more dip
Recall few months ago where these were like your sell order now they are Buys
Bitcoin is truly wonderful.
did not sell any in the 90's
have sold very very very very little all year.
I sold under 0.05 btc all year long and the sales were over 100k price level for btc every time.
Now (for the moment) you are looking like a genius. Don't provide too many details to screw up the moment.
Even if I sound like i am just hating on winning.. congrats.
There surely are guys who don't have any dry powder..so there can be frustration to NOT have much if any dry powder during times like this... .and I am not talking about newbies.. Newbies likely should be buying at any price and the price should not matter so much, yet guys who have been in bitcoin for a couple of cycles or so sometimes would like to have at least some dry powder for times like these... Yet I cannot blame them if they don't especially if they are still regularly buying bitcoin .. then in those cases they might not have enough money to have extra dry powder during times like these.
We have nearly a 24% dip from our $126,272 top on October 6 until our so far bottom of $96,712 from about an hour and a half ago as I type this post
100 is back in the menu
added 1% to my stack. the dip was tasty
It would be quite difficult for me to add 1% to my stack, even though if you recall summer of 2023, I had reported being involved in an "accident" in which I was the beneficiary, and I probably ended up adding several percentage to my stack in and around (and because) of that incident. .. maybe 2.5% or arguably 3%? When I tell the story in real life people's eyes kind of glaze over... hahahahahaha
They don't know the percentage of my holdings, but they are kind of like in a state of awe.. and perhaps even wondering if I might be pulling their legs... .. It can be tough to tell some kinds of stories, whether in the real world or even on the webs, because there can be reluctance to give all of the details.
the question is:
more dip or sideways or uppity?
That is always the question.
If the price is going down without a lot of support or some kind of a BIG bounce back... The beartwats are going to continue to play it, and if some regular folks are dumping, then they will exacerbate the dumps by throwing some of their own coins into the mix.. and sure they hope to get their coins back, but they don't care because they are hedged in areas outside of bitcoin..
In other words they are happy to take a loss for the cause.. but they should not want to end up looking like the German government from summer of 2024.
I am not going to claim to know.. even though it seems the downity momentum is continuing (until it is not).. and yeah.. maybe you are right about the $88k thing, but i hate to give you any credit before it ends up happening, since the trend could clearly reverse prior to getting even close to that low. I'd rather call it after it happened rather than before it happens.
