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So is it up or down for now for the next few months?
My hands are very itchy and hot.
Is it time to do DCA again or do we need to wait for another decline?
You have been here since April 2017 bangjoe (that is more than 2 whole cycles, congratulations). I would imagine that you have been already able to get a decent amount of coin through the years, and some guys will transition from a DCA strategy and into a buy the dip strategy after they have mostly already accumulated a decently good-sized stash.
Sure, there are some other guys that proclaim that you can never get enough bitcoin, so perhaps some of those guys would just keep DCAing, yet I suspect that guys who say that you can never get enough bitcoin, they likely have not considered the matter well enough, since I can think of a variety of scenarios in which a guy might have had gotten enough or more than enough bitcoin, especially guys who have been able to accumulate bitcoin for more than a couple of cycles, which seems to be your timeline bangjoe.
Maybe it is some random, chaotic market.
Certainly, it used to be that btc movement "controlled" other coins, but not anymore..there are notable persistent exceptions.
I am just hanging out and observing, ignoring the 'paper losses' so far and looking at the prices once or twice a day only.
You must have a lot of will power. Many of us cannot resist watching a train wreck, even if it is our own.
Maybe it is some random, chaotic market.
Certainly, it used to be that btc movement "controlled" other coins, but not anymore..there are notable persistent exceptions.
I am just hanging out and observing, ignoring the 'paper losses' so far and looking at the prices once or twice a day only.
When there is a lot of money around, creating exceptions is quite easy. It is meaningless.. More money, more scammers, more manipulation but the same old tactics.
sheet, man...I just want the number to go up, that's all.
last 10 mo were kind of annoying, but OK if you want to develop your "hodling" muscles.
It is not like there is anything that the majority of us "bagholders" can do.
Perhaps some guys who sold some on the way up or even on the way down, they might be trying to figure out when to buy back.
Others might be figuring if they want to buy more, but if they already bought more in the last couple of years or even they bought whatever extra in 2022, 2023, and 2024, they might not really be in the mood to be continuing to buy more, even though we have something like a 25% drop so far (lookin at $93,961 that was touched upon right around 1 hour ago, as I type this post) since our October 6 high of $126,272.
There surely are some guys that get frustrated and they sell on the way down with a hope of buying back cheaper, and that does not necessarily work out very well. Selling on the way down tends to be a bad practice, unless you can figure out how and when to do it early and to end up being correct, which seems challenging at best and I think that many guys here don't tend to admit to employing those kinds of sell on the way down kinds of tactics - even though perhaps some guys end up engaging in such sell on the way down kinds of tactics out of nervousness, which I think any of us who have already structured buys on the way down, then we would likely cancel our buy orders on the way down prior to actually employing sell on the way down tactics.. Surely I don't recommend getting into such a dilemma of a pickle situation.
The crazy part about todays losses are that Strategy is currently buying with $700+ million dollars raised from the STRE offering. Saylor confirmed this during an interview this morning. It looks a lot like this market and Strategy are cooked. I dont see how Saylor doesnt get sued by his shareholders for all his preferred offerings at this point. Hopefully he has some of that $700+ million earmarked for a weekend pump
Aren't you the smartest creature that ever did walk this earth.
Shareholders will frequently sue CEOs, yet the standard would need to show a high level of eggregious behavior rather than whether the BTC price might go up or down.
I would imagine that Saylor has structured his matter to be able to tolerate somewhere in the ballpark of a 70% drawdown and even such a drawdown that might last a year or two, so I doubt that he is easily cooked, even though we might end up witnessing some of the other bitcoin treasury companies coming into dire difficulties, whether they have any debts that they need to service or if they might have had been depending on their share prices going up... but sure, it is possible that Saylor (MSTR) might end up screwing this up.. perhaps? perhaps? We should not be presuming even a 50% or greater drop to be something that "for sure" will happen. a 50% drop from our current top would bring BTC prices to right around $63k.. which I understand is not impossible, but it does seem to be a bit of a long shot - never say never... but still.
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I'm no lawyer but this could even be liable.
I have no horse in this race but I see the shady tactics you guys are using because I am not a shill nor a child.
If you were either of those your profound ignorance would be more excusable. Instead you're just a moron and harming the world with your vile idiocy.
My personal choice to defend bitcoin has already caused me to get targed by idiots like you with now more than a *trillion* dollars in lawsuits. You're deluded if you think you can intimidate me this way.
That does not sound good.
If you are receiving lawsuits, without seeing their supposed basis, that comes off as ridiculous, and hopefully, you are getting assistance in going through the legal process, since frequently it will be expensive to defend lawsuits, even if such lawsuits may well not have any solid legal basis.. or even sometimes they are bordering on frivolous and/or a way to purposefully harass.
