Hmm. Having just seen the results of a particular search, I'd just like to stress that none of the other "Chartbuddy"s out there (other than anything in bitco.in) have anything to do with me.
So? We have "chartbuddies" in "various rooms" out there?
So must I hold cash as a hedge?
Hedge? We want a shrubbery!
What is the difference between hedge? and shrubbery?
Doesn't it seem that Phil's historical problem relates to his overly allocating to cash? rather than his underallocating to cash?
Not that any of us can really know, exactly, the allocations of other members, yet sometimes the "oversharing" of information is going to contribute towards our abilities to assess problematic aspects of the ways that some of our compatriots (in this here thread) are dealing with their bitcoin investment.
Even historically, we likely realize that it has been way better to be in bitcoin rather than cash, yet we also likely know that some guys have ended up overdoing a good thing, so even though allocating to bitcoin has been a good thing (and likely going to continue to be a good thing), sometimes guys overdo it and end up wrecking themselves because they seem to either be trying to get results quicker than the pace that the cornz is willing to provide or they end up putting too much in so that the expenses of their regular life will not adequately be covered by their cash coming in or their back up funds (to the extent that they have any), and so then they end up having to sell some or all of their bitcoin at a time that was not very good.
Fed does not understand the current K-shaped economy:
https://www.msn.com/en-us/money/markets/ar-AA1QYCmBWhat they are going to do when "growth", measured in AI-based production, would increase exponentially, but employment stagnate?
I don't think that they have models that could help if this happens.
We might have a huge deflationary trend, perhaps.
So must I hold cash as a hedge?
I do, but "just in case". Some diversification wouldn't hurt.
AI should be deflationary, but we shall see.
Some AI aficionados predict that almost no one would have a regular job by 2030 or maybe jobs would be like a game: click on a bunch of buttons, receive your daily allowance, lol.
Bitcoin should help and above 1 btc is already 380X of the average btc per an Earth inhabitant, so you already made it...if you don't sell in the next, say, 4-5 years.
In the worst case of a job loss few years downstream, I will start soc sec&pension and then I wouldn't care about the job from the financial point of view, especially since
a few years down the line from that I might have to take RMDs as well.
That said, it sucks to be older than, say, 40-42
.
This is my personal opinion...your experience may differ.
You old geezer!!!!!
Every person that sells 'likely' has held their BTC a lot longer then Blackrock as such...keep that in mind..easier to buy and accumulate an asset like btc then mine it
I think that the myth of the supposed OGs selling their bitcoin is overly exaggerated. Sure there are some examples of such selling since there are always OGs selling, but the examples of supposed large scale selling coming from OGs is likely in the territory of pure fantasy in order to inspire shorter term dumb fucks to sell more coins than they should and also inspire newbies to NOT buy any bitcoin.
The dumb fucks selling (or failing to buy enough bitcoin) have likely not even gone through a whole cycle, hardly OGs.
so HODL ..this too will pass...seems awful contrived...
ditto dat.
Not only HODL but buy more if you can or if you don't yet have enough, and the overwhelming majority of the world's population don't have enough cornz, whether they realize it or not.
By the way, it would be interesting (and not even outside of the realm of possibilities) for us to experience a $20k daily candle.. even though it would make more sense to ramp up to it rather than going through such a seemingly explosive recovery.
[edited out]
I'm still a novice and I guess I was just happy with myself that I was able to get this little prediction right after analysing the chart I saw of btc, at least I got it right which shows that I'm learning, this forum made me to pick interest in things like this and I can tell you for free that it's helping me in every possible ways.
Well if you get lured into trying to trade bitcoin rather than investing into bitcoin, then you may well be learning the wrong habits, and then you think you have it all figured out and you end up failing/refusing to sufficiently/adequately accumulate bitcoin in your earliest years of finding out about bitcoin and having chances to buy it.
It tends to take years and years and years to really build up a bitcoin portfolio, and fuckign around trying to time the market or to ONLY buy dips or some other nonsense that goes with selling to buy back cheaper likely end up with folks who don't have nearly as many bitcoin as they should have (and/or could have) had if they had stayed focused on investing and accumulating bitcoin through ongoing, persistent, consistent, regular and perhaps even aggressive buying.
You can do what you like ultimately, yet it seems best to concentrate the majority of your efforts on accumulating bitcoin through buying since we have one of the best, if not the best, of investment in front of us right now.
Even you have admitted that you are new to bitcoin, yet you have been registered on the forum for more than a year, so hopefully, for your own good, you have been figuring out ways to accumulate bitcoin rather than patting yourself on the back for calls that likely had more to do with luck rather than any particular skill that you have or think that you might have.
There are a lot of bitcoin price geniuses and/or wannabe bitcoin price geniuses who either did not accumulate enough bitcoin or they ended up selling too much bitcoin too soon and contributing to their own psychological inabilities to sufficiently and/or adequately invest in bitcoin within a prudent kind of approach.
I know I can't even begin to rub shoulders with people like you concerning crypto in general
Hopefully you don't get distracted by shitcoins, since we are talking about bitcoin in this thread, and there are a lot of folks and even smart people who seem to not know what crypto is, so they just spout out the term crypto because they want to sound smart, when they likely need to figure out whether they are talking about bitcoin or something else, and if they are talking about bitcoin, then maybe they should have had used the term bitcoin rather than the vague term "crypto" which largely confuses the topic and even seems to suggest that bitcoin is the same (or nearly the same) as the various shitcoins that are out there.
because I know you guys are miles ahead of me in every way concerning this very space. I will keep on reading and learning from a guru like you.
No problem.. Wanting to continue to learn is a good thing, and hopefully, for your own good, you can figure out a way to accumulate bitcoin too, since learning becomes much more concrete when you are personally interacting with the topic with your own stake in bitcoin and perhaps an ongoingly growing stake with the passage of time.
By the way, I am just a regular person, so I don't really know anything more than anyone else, even though surely it likely helps to spend some time studying bitcoin and being involved in it, yet at the end of the day, anyone can participate in this thread (or this forum) and exchange ideas, and we are both learning from each other, while at the same time, our experiences likely will help to inform our perspective so that our interactions with others might have some resonance, even if we might not always agree about the relevance of various components or even that guys do take different approaches to bitcoin and some of us might have tendencies to talk about bitcoin as an investment rather than a trade, even though surely there are many newbies to bitcoin (or even guys who have been in bitcoin for a while) who still might not be able to resist temptations to trade bitcoin or to talk about bitcoin as if it were something to trade.
So, part of my point, is that guys do not always agree, even on the investment versus trade angle when it comes to how to treat their involvement in bitcoin.
Guys, guys I have a big secret about Bitcoin to share!
Don't tell us about it, maybe it would be for the better
My secret is: Bitcoin is going to the mooooon! You've heard it here.
That is not a secret, especially for those who know.
Sure, there are a lot of folks who either don't know, and/or even if they did know, they are not sufficiently/adequately preparing in order that they are confirming that they actually know, which such confirmation comes through an ongoing buying of bitcoin...
So, yeah, an open secret, yet the ones who will profit the most are going to be those who actually take action rather than sitting back and considering bitcoin from a "theoretical" perspective.
