it seems that now Bitcoin price is in a dip, a big correction is happening now,
that there is Fud about MTGOX, buy and hold, there is a possibility that it will go up again
I would hardly characterize 12% or 13% as a BIG correction.. (from a top of $19,918 to a low today of $17,640) (and that low was about 20 hours ago from the time of this post). Sure such a BIG dippening might happen, but there is nothing really unusual or BIG yet... The BTC price is still floating around in no man's land.. we have hardly left no man's land, yet (that is between $17,250 and $23,500), and it is dangerous to be betting on either down or sideways when we are in "no man's zone."
In other words, we cannot even tell if this is the end of this modest dippening that some peeps believe to be "BIG" or if there is going to be more dippening.
If you wait for more dip or sideways, and you do not buy at some point in order to prepare yourself for up, then you may well be regretting regretting such waitening at a later date..
Of course, the punchline remains that it is better to be prepared your finances and psychology for either up or down.. and of course, sideways is even less likely, even though it feels that we are in the midst of such sideways.
There's no "always" in bitcoin.. unless you believe bitcoin is never going to get above $20k.. Then you may as well sell all your BTC now...
Envy the guy who "always" sells or goes all in on contracts then, if the 20k is never to be broken.
My only headache, which is a good one to have, is that, for how long more will I be able to "cheaply" accumulate? 21 club seemed tough enough when I first fancied a crack, and then BTC never saw 3-digit price not long after. My "worry" is we hit 6-digits values well before I'm ready.
Well, your forum registration date is September 2016, and of course, soon thereafter, that was the end of 3 digits - even while none of us really knew at the time that early 2017 was the last that we would be seeing three digits.. around March or April 2017, I believe the charts show.
But you can really never know, either.
You only have the cashflow that you have or the ability to move around assets, and it can be quite risky to employ debt - as seems to be the current Michael Saylor play.. which may end up paying off quite well, but it can be risky for smaller players who do not necessarily got their cashflow shit together.
Something like 21BTC might be a reasonable and fair target, but it may be overkill too, depending on your various finances whether we are considering cashflow, other investments and timeline.. Does not necessarily hurt to have goals, but each of us should still be tailoring the best that we can to our own situation in order that we don't get overinvested, either psychologically or financially - which has screwed up quite a few people who thought they were bitcoin bulls and then they overinvest.. which does not always work out well.
