Seems like the market formed a double top. There may be a small dead cat bounce but after that it’s only down I’m afraid. Welcome to the next long crypto winter. You should sell everything & sit on the sidelines, ready to buy back sub $10,000 in 2023.
It was fun whilst it lasted but the top is in. Sell everything now before the long crypto winter engulfs you.
Thanks for showing us that there was no reason for any of us to have had been dumb enough to actually feel sorry for you and your no coiner nonsense..
I suppose that there could be a few stages that you could get coins.. the most certain for anyone who actually has no coins would be to get some under $59k.. at current prices.
Alternatively, you may be able to get some coins for a few thousand cheaper than current prices, but there is no guarantee (that's for sure), and waiting for lower prices may well show that you are greedy rather than prudent.
Any recommendations regarding when to sell and/or when to buy should account for individual circumstances, and not too many of us in these parts recommend engaging in all or nothing preparations - and selling all to buy back lower is surely a losers game (which just based on what you are saying, you do seem to be a loser billynocoiner).
Anyone who is genuine who wants to get into details regarding strategies for accumulating BTC that might be more applicable to someone who is genuine, might want to suggest a scenario..
Frequently, I had outline circumstances for some hypothetical person(s) (newbies, perhaps?) who might be new to bitcoin and have lump sum amounts (perhaps $12k) and cashflow (perhaps $1k per month) and to be able to prepare based on something like that.
There are a variety of approaches to include dollar cost averaging, lump sum investing and buying on dips... and selling to buy back lower remains a losers game without fleshenening out some details.. including that billy no coiner seemed to have come to this thread in July 2021 when the BTC price was at the low of the May through July dippening at around $30k, and likely sold all of his BIG ASS stash of 0.0613483 BTC at that $30k-ish point.. that is if he had any BTRC to begin with... so hard to base any kind of prudence in terms of considering BTC accumulation strategies upon any of his ongoing desperate nonsense pleas.
So I grabbed six small pieces back.
Will buy more dip if it comes.
When I buy dip is is always buy and hodl it.
I have three accounts for that.
I always hodl and have never sold any BTC from those accounts .
Those 3 accounts are BTC buy dip and hodl only.
My exit plan on them is sell at 70 years old.
until then buy dips and hodl.
Next dip level to buy is 55555.55
You probably appreciate that one of my criticisms of you Phil has been that you have not been sufficiently aggressive in terms of your historical bitcoin investing strategy... and yes I have been a bit of a broken record on this point... and in some ways many of us know that those are your various balancing of trade off choices...
I concede that I hardly know shit about you, and I also concede that you have both admitted that historically that you had not been very aggressive in terms of the quantity of BTC that you had been retaining and you asserted that you have increased your level of aggressiveness - which surely I continue to question your level of adequate aggressiveness - even though I cannot really know your details or even experience your trade-offs.. but since we are participating in a public thread, I do believe that it continues to be important to emphasize techniques that are preferable - including techniques that might be better than others.
Surely, I am not opposed to strategies to buy BTC on dips, but I will assert that buying on dips has been a strategy in bitcoin that has shown itself to generally be inferior to both DCA and lump sum investing.
Yeah, I understand that you have a couple of problematic areas, philip...
1) one of your problematic areas is your damned age... but if you suggest that you have somewhere between a 5 year and 6 (understanding that you are somewhere in the 64 age arena.. and maybe you just turned 64 so your investment timeline may well be closer to 6 more years rather than 5 years) of year timeline before you are going to start to draw upon your BTC.. you are granting me some ammunition in terms of suggesting both front loading and DCA.. at least for a bit of time.. I do understand that we are in a bit of a problematic area of our current cycle.. so it becomes a bit more problematic for me to suggest any kinds of over-exuberance in terms of aggressiveness... but as you get closer and closer to 70 years old.. then you no longer have at least a 4 year timeline before you are going to need to draw upon your investment, though I do understand and appreciate that you may well be drawing on your BTC investment in incremental, rather than lump sum ways, so yo may well not need all of your BTC investment at once.
2) another problematic area is that you are involved in BTC mining so you have a BTC income, but we also know that you can segregate that portion of your income out and make decisions regarding how much of that business related BTC to cash out on a regular basis versus how much to fold into your own income or personal savings (in the form of BTC as contrasted with converting to dollars). I suppose that the earning money in bitcoin aspect does not need to be a problem, but there have been so many times that guys (not only you Philip) have considered that they are invested in bitcoin merely because they are involved in bitcoin.. and surely a lot of guys (and gal perhaps too) are vulnerable to such thinking in which the being involved in the business interferes with the separate question that they have to answer regarding both their cashflow and how much to keep in bitcoin..
Poll
