Today is the day that I've been saying would be the top for Bitcoin for quite some time. I've actually been eyeballing today for basically the last 4 years. Now that it is here I don't want to sell any Bitcoin, but I may sell a tiny bit just to stick to the plan... There's a ton of bullish news out there and with December looking like it will be the MSTR inclusion period, I have mentally begun making excuses that my sell date should be moved to December 16th. We will see how that plays out for me, but I've definitely started watching the exits.
you thinking that such a prediction could be accurate amazes me actually...
What’s amazing to me is that this will be the fourth time it’s happened.
Don’t listen to me though. Watch this instead.
https://youtu.be/eCXaCSVhivI?si=M62NPB5I8NIX6tItWe are in bubble territory already and “the Titanic has hit the iceberg.”
I think we go higher, but looking back there will be a lot of people who wish they had started taking profits here instead of trying to time the top, which we will definitely hit in the next 100 days if we haven’t already.
Thanks for the video. Watched it in full.
I think that guy has a lot of valid points but it doesn't seem that he gets the difference between crypto and Bitcoin. He also sees Bitcoin as a risk asset and gold as the safe haven.
The talk about a new form of world trade currency that is on "a Blockchain" sounds to me that that will likely be Bitcoin.
If all what he says happens, Bitcoin is likely to come out as the new world trade currency / reserve currency, which means we will be in the millions per coin.
Selling BTC at a cycle top bigly is really nice but that's only half of the gamble. if you don't get back onto the train again at the right time, you can easily lose the (generational) opportunity of your lifetime.
I think none of his arguments destroy the value proposition of Bitcoin.
If you successfully trade the cycles, great! But that's not a safe strategy for everyone. I think that would be hodling...
Great review Gachapin. I had heard that interview around 12 hours before OgNasty had posted it, yet I did not listen to it in a mind of commenting on it, and you capture a lot of the ideas well and within a framework to show why the guy is not a nutjob and he is even quite smart, yet at the same time, he is likely too smart for his own good and also too smart for folks who ONLY hear part of his message and decide to sell their bitcoin too soon and/or to fail/refuse to stock up on enough of the cornz.
So part of the actionary problems relate to failing to build up a sufficiently large enough stash, even if one might be a HODLer, and sure, for many of us, HODLing tends to be enough since we have stacked up on dee cornz years ago or at least we had been adequately/sufficiently stacking through the years. many folks may well hold some cornz, but they don't have nearly enough to account for what bitcoin is, even though surely being a low coiner is better than being a no coiner, but still one of the better actions for folks is to spend their earliest of years ongoingly stacking coin, even if they might sometimes consider the price to be high, because they largely don't have enough and HODLing is not going to be as good for them as ongoing accumulation through buying would be.
Also, as you said, Bitcoin is different. Shitcoins are bought to be sold (for BTC?) later, while one might keep most of his Bitcoin if he/she doesn't need the money, to avoid the mistakes you mentioned.
People sell Shitcoin only when it gets a push from it. This is not the situation from Bitcoin in contrast. I always keep 50% of my income for Bitcoin.
Shitcoins are pure gambling and if you are not smart enough, your investment could be gone.
You might be going to take profit after a little push and boom!...you see rug pull.
Only if you have master the art...few times profits might amaze you but no guarantee of you earning continually from Shitcoins.
Putting your money in other investments can be profitable with little guarantee if you can hold but not shitcoins. Thank again!
Thanks for highlighting that point.
There surely may well be an intention to put money in shitcoins in order to buy more bitcoin, just like there is an intention of the roulette wheel player to win when he places his various bets and to have more dollars after placing such bets.. . yet it is likely that the house in shitcoins is taking more than the roulette table house is taking... so your odds are likely better with putting money on a roulette table than it is with a shitcoin.
A long long time without posting here in the wall oberserver which this months is really a obersving wall, nothing is happening at all we are at a super calm for what? 2/3 months?
I was not expecting this sudden stop on out rally. Come on guys put the engines of pump to work again, i want to see BTC on 200 k before the year ends, and at this pace is gonna be impossible.
I have been seeing a lot of whiners in bitcoinlandia in recent times.
This pump is not enough..
OMG.
Bitcoin is not guaranteed to go up, and surely there is no reason to be unhappy no matter which way this pig is taking us
(reference to billyjoelallen).
We are up just shy of 2x from October 2024, and we are up nearly 7.5x from our November 2022 lows.
I am having trouble seeing why "this" is not enough?
Another thing is that there is likely quite a bit of value in having our UPpity grind up slowly rather than going up violently, even though surely the traders love the violent tops, especially if they can catch them.. but investors should appreciate a more gradual UPward grind, which seems to be our current status.. at least so far.
By the way, to a certain extent, "I was not expecting" tends to be healthy state of affairs in bitcoinlandia, yet directionally in the bitcoin price, we seem to be getting as much, if not more, than any of us could expect to play out, yet some of us still want to proclaim that "we" wanted "more" than what we have already been getting?
I just glanced at your forum registration date, Volgastallion.
I cannot imagine very many situations in which normal guys would have had been able to frontload enough of their bitcoin investment within 2.5-ish years (if we go by your forum registration date), yet I can see some guys stacking and then stopping in their stacking because they are planning to sell (and trade) even though they probably would be better off to either just keep stacking or to let their investment play out for a cycle or two.
[edited out]
World Reserve Currency will be the currency, that underpins AI to AI transactions!
It takes great strength and conviction, to see the cycle before us, let alone a cycle at all!
I personally believe we are on the last leg of this cycle and as stated before, I will be transferring
some wealth in return for hard/illiquid assets, obviously fiat first...
Guarantee you one thing, the next 3 months, will be a wild ride!
You are trading too?
Everyone is a trader?
Some of us might not realize that bitcoin is the last trade.... meaning that once we are in it, then we should not have to trade it.
Sure, shave off some profits here and there along the way.. .. but yeah, guys can do what they are going to do.. and I am not opposed to diversification.. so maybe there is some hope in your use of the term "some"
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