With 24% capital gains it’s too much of a risk. I sold enough Bitcoin for six years of life expenses. In hindsight I should have sold more over 120k but I thought we would hit at least 150k this year.
Love to be wrong but this looks like frustrated OG’s and four year cycle believers dumping due to lack of bullish price action. It’s causing severe selling pressure. I think the bull run is over.
Clearly I hope it’s not as I become significantly wealthier with uppity price action. I just say what I see though without bias.
With diminishing returns we are witnessing now (Bitcoin went up less than x2 this cycle about x1.8 to be precise), perhaps there is no reason to wait six years to sell? Just to remind, previous cycles' gains were as follows: 2013-2017 x17 (1115 to 19700), 2017-2021 x3.5 (19700 to 69000).
So, if we're lucky we could expect Bitcoin to reach $176400 (40% growth if compared to 80% growth this cycle) in 4 years. This is an optimistic scenario, realistic could be something like $150k or pathetic 129k EUR. Taking into account inflation etc. $150k in 2029 will probably buy you less than $120k or even $100k today.
The times of parabolic pumps are over. Amen.
Bitcoin has not gone up enough for you in your last 8 years since your forum registration, and you feel that your prospects by accumulating and/or holding bitcoin are not good?
I think that bitcoin has been a great place to hold value, and I have am fairly confident that in 4 years the bottom price of BTC (such as the 200-WMA) will be higher than $150k. Sure
my earlier projections show late 2029 as $211k (for the bottom price), and that number might have to be projected (readjusted) downwardly, so there is a certain need for any of us who are buying into bitcoin (or already bought into bitcoin) to go with the flow in terms of figuring out if there might be better places to put value if you believe that bitcoin is going to start to underperform other places in which you could put some (or perhaps all?) of your time, energies and/or monetary value.
You are probably losing the plot (and/or losing focus) if you believe that there is some other better place to put value outside of bitcoin.. but that's your choice.
On a personal level, it is not like we can control outcomes, but we can try to hedge as best as we can.
By the way,
the 200-WMA moved from $17,003 on this same date in 2021 as compared to where it is today at $54,852. That is about a 3.23X appreciation of the bottom (which should give us some assurance). We do not ONLY need to measure from various spot prices and 3.23x from bottom to bottom seem like pretty good numbers.
......... I don't think Bitcoin is any real danger because of the changes that the core teammade. My beef is that they jammed a contentious change down the throats of all Bitcoiners and laughed at us when we begged them to hold up.
It seems many folks find the method of implementation part as troubling;.. even though various core folks keep proclaiming the change to have had been a non-change change..
[edited out]
Agree with most of this to be honest sadly but then I remember Gold, with a far bigger market cap did 60% this year so it gives me hope that a few years down the line we could be over 200k.
With increased adoption and more institutions piling in maybe we do a 3x or 4x in a few years. Time will tell, I don’t know what went wrong this cycle (assuming it has topped) but it has been pathetic.
I guess we are all still married to Bitcoin for the foreseeable future.Yep. It seems to go back to the question about where else are "we" going to go?
Dee cornz seem to be the best game in town, and perhaps even you (LFC) might be questioning the extent to which your negativism about the corn relates to your own seemingly over-reliance on dee cornz being on some kind of a schedule. Some normies are going to get manipulated out of their corn (just like they were in 2021) based on expectations that BTC price moves have to happen within a certain time range and with a certain kind of magnitude in order to be "acceptable," and remember how some folks got so separated from their coins because they considered the 200-WMA to be some kind of an impenetrable price floor... there were a lot of reckenings when BTC prices went below $22k in June-ish of 2022 and then spent a lot of time below the 200-WMA (a considerable part of 16 months).
There is some non-rigidity in the bitcoin framework that we have simultaneously come to love and and get frustrated about.
By the way, I know deep down on the inside you both want to be correct about your side of the bet, yet at the same time you want me to win. hahahahaha
Isn't this outstanding bet making the whole recent BTC price dynamics matter so much more entertaining? Everyone (meaning bitcoiners) is going to be happier if I win the bet, but then at the same time, life in bitcoinlandia cannot be that easy, right?
Just admit you sold some, stop being a drama queen.
The giant position is now 5% underwater.
It is not up all the time?? Panic!!
Of course I sold some. I came in here and told everyone they would regret not selling at $117K as well… I still have more than 2/3s of my net worth in Bitcoin, so I’ll be looking for a last ditch effort pump to lower that % even more.
People only panic when they don’t know what’s going on. I’ve been waiting for this for years, so I’m celebrating.
This is exactly what happens. You sold and now you are looking for confirmation in a biased way to spread your narrative. If you held you would think otherwise, this makes you biased. Everyone on X is doing it too they are just more malicious. Depending on whether they opened short or long positions is what their evaluation of the market is..
I’m not looking for anything from anyone. I already have what I wanted. Enough money to last me the rest of my life at a lifestyle significantly higher than I’m living now without ever having to work again. Imagine me caring what random strangers on the internet think… LOL. Everyone here is going to tell people to hold all the way down to $60K. I’m speaking the hard truth. Ignore me if you want, but know that I’m doing it for you, not me. I’m already quite pleased with myself. I have nothing left to gain posting here. These posts are for the love of the game.
Alright, I know who is leading in the mental disorder race of this thread.
I prefer the term, “Batshit crazy.”
There's nothing wrong with shaving profits at various points on the way up, especially for anyone who considers that they got enough or more than enough bitcoin.
Some folks, it is not going to make a lot of difference if bitcoin is $60k versus $120k versus $10k. They are well off in any of those scenarios, and sure as bitcoin holders, they likely prefer higher prices rather than lower prices, but there no urgency in the matter.
On the other hand, if guys are fairly early in their bitcoin accumulation journey, it seems better to just keep accumulating for a whole cycle or two in order to get far enough in their BTC accumulation that they feel as if they have enough or more than enough corn.
I’m not looking for anything from anyone. I already have what I wanted. Enough money to last me the rest of my life at a lifestyle significantly higher than I’m living now without ever having to work again. Imagine me caring what random strangers on the internet think… LOL. Everyone here is going to tell people to hold all the way down to $60K. I’m speaking the hard truth. Ignore me if you want, but know that I’m doing it for you, not me. I’m already quite pleased with myself. I have nothing left to gain posting here. These posts are for the love of the game.
Alright, I know who is leading in the mental disorder race of this thread.
@BitHodlers - I think you're probably starting to get the picture for some of the psychological misfits here. Be aware that some of them will dogpile on you if you don't conform to being their equal in antisocial schizophrenia.
I would think that it helps to keep repeating the same ideas, so that perhaps the uttered behaviors will manifest (at least within perception) into reality.
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