At what point do we dump? Serious question. Is that in play. I've been long since the last mega dip and am way out of the loop on the state of crypto over the last three or four months.
ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.
but when i zoom back and filter out the simping, one thing is incredibly obvious to me:
there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
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"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
i'm very angry that everything is going up. i sold everything on november 2nd.
So are we selling at 19k and buying back when it inevitably dumps?
If btc goes above 20k where does the train stop? I have no time to research any of this.
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Seems to have hit resistance point at 16k
It amazes me that from the Covid crash to now it’s up almost 4x (low on Coinbase for the year was 3828.00 and we hit the 4x when it was almost to 16k but has retraced back to just under 15k as I type this. Not gonna lie I wish I’d bought more in March. 400% profit nearly in 7 months is just unheard of unless you’re day trading options.
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I've determined that it's impossible to predict where bitcoin will go, so I don't regret when I fail to hold during a run-up, or hold during a crash.
The only semi-predictable pattern I see is resistance points -- where people sell off when it gets to a round number. But even that can be tough. For example, 11k was long a resistance point this year, so I dumped when it hit 11k, and then it continued rocketing up to 16k. And it turned out that 16k was the resistance point, and now we're back to 15.
Whatever.
The one I thing I do try is not to request BTC cashouts from gambling sites when it's moving up or down, because by the time I get it, it might show up during a crash while I'm sleeping or something, and I'll wake up to bad news. I usually put in a request when it seems to be stable for the moment.
coinbase is basically now a decentralized bitcoin sidechain.
i expect to see a proliferation of similar initiatives. non zero chance they eventually accidentally undermine the central security themes to btc and something ugly happens when the wrong people discover it.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
#FREEJACK #NEVERFORGET
NoFraud Online Poker Room: http://nofraud.pokerfraudalert.com:8087. For password resets and reload requests PM me.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Even those shitty off brand coins we got for free from Druff have went up. I never cashed them out as I just left them in coinbase for next poker deposit. I recall it was like $35 and I think $12 or something for second set. They have went up like 20%, if I’m recalling their original value correctly, when I logged into coinbase.
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