Buy the dip
financial advice:
The fair market value of Bitcoin is $25k. We are still floating over x2 the baseline. Remember this.
That being said,this current dip is not justified. A bunch of options expiring on top of a new variant of a cold virus is no reason to panic dump 10%.
A much bigger reason to dump is the FEDs attempt to tighten their policy, but even then the money that flows during the holidays should be enough to carry us sideways.
The pattern of 18 months between macro bull cycles is still in play. Hopefully we can get 5 more months of sideways action. This is the best outcome for micro caps and thing like hive.
I'm always on the lookout for the mega bubble. That's where btc is trading x10 the curve. Major alarm bells ring if btc is trading at $250k eoy. If the peak is in summer that jumps up to $370k.
Again, crypto does not have bear markets without a mega bubble. No mega bubble? No bear market. No matter what crypto twitter says, a 2 month consolidation is not a bear market.
I say buy the dip, but it's still a good time to take gains depending on individual situations. Buy the dip if you have a ton of usd, but sell it if you were overextended to begin with. Learn to take losses and stay balanced.
Or you could just be like me and not have a care in the world when price moves. I'm so far into the green with a decent income that I have the privilege of speculating wildly while not actually having to bet on the outcome.
conclusion
Still writing posts on my phone. I would have sold some hive at $3.40 but alas of course im on vacation and i don't like to expose my active key when floating around like this. Oh well. No complaints here. Number go up.
With this recent increase in hive I'm becoming much more loyal to the network. Easy to do when a couple blog posts can pay and entire month of expenses. Everything else says powered up or hedged in another network.
It's crazy to see how much success I've had only to see others struggling even though they've been around just as long. I really need to shift mindsets away from myself and help others rise up like i have. We'll see if i can pull it together
Also i would have upgraded the @hextech witness to a full node if i had access to my active key right now. Pretty annoyed about that but whatever. I'll figure it out.
I'm working on that "rise up" part myself by being more active and building my stake. I'd love to be able to pay for monthly expenses doing what I love which is blogging. This recent price increase has brought back users long gone, and hopefully attracted even more new members to our tribe.
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This ^^^ made my day
Couldn’t agree more. With the current state of things the drop today seems over the top.
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No, the fair market value is exactly what the price charts says right now. Just my 2c.
Thanks for the perspective. I'm way in the green with BTC and CRO. I've been wavering on cashing some out to buy some things around the house that need repair. We have been cooking in the dark, for example.
I think, perhaps, the important thing to remember, at least for me, is that the same discipline that got me here will serve me towards future wins. Also, what I need to spend is such a small portion of the overall total. A good pump would erase it.
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Hard to sell before double airdrop inc
so good :) I will help as well
We sell from 5$, 10$ and so on if it continues to climb. With a similar pattern, we buy it back down, this is theory I'm hoping to follow, so if I can't spot a 5$ yet, I'm not selling.
Well this is pretty easy to say considering that the market could dump and I'm still pretty much balanced due to some flipping I do on Hive markets...
I am grateful for the advice and I guess it will pick up by tomorrow m
depending on which point in time you draw the 18 months, halving would be 18 months soon.
And there my red alert is more and more "idiots" join the space that even doesn't understand the basic concept of blockchain.
That's something I look at. And other youtube finance stockmarket investors that play !!!NOW!!! the altcoin game. After everything pumps.
Some bigger ones talking about " smart contracts on Shiba INU". WTF that's so retarded...
For me, I have reduced holdings to a level I would not feel the pain if we drop massive and have funds to buy back in.
I think a healthy balance is important to avoid a painful trap.
BTW, I'm happy you enjoy your vacation. Have a good time! GM!!!
Gm
Sorry, but: WHAT? Why would you need an active key to upgrade a witness server to a full node? (Which is in itself a statement that makes no sense)
Heh
Because hardware and bandwidth cost money
So you are going to expose your witness ip by running an API node on the same server? really?
Always BTFD !
Thank you for this great financial advice
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So you expect some sideways action. Do you think 100k BTC at some point before the year end possible or do you think it's unlikely? I feel like BTC should still have some room to move up and there may just be too much money on the line for BTC before the end of the year.
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All I know is that I'm holding 100% until January.
Anything could happen till then.
Finally someone said it. I'm annoyed by these fake gurus calling for bear markets. These guys don't deserve a follower.
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You're lucky... But it's not undeserved
I was thinking the same thing with regard to how long I've been here, (4.5 years) and almost nothing to show for it comparatively. My account is a hard build but you're inspiring. Im pretty pissed at some of the million hp accounts that add no value to the community and just rape the rewards. We all need to aspire to be you my friend.
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!PIZZA
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How do you come up with the fair market value of BTC?
What is the 25k based of?
Thanks!
And great read :)
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BTFD! The risk/reward scenario for BTC is literally 4 to 1 at worst. Downside 25K (worst case) upside 250K or more. I'm buying 53K and 44K if we see it.
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Hm yeah even if it crashed all the way to $25k only takes a year to fully recover.