Posted on 04/23/2021 1:11:18 AM PDT by FRinCanada2
Withholding comment for 30 days to see if I made a good decision to BUY on the way down to see if the bounce back will be sufficient enough to cover the losses
Good Luck to you and your investing.
Due diligence is a personal thing.
I’m happy to withhold further comments here from the opposite POV, which I fully retain.
Perfect let’s regroup in 30 days.
I am selling off slowly when small profit opportunity presents and buying aggressively when prices tank
$$ cost averaging rather than waiting for a big up tick is a good strategy
Since we last discussed BTC I decided to sell off a bit today and not hold out for an even larger profit. What say you?
What say I?
I say good for you to sell any amount, and “a bit” is better than none. Not as good as selling all of it, though.
BTC is way up now because it is more scarce - mining is going down to a trickle, as China closes down more and more operations. I saw vid recently of a confiscated pile of mining machines were steam rolled. Less mining equals higher current prices.
The fundamentals are bleak for BTC. As a fiat crypto, it will trade a bit longer... may rise may fall. However, at some point, it’s not a matter of selling lower, as it will just stop trading altogether. It’s “final” price, the last trade that will ever occur, could be $45k, could be $25k. However, I’ll postulate it will not be trading down to $0... it just will effectively become $0, as the remaining BTC holders just get left “holding the bag”.
BTC is “dirty” money, with unfortunately many good folks, FR’s too, trading and owning it. It was created by the Deep State (CIA) and used for nefarious purposes. By nefarious, I mean child trafficking and drugs. As camoflage, trading is open to good people... many believe in it as the future. It is not. The future is precious-metals based currency... and crypt as well (think XRP... there are many others).
As much as BTC is up currently, silver/gold are down. Given the above, if you accept that, you might come to the conclusion that this is a fantastic time to convert BTC to PMs. Especially silver, as that is artificially held down more than gold. PMs also have an evil component - paper PMs. It’s been used by the deep state as well to manipulate the price. However, paper PMs, like BTC itself, is going bye-bye. Look up Basel Tier 3 assets. Once paper PMs go poof, PMs will significantly rise. See usdebtclock.org prices for a rough idea (only rough, as the dollar as a benchmark is flawed).
Bitcoin poor store of value, could collapse drastically, central bankers warn
I would not trust "central bankers" for a second, but IMHO, this warning is not ACTUALLY from "central bankers". Read between the lines here.
China’s Three Gorges Dam Water Level Hits 23-Year High
3GD is coming down soon. When it does, so does BTC. The stock market will collapse as well... BUT, the market will resurface. BTC will not.
I sold all I was holding on the way up this week.
My “buy back in price” will be anything under $1 for ALGO
You did *really* good! Congrats.
I believe you’ve rode it out, with some significant risk IMHO, quite nimbly.
BTC does not have much life in it. When it tumbles, many will be hurt... hopefully just deep staters. While BTC is owned by many good people, it still is the money of trafficking, drugs and money laundering of the DS Cabal.
I'd probably let all your bitcoin friends know that we are saving the biggest for last. You seen all those Mr Pool shock faces. Wouldn't want to be them when it goes to 0.
Perhaps it’s time to reassess the situation.
In my opinion, BTC is going down now for the count. Along with stocks. Robert David Steele spoke of this time months ago.
Snapshot of trading price at the time of this reply puts BTC at $22,700.
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