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Possible low price before November 18: ?? maybe US$5k?
Possible high price before November 18: maybe US$7k? maybe US$8k??
Possible high price after November 18: will it definitely go up to at least US$7k?
Possible high price after November 18: is there a chance it could stay down? Could it go as low as US$4k??
Possible low price before November 18: ?? maybe US$5k?Those are just guesses -
Possible high price before November 18: maybe US$7k? maybe US$8k??
Possible high price after November 18: will it definitely go up to at least US$7k?
Possible low price after November 18: is there a chance it could stay down? Could it go as low as US$4k??
Photo taken with the regular iPhone camera
Photo taken with the 'Cortex Camera' app (unedited)
Guess CAD$3.5k is enough to buy 2 gold bars (1 ounce)
Or diamonds
Or a stay at an all-inclusive 5-star Caribbean resort in the middle of winter
Guess it's also enough to dress like a rap star or a Kardashian?
My price points were supposed to be valuations of bitcoin, like the ones have seen all the analysts do for the stocks have been buying. So when coming up with a particular price of something like US$5.5k for bitcoin, am really supposed to be saying something like, "It seems like the 16.6 mil of bitcoin should have about a US$92 bil worth to the world (market cap), because of the unique features that bitcoin offers as the world's longest existing international currency and longest existing e-currency - with its limited supply, and increasing awareness the world over of it's potential usage for international transfers and as a store of value?"
Instead, the past couple of weeks it seems like most of my comments wound up sounding something like, "May sell after the first 'good' fork, because it looks like the price may drop before the second 'scary' fork"?
Guess in the future, maybe it might be better to try and focus more on the factors moving the price, just to see how much/little am understanding about what's happening? Like guess with the Segwit2X fork, are developers trying to address the one feature of bitcoin that critics feel stands in the way of allowing it to be useful for day-to-day transfers - the slowness of transactions? While many maybe believe it's got enough value as it is, as first-mover? Additionally, it seems like there's a lot of confusion and uncertainty over what may happen because of the way the fork has been set up this time around - so maybe some people may be wanting to wait until after the fork to see how things turn out?
Someone in the bitcoin thread said they were going to keep close watch on how support for/against the fork changes as it comes closer - maybe as more info comes out, people may have more of an idea of what may be in store over the next little while?
And then, in the past have done some selling out of fear - so guess there's always a chance that may have played a part in my decision to sell this time around as well?
A couple of things that were different this time around though, was that before was buying high and selling low, and wound up losing money. While this time around, managed to buy low and sell high, and actually made some - so that was new
The second thing that was different this time was my use of price points and a plan - had US$6k as the 'sell' target, and once the fork that seemed to be causing the price to rise was over, it seemed like maybe a good time to stick with the plan? Actually had the chance to sell my GBTC bitcoin short at my target price for it, which would have made me a 20% profit - but then got greedy about wanting to try to make more and wound up ditching the plan, only to have the price take a turn soon after. Then, even after my profit had disappeared, instead of selling got sticky hoping for a turnaround, and ultimately wound up losing money - when it would have been possible to have wound up with a nice profit if had just stuck with the plan.
Guess one thing that's different with a short and a long, is that with a short there's a chance the price may never recover, while with a long it's likely the price will go back up in the long-term even if it does go down for a bit in the short-term?
Oh well - guess if the B2X fork gets contentious before it gets better, maybe there'll be a chance to buy more bitcoin somewhere around US$5.2k? If not, may have to pay US$7k my next time around - although hopefully that'll mean the price of bitcoin will be headed for US$8k!
Originally Posted by TrustySam;
Guess this speech was meant to be inspirational, but in watching it, kind of realized that maybe am not so fond of change, and trying new things? Although hearing that he'd climbed up Mt. Kilamunjaro sounded so cool.