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Old 13-05-2022, 07:00 AM
Gem Gem is offline
Join Date: Oct 2010
Location: Australia
Posts: 21,264
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Just was going to mention, BTC is headed toward buying territory. My overall thesis is it will keep sliding lower for the rest of this year, but of course that could be wrong. I'm sticking to my theory anyway, right or wrong it might be.

I'm a buy and hold kinda guy, but I did sell some near the top when it looked a bit ridiculous. Hence I have some profit I can put back in now to reduce my initial cost basis. That means what I'm doing is low risk. That is different to a first time buyer who has significant risk of losing their principle. Hence I'm different to you, so don't do what I do. I do me and you do you.

It's just my theory based on the Bitcoin halvening cycle (which could be dead wrong), that buying season will be in the back half of this year, and more toward the end. We can generally tell when it's time when the news starts saying 'Bitcoin is dead'.
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