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<p>[QUOTE="Lesbian Cow, post: 3105402, member: 74735"]Hi Kurt V!</p><p><br /></p><p>I hope all is well.</p><p><br /></p><p>Your investment horizon must be very short to be so concerned with the weekly/monthly moves of crypto. I have a longer investment horizon, not just in crypto, but across my investments. I try not to get emotional about an asset, whether i think the asset will succeed or fail i try to remain objective so i don't miss opportunities because a misheld personal belief causes me to ignore or dismiss something new.</p><p><br /></p><p>I have positioned myself best for a repeat of the 2014-2016 bear market. If you don't recall, we peaked at just over 1000 usd per bitcoin in December 2013 and then had a long grind down to around 200 over the next 18 months or so, followed by the spectacular rally from the breakout of 440 usd in 2016-17 to a high of over 19,100 usd in December 2018. In 2013 I sold the bulk of my btc on the way down, with an average price in the mid 600s and bought back at an average of 420 usd over the next year or two. This go I sold on the rip (way up) with the bulk of my sales being in November/December 2017 at an average of 12100. Thus far I have bought back 37% of the bitcoin i sold at 12,100 and intend to purchase the rest back on further weakness. We could very well be headed below 2000.</p><p><br /></p><p>That said, i never sell all my btc because this could be like the first bubble of 2013, remember the one where btc wen from 20 usd to over 200 in march/april of 2013 only to crash to near 50 in a week. That year was the double bubble year, with the bubble to 1000 following shortly.</p><p><br /></p><p>Zoom out, you are really missing the big picture: [ATTACH=full]786721[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Lesbian Cow, post: 3105402, member: 74735"]Hi Kurt V! I hope all is well. Your investment horizon must be very short to be so concerned with the weekly/monthly moves of crypto. I have a longer investment horizon, not just in crypto, but across my investments. I try not to get emotional about an asset, whether i think the asset will succeed or fail i try to remain objective so i don't miss opportunities because a misheld personal belief causes me to ignore or dismiss something new. I have positioned myself best for a repeat of the 2014-2016 bear market. If you don't recall, we peaked at just over 1000 usd per bitcoin in December 2013 and then had a long grind down to around 200 over the next 18 months or so, followed by the spectacular rally from the breakout of 440 usd in 2016-17 to a high of over 19,100 usd in December 2018. In 2013 I sold the bulk of my btc on the way down, with an average price in the mid 600s and bought back at an average of 420 usd over the next year or two. This go I sold on the rip (way up) with the bulk of my sales being in November/December 2017 at an average of 12100. Thus far I have bought back 37% of the bitcoin i sold at 12,100 and intend to purchase the rest back on further weakness. We could very well be headed below 2000. That said, i never sell all my btc because this could be like the first bubble of 2013, remember the one where btc wen from 20 usd to over 200 in march/april of 2013 only to crash to near 50 in a week. That year was the double bubble year, with the bubble to 1000 following shortly. Zoom out, you are really missing the big picture: [ATTACH=full]786721[/ATTACH][/QUOTE]
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