@Dublinbay12 I appreciate your efforts on your new thread to introduce a neutral discussion on btc as an investment option.
I am however somewhat reluctant to accept your invite to critique and provide feedback on that that thread given its neutral stance. Instead I will offer some feedback here in case such feedback descend into a blood and guts affair - nobody will notice any difference in these pages and your new thread shall remain pristine.
Personally speaking, it comes across like a ground zero moment. A "let's start all over again with the condition that I will dictate the terms of the discussion and should I perceive that anyone has stepped out of those terms then I can call them out as being wrong" moment.
Now I accept my perception may be off the mark, or not agreeable with you, but it is my critique and my feedback as you requested.
As far as investing/speculating etc in bitcoin I will offer you a brief summary of my affairs with bitcoin over the last couple of years, all of which is recorded somewhere in the pages of AAM.
I first bought btc at around $2500 in 2017 purely as a speculative punt. Its price went to $20k. It crashed, and as it did so I bailed out 80% of my holding at around $10k price mark.
I subsequently started to buy btc again at around $3,500 (having given it more consideration other than a speculative asset). Further to that, as part of the taunting rituals in these discussions, I challenged anyone to short bitcoin at around the $10k mark last year, its price subsequently going 'hyperbolic'.
My own modeling for bitcoin price reckoned, last November, that
when it's market price was roughly half that.
You may want to take a look out your window today and check what price it is today?
Of course I am no seer nor proclaim to be, just a small time independent investor who determines his own decisions on his own modeling. For example, I didn't forsee the Musk intervention and the subsequent drive to $60K. The price being way over what my own prediction was I tended to agree that it had overshot itself and I duly cash in some more @ $54k.
The price as you can see has reverted back to around my previously stated position of around $34k.
Now I appreciate you are willing to disperse some nuggets of wisdom that helps with investment decisions and perhaps you may enlighten me to where it is that I am going wrong?
I am however somewhat reluctant to accept your invite to critique and provide feedback on that that thread given its neutral stance. Instead I will offer some feedback here in case such feedback descend into a blood and guts affair - nobody will notice any difference in these pages and your new thread shall remain pristine.
Personally speaking, it comes across like a ground zero moment. A "let's start all over again with the condition that I will dictate the terms of the discussion and should I perceive that anyone has stepped out of those terms then I can call them out as being wrong" moment.
Now I accept my perception may be off the mark, or not agreeable with you, but it is my critique and my feedback as you requested.
As far as investing/speculating etc in bitcoin I will offer you a brief summary of my affairs with bitcoin over the last couple of years, all of which is recorded somewhere in the pages of AAM.
I first bought btc at around $2500 in 2017 purely as a speculative punt. Its price went to $20k. It crashed, and as it did so I bailed out 80% of my holding at around $10k price mark.
I subsequently started to buy btc again at around $3,500 (having given it more consideration other than a speculative asset). Further to that, as part of the taunting rituals in these discussions, I challenged anyone to short bitcoin at around the $10k mark last year, its price subsequently going 'hyperbolic'.
My own modeling for bitcoin price reckoned, last November, that
I value it at $34,500 per coin
when it's market price was roughly half that.
You may want to take a look out your window today and check what price it is today?
Of course I am no seer nor proclaim to be, just a small time independent investor who determines his own decisions on his own modeling. For example, I didn't forsee the Musk intervention and the subsequent drive to $60K. The price being way over what my own prediction was I tended to agree that it had overshot itself and I duly cash in some more @ $54k.
The price as you can see has reverted back to around my previously stated position of around $34k.
Now I appreciate you are willing to disperse some nuggets of wisdom that helps with investment decisions and perhaps you may enlighten me to where it is that I am going wrong?