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RE: Bitcoin sneezes and the rest of Crypto catches a cold

in LeoFinance5 years ago

Yes, the point being that it was a buying opportunity all the way up to when it peaked. Meaning every dip turned out to eventually go higher until it hit $20k.

And yes the reason for the optimism is because ultimately I think bitcoin goes to $100k, and I think it happens by the end of next year. Which means, technically, any price under that would make money. ;)

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If bitcoin heads up to $100k, at what point will you start taking profits, and at what point will you bail? - Lets face it, Bitcoin is a dinosaur and eventually it's day will come. If it ever gets its slow fat lazy arse over $50k I'll be taking profits for sure!

It serves a very useful and needed purpose as an uncorrelated store of value. It won't ever really be used for payments, but it doesn't have to.

Regarding your question my plan is to start trimming my position between May-December (if we are at new highs) of next year, hopefully at prices well north of where we are currently. Though I will not sell all, I trade around a core position.

Time spans are the hardest things to predict - even being fully aware of Agenda 2030 could you have picked a year ago how far it could be pushed with one plandemic?

In another year we could be living in a different world again from this current one.

Does Bitcoin help or hinder the agenda? Watching how quickly globalist entities like goldman sachs can flip switch indicate that is a very difficult question!

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Very good points. There are any number of black swans that could change things completely. I mostly just go off of past patterns and tendencies which may or may not repeat. Remember, money is only something you need in case you don't die tomorrow. :)