If bitcoin dropped to $50,000, this would fit a curve drawn through the bottom 1% of bitcoin prices over time. By the end of the year, this curve will go through $60,000. So far, the best curve (of reasonable complexity) says price today would be about $111,000. Under 80% of that curve, I buy. Between 80% and 140%, I hodl. Between 140-150% I will take chips off the table and hodl in dollars until we get back down to 80% or under.
(10^-16.62)×(days since 1/3/2009))^5.71
This is a reasonably conservative formula derived from data up to late 2024…data from 2011-2016 yields highly variably curve fits but after mid 2016, but best fit curves for 2011-20xx where xx>16 are all very darn close to each other.
That seems a good strategy and plan. I cannot hold dirty fiat for longer than a day so cant take chips ofd the table.
The bear is far from peak, i hope we dont go too low, but it would be a good stacking opportunity.
I pray for an orderly prolonged bear market for my final push…I came close to selling. I’m not ready to do all the shit rich people have to do like think about taxes and tax planning and buying stuff. I’ve got shit to do at work and I don’t want to be distracted…I want to go from pleb to IDGAF and still have a big stack left over…and so I hodl. I stupidly sold chunks in 2013 and 2017. I’d be independent in dollars and still have generational wealth potential had I not done that.
The market is wrong.
Bitcoin's price is right, but the rest is bubblicious.
You don't get a market boom out of a liquidity crunch. Wile E. Coyote just hasn't looked down yet.