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HODL yes but let’s not pretend that the chances of a bear market is more probable than not, no one can perfectly predict the future but the chances that we are approaching a bear market should not be ignored with hopium. I thought we were going up in 2018 and 2022 because being bullish is sometimes like putting the blinders on. If we get an extended bull market I won’t be complaining but I am prepared for a 70% drop from peak. Don’t get shaken out because you thought the bull market was going up forever Laura. 🫡

Jake Woodhouse 1mo ago 💬 2

Brilliant counter point. And yes, hopium is one hell of a drug

50% off peak would be 63k usd

Totally feasible, some point end of next year as always roughly when I saw that happening

Trying to remain balanced is always the tough call

A tightrope

Hence I always like to have a strategy in mind

For me, in 2022, I set a price target of 150k aud, and timeline of August 2025

I re-allocated a portion into a property purchase in Oct this year, so did “take some profits”

I needed a family home

Which is one of the few things I believe selling Bitcoin for is actually a good trade

My personal opinion of course

Which means from here on it’s a free hit

I’d love a q2 craze “blow off top” style moment

But equally, and to your point, I am well positioned for a grind back down

Time will tell!

Really appreciate you sharing your thoughts. Just the kind of thing that brings me value, and does help with decision making

Really looking forward to Nostr users building out a financially literate community focused on the financial markets

🙏🏻

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Discussion

2Pac 1mo ago

Yea it’s about looking at it objectively I was expecting some sort of blow off top to signal the end of the bull which we didn’t get. But the market is looking weak right now which makes me think the bears will push price down and the 4 year cycle is intact.

Nowclipps 1mo ago

You’re a pedophile