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I've been on the same gearing since the weather shifted here in my area of the woods (Greater Vancouver Regional District) Canada. Be it more hilly riding in the city, l can still feel the benefits of spinning a lighter gear ratio 45/19 in the cold and wind mostly brakeless. It allows me to warm up quickly and not stress about riding up hills and back down being able to govern my speed in the wet. I will go back to around 67 gi as soon as it starts to heat up.
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That means Ive been able to take vacations and turn my profits into cash that's currently sitting in the bank. Maybe I could have made more holding and not touching it but having turned 50 this year, I've been able to go to Japan,Jamaica and most recently Hawaii without tapping into my savings. Does the comfort of not taking a hit with a crypto crash while away from the charts count for something? I slept better without skin in the game... Or am I doing it wrong? Check my Official Free world thread to verify my claim. I've even left out my trips to the Dominican and the Azores...
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The more fluctuation within price range only benefits exchanges that wipe out traders who are in over their heads with leverage... At some point the hype will end along with all the retail interest after they have been shaken out. It might not reach 60k soon but at some point you can bet that the prices will fall to create a bearish divergence. That's when to buy back in after it reaches oversold levels. I'm in no rush
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Just trolling I'm gonna wait for 60k or the price starts to go flat(bear market) and when it retraces back to all time highs sell like the last couple cycles... I've been playing this game since 2019 when BTC was at 30k. Admittedly I've never caught the bottom or sold the top but I'm no professional trader... I just buy/sell on spot
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Serious question. Who has bought BTC above 100k and plans to hold it through the bear market? All I'm seeing is short sellers getting wrecked with quick wicks and long traders doing the same without any significant price movement... Seems like all the money has gone to the exchanges/companies that make money on the transactions for futures trading (ETF's).
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Crypto is rigged to lure people in search of a quick buck... They buy the top and when it sells off and everyone is running for the doors exchanges crash... Or on the flipside when you try to buy the crash exchanges have problems processing the order. I remember the last bull run a few times it has happened. Now I buy when things go silent and front run the panic selling when BTC goes into price discovery. Everytime it hits new all time highs just moves the proverbial goal line
Disclaimer: got a full bag of tether for the capitulation
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I don't mind donating directly to people who really need the money like food banks and thrift shops that support victims of domestic violence... The majority of our taxes go to bullshit government spending and politician pensions. Fuck that
https://youtu.be/WafCg_KQKYU?si=lJ8KOPlnUSyxwdGh
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Well, well, well. Who actually bought Bitcoin over 100k? I'm all for crypto but understand the power of hype/hope... The game is rigged if you haven't already figured it out. Not convinced it's going much further so I'm waiting patiently with a bag full of tether to deploy once the heart beat stops. Bitcoin dies many deaths and like the Phoenix rises from the ashes when all hope/hype is lost. We need to see fear in the market place before real Og's get back in. Let the newbs experience what real loss feels like and come back next cycle. Lots of bro's never recover
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I'm not that brave to short the Bull run... I will stick to the plan of buying on the way down and selling all time highs. Working out for me so far... Just waiting on the wife to get her dual citizenship for Portugal and that is how I plan to avoid the ridiculous capital gains tax in my country.. Fuck Trudeau
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This makes sense. I strongly agree with running as big of a chain ring matched up with the corresponding rear cog to achieve the desired gear ratio to prolong the life and increase the efficiency of your drive train. It only becomes an issue with a low bottom bracket on conversions but you should be good