Catching a falling knife with bad hand-eye coordination
By: Horselover Fat
Tags: Crypto, Cryptocurrency, Cryptocurrency Investment, Fud, Bitcoin

Want to know when I bought my first bitcoin?

After Christmas. I bought the smallest fraction of a BTC in the first week of January 2018. Just a little. A little taste. Because what if the price of bitcoin was never that low ever again. Right?

Yeah, I bought at around $USD17k.

Currently on TradingView I’ve got an alert set up for when it drops below $USD7k. It’s one of the free features. My investment has yet to be successful. But I’m not bitter. No, I’m doubling down. When the price goes below $7k I will buy again. It’s my own personal knife catching trading strategy, and I’m pretty sure it’s going to end with the pointy end stabbing me to death. This is my fault, not bitcoin’s.

I’m pretty sure bitcoin and I have been in an abusive relationship these past five months. It keeps hurting me and yet I see so much potential in it. “It will change, it is trying so hard” I tell myself as I watch the alternating red and green candles zooming up and down like the guiltiest person alive taking a lie detector test. And it is true that the price improves the most only right after it has reached its lowest (this year at least. We weren’t seeing each other pre-2018, but I hear they were grim times… rumours of an ill-fated Japanese hiking trip way back in 2014). Each month, every dip produces its own silver lining: another exchange implementing Segwit, more nodes adopting the Lightning Network, more ICO scams under greater scrutiny — they all suggest that every price drop was really good for us all. It’s as if my partner took a dump on my face then returned apologetically with a bunch of flowers — and yes, that shit all over my face will make great fertilizer for those flowers.

And the news! All these blogs! So many meaningless articles fueling rampant speculation every day. So much garbage to read through. Every man and his dog is writing about cryptocurrencies now. Even me! Like, seriously, wtf? Who the fuck am I even?

Well, I guess I should tell you… I’m not a legitimate news source. I’m not the calm of the storm. I’m not even someone to turn to when you don’t know what the fuck is going on anymore.

I’m the one who’s here to tell you that it’s okay to be simultaneously terrified that you’ve made a terrible mistake for investing AND that you’re missing out on the greatest opportunity of our generation. I’m the fucking zeitgeist. Or, something. Okay, maybe that’s an over-sell. I don’t know… I’m the uncertainty and the excitement that is within us all… or at least that is within me… In 10 years the world is going to be a different place and we’ve got to be prepared and a little bit paranoid.

Last year, in my fairly humble opinion, the distinction between reality and science-fiction ended. It had been blurring for ages. Ever since robots (I guess?). But now that bitcoin is a household word, it’s all over. And this is fine. We will get through this. Maybe.

In the meantime, I’m going to listen out for that TradingView alarm to sound $USD7k. I kind of hope it does and I kind of hope it doesn’t.

Please leave a comment below. I’d like to hear your two cents. Also, clap or whatever if you liked this. And click follow if you want to join me in my journey into the crypto darkness.

Bring on the trolls.

Also, nice people.

Cheers,

Horselover Fat.