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This whole conversation reminds me of a Ricky Gervais Quote.

Yet the value of BTC was cut in half in 2023. Someone lost a lot of money.

Was that buying stuff or trading in and out of crypto?

there's a good possibility that they use support and resistance for their exit strategy rather than pulling numbers out of their ass.

Do you have an exit plan? If you know your stop and your profit target R/R is easy to figure out.

Might as well nationalize as the government is gauranteeing that banks don't fail.

Didn't you say that you haven't invested in BTC yet. Fear is keeping you out. You are pretty close to what every other investor thinks.

I took the time to check out the publicly traded miners. I couldn't find one that was profitable. Interest rate hikes probably aren't helping.

Another example of taking advantage of the fools looking to get rich. Selling shovels instead of mining gold. 1% spread is pretty good. That's 2% to get in and out.

What are the possibility that mining becomes unprofitable befor that? It is supposedly getting harder to guess the answer to the problem. Hash rate (The number of guesses per second) seems to be increasing.

Sounds like you know what the problem is, and you are the only one who can fix it. My suggestion as usual is to have a written plan that answers the question "what do I do now?" and focus on following the plan.

That's what bothers me. You are relying on miners to keep the system going. At what price does it become unprofitable to mine? No miners; no system! Once the final bitcoin has been mined, how are miners going to be paid? If the fees are high enough to keep the system going, will they be too high...

No, I quoted L&S who was going short KRE.

Where would you place a stop?

Kinda thought so. KRE was more of a panic sell off. Went much lower than the Dec lows. Thur to Mon drop was 25%ish and XLF was 10%ish. Waited to see where it might go. Tight stop just below mondays low. Good thing I didn't play XLF; I would have been stopped out.:)

Ever take any paid online training?

In this case, there would have been a run on the banks. Get your uninsured cash out and somewhere safe. The result would have been a tightening of credit, small business that needs to finance inventory and payroll would have suffered. In the end it's the little guy who gets hurt. What bail out...

Learning from your mistakes and whining about losses are two different animals. :)

No idea who you are talking about.

It's the trickle down effect. If you shut down the rich, who are the poor going to work for?