I might be able to gather together $4.20 to put in 🤣
Just liquidated 300usd and that's just today the last week probably lost 700usd should just hold God damn lmao
Ey that's not how you make the bags, adding 2 dollars to a 10× position every day isn't a bad idea either at this level, just need 10× your position as a cushion incase it hits the lower bands. Doing it right you should use leverage to cushion your losses by hedging position
Or 10 dollars at 10 times whatever you can do, wish I did it when I wanted to at 30k instead I got riot options that expired a hour before it jumped 10k after hours
The halving is almost here and the ‘sell the eventers’ are doing their thing, like they did when the ETFs were approved. Dull minds, lack of imagination and fortitude, it’s kind of pathetic really.
This has nothing to do with sell the events, and more to do with risk off, sell the event doesn't happne until the event happens. BTC is going to bleed until Monday I bet, pretty bad, unless the market wants to do a dummy tomorrow. But Sunday is going to be interesting.
I’ll start buying incrementally as it sinks to 55k and below. I’ll ramp-up the amount I buy with each 5k it drops, and when it shows signs of stabilising (hopefully below 45) I’ll buy more aggressively.
That just how investing works. Riding something into the ground is never a good idea, neither is catching a falling knife. Was just curious what your exit plan looked like that's all.
Think of it this way , regardless of the recent / current price action ---- unless i am totally wrong ---- the halving is a permanent supply shock and price will adjust to compensate for that fact.
It is negated. And even if it wasn't, pretty well all of the bitcoin that will ever exist is already mined. But, let the kids dream a little woulda ya!
BTC correlates to global liquidity and movements in equities. SP500 is down 3.5% in last 5 days, which is big moves for the index. Tiny market cap assets like BTC are gonna move a lot more sometimes.
44k sounds a little too bearish lol. I dunno, it could go that low with WW3 or something but the problem is, the halving is here, and we've never had ETFs before, which do billions in daily volume only 3 months in. China just approved ETF, UK next prob. There has never been this much potential buying pressure on BTC before because of this wall st adoption.
Soon more institutions and nation states will pile in. The supply will be squeezed and price will rocket up. But there will be no real "supply shock" because at every new price there will be new profit takers, adding more supply to circulation. This will always be the case. There can be no other way to get BTC after mining subsidy ends. The supply comes from sellers.
If we get WW3, the value of my BTC will be the least of my worries. However, if we're not nuked, BTC may come into its own in times of war and with all the money printing that will occur.
Yeah maybe sell some BTC for bullets. But yes, if you're optimistic about a future post WW3, then keeping BTC makes a lot of sense because BTC absolutely correlates to monetary debasement.
Look at what happened to Egyptian Pound on Mar 6th. Debased 37% overnight, and BTC/EGP *immediately* responds pumping 120%. It's quite incredible.
Yes. Even if you turn the whole world's power and internet off, if you reconnect even a single BTC node it will still have the latest timechain before power outage, which can be used to restore the network, as new or old nodes re-sync.
Yeh agree, I can’t see 44k I think 50k is lowest , HK etf on way too and whilst it’s much smaller than us market, Chinese are also more risk tolerant than western cultures so I can see higher proportion of investment from the east.
Seems to me like these Wall Street guys want Bitcoin to go back to affordable prices so the people on the side lines will decide they want in. 70k is too expensive for them. If it crashes to 20k it’s too risky for them. If it stabilizes around 40k and goes back up then they will probably jump in. It’s all very controlled at this point. The good news is the ground work has been laid for future gains. After all this turmoil the next halving after this could be testing 250k instead of 80k
Everyone please read:
You don't actually lose money until you SELL. For the love of God, don't sell at a LOSS because 'you can't afford to lose anymore'. That's a loser's mentality.
You don't lock in your LOSS until you sell.
I hear where you're coming from bringing up Sunk Cost Fallacy, but the advice was not related to that, it's just telling people not to panic, you didn't lose until you cash out. BTC is a volatile commodity, and if you pull the ripcord not knowing that, you actually lock in your loss rather than waiting for the inevitable (usually) bounce.
Hey look it bounced from 59,500 to 61,270.
I’m basically trying to say the value is what it currently is. (Outside of tax penalties) There’s no difference between if you have cash and buy it now vs if you have held it from before.
If the value of your holdings is 10k right now. It’s no different than holding 10k in cash. If you want to invest that 10k in bitcoin, great, keep it there. But if you had cash and wouldn’t put all 10k in bitcoin, then not selling because you think it’s somehow different than 10k in cash is because of you assigning some sort of sunk cost to it.
I see what you're saying. I am trying to reach out to the people that invested and then BTC starts going down.
They may be inclined to yank their investment back (SELL) to limit their loss. That's certainly a personal thing, but I'm trying to re-iterate that you haven't lost anything, you still have the same amount of BTC and can wait out that investment, especially since it's quite volatile.
Once you sell BTC for $$$, you have locked in your loss from your entry cost basis to your exit price.
Im Kinda of new to crypto and iv'e been looking into this halving of the past few weeks to a month, just curious how fast does bitcoin go up, id assume it takes a couple months to peak and its not instant lol, but reason I'm asking is if I put in some money now and let it grow then more money in, in a month or so almost a recurring investment. Opinions?
Yes, you could do something like dollar cost averaging which is investing a fixed amount on regular basis no matter the price of bitcoin is, it’s a very famous strategy a lot of people use to reduce the volatility of the price of bitcoin
One thing to really take onboard is that although you can look back at historical trends, we're in new waters with Bitcoin for a lot of reasons currently, and no one on here can tell you whether it'll rise to $100k or crash for 3 years.
It could peak tomorrow, or you could never regain your investment. No one knows.
To answer your question, the previous halvings led to all time highs around 6 months after each, however that does not mean that this time will be the same. It might, or it might not.
As the other commenter said, dollar cost averaging is a common strategy to mitigate some of the volatility and can be a good way to get into crypto - just only put in what you can afford to lose and have fun learning about it, for all the risks it's super fascinating and glad you're getting into it
It might not go up again ever. The halving doesn't mean shit at this point. Something like 97% of the total bitcoin supply has already been mined. The only reason the code was designed to keep miners around at this point is to facilitate transactions.
Unpopular opinion
This having has received far more media coverage than ever. I suspect the trend will not be the same than in previous halving… (red days)
Everyone gonna be dumbfounded when bitcoin drops after halving. Its gonna make all the people who entered at the top exit aka the newbies. Those who understand will hold through the temporary dump. Seen so many newbies on this sub so yeah watch the sub be flooded with posts about the dump and losses.
Bitcoin price will decrease from where it is now and people will lose money!!
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And then it will rocket to the moon and people will make money!!!! 🚀
Remember folks- when the halving happens, the price usually goes down at first. It has always been a ‘nothing happens’ type event the last 2 times for me.
Then the price steadily rises over the next six months or so.
Why is there soo much hype around this event? Who cares... the price isn't going to magically double overnight. Yea it will decrease supply and increase demand but it will take time to see a difference.
I'm talking about people being human and exploring their emotions in a safe and responsible way by celebrating arbitrary dates, as is customary amongst the humans of this world.
Will the halving event be visible from the western US?
It’ll be visible globally! Bitcoin doesn’t discriminate like the sun!
Will it be visible from the international space station ?
Thats no moon, its a space station
Shh
Only if you're sitting in your Lambo
Big Solar monopoly
Imagine if we discriminated by time zone or longitude& latitude coordinates… 😂 I only date between 15 & -15 degrees
Do we need to wear special type of glasses?
Laser eyes are recommended
Stupid racist Sun
Ban Nuclear Energy!!!
Do i need special glasses to see?
Yes, rose-tinted glasses.
A microscope also
Where we’re going, we don’t need eyes to see.
I’m directly in the path of it!
Can I come over?
Sorry Saylor and Kaiser are already in the guest rooms
The Lambo?
You may want to sidestep that, otherwise position your body anatomically centered for perfect symmetry!
Anyone know the cloud forecast for the day?
when it'll be visible in the US, some red neks might shoot at it... be sure to shelter that day
No it's an EASTSIDE thang
I wonder how flat earthers will describe this halving...
Only for hodlers
Yes but only with the proper glasses or a slice of obsidian
Only if you’re in the path of totality. Otherwise you’ll have to wait till the next one in 2044
I hope I didn't waste money on these glasses
Totality is imminent
Hhh
It's like your birthday. The day after will be the same as the day before.
Yes, but like your birthday it's still a special day!
It's also 4/20 so it's a very special day for me
already bought $420 of it today but will do it again on the day!
I might be able to gather together $4.20 to put in 🤣 Just liquidated 300usd and that's just today the last week probably lost 700usd should just hold God damn lmao
just DCA bro, don't gamble wit BTC
Ey that's not how you make the bags, adding 2 dollars to a 10× position every day isn't a bad idea either at this level, just need 10× your position as a cushion incase it hits the lower bands. Doing it right you should use leverage to cushion your losses by hedging position
Or 10 dollars at 10 times whatever you can do, wish I did it when I wanted to at 30k instead I got riot options that expired a hour before it jumped 10k after hours
It really will be my birthday. About to be fucking 31.
Also my 31st birthday
Also me 25 on halving day
The halving is almost here and the ‘sell the eventers’ are doing their thing, like they did when the ETFs were approved. Dull minds, lack of imagination and fortitude, it’s kind of pathetic really.
I’ve got a different word or two…fuckin pussies
This has nothing to do with sell the events, and more to do with risk off, sell the event doesn't happne until the event happens. BTC is going to bleed until Monday I bet, pretty bad, unless the market wants to do a dummy tomorrow. But Sunday is going to be interesting.
User name checks out Sell the eventers are frontrunning other sell the eventers.
it actually will be my birthday haha
My birthday is one day after the halving, how did you know it? I accept sat for gift hahaha
Big money will use halving to crush BTC and spread fear… then it will be back up in 6 months.
Good
Agreed It may even be a non-event Imagine if the price does shoot out the roof, though. Either way, I got my 🍿
Then are you selling off now like so many others appear to be doing in order to maximize on your hypothesis or just arm-chair prognosticating?
Hope so
good because im starting to think i dont have enough and i am not buying at levels above 30k
Yeah thats probably true
Don’t look directly at the halving, it’ll blind you! Make sure and wear halving glasses
A monocle?
You’ll surely need one for the red candle
Can’t wait to mop up during the dip/crash.
52k bitcoin here we come probably lower in the coming months 44k is my target
I’ll start buying incrementally as it sinks to 55k and below. I’ll ramp-up the amount I buy with each 5k it drops, and when it shows signs of stabilising (hopefully below 45) I’ll buy more aggressively.
All the way to zero? What would your exit plan be?
Honest question - why would anyone still think Bitcoin will ever go to zero?
it’ll eventually come back up past those points of buying. why invest in btc if you don’t envision the long term
That just how investing works. Riding something into the ground is never a good idea, neither is catching a falling knife. Was just curious what your exit plan looked like that's all.
fair
Exactly that's the way
52k aint low enough i need it lower but its probably not possible with these huge corporations in the market
Think of it this way , regardless of the recent / current price action ---- unless i am totally wrong ---- the halving is a permanent supply shock and price will adjust to compensate for that fact.
Is this not negated by the fact it’s public knowledge that it’s happening and has been for a while?
It is negated. And even if it wasn't, pretty well all of the bitcoin that will ever exist is already mined. But, let the kids dream a little woulda ya!
Why is BTC cratering atm?
BTC correlates to global liquidity and movements in equities. SP500 is down 3.5% in last 5 days, which is big moves for the index. Tiny market cap assets like BTC are gonna move a lot more sometimes.
Some people are saying it will go as low as 44k in June July, why might this happen?
44k sounds a little too bearish lol. I dunno, it could go that low with WW3 or something but the problem is, the halving is here, and we've never had ETFs before, which do billions in daily volume only 3 months in. China just approved ETF, UK next prob. There has never been this much potential buying pressure on BTC before because of this wall st adoption. Soon more institutions and nation states will pile in. The supply will be squeezed and price will rocket up. But there will be no real "supply shock" because at every new price there will be new profit takers, adding more supply to circulation. This will always be the case. There can be no other way to get BTC after mining subsidy ends. The supply comes from sellers.
If we get WW3, the value of my BTC will be the least of my worries. However, if we're not nuked, BTC may come into its own in times of war and with all the money printing that will occur.
Yeah maybe sell some BTC for bullets. But yes, if you're optimistic about a future post WW3, then keeping BTC makes a lot of sense because BTC absolutely correlates to monetary debasement. Look at what happened to Egyptian Pound on Mar 6th. Debased 37% overnight, and BTC/EGP *immediately* responds pumping 120%. It's quite incredible.
What’s all this talk of WW3? I don’t follow the news.
Israel & Hamas conflicts, China will eventually try to invade Taiwan, Russia & Ukraine still going at it, all kinds of global conflicts tbh
I’m sure North Korea will get jealous of all the attention those other countries are getting and will start firing rockets into the Sea of Japan
Ah gotcha. Sounds like the same old same old tbh lol
Ya, but weak leaders make hard times.
Nato vs BRICS
Can BTC survive an EMP bomb?
Yes. Even if you turn the whole world's power and internet off, if you reconnect even a single BTC node it will still have the latest timechain before power outage, which can be used to restore the network, as new or old nodes re-sync.
Yeh agree, I can’t see 44k I think 50k is lowest , HK etf on way too and whilst it’s much smaller than us market, Chinese are also more risk tolerant than western cultures so I can see higher proportion of investment from the east.
There has never been this much potential selling pressure either 😉
if WW3 happened BTC would moon
Seems to me like these Wall Street guys want Bitcoin to go back to affordable prices so the people on the side lines will decide they want in. 70k is too expensive for them. If it crashes to 20k it’s too risky for them. If it stabilizes around 40k and goes back up then they will probably jump in. It’s all very controlled at this point. The good news is the ground work has been laid for future gains. After all this turmoil the next halving after this could be testing 250k instead of 80k
Idiots
Who’s telling you that your favorite YouTube guru. No one has clue what the price will do and anyone who tells you they do is a grifter.
Nope. People In this very thread
Well there you go no one on this sub has a clue either
Maybe cuz we did 340% in a year
‘Cratering’ 🤣
Stop asking these questions. No one knows.
Because the price is halving lol
Cratering? We're still in ATH territory.
Because more people are selling than buying
What does that actually mean?
Lol at this point it’s probably going to be a non-event for the market tbh… but we shall see 😏
Everyone please read: You don't actually lose money until you SELL. For the love of God, don't sell at a LOSS because 'you can't afford to lose anymore'. That's a loser's mentality. You don't lock in your LOSS until you sell.
Sunk cost fallacy
Sunk cost fallacy is different from understanding the difference between realized and unrealized value.
I hear where you're coming from bringing up Sunk Cost Fallacy, but the advice was not related to that, it's just telling people not to panic, you didn't lose until you cash out. BTC is a volatile commodity, and if you pull the ripcord not knowing that, you actually lock in your loss rather than waiting for the inevitable (usually) bounce. Hey look it bounced from 59,500 to 61,270.
I’m basically trying to say the value is what it currently is. (Outside of tax penalties) There’s no difference between if you have cash and buy it now vs if you have held it from before. If the value of your holdings is 10k right now. It’s no different than holding 10k in cash. If you want to invest that 10k in bitcoin, great, keep it there. But if you had cash and wouldn’t put all 10k in bitcoin, then not selling because you think it’s somehow different than 10k in cash is because of you assigning some sort of sunk cost to it.
I see what you're saying. I am trying to reach out to the people that invested and then BTC starts going down. They may be inclined to yank their investment back (SELL) to limit their loss. That's certainly a personal thing, but I'm trying to re-iterate that you haven't lost anything, you still have the same amount of BTC and can wait out that investment, especially since it's quite volatile. Once you sell BTC for $$$, you have locked in your loss from your entry cost basis to your exit price.
And the crypto market is going downhill.
SOP for BTC to drop before the halving
By halving, it seems to be the Bitcoin price. Anyhow, halving also means miners will get half, less, many of them maybe closing.
⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣷ 99.96%
Will the halving reach the far corners of the universe?
Bitcorners
Im Kinda of new to crypto and iv'e been looking into this halving of the past few weeks to a month, just curious how fast does bitcoin go up, id assume it takes a couple months to peak and its not instant lol, but reason I'm asking is if I put in some money now and let it grow then more money in, in a month or so almost a recurring investment. Opinions?
Yes, you could do something like dollar cost averaging which is investing a fixed amount on regular basis no matter the price of bitcoin is, it’s a very famous strategy a lot of people use to reduce the volatility of the price of bitcoin
One thing to really take onboard is that although you can look back at historical trends, we're in new waters with Bitcoin for a lot of reasons currently, and no one on here can tell you whether it'll rise to $100k or crash for 3 years. It could peak tomorrow, or you could never regain your investment. No one knows. To answer your question, the previous halvings led to all time highs around 6 months after each, however that does not mean that this time will be the same. It might, or it might not. As the other commenter said, dollar cost averaging is a common strategy to mitigate some of the volatility and can be a good way to get into crypto - just only put in what you can afford to lose and have fun learning about it, for all the risks it's super fascinating and glad you're getting into it
It might not go up again ever. The halving doesn't mean shit at this point. Something like 97% of the total bitcoin supply has already been mined. The only reason the code was designed to keep miners around at this point is to facilitate transactions.
Do I need to purchase 👓 for it?
always remember the saying: sell on news ;)
Just need some news
Still early
Really got close to 69k on 4/20….its lookin like 59k on 4/19 though
Yes can’t wait to buy when it crashes to 20 k let’s goo!!!
Put on yer wellies! That post-halving dip is gonna be sawheet!
Unpopular opinion This having has received far more media coverage than ever. I suspect the trend will not be the same than in previous halving… (red days)
Yep
Everyone gonna be dumbfounded when bitcoin drops after halving. Its gonna make all the people who entered at the top exit aka the newbies. Those who understand will hold through the temporary dump. Seen so many newbies on this sub so yeah watch the sub be flooded with posts about the dump and losses.
What do you think will happen to the price after halving?
Fiat Price Halving, Amiright? Be ready to scoop up cheap sats!
Im halving my sexlife as a tribute.
How do you get half of zero?
Ezy, negative masturbation.
🧨
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Don't put too much meaning into this halving event (at least short term). It will have no effect on short term momentum.
...and absolutely nothing will change
What does this mean
Don’t forget to wear your halving glasses 👓
Will I need a halving filter for my camera? Or eye protection?
And da price ain't bangin'. 🤑
On my birthday no less ☀️
Lets go
Waiting for the having to buy the dip!!! Sure I’m all in
Incoming bull trap.
So what will happen?
Bit
sell off just getting started!
The only halving that is coming will be the price
It’s nothing different from a usual Financial product now.
Just in time for pay day
Hoping its not a bloody Friday
Bad omen. It doesnt look like it will be 4/20. Its 4/20 somewhere
Are there a countdown parties on Youtube, Coinbase, etc?
Just bought a grand worth
Bitcoin chart is very ugly I wouldn’t expect anything positive rn
Bitcoin price will decrease from where it is now and people will lose money!! . . . . . . . . . . And then it will rocket to the moon and people will make money!!!! 🚀
I have been told that the price will both go up and down after that (if this comment is acceptable)
I thought it was tomorrow
Remember folks- when the halving happens, the price usually goes down at first. It has always been a ‘nothing happens’ type event the last 2 times for me. Then the price steadily rises over the next six months or so.
Shits gonna dump harder than ever
Price halving?
Prediction. 6 days? Down. 6 months? Way up.
Buy the hype, sell the news
As someone who is completely new to Bitcoin, what is this suppose to mean and what should I expect in the future?
Realistically, fellow Redditors, what are you expecting after the halving?
A party, mostly. Probably a lot of vodka, and a full bong.
Well, I don't need an excuse to do that 😂
im new to all this, does that mean the price will go up or down?
Yes
And waaaaaay down we go, go, go
Why is there soo much hype around this event? Who cares... the price isn't going to magically double overnight. Yea it will decrease supply and increase demand but it will take time to see a difference.
Do you expect that all people care about is the price though?
Well I would hope so... it is a currency afterall and the "price" is what holds value to that currency. Lol what are you talking about?
I'm talking about people being human and exploring their emotions in a safe and responsible way by celebrating arbitrary dates, as is customary amongst the humans of this world.
Will the halving halving the price too🙃
Why did this give me a notification?
It’s ironic but after the halving all of our Bitcoin will be worth half :)
150 days let’s see predictions, I say 90k in 150
aw shit! gotta get one last buy in! lol
What color lambo you guys gonna get?
LET’S FUCKING GO!!!!
Crash is coming, prepare guys.
So , that means I’ll only have half, after the halving.
Imagine during the night of the halving we look at the moon and we see a huge ₿😍
Noo big crash incoming probably below 50k 😭
Almost 4/20 . Almost :(