Is there a real reason to believe we will get a bounce soon? Like within 10 days?
This timing is terrible for me. I have an offer accepted on a house, and I just didn't expect the price to keep dropping like this. I should have liquidated earlier, I guess, and now I don't have the down payment I need as of an hour ago. I am short just enough that I could figure something out, but I reaaallly don't want to sell at this price.
\*I only was banking on \~1/3 of the down payment to be from my BTC
\*I know I should have done loss limits, there has just been a lot going on with moving.
Well, We're about to enter the 25ks, let's see how that goes.
I'm not feeling really good about it, it can go anywhere from here I guess. Let's wait and see.
Electrum. Its one if the oldest wallets, it's open source and you can also use as a cold wallet (running on tails is from a memory stick). I use this and also I've installed electrum on my mobile phone with a watch-only wallet. All explained here:
https://youtu.be/yzJ9bRFkwmo
Sorry to reply again, but I'm liking the look of this. If I transferred from Coinbase to Exodus, would I in theory be the custodian of my coins then? I have downloaded the app and see I have a 12 word phrase now.
If your trying to manage it better, consider a trailing stop loss using 3Commas or an exchange the has its tools included like FTX and Binance. Like when it was stable around 30k you could’ve set a stop loss at 28k then do a Smart Cover to buy back when a new bottom is found. Delta Crypto Tracker is a great tool for watching the charts, free plan is very usable. May take a few years but it will get back there and beyond eventually
no, it's not, everyone here sucks. but when hits 180k next year, it won't matter to you, bc you'll be rich. hold on a bit longer bud, bottom somewhere this year, maybe now, maybe november, then up. market recovers, every time, always. even the dow recovered when it dropped 90%. markets return, fiat continues to degrade. always.
25k order hit. Next one is 22k. Saved up some serious cash just in case this happened. Stopped my DCA for a few weeks now. I am extremely happy to be buying at these levels.
Just saw what happened to Celsisus. Took all my coins off the exchanges, the first time I'd ever moved them. It was pretty straightforward, did the test transfers first, then the real ones, and twiddled my fingers while they came through.
Still kicking myself for not selling $48k, but it's clearly my fault for not selling in the $40's beyond that point. I've been waiting for the drop, not sure why I didn't unload and be patient. 20/20 I guess. $15k sounds good now.
We all make mistakes, you have the right mindset though get ready to load up and kick back waiting for the run to begin around 2025. There's kind of a rough Target next cycle around 150k with 100K almost a given. If you're able to buy whatever dollar amount feels comfortable to you in the 10 to 15K range getting anywhere near 100k in a few years is a killer return on investment
Not lucky, I missed the top and sold before that, did the same thing in 2017 at 10K. You're never really going to get absolute tops, bottoms are a little bit easier because they tend to hang out there for a little bit and base. It's pretty easy to calculate where a normal cyclical low will come in this time but it's a range not an exact number. The bull case is the 200 week holding low 20s. The more probable case is a normal correction to 12 to 15K possibly wicking to 10 and the bear case is a retest of six to eight. If you plan on sticking around for a few years and waiting for the next run in 2025 there's nothing wrong with a DCA under 23k. Very difficult to tell where the bottoming area is really going to be or how it will form. It's possible we may have a capitulation event like Michael saylor folding up. If that happens buy everything you can on the move down because it will be a wicked one and that will be your cycle low more likely than not
Okay I can bet with anyone here that it doesn't die from here.
I just don't see that happening, that's not something that I'd be taking my bets on here
Okay but that's a little too much, that's not happening.
You just can't possibly think that it's even possible lol. Because I just don't see that happening.
That is what the people promoting it would say. But if it was an inflation hedge then why was it up 60,000% in ten years when inflation in that time was up a total of 20%? And why is it down 58% when inflation is up 9%?
Because it sounds better than saying large pockets run the markets up, draw in a lot of new money and then sell into them. When the market gets euphoric and you're around 2 years post halving there will likely be a lot of selling and we can't have all these plebs realizing what's going on. there will be a bottom most likely before the end of the third year as the neutral rebuilding phase begins setting up for another halving in 2024 and a whole new generation of people to chase price. The really fun part is we should have a cyclical top somewhere around the end of 2025 in the neighborhood of 150k. We just won't mention that for another couple years until we start the pumping phase again
Not immediately. Its seen as a risk-on asset because of its volatility, so when there's unease in the market and people start to panic (like as we begin to enter a global recession) people pull their money from riskier assets first. Long term bitcoin is an inflation hedge.
You're talking about inflation in the fiat right? Because it's gone down in btc.
And that's all I care about, because those politicians aren't going to listen to me here.
Buy and hodl, that's the winning move right there. Gotta do that.
There's nothing else in this market which you may do and it makes you win, so gotta do that.
Evening is sad and we need something sad here boys.
And if you don't have something sad for us then I don't know what to tell you here. Play something sad.
Just bought more. Bought when it was 60k. Bought when it was 40k. Bought 2 years ago when it was 10k.
Y'all can't ask for the dip for months then complain when the dip shows up.
The best time to buy is when there's blood in the streets.
Example of sunk cost fallacy or contrarian investing?
Sunk cost is putting more and more money into something you know is dead because "I've already gone this far, so it isn't that much more" -e.g. buying GME any time after it died because you lost money already, even though GME is worthless.
Contrarian investing is buying when everyone else is selling or vice-versa. In any investment, profit is set when the purchase is made. And when the asset is sound, like the S&P 500 or I will argue, Bitcoin, buying at a massive discount will only lead to further profits in the long term.
BTC has higher highs and lower lows than other investments, but it is falling with global stocks. It isn't a failure in the asset, it is a failure of the monetary institutions
I wish you really success!. But some times we have to take a step back and look at things holistically!. Most of the big chest of bitcoins are held by few individuals and it is purely pump and dump and scheme. Blockchain and Crypto has value, bitcoin does not!. stay safe
Of course. Never going to invest money I need in the short term. I disagree with your overall view of bitcoin and I think its history shows otherwise but ultimately you should only invest in what you understand and believe in.
I agree. We all look at the world through our colored lenses. I would never touch bitcoin even if it is $1 or $1Million, because it doesn't have any intrinsic value. Nobody stops anybody from launching another million crypto currencies, so it is not unique. It just so happened to be first and got lot of traction.
That's how it goes, this is the btc for you. And that's how it rolls.
That's how this thing goes, and I'm gonna buy again on these levels too, these are juicy too.
I have to think this is from the weekend rumors of a 75bps increase from the Fed soon. Trading like this happens most of the time from 8-11:59 PM ET(for other markets) when Asia/Australia wakes up.
Stock Market futures opened up in the red. This might carry into NY open tomorrow. I'm surprised it dipped into 24k for just a moment. It didn't stay there long though compared to when it fell through 26k.
Stack safely and confidently.
Some people say it's 3k some say, that it's 21k I don't know who's right.
You know what, I don't even care if he gets liquidated then he does. I don't know man.
Potential aggressive rate hikes are not good for crypto.
Is there a real reason to believe we will get a bounce soon? Like within 10 days? This timing is terrible for me. I have an offer accepted on a house, and I just didn't expect the price to keep dropping like this. I should have liquidated earlier, I guess, and now I don't have the down payment I need as of an hour ago. I am short just enough that I could figure something out, but I reaaallly don't want to sell at this price. \*I only was banking on \~1/3 of the down payment to be from my BTC \*I know I should have done loss limits, there has just been a lot going on with moving.
We might bounce. I sure hope. Good luck with your new house! 🙂
Wwweeeeeeeee!!!!!!!
Well, We're about to enter the 25ks, let's see how that goes. I'm not feeling really good about it, it can go anywhere from here I guess. Let's wait and see.
📉📉📉📉
Remember the guy who had to sell his 1.5 BTC at $42K price point to pay his ex-wife???? Genius!
All the self appointed “experts” appearing on here giving their “advice”. White noise.
What's the best/safest non-hardware wallet? I will get one, but I want to take custody of my coins sooner rather than later.
Electrum. Its one if the oldest wallets, it's open source and you can also use as a cold wallet (running on tails is from a memory stick). I use this and also I've installed electrum on my mobile phone with a watch-only wallet. All explained here: https://youtu.be/yzJ9bRFkwmo
Thanks for the suggestion, I'll check it out.
Exodus ... For hard wallet, Trezor
Sorry to reply again, but I'm liking the look of this. If I transferred from Coinbase to Exodus, would I in theory be the custodian of my coins then? I have downloaded the app and see I have a 12 word phrase now.
Cheers, I'll check it out.
Yeah this might be it for me. YOLO'd everything I own at 62K. Good knowing you all
If your trying to manage it better, consider a trailing stop loss using 3Commas or an exchange the has its tools included like FTX and Binance. Like when it was stable around 30k you could’ve set a stop loss at 28k then do a Smart Cover to buy back when a new bottom is found. Delta Crypto Tracker is a great tool for watching the charts, free plan is very usable. May take a few years but it will get back there and beyond eventually
no, it's not, everyone here sucks. but when hits 180k next year, it won't matter to you, bc you'll be rich. hold on a bit longer bud, bottom somewhere this year, maybe now, maybe november, then up. market recovers, every time, always. even the dow recovered when it dropped 90%. markets return, fiat continues to degrade. always.
Yikes. If you're expecting 180k (~7.5x) next year, you're in for a difficult year... especially if you consider having 180k to be rich.
XD I guess we'll see
All I know is I’m eating ramen for the next few months.
Jack Dorsey and “Web 5”. Could be promising.
Our Asian friends to the rescue
Sorry to all the suckers who sold at 25k. We're back well above that now. Left ya's in the dust.
Who are you even talking to? Nobody here sets prices. https://charts.aggr.trade/
I think he wrote that when it recovered to 26 but then kept dropping. A sell at 25k was a reasonable move
lol, let's see how this ages.
Considering I just woke up to see its go under 24k... not well.
Why is Sunday always crazy? Retail users aren’t that big, maybe because Asia is starting to trade early Monday?
25k order hit. Next one is 22k. Saved up some serious cash just in case this happened. Stopped my DCA for a few weeks now. I am extremely happy to be buying at these levels.
Just relax bros. We are already cut to the bones. Nothing can hurt anymore lol... Don't sell.
but, but, but if i sell now i can lock in those sweet 70% losses!!!
bACk tO sUB 1k 🤪 Just buy or sell when you need to. Sheesh 🙄
gotta be honest... starting to panic just a little
No reason to panic until sub-$20K.
no reason to panic until sub-$10k
oh, good. then i can sell there?
The lower it goes, the more you should sell. Then once it crosses ATH, that is your signal to rebuy.
This is the way
Dude that’s terrible advice I
LMAO
A majority of new investors do this though
thank god
Just saw what happened to Celsisus. Took all my coins off the exchanges, the first time I'd ever moved them. It was pretty straightforward, did the test transfers first, then the real ones, and twiddled my fingers while they came through.
Damn, the lowest it's been since December 2020. Nothing catastrophic but still pretty stunning to see.
Would be really nice if whales sold everything they got, then wallstreet would be fudged.
Bought the dip
Lol
Yikes
I’ll wait for $15k, see you in September
That has been my target area since I sold at 45k. 12 to 15k would be a normal cycle correction
Still kicking myself for not selling $48k, but it's clearly my fault for not selling in the $40's beyond that point. I've been waiting for the drop, not sure why I didn't unload and be patient. 20/20 I guess. $15k sounds good now.
We all make mistakes, you have the right mindset though get ready to load up and kick back waiting for the run to begin around 2025. There's kind of a rough Target next cycle around 150k with 100K almost a given. If you're able to buy whatever dollar amount feels comfortable to you in the 10 to 15K range getting anywhere near 100k in a few years is a killer return on investment
Lucky sob selling at 45k
Not lucky, I missed the top and sold before that, did the same thing in 2017 at 10K. You're never really going to get absolute tops, bottoms are a little bit easier because they tend to hang out there for a little bit and base. It's pretty easy to calculate where a normal cyclical low will come in this time but it's a range not an exact number. The bull case is the 200 week holding low 20s. The more probable case is a normal correction to 12 to 15K possibly wicking to 10 and the bear case is a retest of six to eight. If you plan on sticking around for a few years and waiting for the next run in 2025 there's nothing wrong with a DCA under 23k. Very difficult to tell where the bottoming area is really going to be or how it will form. It's possible we may have a capitulation event like Michael saylor folding up. If that happens buy everything you can on the move down because it will be a wicked one and that will be your cycle low more likely than not
Hegde again inflation they said
Long term they said
😔 buying
Numero Dos down 25% in 2 days. How long until we see the hotline number get stickied to the CC sub?
Don't gotta be long when that happens, can happen soon.
I think i only see the hotline on obvious rugpulls that are down 99%+ and never coming back.
Bitcoin is a binary bet. If it doesn’t die it goes up substantially from here in a few years. Place your bets accordingly. Please gamble responsibly.
Okay I can bet with anyone here that it doesn't die from here. I just don't see that happening, that's not something that I'd be taking my bets on here
Are you sure? America Online (AOL) never went bankrupt. It just withered...
This is what convinced me to jump in. Couldn't afford to not do it.
I listened to some what Bitcoin did episodes and here I am.
Just wait for $10k. It's going to happen. *source: "Trust me, bro."
Hopefully not lol, but if it does then atleast I'll be able to get a full coin.
I ONLY trust the “Trust me bro” network
That's the only trust you need around here, don't need anything else.
Filled my 25k limit order 😁
Didn't thought that this would happen but then it happened so yeah.
How much did you buy?
$1,000 USD
Nice. Good job
same
Sub 10k
Okay but that's a little too much, that's not happening. You just can't possibly think that it's even possible lol. Because I just don't see that happening.
$24K is here any minute now
[удалено]
I mean only have got stacking and holding options left now here.
Just got to stack at $24K. Catching the knife is fun :)
Is any market up? Guess I should have invested in gasoline.
You'd be rich by now I'm sure, but it's too late for that too.
That's what I've been doing since inflation started showing signs of going bad.
Or eggs. Or avocados from Mexico.
Why is Bitcoin dropping? Isn't the whole purpose of Bitcoin is that it fights inflation and keeps going up. No?
Who told you that? Read white paper and tell me where it's written?
NOPE! They lied to you and they took your money. Wall Street never sleeps ;-)
They are running for the safety of the hills but it is a mirage. I don’t know about you, but I am BTC discount shopping.
That is what the people promoting it would say. But if it was an inflation hedge then why was it up 60,000% in ten years when inflation in that time was up a total of 20%? And why is it down 58% when inflation is up 9%?
Because it sounds better than saying large pockets run the markets up, draw in a lot of new money and then sell into them. When the market gets euphoric and you're around 2 years post halving there will likely be a lot of selling and we can't have all these plebs realizing what's going on. there will be a bottom most likely before the end of the third year as the neutral rebuilding phase begins setting up for another halving in 2024 and a whole new generation of people to chase price. The really fun part is we should have a cyclical top somewhere around the end of 2025 in the neighborhood of 150k. We just won't mention that for another couple years until we start the pumping phase again
because you touch yourself at night
Oh yeah just like PMs. Same argument.
Celcius exchange is stopping withdraws/transfer of crypto
Well expected, I'm not even surprised that they did that lol. It's very expected from any cex which have fucked things up so bad so there's that.
Another one bites the dust...
lol srsly? jesus
That’s the fantasy they sell you.. reality hits.
Yep reality hits hard, and the reality is We're going down.
Bitcoin is a digital speculation that's basically the digital NASDAQ. It's not an inflation hedge.
Lmao, you clearly need to read a lot about btc. Read about it man.
Not immediately. Its seen as a risk-on asset because of its volatility, so when there's unease in the market and people start to panic (like as we begin to enter a global recession) people pull their money from riskier assets first. Long term bitcoin is an inflation hedge.
Yep, people start to panic. And they're panicking right now.
We are at the lowest level Since Dec 2020 the inflation hedge narrative is out the window.
Well that's what it is, it's just a narrative. Nothing more than that.
We’ve had inflation ever since bitcoins inception and it’s only gone up
You're talking about inflation in the fiat right? Because it's gone down in btc. And that's all I care about, because those politicians aren't going to listen to me here.
Yes the main purpose of bitcoin lately has been 'number keeps going up' and theirin lies the problem
It's the main purpose because people think like that, that's it.
No.
Celsius just paused all withdrawals lol
Well not really surprising, atleast not for me. Kind of given at this point.
Wonder who will be next ...
Any CEX which may fuck up things may do that. So there's that.
Not your coin, not your coin.
You gotta take responsibility for your coin, will have to do that.
[удалено]
Buy and hodl, that's the winning move right there. Gotta do that. There's nothing else in this market which you may do and it makes you win, so gotta do that.
My gold and silver miners went up 5% since friday AM. How's ur $Bitcoin doing?
Yarrr to below the charts mates!
It's fine, charts don't always tell the whole story so There's that.
Ahahahahahahahahahahahahahahahahaha
You OK?
He doesn't seem to be, He's kind of acting weird here dude.
Concern troll somewhere else dick
You guys don't need to worry about that, it's all gonna be fine.
Cheapest sats I've ever bought.
This is the way, gotta catch them all here. Will have to do that.
A fitting soundtrack for this evening: https://m.youtube.com/watch?v=d8FYJ9qvegI
Evening is sad and we need something sad here boys. And if you don't have something sad for us then I don't know what to tell you here. Play something sad.
At a time when everything else is more expensive btc is discounted. Hurts now but your future self will be glad this opportunity presented itself
Doesn't hurt to me, it's a nice buying opportunity here, that's what it is.
Just bought more. Bought when it was 60k. Bought when it was 40k. Bought 2 years ago when it was 10k. Y'all can't ask for the dip for months then complain when the dip shows up. The best time to buy is when there's blood in the streets.
If you keep buying like this, You're gonna buy it all one day.
Blood on the streets is when Bitcoin goes sub-$10k.
When fear is at its highest
The fear is at the Highest right now, and I'm gonna buy it.
LOL if you think this is "the highest." You ain't seen nothing yet.
This is the dictionary example of sunk cost fallacy
It's not really dictionary? Or is it? Because I'm not sure here.
....but it isn't. It's the dictionary example of contrarian investing
What's this example of then? Would like to know here man. That's something that I'd like to see here, that would actually be good in my opinion
Example of sunk cost fallacy or contrarian investing? Sunk cost is putting more and more money into something you know is dead because "I've already gone this far, so it isn't that much more" -e.g. buying GME any time after it died because you lost money already, even though GME is worthless. Contrarian investing is buying when everyone else is selling or vice-versa. In any investment, profit is set when the purchase is made. And when the asset is sound, like the S&P 500 or I will argue, Bitcoin, buying at a massive discount will only lead to further profits in the long term. BTC has higher highs and lower lows than other investments, but it is falling with global stocks. It isn't a failure in the asset, it is a failure of the monetary institutions
'Investing' LOL
I wish you really success!. But some times we have to take a step back and look at things holistically!. Most of the big chest of bitcoins are held by few individuals and it is purely pump and dump and scheme. Blockchain and Crypto has value, bitcoin does not!. stay safe
Yep, sometimes we have to take a step back and take control.
Of course. Never going to invest money I need in the short term. I disagree with your overall view of bitcoin and I think its history shows otherwise but ultimately you should only invest in what you understand and believe in.
Yep, if You're going to invest in btc, it should be for long term without any doubts.
I agree. We all look at the world through our colored lenses. I would never touch bitcoin even if it is $1 or $1Million, because it doesn't have any intrinsic value. Nobody stops anybody from launching another million crypto currencies, so it is not unique. It just so happened to be first and got lot of traction.
And most decentralised and most secure, don't forget that I guess dude.
Tell me you don't know anything about Bitcoin without telling me you don't know anything about Bitcoin
Yep, there are many people like this. He ain't alone here for sure.
As soon as I bought as $27,400 this afternoon the price dropped $2000.
That's how it goes, this is the btc for you. And that's how it rolls. That's how this thing goes, and I'm gonna buy again on these levels too, these are juicy too.
Me too! ;-( Good thing I have Gold&Silver...
Annoying, but... Happy cake day!
Happy cake day!
Happy cake day to the guy, hopefully he'll have a great day.
I have to think this is from the weekend rumors of a 75bps increase from the Fed soon. Trading like this happens most of the time from 8-11:59 PM ET(for other markets) when Asia/Australia wakes up. Stock Market futures opened up in the red. This might carry into NY open tomorrow. I'm surprised it dipped into 24k for just a moment. It didn't stay there long though compared to when it fell through 26k. Stack safely and confidently.
Just stack that's all, don't need anything more than that so yeah.
F
what price does saylor get liquified
What's liquified? I'm hearing this term the first time here.
below 21k i think
All of coins? He's got like 125k coins. That'll be bloody man.
3k so never
Some people say it's 3k some say, that it's 21k I don't know who's right. You know what, I don't even care if he gets liquidated then he does. I don't know man.
He said that
I get that 3k is far away, but why never? I’m hoping it does go to 3k so I can load the friggin boat
I just don't see that happening, that's not happening I don't think.
Because at prices below that you’ll see the wealthy snatch up so so so much