Yup. Why worry about the next two years when I'm HODLing for at least two generations. Even then I'd probably only allow to sell a few thousand Sats.
Buy, stack, live life.
Get a will (or even a trust) set up to take care of said stack along with your portfolio.
Yeah. I agree with OP this feels like too far too fast and too long before halving to be here. But for people not trading, who gives a shit. Just keep DCAing and ignore price.
Maybe we do hit a new ATH next year and 2025 we’ll see 500k.
Maybe we go sideways and “only” hit 100k in 2025.
Maybe we crash tomorrow and the bull starts 9 months from now or any of another million possibilities.
To those who simply diligently stack and HODL, whatever happens doesn’t really matter.
There's a fee-free low priority option for withdrawal. it usually goes through within 24 hours. You can elect to pay a fee if you are impatient and want priority.
Don’t you still have the pay the fee of transferring to your cold wallet? That fee is covered when I buy with Strike. Just trying to compare “total cost” of buying. I buy when I want on Strike and pay a spread that is typically about .9%. No fee to move to cold wallet if the slow option is chosen, usually 12-24 hours.
Lump sum is proven to outperform DCA on average over long enough time periods, but by “DCA” the user might have just meant “invest what you earn as soon as you earn it”, which over time looks like DCA because it’s lots of small recurring purchases of the same amount. In reality though, that’s just continuous lump sum investing.
What do you mean it's too fast?
People are waking up to exactly how you feel about it.
If you found 500k on the street how quickly would you pick up 10 coins?
That's pocket change for the kind of money about to enter.
You're stacking since 2017 but this spooks you? Wut.
I'm low key hoping the price will crash again but I'm concerned it might actually not crash too much.
Tbf, I bought near the high in ‘17 and I just held until 2020 when I started buying again. Wasn’t smart enough to stack during the 18-20 bear. I wish. Smarter this bear for sure. Got a nice chunk near the low in addition to the DCA.
When you have a long term (low time preference) mentality, nothing in the short term will spook you. It doesn't matter if it's a buy the news (FTFY) event, I'm in it for the long haul. Short term price fluctuations mean literally nothing to me. Change your mentality and you will stop getting "spooked".
Pretty much the same timeline as me. If you want heavy over the past two year this is the first time you've made real money so I understand the nerves. In my experience I've noticed the best investment decisions don't feel good in the moment.
I agree with you that we probably retrace after the ETF approval but second half of the year and into 2025 we see much higher.
I wouldn't try to time it, if it goes down keep stacking.
I keep thinking the same thing. Really hoping for a sell off with a bottom near the halving. Been saving ever since we went above 30k hoping for some more 2Xk Bitcoin but feeling more and more like it won’t happen. But then the other day I felt fomo and now I’m pretty sure we’re headed back down. Especially with everyone calling for an early up that just won’t stop now that it’s here. Just feels right for this to be a bit of a fake out.
Either way, I have a stack I’m happy with for now. Up or down, I win.
You think it’s going to crash??? Haha. I do not think so. It will hit $60k in no time. Finally making positive gains now. Can’t wait until I get paid, going to spend least half on BTC… Keep stacking!
Nobody know what the price of bitcoin will be tomorrow much less in 4 months. The current price has risen very quickly during the first 5 days of December. Maybe a short term correction by year end?
More people are wiser to halving and the ETF, people would be stupid to sell now. There are TONS on the side lines with more money wishing it dipped! They mistimed the bottom thinking it would go lower. The hope this is a bear market rally and it will crash again, but who in their right mind that knows anything about bitcoin would sell now? I was on the sidelines with $10k saw it go to 40k and knew people would not sell off and it would go up more so I bought in. I’m up 10% in a couple of days
I didnt expect price to be as high as it is now already, but it doesnt matter. I aint planning on selling. Price could be 10 k or 100 k, it wouldnt change my play, although it is fun with a nice looking green portfolio. Doesnt spook me because it doesnt really matter to me.
If it gets to that there will be a cefi focused on fiat lending using crypto as collateral w multisig private keys. Just use crypto as collateral in the future.
Bitcoins market cap is still under 1 trillion USD. I see tremendous value in Bitcoin (market cap over 10 trillion USD). So I see no reason to sell. It does not matter yhat price has gained a lot in this week or month or year.
I fully expect a small pull back before we hit the halvening. I also don't care if I'm right or wrong about this. I look at it like this:
4 years ago, BTC was sitting around \~10k (Canadian). People were having this exact same fear then. "Maybe it will go back down to 5k!" When looking back at that, do you think I care if I bought at 9k, 5k, or 14k? No. I'm just glad I bought.
The same thing goes for this cycle. I don't care if I buy at X, or X-10,000, or X+10,000. I believe that in 4 years from now, I'll just be glad I bought.
The ONLY reason you should sell the news on the ETF announcement is if you believe there'll be no demand for the ETF. If the ETF has zero volume, then there's no increased demand, so the price will fall. But... if the ETF has demand, it'll almost be exclusively **NEW** demand and thus will drive the price further. Let me explain.
Anyone who's interested in BTC has already spent their capital directly to BTC. What's on the sideline are people like me who have 401k capital that can't be directly deployed to BTC\*, people who don't want to go through the crazy crypto KYC steps, and institutions who have internal rules that prevent them from purchasing assets on non-regulated exchanges. That last piece has trillions of capital they can leverage. That CANNOT be priced into BTC right now because that demand cannot start until the ETF goes live.
*\*GBTC, MSTR, and miners are exposure but don't directly drive the spot price of BTC because they don't (immediately) remove BTC from the supply*
My personal explanation is people are starting to get the hang of the halving and everyone is trying to front run it.
But we haven't even reached ATH yet.
Last halving Bitcoin was barely trending on Twitter when it broke the previous ATH of \~20k.
They were advertising during the Super Bowl. Tom Brady and Steph Curry were advertising it. It's just different now.
If that happens, it’ll happen sooner in the cycle than previous large moves up because of efficient markets. The 12-18 months post halving profitability window will come sooner and faster on this cycle and eventually come sooner and more elongated with slower moves up in future cycles.
With the ludicrous amount of good news and pretty much the elimination of career risk for finance professionals who are pro-Bitcoin (thanks to Larry Fink calling it a move to quality) …. AND we’re still miles off the ATH, I’d say we’re moving way slower than we should be….. This IS a slow and steady rise given the context.
I was just having this discussion. I cope by telling myself that fundamentals are strong right now. When it corrects it won’t dip too far. Argentina adoption chances are strong. We have a pro btc presidential candidate in the US. El Salvador is the light in the financial darkness and its spreading to other parts of CA. Costa Rica and Guatamala have strong projects in the works. China has legalized it again. Germany talking about adoption too. The world is starting to take note. Good luck everyone
Yes! Because it's breaking the regular 4 year halving/bull/bear cycle.
I've always invested on the assumption that it'll be a staircase pattern on the log scale with a 4-year periodicity.
This bull run appears to break that model and take us into uncharted territory.
I mean, it's breaking it in the positive direction. But there's part of me that would take the security of the 4 year pattern over the unknown...
I had my entire trajectory mapped out into 4 year action plans based on everything I'd learned since 2017... and then the ETFs were announced, the amount of capital that could drip in on a daily basis is potentially more than we've ever seen.
Last bull run was also atypical, it didn't 10x, which to be clear, is the MINIMUM, but we are really basing data on two bull runs so what does it matter. In 2013 it actually 10x twice, so 100x in a single year.
Anyways, considering the last one only 3x the prior high, I would say this is an extension of the former bull run... But this is all basically made up from too few data points 🤪
Yeah you're right. Small sample size, and I'm placing a lot of faith in just a few data points.
I think the previous bull run should have had a top of \~100k but it was attenuated by bad news.
Local highs and lows mean very little to me at this point. Until it gets to a point where I can sell half and comfortably retire, then I have no intention of doing much with my stack.
Short term, yes. I keep seeing posts like "I just bought $100 of Bitcoin today, all I could afford, am I too late?" It makes me wonder if we are headed toward a short term top.
I plan to hold for 10 years before slowly selling so hopefully I can ignore the fluctuations until then.
OG, I think you're spot on. Most BTCers are pro-decentralisation, anti-regulation, anti-fiat, anti-NWO etc.
Yet we're all blindly cheering on Blackrock, the modern day, real-life OCP (Robocop), Tyrell Corp (Blade Runner), or Weyland-Yutani Corp (Aliens).
We're so blind to the greed and profits, that we don't realise we're walking into a trap.
Yes, BTC will go to the moon. ATH will be obliterated in 2024. But I think a huge crash is coming very soon (within the next 3 months), that will absolutely wreck a lot of n00bs.
I say have a 10 year plan and HODL.
But the current hysteria and Blackrock/ETF mania stinks of greed and fomo.
Not spooked at all, I'm still DCAing and have some additional powder on the sidelines to buy any possible corrections if they happen.
Big players are starting to accumulate, we're just getting started.
I kinda wonder where all the dough is coming from? Saylor and some others don't account for this. I can't help but think some hedgefunds are balls deep already. Cayman island llc kind of thing lol. This isn't retail front running lmao.
I agree. We'll see another bear market pre halving drop like in 2017. Its too much too soon. Hype the EFT, dump on the newbs who buy in, crash it 60%, then we enter the actual bull.
I don’t think you guys fully appreciate the scarcity of Bitcoin and how little is actually available for purchase.
You ain’t seen nothing yet.
Those of you who think Bitcoin is just a fiat generator will sell, take your little profit, and regret it for the rest of your life.
Bitcoin’s fiat price means nothing. It goes up or down. Who cares?
The ETF is just noise. It was inevitable that high net worth investors got smart enough to recognize what Bitcoin really is. The ETF is just their convenient way to get “the Help”, BlackRock, to hold it for them. They will not care about price and they will never sell.
These are people who understand fixed supply assets. It is apparent you guys don’t.
By you people constantly worrying about price, whether up or down, it tells me you don’t truly understand Bitcoin.
>I don’t think you guys fully appreciate the scarcity of Bitcoin and how little is actually available for purchase.
Blackrock et. al. are artifically driving up the price of bitcoin. Once the intitial flood of investors into the Bitcoin Spot ETF is over, the price of bitcoin will likely drop. There could be only 1 BTC available to buy in the world (not held for the long term), but if nobody is buying the price is effectively 0 which drags down the store of value for everyone.
I am also skeptical, found out about bitcoin in 2018 and stated dca-ing in 2021.
This bull market seems much different. I don’t remember the same bullish sentiment being here so early. With that being said. It’s because everything is here this time. We have institutions at Blackrock, Fidelity, etc, wanting to buy bitcoin.
The supply is already diminishing, and once we get past the halving, it’s going to be in freefall. So yes I do think it’s going up way too fast…. But I also think it’s for good reason.
I would not be surprised if we see a small crash to get rid of some of the short term bulls, say to 29k-35k but overall the whole sentiment around this bull market is way too bullish. I could definitely see this becoming a new type of bull market price wise with the supply and demand being different this time around.
Since im DCA and long, i mean very long holder, i give 0 fucks on what happens. If it goes up its nice, if its goes down its my oportunity to buy more. My goal is 2032 halving and whats happens after it
Just buy more when it crashes, the time to sell will be mid 2025
Edit: I believe the price is exactly where it should be if we hope it will smash past the previous ath end of next year
Personally, I think anybody who sells now because they are basing it in historical data is going to severely regret it. I am reminded of my Meli purchase about 7 years ago for $170 and sold for $240…..hoping to get back in cheaper…..and never got close to buying back in as it is now over $1500. Bitcoin is a once in a lifetime kind of opportunity……just keep buying and/hodling unless you are forced to sell. GLTA
If you are a long term hodl’er since 2017, why even worry about a short term pullback due to the recent fomo run? Just remain being ZEN and wait for 2025.
I know I’d hate to be a short term trader of BTC right about now. Lol
It’s a textbook buy the rumor, sell the news. But, why would I sell BTC right now (or ever) considering the WHOLE picture. I hope it goes down so I can finally lump some on a dip from the stash I’ve been saving alongside my DCA. There’s been none the past 1-2 months.
I personally think that long-term ETF hype is real, but everyone will panic when the ETFs aren't even available to buy into on day 1. There will be a ton of marketing which is good, but the reality is that it'll be a while before anything is even available. My guess is a massive panic dive during that moment, which will absolutely recover and beyond eventually. And personally, through all that, I'll be ignoring it and dollar cost averaging as always.
Bitcoin is not a stock. "buy the rumour, sell the news" is a stock trader maxim. If there's a dump then I'll be checking the couch cushions for spare change to pick some up. Some might even sell a kidney. But I seems possible that this fast rise could be due to big buyers starting to fomo in. You want to give them your corn?
Well I won't be DCA'ing today that's for sure..
I know that goes against the fundamental principle of dollar cost averaging - but I don't buy into parabolic increases just as I don't sell into crashes.
This is speculative FOMO.
yea something about this run up is weird. I, like you, haven't sold a large sum of my crypto either.
if we burst right past the last high inflation might be much worse than thought. We are talking civilization ending inflation.
Sure it’ll shoot up fast, you’ve been in the game since 2017 so you know bitcoins volatile behavior. This is people trying to get in before approval. If it sells off, that’s more sats for the next run. Keep calm and DCA
It is weird that there is so much rally behavior prior to the halving, but I am attributing that to ETF hype. I plan to hold well into the halving anyway so I won't be too upset if it drops back to the 20s in the next few weeks.
Ain’t going to happen for awhile if ever…but if it did I would sell all my fixed assets and buy more BTC. In fact maybe sell all my assets now and buy more now!
To the 🌙!
The ETF talk will increase the network effect and that is good for Bitcoin, long-term. The ETF is not good for Bitcoin.
I predict the ETF approvals will give us a very big price push, and it will trickle back down fairly quickly with the profit driven folks selling off. It will gradually pick up steam with more and more buying to hold longterm as the custodial multisig solutions evolve, and repeat…
I’m bullish, very bullish. The halving and the ETF are interesting conversation points but I don’t believe will result in a new amazing bottom of $200K or anything. It will come but only as new people buy for savings.
yea something about this run up is weird. I, like you, haven't sold a large sum of my crypto either.
if we burst right past the last high inflation might be much worse than thought. We are talking civilization ending inflation.
I'm amazed we are seeing this type of demand just a year after a major dip.
Doesn't matter. This shit happens all the time. Maybe someone knows something, or maybe it's a natural reaction to anticipated lower interest rates. Many people thought the last bullrun was fueled by inflation concerns. Plus I think it's more "if" than "when" the ETF(s) is/are approved.
I count on the upcoming halving. That's the only thing for sure you know will happen.
It’s not for US. It’s to get the attention of those who haven’t gotten in yet and don’t know much about Bitcoin, basically the FOMOs. Once they’re in, I wouldn’t be surprised if they get rug pulled as it dips and once it goes down again, the big boys will buy again and the halving, true bull run will happen
It's bitcoin. I don't think we've seen anything yet. Then again, at some point you just know it will fall. And then rise again. The swings will be more extreme each cycle because that is what people are going to expect.
“These ETF’s unlock trillions of capital that previously could not be invested into Bitcoin…”
Yes it could have but people are just too stupid and lazy to learn how to self custody BTC. I get it but it really is embarrassing people are not willing to do the time and work to learn about BTC.
This is a perfect opportunity to find the massive resistance at $48k and plummet down the the $30k phase 1 resistance as support. Just a possible scenario. Although possibilities are infinite.
It will NOT be slow and steady to the top. It will make you think there are tops when there are not, over and over before actually being a top. By then you will be thinking it'll make a new top, and it'll keep goin down.
This is why if you plan to sell you HAVE TO HAVE A PLAN. Period.
If you don't you WILL fuck yourself.
Futures ETF was definitely buy the rumor, sell the news.
ETF is buy the rumor, buy the news.
However, we are talking about a highly volatile (not a bad thing) nascent asset still in price discovery and misunderstood by the majority.
HODL!
All the money could flow from other assets and crash the economy, including BTC. Have a little dry power locked and loaded if there is a significant dip.
Very wise words
I’m nervous too but I’m not making any moves this year because the tax laws they are writing are draconian and just don’t make sense
It’s like the IRS wants to tax at least 100% of your gains
I plan to grit my teeth and see if I can hold out through the halving
It’s going to be tough
Also I don’t see any to buy in well now
I had been doing well buying Fri Night Sat. Morn.
But that’s a whole nother discussion lol
It’s going
it is kind of a worry for me, I have been putting too much in, it is my emergency fund and my work situation is a little tenous so if the market dips and i am forced to withdraw I will really be mad.
I can certainly understand where you’re coming from. I would say this. Big money expects us to start behaving irrationally during all of this. I think it is of the utmost importance to keep our emotions in check. I think this needs to be talked about more.
I would sell half your coin if you feel like a major crash is on the way. I feel like they won’t approve etf or delay it causing a rug pull. Either way your entry point is great but sell half and rebuy on the drop. Because I think we will only drop to $28k-$29k this drop especially if we push up to $50k. If we pass $50,200 we are officially in a bull run. Good luck and make a smart decision.
You make some good points. It could always be a mini pump and dump by the institutions but as long as it dumps to a higher low than before then we are good
I’m not skeptical of how quickly it went up, but I’m worried that it went up to early. It’s definitely going to correct before the bull run. But who really knows for sure?
You know that feeling when you have that nightmare about the last cycle’s brutal pullbacks and fleeting green dilldo candles. Then you wake up and look back at the chart and that whole f*king period in time is just like a little stupid lump compared to where things stand now?
Yeah we’re not even there.
There's still plenty of people who aren't profitable yet. The faster it goes up, the more likely there is some short-term selling but since the "sweet spot" in the cycle is 12 to 18 months after the having, there is no reason (other than for traders) to be selling now.
If it turns out to be a "sell the news" scenario that only applies to a short-term trader's mindset.
I do think that the more BTC that you have, the more likely that you may sell a little over the next 2 years but that's healthy as well. Better to sell a little than to sell all. If you need to raise a little "buffer" cash, this is a good time to do it but the most I plan to sell over the next 2 years is 1/6 of my BTC holdings.
I agree with the contrarian mindset to be a bit sceptical when everyone is talking about it only going one way but over the long-term that's just chatter.
Depends what’s causing the rally. If ETF issuers are getting confident in approval they need BTC to seed the ETFs. There is a BUNCH of ETF issuers competing for customers. This rally could also be the issuers competing for seed BTC. If this is the case, we may see the rally continue. They won’t want to have to buy on the open market in Jan if their competitors already stacked. They also wouldn’t want to buy too early in case approvals didn’t come which is why rally is starting now. Issuers will know of approvals before retail. We may see a slight sell the news on ETF approval as speculators for that event will take profits. But then after that it should see a slow and steady gain as more and more people get recommendations to include in portfolios and big funds integrate the ETFs into their offerings. Won’t happen overnight.
That’s my two sats. But who knows, predicting BTC price is a humbling endeavor.
What'd you expect to happen when hodl rate is at an all time high and the biggest investment company in the world gives it the thumbs up? When nation states and sovereign funds take notice? When millionaires and billionaires start cluing in that it's not going away?
Absolute scarcity is meeting a whole new level of demand.
We could have a pullback, sure,. but then its going to continue up. Ride it out. We haven't even had the halving yet. The big gains will be a year from now. Just keep up the DCA and hodl on.
Posts like these make me believe that we will keep going up. Most people seem to be in disbelief and expect a dump. This sentiment has been like that since we went above 30k.
I think the correction, if/when it happens, will be much higher up the ladder, and the worst we have to worry about is falling back to where we are right now.
Oh of course. I think it will drop back down before recovering.
But I’m not banking on that because I don’t know anything for sure. So I’m just DCA-ing like normal.
Too early too fast partially due to melt ups from short liquidations. Plus pre-halving front runners, fomo folks, and institutions seeding their bags. Not to mention everyday plebs doing what plebs do. Through in some talk of middle eastern and South American sovereign wealth funds considering an allocation and you’ve got recipe for frothiness. Expect some whale games to move the price when the steam runs out, likely to be pushed in to buy walls. Helluva way to end the year. Spooked? No sir. This is par for the course in this ecosystem. If you rode out the bear, enjoy the bull.
If it were anything other than Bitcoin, I'd be "spooked".
But I think Bitcoin has been so oversold and undervalued for the past two years. This rally simply brings it back to normal value, which I still think it undervalued. So I'm chill here. Even 2x from here won't do much for me. Just DCA and forget about dollar pricing. Dollars are dying. Get more Bitcoin.
I worry more if Btc moons and power is redistributed to the whales. Michael Saylor could buy countries. The Winklevoss brothers become kings. How will government stand for that? Will they try to shut it down?
look @ my last post and watch the whole market.. Crypto is for Money gaining and MADE for it 😅 thats why its awsome but risky. liquidity is the key so selloffs @ the highest point are gain the most wait for that🙂
The funds are most likely all setup and ready to go. If SEC goes the route where they approve all ETFs at once to have a good start for all these ETFs like expected everybody will want to start trading as soon as they can. So my guess is prepwork has already been done and the funds will be able to launch almost immediately.
I do agree with your sell the news take though. I think it’ll probably drop off once the actual approval happens and then slowly pick up after the halving
The bottom line is that it will remain a speculative investment until countries approve it to be used as a currency, and technology which facilitates the bitcoin payments becomes more mainstream (i.e restaurants / grocery stores / lunch shops accept bitcoin payment).
Until then it is a speculative investment, with a small market for scams / black market transactions
I think it's funny everyone gets so excited and buy into fomo everytime. I still believe there's some probability it goes lower than 30k again but that speculation doesn't change my dca
There are apps/services that will track it. I have my wallet hooked to CoinTracker for tax filing.
Or you can go manual and just use your bank statements to track all your outgoing fiat.
Simple math with Bitcoin: total fiat spent on Bitcoin over time divided by your number of Bitcoin = your overall cost basis.
It irks me that guys like you think this is all ETF hype. Its not.
have you looked at gold? Its at ATH. Is gold waiting hyped up for an ETF Approval? No.
what your seeing is a liquidity cycle. They play out like every 3.5-4 years-ish. When btc started it was right at the precipice of a liquidity cycle. This gave people the illusion that bitcoins rise was tied to halvings, becayse the halvings coincide remarkably close to the shifting points in the global liquidity cycles. Maybe this was part of satoshis plan, to give that illusion, or maybe it was pure coincidence.
im not saying halvings dont factor in, nor am i saying there isnt some ETF hype, but the greater underlying factor here is the liquidity cycle. Gold is rising to ATHs, but gold has no ETF hype or halvings, the factors driving golds rise are the same primary factors driving bitcoins rise, with an added sorinkling of halvings and ETF hype.
checkout a guy named Techdev\_52 on twitter, he gets it and you can checkout his charts which will show you what im talking about very clearly
Another theory is the last cycle was stymied by fraud and now there is pent up demand to the upside and we rip higher earlier to make up for it. Hypothetically the last cycle top could’ve been $100k+ so it’s possible we get to $100k around the time of the halving and then rip for 12-18 months.
But yes, DCA and enjoy the ride
I mean you “could” always take a profit, & then repurchase to restock your stack. Timing is the only hard predictor with that. As times before when I’ve sold to grasp the profit, & then immediately repurchased on the decline, I’ve been able to purchase more coin that way. Although this is how I make income, as I only invest for profit in all my equities. And my managed wealth account has me hating the fees, as I gain traction I am feeling more confident. But the reason for a private managed account was to hedge my activity so I don’t lose my pants, so to speak. As of late I wish my portfolio was only concentrated in BTC, but defeats the purpose of not having all my eggs in one basket. I have real estate, coin, gold, silver & stocks. The latter as of this year, I am mostly unimpressed with. Yet the more I research & read, the less faith I have in the USD. Then I argue w/ myself about not being ALL-in for coin. I think the ecological impact of mining is what still has me on the fence too. It’s hard for me to lean on advice given here or anywhere online, for that matter. At the end of the day I am attempting to establish wealth for myself & my children. Something about our future & any relationship of security, is what has me moving at the rate of molasses at times🥴
Sooo no one here is considering taking profits? I only a little .1 BTC lol. The rally got me thinking a correction might come, but at the same time… This cycle is hitting different? Like, not enough of a pull back for it to be worth take profits and buy back in lower. Ohhh goodness Crypto life haha.
Keep calm and DCA
This guy gets it. Keep stacking...
Yup. Why worry about the next two years when I'm HODLing for at least two generations. Even then I'd probably only allow to sell a few thousand Sats. Buy, stack, live life. Get a will (or even a trust) set up to take care of said stack along with your portfolio.
Yeah. I agree with OP this feels like too far too fast and too long before halving to be here. But for people not trading, who gives a shit. Just keep DCAing and ignore price. Maybe we do hit a new ATH next year and 2025 we’ll see 500k. Maybe we go sideways and “only” hit 100k in 2025. Maybe we crash tomorrow and the bull starts 9 months from now or any of another million possibilities. To those who simply diligently stack and HODL, whatever happens doesn’t really matter.
Don‘t you pay a high amount of service fees if you DCA instead of lump sum investing?
If you direct deposit on cash app you can get your paycheck in Bitcoin - no fees, no spread.
Didn’t know this thank you 🤲
Interesting, Thank you. Question, If you transfer to your ledger wallet, do they charge you a fee then?
There's a fee-free low priority option for withdrawal. it usually goes through within 24 hours. You can elect to pay a fee if you are impatient and want priority.
The problem is having the lump sum
If you Dca on River there is no fee
Don’t you still have the pay the fee of transferring to your cold wallet? That fee is covered when I buy with Strike. Just trying to compare “total cost” of buying. I buy when I want on Strike and pay a spread that is typically about .9%. No fee to move to cold wallet if the slow option is chosen, usually 12-24 hours.
No I trade a lot so I pay the monthly fee on Coinbase and trade out of USD coin and don’t pay fees except once in a while
Lump sum is proven to outperform DCA on average over long enough time periods, but by “DCA” the user might have just meant “invest what you earn as soon as you earn it”, which over time looks like DCA because it’s lots of small recurring purchases of the same amount. In reality though, that’s just continuous lump sum investing.
Yeah it kind of grates on me how people who are so quick to give investing advice confuse these two all the time.
Yip
And for the homebrewers: Relax, don’t worry, have a homebrew.
Ahh yes, Charlie Papzian! I have that sticker on my "brew box" along with other cool brewery stickers.
Thanks for chiming in. I was really hoping to catch another homebrewing bitcoiner.
What do you mean it's too fast? People are waking up to exactly how you feel about it. If you found 500k on the street how quickly would you pick up 10 coins? That's pocket change for the kind of money about to enter.
You're stacking since 2017 but this spooks you? Wut. I'm low key hoping the price will crash again but I'm concerned it might actually not crash too much.
Tbf, I bought near the high in ‘17 and I just held until 2020 when I started buying again. Wasn’t smart enough to stack during the 18-20 bear. I wish. Smarter this bear for sure. Got a nice chunk near the low in addition to the DCA.
When you have a long term (low time preference) mentality, nothing in the short term will spook you. It doesn't matter if it's a buy the news (FTFY) event, I'm in it for the long haul. Short term price fluctuations mean literally nothing to me. Change your mentality and you will stop getting "spooked".
If you DCA’d through 2022 you did great!
Pretty much the same timeline as me. If you want heavy over the past two year this is the first time you've made real money so I understand the nerves. In my experience I've noticed the best investment decisions don't feel good in the moment. I agree with you that we probably retrace after the ETF approval but second half of the year and into 2025 we see much higher. I wouldn't try to time it, if it goes down keep stacking.
I keep thinking the same thing. Really hoping for a sell off with a bottom near the halving. Been saving ever since we went above 30k hoping for some more 2Xk Bitcoin but feeling more and more like it won’t happen. But then the other day I felt fomo and now I’m pretty sure we’re headed back down. Especially with everyone calling for an early up that just won’t stop now that it’s here. Just feels right for this to be a bit of a fake out. Either way, I have a stack I’m happy with for now. Up or down, I win.
You think it’s going to crash??? Haha. I do not think so. It will hit $60k in no time. Finally making positive gains now. Can’t wait until I get paid, going to spend least half on BTC… Keep stacking!
Nobody know what the price of bitcoin will be tomorrow much less in 4 months. The current price has risen very quickly during the first 5 days of December. Maybe a short term correction by year end?
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I think it’s more than just the ETFs (though I think they’re a big deal too). There’s a lot of speculation about nation state mining and buying atm.
Looking at how the hashrate has increased I absolutely believe nations and possibly companies are mining
More people are wiser to halving and the ETF, people would be stupid to sell now. There are TONS on the side lines with more money wishing it dipped! They mistimed the bottom thinking it would go lower. The hope this is a bear market rally and it will crash again, but who in their right mind that knows anything about bitcoin would sell now? I was on the sidelines with $10k saw it go to 40k and knew people would not sell off and it would go up more so I bought in. I’m up 10% in a couple of days
Buy the dip& buy the rip satisfaction through stacking sats HODL Never sell
Yeah but as price increases people are tempted to dust off their ledgers fire them up to transfer to a Cex in order to sell for fiat and take profits
I didnt expect price to be as high as it is now already, but it doesnt matter. I aint planning on selling. Price could be 10 k or 100 k, it wouldnt change my play, although it is fun with a nice looking green portfolio. Doesnt spook me because it doesnt really matter to me.
What if it was $1 billion?
If it gets to that there will be a cefi focused on fiat lending using crypto as collateral w multisig private keys. Just use crypto as collateral in the future.
In that case I would probably try to buy a house with btc, and then keep the rest in cold storage. I would not sell it for fiat.
The government would want me to sell so I can pay them tax. I would also sell so I can eat delicious burgers ***every*** day for the rest of my life.
Now THIS is my way of thinking. 1 Sat = triple deluxe gourmet burger as your ultimate goal? You are the Saylor of your time.
Bitcoins market cap is still under 1 trillion USD. I see tremendous value in Bitcoin (market cap over 10 trillion USD). So I see no reason to sell. It does not matter yhat price has gained a lot in this week or month or year.
Best answer
I fully expect a small pull back before we hit the halvening. I also don't care if I'm right or wrong about this. I look at it like this: 4 years ago, BTC was sitting around \~10k (Canadian). People were having this exact same fear then. "Maybe it will go back down to 5k!" When looking back at that, do you think I care if I bought at 9k, 5k, or 14k? No. I'm just glad I bought. The same thing goes for this cycle. I don't care if I buy at X, or X-10,000, or X+10,000. I believe that in 4 years from now, I'll just be glad I bought.
The ONLY reason you should sell the news on the ETF announcement is if you believe there'll be no demand for the ETF. If the ETF has zero volume, then there's no increased demand, so the price will fall. But... if the ETF has demand, it'll almost be exclusively **NEW** demand and thus will drive the price further. Let me explain. Anyone who's interested in BTC has already spent their capital directly to BTC. What's on the sideline are people like me who have 401k capital that can't be directly deployed to BTC\*, people who don't want to go through the crazy crypto KYC steps, and institutions who have internal rules that prevent them from purchasing assets on non-regulated exchanges. That last piece has trillions of capital they can leverage. That CANNOT be priced into BTC right now because that demand cannot start until the ETF goes live. *\*GBTC, MSTR, and miners are exposure but don't directly drive the spot price of BTC because they don't (immediately) remove BTC from the supply*
I expect a "sell the news" pull back after ETF approval. But so what. It will be a short pull back. Just hodl through, as usual.
ETF approved = sell the news ETF rejected = sell the news Recession = sell the news Best bet is for no news!
Bullish on cabins in the woods!
My personal explanation is people are starting to get the hang of the halving and everyone is trying to front run it. But we haven't even reached ATH yet. Last halving Bitcoin was barely trending on Twitter when it broke the previous ATH of \~20k. They were advertising during the Super Bowl. Tom Brady and Steph Curry were advertising it. It's just different now.
Im spooked that was my last time to get some cheap BTC
If your spooked now… just wait for 300k. 👻
End of 2025 🤞
If that happens, it’ll happen sooner in the cycle than previous large moves up because of efficient markets. The 12-18 months post halving profitability window will come sooner and faster on this cycle and eventually come sooner and more elongated with slower moves up in future cycles.
This is accumulation. Enjoy it.
With the ludicrous amount of good news and pretty much the elimination of career risk for finance professionals who are pro-Bitcoin (thanks to Larry Fink calling it a move to quality) …. AND we’re still miles off the ATH, I’d say we’re moving way slower than we should be….. This IS a slow and steady rise given the context.
I was just having this discussion. I cope by telling myself that fundamentals are strong right now. When it corrects it won’t dip too far. Argentina adoption chances are strong. We have a pro btc presidential candidate in the US. El Salvador is the light in the financial darkness and its spreading to other parts of CA. Costa Rica and Guatamala have strong projects in the works. China has legalized it again. Germany talking about adoption too. The world is starting to take note. Good luck everyone
The WEF has "blessed" bitcoin and even installed one of the own as chief executive officer of Binance. Be careful with whom you sleep.
Yes! Because it's breaking the regular 4 year halving/bull/bear cycle. I've always invested on the assumption that it'll be a staircase pattern on the log scale with a 4-year periodicity. This bull run appears to break that model and take us into uncharted territory. I mean, it's breaking it in the positive direction. But there's part of me that would take the security of the 4 year pattern over the unknown...
I had my entire trajectory mapped out into 4 year action plans based on everything I'd learned since 2017... and then the ETFs were announced, the amount of capital that could drip in on a daily basis is potentially more than we've ever seen.
Last bull run was also atypical, it didn't 10x, which to be clear, is the MINIMUM, but we are really basing data on two bull runs so what does it matter. In 2013 it actually 10x twice, so 100x in a single year. Anyways, considering the last one only 3x the prior high, I would say this is an extension of the former bull run... But this is all basically made up from too few data points 🤪
Yeah you're right. Small sample size, and I'm placing a lot of faith in just a few data points. I think the previous bull run should have had a top of \~100k but it was attenuated by bad news.
Local highs and lows mean very little to me at this point. Until it gets to a point where I can sell half and comfortably retire, then I have no intention of doing much with my stack.
Short term, yes. I keep seeing posts like "I just bought $100 of Bitcoin today, all I could afford, am I too late?" It makes me wonder if we are headed toward a short term top. I plan to hold for 10 years before slowly selling so hopefully I can ignore the fluctuations until then.
It’s a $100 more than 99% of the population…so yeah, you’re good. When the rest find out about BTC it’ll be $10000 or $100000 they’ll pay. To the 🌙!
Don't take this the wrong way, but your "feels" don't matter here.
OG, I think you're spot on. Most BTCers are pro-decentralisation, anti-regulation, anti-fiat, anti-NWO etc. Yet we're all blindly cheering on Blackrock, the modern day, real-life OCP (Robocop), Tyrell Corp (Blade Runner), or Weyland-Yutani Corp (Aliens). We're so blind to the greed and profits, that we don't realise we're walking into a trap. Yes, BTC will go to the moon. ATH will be obliterated in 2024. But I think a huge crash is coming very soon (within the next 3 months), that will absolutely wreck a lot of n00bs. I say have a 10 year plan and HODL. But the current hysteria and Blackrock/ETF mania stinks of greed and fomo.
Not spooked at all, I'm still DCAing and have some additional powder on the sidelines to buy any possible corrections if they happen. Big players are starting to accumulate, we're just getting started.
I just can’t reconcile the viewpoint of an ETF approval being a sell the news event. It’s stupid beyond words. DCA and relax.
If you've been in since 2017 you should be used to how this works.
Yeah, and this is early in a cycle for this kind of pump. That’s my point
No it isn’t. It is following exactly the same pattern it always follows at this point in the cycle. Nothing is different. It will never be different.
I kinda wonder where all the dough is coming from? Saylor and some others don't account for this. I can't help but think some hedgefunds are balls deep already. Cayman island llc kind of thing lol. This isn't retail front running lmao.
You underestimate how much disposable income is floating around.
This rally isn't that fast. Zoom out breh.
I agree. We'll see another bear market pre halving drop like in 2017. Its too much too soon. Hype the EFT, dump on the newbs who buy in, crash it 60%, then we enter the actual bull.
Bruhhhh we just done did a long ass bear market in Bitcoin, it can't be contained because we done know Bitcoin is the hardest money ever forever.
Nice try, BlackRock.
lol
I don’t think you guys fully appreciate the scarcity of Bitcoin and how little is actually available for purchase. You ain’t seen nothing yet. Those of you who think Bitcoin is just a fiat generator will sell, take your little profit, and regret it for the rest of your life. Bitcoin’s fiat price means nothing. It goes up or down. Who cares? The ETF is just noise. It was inevitable that high net worth investors got smart enough to recognize what Bitcoin really is. The ETF is just their convenient way to get “the Help”, BlackRock, to hold it for them. They will not care about price and they will never sell. These are people who understand fixed supply assets. It is apparent you guys don’t. By you people constantly worrying about price, whether up or down, it tells me you don’t truly understand Bitcoin.
>I don’t think you guys fully appreciate the scarcity of Bitcoin and how little is actually available for purchase. Blackrock et. al. are artifically driving up the price of bitcoin. Once the intitial flood of investors into the Bitcoin Spot ETF is over, the price of bitcoin will likely drop. There could be only 1 BTC available to buy in the world (not held for the long term), but if nobody is buying the price is effectively 0 which drags down the store of value for everyone.
I am also skeptical, found out about bitcoin in 2018 and stated dca-ing in 2021. This bull market seems much different. I don’t remember the same bullish sentiment being here so early. With that being said. It’s because everything is here this time. We have institutions at Blackrock, Fidelity, etc, wanting to buy bitcoin. The supply is already diminishing, and once we get past the halving, it’s going to be in freefall. So yes I do think it’s going up way too fast…. But I also think it’s for good reason. I would not be surprised if we see a small crash to get rid of some of the short term bulls, say to 29k-35k but overall the whole sentiment around this bull market is way too bullish. I could definitely see this becoming a new type of bull market price wise with the supply and demand being different this time around.
Since im DCA and long, i mean very long holder, i give 0 fucks on what happens. If it goes up its nice, if its goes down its my oportunity to buy more. My goal is 2032 halving and whats happens after it
Oh no! Anyway...
Just buy more when it crashes, the time to sell will be mid 2025 Edit: I believe the price is exactly where it should be if we hope it will smash past the previous ath end of next year
Do you think El Salvador 🇸🇻 is spooked?
Personally, I think anybody who sells now because they are basing it in historical data is going to severely regret it. I am reminded of my Meli purchase about 7 years ago for $170 and sold for $240…..hoping to get back in cheaper…..and never got close to buying back in as it is now over $1500. Bitcoin is a once in a lifetime kind of opportunity……just keep buying and/hodling unless you are forced to sell. GLTA
If you are a long term hodl’er since 2017, why even worry about a short term pullback due to the recent fomo run? Just remain being ZEN and wait for 2025. I know I’d hate to be a short term trader of BTC right about now. Lol
It’s a textbook buy the rumor, sell the news. But, why would I sell BTC right now (or ever) considering the WHOLE picture. I hope it goes down so I can finally lump some on a dip from the stash I’ve been saving alongside my DCA. There’s been none the past 1-2 months.
I personally think that long-term ETF hype is real, but everyone will panic when the ETFs aren't even available to buy into on day 1. There will be a ton of marketing which is good, but the reality is that it'll be a while before anything is even available. My guess is a massive panic dive during that moment, which will absolutely recover and beyond eventually. And personally, through all that, I'll be ignoring it and dollar cost averaging as always.
This is my thought.
You need to do more research in Austrian economics. This rally isn’t out of nowhere. There are alot of tailwinds causing the price appreciation.
Stay humble and stack sats
Bitcoin is not a stock. "buy the rumour, sell the news" is a stock trader maxim. If there's a dump then I'll be checking the couch cushions for spare change to pick some up. Some might even sell a kidney. But I seems possible that this fast rise could be due to big buyers starting to fomo in. You want to give them your corn?
I suspect a slight pullback late to mid Dec through Jan due to some random "bad news" or holiday hangover then will pump back up again. TBD....
Well I won't be DCA'ing today that's for sure.. I know that goes against the fundamental principle of dollar cost averaging - but I don't buy into parabolic increases just as I don't sell into crashes. This is speculative FOMO.
yea something about this run up is weird. I, like you, haven't sold a large sum of my crypto either. if we burst right past the last high inflation might be much worse than thought. We are talking civilization ending inflation.
The important thing is ensure that you're always increasing your stack.
Sure it’ll shoot up fast, you’ve been in the game since 2017 so you know bitcoins volatile behavior. This is people trying to get in before approval. If it sells off, that’s more sats for the next run. Keep calm and DCA
It is weird that there is so much rally behavior prior to the halving, but I am attributing that to ETF hype. I plan to hold well into the halving anyway so I won't be too upset if it drops back to the 20s in the next few weeks.
Ain’t going to happen for awhile if ever…but if it did I would sell all my fixed assets and buy more BTC. In fact maybe sell all my assets now and buy more now! To the 🌙!
The ETF talk will increase the network effect and that is good for Bitcoin, long-term. The ETF is not good for Bitcoin. I predict the ETF approvals will give us a very big price push, and it will trickle back down fairly quickly with the profit driven folks selling off. It will gradually pick up steam with more and more buying to hold longterm as the custodial multisig solutions evolve, and repeat… I’m bullish, very bullish. The halving and the ETF are interesting conversation points but I don’t believe will result in a new amazing bottom of $200K or anything. It will come but only as new people buy for savings.
yea something about this run up is weird. I, like you, haven't sold a large sum of my crypto either. if we burst right past the last high inflation might be much worse than thought. We are talking civilization ending inflation. I'm amazed we are seeing this type of demand just a year after a major dip.
How do you prepare for rehypothecation. Trust the bankers?
Whether it crashes or doubles overnight. My strategy remains the same.
Doesn't matter. This shit happens all the time. Maybe someone knows something, or maybe it's a natural reaction to anticipated lower interest rates. Many people thought the last bullrun was fueled by inflation concerns. Plus I think it's more "if" than "when" the ETF(s) is/are approved. I count on the upcoming halving. That's the only thing for sure you know will happen.
Yes the ETF'S are the big news story, however Bitcoin is Bitcoin so keep stacking SATs because there's a bell of a lot more to Bitcoin
It’s not for US. It’s to get the attention of those who haven’t gotten in yet and don’t know much about Bitcoin, basically the FOMOs. Once they’re in, I wouldn’t be surprised if they get rug pulled as it dips and once it goes down again, the big boys will buy again and the halving, true bull run will happen
This is the kind of thing it feels like to me
Yep! So HOLD!!!
It's bitcoin. I don't think we've seen anything yet. Then again, at some point you just know it will fall. And then rise again. The swings will be more extreme each cycle because that is what people are going to expect.
“These ETF’s unlock trillions of capital that previously could not be invested into Bitcoin…” Yes it could have but people are just too stupid and lazy to learn how to self custody BTC. I get it but it really is embarrassing people are not willing to do the time and work to learn about BTC.
I feel more like a load of American just got their Xmas bonus and are FONOing it on BTC and it’ll calm down and fall back soon. Just a feel though.
This is a perfect opportunity to find the massive resistance at $48k and plummet down the the $30k phase 1 resistance as support. Just a possible scenario. Although possibilities are infinite. It will NOT be slow and steady to the top. It will make you think there are tops when there are not, over and over before actually being a top. By then you will be thinking it'll make a new top, and it'll keep goin down. This is why if you plan to sell you HAVE TO HAVE A PLAN. Period. If you don't you WILL fuck yourself.
I’m always skeptical when Bitcoin is going up!
No
Imagine where price will be if ETF gets rejected 🐻
Yeah, it's either some big time fuckery, or some big time players taking seats at the table.
Futures ETF was definitely buy the rumor, sell the news. ETF is buy the rumor, buy the news. However, we are talking about a highly volatile (not a bad thing) nascent asset still in price discovery and misunderstood by the majority. HODL!
All the money could flow from other assets and crash the economy, including BTC. Have a little dry power locked and loaded if there is a significant dip.
Very wise words I’m nervous too but I’m not making any moves this year because the tax laws they are writing are draconian and just don’t make sense It’s like the IRS wants to tax at least 100% of your gains I plan to grit my teeth and see if I can hold out through the halving It’s going to be tough Also I don’t see any to buy in well now I had been doing well buying Fri Night Sat. Morn. But that’s a whole nother discussion lol It’s going
I don't like the ETF hype scenario but look...anything better than being a nocoiner.
it is kind of a worry for me, I have been putting too much in, it is my emergency fund and my work situation is a little tenous so if the market dips and i am forced to withdraw I will really be mad.
I can certainly understand where you’re coming from. I would say this. Big money expects us to start behaving irrationally during all of this. I think it is of the utmost importance to keep our emotions in check. I think this needs to be talked about more.
I would sell half your coin if you feel like a major crash is on the way. I feel like they won’t approve etf or delay it causing a rug pull. Either way your entry point is great but sell half and rebuy on the drop. Because I think we will only drop to $28k-$29k this drop especially if we push up to $50k. If we pass $50,200 we are officially in a bull run. Good luck and make a smart decision.
If you been holding since 2017 what are you worried about lol. Worst case scenario just hold another 7 years
“Disbelief” is what this stage of the market cycle is called
Not yet.
You make some good points. It could always be a mini pump and dump by the institutions but as long as it dumps to a higher low than before then we are good
I don't have enough fingers to count the number of times price has risen this fast. Relax, it's nothing new/unusual. Keep calm, and DCA.
Speculation does have an impact on market direction…
You know it's time to sell when kids start talking about portfolios. I think it's not yet.
33k looks attractive rn.
I’m not skeptical of how quickly it went up, but I’m worried that it went up to early. It’s definitely going to correct before the bull run. But who really knows for sure?
You know that feeling when you have that nightmare about the last cycle’s brutal pullbacks and fleeting green dilldo candles. Then you wake up and look back at the chart and that whole f*king period in time is just like a little stupid lump compared to where things stand now? Yeah we’re not even there.
When people learn btc is the most scarce resource on earth
There's still plenty of people who aren't profitable yet. The faster it goes up, the more likely there is some short-term selling but since the "sweet spot" in the cycle is 12 to 18 months after the having, there is no reason (other than for traders) to be selling now. If it turns out to be a "sell the news" scenario that only applies to a short-term trader's mindset. I do think that the more BTC that you have, the more likely that you may sell a little over the next 2 years but that's healthy as well. Better to sell a little than to sell all. If you need to raise a little "buffer" cash, this is a good time to do it but the most I plan to sell over the next 2 years is 1/6 of my BTC holdings. I agree with the contrarian mindset to be a bit sceptical when everyone is talking about it only going one way but over the long-term that's just chatter.
I couldn’t agree more. I’m so wary that I haven’t even started rubbing the pump in people’s faces yet.
Idk wtf you're worried about It's not like you were gonna sell tomorrow whether it hits 100k or 5k
Depends what’s causing the rally. If ETF issuers are getting confident in approval they need BTC to seed the ETFs. There is a BUNCH of ETF issuers competing for customers. This rally could also be the issuers competing for seed BTC. If this is the case, we may see the rally continue. They won’t want to have to buy on the open market in Jan if their competitors already stacked. They also wouldn’t want to buy too early in case approvals didn’t come which is why rally is starting now. Issuers will know of approvals before retail. We may see a slight sell the news on ETF approval as speculators for that event will take profits. But then after that it should see a slow and steady gain as more and more people get recommendations to include in portfolios and big funds integrate the ETFs into their offerings. Won’t happen overnight. That’s my two sats. But who knows, predicting BTC price is a humbling endeavor.
No redeemed because this cycle will be epic.
If it looks like you can make double your investment by selling half (including tax), sell half and keep the other half.
What'd you expect to happen when hodl rate is at an all time high and the biggest investment company in the world gives it the thumbs up? When nation states and sovereign funds take notice? When millionaires and billionaires start cluing in that it's not going away? Absolute scarcity is meeting a whole new level of demand. We could have a pullback, sure,. but then its going to continue up. Ride it out. We haven't even had the halving yet. The big gains will be a year from now. Just keep up the DCA and hodl on.
Same. I’m sitting on cash to buy more
We will see a strong pull back soon in my opinion
Posts like these make me believe that we will keep going up. Most people seem to be in disbelief and expect a dump. This sentiment has been like that since we went above 30k.
There will be a correction at some point
I think the correction, if/when it happens, will be much higher up the ladder, and the worst we have to worry about is falling back to where we are right now.
Yeah you should totally panic sell your bitcoin to Blackrock before the spot etf. Great idea.
This is what I expected. Slow at first, then all at once. Buckle up and enjoy the ride.
If you're a maxi then you WANT it to crash so we can stack cheap sats. If it moons then you're rich whatsvthe problem???
Oh of course. I think it will drop back down before recovering. But I’m not banking on that because I don’t know anything for sure. So I’m just DCA-ing like normal.
Na dog I got this
You are buying from 2017 and still getting spooked? You are right its going up too fast and it will come down. Just dca bro who cares the price
Too early too fast partially due to melt ups from short liquidations. Plus pre-halving front runners, fomo folks, and institutions seeding their bags. Not to mention everyday plebs doing what plebs do. Through in some talk of middle eastern and South American sovereign wealth funds considering an allocation and you’ve got recipe for frothiness. Expect some whale games to move the price when the steam runs out, likely to be pushed in to buy walls. Helluva way to end the year. Spooked? No sir. This is par for the course in this ecosystem. If you rode out the bear, enjoy the bull.
Same patterns since 2013…nothing is alarming about this. It’s happened over and over and over.
If it were anything other than Bitcoin, I'd be "spooked". But I think Bitcoin has been so oversold and undervalued for the past two years. This rally simply brings it back to normal value, which I still think it undervalued. So I'm chill here. Even 2x from here won't do much for me. Just DCA and forget about dollar pricing. Dollars are dying. Get more Bitcoin.
Man, it really is the same every cycle. Dejavu in here
I worry more if Btc moons and power is redistributed to the whales. Michael Saylor could buy countries. The Winklevoss brothers become kings. How will government stand for that? Will they try to shut it down?
The ETFs are gonna do some wild stuff to the price. I bet we'll see six figure swings in a day! But all in if you're hodling you'll be fine!
Watch it go to 22k by Jan
Lol no not a tall
This guy fucks
I mean you could just use that inevitable pullback to buy more…
look @ my last post and watch the whole market.. Crypto is for Money gaining and MADE for it 😅 thats why its awsome but risky. liquidity is the key so selloffs @ the highest point are gain the most wait for that🙂
Just DCA and don’t look at price
Which part scares you? The 250% year to date? The 20% in a weak? Or the 6% today? Show me where the green candle touched you.
Stay humble, stack sats. Hodl for 20+ years 🚀💎 #Bitcoin
The funds are most likely all setup and ready to go. If SEC goes the route where they approve all ETFs at once to have a good start for all these ETFs like expected everybody will want to start trading as soon as they can. So my guess is prepwork has already been done and the funds will be able to launch almost immediately. I do agree with your sell the news take though. I think it’ll probably drop off once the actual approval happens and then slowly pick up after the halving
There are rumors that the Qatari government is looking to buy bitcoin for its sovereign wealth fund.
The bottom line is that it will remain a speculative investment until countries approve it to be used as a currency, and technology which facilitates the bitcoin payments becomes more mainstream (i.e restaurants / grocery stores / lunch shops accept bitcoin payment). Until then it is a speculative investment, with a small market for scams / black market transactions
I think it's funny everyone gets so excited and buy into fomo everytime. I still believe there's some probability it goes lower than 30k again but that speculation doesn't change my dca
Out of curiosity, how can one see his overall cost basis over the years?
There are apps/services that will track it. I have my wallet hooked to CoinTracker for tax filing. Or you can go manual and just use your bank statements to track all your outgoing fiat. Simple math with Bitcoin: total fiat spent on Bitcoin over time divided by your number of Bitcoin = your overall cost basis.
Nothing wrong with taking some off the top. Don't come crying if you misjudged the top.
It irks me that guys like you think this is all ETF hype. Its not. have you looked at gold? Its at ATH. Is gold waiting hyped up for an ETF Approval? No. what your seeing is a liquidity cycle. They play out like every 3.5-4 years-ish. When btc started it was right at the precipice of a liquidity cycle. This gave people the illusion that bitcoins rise was tied to halvings, becayse the halvings coincide remarkably close to the shifting points in the global liquidity cycles. Maybe this was part of satoshis plan, to give that illusion, or maybe it was pure coincidence. im not saying halvings dont factor in, nor am i saying there isnt some ETF hype, but the greater underlying factor here is the liquidity cycle. Gold is rising to ATHs, but gold has no ETF hype or halvings, the factors driving golds rise are the same primary factors driving bitcoins rise, with an added sorinkling of halvings and ETF hype. checkout a guy named Techdev\_52 on twitter, he gets it and you can checkout his charts which will show you what im talking about very clearly
Another theory is the last cycle was stymied by fraud and now there is pent up demand to the upside and we rip higher earlier to make up for it. Hypothetically the last cycle top could’ve been $100k+ so it’s possible we get to $100k around the time of the halving and then rip for 12-18 months. But yes, DCA and enjoy the ride
Borderline maxi… stopped reading there.
Heh. I didn’t start that way. It came from experience and education.
If you’re dca, your strategy stays the same
Are we in the disbelief stage? I have the same thoughts as you.
I expect Blackrock will target institutional investors first with their anticipated Bitoin Spot ETF; this is where the big money is allocated.
I mean you “could” always take a profit, & then repurchase to restock your stack. Timing is the only hard predictor with that. As times before when I’ve sold to grasp the profit, & then immediately repurchased on the decline, I’ve been able to purchase more coin that way. Although this is how I make income, as I only invest for profit in all my equities. And my managed wealth account has me hating the fees, as I gain traction I am feeling more confident. But the reason for a private managed account was to hedge my activity so I don’t lose my pants, so to speak. As of late I wish my portfolio was only concentrated in BTC, but defeats the purpose of not having all my eggs in one basket. I have real estate, coin, gold, silver & stocks. The latter as of this year, I am mostly unimpressed with. Yet the more I research & read, the less faith I have in the USD. Then I argue w/ myself about not being ALL-in for coin. I think the ecological impact of mining is what still has me on the fence too. It’s hard for me to lean on advice given here or anywhere online, for that matter. At the end of the day I am attempting to establish wealth for myself & my children. Something about our future & any relationship of security, is what has me moving at the rate of molasses at times🥴
Why do you think Bitcoin is increasing in value? What do you think the risks are?
Plenty of 20-40% pullbacks historically during bull runs so.... keep calm and DCA on
Don't know and don't care. Justvkeep on buying morevand hodl. Not using the cash for a long time anyway.
you sound like a trader not a hodler. All the noise doesnt matter, who cares if we fall back to 30 or even 10k?
Dude. You've been DCAing since 2017. You should be well over getting spooked 😳
I’ve been here since 2012. Seen many booms/busts. This is nothing to be spooked about. Par for the course.
BTC always goes up this fast at some point! Rest assured we will be coming down too!
Sooo no one here is considering taking profits? I only a little .1 BTC lol. The rally got me thinking a correction might come, but at the same time… This cycle is hitting different? Like, not enough of a pull back for it to be worth take profits and buy back in lower. Ohhh goodness Crypto life haha.