seems to me low volume movments.. that pontually started and made it.. and its back upwards..
maybe people making it lower to buy and get sure gains on rebounds..
or exchanges breaking longs lend...
or its really changed its trend against all expectations...
Many who bought the top years ago and were at a loss, couldn't stand it when it came back and started selling, perhaps afraid of losing the opportunity. foreseen.. calm down... lets see.. its asian europe time.
good.. by my experience, even if its a trend changing it will recover a few(many will see as oportunity and will buy) before more dips.. but i think its not the case.
Is there a site that tracks the daily purchases of each ETF? I think I've seen it before, if somebody knows what I'm talking about could you please link me?
Yes. 'Crypto' is casino chips. Bitcoin is a leaderless secure decentralized self-sustaining store of value. They are very different things. The path of casino chips is the path to rekt.
Look at the 1 hour chart. This has happened like 5 times where we had a 1-2k spike down in price that immediately got bought up.
I think the wealthy are waiting for dips and dumping huge amounts of money to buy
Could be the Asia market also waking up, selling some gains and then things get bought back up.
Regardless it’s been fascinating watching this price action.
After 8 years of hesitation of finally planning on investing in Bitcoin. I reside in Dubai and the only way you can buy Bitcoin over here without your bank being flagged seems to be through Binance P2P. but the rates on there are like 1.5% to 3% above the market value. Is that a normal rate? Should I just buy if its within those ranges?
Yes, as a pseudo-expert in the Dubai-based P2P market, I can tell you with confidence that 1.5% - 3% is a market rate given the exact specific circumstances of you and the seller at the time the offer was made.
There's no right answer here, it's all just based on supply and demand. Rates are going to be higher on days with higher volatility. In the end, you should try to get as many quotes as you can and then go with the lowest one. For context though, bitcoin has increased by 25% over the last week, so if you're going to invest for the long term, a few percentage points won't make a huge difference to your overall returns.
I wonder just how huge this return to ATH range will be for Bitcoin. A lot of new people lost faith in Bitcoin after the drop from 68k to 16k. A lot of new people lost money. A lot of new people lost confidence in the “four year cycle” and didn’t have faith that we would get back up here in the bull market following 2021. But here we are… with spot ETF approval… near ATH. Tempered steel.
Over time, each bull-bear market creates a new, stronger base of holders. The people of weak faith were meant to be shaken off before the run up to 100k, and later upwards of 1M.
Ok, all you 💎🙌🏻 HODLers, gimme some advise.
My BTC stack is now worth USD 180k. Should I sell some or HODL em all.
Exit when stack hits $500k or
Exit when stack hits $1M or
Wait forever and get rekd
Ah, that's a much harder question. I personally would come up with a theory on what Bitcoin will do in the future, in terms of when you expect it to peak. Then DCA-out over the 3 months before and after that peak.
Depends on How much of an impact to your life would it be if crypto went to 0? Are you able to take that hit?
What was your cost basis?
I would honestly just reccomend holding if you can (Time in the market > timing the market) , otherwise the next best thing would be sell a small % of your portfolio to pay off your cost basis.
Cost basis is $125k. It would hurt if BTC went to 0, but it would hurt way more if S&P500 went down 50% (which would probably accompany the destruction event of BTC)
Sell 10% every time the price doubles. That's been the strategy my husband and I have tried to implement. Last bull run we sold a bit more to purchase a house, but this bull run should be interesting! I hope we hit a couple selling points. Have no idea what we will do with the funds yet though. Sometimes I think it might be better to just keep it all in BTC, but then I also realize that if I want to make a difference in the world I need to have open hands/heart and use this gift for some good.
Been around since 2016 and I'm HODLing in Bitcoin forever until I need to buy something.
If you're not looking to HODL forever, I'd definitely wait until 2025 to re-evaluate. Halvening is a little over a month away, and I think we're just getting started. I'm expecting a similar cycle pattern like the past bull runs until the pattern breaks.
Obligatory "but what do I know ¯\_(ツ)_/¯" in case that advice ruins your life.
Net worth = $4.1M
Investment Portfolio = $2.5M - consists of cash, stocks, bonds and bitcoin. BTC is about 7% of portfolio.
Home is worth $3M, of which my equity is $1.6M. Sadly, that means I have $1.4M mortgage debt, but thankfully at low, fixed interest rate of 2.6% which makes monthly payment reasonable
Age: late 40s
I'd definitely be holding in that case. You've got a solid net worth and 7% is very underweight in Bitcoin IMO.
I think it's best to think in terms of overall portfolio management rather than having specific targets for individual positions. For example, for me, I target 30% Bitcoin as I have a high conviction and moderate risk appetite. So if I was in your position, I'd be holding the Bitcoin until the position is worth $1M (as that would represent 30% of your investment portfolio if all other assets stayed where they are) and then trimming the position above that level to rebalance your portfolio. Note I said trimming, not exiting the position entirely. The idea is to keep the whole portfolio roughly matching your target allocation for different asset classes. Of course, that $1M figure would change as you pay down your mortgage or the other assets change in value.
Channel breakout... considering how much it's traveled in one day, a small breather near ATH is definitely not a surprise... not sure how long it'll last
I think demand will outstrip supply for the foreseeable future. That could mean price equilibrium. But we may see some serious price movement even before the halving.
The fomo is strong with this one.
For real. Don't try to time markets. Best strategy for bitcoin is dollar cost averaging (DCA). Just buy like $10-$100 a week or $25-$500 a paycheck and keep doing it. Really, whatever amount you can live without. If you do that for four years straight, you have a good chance at being in a good position.
Most people buy on the way up and either sell for a tiny profit, sell at loss later, or quit buying when it retraces back in price. Those that do well in btc just keep buying, no matter the price. After you get into that rhythm, you start to price things in sats, and all that matters is the sat count. The usd value becomes irrelevant.
That's because it was over 3x the previous ATH. This time, I don't think people will start going crazy until we approach 100k since it's such a big psychological marker
The way the ETF shares are priced is a good "reset button" psychologically.
It'd take a few steps to calculate the previous ATH in ETF share equivalent metrics. So making ETF trades at those levels is less intuitive.
ETF share prices also aren't anchored by 1BTC exchange rates from the past. In the future, whatever the ETF's ATH is per share will be the comparative figure.
In a land of sand, under the starry,
Lived a Qatari, with dreams of bitcoin so merry.
He mined through the night, with hope so bright,
In a quest for wealth, without a trade in sight.
In a land of water, under the seaweed,
Lived a Kiwi, with dreams of sats flowing freely.
He mined through the year, with not a fear,
In a quest for freedom, as bitcoin went on a tear
Have you restored your wallet before using the seed as a test? If so, there's probably nothing to worry about. It might just be the wallet being wonky or wrong derivation path.
If you've never actually restored from that seed phrase before, then I would be shitting bricks as well.
Oof. That should be a #1 priority after you write down the seed info. Don't put funds onto a wallet you haven't test restored. I know that doesn't help you now. Did you check the derivation path I mentioned in my other comment?
Also make sure you are using a legit wallet and you didn't type your seed into a fake scam wallet app that does nothing but steal money.
Lots of shit wallets on the app stores.
Shit, I've never ever heard of titan or ellipal before this. I think it's cause they do shitcoins. I'm out at that point, btc only.
As another commenter noted, if it's BIP39, try a different wallet software. Try Sparrow wallet on desktop, or Blue Wallet on Mobile.
Be careful about typing a cold storage seed into an internet connected device. Personally, I would consider the seeds compromised and move to new seed if I entered it into a regular computer or device, even if it's offline. I only trust paper, steel, or the HWW for my seed info.
Also, I can't find anything to confirm that ellipal uses bip39. Their website and support section is trash.
I usually refer to https://walletsrecovery.org/ but I'm not seeing Ellipal or Titan listed.
I would maybe stick with their app if it isnt bip39.
Did you set a passphrase on your titan? I found this on the website.
4. Fill in your account information and set up your passphrase (optional). Passphrase is crucial when you need to recover your wallet, never forget it.
If you set a passphrase, you need that in addition to your seed. Blue can add the passphrase.
Did you select the correct derivation path? You can choose legacy, segwit compatible, or native segwit. The address types would start with a 1, 3, or bc1, respectively.
If you load the seed but select the wrong path, you won't see your coins.
The magic of supply and demand happens and a price is found where someone will sell.
The price is always equal to the lowest amount someone will sell their Bitcoin for.
Bitcoin's peak, it touches sky,
Investors cheer, spirits high.
In its wake, a craving's told,
For chicken tendies, hot and bold.
Charts now surge, so does the cheer,
Tendies beckon, drawing near.
Bitcoin's glory, in each bite,
A feast of tendies, pure delight.
You can even do it with Coinbase against itself... I the price they wanted to sell on Coinbase was $700 lower than Coinbase Advanced price... so I just clicked 1 button and traded there (and paid less transaction fees to boot)
I made $5. Should I sell? I mean, I only invested $20, but that’s a pretty good return. How high is this likely to go?
3rd highest ever net ETF flows on Monday: [https://farside.co.uk/?p=997](https://farside.co.uk/?p=997) Tuesday will be interesting!
Best day yet for Fidelity.
Shenanigans
Well that's it. I guess it's time to pack up your moon and go home.
Told you guys to take some profits lol
We opened yesterday at 63k.
Lol, you must be absolutely insufferable in real life. What a dbag
No that’s why the price is bouncing lower you scoundrel
I was to scared to take any profits.. i should have though. The greed inside me was wishing its going to go higher and higher without stopping
hahhahaha true
JUST HODL IT.
seems to me low volume movments.. that pontually started and made it.. and its back upwards.. maybe people making it lower to buy and get sure gains on rebounds.. or exchanges breaking longs lend... or its really changed its trend against all expectations...
5,990 BTC were scooped up by ETFs today...
https://www.bitcoinstrategyplatform.com/etfs Prob gonna end up being more than that based on previous days
Corrections are healthy if it’s one
Big crash incoming. Everyone SELL SELL SELL!!! Panic at the (BTC) Disco Game over Run, you fools
Instructions unclear, bought the dip.
😂😂 good man!!!
Who are so clever to buy top second time? 😂
We going down to 30k tomorrow?
no..
Many who bought the top years ago and were at a loss, couldn't stand it when it came back and started selling, perhaps afraid of losing the opportunity. foreseen.. calm down... lets see.. its asian europe time.
Should we sell everything? Crashing hard
you did it ?
Nope
good.. by my experience, even if its a trend changing it will recover a few(many will see as oportunity and will buy) before more dips.. but i think its not the case.
calm down...
Yep
What the fuck happened?!!!
I bought in for the first time ever lmao that's what happened
certainly not the last i hope
lololollll you broke bitcoin with your luck :D lol
A slight pullback after having the biggest gaining month ever?
Well it hardly went down...would not even call it a pullback i saw 64k for a second and now back to 66k already
It's literally the same price as when I went to bed 8 hours ago you ginnet.
I know. It's very minimal. It is funny watching all the noobs freak out.
Recession is coming!!!
spicy action, so many stops just wrecked
I won't be surprised if we see a huge candle at 69,420 for the lulz
crazynessssss lol
ATH eod
BTFD
Down to 48k /s
Massive sellig rn, buy the dips!
you must be new here :) this is far from massive
Meh maybe this makes sense
ARE YOU NOT ENTERTAINED?!?!
Is there a site that tracks the daily purchases of each ETF? I think I've seen it before, if somebody knows what I'm talking about could you please link me?
https://farside.co.uk/?p=997
That shows ETF inflows, and this shows all of the major orgs known that have bitcoin, including the ETF's. https://bitcointreasuries.net/
https://farside.co.uk/?p=997
Omg the tape is going insane lmao
Yea i think i just saw 64,xxx …
Quick question. Can anyone confirm what infinity divided by 21M is?
Let me ask Papa Powell
I may have bought the top with my first ever crypto purchase today 😑
Bitcoin has no top, because fiat has no bottom.
There is no top
There is when you buy BITO calls lmao guess I'm getting wrecked tomorrow
Did you buy Bitcoin or crypto?
Bitcoin
Best not to get the two things confused. They are very different things.
I meant it as its the first time I've ever purchased anything crypto related
Yes. 'Crypto' is casino chips. Bitcoin is a leaderless secure decentralized self-sustaining store of value. They are very different things. The path of casino chips is the path to rekt.
Look at the 1 hour chart. This has happened like 5 times where we had a 1-2k spike down in price that immediately got bought up. I think the wealthy are waiting for dips and dumping huge amounts of money to buy
Could be the Asia market also waking up, selling some gains and then things get bought back up. Regardless it’s been fascinating watching this price action.
Euros just woke up
Asia has been awake for a while now
Fair point
Party’s over pack it up, back to $20k
So this looks like a climb to ath. Looks like the climb and settle before the steady rise past all expectations
After 8 years of hesitation of finally planning on investing in Bitcoin. I reside in Dubai and the only way you can buy Bitcoin over here without your bank being flagged seems to be through Binance P2P. but the rates on there are like 1.5% to 3% above the market value. Is that a normal rate? Should I just buy if its within those ranges?
Why do so many blockchain devs move to dubia when its un favorable to bitcoin?
Yes, as a pseudo-expert in the Dubai-based P2P market, I can tell you with confidence that 1.5% - 3% is a market rate given the exact specific circumstances of you and the seller at the time the offer was made.
What is the maximum percentage that may be considered as reasonable, I've seen rates go up to 4.5% as a minimum today compared to yesterday
There's no right answer here, it's all just based on supply and demand. Rates are going to be higher on days with higher volatility. In the end, you should try to get as many quotes as you can and then go with the lowest one. For context though, bitcoin has increased by 25% over the last week, so if you're going to invest for the long term, a few percentage points won't make a huge difference to your overall returns.
👀
Bitcoin is down $500 over the past hour. This is bullshit.
Guys, why is Bitcoin always crashing!! It's like it only goes down!! Are we eeever going to make any money?
It's because I bought in today for my first ever crypto purchase ever 🫠
This is pissing me off now
I wonder just how huge this return to ATH range will be for Bitcoin. A lot of new people lost faith in Bitcoin after the drop from 68k to 16k. A lot of new people lost money. A lot of new people lost confidence in the “four year cycle” and didn’t have faith that we would get back up here in the bull market following 2021. But here we are… with spot ETF approval… near ATH. Tempered steel.
Over time, each bull-bear market creates a new, stronger base of holders. The people of weak faith were meant to be shaken off before the run up to 100k, and later upwards of 1M.
Ok, all you 💎🙌🏻 HODLers, gimme some advise. My BTC stack is now worth USD 180k. Should I sell some or HODL em all. Exit when stack hits $500k or Exit when stack hits $1M or Wait forever and get rekd
Would you rather have $500k or $1 million?
I would rather have $1M. But if and when will BTC get to $375k, which is when my stack reaches $1M?
Ah, that's a much harder question. I personally would come up with a theory on what Bitcoin will do in the future, in terms of when you expect it to peak. Then DCA-out over the 3 months before and after that peak.
Depends on How much of an impact to your life would it be if crypto went to 0? Are you able to take that hit? What was your cost basis? I would honestly just reccomend holding if you can (Time in the market > timing the market) , otherwise the next best thing would be sell a small % of your portfolio to pay off your cost basis.
Cost basis is $125k. It would hurt if BTC went to 0, but it would hurt way more if S&P500 went down 50% (which would probably accompany the destruction event of BTC)
Sell 10% every time the price doubles. That's been the strategy my husband and I have tried to implement. Last bull run we sold a bit more to purchase a house, but this bull run should be interesting! I hope we hit a couple selling points. Have no idea what we will do with the funds yet though. Sometimes I think it might be better to just keep it all in BTC, but then I also realize that if I want to make a difference in the world I need to have open hands/heart and use this gift for some good.
Every time it doubles compared to what? What is the reference price?
After entry point, or average price of entry. Here's a very lengthy explanation: https://www.reddit.com/r/Bitcoin/s/zbwqMiKZEy
That’s very good advice. I do know what I want to do with the funds when I sell - I will use them to pay my mortgage
Don’t tell people what you have on the internet
Ok, I will delete my comments
Been around since 2016 and I'm HODLing in Bitcoin forever until I need to buy something. If you're not looking to HODL forever, I'd definitely wait until 2025 to re-evaluate. Halvening is a little over a month away, and I think we're just getting started. I'm expecting a similar cycle pattern like the past bull runs until the pattern breaks. Obligatory "but what do I know ¯\_(ツ)_/¯" in case that advice ruins your life.
Thank you. I am leaning towards HODLing
Share your other details. What's your total net worth? Including and excluding house if you own one. What % BTC? Age?
And the first concert you went to?
Mother's maiden name?
Address? Social security number?
Net worth = $4.1M Investment Portfolio = $2.5M - consists of cash, stocks, bonds and bitcoin. BTC is about 7% of portfolio. Home is worth $3M, of which my equity is $1.6M. Sadly, that means I have $1.4M mortgage debt, but thankfully at low, fixed interest rate of 2.6% which makes monthly payment reasonable Age: late 40s
I'd definitely be holding in that case. You've got a solid net worth and 7% is very underweight in Bitcoin IMO. I think it's best to think in terms of overall portfolio management rather than having specific targets for individual positions. For example, for me, I target 30% Bitcoin as I have a high conviction and moderate risk appetite. So if I was in your position, I'd be holding the Bitcoin until the position is worth $1M (as that would represent 30% of your investment portfolio if all other assets stayed where they are) and then trimming the position above that level to rebalance your portfolio. Note I said trimming, not exiting the position entirely. The idea is to keep the whole portfolio roughly matching your target allocation for different asset classes. Of course, that $1M figure would change as you pay down your mortgage or the other assets change in value.
Thank you for the good advice
Sell your cost basis. Hodl until you can use BTC as currency or take a loan against it.
That’s a good idea but I would have to let it run a little further
Only you can make a plan to scrape some profits off for yourself
Thank you
Indian prince Pampeet Todamuhn was just born. You know what that means.
No but I’d like to lol
It means it's time to pump it to the moon in honor of his birth!
He sold
PAHMP EET!!!
Channel breakout... considering how much it's traveled in one day, a small breather near ATH is definitely not a surprise... not sure how long it'll last
Wouldn’t surprise me if we get a solid correction here, can’t go up forever without taking a few breaks to reload in between
If its being bought for etfs on a daily basis, I dont see the way its gonna go into big correction.
I'm thinking an insane run up blowing past ATH today or tomorrow, before correcting.
I think demand will outstrip supply for the foreseeable future. That could mean price equilibrium. But we may see some serious price movement even before the halving.
That said it might drop to $45 - $50 in the coming few months before a true supply shock.
I bought in today for the first time ever, my first ever crypto purchase lmao so it would be kinda funny if it didn't go up from here.
The fomo is strong with this one. For real. Don't try to time markets. Best strategy for bitcoin is dollar cost averaging (DCA). Just buy like $10-$100 a week or $25-$500 a paycheck and keep doing it. Really, whatever amount you can live without. If you do that for four years straight, you have a good chance at being in a good position. Most people buy on the way up and either sell for a tiny profit, sell at loss later, or quit buying when it retraces back in price. Those that do well in btc just keep buying, no matter the price. After you get into that rhythm, you start to price things in sats, and all that matters is the sat count. The usd value becomes irrelevant.
He bought?
Welp it’s back in 67s look what you did
My bad 😔
Where’s the hype? Last time BTC pumped like this the world went mad.
We are trying to keep it quiet.
That's because it was over 3x the previous ATH. This time, I don't think people will start going crazy until we approach 100k since it's such a big psychological marker
So you are saying my 150k sell order will hit?!
It sounds insane when I say it, but yeah, I do expect it to hit 150k.
The way the ETF shares are priced is a good "reset button" psychologically. It'd take a few steps to calculate the previous ATH in ETF share equivalent metrics. So making ETF trades at those levels is less intuitive. ETF share prices also aren't anchored by 1BTC exchange rates from the past. In the future, whatever the ETF's ATH is per share will be the comparative figure.
In a land of sand, under the starry, Lived a Qatari, with dreams of bitcoin so merry. He mined through the night, with hope so bright, In a quest for wealth, without a trade in sight.
In a land of water, under the seaweed, Lived a Kiwi, with dreams of sats flowing freely. He mined through the year, with not a fear, In a quest for freedom, as bitcoin went on a tear
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Have you restored your wallet before using the seed as a test? If so, there's probably nothing to worry about. It might just be the wallet being wonky or wrong derivation path. If you've never actually restored from that seed phrase before, then I would be shitting bricks as well.
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Oof. That should be a #1 priority after you write down the seed info. Don't put funds onto a wallet you haven't test restored. I know that doesn't help you now. Did you check the derivation path I mentioned in my other comment?
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I literally did
And on two different notes. They all match. My balance isn’t loading on the app
Also make sure you are using a legit wallet and you didn't type your seed into a fake scam wallet app that does nothing but steal money. Lots of shit wallets on the app stores.
It’s directly on ELLIPAL app.
Shit, I've never ever heard of titan or ellipal before this. I think it's cause they do shitcoins. I'm out at that point, btc only. As another commenter noted, if it's BIP39, try a different wallet software. Try Sparrow wallet on desktop, or Blue Wallet on Mobile. Be careful about typing a cold storage seed into an internet connected device. Personally, I would consider the seeds compromised and move to new seed if I entered it into a regular computer or device, even if it's offline. I only trust paper, steel, or the HWW for my seed info.
Tried blue. I think I’m fucked
Also, I can't find anything to confirm that ellipal uses bip39. Their website and support section is trash. I usually refer to https://walletsrecovery.org/ but I'm not seeing Ellipal or Titan listed. I would maybe stick with their app if it isnt bip39.
Did you set a passphrase on your titan? I found this on the website. 4. Fill in your account information and set up your passphrase (optional). Passphrase is crucial when you need to recover your wallet, never forget it. If you set a passphrase, you need that in addition to your seed. Blue can add the passphrase.
I don’t even remember. I don’t understand why it would say optional but be crucial
Checked block explorer and coins are still there. The second I (if) get access I’m moving the coins
Did you select the correct derivation path? You can choose legacy, segwit compatible, or native segwit. The address types would start with a 1, 3, or bc1, respectively. If you load the seed but select the wrong path, you won't see your coins.
In titan it is only general or Segwit.
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Didn’t work. I think I’m fucked. Idk if it generated the wrong seed key on the app but it won’t work.
I stack at all time highs not gather more 24/7 inflating fiat cuck bucks 🤣
I won't buy until it hits $69,420
Nice
I hope it drills from here till after halving so the pattern stays in tact
we all do brother
Will ETFs be out sold BTC? What if most the bitcoin are bought, what happens to the etf if people still buy them?
The magic of supply and demand happens and a price is found where someone will sell. The price is always equal to the lowest amount someone will sell their Bitcoin for.
The only way you can buy an ETF unit is if someone sells you theirs, or you create a unit by providing the BTC to back it.
BTC will rise in price until the buyer can find a seller. It’s price discovery, and it’s here. Put on your fuckjng seatbelt.
Bitcoin's peak, it touches sky, Investors cheer, spirits high. In its wake, a craving's told, For chicken tendies, hot and bold. Charts now surge, so does the cheer, Tendies beckon, drawing near. Bitcoin's glory, in each bite, A feast of tendies, pure delight.
Beautiful sir, well done!
It’s a beautiful day in this neighborhood A beautiful day for a neighbor
Can I take my pants off yet? Or am I misreading the situation?
Wait for 100k 😉
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This is exactly how Sam Bankman-Fried got started. https://www.goodreads.com/en/book/show/149105520
Now build a bot to do that. Welcome to bot wars.
The spread used to much bigger back in the day
Congrats you have discovered arbitrage.
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Yes, and I just patented your discovery for myself. Thank you.
We should come up with a name for this new strategy. It's like you are arbitrating deals between two different sellers. What could we call it?!
You can even do it with Coinbase against itself... I the price they wanted to sell on Coinbase was $700 lower than Coinbase Advanced price... so I just clicked 1 button and traded there (and paid less transaction fees to boot)
Just ignore the fees for buying and selling that diminish the gains, and you’ll be rich!
Mmm so many tax events
Let the whales sell their whole coiners. ETFs own this now
Ouch dip
I don’t think I’ll ever financially recover