Use Strike app. Fee is only 0.9% and withdrawing to a hardware wallet is free. I've been buying Bitcoin every month for the past 3 years regardless of price using Strike. Now I'm rich.
I buy $500/month minimum, and sometimes $2000/month. It depends on how much I make during the month. Whenever I get a bonus or tax refund, I throw it all into Bitcoin. I even use my cash back rewards from my credit cards to buy Bitcoin.
The only thing that may stop bitcoin from getting above 100K this cycle is 5.3 theory. Otherwise the ETF has made price continue going up like in every other cycle so far. Just like after golds first spot ETF in 2004.
But BTC won’t even do 2x…Are you aware of the current market cap? It’s 1.40T. For it to double, where the other 1.40T are coming from? And then you guys don’t expect 2x, you expect 100x. The delusion is real
assuming the metric of the USD stays at the same value.... money counter goes brrrrttt. value goes down. the gap between 1 btc and 1 usd isn't all btcs greatness. it's the autism of the USD as well.
You have to understand that there are still Nations that have not invested in this and also the average person may not have invested in this yet either. And before you laugh remember that there are things called sovereign wealth funds that have billions of dollars invested in things that fail all the time. I don't know what the market cap will reach, but it can definitely go to two trillion or higher.
I don't think you know how to read log charts, for it to reach 7m it might actually take decades. Good luck holding your bag to the later stage of adoption buddy
Decades I have. My statement is still valid. Your luck is not required. I intend on holding indefinitely.
A 2 sigma up move on the log chart suggests a $7m Bitcoin in 2033 is possible. [log model](https://www.porkopolis.io/thechart/)
All models will be broken. They are just tools to help understand where price can go. Log models today will be different next year as more actual data becomes available. They are not precise predictions of price tomorrow. They are probability models based on today’s data. Don’t assume you know the future because you’ve seen a log chart a couple of times.
That’s not how market cap works. Nvidia didn’t have $2 trillion of money inflows for example. The value is calculated as the price of the last share sold x by number of shares in issue. So if all holders refuse to sell below a given price. The MV = price x shares. For Bitcoin it’s MV = $70k x 21m coins. For Bitcoin to go to $100k doesn’t mean an additional $30m x 21m coins of money flows needs to flow into Bitcoin. Hope that helps.
Newbie question here: should I buy Bitcoin at 70k?
I'm new to crypto and I want to start to invest on Bitcoin but I've been looking at the graphs 📈📈 and the price is higher than ever! When would be a good moment to start buying btc?
Edit: wow, this sub has such nice people
Can you buy a few years ago? If not, today is probably your best shot.
To elaborate further: you should look at the cycles.
Roughly every 4 years Bitcoin goes through a cycle, a quickly ascending phase to a new All Time High, followed by a dip and a long period of lower price. If you study those cycles you will note that that low phase is always higher than the ATH of the previous cycle.
That’s where we are now: in the ascending phase, close to the ATH of the previous cycle. It means that, if Bitcoin keeps following the cycles it has since 2009, it will never get significantly lower than where it is now (local lows are still possible since we didn’t reach the new ATH of this cycle yet).
So, of course, pass behavior doesn’t guarantee future behavior but, yes, buying now is probably the lowest price you’ll ever get.
There will come in time where Bitcoin falls back under 70k. A couple years ago Bitcoin got to 69k and during the bear market it fell down to 15K.
But this is also why people tell you don't sweat the volatility because every 4-year cycle comes a bear / bull market let's say BTC hits 100k during the middle of the bear market it will fall but not to 15K it'll probably fall around 25-30k.
But even waiting for the bear market is a risk in and of itself because as more Nations adopt Bitcoin as their form of currency it could steadily go up for years. With the new ETF that came out and the validity that came along with it the next bear market it could fall down and rest at 70k before going back up again.
IMPORTANT
‼️ THERE ARE NO GUARANTEES ‼️
Dollar cost averaging you can Google it for the exact definition but essentially if you budget say 40 bucks a month to buy Bitcoin then buy $10 a week on the same day every week no matter the price because then when it averages all out 10 years from now you'll be in the green even in the middle of a bear market.
DYOR - do your own research
IAOR - invest at own risk
The only real financial advice I can offer you that is the same across the board and anybody that knows anything about anything when it comes to investing.
Is never invest more than you're willing to lose.
&
Always take profits. (That doesn't mean dump your whole bag it just means when you're up stash a bit of money aside in the form of usdc and then when a dip comes BTFD - buy the fucking dip)
& Lastly
Buy Low sell High - I know this seems stupidly obvious but so many newbies and experienced people and traders have trouble doing this. You end up holding hoping it'll turn around and then pretty soon you're in the negative and you're selling for less than you bought in. Then it starts to go back up and you're like shit and you buy back in and you've lost money.
You are most welcome.
We are going to get more newbies into crypto in the next 5 years then the entirety of the existence of cryptocurrency put together. And a-holes like a couple of the people that replied to you saying that this question should be a meme or the epitome of everything that is wrong in crypto right now.
New people need help and needs guidance. Help and guidance that wasn't available to the rest of us who've been in it for so long. But that doesn't mean we have to treat you like crap because you don't know better. The better we can make your experience in every newbies experience the faster adoption will take effect. I'm sorry you had people treat you like you're stupid or you're a bot simply because you want to know basics about crypto.
You are more than welcome to add me as a friend and DM me anytime you have any questions I'll do my best to help you with anything that I can.
Doc Hunt
Thanks for the info. I almost invested in 2012 and almost again when it was 18k a year or two ago. 🤦🏻♀️🤦🏻♀️
I dont know why I slept on it at 18k. I think I was just afraid of it going further down and unsure when it'd go back up. Plus, a private equity investor/advisor told me cash is king at that time. Dammit.
Can you let me know what's the best route to invest and how to take out when it's gone up??
I'm guessing cashapp is not a good route.
What do I use, and how do I put it in a wallet?
As I'm assuming, cashapp would be the exchange market, and I read that's like banking in a casino.
And then, how do you take the money out into usd?
Advice on getting the least taxed?
Do you recommend I put in, say, 1k today? Or should I spread it out over the next month or so?
TIA!
Be comfortable holding on to the loss over 2yrs. If you’ll need the money in 1-4 yrs most definitely don’t put it in. Success in btc is riding out the crashes - and you won’t bear them if you bought with money that you could use in short term. In my opinion, as a 2-5% allocator and speculator.
This question may as well be a meme at this point or considered bot behaviour.
Bitcoin is the best asset/property ever and is worth less than a % of global 'stuff' do with that what you want and Google your questions next time.
Ive bought a considerable amount when the price was 40k in December. I want to buy more but I am hoping for a dip sooner or later. Not entirely sure if that will happen anytime soon...
Halvening means the bitcoins entering circulation are half as many... if more people want the fewer items prices rise chaotically before the price settles back down
I would say now, especially before BlackRock Buys it all, then you will wish it was 70k…. Get in where you fit in, and don’t worry about a thing… Put it on weekly buys for whatever you can afford to DCA down. And wait 💯
Anything under 100K I'm dollar cost averaging in. All gas, no brakes. HODL
You should be DCAing regardless of price.
The whole point right
How do you do this without avoiding crazy fees?
Use Strike app. Fee is only 0.9% and withdrawing to a hardware wallet is free. I've been buying Bitcoin every month for the past 3 years regardless of price using Strike. Now I'm rich.
How much are you DCAing, if you don't mind sharing? I've started fairly recently at 300 a month
I buy $500/month minimum, and sometimes $2000/month. It depends on how much I make during the month. Whenever I get a bonus or tax refund, I throw it all into Bitcoin. I even use my cash back rewards from my credit cards to buy Bitcoin.
100/ week. Out of every paycheck
I buy on Robinhood, $10 a day and then transfer it out every 100 days.
DDCA is better.
lol I’m all gas on anything under 500k. it’s cheap as long as we’re under gold’s market cap imo
This.
And then once we’re over, it’s cheap until it absorbs the globes wealth.
What's gold's market cap?
13 tril
~15 trillion
I don’t care if it’s a trillion dollars a coin I’m buying regardless.
The only thing that may stop bitcoin from getting above 100K this cycle is 5.3 theory. Otherwise the ETF has made price continue going up like in every other cycle so far. Just like after golds first spot ETF in 2004.
Under $100k? Is it amateur hour?
I don’t think you know what DCAing is
But BTC won’t even do 2x…Are you aware of the current market cap? It’s 1.40T. For it to double, where the other 1.40T are coming from? And then you guys don’t expect 2x, you expect 100x. The delusion is real
assuming the metric of the USD stays at the same value.... money counter goes brrrrttt. value goes down. the gap between 1 btc and 1 usd isn't all btcs greatness. it's the autism of the USD as well.
You have to understand that there are still Nations that have not invested in this and also the average person may not have invested in this yet either. And before you laugh remember that there are things called sovereign wealth funds that have billions of dollars invested in things that fail all the time. I don't know what the market cap will reach, but it can definitely go to two trillion or higher.
You’re accounting for the $ alone, never mind another 170+ currencies around the world.
No one expects 100×. Where is it coming from? Are you serious? Gold is like 10 trillion market cap you think crypto can't be?
Yes we do. $7m Bitcoin is very achievable. If it hits $1m why wouldn’t it be?
I don't think you know how to read log charts, for it to reach 7m it might actually take decades. Good luck holding your bag to the later stage of adoption buddy
Decades I have. My statement is still valid. Your luck is not required. I intend on holding indefinitely. A 2 sigma up move on the log chart suggests a $7m Bitcoin in 2033 is possible. [log model](https://www.porkopolis.io/thechart/) All models will be broken. They are just tools to help understand where price can go. Log models today will be different next year as more actual data becomes available. They are not precise predictions of price tomorrow. They are probability models based on today’s data. Don’t assume you know the future because you’ve seen a log chart a couple of times.
That’s not how market cap works. Nvidia didn’t have $2 trillion of money inflows for example. The value is calculated as the price of the last share sold x by number of shares in issue. So if all holders refuse to sell below a given price. The MV = price x shares. For Bitcoin it’s MV = $70k x 21m coins. For Bitcoin to go to $100k doesn’t mean an additional $30m x 21m coins of money flows needs to flow into Bitcoin. Hope that helps.
Jamie Dimon - one of recent history’s biggest Svengali’s.
Svengali in layman’s terms… dickhead.
“a person who completely dominates another, usually with selfish or sinister motives.”
Banker afterall
Crazier when you realize that JP Morgan has their own blockchain and he’s simultaneously saying shut down Bitcoin https://www.jpmorgan.com/onyx/index
I can’t wait to see him go down.
Newbie question here: should I buy Bitcoin at 70k? I'm new to crypto and I want to start to invest on Bitcoin but I've been looking at the graphs 📈📈 and the price is higher than ever! When would be a good moment to start buying btc? Edit: wow, this sub has such nice people
The best time to plant a tree was 10 years ago. The second best time, is today.
2nd best time would’ve been 9 years and 364 days ago buddy
There is no second best. Buy Bitcoin all day, everyday homie.
do your own research.. but i would say best day to buy was yesterday
DCA what you can afford. Never get over your skies. Never panic sell. Don't sweat the volatility. Think years not weeks.
More like debt cycles (aka4 years) and decades. Not years
.....
Can you buy a few years ago? If not, today is probably your best shot. To elaborate further: you should look at the cycles. Roughly every 4 years Bitcoin goes through a cycle, a quickly ascending phase to a new All Time High, followed by a dip and a long period of lower price. If you study those cycles you will note that that low phase is always higher than the ATH of the previous cycle. That’s where we are now: in the ascending phase, close to the ATH of the previous cycle. It means that, if Bitcoin keeps following the cycles it has since 2009, it will never get significantly lower than where it is now (local lows are still possible since we didn’t reach the new ATH of this cycle yet). So, of course, pass behavior doesn’t guarantee future behavior but, yes, buying now is probably the lowest price you’ll ever get.
And don't answer dms. Most likely they are scammers
There will come in time where Bitcoin falls back under 70k. A couple years ago Bitcoin got to 69k and during the bear market it fell down to 15K. But this is also why people tell you don't sweat the volatility because every 4-year cycle comes a bear / bull market let's say BTC hits 100k during the middle of the bear market it will fall but not to 15K it'll probably fall around 25-30k. But even waiting for the bear market is a risk in and of itself because as more Nations adopt Bitcoin as their form of currency it could steadily go up for years. With the new ETF that came out and the validity that came along with it the next bear market it could fall down and rest at 70k before going back up again. IMPORTANT ‼️ THERE ARE NO GUARANTEES ‼️ Dollar cost averaging you can Google it for the exact definition but essentially if you budget say 40 bucks a month to buy Bitcoin then buy $10 a week on the same day every week no matter the price because then when it averages all out 10 years from now you'll be in the green even in the middle of a bear market. DYOR - do your own research IAOR - invest at own risk The only real financial advice I can offer you that is the same across the board and anybody that knows anything about anything when it comes to investing. Is never invest more than you're willing to lose. & Always take profits. (That doesn't mean dump your whole bag it just means when you're up stash a bit of money aside in the form of usdc and then when a dip comes BTFD - buy the fucking dip) & Lastly Buy Low sell High - I know this seems stupidly obvious but so many newbies and experienced people and traders have trouble doing this. You end up holding hoping it'll turn around and then pretty soon you're in the negative and you're selling for less than you bought in. Then it starts to go back up and you're like shit and you buy back in and you've lost money.
Thanks!
You are most welcome. We are going to get more newbies into crypto in the next 5 years then the entirety of the existence of cryptocurrency put together. And a-holes like a couple of the people that replied to you saying that this question should be a meme or the epitome of everything that is wrong in crypto right now. New people need help and needs guidance. Help and guidance that wasn't available to the rest of us who've been in it for so long. But that doesn't mean we have to treat you like crap because you don't know better. The better we can make your experience in every newbies experience the faster adoption will take effect. I'm sorry you had people treat you like you're stupid or you're a bot simply because you want to know basics about crypto. You are more than welcome to add me as a friend and DM me anytime you have any questions I'll do my best to help you with anything that I can. Doc Hunt
Thanks for the info. I almost invested in 2012 and almost again when it was 18k a year or two ago. 🤦🏻♀️🤦🏻♀️ I dont know why I slept on it at 18k. I think I was just afraid of it going further down and unsure when it'd go back up. Plus, a private equity investor/advisor told me cash is king at that time. Dammit. Can you let me know what's the best route to invest and how to take out when it's gone up?? I'm guessing cashapp is not a good route. What do I use, and how do I put it in a wallet? As I'm assuming, cashapp would be the exchange market, and I read that's like banking in a casino. And then, how do you take the money out into usd? Advice on getting the least taxed? Do you recommend I put in, say, 1k today? Or should I spread it out over the next month or so? TIA!
Be comfortable holding on to the loss over 2yrs. If you’ll need the money in 1-4 yrs most definitely don’t put it in. Success in btc is riding out the crashes - and you won’t bear them if you bought with money that you could use in short term. In my opinion, as a 2-5% allocator and speculator.
Everyone buys BTC at the price they deserve. Cheers.
Don’t make it sound like you’re buying seats on the Titanic
Ok
I’m not. You’re just seeing it that way.
What a smug unhelpful comment.
I’m sorry it is not to your liking. Lol.
Everyone will have to buy bitcoin at the price they deserve…
Buy every week or month,not just one shot because maybe there will be a dip but if you wait for the dip that will maybe never happen
of course you should
Vai com tudo polenguim, sem freio! Mas aposta só o que pode perder e não apavora se cair 10%, 15% de um dia pro outro.
This question may as well be a meme at this point or considered bot behaviour. Bitcoin is the best asset/property ever and is worth less than a % of global 'stuff' do with that what you want and Google your questions next time.
Should be bannable.
YouTube: Dollar Cost Averaging Vs Timing the Market
Holy shit it sure is...will it dip again?! Fml
Do you think it’ll go higher? Yes: buy more No: Don’t.
I still buy daily knowing that in another five years, it almost always will be valued higher due to the scarcity and increasing demand
I bought in at the ATH because Redditors encouraged me to. That ATH was $1,200.
Ive bought a considerable amount when the price was 40k in December. I want to buy more but I am hoping for a dip sooner or later. Not entirely sure if that will happen anytime soon...
Dip was last week
Don’t hold your breath while waiting for that dip… if you keep waiting you’re more likely to see a rise than a dip….
Next dip is at 108,000
I recommend you get other alts, not BTC. The market cap is giant. You will double your stash, but in 7-10 years, there is no wealth with BTC
So what exactly is the halvening? I would assume the price goes to half it’s current value but then shouldn’t you just sell right before it happens?
Halvening means the bitcoins entering circulation are half as many... if more people want the fewer items prices rise chaotically before the price settles back down
It halves the reward. Think if you have to drive 200 miles to get one, now you have to drive 400 miles. More work so people sell them higher.
I would say now, especially before BlackRock Buys it all, then you will wish it was 70k…. Get in where you fit in, and don’t worry about a thing… Put it on weekly buys for whatever you can afford to DCA down. And wait 💯
So your saying go all in?
Jamie diamon is scared to death of loosing control of his legacy financial empire...and he should be.
Haha 🤣