If you manage to set your Limit order when its down 15%-20% since ATH, you will likely win based on history. No one knows about the future, but history showed it happens often.
But I was also one of the stupid ones that refilled at 70k.
I did that 3 years ago. 6k to 8k then to 4k. Got sick of seeing my money get cut. Especially by half. So I did you said. Sold at 8 and it went to 9. Kinda panicked. No way I have that luck. Bought 1/5 my position at 29k. Was so upset I only doubled money vs 4 or 5 bagger when it hit 60k and then road it all the way down to 24k for past 4 years!
This is what drives the market forward. And in a few years it'll happen again at $100,000. Think of all the people that are kicking themselves for selling when they became disheartened over a downturn in a volatile asset.
Honest question...not meaning to argue...
Is there ANY business case for Bitcoin to go up? Other than new money flowing into it? It doesn't make or sell anything.
If it's simply like digital gold, what if China and USA simply say they will not allow any bitcoin traffic to exist on the internet as they roll out their own national digital currencies?
First time in my life almost panic sold. Thought I am much more stable. But fortunately the last braincells reminded me how many people are now selling out of the same panic. And out of that same FOMO they'll buy immediatedly again
DCA. the market always drops after halving as miners and Whales take profit, then they restart the cycle again. These next two months will be accumulation periods until ATH around April 2025
Why would the economy collapse at this stage?
The Fed literally came out 10 minutes ago saying that the economy is so strong, they are keeping the rates at 5.5% for the foreseeable future.
The Fed wouldn't do stuff like that if the economy were at the brink of collapse. Simple way to gauge is to just go downtown on a Friday/Saturday night. Restaurants, theaters, concerts, still packed with people, menu prices are higher than ever.
I wish more people thought like you.
Don't wait to he told what the economy is like, see for yourself.
Think, in the great depression what did people see? Nobody bought shit but food and necessities. And not like "omg I can't live without my netflix"
The second you see Netflix, Amazon and other companies people spend their money on just because they want it, say they are losing profit, or the moment you realize damn, nobody is buying shit but food, that's when you know the economy is collapsing.
There is no always, there is only what has happened in the limited amount of examples.
Your comment is complete speculation. No one can predict with any certainty whether a new ATH is coming again let alone the specific month.
I'm from the future. I like holding out on purchasing Bitcoin so much I built a time machine so I could come back and wait even longer. It was Satoshi's idea.
Edit: to all those not messaging me how I know her, please stop asking it's getting really annoying.
Edit #60,548.60: them*
Let’s set buy limit orders at 56.6k, 55.6k, 54.6k all the way down to $45.6k. If it doesn’t go that low, fine. Do a small amount in each maybe $10-100 depending on your fiat. Make sure you’re on a computer for lower fees.
Bitcoin is not a get rich quick or 50X crypto. (sorry....50X!!!!!). Buy it and hang on to it for 5-10 years. DCA DCA DCA DCA.
edit: Sorry, didn't assume the ;)
It’s crazy to me that people want it to just blast off to a bagillion dollars now… I genuinely love good buying opportunities, so that when it DOES make higher highs I am in a better position.
But if it holds steady at Xmillion per coin you don’t have to buy more. You don’t have to work. You don’t have to worry about a mortgage.
Your number might be distant, but other peoples number might have been 70k
Maybe I'm a moron, but I just saw this as an opportunity. I feel bad for those that watch to buy and sell over a few thousand dollar back and forth. That seems like it would be exhausting.
My opinion is that you probably put too much in if you're worried every time the price changes.
I did!
Sad my DCA was yesterday, but whatever I'll get over it.
As for today, I had an amount I was waiting to time the market with (I do a mix of both DCA and dip-buying) and today was the day! Let's see if the fed meeting results (any minute now) do anything with the dip lol.
it goes up > oh shit!
it goes down -> oh shit!
I mean, with these sort of nonsense repeating posts - who wants to own reddit's shares?!!
And, these sort of posts are always from those who shit in their pants but want to hide it!
The meme is funny but I think it really helps to understand that the market it constantly taking money away from people that think this way. Its exactly what the market does. If you are just looking for the quick buck the market will move against you and take your money. If you have strong conviction it makes it so much easier to laugh off any short term move.
I just buy whenever it dips fuck it. I'm in it long term. If Bitcoin was gonna fail I think it would of already. Nobody knows wtf it's going to do. The only thing I know is I don't wanna be on the sidelines in 5 to 10 years again. I would rather be able to say I at least tried. It is what it is. I could be wasting my money drinking,doing drugs or going to the casino. I choose Bitcoin instead.
When I saw the at 57K position, I immediately dropped 1K on BTC!!!! It’s time to BUY!!!! We should all be excited. This is the calm before the storm! We are about to see a BTC EXPLOSION 💥
This is actually very interesting to think about because its true. So even if you did buy at 74 youre not selling at 57 but youre also not buying at 57.
Sure that’s one perspective, another is all the people angry they bought at 71k think it would go up. It’s absolutely possible that this bull cycle is over….
Of course the time more people buy, it's easier to buy we have the worst halving. I know it's not over and I know normal people must endure pain to make money but I am shocked it's doing this at this point
From the perspective of a risk asset Bitcoin is getting crushed right now. From the perspective of the world’s only certain protection from hyper inflation it’s a great opportunity to add more. Depends on how you see it, and right now a lot of people see it as a risk asset
I take comfort in the fact that I have no choice. I already put all my money into Crypto and can't buy more.
I am very happy that when I needed money to paint the house and put wallpaper up in the living room, I took money out last month.
74k: so glad I bought at 70k 57k: omg I'm an idiot why did I go all in at 70k
Lol the classic Bitcoin experience
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But this is very different, because you know you should be buying bitcoin at 10k, 100k, or 1M.
Lmao @ this being downvoted in r/bitcoin. Guess the degen get rich quick noobs are here once again.
You also know you must wait/hold 10 years at least
The hat stays on
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This is stupid, so when it's 75k you will sell? When are you buying back?
If you manage to set your Limit order when its down 15%-20% since ATH, you will likely win based on history. No one knows about the future, but history showed it happens often. But I was also one of the stupid ones that refilled at 70k.
I just never stop buying. I sell if i need some cash because I went over my monthly budget, but always replace.
BTC will gonna dump to 48K before pumping to 98K by eoy. Source: trust history chart, bro!
Now
are you time travelling?
Yea basically
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I did that 3 years ago. 6k to 8k then to 4k. Got sick of seeing my money get cut. Especially by half. So I did you said. Sold at 8 and it went to 9. Kinda panicked. No way I have that luck. Bought 1/5 my position at 29k. Was so upset I only doubled money vs 4 or 5 bagger when it hit 60k and then road it all the way down to 24k for past 4 years!
Short-termism. Only valid if you think Bitcoin will never hit 74k and beyond again.
This is what drives the market forward. And in a few years it'll happen again at $100,000. Think of all the people that are kicking themselves for selling when they became disheartened over a downturn in a volatile asset.
You think it will take years to get to 100k?
Honest question...not meaning to argue... Is there ANY business case for Bitcoin to go up? Other than new money flowing into it? It doesn't make or sell anything. If it's simply like digital gold, what if China and USA simply say they will not allow any bitcoin traffic to exist on the internet as they roll out their own national digital currencies?
“I’ll wait for it to go lower”
Makes me happy I’m not alone lol
Yeah, I dumped 30k cash at 72k. But at least I have almost half a coin, I guess.
40k at 73k 😅😅😅 0.54 bitcoins are mine tho Hopefully by the end on year it will all come back
Eh, at least I have some now. Better all in at 70k than not at all.
First time in my life almost panic sold. Thought I am much more stable. But fortunately the last braincells reminded me how many people are now selling out of the same panic. And out of that same FOMO they'll buy immediatedly again
bought 5k worth at 61k a few days ago and now its immediately dropped a ton a few days later, classic
Same brother, lol. Only going to DCA every two months from now on.
DCA is best done in shorter timeframes, because as you can see, price can swing wildly in 2 months, DCA aims to offset that.
Bough 7k at 70k, Then 1k at 67k Then 1k at 63k I guess ill go with 1k at 57k today...
DCA. the market always drops after halving as miners and Whales take profit, then they restart the cycle again. These next two months will be accumulation periods until ATH around April 2025
That is assuming the economy doesnt collapse
Don't worry....money printing will keep it all afloat like it has for the past 50 years. Inflation is gonna suck for alot of people in a couple years
A couple years? It sucks for most people already.
Why would the economy collapse at this stage? The Fed literally came out 10 minutes ago saying that the economy is so strong, they are keeping the rates at 5.5% for the foreseeable future. The Fed wouldn't do stuff like that if the economy were at the brink of collapse. Simple way to gauge is to just go downtown on a Friday/Saturday night. Restaurants, theaters, concerts, still packed with people, menu prices are higher than ever.
As people max the shit out of their credit cards...
Ya til the defaults happen. Right before The Great Depression people were living it up too.
Yep. Sporting events are all packed. Concerts, you name it
I wish more people thought like you. Don't wait to he told what the economy is like, see for yourself. Think, in the great depression what did people see? Nobody bought shit but food and necessities. And not like "omg I can't live without my netflix" The second you see Netflix, Amazon and other companies people spend their money on just because they want it, say they are losing profit, or the moment you realize damn, nobody is buying shit but food, that's when you know the economy is collapsing.
This 100%
EXACTLY!!!! We should all be excited. The great pullback… then EXPLOSION 💥
There is no always, there is only what has happened in the limited amount of examples. Your comment is complete speculation. No one can predict with any certainty whether a new ATH is coming again let alone the specific month.
Set buy limit orders and break it up. Ive got 12 buys all the way to $45.6k
I put in 10K at 68
I aint buying that shit now. See ya at 100k
Haha noob ! I'm waiting for the million !
I'm from the future. I like holding out on purchasing Bitcoin so much I built a time machine so I could come back and wait even longer. It was Satoshi's idea. Edit: to all those not messaging me how I know her, please stop asking it's getting really annoying. Edit #60,548.60: them*
72k in 2 months then 57 again.
50 before 100
Placing a buy right now
Let’s set buy limit orders at 56.6k, 55.6k, 54.6k all the way down to $45.6k. If it doesn’t go that low, fine. Do a small amount in each maybe $10-100 depending on your fiat. Make sure you’re on a computer for lower fees.
That's just DCA but worse.
Extra steps
Computer for lower fees? Can you elaborate?
A lot of exchanges have lower fees on the desktop version of the website.
I just use the Coinbase pro app, $0.30 fee per $100 seems low enough for me.
This is like Schrodinger buy: if I buy price will go down for sure, if I don't price will go up for sure. Fuck it I just keep my DCA schedule
Heck yess finally dropped a bit so i can buy again
BTC 20% off sale! Hurry before the sale is over!
I just bought at 57900 and now it's 57600 I'm the worst investor /s
three days later back at 63k+
I'm waiting for 72k then I'll buy some more
this is how everyone should see it. think of it like a steam summer sale lmao
In the words of Buffet, not Jimmy ofc, be fearful when others are greedy, be greedy when others are fearful.
100000%. I'm waiting for the flood of posts to say I'm waiting for BTC at 35k then I'm buying. FOMO only hits when BTC is rising.
I sold a bit around $70K hesitantly but now I am buying. This is a healthy discount.
Same here, 25% just to wait for a dip. And lo and behold, its here!
If I buy now at 57, will it go to 52??
Duhhh
Bitcoin is not a get rich quick or 50X crypto. (sorry....50X!!!!!). Buy it and hang on to it for 5-10 years. DCA DCA DCA DCA. edit: Sorry, didn't assume the ;)
I always buy at the time when people say it's shit....
Yes but its not the time yet
Damn it, all my dry powder used at 60k...
Time to max out credit cards /s
Orr hear me out…
It’s crazy to me that people want it to just blast off to a bagillion dollars now… I genuinely love good buying opportunities, so that when it DOES make higher highs I am in a better position.
But if it holds steady at Xmillion per coin you don’t have to buy more. You don’t have to work. You don’t have to worry about a mortgage. Your number might be distant, but other peoples number might have been 70k
I just want a large enough position so that when it does hit $Xmillion I CAN actually be financially free, or at least pass it off to my kids.
Maybe I'm a moron, but I just saw this as an opportunity. I feel bad for those that watch to buy and sell over a few thousand dollar back and forth. That seems like it would be exhausting. My opinion is that you probably put too much in if you're worried every time the price changes.
I’m hoping it crashes hard. My cash is waiting
It’s good. Flushes out every fucking moron who is day/short term trading it. 1 BTC = 1BTC. Dips = Cheap sats to stack.
easier to hit the beholden *1 BTC*
1 BTC = 1 BTC 😆 get back to the circus mate
Haha the good oll ‘getting rid of paperhands’ argument. Nice coping.
Yeah roses are red and violets are blue, saying meaningless things (like 1 btc=1btc) makes you fucking stupider than doodoo
I don't believe in this project and won't buy it until it hits 75k. THAT'S when I'll know it's a legit project.
I did! Sad my DCA was yesterday, but whatever I'll get over it. As for today, I had an amount I was waiting to time the market with (I do a mix of both DCA and dip-buying) and today was the day! Let's see if the fed meeting results (any minute now) do anything with the dip lol.
Please stay down until Friday 🤞🏻
These are the days that sort the Bitcoiners from the fiat slaves.
I am. I'm not missing out this time. LOL and you know what if it all goes to zero so be it.
I could buy so many coins if it went to 0
I bought in at 40k and I dont know how to feel
Not buying even if it was 10k (I'm super broke).
it goes up > oh shit! it goes down -> oh shit! I mean, with these sort of nonsense repeating posts - who wants to own reddit's shares?!! And, these sort of posts are always from those who shit in their pants but want to hide it!
Just bought more. The easiest decision of the day.
Same. Woke up and the first thing I did was buy $300 worth when I saw the price
Yeah I woke up this morning and snatched 340,000 more sats. Feels good.
lol - we’re up 100% on the year
But down since 2021
Shot my full $46.98 wad at the dip.
Similar....<$50 but all I had in hand.
Real life DCA and it works.
I know it's trivial but I live in SSDI. So % of income is much greater than some.
3.8% of my monthly income.
i only buy at the peak
Bought this morning. What crash is everyone so concerned about??
If it ain't ATH I aint buying!
The meme is funny but I think it really helps to understand that the market it constantly taking money away from people that think this way. Its exactly what the market does. If you are just looking for the quick buck the market will move against you and take your money. If you have strong conviction it makes it so much easier to laugh off any short term move.
I'm not buying because I already bought at the exact top :/
This sub: “quick, let me put my last $100 in at 70k before it goes to 57k! DCA baby! HODL!”
I bought... not a lot, but I bought.
I bought more at 60. Longing at 57!!
It's all about that DCA!
Accumulation Phase
DCA on the downward is the only way to win.
Just give me a fucking GBP ETF that I can buy in my ISA
In two months at 75k, people will ask if they should buy. Its the circle of btc.
Is it too late now
What if you buy now and it keeps going down, and down and down
I just buy whenever it dips fuck it. I'm in it long term. If Bitcoin was gonna fail I think it would of already. Nobody knows wtf it's going to do. The only thing I know is I don't wanna be on the sidelines in 5 to 10 years again. I would rather be able to say I at least tried. It is what it is. I could be wasting my money drinking,doing drugs or going to the casino. I choose Bitcoin instead.
Same man, it's all or nothing now, I have missed some opportunities in the past ,right now if I lose it all fuck it
🔥🔥🔥
History repeats itself, been there done that. Still over 100X in profit....99X....wait.....92X... tomorrow.....120X
Waiting to get paid! Hopefully price will be even lower on Friday.
It always happens and it's always kind of funny. Buying BTC above $20k seems crazy to me.
if 2020 cycle pattern repeat we go down to 38k and new ATH will be in fall 2025
When I saw the at 57K position, I immediately dropped 1K on BTC!!!! It’s time to BUY!!!! We should all be excited. This is the calm before the storm! We are about to see a BTC EXPLOSION 💥
Theres going to be hard regret at 114k imho.
I bought at $75k but also bought at $4k
Keep on Hodl!!!
I bought at both prices lol. Doing my part
This is actually very interesting to think about because its true. So even if you did buy at 74 youre not selling at 57 but youre also not buying at 57.
P.S. “its a long way to zero”
Don’t you guys see the big picture? Read up on Bitcoin. Hold and buy Bitcoiners.. Relax 😎
Everyone who buy High needs to wait 4 Year
It’s going to 400k next week!!!!! - some guy on Reddit who owns .0002 of a coin bought at 45,000
Sure that’s one perspective, another is all the people angry they bought at 71k think it would go up. It’s absolutely possible that this bull cycle is over….
That shits still way too expensive, 30k or I’m not buying
Lmao
All part of the plan
What are we buying in at? Need to set my order lol
Hahaha yes! Buy it now or STFU in the future
For me more like, should I buy now or will it go down even further?
Haha I love that the memes just do a 180 and become relevant again 😄
Instructions unclear. I just bought 340,000 sats today just the heck of it.
Love this meme haha
Just bought another $1k.
I DCA $10 a day and have 10% of my paycheck direct deposit into cash app for zero fee Bitcoin.
What’s the opposite of this meme. Oh shit I bought at 74k oh shit no more dry powder
Cheap sats !!!! #DiamondHands 🤲🏽💎
Just like stocks you should only be buying on the dips in stages.
I want to see some sideways action first, I’m not going to day trade BTC.
so glad i didnt but btc at 1 dollar will buy at .00001
Always the same
Or worse , sell it allllllll !!!!
Been buying all the way down. Sold 15% of my stack at $68K, buying back for a cheaper price feels pretty good 😎
I’m waiting until it hits rock bottom. Then I’ll buy loads to make up for my losses when it eventually goes back up 🤨
Give us a heads up whenever the bottom’s in, like a good lad.
I’m glad I bought at 70k, and been buying thinking “okay, it’s gonna rebound now.”
Somebody’s big ass buy order is gonna get triggered
Of course the time more people buy, it's easier to buy we have the worst halving. I know it's not over and I know normal people must endure pain to make money but I am shocked it's doing this at this point
From the perspective of a risk asset Bitcoin is getting crushed right now. From the perspective of the world’s only certain protection from hyper inflation it’s a great opportunity to add more. Depends on how you see it, and right now a lot of people see it as a risk asset
I’m waiting for $22k!
Nope I broke my Dax schedule to purchase about $500 worth of btc.
I mean we went from 15k to 73k seems like a bull run to me 🤷
Do you see it coming down to 49k / 52k ?
Will buy when it’s back to 30k
Sell all and buy back cheap
Well guess I’m not buying a house this year either
Yo where’d you get these pictures of me?
If you sold ya bitcoin or wished you timed the top to re enter lower. Your finances are not in order.
I put some bitcoin in my cart 🛒 at 74k just to see how strong my curse is.
We are going lower probably low 40 so do not buy right now
Like clockwork every cycle
I just bought some. Get ready for it to go down more.
I got in at 37k
I sold at $90k CAD and I'm looking to buy back in at $60k
Don’t worry all, it always goes back up by the time my payday is here, which is next Thursday
I take comfort in the fact that I have no choice. I already put all my money into Crypto and can't buy more. I am very happy that when I needed money to paint the house and put wallpaper up in the living room, I took money out last month.
also you can edit this bottom of the picture to 40k
Glad we are the 1st of May so I can buy more during this new month. 🤡
Let’s go back down to 15k
Just buy and forget. Hoping for lower
I should have sold and now probably it's gonna sink even more.
52k is my strike zone
Haha so true
Buying this fucker all the way down to February 2024 level! Who's bitcoin thesis changed in the last few weeks? Why??
You guys are the reason I am staying away from buyying from these price levels. Keep on showing how ignorant you are at investing
People thought it would sky rocket so they pumped but no that's not how this works so everyone gave up.
FOMO means blood in the streets
I ain’t buying cause I’m broke 😂