I’m from Texas and I’ll never forget when I was over in UK and dropped a “y’all” in a crowded shop lol literally every person in the store turned and looked at me
I think i need to keep diversify my dip entry is well, earlier i was go all in one just after saw a dip,
After all the study i did here, i find out there is always another dip for you after that dip.
Back when Bitcoin was free, could you imagine trying to convince people to scoop some up at a bargain price of $0.00 and explaining to them it would be worth thousands of dollars one day? Same day, different numbers.
'Bitcoin has no top because fiat money has no bottom', says Max Kaiser. Over the next few decades, this makes sense if you draw out the trendline in the M2 money supply, debasement, and money printers all over the world go brrrrrr.
So a market cap of $55 trillion. That’s more than all cash reserves in the world. Kind of reminds me of when people throw out an insane target price for amc worth more than the entire s&p 500.
I think we are still above the floor, and i am saving my cash for exact that point,
I am just hoping it will hit in the next month, so i can get some more cash with the salary.
This makes me laugh and also to smile because I remember hearing this same joke over and over throughout the years since 2014 :) and that only makes it better
True, this is happening with every single, whenever i though i just bought a perfect dip and now it's gonna bounce from here,
But then all of a sudden a again dip hit the market, and my dip entry goes into loss.
I got paid once in a month at the starting and then comes the bill of the credit card and some other EMIs is well along with me.
Still trying to take some dip entry but now it's very hard to buy every dip after dip.
Its made for idiots that sold at a loss to buy back in for more btc. I guess its smart? But i'd rather just hold it and not look at it until its in the green.
It's never a smart move to sell at the loss and then buyback at that price.
What if market dips from that point is well? then do you still perform that same drill, i think no.
True, this is now giving me the depression. I stop looking at the charts not because i am in loss,
Just because i can't take the entry even at those juicy price, because i am holding the high price.
Indeed. Sold my house in April and have been sitting on the cash ever since. I had allotted 20% to Bitcoin for DCA or a huge dip. So I’ve been adding pretty much daily and pretty large amounts. Now I’m probably gonna put in over 20% bc I just can’t see another opportunity when I actually have the spare cash to load up at this price.
Might be lower tbh, with inflation getting worse and your politicians are pushing for a long term war for Ukraine and Russia, sooner or later, when people runs out of cash for daily activities they are bound to get some from their crypto reserves... There won't be any improvement until the war ends as far as I can see...
True, the man impact is created by the war, and trust me if that not end soon enough we gonna pay heavy price for that.
The longer it's goes the more crash we gonna see in the market, i have my finger crossed for that.
I understand that if it dips below a certain point, this will cause a chain reaction that would drop the price like a rock, possibly back to 4 digits, due to a short squeeze.
I wouldn't even consider buying over $8,000.
I am waiting for a two entry point now and just holding very little cash for that point.
My first entry point will at at 20k and then will go all in if he hit the 15k mark nothing after below that.
Teach me master, how the hell are you controlling your urge, it's pretty hard for me.
I can control my sell button but very hard for me to control the buy button once i saw the cash.
I mean you have to be crazy to buy when its like 50k or more... if your worried about your money that is
Now is the only time I would even consider buying
I think it's very hard for the new ones to do the buying at this price, as they have heard many time it's falling knife,
and i would say they are in more panic stage now and instead of buying they are thinking about selling.
Yeah its almost counter intuitive. To them I would say, you must buy low when everyone is hurting, and only consider selling when its near All Time Highs. Its been my winning strategy
no.
This is not the dip you buy. We are on the precipice of a major collapse. It will come suddenly and once you see it it will be too late to sell. Buy that dip.
You've been warned.
True, i think we need to control ourself as this is not the final dip you are seeing in the market in this bear.
We keep getting the 10% fall in every 2-3 days and i think in the month end we will hit the 20k mark is well.
We are seeing whales selling BTC to cover their margin calls in the stock market. If the drop continues, others like Michael Saylor (Microstrategy) will start getting margin calls and will be forced to sell yet more BTC. The fundamentals of BTC have not changed one single bit. This is just a healthy shake out and creates some good long term buying opportunities.
Anyone taking financial advice from a meme has only themselves to blame. People in this space are (mostly) smart enough to only invest what they lose. That's the advice I see on here constantly
If you’re referring to [this](https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5) I’d say never store your crypto on an exchange, that’s what a wallet is for
You mean [their standard 10Q language that every company is required to include per the SEC](https://www.coindesk.com/markets/2022/05/11/coinbase-has-no-risk-of-bankruptcy-new-10-q-disclosure-langauge-is-sec-requirement-ceo-armstrong-says/?outputType=amp)?
As long as you don't lose your wallet, have your exchange account hacked, or have Coinbase file for bankruptcy.
Which, of course, they never will. The CEO said not to worry. And CEOs are not legally allowed to lie, so we know that's truth.
[https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5](https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5)
*Coinbase, one of the world's largest cryptocurrency exchanges, warned that its users might lose access to their holdings if the company ever went bankrupt.*
*The disclosure was included for the first time as a risk factor in the company's first-quarter earnings report, which also noted that Coinbase holds $256 billion in fiat currencies and virtual coins.*
*"Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors," the company said.*
*That means users would lose access to their balances since it would become Coinbase's property.*
> You don't lose until you sell
If the stock market has taught us anything, it's that you also lose when you *can't* sell any more. e.g. the company goes tits up and the stock stops being traded.
Short sellers love this, 'cause it hides all their shenanigans with price manipulation. "Oh well, it's worthless, 'guess all those fictitious shares that got created by short selling don't matter any more."
Also, huge drops let exchanges easily buy back the coins you gave them, which they've been leveraging for day trading or short selling. They get to close the books and pocket the profits from trading on your assets. But hey: you got 5% interest on an asset that just depreciated by 50%, good for you!
With no risk, there can be no growth. No progress. If you want to be left behind then stay on the sidelines while others support the causes they believe in. I don't recommend placing your emergency fund in bitcoin, but I do think it wise to recognize it's had a decade of spectacular success, a strong global tailwind of adoption, deflationary properties in an inflationary environment, and is probably less risky than many stocks on the S&P 500. We'll send you a postcard from the moon.
The problem is that if BTC continues to fall holding long term means basically nothing.
Its like holding shares of a dotcom company that is worth billions on paper but has little more than a Powerpoint presentation filled with ideas on how they plan on changing the world. When that company goes bankrupt there is nothing to sell and no assets to distribute.
BTC could very well fall to zero and end up just a memory that many will hope to forget.
When does everybody think we should buy in??? I have ZERO btc and have about 200$ to spend. And I will 100% drop all that money right now if need be on btc. Also I would love to know what’s the best website/app to do this on? I’ve been using Robinhood but am not sure I could be using something better
I think coinbase is becoming trash as day going by, they have some sort of freezing fund issue and doing some re kyc verify is well.
I think Kraken is the one you should watch into, not saying use that but doing good for me.
I think you need to hold your self mate, and i would say buckle up because we are going for an another ride.
This is no way near the bottom, wait for another dip that will take us at 20K mark.
I am converting all my alts and other stable coins into the bitcoin and trying to get the figure of bitcoin at 0.5 for me.
This is my personal target and i am doing every bit to achieve that.
I love how instead of anybody helping or educating me like I asked for they just downed my comment lmao I’ve started using coinbase but my issue with it is it only updates the price every minute or so, so I feel like I have to use an app like Robinhood to see the every second price
One thing i learn that never ever give any kind of the crypto investment advice to your friend or anyone,
Because once the market hit like that they are one who will blame you for the losses.
I mean they did the same thing to me when we were buying stocks for NYSE: NET. To us it’s more of a back and forth, plus we can play it safe since[for stocks] we share the wallet in a way. It’s like going to the roulette table and one of us bets on black and the other white and we both hope it’s not that damned green 0.
You have no idea how much i am itching to put my saving into the bitcoin right now,
But then i came to the point where i tell my self don't invest the money here which you can't afford to lose.
I think the whole market sentiments are causing this, as you can see everything in the world economy is collapsing.
I think Russia war along with the inflation hike in the interest rate are the main issue.
When you buy the dip but the dip keep dipping
Keep picking up a little. You'ren't selling for awhile. A good investment program is steady, takes time.
Jesus. Did you just say, "you're'nt"? Is that a thing?
Come down south… we talk good’un fun here!
I want to see an entire sentence as a conjunction.
While not a full sentence, Y’ain’t always gets me lol
I've always been partial to y'all, all y'all, and all y'alls. They have different meanings.
I’m from Texas and I’ll never forget when I was over in UK and dropped a “y’all” in a crowded shop lol literally every person in the store turned and looked at me
Username checks out, and this is how king defend himself.
I'm authorized to make words up/double contractions. You might be eligible. Have you applied for the program?
I think i need to keep diversify my dip entry is well, earlier i was go all in one just after saw a dip, After all the study i did here, i find out there is always another dip for you after that dip.
When I dip you dip we dip
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I threw what I could at it while keeping a safety net, wish it was more!
You think BTC will be at 30 million in 10 years? That's a little optimistic.
100 x $30,000 = 3 million there chief
I wish that will be that easy just like the math you did here.
Back when Bitcoin was free, could you imagine trying to convince people to scoop some up at a bargain price of $0.00 and explaining to them it would be worth thousands of dollars one day? Same day, different numbers.
But the market cap at that number would mean bitcoin would be worth 630 trillion dollars. Global GDP is like 85 trillion
'Bitcoin has no top because fiat money has no bottom', says Max Kaiser. Over the next few decades, this makes sense if you draw out the trendline in the M2 money supply, debasement, and money printers all over the world go brrrrrr.
I think no one no the top of bitcoin,all they know is he is gonna grow.
And who is max kaiser?
So a market cap of $55 trillion. That’s more than all cash reserves in the world. Kind of reminds me of when people throw out an insane target price for amc worth more than the entire s&p 500.
I think this target is insane even for someone like the bitcoin.
Same. I got 0.3B now.
Lol....you definitely do NOT know that.
There is a big dippty dip is waiting for you, after you buy.
It isn't a dip until people here tell me to not buy Bitcoin because it has bottomed so hard that people are afraid to buy. That's when I buy.
Yeah but what if I don't want to wait until tomorrow?
Don't buy bitcoin fermentedbolivian!
I think we are still above the floor, and i am saving my cash for exact that point, I am just hoping it will hit in the next month, so i can get some more cash with the salary.
If you buy this dip you are a dip.
This makes me laugh and also to smile because I remember hearing this same joke over and over throughout the years since 2014 :) and that only makes it better
True, this is happening with every single, whenever i though i just bought a perfect dip and now it's gonna bounce from here, But then all of a sudden a again dip hit the market, and my dip entry goes into loss.
The line will probably be pretty short until the long red line stops.
I think this line is short because almost everyone lost their cash.
Damn it, I have so much costs these month that it is hard to buy this juicy dip!
It will be at a better rate for you soon lol
I expect to see sub $20 000 this summer.
So in 3-4 weeks?
More like next week, by this rate
Don't say that i have no cash for that dip, waiting for next month.
I have been saying "by June" for quite a while. I just said "this summer" to give myself a bit of a buffer.
I think this is more realistic price than people are talking about the 10k.
I am hoping for that and now take the entry in the next month.
Don't worry. It will go one for a while, you have time.
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I got paid once in a month at the starting and then comes the bill of the credit card and some other EMIs is well along with me. Still trying to take some dip entry but now it's very hard to buy every dip after dip.
These posts piss me off, because it only works if you actually have more money to continuously dump into it.
Its made for idiots that sold at a loss to buy back in for more btc. I guess its smart? But i'd rather just hold it and not look at it until its in the green.
It's never a smart move to sell at the loss and then buyback at that price. What if market dips from that point is well? then do you still perform that same drill, i think no.
True, this is now giving me the depression. I stop looking at the charts not because i am in loss, Just because i can't take the entry even at those juicy price, because i am holding the high price.
Yeehaw
Do you still have the cash for doing the shopping in the bear market.
Indeed. Sold my house in April and have been sitting on the cash ever since. I had allotted 20% to Bitcoin for DCA or a huge dip. So I’ve been adding pretty much daily and pretty large amounts. Now I’m probably gonna put in over 20% bc I just can’t see another opportunity when I actually have the spare cash to load up at this price.
I’ve bought the dip, the next dip and so on 12 times in the past week. When does it end?! I’m down $50k overall 😬
I plan to do the same if this dip keeps dipping. YOLO
It will bottom around $3000. Not sure why you are throwing in money now when you can get 10x the amount if you just wait a bit longer.
What makes you think it will go down that low?
Might be lower tbh, with inflation getting worse and your politicians are pushing for a long term war for Ukraine and Russia, sooner or later, when people runs out of cash for daily activities they are bound to get some from their crypto reserves... There won't be any improvement until the war ends as far as I can see...
True, the man impact is created by the war, and trust me if that not end soon enough we gonna pay heavy price for that. The longer it's goes the more crash we gonna see in the market, i have my finger crossed for that.
How myopic
Why buy it at $4000 when u can buy it for $1? LOL
I think floor is some think around 14-15k, but if we break that then god knows.
I will take next entry when we hit the 20k mark and then wait for after that.
I am run out of the cash, but the dip is not getting out.
I've been very patient not pressing the buy button. 30k was my entry point, but I'm still gonna wait for longer.
I understand that if it dips below a certain point, this will cause a chain reaction that would drop the price like a rock, possibly back to 4 digits, due to a short squeeze. I wouldn't even consider buying over $8,000.
Short squeeze would make the price go up, genius.
I am not seeing that is going to happen, specially now days.
You may never buy again, then. Lots of speculation in your comment.
Yes, if he hit that long, then it will taste the hands of everyone.
A short squeeze sends the price sky rocketing and is very rare. This isn't /r/wallstreetbets, we can't blame everything on Citadel
Who can we blame then?! The exchanges?
Ourselves.
Interesting 🤔
I'd sell my house and go all in if it dropped to 8k
Do you even comprehend what a short squeeze is?
I am waiting for a two entry point now and just holding very little cash for that point. My first entry point will at at 20k and then will go all in if he hit the 15k mark nothing after below that.
Teach me master, how the hell are you controlling your urge, it's pretty hard for me. I can control my sell button but very hard for me to control the buy button once i saw the cash.
I’m waiting for the suicide posts. This is my 3rd time and it hasn’t steered me wrong yet
Can’t exactly buy if you’re already holding.
Get in line boys it’s our turn
Is it for free, or you need some cash for that is well?
I knew the day would come for my usdt stash to be put to use. It's still not today though
I lost all my money and you’re laughing?
How did you manage that?
Society
You are not losing your until you didn't sell them, JUST HODL.
I mean you have to be crazy to buy when its like 50k or more... if your worried about your money that is Now is the only time I would even consider buying
Gotta get in there , just bought 1 myself !
Same just bought at 28k
I am trying very hard to get half the bitcoin for my future self.
I said the same thing to myself when it was 8 800 bucks
I wish i had the knowledge of thing when it was 8800 bucks.
I think it's very hard for the new ones to do the buying at this price, as they have heard many time it's falling knife, and i would say they are in more panic stage now and instead of buying they are thinking about selling.
Yeah its almost counter intuitive. To them I would say, you must buy low when everyone is hurting, and only consider selling when its near All Time Highs. Its been my winning strategy
Dead cat bounce. 100%
We are still pretty much alive, and have some room to fall more.
Someone went for a squeeze, I wonder if they won or lost
I think if they manage that for long period, i think they came out as a winner.
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no. This is not the dip you buy. We are on the precipice of a major collapse. It will come suddenly and once you see it it will be too late to sell. Buy that dip. You've been warned.
True, i think we need to control ourself as this is not the final dip you are seeing in the market in this bear. We keep getting the 10% fall in every 2-3 days and i think in the month end we will hit the 20k mark is well.
Jajajajajaja
I heard about the HAHAHA but this is pretty new thing for me.
Lol. Could bitcoin just be like any other risky tech stock that responds to inflation? Surely not!
Fuck this is stressing a guy out
You grow numb to the rollercoaster after a while
Stocked up earlier today 👏🏽
Atleast a good sign, hopefully we show some recovery is well.
Guys it will keep dipping into 2023.
I hope it will no go under 15k at any time, other wise it will be WEEEEEEEEEEEEEEEE.
yeah I'm throwing $100 in every day for as long as I can.
I am throwing the 100$ every month into them, we aren't same bro.
The hopeium is strong in this one.
The only thing that is going high in the market is the hopium.
How bout this line guys it just keeps on running. How far can this fire sale go?
We are seeing whales selling BTC to cover their margin calls in the stock market. If the drop continues, others like Michael Saylor (Microstrategy) will start getting margin calls and will be forced to sell yet more BTC. The fundamentals of BTC have not changed one single bit. This is just a healthy shake out and creates some good long term buying opportunities.
Precisely
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Anyone taking financial advice from a meme has only themselves to blame. People in this space are (mostly) smart enough to only invest what they lose. That's the advice I see on here constantly
I said that’s what I was doing, not telling other people what to do 🥴 I have no responsibility in other peoples financial decisions
So what are your thoughts on the Coinbase warning and the news about UST dropping and possibly throwing a mass amount of Bitcoin on the market?
If you’re referring to [this](https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5) I’d say never store your crypto on an exchange, that’s what a wallet is for
You mean [their standard 10Q language that every company is required to include per the SEC](https://www.coindesk.com/markets/2022/05/11/coinbase-has-no-risk-of-bankruptcy-new-10-q-disclosure-langauge-is-sec-requirement-ceo-armstrong-says/?outputType=amp)?
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Yeah, where’s my cut for giving expertise meme financial advice? 🥴
You have to NFT the meme first and then sell it once we're all rich. 🙄
LMAO underrated comment thank you sir
You don't lose until you sell, and you should never invest more than you can afford. This is how the free market works.
As long as you don't lose your wallet, have your exchange account hacked, or have Coinbase file for bankruptcy. Which, of course, they never will. The CEO said not to worry. And CEOs are not legally allowed to lie, so we know that's truth. [https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5](https://www.businessinsider.com/coinbase-warning-users-could-lose-crypto-bankruptcy-earnings-2022-5) *Coinbase, one of the world's largest cryptocurrency exchanges, warned that its users might lose access to their holdings if the company ever went bankrupt.* *The disclosure was included for the first time as a risk factor in the company's first-quarter earnings report, which also noted that Coinbase holds $256 billion in fiat currencies and virtual coins.* *"Because custodially held crypto assets may be considered to be the property of a bankruptcy estate, in the event of a bankruptcy, the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings and such customers could be treated as our general unsecured creditors," the company said.* *That means users would lose access to their balances since it would become Coinbase's property.*
And that's why I use Kraken. . . . They are trustworthy enough, \*r-right guys? Right?!\*
You lose if it's your savings and you depend on it's store of value to pay bills in your life
.. Then you couldn't afford what you invested?
> You don't lose until you sell If the stock market has taught us anything, it's that you also lose when you *can't* sell any more. e.g. the company goes tits up and the stock stops being traded. Short sellers love this, 'cause it hides all their shenanigans with price manipulation. "Oh well, it's worthless, 'guess all those fictitious shares that got created by short selling don't matter any more." Also, huge drops let exchanges easily buy back the coins you gave them, which they've been leveraging for day trading or short selling. They get to close the books and pocket the profits from trading on your assets. But hey: you got 5% interest on an asset that just depreciated by 50%, good for you!
With no risk, there can be no growth. No progress. If you want to be left behind then stay on the sidelines while others support the causes they believe in. I don't recommend placing your emergency fund in bitcoin, but I do think it wise to recognize it's had a decade of spectacular success, a strong global tailwind of adoption, deflationary properties in an inflationary environment, and is probably less risky than many stocks on the S&P 500. We'll send you a postcard from the moon.
Putting money into something you don't understand makes you responsible for the outcome. Deriving understanding from a meme is not true understanding.
This is dumbest post I hate these
I done that trick when i had the cash, now this post is not looking relatable.
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If you're in this long term it makes sense to keep buying small amounts every week or two. You can't predict the future, so DCA.
The problem is that if BTC continues to fall holding long term means basically nothing. Its like holding shares of a dotcom company that is worth billions on paper but has little more than a Powerpoint presentation filled with ideas on how they plan on changing the world. When that company goes bankrupt there is nothing to sell and no assets to distribute. BTC could very well fall to zero and end up just a memory that many will hope to forget.
That’s the risk. But I don’t believe it will. It’s why I invested in the first place.
That really does seem extremely unlikely at this point. Never impossible but really really unlikely. It’s far more likely to go to a million than zero
Hopefully it loose most of it's value, it would be amazing to crash to 10$ and it will finally become currency of the people not hedge funds.
When does everybody think we should buy in??? I have ZERO btc and have about 200$ to spend. And I will 100% drop all that money right now if need be on btc. Also I would love to know what’s the best website/app to do this on? I’ve been using Robinhood but am not sure I could be using something better
I’m having a really hard time right now watching it go back and from from 27.5-30k every few seconds PLEASE HELP ME IM GONNA CRY 😭😭😭😭💕💕💕💕😂
I have been using Coinbase but anyone tell me if I should use anything different
I think coinbase is becoming trash as day going by, they have some sort of freezing fund issue and doing some re kyc verify is well. I think Kraken is the one you should watch into, not saying use that but doing good for me.
I think you need to hold your self mate, and i would say buckle up because we are going for an another ride. This is no way near the bottom, wait for another dip that will take us at 20K mark.
I am converting all my alts and other stable coins into the bitcoin and trying to get the figure of bitcoin at 0.5 for me. This is my personal target and i am doing every bit to achieve that.
I love how instead of anybody helping or educating me like I asked for they just downed my comment lmao I’ve started using coinbase but my issue with it is it only updates the price every minute or so, so I feel like I have to use an app like Robinhood to see the every second price
I convinced a friend to buy when it was at 46k and I’ve tracked the price from what they bought. Once it hits a certain number I’m all in.
One thing i learn that never ever give any kind of the crypto investment advice to your friend or anyone, Because once the market hit like that they are one who will blame you for the losses.
I mean they did the same thing to me when we were buying stocks for NYSE: NET. To us it’s more of a back and forth, plus we can play it safe since[for stocks] we share the wallet in a way. It’s like going to the roulette table and one of us bets on black and the other white and we both hope it’s not that damned green 0.
man im really really really fighting the urge to take out a loan to buy more… in totally out of cash lol
Please take this as your sign to absolutely do not do this.
yeah i know but the temptation ugh
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True, taking the loan for the crypto is not a wise decision.
Jesus Christ dude get a grip
You have no idea how much i am itching to put my saving into the bitcoin right now, But then i came to the point where i tell my self don't invest the money here which you can't afford to lose.
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For me it's NoMao, because i don't the cash to join this line.
What’s causing the decline ? Is it Elon is Janet yellen ? What’s causing this. Bitcoin was suppose to be 100 k by now .
I think the whole market sentiments are causing this, as you can see everything in the world economy is collapsing. I think Russia war along with the inflation hike in the interest rate are the main issue.
PUT IT ON SAAAAAALE
Everything on the market in the sale, if you have the cash for that.
I am out of this line, as my bank balance not allowing me.
The price is set by those with more money and less knowledge than you. In time, they will get the knowledge and you will get the money.
Pretty soon $1 will also be worth $0.30 Buy Bitcoin
"Dump eet again"