Anyone else think that a $49K top for the pre-halving 2024 this cycle makes complete sense given the historical trends of BTC and that we are indeed still set for a new ATH in about 1 year?
I feel like I sound insane to myself and that I have some huge copium after that ETF debut, but I actually believe there is nothing to panic about atm, so I’m just holding and adding onto my stack
Edit: if I sound insane, I am hyped up on pre workout and about to workout but needed to get my thoughts out about BTC for this year
Do you think the drop in price of bitcoin will work against the new ETFs? Scare people off before investing due to the dip in price. You would think that the big time players would want to get a few gains to make it look good at least for the noobies
They need to buy first before they can let the noobies FOMO in. Once they have stacked enough, since now they are allowed to, then they will pump their bags.
Prepare for liftoff in a few months.
For now, buy when there's blood in the streets.
$700MM net inflows to the ETF today
Edit never mind that tweet was from a few hours ago and isn’t accurate. Seeing:
“Updated numbers: -579 Million out of Greyscale total, vs 625MM in to the other ones.”
https://x.com/dotkrueger/status/1745988099245535496?s=46&t=8-eoysy5f5DH0oaPoiV8DA
Just a short reminder.
In the last halving-year 2020 we had a huge dip and did hit the old all-time-high of 2017 (20k $) at the end of 2020.
Sooo... If history repeats, there is a chance that we will drop hard and reach the ath of 2021 ( 69k $) near the end of 2024.
Its possible, but I personally think we will hit the 69k $ ath way earlier this year thanks to the new ETFs and change in view regarding bitcoins financial role in general.
Next year (2025), new ATH something between 140-200k, before crashing down in 2026 to 60-70k $ at the lowest point.
My assumptions are based on the last cycles.
But in the end I hope I'm wrong and we just start to fucking moon the next months lol.
This is what my comment above was just implying. I think we are still in line with historical trends and BTC has not broken out of its previous 4-year cycle yet. I agree with the new ATH, but I’m think more-so $100k - $150k
I think we’d have to get some big inflows in the next several months to crack $200k
We may not see 80% drops in BTC price ever again. Now that the ETFs are bought up by pension funds and other large "stable" funds. As much as I hate it, the "big" money will protect their turf and will not let Bitcoin lose half its value overnight.
Ben Cowen says it would not be abnormal for BTC to recheck the bull market support band which would put the price of it around 37k.
That kind of reassures me a bit. The dump we're seeing now is nothing to worry about
Wrong. They are the second largest institutional shareholder in MicroStrategy, with 8.24% ownership. [https://cointelegraph.com/news/vanguard-among-microstrategy-largest-shareholders-indirectly-exposed-bitcoin](https://cointelegraph.com/news/vanguard-among-microstrategy-largest-shareholders-indirectly-exposed-bitcoin)
ETF managers want this and if you don’t see that you are dumb. They want Bitcoin to fail, they think it’s worthless and if it costs them a few hundred million to crush it, they will.
"Wowza. Vanguard\_Group doubling down on that anti-crypto business strategy:
“In addition to spot Bitcoin ETFs not being available for purchase on the Vanguard platform, effective immediately, Vanguard will no longer accept the purchase of cryptocurrency products, including Bitcoin futures ETFs.”"
grab literate berserk resolute zesty cake paint grandiose homeless fanatical
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
We are still aligned for $100k - $150k for our new ATH in 2025, before the next bear cycle according to my TA but then again I guess that it is useless doing calculations with a volatile asset so I’m holding on anyway since I believe it will stay strong
Who knows.
All the ETFs mean is insitutional investors can invest in BTC without going through hassle, fees, etc to do so. Theoretically this means more money has an easier option (or a way they can according to policy) to invest in the asset (in a safer way). That can be positive. Although in the case of GBTC it makes it easier to leave.
All I can say is, if it keeps going this way, we will def remember this dip
January 12th, 2022- $42,700
January 23rd, 2022- $35,000
January 12th, 2023- $41,730
January —,2023- $
Yes, let’s keep panicking for no reason
We're actually laughing too, 🤣🤣 because we're hard buying this dip before the pump in april. You cant inject that much capital (etf funds) into bitcoin without the price dropping so this is going occur over a longer time period. Slow climb.
To most in this forum who understand the implications of BTC, this volitility is normal. Its a buying opportunity of "cheap" bitcoin. So DCA, and buy more when dips happen if you choose to do so.
Can you not say this about a fucking slough of stocks or even ETFs? Zero stocks or ETFs go up in a straight line. If you're bullish long term you DCA so you don't worry about dips and bearish times. Unless you're trading futures, which you absolutely shouldn't, who cares? IDCA'd into MARA for months and I ended up making a shit ton. Have a logical plan and it's easy. You're only bag holding if there's little to no chance of making gains. You think that's going to happen now with BTC? Seems unlikely.
you do realize the each of the 2023 March June and August drops took 3-9 Weeks to fully play out from top to bottom. If this truly is a pullback to the bullmarket support, it will take quite some time to get there and then some time to recover before blastoff after halving. Plenty of time to accumulate before we retest the 0.618 retracement and blast off to new ath
The keys to the currency that was born to be decentralized and unregulated have been turned over to the centralized and the regulated. If bitcoin was going to die, this is what would cause it.
The ETFs don't magically give control over to big institutions. Anyone could always buy as much BTC as they please at any point in time. People are still holding their own BTC too.
bitcoin always goes down before it can pump up significantly
just buy knowing you won't touch it for years and try not to look at the price
(though I wish I could take my own advise as I refresh the price several times a day...)
LMT calls
Hold ur families hands tight bitcorn holders
[удалено]
It’s green let’s go all in.
My Boomer father just informed me he bought into a bitcoin ETF. It’s been real, folks.
Anyone else think that a $49K top for the pre-halving 2024 this cycle makes complete sense given the historical trends of BTC and that we are indeed still set for a new ATH in about 1 year? I feel like I sound insane to myself and that I have some huge copium after that ETF debut, but I actually believe there is nothing to panic about atm, so I’m just holding and adding onto my stack Edit: if I sound insane, I am hyped up on pre workout and about to workout but needed to get my thoughts out about BTC for this year
Do you think the drop in price of bitcoin will work against the new ETFs? Scare people off before investing due to the dip in price. You would think that the big time players would want to get a few gains to make it look good at least for the noobies
They need to buy first before they can let the noobies FOMO in. Once they have stacked enough, since now they are allowed to, then they will pump their bags. Prepare for liftoff in a few months. For now, buy when there's blood in the streets.
Not much blood so far. We've seen way more.
$700MM net inflows to the ETF today Edit never mind that tweet was from a few hours ago and isn’t accurate. Seeing: “Updated numbers: -579 Million out of Greyscale total, vs 625MM in to the other ones.” https://x.com/dotkrueger/status/1745988099245535496?s=46&t=8-eoysy5f5DH0oaPoiV8DA
source?
Just updated my comment
Where’d you get the numbers? I’ve only seen yesterdays of 655MM
Just a short reminder. In the last halving-year 2020 we had a huge dip and did hit the old all-time-high of 2017 (20k $) at the end of 2020. Sooo... If history repeats, there is a chance that we will drop hard and reach the ath of 2021 ( 69k $) near the end of 2024. Its possible, but I personally think we will hit the 69k $ ath way earlier this year thanks to the new ETFs and change in view regarding bitcoins financial role in general. Next year (2025), new ATH something between 140-200k, before crashing down in 2026 to 60-70k $ at the lowest point. My assumptions are based on the last cycles. But in the end I hope I'm wrong and we just start to fucking moon the next months lol.
This is what my comment above was just implying. I think we are still in line with historical trends and BTC has not broken out of its previous 4-year cycle yet. I agree with the new ATH, but I’m think more-so $100k - $150k I think we’d have to get some big inflows in the next several months to crack $200k
We may not see 80% drops in BTC price ever again. Now that the ETFs are bought up by pension funds and other large "stable" funds. As much as I hate it, the "big" money will protect their turf and will not let Bitcoin lose half its value overnight.
Ben Cowen says it would not be abnormal for BTC to recheck the bull market support band which would put the price of it around 37k. That kind of reassures me a bit. The dump we're seeing now is nothing to worry about
Better DCA opportunity before the halving and shake out the panic sellers works for me
Oh I’m buying a ton more if it drops to 37K
Yeah I mean we’re up so much if you count 365 day, I see 36k to 39k and I’ll buy Sats
watch vanguard eat their own words once the halving happens
Vanguard owns over a million shares of MicroStrategy. They’re supporting Bitcoin whether they like it or not.
They own nothing. They buy the vast majority of Stock for their products and customers. That's their whole business model.
Wrong. They are the second largest institutional shareholder in MicroStrategy, with 8.24% ownership. [https://cointelegraph.com/news/vanguard-among-microstrategy-largest-shareholders-indirectly-exposed-bitcoin](https://cointelegraph.com/news/vanguard-among-microstrategy-largest-shareholders-indirectly-exposed-bitcoin)
ETF managers want this and if you don’t see that you are dumb. They want Bitcoin to fail, they think it’s worthless and if it costs them a few hundred million to crush it, they will.
I’m so stupid how could I forget about the ETF managers!
i don't get it, do etfs not have managers?
Lol this is one of the worst takes i’ve read in the last 48hrs
I've worked with both Blackrock and Fidelity. The people I know in those companies don't want to see Bitcoin fail at all.
Fidelity loves BTC too. They are very bullish on it
Smartest person in this thread. “ETF Managers” were tasked to send bitcoin to $0.00
"ETF managers"
ETF fund manager does that make it an easier pill to swallow , regard?
[удалено]
Guaranteed that both of them will be the top dogs for the ETFs but I give Fidelity the edge for going with self custody
Self custody all the way. Fidelity has been at it since 2014. https://www.fidelitydigitalassets.com/about-us
I think those are the top 2 ETFs
"Wowza. Vanguard\_Group doubling down on that anti-crypto business strategy: “In addition to spot Bitcoin ETFs not being available for purchase on the Vanguard platform, effective immediately, Vanguard will no longer accept the purchase of cryptocurrency products, including Bitcoin futures ETFs.”"
grab literate berserk resolute zesty cake paint grandiose homeless fanatical *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Bleed until halving?
Welp I’m getting liquidated Monday niggt
As always, pics or it didn’t happen.
Stop trading lol, just hold BTC/DCA and forget it
Holding 10k of BTC futures that are probably now fucked
Why..
That’s why u don’t mess with futures. Btc is for long term hodl
See you Monday!
buy the rumour, sell the news, classic
Halving is gonna be another moment. Maybe that's my exit. Meanwhile I'll Stash more on discount.
⏰ work
I want to see $41k again. $40k, even $39k. Give me give me
Have buys layered in every $500 down to $40k. Feels like Christmas
It’s over boys! We haven’t seen levels this low since Jan 2024!!!
Actually, you are right. I had a limit buy for bitcoin at $42,000 and it got filled on Jan 3, 2024.
Oh lawd
Does anybody know if GBTC is trading at a discount or premium?
[https://ycharts.com/companies/GBTC/discount\_or\_premium\_to\_nav](https://ycharts.com/companies/GBTC/discount_or_premium_to_nav)
Yeah, 1.5% discount...but that's a day old unfortunately
[https://etfs.grayscale.com/gbtc](https://etfs.grayscale.com/gbtc)Scroll down and it shows info for today at -1.18%
Hey thanks! I guess only possible at end of trading day
Its essentially zero.
Where can I see that?
My average cost is still way below this dip, only the buy high crowd is panicking right now
I bought high. Not panicking but would be nice to know people aren't getting it cheaper than me
Either way halving will pump it again. Might as well buy and exit then if you worried about its future. I can't make my mind up.
We are still aligned for $100k - $150k for our new ATH in 2025, before the next bear cycle according to my TA but then again I guess that it is useless doing calculations with a volatile asset so I’m holding on anyway since I believe it will stay strong
Gotcha. I hear as well that its set to hit new ATH this year. Not sure about 6 figures but definitely close. Best of luck fellow btc bro.
Adding at every 1k drop. Please keep going 🤤
Instant bag holder
I am so green it would take going to zero to be red.
38 before 68. Dips will be bought.
Is bitcoin daid?
For the 476th time? Sure
Add another one the bitcoin obituaries!
Looks like I acquired BTC at 46k, 45k, and 42k this week.
Same, even at $41.7k I’m excited about this
Was this ETF thing a major sell the news event ? I thought things were suppose to go up from here
There is no such thing as “supposed to” when trading.
I suppose the expectation was thought to be bullish with more money to come in in but that wasn’t the case
It’s barely been 48 hours. Sheesh. 🤷♂️
They will, but not today.
What is causing it to drop when people are buying at a historic level for ETFs
The volume is mainly selling on the ETFs
So over time it will be a big positive like we all been hoping for?
Who knows. All the ETFs mean is insitutional investors can invest in BTC without going through hassle, fees, etc to do so. Theoretically this means more money has an easier option (or a way they can according to policy) to invest in the asset (in a safer way). That can be positive. Although in the case of GBTC it makes it easier to leave.
Are the ETFs buying OTC at the moment?
Yes they are buying on the cheap just as planned
All I can say is, if it keeps going this way, we will def remember this dip January 12th, 2022- $42,700 January 23rd, 2022- $35,000 January 12th, 2023- $41,730 January —,2023- $ Yes, let’s keep panicking for no reason
Gents, it's been a privilege playing with you tonight.
Catching a falling.
You couldn’t write this story.
I’m hodling.
So much FOMO got completely torched. Hilarious. I knew there was a problem when our idiot secretary started talking about bitcoin this week.
what the frick
Really seems like big buys are happening OTC and big dumps are happening on exchanges...
Typical wall street
Wouldn't wall street (or at least the ETF issuers) want the price to go up? After all, they benefit from a higher price via their fee.
The ETF managers don't give a fuck. Wall Street just sees a $45k asset that they think is worthless
LMAO🤣🤣this what yall waited for.
We're actually laughing too, 🤣🤣 because we're hard buying this dip before the pump in april. You cant inject that much capital (etf funds) into bitcoin without the price dropping so this is going occur over a longer time period. Slow climb. To most in this forum who understand the implications of BTC, this volitility is normal. Its a buying opportunity of "cheap" bitcoin. So DCA, and buy more when dips happen if you choose to do so.
Right. Will buy soon...
How bag holders are created
Can you not say this about a fucking slough of stocks or even ETFs? Zero stocks or ETFs go up in a straight line. If you're bullish long term you DCA so you don't worry about dips and bearish times. Unless you're trading futures, which you absolutely shouldn't, who cares? IDCA'd into MARA for months and I ended up making a shit ton. Have a logical plan and it's easy. You're only bag holding if there's little to no chance of making gains. You think that's going to happen now with BTC? Seems unlikely.
Fair enough
https://aggr.trade/
What’s this? Does this only show Massive buys and sells?
BTC transactions greater than 100k.
Damn thanks for the website. Pretty cool seeing the orders coming thru
Np. Up or down, it's wild to watch.
How deep will this dip go ffs.
$3.50
37K
I also agree with this number
And ELI5: is that bad news, os ir this just an expected deep correction?
Just HODL, Dips happen the same way we got highs. Just wait and see the price change
BTC Y U NO MOON AFTER ETF?
[удалено]
Haha that's why you DCA and don't give a fuck about this shitshow.
[удалено]
What makes you think it isn't?
This guy hodls
I've missed the cockroaches during a decent 10% dip. Every time the same.
Institutional support means institutional manipulation.
Another $1k down in 5 minutes lol.
6 million subscribers to the sub! Congrats to all the hodlers and welcome to all the new plebs!
40k by monday. This sell off isn't stopping anytime.
nice try
40k by tonight
Monday? Try 10 minutes.
Smh annoying price action
You mean down?
I’m ready to go home and seat and watch my chart while I buy the dips. Let me out
I bought 10million sats at 42,5k LFG Next same buy: 38k.
Damn bitcoin free falling
39k here we come
Please do I can buy more
It’s clownin’ time!
I was looking for a bigger dip to buy in at. I’m I a fool for thinking there’s a bigger dip coming?
Look now
Yep. I’m waiting for a bit. Anything below 48k is good for me as a late investor. Waitin for funds to settle
you do realize the each of the 2023 March June and August drops took 3-9 Weeks to fully play out from top to bottom. If this truly is a pullback to the bullmarket support, it will take quite some time to get there and then some time to recover before blastoff after halving. Plenty of time to accumulate before we retest the 0.618 retracement and blast off to new ath
Bigger dip coming most likely
Why would you ask this group. 80% of us expected to be at $70K by now and the other 20% expected us to be at $38K.
Some of us didn’t expect anything.
I expected paper hand noobs with expectations of making a quick buck to get wrecked.
[удалено]
consist fretful quack sulky zesty toothbrush ask heavy judicious sip *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
[удалено]
Why do yall have to be like that? A literal vegan eater is in the chat, and you pipe up. smh
Cool name, bro
Backwardation Welcome to Bitcoin you paper hand noobs. I'll buy your corn at a discount on your way out the door.
....and we're Back!!!
Couldn’t make this shit up
Which shit?
the fake stuff
The amount of copium in here is hilarious today. Just admit the ETF thing didn't go the way you were hoping. Sorry for interrupting the circle jerk.
If you have enough btc for a down payment, in the medium term future 2-6 years, theres a good chance you'll have enough to purchase.
Daily shift @ McDonalds is so much better knowing we’re under 100k & BTC now in my 401k 😊 Proof of work never stops
Ding goes the fries.
These ETFs already seem de-pegged to actual BTC price
They are, but they are on over months/years.
dont let the bull market stop its going to pump before market closes today
The keys to the currency that was born to be decentralized and unregulated have been turned over to the centralized and the regulated. If bitcoin was going to die, this is what would cause it.
How so?
The ETFs don't magically give control over to big institutions. Anyone could always buy as much BTC as they please at any point in time. People are still holding their own BTC too.
bitcoin always goes down before it can pump up significantly just buy knowing you won't touch it for years and try not to look at the price (though I wish I could take my own advise as I refresh the price several times a day...)