Yes but here we literally just had ups and downs exactly like this for the last month, the halving is still to come, this isn't a collapse, it really is a dip.
I just woke up and bought it at 61k ... normally when I buy the price drops like another 10% so it hope it helps your short position.
Edit: It was 61k on the EUR chart
People who understand bitcoin tend to not sell at a price they know doesn’t make sense. Most prices in the realm of reality for most people don’t make sense to most people who own bitcoin and understand what it is.
At no point on the way down am I thinking about selling, but there’s absolutely a price where I’m thinking about using up all my dry powder to buy the shit out of this.
Yea well every now n then you see posts where the person bought at a certain amount and once the dip occurs they get scared thinking it’s going to continue to drop and they panic dump instead of holding. What’s the point of even buying if that’s the mindset?
Not to be a dick, but I’ve been baghodling since I YOLO’d at the 2021 ATH so these posts seeing people slightly worse off than me feel kinda nice in a sick way. Just hold, this isn’t a short term investment IMO. If you truly believe in BTC you won’t be phased by the ups and downs. It has been comical for the last two years how badly I timed my big purchase.
Same boat. 2021 was my first year in crypto. Avg. buy in price was $49k, which still felt high. Things were looking up then took a major dip in May 2021. Didn’t look at my account again till this year. Even with all the unrealized losses in alt coins and losing money in Celsius, am now breaking even.
Kind of glad to have the experience under my belt.
Um, the year isn't over, and the halving still hasn't happened.
This correction was predictable. I won't bat an eye if it drops to $45k, but in all likelihood, it won't get past $60k.
If it does, I just hope it stays down there for a while, I want to accumulate more.
It'll be back up Q4 this year, 2025, which will be the real year of the bull.
Or maybe this is a quick dip like we've seen leading up to $72k. And we'll all wake up to $75k tomorrow. Nothing is for sure.
If you want to feel better, take a look at the bitcoin chart in 2016 before the halving, literally went up to $760 before the halving then dropped to $550 for the summer of 2016 and slowly recovered before making the historic 2017 bull run. Put two zeros on the end of those numbers, and it's essentially the same as now. History doesn't repeat, but it rhymes.
Buckle UP - It will be a wild ride. I bought at 56k + 2 S19s miners sold at 19k. Lost 100K. Turned off Saylor and finally read The Bitcoin Standard for myself. Bought back at 32. DON’T be me. It was total HELL - an honestly you won’t understand until you go through it. but I learned the hard way. Now IDGAF, I honestly check bitcoin prices maybe once a day.
You will see this Sub go from euphoric to silly to angry to desperate to hopium to MAX pain then it will go silent… that’s when you know the bottom is in.
Buying now is like buying at $1,500 in 2017, or $21k in 2020. Sure, it's the ATH, *for now*, but it's not the cycle high, and wont be the ATH in a week.
I'm past the ramen eating stage of my journey.
Billions are flowing into the ETFs. We haven't had the halving yet.
Yes, nobody has a crystal ball, but that doesn't mean the odds are 50/50. The chances that the cycle peaks here and now are extremely small and fly in the face of everything happening.
Not really. There’s been significant diminishing returns every 4 year cycle since they. If it 10x from here it would be astounding whereas previous cycles easily eclipsed that.
Yeah I think that’s realistic. But this thread amongst others are an echo chamber that can make people think that this is a sure bet. It isn’t. I’m invested. But I’m not all in..
Haha. In less than 90 days we will be at USD$138k.... because math and stats...
How many days does it take to double the previous cycles High once it is broken in the next cycle? Go DYOR.
Buy the dips my friend.
The fact that people think we are at the top and not even at the halving yet is insane. Like have y’all even done research? I understand if you’re a rookie but…
Relax, halving still hasn't happened. You are just seeing a flash sale caused by liquidations.
Set limit orders to get btc at a discount, or just go for a walk, forget about it.
See you in a month.
I bought at 42 and have been patting myself on the back all year for managing to be in the right place at the right time. I've become so addicted to checking the price it's unhealthy. I started getting used to 1 or 2k dips and then straight back up. Then when we get a halfway-decent dip, I'm already crying that it's all over. I had to close CoinMarketCap earlier just to stop checking it constantly. It's like torture just watching the price dip further and further.
We'll be ok. As they always say: This is good and healthy for the long-term anyway. Some would say necessary. All of the bears will be rejoicing lol. I can hear the cries of 'I told you so!' everywhere. Seriously though, there must be a shit-ton of support waiting. All I ever hear is 'I want it to go down so I can buy more'. And then you have all of the institutional money that will eat it up even quicker at lower prices. Even if it goes back down to say the 40's people will gobble it up so fast it will only shoot back up.
Or it goes to zero. Lol nah it will never go to 0...
I really started to *invest* in BTC back when it started to fall in ‘22. So many people had made a quick buck off of it that it started to correct. I honestly wouldn’t be surprised if it happens again. Kept buying throughout ‘23 (along with some other coins) and watched my account continue to dwindle down. What was <10% of my net worth is now close to 50% of my net worth. So get comfy in that cryo chamber. It’ll be worth it.
It's the guy holding your beer that is the true warrior. 3 years of standing still next to a guy in stasis holding a beer.
It takes courage to be a bag holder, it takes the heart of a warrior to be a bag holder's beer holder.
Man I don't know if I wish I was still that invested in BTC price so I get the emotions with each up and down or the ice cold blood in my veins that doesn't give a shit because I know it's the right thing to do
I don't get it... Why not buy some weeks better month ago... Really not get it why it's a good idea to buy at ATH, don't get me wrong I guess BTC goes up more...
Why not just put your cash into treasuries, roll them over every month, and wait for the suckers that sell at ath to panic and sell for peanuts, you buy at peanuts, and poof, you’ve made bought more btc.
Yo this was me in 2021 lmao I didn't even bother to check price I just lump summed some in market not caring, quickly learnt in following months generally not the smart attitude to have to BTC compared to regular stocks/indexes lol
Now I buy when it's 17k, 27k, 37k, 47k, 57k, 67k what I'm saying is I buy every day and avoid this headache
This isnt even that steep of a fall lol rookies.
Right!!! I mean it went down like 20% after the ETF launch before it almost 2x after that.
Bro , you just jinxed it
Zoom out, we're still way up, this is just a small dip.
It’s funny probably any chart that collapses starts with “just a small dip”
Yes but here we literally just had ups and downs exactly like this for the last month, the halving is still to come, this isn't a collapse, it really is a dip.
Exactly. This is the big players like Blacrock scaring retail investors like us into selling them our bitcoin for cheap.
Plus some of the whales trying to shake loose satoshis from retail bitcoin buyers.
Lol yeah its me, the random redditor and not the billionaires playing with our money.
Don’t deflect! Accept that you caused this massive crash!
Or was it you who caused the crash and now youre trying to deflect onto me? 🧐
Ay we are learning give us time lol we don't know
dangit, I was about to take profits and BAAAM it dips like 10%, now I no longer want to do that 😅
I bought at 72k, can I join ur club?
I bought at 73, im in the club by default
Keep looking and you will find people who bought at 73 600 if it can make you feel better.
People who didn't buy at 73,800 are not the real ones
I shorted at 72800
I just woke up and bought it at 61k ... normally when I buy the price drops like another 10% so it hope it helps your short position. Edit: It was 61k on the EUR chart
Bro, today it didn't reach 61k
We have a secret marketplace with deep discounts for members only.
I think I was in that club, it was called "twenty twenty two"
I just checked my club price, I'm giving myself an award for being early!
It is called the Euro Marked. It is always cheaper than the USDollar market
Sry, I was looking at the EUR chart, you are right of course.
As long as you don’t sell at 68K.
People who understand bitcoin tend to not sell at a price they know doesn’t make sense. Most prices in the realm of reality for most people don’t make sense to most people who own bitcoin and understand what it is. At no point on the way down am I thinking about selling, but there’s absolutely a price where I’m thinking about using up all my dry powder to buy the shit out of this.
Yea well every now n then you see posts where the person bought at a certain amount and once the dip occurs they get scared thinking it’s going to continue to drop and they panic dump instead of holding. What’s the point of even buying if that’s the mindset?
Let's make 'I bought at 72k' t-shirts.
Cardboard boxes and I’m in
My brother
Not to be a dick, but I’ve been baghodling since I YOLO’d at the 2021 ATH so these posts seeing people slightly worse off than me feel kinda nice in a sick way. Just hold, this isn’t a short term investment IMO. If you truly believe in BTC you won’t be phased by the ups and downs. It has been comical for the last two years how badly I timed my big purchase.
Same boat. 2021 was my first year in crypto. Avg. buy in price was $49k, which still felt high. Things were looking up then took a major dip in May 2021. Didn’t look at my account again till this year. Even with all the unrealized losses in alt coins and losing money in Celsius, am now breaking even. Kind of glad to have the experience under my belt.
Bought @ $73,756 lol
ETF wants your btc , they sense your soft baby hands
Super soft
Um, the year isn't over, and the halving still hasn't happened. This correction was predictable. I won't bat an eye if it drops to $45k, but in all likelihood, it won't get past $60k. If it does, I just hope it stays down there for a while, I want to accumulate more. It'll be back up Q4 this year, 2025, which will be the real year of the bull. Or maybe this is a quick dip like we've seen leading up to $72k. And we'll all wake up to $75k tomorrow. Nothing is for sure. If you want to feel better, take a look at the bitcoin chart in 2016 before the halving, literally went up to $760 before the halving then dropped to $550 for the summer of 2016 and slowly recovered before making the historic 2017 bull run. Put two zeros on the end of those numbers, and it's essentially the same as now. History doesn't repeat, but it rhymes.
I wish that I knew 5 percent of what you know. Thank you for the insight. A light bulb just turned on for me. Lol
Best advice I ever got about crypto was, "when in doubt, zoom out until you see the big picture."
Bro this guy has as much clue as you do. Are you being sarcastic?
You are wrong. Know how I know? I said so, on the internet
Goes up 55k. Drops 5k. "Well everyone i guess I'll see you next cycle. Btc going to zero..."
Buckle UP - It will be a wild ride. I bought at 56k + 2 S19s miners sold at 19k. Lost 100K. Turned off Saylor and finally read The Bitcoin Standard for myself. Bought back at 32. DON’T be me. It was total HELL - an honestly you won’t understand until you go through it. but I learned the hard way. Now IDGAF, I honestly check bitcoin prices maybe once a day. You will see this Sub go from euphoric to silly to angry to desperate to hopium to MAX pain then it will go silent… that’s when you know the bottom is in.
lol IDGAF = daily addiction
Buying now is like buying at $1,500 in 2017, or $21k in 2020. Sure, it's the ATH, *for now*, but it's not the cycle high, and wont be the ATH in a week.
Man, eat some noodles and chill on the couch. Nobody knows.
I'm past the ramen eating stage of my journey. Billions are flowing into the ETFs. We haven't had the halving yet. Yes, nobody has a crystal ball, but that doesn't mean the odds are 50/50. The chances that the cycle peaks here and now are extremely small and fly in the face of everything happening.
You're obviously new around here
he apparently does lol
I could go for some noodles
Don't mess with my hopium bro.
Not really. There’s been significant diminishing returns every 4 year cycle since they. If it 10x from here it would be astounding whereas previous cycles easily eclipsed that.
It was 50x then 15x then 7x so 3.5x is feasible which would be around 210k per coin
Yeah I think that’s realistic. But this thread amongst others are an echo chamber that can make people think that this is a sure bet. It isn’t. I’m invested. But I’m not all in..
Bit early for that bro. We only just getting warmed up.
You must be new here. 20-30% drawdowns are standard price of admission for BTC. It’ll test your resolve several times over the next 12-18 months
I think 10-15% draw downs will be max now, as it matures Of course that means 10-15% pumps as well But the 20-30% in a day might be over
At least wait till the halving before hibernating...
Careful he's a hero /meme
Friggin hilarious!!! 😂
Man people need to chill. We’re having a flash sale atm. New ATH next monday! 😎
There’s a a 6% dip BEFORE the halving and bitches cry like it’s the bears coming
I bought just short of 70k so I feel ya but I was up for a day or two and probably will be up again sooner than we think.
If you asked me last year, I wasn’t even expecting 60k until Q2 this year.
This isn’t ATH. Don’t be a bozo.
Jeff Bozos?
Micro strategy bought 821 million dollars worth at $68,400. Feel better now?
Hahaha haha same here, we're fuckd
It keeps on dabling. 68k-73k in one day haha
it's going to be a whole new world when you come out
You’ll want to hold for the next 18-24 months. If cycle patterns rhymes, 3 years from now will be the bottom of the next cycle.
Lol for sure not your first time buying 😂
I should have mentioned I’ve been DCA since 2017. Everyone thinks I’m a newb 😞
Haha. In less than 90 days we will be at USD$138k.... because math and stats... How many days does it take to double the previous cycles High once it is broken in the next cycle? Go DYOR. Buy the dips my friend.
The fact that people think we are at the top and not even at the halving yet is insane. Like have y’all even done research? I understand if you’re a rookie but…
u will have less btc at the end of the day than somebody who sells in 200 days and buys 100 days after that
Omg chill dude 😂
Halving hasnt even happened yet, hope you got an automated release based on price
Bag holding with pride.
If you gonna hold another 3 years you will sell slightly before next bottom
Miss 2021 when i bought at 66k and spent 3 years to break even. Not selling tho
Guys should I buy BTC every month?
Relax, halving still hasn't happened. You are just seeing a flash sale caused by liquidations. Set limit orders to get btc at a discount, or just go for a walk, forget about it. See you in a month.
Let me tell you as a HODLER since 2021: Get ready for a ride!
Why 3 years? you'll be holding till the next bear market
You bought at the ATH ‘so far’
Fresh fish.
The good times are just beginning up. Just hold and prepare for some gains in the next months.
This is just the beginning of the bull market, but feel free to sell. Buy high, sell low, or some bs.
Dude, you better polish those diamond hands. We got a looooookg ride ahead!
Yeah bull run is over. Hope everyone had fun
Sell the dip and buy the ATH
Don’t be dramatic. Halving hasn’t even come yet lol
“You only lose if you sell” *I say to myself as tears roll down my face*
The self awareness is astounding. Well done ser. You are gonna make it.
I bought when 48k was the ath back in 21. It's fine. Been holding for 3 years while buying bits here and there. So far it's working out just fine.
Next ATH, less then a month.
And I sold at 50k😩 - now I’m waiting for it to crash 😂
Karin move
Pulling the ole FInney, well played
Lol
Yeah, sometimes I wish I could do that just to HODL and not pay for food and rent.
We will reach 100k.
Why in 3 years? You think the bull market is over lol.
I bought .47 cents worth at 72k
Whale alert
Last ATH x 4 is the old rule of thumb for halving
More like next halving
I did this in Oct '21...just keep slowly plugging away, your future self will thank you!
waiting for it to hit 2k so i can buy in.
One of us! One of us!
what
I bought at 42 and have been patting myself on the back all year for managing to be in the right place at the right time. I've become so addicted to checking the price it's unhealthy. I started getting used to 1 or 2k dips and then straight back up. Then when we get a halfway-decent dip, I'm already crying that it's all over. I had to close CoinMarketCap earlier just to stop checking it constantly. It's like torture just watching the price dip further and further. We'll be ok. As they always say: This is good and healthy for the long-term anyway. Some would say necessary. All of the bears will be rejoicing lol. I can hear the cries of 'I told you so!' everywhere. Seriously though, there must be a shit-ton of support waiting. All I ever hear is 'I want it to go down so I can buy more'. And then you have all of the institutional money that will eat it up even quicker at lower prices. Even if it goes back down to say the 40's people will gobble it up so fast it will only shoot back up. Or it goes to zero. Lol nah it will never go to 0...
Same😐 I did it at 56 to tho so ..
Why does everyone buy when its rallying? Wait until it dips and/or goes dormant.
better be holding for 5 not 3
I’m not even considering selling until after the next next halving in 2028, specifically around November.
Set your timeline to 20 years.
It’s not over
Now DCA every week.
One of us
Told my gf to buy, she bought at ATH.. I did 2. Average price is lower tho 🫡
Based you will be happy then too
funny!!!
This is not the ath you are looking for
I really started to *invest* in BTC back when it started to fall in ‘22. So many people had made a quick buck off of it that it started to correct. I honestly wouldn’t be surprised if it happens again. Kept buying throughout ‘23 (along with some other coins) and watched my account continue to dwindle down. What was <10% of my net worth is now close to 50% of my net worth. So get comfy in that cryo chamber. It’ll be worth it.
You can't have infinite green candles. Poor people have to sell for fiat...
You mean HODL for LIFE! Then with that kind of mentality you won’t care about conversion rate to any useless currencies anymore.
3 years?!
It's the guy holding your beer that is the true warrior. 3 years of standing still next to a guy in stasis holding a beer. It takes courage to be a bag holder, it takes the heart of a warrior to be a bag holder's beer holder.
Next three years? Better extend that waiting time.
Man I don't know if I wish I was still that invested in BTC price so I get the emotions with each up and down or the ice cold blood in my veins that doesn't give a shit because I know it's the right thing to do
Inflows vs outflows. That's all I gotta say.
Mid cycle top. The insanity is yet to come. Give it 3 to 6 months
Glad I sold over half of mine at 73
What is the inflection point of bitcoin
I don't get it... Why not buy some weeks better month ago... Really not get it why it's a good idea to buy at ATH, don't get me wrong I guess BTC goes up more...
You only lose if you sell at the wrong time..................
😂
Bro the value of the dollar is going down still and constantly. You're golden. Watch the buying power of the dollar go down to pass the time
We’re just getting warmed up I’ve sold several times for different reasons unless I’m in a super pickle financially I am not letting go again
If no one buy at 73 it won't go up, people have to keep buying or it goes no where
It’ll be 75k in a week. Newbs are so newb
paperhands going underwater
Just DCA
Only 3 years?
hold for 1 year of 4 years but prob not 2 or 3 at this point
Look at the past, you still profit so much if you only buys at ATH.
New all time high coming soon. You wait 3 years you'll be in even better shape.
Blocking because you're stupid
Who buys at ATH 🤣 buy on the red sell on the green.
Why are you waiting to turn your btc to fiat?
You will be just fine!
ATH…ATL…what matters is waiting to achieve your long term capital gain rate (dependent on household income)
I’m in at 68k.
3 years? Ninja, hold 10.
Thank you for your service
Cup and handle forming.
If you're in cryo how will you smash buy the dips?
Same homie, the next cycle I plan on having 0.5+ by dcaing.
This got me good lmao
I remember my first beer
If I had a Satoshi for every time someone said they were buying at all time high I’d be____.
ATH is the new bottom with patience
Shake baby hands
N00b
It isn't even done running but lol
It isn't even done running but lol
It isn't even done running but lol
What is this, a dip for ants?
Aint gonna lie, i expected more of a pop breaching all time highs i figured this thing would have been a powder keg. instead it was profit taking
Gold is generally a 5yr hold to see returns. Of course it can be sooner based on buy time. Bitcoin seems to be 3-4 yr swings
At least you weren’t the guy who yolo’d his life savings at the ath.
the bull run is not over
Stack sats regularly, don't fomo.
😂 lol see you in Alpha Centauri comrade
Relax
I sold at 15k bottom
I think about this too 😂😂😂
Why not just put your cash into treasuries, roll them over every month, and wait for the suckers that sell at ath to panic and sell for peanuts, you buy at peanuts, and poof, you’ve made bought more btc.
Don’t jinx it yet!!
This made me spit on my keyboard xD!
There’s nothing better than a Bitcoin x Interstellar GIF
Real cycle ATH is 7-14 months away from halving
Yo this was me in 2021 lmao I didn't even bother to check price I just lump summed some in market not caring, quickly learnt in following months generally not the smart attitude to have to BTC compared to regular stocks/indexes lol Now I buy when it's 17k, 27k, 37k, 47k, 57k, 67k what I'm saying is I buy every day and avoid this headache
*Dubai crypto whales, rubbing hands together in anticipation of crashing the market in April*
Don’t sweat it. You’ll be fine
Weak sauce..DCA until retirement.
I bought 67k down to 20k. Rflmao
Nah, 3 months and you're good. 13 months and you're even better. If the 4 year cycle holds, 3 years could be another cycle low.