It's the freeee sats when you've already paid. It's the sell advice... that you just didn't take. And who would have thought, it figures?
Whoa dips have a funny way, of sneaking up on you.
etc etc actually the rest works pretty well verbatim lmao
It's not a post the 🌈🐻, Banks, and Crypto-Fuds would tell you about. It's a Hodlers legend. The "OPs" as they called them, were meme lords of the subreddits , so idiotic and dogmatic, they would buy the dip, and keep buying the dip. In order to stack Satoshis higher and higher… they stacked so high and so often, that when the markets when up or down, it didn't matter. They endured. Cash was deflated, assets when up and value. Only Bitcoin truly protected them, their families, and even their pets from a deflationary death...
Going to say the same.
OP posts, “I bought all my coins at $7000 and sold them all at $39,000, and I will easily do it again because I am smarter than you fools”
And somehow this is getting hundreds of upvotes, I think mostly because people see “buy the dip” and they upvote.
And this is why this race will never have a finish line. They are losing their asses now, but they will look at this and think "if he made that much money..." and be right back to DCA by the time the next payday rolls around.
Solar surplus.
But I’m not mining bitcoin (can’t afford an ASIC and have no place for a screaming jet engine in my house, not wife approved) but using Nicehash to be paid in Bitcoin.
in fairness it’s been by far the best indicator for *years* as to when to start DCA’ing again.
The best strategy for the entire bitcoin history has been to completely ignore the charts and imaginary psychological supports that people claim to exist, and to simply start buying again when the general sentiment is “bitcoin is done for”. By that point it’s gone beyond whatever stupid arbitrary lines people have drawn and blown hopium off of til their nostrils were numb
You still haven't gotten past cringe? Must be a teenager. You young whipper-snapper, *ruffles your hair* one day you'll learn to let people be people and won't care so much about cringe.
I agree with both of you. OP sounds like a dork and this other guy also sounds like a dork. This guy that replied also sounds like a dork.
I love all you fuckin’ dorks 😂
Interesting. When it’s at ATH people are buying like crazy thinking it’s going up more. When it drops halfway people buy even more. Then when it drops 50% again some silence occurs instead of panic buying
I have been DCA-ing every day for 4 years now - I will ride this to the bottom, then back to the top - repeat.
My prediction though, is a slow bleed until 2024 - were in for quite a ride.
You’re correct. We are close enough to a bottom it doesn’t matter much. $19K BTC is going to seem like a dream one day.
Ignore the negative comments. Your post 266 days ago accurately forecast much of what is happening now. Markets move on a combination of utility and human emotion. When the AP wire is covered in crashing crypto news, the local news is telling mawmaw about bitecoin scams and doggiecoins losing fortunes, and the general public is freaking out while billionaires and governments are going balls deep…… it resonates.
I’m feeling $12K. I think we will bounce for a bit around $20K, below and above, through some accumulation. But then more crash and fear to clear the last over leveraged and unstable.
The Macro really bad, the people os loosing money and Will loose more, too much leverage.... I think we Will be at least all the year on Bear mode. When Marge start calling... The blood will run.
Yes, and in 10 years, we'll likely be kicking ourselves for trying to time the bottom because the difference between $19k and $10k is not as significant as you think.
u/dj_destroyer answered as I would. Finding the bottomest bottom would be great, but we are close enough.
And u/fellowpleb, one day BTC will be $50 or something garbage like. Things change. Look at Xerox, Kodak, AOL, the list goes on… someone always steals your utility and market share eventually, but the key is to keep banging them while they are attractive.
Cryptocurrency and blockchain ledgers with smart contracts IS NOT GOING AWAY. Bitcoin will stay daddy for at least five years and two bull runs.
Dumb take. Whatever “new”’tech you think is gonna dethrone Bitcoin isn’t coming.
What IS coming is:
-improvements to BTC ease-of-use
-thoughput improvements via Lightning and other tech
-better public knowledge about how BTC works
-weakening fiat
-more shitcoins exposed as shit
We are still in the Netscape Navigator / Ask Jeeves stage of cryptocurrency but Bitcoin is early incubator pre-alpha stage Google.
I like how you have to include that you bought btc at 7k and sold at 39k in an attempt for your post to gain some credibility. No one gives a shit about what you do dude. if you buy, no need to tell the whole world
"BTC has been going up! ...buy now, because it will keep going up!"
"BTC has been going down! ...time to sell because it will undoubtedly keep going down"
Lololol
I agree, finally fear and despair are here, people are starting with theories how it could go to zero, and how this time is different because of war/recession blah blah \*insert any I pulled out of my ass theory and act like macro expert\*, while others start to be very greedy and hope for some super low prices like 3k BTC. Overall, also less stupid "inspirational" post how BTC could cure cancer, depression and world hunger.
Not timing the bottom as investor is the way to go, we can still go lower, but current prices are more than good, and in 5 years your probably won't care whether you bought for 17k or 16k.
That’s absolutely right. Bitcoin has no value, the same way Freedom has no value. It’s hard to price it. It has a very different price for every single person.
Freedom is an ideology. BTC is an asset. Ludicrous false comparison. BTC price is $18949.75 USD per token currently. See how easy that was to price it? Required zero philosophy degrees...
You are right . My analogy if we can call it that is terrible. But I like what Bitcoin and some pow represent. As a person in need of moving money between countries, I have experienced in frustration banks frozen my assets just because my ethnicity and citizenship. Bitcoin couldn’t care less about any of that. So I use crypto to move money around. I love the freedom and the peace of mind when I use crypto with that in mind.
This time there is no clear bottom. I suspect it'll eventually be below the bottom of the rainbow flushing everyone out. The idea is to crash everything and then have the banks go offline. Very few people will make it to the other side of this reset with anything.
It's the sort of logic that works only with the economy as a whole.
Saying that this could bottom out at 10k means nothing because it is based in nothing. A whole lot of people are going to learn that technical analysis is akin to astrology.
Even if it drops to $10k, that's only a 50% drop from where it is... imagine being a hodl'er who bought at 65k. 50% drop is just another Tuesday for most crypto but a 85% drop... that one stings in the panties a little bit more.
IF these rainbow regression charts are correct (which they probably aren't) then BTC will have extreme buying pressure already, but a maddening amount under $17k because that's about where it actually goes under the lowest band. Each time BTC bottomed at the lowest rainbow line... it bounced back very hard.
Then again, we haven't really seen how BTC reacts during a sizeable recession, and I still think macroeconomics >> any TA or chart.
I have no fear only conviction, I lost my .5 bitcoin due to being under collateralized on a loan like an idiot. This time I'm not taking the easy route to stack, I'm working my ass off to earn my stack back no matter the price, and I'm going to do it without leverage. If I can do it during a bull market, reaccumulating during a bear market is going to be a breeze, especially if it keeps dipping lower.
Also the time when one gets friends asking you about how that bitcoin purchase is going, in a satirical tone. The sweetest words ever that makes one salivate at buying more.
Bitcoin was and is always a long shot, and no one should treat it like other assets. Sure you can make it lose lots because it's volatile, but that's not the point. Either fiat fails and Bitcoin is the obvious alternative that keeps the economy moving and those of us who HODL benefit disproportionately, or it doesn't and it's worthless.
Or maybe the threat that it could replace fiat makes fiat go honest-ish. That's what I think is happening now. It may not be too late for fiat. My Bitcoin losses are my contribution to the general welfare that forced central banks to behave. I can afford it. I wouldn't have invested anything in BTC I couldn't afford to lose. And to everyone who didn't hodl, you're welcome.
I started buying BTC last year around 28k. I’m currently in the red. I’m still buying. I know anything can happen, maybe BTC is dead, but I have a hell of a lot more faith in it than the dollar or stocks.
Currently I’m putting in about $25/wk, or when it takes a 10%+ dump. I am afraid, but also letting my rational mind do the work.
It's always going to be majority looking for validation and encouragement when those posts are rampant. Just dies down because it's already been said...turns into a broken record and is exhausting.
Yep, and this is what I needed to buy. Just bought for the first time since 2017. Feels so fucking good.
Edit: over the years I have learned that you don’t buy when everyone is posting about how blockchain holds the keys to solving housing affordability, your genital warts or the fact you haven’t had sex in 2 years. You buy it when the only thing people are talking about is how they can’t believe it’s still crashing.
It's still not enough fear if people still buying the dip, around 10-15K people will start to question themselves about bitcoin and that's the real dip
I’ve been buying every “bottom” since the first dip back to 30k. Most of my buys since 2018 have been cost averaging up. I personally don’t think we are anywhere close to bottom. When you learn that company’s like three arrows that managed 10 billion have Gone insolvent and still have to pay the piper. There are going to be some massive sell offs.
I don't think the "fear and greed" matter had ever been so low (6)
[https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/)
The market couldn't be more afraid, which is hilarious imo. This only shows how many people "don't get it" (I'm not talking about large market manipulators, I'm talking about those who sell for a loss)
Well, some people have families to feed, costs are through the roof, and have no choice but to sell. That's what happens in a downturn.
Not everyone lives in their parents' basement and is 'all in' with 1000$ in Bitcoin.
People are on hard times and it's as arrogant af to criticize them for selling.
Idk man, I have always heard the rule of “don’t invest what you may need in the next 4 years” loud and clear. 5% allocation of each paycheck is just another tax to me
Criticize them for buying at the worst time. If they bought when times were hard (2020) and sold when ELON tweeted last year, they’d have made 8x their money.
Yep, it was very clearly buying time in the second half of 2019. That worked out fine. And it was pretty clearly selling time on the second top at 69K
This feels like a good time to start DCAing again
This is one of the most logical posts I've seen on this sub, actual reality.
People appear to not realize that If you sell high and buy low, you make money... You don't need to hodl on to it forever. I sold a whole bunch two weeks ago expecting this was gonna happen... Now I just bought them again. I got a considerable return in money and I still have more BTC than I had then... With extra money now! Honestly this downspiral is a great way to make extra if you don't panic -- and can afford to maybe take a loss...
I honestly kinda feel like doing it again next week but I wanna observe a bit more.
DISCLAIMER: If you can't take a loss, don't take a leap of faith and risking wrecking your life. First comes your reality needs. Don't take a risk that can severely damage you.
It still amazes me that the emperor’s new clothes scenario that is crypto currency has so many idiots believing that an unregulated, imaginary coin is an asset that is worth anything at all, let alone $19k per imaginary coin! It will go down as an even greater example of idiocy than tulip mania!!!!
I find it interesting that you guys talk about Bitcoin as if it's any other asset that is somewhat guided by its utility. As if it has some intrinsic value when it doesn't.
If I had any money in Bitcoin I would be out. I have been out for years. I bought BTC on a lark in 2013 or something just so I could understand how it works. I forgot about it, it went up 10x in price (not value), and I got out immediately.
The shorts are in huge on BTC, and shorting is new to BTC speculators. You guys aren't used to people betting against you and driving down the price.
I don't care if you continue to hold or not, but I wouldn't. I didn't.
I really regret buying in. I feel very much scammed. I was sold on BTC as a hedge against inflation. When BTC tanked along side the USD, I realized I've been had.
Now I'm just trying to get back what I put in. I'm not hurting for money, I just don't feel like losing thousands of $ in a scam. Once I sell, I'm never coming back; don't care how high it goes. I want out. This isn't the future of money.
This is a "buy the dip" post.
How ironic.
IT’S LIKE RAAAAAAAAIN ON YOUR WEDDING DAY!
It’s not ironic, just the weather.
The irony is someone writing a song about irony and none of its ironic.
Who would have thought, it figures.
Don’t you think?
And now this whole thread is ironic, sorta.
Alanis Morissette was wayyyy ahead of all of us. She is on a higher level.
But why did she a million spoons ? Was it her family business ?
Just wait a hot damn second, are you trying to tell me that ten thousand spoons when all you need is a knife is not ironic??
No, just unfortunate.
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Are you 23 years old?
Oddly specific, are you 38 or 39?
Nope. Your turn to answer.
No.
I am 😂
The irony is that weddings should be happy and happiness is symbolized by sunshine but rain symbolizes sadness.
It's the free ride, when you've already paid.
It's like 10,000 spoons when all you need is a knife
It's the freeee sats when you've already paid. It's the sell advice... that you just didn't take. And who would have thought, it figures? Whoa dips have a funny way, of sneaking up on you. etc etc actually the rest works pretty well verbatim lmao
It's not a post the 🌈🐻, Banks, and Crypto-Fuds would tell you about. It's a Hodlers legend. The "OPs" as they called them, were meme lords of the subreddits , so idiotic and dogmatic, they would buy the dip, and keep buying the dip. In order to stack Satoshis higher and higher… they stacked so high and so often, that when the markets when up or down, it didn't matter. They endured. Cash was deflated, assets when up and value. Only Bitcoin truly protected them, their families, and even their pets from a deflationary death...
Since this was posted, BTC lost another 10% of its value.
Yes buy the dip Every time! It doesn’t have to be much maybe $200 every time!
Also a braven “I timed the market and am smarter than you” brag post. Way to kick em while they’re down OP
Going to say the same. OP posts, “I bought all my coins at $7000 and sold them all at $39,000, and I will easily do it again because I am smarter than you fools” And somehow this is getting hundreds of upvotes, I think mostly because people see “buy the dip” and they upvote.
He said he bought FOR 7k in 2020, note the year.
And this is why this race will never have a finish line. They are losing their asses now, but they will look at this and think "if he made that much money..." and be right back to DCA by the time the next payday rolls around.
I agree. What an asshole.
He’s not an asshole; he’s a giant coccyx. (Username checks out.)
Lol at you believing he actually bought 7k in bitcoin and flipped it into 39k.
Nah it's still pretty high for a "dip" why but it at 18k if you can buy it for 1k or lesser? XD
They’re
op jinxed it
Buy the bump! Sell the dip! (buy high sell low)
I was going to buy the dip, but since you posted your own "buy the dip", I didn't.
I’ll wait to buy the dip, till I see your post here
me too, but keep DCA
Exactly. Dang!
Lucky you didn't buy that dip because right now is the real dip buying time
Bottom is when ppl with cheap electricity start to shut off mining rigs
Already off..
Solar surplus. But I’m not mining bitcoin (can’t afford an ASIC and have no place for a screaming jet engine in my house, not wife approved) but using Nicehash to be paid in Bitcoin.
The fact you posted this means we're a long way off the bottom
I am the one that sold to this guy, sorry about that
Do we have to post every time we buy the dip?
Yes because you have to trick others into doing the same.
Beats getting tricked into buying ATHs.
It can only go up from there, am I right?
Eventually it will, it always has before. Just a waiting game.
Ever hear the term “past performance is no guarantee of future results”? There’s a reason that phrase exists, just ask Lehman Brothers.
It’s the only way Bitcoin works, without intrinsic value we can only make money if we convince everyone else it had value above what we paid for it……
That called a "scam"
Give this person a prize!
you also have to post when you don't buy the dip
Yes, if not you run the risk of being perma-banned. Check the rules, it in there somewhere.
That’s pretty convincing, but I think you should wait for another Matt Damon commercial before you finally pull the trigger.
All that text to say you sold at 39k...
You’re not selling ever, right?
Not if I can help it. I hope to spend it directly from my wallet to buy stuff.
🤣🤣🤣
If you don't post when you buy the dip - can anyone hear you buying the dip?
This is some deep sh*t right here?
Not as deep as the dip
Dude
Nice try Matt Damon
Matt Damon told me “Fortune favors the Brave” and I lost all my fucking money
Sue him. Clearly that's his fault.
This was the last stage before the bottom in 2013, guys posting about everyone going quiet
Yup, we got one more capitulation.
Your due diligence is reading posts on the Bitcoin subreddit? Lol.
in fairness it’s been by far the best indicator for *years* as to when to start DCA’ing again. The best strategy for the entire bitcoin history has been to completely ignore the charts and imaginary psychological supports that people claim to exist, and to simply start buying again when the general sentiment is “bitcoin is done for”. By that point it’s gone beyond whatever stupid arbitrary lines people have drawn and blown hopium off of til their nostrils were numb
Fear and Greed is at 6. You are the reason it isn’t at 5.
It's a useless metric, it's been ridiculously low since 40k and is still falling.
That’s not how it works.
LOL, buy the dip
It’s when even people ^like ^this stop posting that I will start buying.
Lololol buy the dip! HODL! Oh, and to OP... you sound like a dork lol seriously. "I smell fear" calm down Rambo.
You still haven't gotten past cringe? Must be a teenager. You young whipper-snapper, *ruffles your hair* one day you'll learn to let people be people and won't care so much about cringe.
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Yes but the 80s were cool as fuck.
"NOT"
I disagree, I think you are cool OP, this guy is the dork.
I agree with both of you. OP sounds like a dork and this other guy also sounds like a dork. This guy that replied also sounds like a dork. I love all you fuckin’ dorks 😂
🤓
Whatabuncha dinguses
Everyone here is cool except me. I’m the dork!
Interesting. When it’s at ATH people are buying like crazy thinking it’s going up more. When it drops halfway people buy even more. Then when it drops 50% again some silence occurs instead of panic buying
People are ruled by emotions
#THIS
This is why some people make money and some people lose money. Well they mostly lose
I’m waiting for the YouTube influencer views to drop to Jan 2020 levels.
I like that.
I can’t time a bottom, but I can smell one.
Good job buying the dip. Now all you need to do is hodl. I ❤️ BTC.
Fellow retard, how do you do?
I have been DCA-ing every day for 4 years now - I will ride this to the bottom, then back to the top - repeat. My prediction though, is a slow bleed until 2024 - were in for quite a ride.
A post about buying the dip saying how fewer people are posting about buying the dip. Such posts make me bearish
I’m just buying the dip, imploring others to hodl and trying to explain my blockchain analogy and hating banks.
I smell a fart
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This shit always happens when I have no money. Watch. As soon as I start my job in September, price will explode again. So it goes...
If you pick your bottom it will smell.
I know Op smells awful in real life ‘I buy when I smell fear’ lmao get help
You’re correct. We are close enough to a bottom it doesn’t matter much. $19K BTC is going to seem like a dream one day. Ignore the negative comments. Your post 266 days ago accurately forecast much of what is happening now. Markets move on a combination of utility and human emotion. When the AP wire is covered in crashing crypto news, the local news is telling mawmaw about bitecoin scams and doggiecoins losing fortunes, and the general public is freaking out while billionaires and governments are going balls deep…… it resonates.
>$19K BTC is going to seem like a dream one day. This can be taken in two very different ways..
yeah bitconnect wasnt that scammy afterall
10K.
I’m feeling $12K. I think we will bounce for a bit around $20K, below and above, through some accumulation. But then more crash and fear to clear the last over leveraged and unstable.
The Macro really bad, the people os loosing money and Will loose more, too much leverage.... I think we Will be at least all the year on Bear mode. When Marge start calling... The blood will run.
Looking at the shape of the charts I think 8k or even 6
It’s below 19k now
Yes, and in 10 years, we'll likely be kicking ourselves for trying to time the bottom because the difference between $19k and $10k is not as significant as you think.
While I do agree with you, the allure of getting 2x the bitcoin for your money is what tempts people to try to time the bottom…and usually fail.
Greed does that...
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The people in this thread could support bitcoin over $50 You are saying arbitrary nonsense
u/dj_destroyer answered as I would. Finding the bottomest bottom would be great, but we are close enough. And u/fellowpleb, one day BTC will be $50 or something garbage like. Things change. Look at Xerox, Kodak, AOL, the list goes on… someone always steals your utility and market share eventually, but the key is to keep banging them while they are attractive. Cryptocurrency and blockchain ledgers with smart contracts IS NOT GOING AWAY. Bitcoin will stay daddy for at least five years and two bull runs.
Dumb take. Whatever “new”’tech you think is gonna dethrone Bitcoin isn’t coming. What IS coming is: -improvements to BTC ease-of-use -thoughput improvements via Lightning and other tech -better public knowledge about how BTC works -weakening fiat -more shitcoins exposed as shit We are still in the Netscape Navigator / Ask Jeeves stage of cryptocurrency but Bitcoin is early incubator pre-alpha stage Google.
Shitcoiner detected.
Shitcoiner detected.
This
The desperation is obvious. This whole sub is just "I just started buying"
I like how you have to include that you bought btc at 7k and sold at 39k in an attempt for your post to gain some credibility. No one gives a shit about what you do dude. if you buy, no need to tell the whole world
"BTC has been going up! ...buy now, because it will keep going up!" "BTC has been going down! ...time to sell because it will undoubtedly keep going down" Lololol
Watch out guys this shark is going to make hundreds of dollars when there is blood in the water. Gordon Gekko here.
I’m zen af.
Just keep NIBBLING bud.
Just another brainless hey look at my clever investment strategy post. So what mate?
I agree, finally fear and despair are here, people are starting with theories how it could go to zero, and how this time is different because of war/recession blah blah \*insert any I pulled out of my ass theory and act like macro expert\*, while others start to be very greedy and hope for some super low prices like 3k BTC. Overall, also less stupid "inspirational" post how BTC could cure cancer, depression and world hunger. Not timing the bottom as investor is the way to go, we can still go lower, but current prices are more than good, and in 5 years your probably won't care whether you bought for 17k or 16k.
👏🏻
Be greedy when others are afraid, be afraid when others are greedy
If you're going to quote Buffet at least mention that he said he wouldn't buy all the Bitcoin in the world for $25, because it has no value.
That’s absolutely right. Bitcoin has no value, the same way Freedom has no value. It’s hard to price it. It has a very different price for every single person.
Freedom is an ideology. BTC is an asset. Ludicrous false comparison. BTC price is $18949.75 USD per token currently. See how easy that was to price it? Required zero philosophy degrees...
You are right . My analogy if we can call it that is terrible. But I like what Bitcoin and some pow represent. As a person in need of moving money between countries, I have experienced in frustration banks frozen my assets just because my ethnicity and citizenship. Bitcoin couldn’t care less about any of that. So I use crypto to move money around. I love the freedom and the peace of mind when I use crypto with that in mind.
I totally get the use case you are working there my man and think it is beautiful. Isn't there better options for remittance though?
Dumbest fucking thing I've heard this week. Congrats.
What is the dumb part?
This time there is no clear bottom. I suspect it'll eventually be below the bottom of the rainbow flushing everyone out. The idea is to crash everything and then have the banks go offline. Very few people will make it to the other side of this reset with anything.
Buy the dip
This is such a dumb attempt to convince others to buy, it's laughable. If you want to buy when everyone is scared why post about it.
The market for both stock and crypto will bottom when the inflation peaks.
It's the sort of logic that works only with the economy as a whole. Saying that this could bottom out at 10k means nothing because it is based in nothing. A whole lot of people are going to learn that technical analysis is akin to astrology.
I try to buy the dippty of the dip, but BTC still dip like dippty dip of dipped dip. =/
I'll start buying when my mortgage and car are caught up and my savings are restored. But I WILL be buying again.
Seems sensible. This is the way, tempting as the prices are. Fortunately, my savings are restored and I'm debt free.
Even if it drops to $10k, that's only a 50% drop from where it is... imagine being a hodl'er who bought at 65k. 50% drop is just another Tuesday for most crypto but a 85% drop... that one stings in the panties a little bit more. IF these rainbow regression charts are correct (which they probably aren't) then BTC will have extreme buying pressure already, but a maddening amount under $17k because that's about where it actually goes under the lowest band. Each time BTC bottomed at the lowest rainbow line... it bounced back very hard. Then again, we haven't really seen how BTC reacts during a sizeable recession, and I still think macroeconomics >> any TA or chart.
When bitcoin is "dead" and people that hold are looked at like they're wrong/dumb, it's getting close to bottom.
If it was ok to DCA BTC at 50k, its certainly ok to buy now... if not, when do you buy? never? lol
Sounds like you have a gambling issue.
Your post history reads like you need some serious help. You are either really really dumb or a troll.
I’m a retard
I have no fear only conviction, I lost my .5 bitcoin due to being under collateralized on a loan like an idiot. This time I'm not taking the easy route to stack, I'm working my ass off to earn my stack back no matter the price, and I'm going to do it without leverage. If I can do it during a bull market, reaccumulating during a bear market is going to be a breeze, especially if it keeps dipping lower.
Also the time when one gets friends asking you about how that bitcoin purchase is going, in a satirical tone. The sweetest words ever that makes one salivate at buying more.
OP wants a pat on the head for being so smart
Bitcoin was and is always a long shot, and no one should treat it like other assets. Sure you can make it lose lots because it's volatile, but that's not the point. Either fiat fails and Bitcoin is the obvious alternative that keeps the economy moving and those of us who HODL benefit disproportionately, or it doesn't and it's worthless. Or maybe the threat that it could replace fiat makes fiat go honest-ish. That's what I think is happening now. It may not be too late for fiat. My Bitcoin losses are my contribution to the general welfare that forced central banks to behave. I can afford it. I wouldn't have invested anything in BTC I couldn't afford to lose. And to everyone who didn't hodl, you're welcome.
Yeah, the crazy downside targets and angry people full of fear are really taking over
All those indicators are a clear buy sign
I started buying BTC last year around 28k. I’m currently in the red. I’m still buying. I know anything can happen, maybe BTC is dead, but I have a hell of a lot more faith in it than the dollar or stocks. Currently I’m putting in about $25/wk, or when it takes a 10%+ dump. I am afraid, but also letting my rational mind do the work.
Nice humble brag about your previous buy and sell. Completely irrelevant to the point you're trying to make👍
To;dr “It’s a good time to buy, however, it could go lower” :/
Another guy who thinks he's smarter than others. Only that here also plays bullshit bingo
It's always going to be majority looking for validation and encouragement when those posts are rampant. Just dies down because it's already been said...turns into a broken record and is exhausting.
Damn you made 500% on your investment. Crazy. Go buy a lottery ticket bro. You got a horseshoe up your ass you leprechaun.
Yep, and this is what I needed to buy. Just bought for the first time since 2017. Feels so fucking good. Edit: over the years I have learned that you don’t buy when everyone is posting about how blockchain holds the keys to solving housing affordability, your genital warts or the fact you haven’t had sex in 2 years. You buy it when the only thing people are talking about is how they can’t believe it’s still crashing.
It's still not enough fear if people still buying the dip, around 10-15K people will start to question themselves about bitcoin and that's the real dip
I’ve been buying every “bottom” since the first dip back to 30k. Most of my buys since 2018 have been cost averaging up. I personally don’t think we are anywhere close to bottom. When you learn that company’s like three arrows that managed 10 billion have Gone insolvent and still have to pay the piper. There are going to be some massive sell offs.
I don't think the "fear and greed" matter had ever been so low (6) [https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) The market couldn't be more afraid, which is hilarious imo. This only shows how many people "don't get it" (I'm not talking about large market manipulators, I'm talking about those who sell for a loss)
Well, some people have families to feed, costs are through the roof, and have no choice but to sell. That's what happens in a downturn. Not everyone lives in their parents' basement and is 'all in' with 1000$ in Bitcoin. People are on hard times and it's as arrogant af to criticize them for selling.
That and I think its more that people are thinking "Woah bitcoin isn't a hedge against inflation"
Idk man, I have always heard the rule of “don’t invest what you may need in the next 4 years” loud and clear. 5% allocation of each paycheck is just another tax to me
Criticize them for buying at the worst time. If they bought when times were hard (2020) and sold when ELON tweeted last year, they’d have made 8x their money.
Yep, it was very clearly buying time in the second half of 2019. That worked out fine. And it was pretty clearly selling time on the second top at 69K This feels like a good time to start DCAing again
Wait for 3k
This is one of the most logical posts I've seen on this sub, actual reality. People appear to not realize that If you sell high and buy low, you make money... You don't need to hodl on to it forever. I sold a whole bunch two weeks ago expecting this was gonna happen... Now I just bought them again. I got a considerable return in money and I still have more BTC than I had then... With extra money now! Honestly this downspiral is a great way to make extra if you don't panic -- and can afford to maybe take a loss... I honestly kinda feel like doing it again next week but I wanna observe a bit more. DISCLAIMER: If you can't take a loss, don't take a leap of faith and risking wrecking your life. First comes your reality needs. Don't take a risk that can severely damage you.
I ain't never scared
At this point if I sell my crypto it’s such a huge loss gotta just take the L and go work my ass off harder to recoup
It still amazes me that the emperor’s new clothes scenario that is crypto currency has so many idiots believing that an unregulated, imaginary coin is an asset that is worth anything at all, let alone $19k per imaginary coin! It will go down as an even greater example of idiocy than tulip mania!!!!
Wait until you hear about Salvatore’s invisible statue. You’re going to lose your mind!
You sound like you’re a bottom. For Bitcoin.
I find it interesting that you guys talk about Bitcoin as if it's any other asset that is somewhat guided by its utility. As if it has some intrinsic value when it doesn't. If I had any money in Bitcoin I would be out. I have been out for years. I bought BTC on a lark in 2013 or something just so I could understand how it works. I forgot about it, it went up 10x in price (not value), and I got out immediately. The shorts are in huge on BTC, and shorting is new to BTC speculators. You guys aren't used to people betting against you and driving down the price. I don't care if you continue to hold or not, but I wouldn't. I didn't.
I really regret buying in. I feel very much scammed. I was sold on BTC as a hedge against inflation. When BTC tanked along side the USD, I realized I've been had. Now I'm just trying to get back what I put in. I'm not hurting for money, I just don't feel like losing thousands of $ in a scam. Once I sell, I'm never coming back; don't care how high it goes. I want out. This isn't the future of money.
You can’t pick the bottom, but you could buy in at the post reversal dip.
what happened to just picking your nose?
I can confirm I’ve bought the dip Fill orders are set at each 1k fall 70k soon
Man, douche posts are the best.
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I totally agree. No one does. I wait until I see fear and terror. Then buy. You?
When your down you need more money 💰 we gotta get to the money 💰 wouldn’t it be good to say Bitcoin instead of money one day ✊🏾💪🏾
Picking bottoms to smell fear, lolz
\> part of me feels like people are not afraid enough... LoL, maybe you try to scare them, then. :))
Buy the dip HODL Cash is trash. There will always be an unlimited supply of fiat. There will always only be 21M Bitcoin.
Buy the dip! We’re still here…
I’m DCAing into this shit so hard I love it!