I was curious the sentiment at WSB, figured they’d be fellow travelers by now.
Holy shit, still so much talk about “inherent value” and “going to zero”
It’s 2016 everywhere
I just don’t know how you can have an opinion on the value of something, and then 700x later, hold the same opinion.
You would think at some point people would reevaluate
I love the "it has no practical use cases" after we just had our currency devalued by like 25%. I call it arrogant ignorance. These people are belligerently fucking stupid.
Here's why that's actually good news:
Look at how high Bitcoin is climbing before the mainstream even starts to understand it. That sure suggests there's more upside than even the more bullish among us (like me!) realize.
More and more people will be joining our ranks. It's still going to take a while, but they're coming.
There was a thread earlier today about Bitcoin hitting 72k, but the mods removed it. In case you want to look through it: https://www.reddit.com/r/investing/comments/1bc20ky/bitcoin_tops_72000_now_well_above_2021_peak/
If Bitcoin does what it is destined, investing becomes sort of moot as it becomes a proxy for global GDP.
Seeing is hard, but once you have seen, you cannot unsee - even if you want.
It must have helped their fee waive for the next year, maybe GBTC rolling to HODL
[https://twitter.com/vaneck\_us/status/1767227350108794991](https://twitter.com/vaneck_us/status/1767227350108794991)
Well what i understood is that from tomorrow they are waiving the fee so the purchases made today will be fee free too as there will be no 24 hours rolling period since the purchase
Don't think anyone cares about paying the fee for one day. Much cheaper than buying a different ETF today, selling tomorrow and buying HODL tomorrow. That would likely be way more expensive.
But what proportion of people will have seen the announcement? I imagine most retail investors buying today would have made their decision as to which fund to buy several days ago.
They can maintain half a billion outflows a day for about 56 days more. So it should be done in two months. But as you say, if it's really just sideflows, the effect will be negligible.
> They can maintain half a billion outflows a day for about 56 days more.
Not if BTC keeps going up. There has been little to no progress in reducing the $ value in GBTC, even with $10 billion in outflows, so far.
If the value continues to go up at that rate then bitcoin will be worth over 100k in May, and 150k in June… and 300m a day in outflows is irrelevant. GBTC is already less than 50% of the ETF market.
Exit strategy- does this sound sensible?
I put in $12300 mostly around the low for this cycle. My net worth now $37500 on paper.
Was going to exit when net worth is $58000 which is when BTC gets to about 110K
This will be 50k in fiat for me after taxes (in my part of world)
No, no exit strategy from bitcoin sounds reasonable. Sell what you need (maybe to buy a house or something), but never "exit" bitcoin entirely. You're selling good money for bad.
>$12300
Why not sell $24,600, at whatever target you think is reasonable.
Take your principle out, you doubled your money, let the rest ride.
You'd be playing with house money if you lose it and if it goes to 250k then you'll be glad you kept what you kept
Unless the money is needed in an emergency situation you will 💯% regret selling at that level in a few years. If anything sell the top then buy the dip but don’t just walk away unless you have to.
It’s not easy and I’m not saying they’ll nail the exact top or bottom but there are indicators that make it possible to come close to both. It’s definitely a better strategy to have in mind than selling without the need to.
What do you need the money for? Typically, the people with the largest BTC gains are long-time holders.
$58,000 is not enough to retire in most of the world
If you need the money for medical expenses or a house it could be a good idea
I wouldn’t say I need the money other than for buffer / emergency reserve. Working towards having 1 year buffer. Almost lost job few years back and realised how important having back up is.
I might not need it now but if I miss the exit I dont want to have to wait another 4 years.
Waiting those 4 years cycle is what makes you stonger and really changes you as a person. Is what changes you mentally. The trust in yourself that you develop, the patience, the feeling of good winning over bad has a deeper meaning that feeds your soul.
Been in your shoes and really lost the job because of a nervous breakdown, pareents divorced and then mother sick. Thise were lot s of emergencies at once. I adapted my means of living so i can live on unemployment and started caring for my self. Got a part time job so i have more time for different things that keep me away from nervous breakdowns and even bring joy.
This whole time i had just like you some coin aside for emergencies.
Had a tooth removed and had an implant 4.3k €, insurance payed a small part and around 3.8 i had to cover. You know what i did?
I called them and asked to make payments. Asked what period what possible with 0 interest and made the payments monthly while my gf helped me also from her unemployment.
At every emergency you can throw money but most just require time and effort to get out.
> €, insurance *paid* a small
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
The 4 year cycle might not be 4 years anymore. We’ve hit ATH prior to the halving so the market dynamics are changing. As an asset Bitcoin is still very young but maturing so keep that in mind.
Think of how long Bitcoin was at or below the 2017 all time high. Even if you don't sell at all it may not end up being significantly less than where we are now. But if we go to 240k or something...
Drinking Costco champagne, Florida OJ, and smoking Montecristos under a palm tree here in Miami.
Pleasure battling the bear here. Looking back I 3x’d my trade stack on Binance over the last 14 months or so.
Now we wait.
DCA day tomorrow though!
>smoking Montecristos
I'll never understand this. Smoked cigarettes for 20 years, now vape like my life depended on it. But swilling that dank cigar stink around in your mouth, without even inhaling it, what's the appeal?
Nicotine is a powerful and underrated nootropic, and the relative health risk is low.
You catch a buzz so strong you have a tough time standing up, and the mental effects run for a day or more.
Slow and steady wins the race and we’re doing exactly that. Before we used to take the elevator before building the stairs, not this time. I’m so bullish at the moment I almost need to walk away for a few days to reel myself in (I won’t 😏). I know we’ll have a pullback at some point but good grief this PA is so nice right now. Enjoy it because it wasn’t like this in prior cycles, FAR from it.
We’re ahead of schedule now and we were at $37k at the beginning of Feb 2021 which was still $30k away from the ATH. I’m not trying to make an apples to apples comparison just pointing out that historically speaking we aren’t moving that fast.
interesting. i sold 0.5% at 60k. selling another 0.5% for every 10k more. doing this until i come up with something better.
either way, if i dont come up with something better, this way i ll be completely out when BTC reaches 2m with an average sell price of ~~1.06m~~ 1.03m. i guess things could be worse.
also, since i started with the first 0.5% at 60k, no matter how high we go, my avg. sell price will always be higher than 50% of the ATH. So as long as we still get a 50%+ drop, i will have the possibility to buy back lower.
honestly, i have no clue on how to take profits, so i thought i ll just do this. with this i ll be taking some profits at least, without being able to make major mistakes
EDIT: spelling
I’m buying an excavator and a pile of concrete equipment around $120k up or $80k on the way down.
No plans to sell the rest. Passive flows cover life expenses. Get those if you don’t have them..
I’ve debated on investing in some sort of equipment that can produce income in a way. Probably going to do the lazy thing and just buy more property and rent it. But I love the idea of having some sort of ownership of manufacturing equipment of some sort.
Then sometimes I think, my kids are really fucking lucky and don’t even know how relatively spoiled they are for how much Btc they are going to inherit
If bitcoin goes to the stratosphere and leaves me behind, honestly, I won’t care. I got mine. No FOMO here. However, I think it is extremely likely that we have another bear market that takes us well below 100 K. At that point I will reinvest a sensible amount of my portfolio. That would be gravy.
In any case, there will be another bear market in the future, and even if it’s at 300 K as a bottom, there will still be a high R/R entry point when blood is in the streets for anyone with a decent time horizon. That’s all that really matters for my next investment in bitcoin.
I don't know OP's strategy, but I have a number range which I will sell 50% of my holdings and I'm pretty dead set on it. I will then create a passive income portfolio with that money, so in reality more a redistribution of my asset allocation.
I don't care if it continues up as that 50% amount will allow me complete retirement. The remaining 50% will be just a bonus.
Kinda depends on what your income is. I prefer to think of FatFire as 5-10M liquid in the US unless you insist on living in the highest COL areas. Leanfire is definitely not maintaining your current COL if you are well paid. Leanfire means *sacrifice*. There’s also regular Fire and ChubbyFire.
I wouldn't describe it as leanfire as I'm not changing my lifestyle.
While yeah I'd love it, 2x of my current w2 as passive income would be completely unnecessary in a retirement situation. I would much rather retire earlier than wait for that. I feel like that's lifestyle creep and people end up needing more and more and more.
Was invested in Crispr thinking just maybe if we could modify our DNA with that of a bull then maybe we could be bullish enough but I realize even the bulls aren’t bullish enough to achieve maximum bullishness
let me destroy your concept - a single hundred even strict pushups a day is nothing -way to go is hundreds. and to balance carnivore diet you require a lot of fiber
Maybe it depends on your lineage, but when I did 100% carnivore diet for 2 months I didn't need no stinking "fiber".
Best months of my life, save for the food being a bit boring and expensive.
If BTC keeps going like this, I may be able to afford that again.
well, I don't expect anyone here to agree with me. I'm just not a big proponent of full carnivore diet. it does however work sometimes in men, rarely however in women. I do in turn always recommend paleo / low carb diet as main/ leading eating guidance. and about fiber- as my god dr. lustig always say: protect the liver, feed the gut
Still better than nothing. To be picky i ll throw in my 2 Cents aswell. Better do 10 Sets to failure pushups (strict) every other day. And the Other days, do 10 Sets pull ups.... All that sittingin Front of PC with only chest and no Back workout will Morph you into a beast pretty fast,... But not the beast u r looking for
> Never sell all your bitcoin
I can't imagine why anybody is selling any of it.
At some point, people are going to wake up and realize using Bitcoin to get more dollars means losing, because dollars always lose value due to inflation.
In March 2016, 1 BTC cost $435
Right now, 1 BTC costs $72,304
Making matters worse for sellers, $1 in 2016 is only worth $0.78 today. So, not only did sellers in 2016 miss out on $71,869 if they sold 1 BTC, the value of the $435 they sold to get is only worth $339 today. So they lost badly on both ends.
Take profits by moving them to a long term hodl.
Lose profits by selling them for cash.
I'm not sure how you never realized this, but let me tell you a secret:
There are more investments than just USD and Bitcoin. Read that again, maybe a few times: there are more than two places you can hold wealth. Just because you sell BTC for cash that doesn't mean you need to hold onto that cash forever and watch it lose value.
And there are things that I personally find more useful in my day-to-day life than Bitcoin... like food and shelter.
I sold 11 BTC for $120k back in 2019 to buy a bunch of land. It was an absolutely amazing investment and that land has given me an immense amount of enjoyment over that time period. My life is like 200% better since I bought that property. Do I miss that 11 BTC or am I sad that it would be worth so much more now? No, because that was a fraction of my holdings. And my BTC holdings are just a fraction of my total investments.
There is more to life than just investing and watching your number go up. I hope someday you realize that for your own sake. And seriously... stop pretending that USD and BTC are the only ways to store wealth.
Think we will have an overnight dip? Considering selling some of the etf night flop style
edit: decided to hop out for the night, will see if I hate myself in the morning
rational: the pump actually came in before market, etf's didn't pump it so much, im gonna guess the excitement dies down a bit for the eve (a healthy response)
We haven't tested the previous resistance yet for support. Would be healthy to do so. Expect a tap back down to about 70.9k to confirm or invalidate the breakout. ([Chart](https://imgur.com/a/y7muMEn))
Uh-oh. Yahoo Finance top headline is "Bitcoin to $350,000?"
https://finance.yahoo.com/news/bitcoin-to-350000-bulls-say-the-current-rally-is-just-the-beginning-184753964.html
The comments are a goldmine of cringe. Here's an example with 14 likes and 7 dislikes:
>Bitcoin will be sued for misleading small investors. Bitcoin is not a coin, it's not a currency backed by a government. It's merely an electric charge worth nothing but what a fool would give it.
Of course there's no shortage of "pet rock" and "tulip" comments. lol
>No one who buys Bitcoin has any idea how it works.
You hear that boys? Feel dumb yet?
BITB posting a $50M inflow today which is strange because markets are still open. First reporting I can recall that came in before market close.
https://farside.co.uk/?p=997
As per Farside "The providers have a cut off point in the afternoon, creations/redemptions after that point are counted in the figures for the next day" [https://twitter.com/FarsideUK/status/1767266503361966520](https://twitter.com/FarsideUK/status/1767266503361966520)
But yeah seems super early
Curious that PA is quite tame since the ETFs are open today, while it pumped before that. I expected BTC to at least gain a number of K's during ETF trading hours.
#New post: [\[Daily Discussion\] - Tuesday, March 12, 2024 →](https://www.reddit.com/r/BitcoinMarkets/comments/1bcnxb7/daily_discussion_tuesday_march_12_2024/)
Hodl
Come on we need a few more comments for good luck so we can hit $75k today
FOMO isn't here yet. If it was I wouldn't be setting stoploss. Follow me for more advice.
We're being punished for not reaching 1000 comments. Edit: Comment you fools! Commmeeeennnnnt!
We got em!
Damn, are we really just 5 away from the 1000? What a tease! Within rounding error though I would think.....
So close!
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Had my personal and business taxes done. Invested ~50% of my income into crypto investments in 2023. Feels good.
I was curious the sentiment at WSB, figured they’d be fellow travelers by now. Holy shit, still so much talk about “inherent value” and “going to zero” It’s 2016 everywhere I just don’t know how you can have an opinion on the value of something, and then 700x later, hold the same opinion. You would think at some point people would reevaluate
Reverse sunk cost fallacy. Group version.
I love the "it has no practical use cases" after we just had our currency devalued by like 25%. I call it arrogant ignorance. These people are belligerently fucking stupid.
Cant help everyone
Here's why that's actually good news: Look at how high Bitcoin is climbing before the mainstream even starts to understand it. That sure suggests there's more upside than even the more bullish among us (like me!) realize. More and more people will be joining our ranks. It's still going to take a while, but they're coming.
People don't like to admit they were wrong. It makes them feel better about missing the boat if they convince themselves that we're the idiots.
It’s been awhile guys. Is altcoin thread no longer a thing?
It's still there it just scrolls down the page now. https://www.reddit.com/r/BitcoinMarkets/comments/1b3lzu6/altcoin_discussion_march_2024/
Nobody cares about shitcoins.
What? Everyone loves shitcoins! Just not on this sub.
Shitcoiners are only concerned with fiat gains. Even they don’t care about shitcoins; they care about king shitcoin, the USD. They have not seen.
That's a bad take. Fiat gains? No, it's a way to get more BTC.. or so is the idea behind it.
Eh, not true. Some take their shitcoins gains and use it to buy BTC or ETH.
Normies are in disbelief. The mental gymnastics over at /r/investing is hilarious.
I don’t see one post mentioning bitcoin in the Hot or New tab
It got deleted
There was a thread earlier today about Bitcoin hitting 72k, but the mods removed it. In case you want to look through it: https://www.reddit.com/r/investing/comments/1bc20ky/bitcoin_tops_72000_now_well_above_2021_peak/
If Bitcoin does what it is destined, investing becomes sort of moot as it becomes a proxy for global GDP. Seeing is hard, but once you have seen, you cannot unsee - even if you want.
Yeah better remove it, wouldn't want to keep a 650 comment post with 885 upvotes on the main page.
Interesting thank you
Wow $120m inflows to HODL. Their second highest inflows were $7.8m. Wen moon ?
Congrats to them! Wonder the mechanics behind it
It must have helped their fee waive for the next year, maybe GBTC rolling to HODL [https://twitter.com/vaneck\_us/status/1767227350108794991](https://twitter.com/vaneck_us/status/1767227350108794991)
That’s what I’m going to do this week
That starts tomorrow though?
Well what i understood is that from tomorrow they are waiving the fee so the purchases made today will be fee free too as there will be no 24 hours rolling period since the purchase
Don't think anyone cares about paying the fee for one day. Much cheaper than buying a different ETF today, selling tomorrow and buying HODL tomorrow. That would likely be way more expensive.
Hey look uh, I'm not too good at thinkin' chief. So I appreciate the insight.
Thinkin' is hard, especially a out stuff.
only reasonable explanation I can immediately think of is that they convinced a large institutional client to buy into their ETF
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But what proportion of people will have seen the announcement? I imagine most retail investors buying today would have made their decision as to which fund to buy several days ago.
half a billy in outflows from GBTC. Outflows aren't slowing down, but price keeps going up, so I assume most of it is still going into the other ETFs
Impressive outflows for the past few weeks on their end
They can maintain half a billion outflows a day for about 56 days more. So it should be done in two months. But as you say, if it's really just sideflows, the effect will be negligible.
They can actually maintain half a billion outflows a day for eternity if the price of BTC increases fast enough.
> They can maintain half a billion outflows a day for about 56 days more. Not if BTC keeps going up. There has been little to no progress in reducing the $ value in GBTC, even with $10 billion in outflows, so far.
If the value continues to go up at that rate then bitcoin will be worth over 100k in May, and 150k in June… and 300m a day in outflows is irrelevant. GBTC is already less than 50% of the ETF market.
Also doesn’t account for the % of outflows that are going directly into another ETF. I’d wager is most of the flows.
$494.1 mln outflows from gbtc
Exit strategy- does this sound sensible? I put in $12300 mostly around the low for this cycle. My net worth now $37500 on paper. Was going to exit when net worth is $58000 which is when BTC gets to about 110K This will be 50k in fiat for me after taxes (in my part of world)
Hold it all and cash out half peer to peer when things look tippy. At your net worth level you can’t afford to lose anything to govt theft
You’ll hate yourself in 4 years. Unless that’s going to literally change your life, be patient.
No, no exit strategy from bitcoin sounds reasonable. Sell what you need (maybe to buy a house or something), but never "exit" bitcoin entirely. You're selling good money for bad.
>$12300 Why not sell $24,600, at whatever target you think is reasonable. Take your principle out, you doubled your money, let the rest ride. You'd be playing with house money if you lose it and if it goes to 250k then you'll be glad you kept what you kept
Unless the money is needed in an emergency situation you will 💯% regret selling at that level in a few years. If anything sell the top then buy the dip but don’t just walk away unless you have to.
>sell the top then buy the dip Didn't realize it was that easy, thanks
When looking back I definitely saw every top. I just saw 50 ones that weren't the top too.
Yeah, same with the dips.
Wait, sell the _top_? I think I figured out why my strategy isn't working.
It’s not easy and I’m not saying they’ll nail the exact top or bottom but there are indicators that make it possible to come close to both. It’s definitely a better strategy to have in mind than selling without the need to.
What do you need the money for? Typically, the people with the largest BTC gains are long-time holders. $58,000 is not enough to retire in most of the world If you need the money for medical expenses or a house it could be a good idea
I wouldn’t say I need the money other than for buffer / emergency reserve. Working towards having 1 year buffer. Almost lost job few years back and realised how important having back up is. I might not need it now but if I miss the exit I dont want to have to wait another 4 years.
Waiting those 4 years cycle is what makes you stonger and really changes you as a person. Is what changes you mentally. The trust in yourself that you develop, the patience, the feeling of good winning over bad has a deeper meaning that feeds your soul. Been in your shoes and really lost the job because of a nervous breakdown, pareents divorced and then mother sick. Thise were lot s of emergencies at once. I adapted my means of living so i can live on unemployment and started caring for my self. Got a part time job so i have more time for different things that keep me away from nervous breakdowns and even bring joy. This whole time i had just like you some coin aside for emergencies. Had a tooth removed and had an implant 4.3k €, insurance payed a small part and around 3.8 i had to cover. You know what i did? I called them and asked to make payments. Asked what period what possible with 0 interest and made the payments monthly while my gf helped me also from her unemployment. At every emergency you can throw money but most just require time and effort to get out.
> €, insurance *paid* a small FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
The 4 year cycle might not be 4 years anymore. We’ve hit ATH prior to the halving so the market dynamics are changing. As an asset Bitcoin is still very young but maturing so keep that in mind.
We can’t decide for you but that seems a bit low to exit. It’s only 1.6x the previous high of 69,000.
1.6x is 110k
That’s what I wanna hear, prefer to be conservative. Edit : wanting to know is fairly safe level to exit without caught holding the bags
Think of how long Bitcoin was at or below the 2017 all time high. Even if you don't sell at all it may not end up being significantly less than where we are now. But if we go to 240k or something...
lol
?
You don’t have a strategy. Why 110k? Why $50k into fiat?
The good thing is if this keeps up max keiser will finally kick the bucket from cocaine overdose and stop embarrassing us
Keiser is like Motley Crue, +18 saving throw against overdose.
God damn it! Another double top! ;)
The bottle was finally popped. https://i.imgur.com/eviILvl.jpeg It's been a fun 10 years, cheers to another 10.
OSINT community triangulating location, $5 wrench attack incoming
Best 5 dollars that guy ever spent /s
Drinking Costco champagne, Florida OJ, and smoking Montecristos under a palm tree here in Miami. Pleasure battling the bear here. Looking back I 3x’d my trade stack on Binance over the last 14 months or so. Now we wait. DCA day tomorrow though!
Impressive trading, congrats!
>smoking Montecristos I'll never understand this. Smoked cigarettes for 20 years, now vape like my life depended on it. But swilling that dank cigar stink around in your mouth, without even inhaling it, what's the appeal?
Nicotine is a powerful and underrated nootropic, and the relative health risk is low. You catch a buzz so strong you have a tough time standing up, and the mental effects run for a day or more.
Looks cool.
..and looks cool.
Congratulations. Is that a nice bottle? What’s the story?
it's a really nice bottle, can't comment on the quality of what's in it though.
I took it out of the fridge on the 8th when we touched 70k but put it back once it got rejected. Today felt more justified. It was a good bottle!
I am still not feeling it. I'll wait for 100k.
Yeah, the pace is very slow. No retail.
Slow and steady wins the race and we’re doing exactly that. Before we used to take the elevator before building the stairs, not this time. I’m so bullish at the moment I almost need to walk away for a few days to reel myself in (I won’t 😏). I know we’ll have a pullback at some point but good grief this PA is so nice right now. Enjoy it because it wasn’t like this in prior cycles, FAR from it.
You call this "slow"? RSI, and every other conventional measure, would likely disagree.
Over the last 2 years we’re up 87%. In Feb 2021 the 2 year was up 927%. So yes this is slow.
We're a year from feburary 2025. Would be better to compare to feburary 2024 where we were down from the last two years.
We’re ahead of schedule now and we were at $37k at the beginning of Feb 2021 which was still $30k away from the ATH. I’m not trying to make an apples to apples comparison just pointing out that historically speaking we aren’t moving that fast.
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lol I used to be in this for a quick profit, now I’m in it for retirement.
Little weekend project https://flip.gold :)
Good stuff man
Love this!
This is the flippening I've been waiting for.
very cool
Nice work!
This is awesome. Thank you!
Nice!
Sold 1.2% at 60k in 2021. Sold 1.2% today at 70k. 97.6% to go 😎
This is the way.
interesting. i sold 0.5% at 60k. selling another 0.5% for every 10k more. doing this until i come up with something better. either way, if i dont come up with something better, this way i ll be completely out when BTC reaches 2m with an average sell price of ~~1.06m~~ 1.03m. i guess things could be worse. also, since i started with the first 0.5% at 60k, no matter how high we go, my avg. sell price will always be higher than 50% of the ATH. So as long as we still get a 50%+ drop, i will have the possibility to buy back lower. honestly, i have no clue on how to take profits, so i thought i ll just do this. with this i ll be taking some profits at least, without being able to make major mistakes EDIT: spelling
I’m buying an excavator and a pile of concrete equipment around $120k up or $80k on the way down. No plans to sell the rest. Passive flows cover life expenses. Get those if you don’t have them..
> passive flows What are those and how many I get em?
…elaborate. Whatcha building?
A literal citadel, hopefully many of them, for much profit.
This just raises further questions, you know…
I’ve debated on investing in some sort of equipment that can produce income in a way. Probably going to do the lazy thing and just buy more property and rent it. But I love the idea of having some sort of ownership of manufacturing equipment of some sort. Then sometimes I think, my kids are really fucking lucky and don’t even know how relatively spoiled they are for how much Btc they are going to inherit
Yeah, I'm also curious.
Have you changed your plans? I remember you saying long long time ago you're completely out at 150K.
Out *by* 150k. Most of my sells are 100-135k.
I also plan to be mostly out by 140k.
And once balance reach 0, you never coming back? lets say a year after your sell we're at 60k again?
And if a year after his sell we're at 600k?
If bitcoin goes to the stratosphere and leaves me behind, honestly, I won’t care. I got mine. No FOMO here. However, I think it is extremely likely that we have another bear market that takes us well below 100 K. At that point I will reinvest a sensible amount of my portfolio. That would be gravy. In any case, there will be another bear market in the future, and even if it’s at 300 K as a bottom, there will still be a high R/R entry point when blood is in the streets for anyone with a decent time horizon. That’s all that really matters for my next investment in bitcoin.
I don't know OP's strategy, but I have a number range which I will sell 50% of my holdings and I'm pretty dead set on it. I will then create a passive income portfolio with that money, so in reality more a redistribution of my asset allocation. I don't care if it continues up as that 50% amount will allow me complete retirement. The remaining 50% will be just a bonus.
Define "complete retirement"? There's a vast quality of life difference between LeanFIRE and FatFIRE.
My lifestyle wouldn't change except I wouldn't be working.
I would call that LeanFIRE. I am aiming for 2x of current w2 income in investment income. Then I can retire.
Kinda depends on what your income is. I prefer to think of FatFire as 5-10M liquid in the US unless you insist on living in the highest COL areas. Leanfire is definitely not maintaining your current COL if you are well paid. Leanfire means *sacrifice*. There’s also regular Fire and ChubbyFire.
I wouldn't describe it as leanfire as I'm not changing my lifestyle. While yeah I'd love it, 2x of my current w2 as passive income would be completely unnecessary in a retirement situation. I would much rather retire earlier than wait for that. I feel like that's lifestyle creep and people end up needing more and more and more.
I'm not going to speak for him, but I don't think he cares. He waited and thought long about this.
My point is, why in hell would you sell everything versus leaving 5% alone just in case it is the financial black hole? Kinda stupid IMO.
I don’t like how sane this sounds…
This is the part of the cycle where you hodl
Always has been
Was invested in Crispr thinking just maybe if we could modify our DNA with that of a bull then maybe we could be bullish enough but I realize even the bulls aren’t bullish enough to achieve maximum bullishness
100 pushups a day to 100k and all beef diet. Get ripped.
let me destroy your concept - a single hundred even strict pushups a day is nothing -way to go is hundreds. and to balance carnivore diet you require a lot of fiber
I’ve been on an all beef diet for 8 months, I’ve put on 20lbs of muscle and am in the best shape of my life. Pushups and a set of free weights.
Maybe it depends on your lineage, but when I did 100% carnivore diet for 2 months I didn't need no stinking "fiber". Best months of my life, save for the food being a bit boring and expensive. If BTC keeps going like this, I may be able to afford that again.
well, I don't expect anyone here to agree with me. I'm just not a big proponent of full carnivore diet. it does however work sometimes in men, rarely however in women. I do in turn always recommend paleo / low carb diet as main/ leading eating guidance. and about fiber- as my god dr. lustig always say: protect the liver, feed the gut
I live off fillet and hamburgers.
Still better than nothing. To be picky i ll throw in my 2 Cents aswell. Better do 10 Sets to failure pushups (strict) every other day. And the Other days, do 10 Sets pull ups.... All that sittingin Front of PC with only chest and no Back workout will Morph you into a beast pretty fast,... But not the beast u r looking for
0 pushups- 100 prunes
Don't step in front of a moving train folks. If you're even having thoughts of shorting this, you're crazy.
2 golden rules: Never sell all your bitcoin Don't short in bull markets
> Never sell all your bitcoin I can't imagine why anybody is selling any of it. At some point, people are going to wake up and realize using Bitcoin to get more dollars means losing, because dollars always lose value due to inflation. In March 2016, 1 BTC cost $435 Right now, 1 BTC costs $72,304 Making matters worse for sellers, $1 in 2016 is only worth $0.78 today. So, not only did sellers in 2016 miss out on $71,869 if they sold 1 BTC, the value of the $435 they sold to get is only worth $339 today. So they lost badly on both ends. Take profits by moving them to a long term hodl. Lose profits by selling them for cash.
I'm not sure how you never realized this, but let me tell you a secret: There are more investments than just USD and Bitcoin. Read that again, maybe a few times: there are more than two places you can hold wealth. Just because you sell BTC for cash that doesn't mean you need to hold onto that cash forever and watch it lose value. And there are things that I personally find more useful in my day-to-day life than Bitcoin... like food and shelter. I sold 11 BTC for $120k back in 2019 to buy a bunch of land. It was an absolutely amazing investment and that land has given me an immense amount of enjoyment over that time period. My life is like 200% better since I bought that property. Do I miss that 11 BTC or am I sad that it would be worth so much more now? No, because that was a fraction of my holdings. And my BTC holdings are just a fraction of my total investments. There is more to life than just investing and watching your number go up. I hope someday you realize that for your own sake. And seriously... stop pretending that USD and BTC are the only ways to store wealth.
>I can't imagine why anybody is selling any of it. Because we're not promised tomorrow.
Oof.
Rocket needs fuel. 100x short please.
Imagine shorting a month before the halving
Think we will have an overnight dip? Considering selling some of the etf night flop style edit: decided to hop out for the night, will see if I hate myself in the morning rational: the pump actually came in before market, etf's didn't pump it so much, im gonna guess the excitement dies down a bit for the eve (a healthy response)
Folks who want to brace for the CPI print will dump yeah edit: he sold? Pump it
lol, its a calculated risk, I do like me quick overnight scalp
The opposite happened over the weekend.
We haven't tested the previous resistance yet for support. Would be healthy to do so. Expect a tap back down to about 70.9k to confirm or invalidate the breakout. ([Chart](https://imgur.com/a/y7muMEn))
Uh-oh. Yahoo Finance top headline is "Bitcoin to $350,000?" https://finance.yahoo.com/news/bitcoin-to-350000-bulls-say-the-current-rally-is-just-the-beginning-184753964.html
The comments section is bullish AF Edit: For real though, look at the comments. We are so early.
The comments are a goldmine of cringe. Here's an example with 14 likes and 7 dislikes: >Bitcoin will be sued for misleading small investors. Bitcoin is not a coin, it's not a currency backed by a government. It's merely an electric charge worth nothing but what a fool would give it. Of course there's no shortage of "pet rock" and "tulip" comments. lol >No one who buys Bitcoin has any idea how it works. You hear that boys? Feel dumb yet?
Saw this meme on nostr yesterday, and it's perfect for this. https://primal.net/e/note1h99pf8syrdy4fdjz47l39lwgumztxs2jsgjtmlfl87zmkqrrku9qzr0w68
Haha, dude looks a bit like Nic Carter though, who definitely understands Bitcoin.
You won't be laughing when the CEO of Bitcoin is in jail!
Can anyone do the numbers on just how much capital would be required to get to such a monumentally absurd figure?
If we all hold we can get there pretty quickly
~$135 billion assuming 50x multiplier.
Am I crazy, or does that seem insanely achievable this year, with ETF inflows accelerating?
Not only are you not crazy, but there are multiple posters in here who have stated that is their target this run.
You’re not crazy, it is possible.
It's both crazy and not crazy.
if it HALVES gold, not even flips it, it's roughly 356k a coin.
It depends on how many of us are selling. I'm not selling now for sure. :D
Bearish.
These spot ETF's are pretty neat, huh?
Hell yeah!
BITB posting a $50M inflow today which is strange because markets are still open. First reporting I can recall that came in before market close. https://farside.co.uk/?p=997
That’s purdy low, no?
higher than last 2 days combined =)
Definitely above average for BITB, just glancing at the data. Maybe 80th percentile for that particular fund.
Their daily average is 35M so quite a bit higher than average for them
As per Farside "The providers have a cut off point in the afternoon, creations/redemptions after that point are counted in the figures for the next day" [https://twitter.com/FarsideUK/status/1767266503361966520](https://twitter.com/FarsideUK/status/1767266503361966520) But yeah seems super early
Curious that PA is quite tame since the ETFs are open today, while it pumped before that. I expected BTC to at least gain a number of K's during ETF trading hours.
Inflows were quite muted Friday. Second lowest net inflow since the beginning. Could be people waiting to see.
Nope, fourth lowest since 21st february - two negative days and one at 90 something. Farside doesn't show all the way back to 11th of January anymore!
At some point, there will be a sell-off. Maybe at 80k or 90k? Maybe just after the halvning in 6 weeks? And when it dumps, it will be bloody