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Bitcoin Price Thread
- Thread starter Magna
- Start date
Great call, Vanz!
I added some more btc's around that time of your call which are in profits but have not sold any so could still turn around...
I typed long messages when bitcoin was going down that it was a time to buy bitcoin for a longer term view. Bitcoin will be over $100K before eoy, in my humble opinion
The risk/reward was very good buying bitcoin at ~$30K. You can look back at my posts
I bought 3 more bitcoins at $29k-$30K. Those are in addition to the other bitcoins I already own and the 3 that I bought at Coinbase average price mid $30K
I have not sold any bitcoin. So today, I'm posting an update that I will be buying 1 more bitcoin at price of over $46K
Did any of you buy bitcoin when the price was lower for that very good risk/reward?
I bought back in with 100% of funds when it dipped to 42k, but it kept dipping, so these last few months I've been waiting for it to reach these levels again.
Looking back I wish I would have waited for confirmation of a reversal instead of trying to catch the bottom. But if this works out like I think it will it should still be very profitable...
Congratulations on buying at 29k. I was thinking we were going to retest the 20k level again but didn't.
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Thank you very much! I sold significant portion of my crypto portfolio on the way down to go to cash starting at $42K all the way to $37K as I quit my job it was a peace of mind
On some of the bounces, I bought in at $37K (1 btc) and also $32K (2 btc) thinking bull market was back, but I was wrong
The last one was some luck $29K-$30K (3 btc) which seemed to be strong support and on-chain analytics I subscribe to (Willy Woo, William Clemente) were calling for a supply shock as whales have been buying during the last 2 months and it would cause a short squeeze
I bought yesterday at $46K (1 btc) as it seemed to be smooth sailing to $50K, haha, now it's $44K, teach me a lesson
We've had a barrage of extremely good news the past 2 months, I won't list here, some I post a thread on, and yet, the price of bitcoin has not reflected the news, but just a little bit with the move from $29K to here
I hate to mention Willy Woo again but he makes a great point, we got some big players who are not bitcoin/cryptos believers playing in this market.
They are not long term buy and hold for the moon mentality. They sell at 20-50% profits as that's great alpha generation for themselves and their clients, they make their yearly targets in a few months and few trades in doing so (selling), they crash our moon parties in cryptos (bull market momentum)
For reference, Ruffer sold significant bitcoin in the Feb and completely sold out a month or so ago
I started the video when he mentioned this, but there are other sections in the video where he calls "well capitalized noob traders" making trades/taking profits
Yeah ill have to watch some of his videos.
For a while I was following crypto Zombie on YouTube. He was covering all the news and also the technical analysis on the charts. It was so easy to dial in and "feel" what was happening in the market. But he quit making videos so now I need to find another channel.
And most channels I've seen on crypto news and analysis seem very convincing.
But I believe this market will eventually retest 65k and probably break to 100k. I plan on selling 1 last time and then never buying back in again
I wish you would stay even when (if btc) goes past $100K, but nonetheless I wish the best for you in the future
We're on a hyper growth in bitcoin and cryptos adoption. This is great, NGU on the price, but there's more to it, imho. For example, we have allies in Washington from both sides, a whole country has adopted bitcoin as legal tender, and NYDIG and its partners will roll out bitcoin to over 1000 regional banks and credit unions allowing hundreds of millions of US residents to purchase bitcoin, easily
I plan to stay on bitcoin and cryptos and never getting off, completely, only partially cashing out as needed for life's necessities
The book "The Bitcoin Standard" by Saifedean Ammous has solidified my conviction on bitcoin/cryptos even more. Bitcoin has no top because fiat has no bottom
https://elitetrader.com/et/threads/cryptocurrency-users-reach-an-unprecedented-number.360781/
We're still early in the bitcoin adoption cycle
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Willy woo is clueless, just like the rest of us. Not to mention he got rick roll'd at the top
Bitcoin higher timeframe chart looks pretty crappy to me. Seems like a bull trap, sell the bounce, idk how high, 50kish??
FED is still printing and the charts are still going up so IDK.
You've been posting fud
I know it's tough that you missed out. You've been aware of this space for a long time and may have gone long at times
The issue is that you do not have the conviction to hold through the price volatility. Watch the video on my last post with Scaramucci talking about similarities with Amazon price action in the early days
Michael Saylor has talked about the same thing, when was the correct time to sell Facebook, Apple, Amazon or any of the tech growth stocks? When those stocks went down 50%? Nope, the answer is never
We've had DM's and I have been quite clear that I'm a long term believer contrary to your viewpoints that bitcoin and cryptos are going to crash
I feel bad for you as I think you will continue to be bitter for missing out on the greatest wealth creation opportunity for the average person
I recommend the book "The Bitcoin Standard". You can download it for free if you don't want to pay for it. I saw on Twitter the author does not mind and even encourages it
Maybe you'll understand why your fud will not cause me to sell at $50ksh or even in the past when you were posting frantically to sell in the 30k'sh or 40ksh'
Bitcoin has no top because fiat has no bottom
https://indianpdf.com/the-bitcoin-standard-book-pdf/
How do you know that Michael Saylor didn't just buy the top? He called it a scam back then in 2014 and now went all in on debt and leverage. That's a pretty good sign IMO.
My understanding of bitcoin is decent IMO, on technical, as well as economical level. The yam stones and all other bullshit, i was there years ago...
But some of you are just not seeing it. Literally EVERYTHING outperformed bitcoin. Ripple was sued by SEC and removed from all US exchanges, YET IT STILL OUTPERFORMED BITCOIN.
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