"Prolly nothing"
Bitcoin Price Thread
- Thread starter Magna
- Start date
"Prolly nothing"
It is kind of surprising how quiet things are.
I would love to take a position today but my fear is my greed will bite me in the ass.
Not shorting, sitting back, could be dummy direction atm, not trusting anything.
Not shorting, sitting back, could be dummy direction atm, not trusting anything.
I did just watch a video from a finance channel who had Ben as a guest, and if I recall, he thought the high in 2023 would only be 35k. Perhaps it was just a temporary top, I'm not quite sure, but he certainly wasn't that bullish for ATH's this year I don't think.
For me personally, I am reluctant to make any big purchases. I'm just doing a bit of DCA, but eventually I'd like to pump in another $15k into bitcoin, but I'm hesitant. Since I'm very bearish on the economy once this monster rally is over with, I do believe there is a high chance of lower prices before bitcoin really takes off. Seeing that drop is 2020 down to $4k, I can't help but think a strong recession will have to drag bitcoin down with it. People will be selling whatever they can. I would hate to load up at 30k when it could go down to 10k with a nasty recession before the printers ultimately turn on again. But shit, my guess is as good as those above headlines....
@NoahA
None of what you are saying is making much sense to me. And I can't even figure why you are DCA the way your processing works. So you are worried if you buy at today's discount-to-prev-high... that the price may go down more, giving you an even better bargain?!
What more could you ask for? I think you need to get out of investing/HODLING.
None of what you are saying is making much sense to me. And I can't even figure why you are DCA the way your processing works. So you are worried if you buy at today's discount-to-prev-high... that the price may go down more, giving you an even better bargain?!
What more could you ask for? I think you need to get out of investing/HODLING.