Bitcoin Price Thread

The_Krakenite said:
@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.
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Makes total sense to me. If I keep buying just a little bit, I still have a good chunk of money left if we drop below 20k lets say. If we just keep going up, at least I was still buying. If I wait to buy unless we are below 20k, I might never get to accumulate any more. And if I go all in now, I think there is a very high chance that I miss better prices in the future.

If we didn't have the backdrop of major recession on the horizon, I could feel better about now waiting to deploy more capital, but far too many investing guys are loading up on cash right now, waiting to deploy it after shit hits the fan.
 
NoahA said:
...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....
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Then don't load up all at once. Take that 15K and put in 1K per month. This way you are DCA through the supposed recession that is coming any day now, and when the 15 months are up, you're in at a better price than it is now when the recession is over and it rockets.

Ergo, whether it goes up or down over the next 15 months, in the end you will have an average price that is better than spot in the year following your last purchase.
 
NoahA said:
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....
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Having conviction and being willing to put everything on the line is not easy

I have most of our liquid savings in bitcoin and I have a family with kids. Do I worry about bitcoin price crashing? Of course, but I've calculated the risk and know the steps I will take ahead of time if that happens

I hate fiat, but I hold enough for contingencies and living expenses

Anyway, my point is that maybe in my own setup, you can find a balance that will work for you

It's estimated there are over 100M bitcoin hodlers in the world, some possibly valued at hundreds of millions of $ worth, others much more modest but still could be a significant amount for them (i.e. an Argentinian who put life savings into bitcoin)

If over 100M had a constant fear of bitcoin going to $10K like you, then we would all sell and wait for lower prices, would we not?

And yet, with all of the shit that we've gone through, FTX, BlockFi, Celsius, Voyager, SEC, DOJ, Goldman Gary, Genesis, and from all the fiat cucks assholes banksters, they could not bring down bitcoin below $15K

Fuck them all. They can go to hell

We hodl
 
deaddog said:
Benjamin Cowen Issues Bitcoin Warning, Says History Suggesting BTC Heads Much Lower – Here’s His Outlook - The Daily Hodl
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This guy is one of the few I think are half decent. Most in the crypto space simply don't have a clue.

There is also another guy I like, CTO Larsson, and he is all about trading via math and proven results. He has this phrase "HODL sucks". He shows how he has been able to outperform the buy and hold narrative by quite a wide margin.

So if bitcoin does drop, I think this would be wonderful. I want the bear market to continue. I have more money to dump into bitcoin, and would love a fast drop. I don't want it to be slow, because I will continue to accumulate every week until I run out of money. I would love a 4k bitcoin tomorrow so I could buy maybe 2 whole coins!! Yes, I know I'm dreaming, but I want lower prices.

ps. Its good you're following along. I think you will be orange pilled in the near future.
 
NoahA said:
This guy is one of the few I think are half decent. Most in the crypto space simply don't have a clue.

There is also another guy I like, CTO Larsson, and he is all about trading via math and proven results. He has this phrase "HODL sucks". He shows how he has been able to outperform the buy and hold narrative by quite a wide margin.

ps. Its good you're following along. I think you will be orange pilled in the near future.
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I already like CTO Larsson, even though I never heard of him. That has been my arguement all along, BTC is a great vehicle for trading, HODLing could eventually be a disaster. Trade what is, not what you hope it will be.

Had to look up the meaning of orange pilled, haven't got there yet but that doesn't mean I can't take advantage of trading opportunities.
 
The_Krakenite said:
HODLing lets you avoid paying taxes on the capital gains, and saves on commissions among other stupid risks like fat-finger orders :)
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Hodling is like avoiding paying for insurance.
Trading and paying fees, slippage, is paying the insurance policy.
All well and good avoiding insurance in a risk free world, but that is not the reality of a markets world.
 
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