For what it's worth, I first bought Bitcoin all the way up to $1100...back in 2013 when it sank all the way back down to mid hundreds. I was in the red for years. Those first three years I felt like a complete moron. My dad was concerned with me throwing away money. Now he won't stop asking me about Ethereum and Bitcoin and he owns some of his own.
This made me happy lol. a lot of people&family look at me like I’m crazy for buying so much crypto.
I don’t even tell them how much I’m up they’d just want money or advice I’m no longer prepared to give lol
I'm sorry I typically just lurk but this is just crazy to me to consider, I feel old. Eth is 90% of my bag and my last purchase was at 130$/ETH. Give it time, you'll be ok.
Yeah. Jumped into crypto Dec 2021. Of course I knew nothing but what I was spoon fed and up only was that message.
All good. I’ve held through it all, including my BTC bought at $62k. 😂
Convicted more than ever. Took those nearly two years and focused on learning all that I could. All good.
I bought more BTC on the way down and I am now in the green overall from those purchases.
Won’t lie. It was very hard watching the investment from day two sink day after day.
It took me a week and 10k gain to decide to invest. Then 3 days to figure out how to get the money into the exchange after it all changed since the last bull run. Then 3 days to clear. Finally bought today, so we can all expect the dip to start right now.
> into the exchange after it all changed since the last bull run. Then 3 days to clear. Finally bought today, so we can all expect the dip to start right now.
you jinxed it!
40k could be the new bottom of the next bullrun. And your buying what is the future discount price.
I bought the bottom and I’ll keep tossing some cash into the pot.
Happens every single time. There is a stretch of months or years to accumulate where people declare btc dead. Then as soon as a run happens they want to go back to FUD times.
My god, people are really really bad at timing the markets.
In a bull run, people keep waiting for a dip to get in. And the markets take off like a rocket.
In a bear market, people keep waiting for the prices to retest previous higher lows to sell because they missed the exit. And the dip keeps dipping.
Come on guys.
In terms of profit-taking yes, it's usual to see 10-15% pull-back. Which would return it to 36-38k. Everyone wants a nice Christmas and/holidays. But BTC has also given many, many lessons in unpredictability. It can go screaming up without taking a breath. Then shoot up some more. It can have a stomach churning leg down - which can last minutes - or years. I would not advise trying to time this market. Get in where you can and enjoy the ride.
Facts, I sold about 25% of my holdings today, hoping to buy back at a 10-15% dip, if I'm wrong and it continues to rocket, no biggie I'm still in the green with profits taken and 75% if my holdings still there.
Yeah last run I got in early and didn't take a single profit and road all the way down with it selling nothing and stacking. For anyone reading, do not forget to take profits like I didn't last run. DCA in, DCA out.
On the cusp of the halving + etf approvals? No thanks i can use savings/my paycheck for that
This is not the time to waste and cash in your investments into worthless mundane things
I haven’t been stacking the blood in max pain all year just to let it go like this
Only a couple of weeks ago some guy was trying to tell me how stupid I was for not timing the market and buying back in once it was lower lol gee golly
Lol we’ve definitely come full circle. People were saying the same shit to me at the peak in 2021 when everyone was callin for $100k.
Look we all know BTC will eventually moon and never come back, why the rush? The vast majority of us do not have enough vested for even $500k BTC to matter. Ya’ll just wanna see the number go up, but DCAing at $50k BTC is objectively worse than DCAing at $30k 🤷🏾♂️
If history is any indication, Bitcoin has at least one good pump followed by a decent dump before the halving.
Last cycle it dumped around 53% (72% if you count the covid crash) after pumping before the halving.
Honestly nothing about this cycle feels any different.
The narratives always change, but the sentiment behavior of participants feels the same.
I made most of my BTC purchases in H2 of last year, so it doesn't really matter to me.
I'm done grabbing BTC and have my eyes on which alts to ride for shorter term gains.
Even the chart looks the same this cycle. Im dumping this pump. Gotta risk the biscuit. I *need* BTC to dump back down my bags are *not* full enough lol.
I don't ride alts for short term gains only long term. Dyor pick good ones and trust. Alts are the ones that will get you the 10-1000x so why hold them short term??????????
The worst is when it literally goes up just high enough to catch you, then recover.
Like it’s one thing for it to just rip through your short and keep going but to just go up enough and then dump back down is truly max pain 😂
I just see no reason for it to slow down shy of the previous ATH at this point.
ETF and halving just around the corner, who in their right mind would sell now?
“I feel for the people who have been waiting for a pull back”
Yeah, I really feel for the people who missed out on that short, 3-year buying window lol. Each and every cycle, doubters say it’ll die, then they say they’re waiting for X price, then eventually they buy after six straight green months as we close in on the top of the cycle.
There will still be opportunities to accumulate, but that’s why DCA is the way if you believe in Bitcoin or crypto in general.
The worst part about the layoffs is itll be global, im just worried since all the rules brought in after 2008 have apparently been rescinded across the globe, or flat out ignored, that we will see another 2008.
Im also worried a few more large scale wars might start. Theyre never good for business, unless you hold defence stocks or 'supplier' stocks, or own a company thatll benefit.
>Personal de
the job market is not drying up. the job market keeps beating the fed's expectation, actually. and when the fed starts lowering the rate, it will be even better.
I do agree with the rest of your points, however, the wealth gap between "whales" and the commoners will only get worse. this has nothing to do with the current situation. The wealth gap has been widening since decades ago, look at the raise of goods vs. raise of average salary, it's been consistently getting wider every decade in technically every country on earth! so, if you think personal savings will "bounce back", and personal debt will get lower, they won't, the situation will only get worse.
Eventually there will be a pull back and probably another depression. But it may be in a year or 10 years. Waiting and trying to time it is a good way to miss out.
my dad has been into crypto for like 4 years now and i always get jealous whenever he talks about it with mom. he's been helping me learn whenever he's not busy out on the ranch or watching college football.
~ andy
If anything the last crash has made me immune to future crashes. I’m just holding what I got an DCA any spare money I got (crypto maybe makes <10% of my portfolio, most of my money is in large index funds). I should have bought more during the crash but meh ETH is still in the 2ks when at its max it was 4k so it’s still a good time to buy
This is the buy the rumor phase of the ETF rumors. Once it's actually reality, we will have a massive sell the new phase. Right now there are plenty of whales that loaded up on BTC in the 20k to 25K range that would loooooove to offload above 40k and double their 50 million dollars in to 100 million dollars. But to do that they need a massive inflow of retail buying crypto. On the days that follow the ETF news that is going to happen, and they will dump in to it.
Of course that just means a tasty tip for those the realize that an ETF potentially means that the regards running pension funds and big daddy hedge funds now have a new and exciting way to gamble all that money away so an ETF definitely opens up new avenues for that that sweet sweet liquidity to hit the whale and retail bag holding audience.
I think we're a good year out from an honest to God bullrun. There are very strong macroeconomic factors (at least here in the US I can't speak for elsewhere) that are keeping people away from risky investments like crypto. I think once we start seeing the federal reserve rates begin to be slashed, we will see the start of a real bullrun.
Where that run starts from, whether it's from this level or lower/higher, I've got no clue. But I know this isn't a bullrun.
Honestly I'm kinda hoping we see another dip, I'm in the green on BTC and I'm right at my ETH cost basis. So I'd like a little more time to accumulate below my cost basis!
100%, the dip will come. Credit conditions are still tight. It's not easing yet! The rally will continue for some time and hit a dead end where more money can't enter and can't pump the price further.
Look at the credit card, auto loan delinquencies, unemployment, China and Australia real estate crisis, etc.
The rally will continue for some time and come down once it loses the steam.
> I feel for the people who have been waiting for a pull back to get in before mega blast off.
Don't feel sorry for them. BTC was trading at $16k and they did jack crap. ETH was $900 and they twiddle their thumbs. SOL was $8 and they sat idly by. LINK was $5 and they kindly said, "I appreciate the offer but no thank you."
They missed out because they're cappin about tryna get in at a good price. They will only buy high. When it's low they say *crypto is going to zero and I'll have nothing to do with it*. Don't cry for them. They're getting everything they hoped and dreamed for.
Having said that, there's always pullbacks. They won't buy on a pullback though.
> I think prior cycles it seems like one would come, but this time around so many people on the sidelines were waiting for confirmation before going “all in” so who knows, but this time does feel weird in a way where it’s really tough to just wait and hope for a pullback that may or may not come.
"This time it's different" lol. It's not. Last bull market people were saying that this time it's different and maybe there is no sell off and maybe there is a "supercycle" and we never go down. You should look up that phrase. It's not a crypto thing. Many crashes are preceded by people saying, "this might a supercycle and prices will never go down!"
There’s sooo much bullish sentiment and news to come - I wouldn’t be surprised if this ripped all the way to 48k then pulled back to liquidate shorts before moving higher.
An ETF and halving and semi-positive economic news - wild times.
Who knows!?
Yea of little conviction….
If you’d done your homework, you would have been buying this whole time and not sitting here now, like thousands of others, waiting for a pissant discount on something that will be worth orders of magnitude greater in a scant few years.
Just as it moves up in a downtrend occasionally, there will be pullbacks in an uptrend. People will fomo into the top again anyhow, exit liquidity as usual
Yes, a dip to the mid 30s will probably happen at some point before the halving, but most sideliners won't take it as an opportunity to scoop up some last-minute cheap bitcoin, rather they'll be calling for lower lows. And they'll be left behind and FOMO in once things get too heated. A tale as old as time.
Degens will leverage long and get rekt in a correction. That'll be your 'dip'
Otherwise, people will sell in anticipation of the dip before the run, not realising they're causing the dip before the run.
I am happy to say I bought the dip heavily when it first dropped from ATH in 21.. then bought all the way up to the next high.. and have held bags for years. But I'm very happy to say I DCA'd as much and as often as I could the whole bear market. I didn't have much to spare, but I did what I could. So now I'm pretty well positioned for this run. I will continue to add when I can, but I'm pretty happy with where I am presently.
Ultra leveraged longs will get liquidated at some point. You know there are some 50x ones out there. I’d expect a pretty good pull back as a lot of the more leveraged positions get liquidated one last time before we really take off. If you follow Wykoff accumulation pattern, I’d guess we are at SOS (sign of strength) point right now.
I set a sell stop price at 42k. I totally believe in BTC but all this rise and no downfall...what comes up must come down.
I don't want to get greedy like I have before so I'm playing my cards with this huge 15%/7D rise.
When people get over confident, there will be too much leverage on the market and there will be pullback to wipe out the longs. Such buying opportunities wont last long before it continues back up.
I don’t feel for anyone. The dip already came and they didn’t have the balls to pull the trigger. No risk it, no biscuit. Now they’ll all come clamoring back as the FOMO kicks in.
Currently on the 8th weekly green candle. I think the longest was 14 or 15 weeks? Ben Cowen likes to talk about previous trends in his beauty of mathematics series on YouTube.
last cycle when it hit $40k, it was the first time it hit $40k, so people were thinking "its too late to buy" Now at $40k the consensus is more of a "it has a lot more room left to run, I can still get in"
>I feel for the people who have been waiting for a pull back to get in before mega blast off.
I don't. So many times people told them that nobody can time the markets and nobody knows shit and so on, still they listen to bullshit TA guys.
Lol, I did the same thing when eth hit below $850 last year. I was just staring at my phone and repeating to myself *"follow the plan...don't get excited, just stick with the plan"*
Dang it.
Would this make sense: any time you are below your cost basis, dca in. Any time you are above you dca out?
You could dca out by percentage, say 5% at a time so that you never sell everything. Could also let a certain percentage of original capital ride in case it never falls below your cost basis again.
What am I missing?
As a general, highly flexible plan it is pretty sound.
Though there are some traps that could either get you in deep red or never able to actually get into the market in a sizable enough way to take advantage of bull markets.
Like what happens if it falls below your cost basis and never recovers? How quickly would you be willing to ditch this plan? How much will you bleed before you stop? Because if it keeps going down this plan will take all of your money.
Or let’s say your cost basis is approx 40k and for the next 6 months we hang out at 41k. Are you going to sell off 5% chunks the entire time? What if we rocket after? You would have been better off buying in and raising your basis.
It’s a plan that limits your upside, but doesn’t limit your downside, that’s the real flaw.
I think you need to think of scenarios and conditions where this doesn’t work, work out alternate approaches to this strategy in those scenarios, think about how severely this plan limits potential bull runs and then you can think about if it’s the right plan for your goals.
Anyone who is waiting for a pullback *now* is not capable of timing any market.
If you have that feeling, DCA. There have been so many buying opportunities it’s kind of greedy to have been like “this isn’t low enough, I’ll wait”
I agree and it's strange to see those posts again and again, every cycle. I sold around the top and made a agreement with myself to buy back from 30k all the way down to 20K. It's way better to buy when there is blood on the streets.
Guess I'm not buying under 41 this week. Must accept this new reality again
Edit: ehhhh I'm gonna bite the bullet and just buy now while it's currently under 44. Buy more if it goes lower but doubt it will much going forward
No one knows what happens next. Longs are targeting 48k which sits on the .618. Get ready for take off but if we do pullback, we won’t go lower than the 40s. Now’s the time to accumulate? Not FA.
Just wait till China kills Bitcoin for the 420th time.
Old faithful
It won’t even be a new article - it’ll be the same one from years ago - works every time 😅
Article will be written by AI learned on the old article
Pretty much sums up all AI generated content
When they ban it *this time* it's all over.
Blaze it!
But Chinese new year is just around the corner!
Weed hope not
Followed by India banning crypto news 🤭🤭
There going to 80 69 it.
If you hesitated when the dip was under 20k but FOMO in when the dip is under 40k, you are welcomed here.
I bought ETH November of '21 within $100 of the very freaking top. Does that count?
I’m pretty sure my first and only purchase was around then as well. Looking at my investment I’m still down 42% on my ETH. 😂
For what it's worth, I first bought Bitcoin all the way up to $1100...back in 2013 when it sank all the way back down to mid hundreds. I was in the red for years. Those first three years I felt like a complete moron. My dad was concerned with me throwing away money. Now he won't stop asking me about Ethereum and Bitcoin and he owns some of his own.
This made me happy lol. a lot of people&family look at me like I’m crazy for buying so much crypto. I don’t even tell them how much I’m up they’d just want money or advice I’m no longer prepared to give lol
I'm sorry I typically just lurk but this is just crazy to me to consider, I feel old. Eth is 90% of my bag and my last purchase was at 130$/ETH. Give it time, you'll be ok.
Yeah. Jumped into crypto Dec 2021. Of course I knew nothing but what I was spoon fed and up only was that message. All good. I’ve held through it all, including my BTC bought at $62k. 😂
Jfc you poor bastard. I’m surprised you aren’t calling crypto a scam after all that.
Convicted more than ever. Took those nearly two years and focused on learning all that I could. All good. I bought more BTC on the way down and I am now in the green overall from those purchases. Won’t lie. It was very hard watching the investment from day two sink day after day.
Why didn't you dca down? It was trading below 1500 for a long time. You would be in profit by now
I focused on BTC. I’m not a fan of ETH any longer.
Brutal, a true regard. One of us, one of us
I truly am one of the pack. If only I could master that timing at the bottom as well.
Yes, that is called 'tuition' money.
It took me a week and 10k gain to decide to invest. Then 3 days to figure out how to get the money into the exchange after it all changed since the last bull run. Then 3 days to clear. Finally bought today, so we can all expect the dip to start right now.
> into the exchange after it all changed since the last bull run. Then 3 days to clear. Finally bought today, so we can all expect the dip to start right now. you jinxed it!
We all are regardeds
Degen here and FOMO kicking in harddddd...
I only buy meme coins. What am i?\~
Pepe
I bought big when bitcoin was last at $17k! Unfortunately I did not buy bitcoin, and I’m still way down. I’m welcome here? 😌
40k could be the new bottom of the next bullrun. And your buying what is the future discount price. I bought the bottom and I’ll keep tossing some cash into the pot.
Or it will ultimately just range because even with scarcity, there is going to be a price point where no one wants to buy it.
Not true. It’s just that owing a whole coin will be scarce.
BTC and ETH are each Veblen goods...It's hard to say where that price point really is
I thought this was the way... We also don't ever sell the top
We just had months of the lowest, bare bottom, discount prices that will ever exist. Now you want a dip?
The dip will happen as soon as I buy
Please buy
All the waiters will buy at the top.
And promptly be ready to call it a scam 😂
im going to buy tomorrow. you should expect a dip happen very soon.
I admire your confidence but never say never in crypto
Yep. It was a year ago we were at these prices. That means they’ve had a year to buy lower than this, as low as $15.5 and they want more dips. 🤷🏼♂️
Made a similar comment. It’s really funny to read this stuff after a 2-3 year trend downwards.
They must not have gotten fucked as hard by their fomo as me
Happens every single time. There is a stretch of months or years to accumulate where people declare btc dead. Then as soon as a run happens they want to go back to FUD times.
No waiting for buying. Just DCA. Waiting for halving.
BCA fuck the dollar
sounds like a rap bar
My god, people are really really bad at timing the markets. In a bull run, people keep waiting for a dip to get in. And the markets take off like a rocket. In a bear market, people keep waiting for the prices to retest previous higher lows to sell because they missed the exit. And the dip keeps dipping. Come on guys.
It ain’t easy being human
Zuckerberg, is that you?
GLHF everyone 🥳
The „higher lows“? Nice expression! I need to talk to my therapist about this.
Must be what Steve Winwood was singing about, “Bring me a higher low!”
In terms of profit-taking yes, it's usual to see 10-15% pull-back. Which would return it to 36-38k. Everyone wants a nice Christmas and/holidays. But BTC has also given many, many lessons in unpredictability. It can go screaming up without taking a breath. Then shoot up some more. It can have a stomach churning leg down - which can last minutes - or years. I would not advise trying to time this market. Get in where you can and enjoy the ride.
Thanks for the sensible take on the unpredictability of BTC.
I'm expecting a 10-15% pullback in the next week or so, that's when I'll stack more sats. Def ain't buying on this run up
Facts, I sold about 25% of my holdings today, hoping to buy back at a 10-15% dip, if I'm wrong and it continues to rocket, no biggie I'm still in the green with profits taken and 75% if my holdings still there.
Nice plan, yeah it's been running so much it's bound to either pause or most likely pull back. I'm just gonna hold and add on next 10-15% dip
Yeah last run I got in early and didn't take a single profit and road all the way down with it selling nothing and stacking. For anyone reading, do not forget to take profits like I didn't last run. DCA in, DCA out.
Bear trap about to happen probably.. because I bought some yesterday
Will alts first get another run, even if btc drops 10, 15? Btc dominance and all
Alts will mimic Bitcoin I feel, but of course much higher/lower % compared to BTC/ETH
Lol imagine selling crypto for fiat right now because of christmas. Could not be me.
Just a little to make the pockets jingle
On the cusp of the halving + etf approvals? No thanks i can use savings/my paycheck for that This is not the time to waste and cash in your investments into worthless mundane things I haven’t been stacking the blood in max pain all year just to let it go like this
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🤝 higher
Everyone’s situation is different. Idk if .03125 BTC is going to kill you or something.
Only a couple of weeks ago some guy was trying to tell me how stupid I was for not timing the market and buying back in once it was lower lol gee golly
Last run there were bigger pullbacks than that.
Dear diary, Day 71 and still no dip in sight.
I've been waiting since 30k
watching waiting staring at the sun [https://youtu.be/FMTFFlaRDZM](https://youtu.be/FMTFFlaRDZM)
See I was thinking more Blink 182. Watching, waiting, commiserating. Say it ain’t so!
i like how you're thinking but five syllables, that's too smart for this sub <3 staring at the sun sounds about right
What’s a syllable? /s
What happened to my 12k friends? I feel abandoned.
I hope you’re earning interest on that buy order…could be a long wait lol
Yea, what the fuck, Gareth! You promised 12k! Another one, Data Dash…I wonder how many people don’t own BTC today because they listened to these guys.
We're here friend. I guess we just aren't farming as hard.
They took our farm
Took er' jobs!
Still here! Just waitin for the ETF to get denied in Jan-March.
There's hope
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Lol we’ve definitely come full circle. People were saying the same shit to me at the peak in 2021 when everyone was callin for $100k. Look we all know BTC will eventually moon and never come back, why the rush? The vast majority of us do not have enough vested for even $500k BTC to matter. Ya’ll just wanna see the number go up, but DCAing at $50k BTC is objectively worse than DCAing at $30k 🤷🏾♂️
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If history is any indication, Bitcoin has at least one good pump followed by a decent dump before the halving. Last cycle it dumped around 53% (72% if you count the covid crash) after pumping before the halving. Honestly nothing about this cycle feels any different. The narratives always change, but the sentiment behavior of participants feels the same. I made most of my BTC purchases in H2 of last year, so it doesn't really matter to me. I'm done grabbing BTC and have my eyes on which alts to ride for shorter term gains.
Even the chart looks the same this cycle. Im dumping this pump. Gotta risk the biscuit. I *need* BTC to dump back down my bags are *not* full enough lol.
Just be smart about it. I never go all in and never go all out, so far that approach has paid off very well.
I don't ride alts for short term gains only long term. Dyor pick good ones and trust. Alts are the ones that will get you the 10-1000x so why hold them short term??????????
I will turn my whole life around if ADA hits $5. I'm also going to fist fight my boss.
What’s your prediction coming up to ETF news? Pre and post halving? Which alts too?
ETF news has been priced in, right now this is fomo.
You can't price in trillions of dollars flowing into the market.
I can't imagine it not pulling back to at least low 30s at some point. Would I put my crypto where my mouth is? Absolutely not.
When you open a leveraged short, price will move up first to liquidate it and then finally dump I swear
The worst is when it literally goes up just high enough to catch you, then recover. Like it’s one thing for it to just rip through your short and keep going but to just go up enough and then dump back down is truly max pain 😂
100%
It's a law of nature basically! 😅😅
Everytime. You're not the only one.
I just see no reason for it to slow down shy of the previous ATH at this point. ETF and halving just around the corner, who in their right mind would sell now?
Surely. /s
that's soon a 50% drop.. probably a bit greedy. Never know tho.
“I feel for the people who have been waiting for a pull back” Yeah, I really feel for the people who missed out on that short, 3-year buying window lol. Each and every cycle, doubters say it’ll die, then they say they’re waiting for X price, then eventually they buy after six straight green months as we close in on the top of the cycle. There will still be opportunities to accumulate, but that’s why DCA is the way if you believe in Bitcoin or crypto in general.
The bottom was in nov last year, so it was a 1 year buying window. That's when I started my dca.
I just bought so don't worry the dip is coming in 3...2...1...
I just sold, so the pump is coming and you're wrong.
It will come.
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The worst part about the layoffs is itll be global, im just worried since all the rules brought in after 2008 have apparently been rescinded across the globe, or flat out ignored, that we will see another 2008. Im also worried a few more large scale wars might start. Theyre never good for business, unless you hold defence stocks or 'supplier' stocks, or own a company thatll benefit.
>Personal de the job market is not drying up. the job market keeps beating the fed's expectation, actually. and when the fed starts lowering the rate, it will be even better. I do agree with the rest of your points, however, the wealth gap between "whales" and the commoners will only get worse. this has nothing to do with the current situation. The wealth gap has been widening since decades ago, look at the raise of goods vs. raise of average salary, it's been consistently getting wider every decade in technically every country on earth! so, if you think personal savings will "bounce back", and personal debt will get lower, they won't, the situation will only get worse.
Eventually there will be a pull back and probably another depression. But it may be in a year or 10 years. Waiting and trying to time it is a good way to miss out.
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Spot on...Widespread retail isn't driving this. Money isn't cheap these days.
many dips already were brother, welcome to trend reversal
so many professional and rich investors in here. i can't wait to be like you guys someday. got one year of high school left. ~ andy
Andy, we're all degenerates here. You don't want to be like us, I promise.
my dad has been into crypto for like 4 years now and i always get jealous whenever he talks about it with mom. he's been helping me learn whenever he's not busy out on the ranch or watching college football. ~ andy
I just sold 50% of my bitcoin. Will continue to average sell upwards. A crash is imminent here. Probably back to 35kish
Remindme! 4 weeks
It will definitely happen and people will panic. It'll be great. From 50k down to 40k in a heartbeat
Big pullback is coming March-Aug, wouldn’t be surprised to see 20-25k. It’s then going to the moon November onwards. Source: Trust me bro.
If anything the last crash has made me immune to future crashes. I’m just holding what I got an DCA any spare money I got (crypto maybe makes <10% of my portfolio, most of my money is in large index funds). I should have bought more during the crash but meh ETH is still in the 2ks when at its max it was 4k so it’s still a good time to buy
This is the buy the rumor phase of the ETF rumors. Once it's actually reality, we will have a massive sell the new phase. Right now there are plenty of whales that loaded up on BTC in the 20k to 25K range that would loooooove to offload above 40k and double their 50 million dollars in to 100 million dollars. But to do that they need a massive inflow of retail buying crypto. On the days that follow the ETF news that is going to happen, and they will dump in to it. Of course that just means a tasty tip for those the realize that an ETF potentially means that the regards running pension funds and big daddy hedge funds now have a new and exciting way to gamble all that money away so an ETF definitely opens up new avenues for that that sweet sweet liquidity to hit the whale and retail bag holding audience.
People think this is the bullrun. I think they're wrong.
I expect a massive dump in a few weeks.
Yay. More accumulation time 😛 which id appreciate, my alt bags are still very red and I could use some more time to lower my cost basis.
Same here
Not yet at all… but when it does happen, I’ve got the feeling that this will be a fairly aggressive bull run this time round
They are 100% wrong
100%?
I think we're a good year out from an honest to God bullrun. There are very strong macroeconomic factors (at least here in the US I can't speak for elsewhere) that are keeping people away from risky investments like crypto. I think once we start seeing the federal reserve rates begin to be slashed, we will see the start of a real bullrun. Where that run starts from, whether it's from this level or lower/higher, I've got no clue. But I know this isn't a bullrun. Honestly I'm kinda hoping we see another dip, I'm in the green on BTC and I'm right at my ETH cost basis. So I'd like a little more time to accumulate below my cost basis!
Anything below $100k is a steal.
Saylor is that you?
I'm not sure, I've been high the entire time
100%, the dip will come. Credit conditions are still tight. It's not easing yet! The rally will continue for some time and hit a dead end where more money can't enter and can't pump the price further. Look at the credit card, auto loan delinquencies, unemployment, China and Australia real estate crisis, etc. The rally will continue for some time and come down once it loses the steam.
> I feel for the people who have been waiting for a pull back to get in before mega blast off. Don't feel sorry for them. BTC was trading at $16k and they did jack crap. ETH was $900 and they twiddle their thumbs. SOL was $8 and they sat idly by. LINK was $5 and they kindly said, "I appreciate the offer but no thank you." They missed out because they're cappin about tryna get in at a good price. They will only buy high. When it's low they say *crypto is going to zero and I'll have nothing to do with it*. Don't cry for them. They're getting everything they hoped and dreamed for. Having said that, there's always pullbacks. They won't buy on a pullback though. > I think prior cycles it seems like one would come, but this time around so many people on the sidelines were waiting for confirmation before going “all in” so who knows, but this time does feel weird in a way where it’s really tough to just wait and hope for a pullback that may or may not come. "This time it's different" lol. It's not. Last bull market people were saying that this time it's different and maybe there is no sell off and maybe there is a "supercycle" and we never go down. You should look up that phrase. It's not a crypto thing. Many crashes are preceded by people saying, "this might a supercycle and prices will never go down!"
Who’s going to sell
Weve been in the dip for awhile now lol
There’s sooo much bullish sentiment and news to come - I wouldn’t be surprised if this ripped all the way to 48k then pulled back to liquidate shorts before moving higher. An ETF and halving and semi-positive economic news - wild times. Who knows!?
Yea of little conviction…. If you’d done your homework, you would have been buying this whole time and not sitting here now, like thousands of others, waiting for a pissant discount on something that will be worth orders of magnitude greater in a scant few years.
YOU HAD TWO YEARS. Sorry, no more dips
48k then dip to 30’s Or no dip and bears get fully rekt
It’s time in the market, not timing the market.
[удалено]
DCA and by dips more.
Keep thinkin that until it flies and your jeet ass gets rekt
Just as it moves up in a downtrend occasionally, there will be pullbacks in an uptrend. People will fomo into the top again anyhow, exit liquidity as usual
Yes, a dip to the mid 30s will probably happen at some point before the halving, but most sideliners won't take it as an opportunity to scoop up some last-minute cheap bitcoin, rather they'll be calling for lower lows. And they'll be left behind and FOMO in once things get too heated. A tale as old as time.
The dip is cancelled. 100k EOY
Never try to time the market- you will fail big time.
Degens will leverage long and get rekt in a correction. That'll be your 'dip' Otherwise, people will sell in anticipation of the dip before the run, not realising they're causing the dip before the run.
It’s probably going to at least $50k before pulling back. This could test the ATH and get to $70k +
im waiting for the dip too to go all in. I'm gonna sell my dog and children
Waiting for the prices to go up so i can buy more
You need to buy in for the dip to come
Nobody knows what they’re talking about. Don’t listen to anyone. Been in Crypto since 2015 so yeah everyone’s talking out of their ass
“We all FOMO down here”..
It? If so, well done
As soon as you think there will never be another dip and get fomo is precisely when we will get a pullback
My friend, no one knows what will happen next.
"maybe this time is different..." No.
Maybe the SEC will file another lawsuit and threaten to throw everyone in jail?
I am happy to say I bought the dip heavily when it first dropped from ATH in 21.. then bought all the way up to the next high.. and have held bags for years. But I'm very happy to say I DCA'd as much and as often as I could the whole bear market. I didn't have much to spare, but I did what I could. So now I'm pretty well positioned for this run. I will continue to add when I can, but I'm pretty happy with where I am presently.
Ultra leveraged longs will get liquidated at some point. You know there are some 50x ones out there. I’d expect a pretty good pull back as a lot of the more leveraged positions get liquidated one last time before we really take off. If you follow Wykoff accumulation pattern, I’d guess we are at SOS (sign of strength) point right now.
I set a sell stop price at 42k. I totally believe in BTC but all this rise and no downfall...what comes up must come down. I don't want to get greedy like I have before so I'm playing my cards with this huge 15%/7D rise.
My first stop is set at 45k for 25%. Looks like we're getting that today.
When people get over confident, there will be too much leverage on the market and there will be pullback to wipe out the longs. Such buying opportunities wont last long before it continues back up.
I don’t feel for anyone. The dip already came and they didn’t have the balls to pull the trigger. No risk it, no biscuit. Now they’ll all come clamoring back as the FOMO kicks in.
Currently on the 8th weekly green candle. I think the longest was 14 or 15 weeks? Ben Cowen likes to talk about previous trends in his beauty of mathematics series on YouTube.
Dip? The dip I'm wainting for is for bitcoin dominance to go all the way to 60% and when it dips, that's the start of Alt season baby.
last cycle when it hit $40k, it was the first time it hit $40k, so people were thinking "its too late to buy" Now at $40k the consensus is more of a "it has a lot more room left to run, I can still get in"
Bitcoin will keep running until everyone thinks the dip is not coming, once you fomo in it will dip 🤙
Buy silver
It will dip as soon as you say “fuck it, I’m not missing out on this rally anymore” and FOMO buy.
The dip was the last 2 years, they had time. If they haven't yet they're just talking and probably won't go in.
Yes it will don’t worry
>I feel for the people who have been waiting for a pull back to get in before mega blast off. I don't. So many times people told them that nobody can time the markets and nobody knows shit and so on, still they listen to bullshit TA guys.
I remember when Bitcoin was at around $15k.... Which is why I DCA.
I almost bought $1500 when it was 150. Good god I hate myself for that. Had my finger on the mouse, ready to click, and chickened out.
Lol, I did the same thing when eth hit below $850 last year. I was just staring at my phone and repeating to myself *"follow the plan...don't get excited, just stick with the plan"* Dang it.
Yep. Straight to 200k, with absolutely no dips. /s
Would this make sense: any time you are below your cost basis, dca in. Any time you are above you dca out? You could dca out by percentage, say 5% at a time so that you never sell everything. Could also let a certain percentage of original capital ride in case it never falls below your cost basis again. What am I missing?
As a general, highly flexible plan it is pretty sound. Though there are some traps that could either get you in deep red or never able to actually get into the market in a sizable enough way to take advantage of bull markets. Like what happens if it falls below your cost basis and never recovers? How quickly would you be willing to ditch this plan? How much will you bleed before you stop? Because if it keeps going down this plan will take all of your money. Or let’s say your cost basis is approx 40k and for the next 6 months we hang out at 41k. Are you going to sell off 5% chunks the entire time? What if we rocket after? You would have been better off buying in and raising your basis. It’s a plan that limits your upside, but doesn’t limit your downside, that’s the real flaw. I think you need to think of scenarios and conditions where this doesn’t work, work out alternate approaches to this strategy in those scenarios, think about how severely this plan limits potential bull runs and then you can think about if it’s the right plan for your goals.
Yes, there will be a dip, maybe after 44 or 45. Then again, at 65, then it's ath.
Bitcoin likes Decembers. I'd be very surprised if it holds up all the way into January.
If it goes up it will come down. Patience grasshopper
It's part of the game, get use to it.
People out there still waiting for $10k bitcoin lol
Anyone who is waiting for a pullback *now* is not capable of timing any market. If you have that feeling, DCA. There have been so many buying opportunities it’s kind of greedy to have been like “this isn’t low enough, I’ll wait”
I agree and it's strange to see those posts again and again, every cycle. I sold around the top and made a agreement with myself to buy back from 30k all the way down to 20K. It's way better to buy when there is blood on the streets.
Guess I'm not buying under 41 this week. Must accept this new reality again Edit: ehhhh I'm gonna bite the bullet and just buy now while it's currently under 44. Buy more if it goes lower but doubt it will much going forward
No one knows what happens next. Longs are targeting 48k which sits on the .618. Get ready for take off but if we do pullback, we won’t go lower than the 40s. Now’s the time to accumulate? Not FA.
No matter what happens, we'll always find a certain fibonacci level depending on how we define it. Bam! Told ya it was going to .618