Official Bitcoin Thread

2,299
2,012
Joined Oct 16, 2010
Bitcoin trying, but the overall market is just too bearish now.

As Nasdaq continues to plummet, many traders with BTC will be forced to sell to meet margin calls.

I love BTC, check my post history in this thread for many years now, but I am just being realistic.

Hoping to buy many more coins for cheap when the dust settles.
 
72,807
21,559
Joined Apr 4, 2008
Bitcoin trying, but the overall market is just too bearish now.

As Nasdaq continues to plummet, many traders with BTC will be forced to sell to meet margin calls.

I love BTC, check my post history in this thread for many years now, but I am just being realistic.

Hoping to buy many more coins for cheap when the dust settles.
Actually canceled my dca’ing for bitcoin. Not because I need the money, but I rather throw it toward stocks while tech goes on sale. If corn comes down heavy, I’ll reverse back to buying but I’m pretty happy with what I have for now.
 
72,807
21,559
Joined Apr 4, 2008
I quit dca Bitcoin too. You guys flamed me last time I said that. :lol:
At your stage in the game it’s the only way you can accumulate safely. If I was still in the aggressive accumulation stage, I would dca. At this point, I’m only going to be buying pull backs that are minimum of 10-15%.
 
22,532
24,343
Joined May 25, 2004
At your stage in the game it’s the only way you can accumulate safely. If I was still in the aggressive accumulation stage, I would dca. At this point, I’m only going to be buying pull backs that are minimum of 10-15%.
I got so hyped at the eth sale I blew my btc budget on eth. I’ll resume shortly.
 
812
979
Joined Nov 27, 2012
TBH I'm slightly confused with the talk of not doing DCA anymore.

Are you saying it's not the play anymore or is it only because you are sitting at a level that you feel good with?
 
72,807
21,559
Joined Apr 4, 2008
Part of me is talking **** but here’s the thing, we have a lower high forming and there will be a pull back to the 38-42k range again, I expect a bounce, that bounce needs to be strong, with heavy volume and conviction. If it’s anemic and makes another lower high, that’s when 20k becomes something I actually think can happen, until then, I’m just talking ****. Having said that, I wouldn’t be surprised because bitcoin ****s with people all of the time. I’m actually raising some money here so I can move it into stocks. But I wouldn’t be trying to time the market. Just accumulate and know the max risk. We don’t ever go below 20k again unless another liquidity crisis hits like last year.
 
8,543
7,273
Joined Mar 10, 2013
It would not surprise me one bit to see BTC under 10k again. The **** is completely pointless other than a store of value that I think will ultimately appreciate (for no good reason, but I'm always going to have some).

At least with gold I can rock some rings n ****.
 

cs02132

Supporter
9,069
7,361
Joined Nov 1, 2007
i paid a miner’s fee (one time, i believe) to set up my wallet to the network on opensea. I dont think u have to pay to mint assets after that.
How was the whole process? I have some images I wanted to make shirts with I wanna put up and see what happens
 
2,299
2,012
Joined Oct 16, 2010
It would not surprise me one bit to see BTC under 10k again. The **** is completely pointless other than a store of value that I think will ultimately appreciate (for no good reason, but I'm always going to have some).

At least with gold I can rock some rings n ****.
BTC dropped 85% from the highs 3 different market cycles now. When it was 20k in 2017 no one thought it could drop back to 3k. It did - 85% drop.

85% drop from 58k = 8.7k. Absolutely realistic possibility. I don't buy the "this time is different because institutions bought" argument.

Sure, BTC could still reverse and run to 100k+ before this market cycle is done, but we have seen plenty of topping signs already (NFT bubble, elon musk, etc).
 
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