That's why you buy after the crash, like in 2022. Was much easier psychologically to buy back then, the floor was obvious. When no one wants BTC is when it's best to buy
WTF is now wrong, all cryptos down?
- Thread starter jorge
- Start date
You can't time the top perfectly and even if you can, you won't be able to offload any big amount.
Your best bet is to always sell on the way up but most importantly... BUY ON THE WAY DOWN!
If you don't think you can control your emotions during a -30% day for btc and click the buy button while︀ everyone panics, you are better off buying and HODLing.
Realistically, most people who have been︁ in crypto long enough, know that there is a very high chance that in 1︂ year time, the price will be lower than what it is now.
Do you have︃ the balls to sell everything now and potentially miss out on 80 to 100% more︄ gains?
Can you make sure you have that money ready to buy when the price︅ trades much lower in the future?
These are all things you have to keep in︆ consideration if you want to play the trading game.
Me personally, I suggest everyone I︇ know to just buy and hodl. Am I suggesting people to buy at these prices?︈ No.
Your best bet is to always sell on the way up but most importantly... BUY ON THE WAY DOWN!
If you don't think you can control your emotions during a -30% day for btc and click the buy button while︀ everyone panics, you are better off buying and HODLing.
Realistically, most people who have been︁ in crypto long enough, know that there is a very high chance that in 1︂ year time, the price will be lower than what it is now.
Do you have︃ the balls to sell everything now and potentially miss out on 80 to 100% more︄ gains?
Can you make sure you have that money ready to buy when the price︅ trades much lower in the future?
These are all things you have to keep in︆ consideration if you want to play the trading game.
Me personally, I suggest everyone I︇ know to just buy and hodl. Am I suggesting people to buy at these prices?︈ No.
the only more valuable asset in the world is time
now it's hopefully clear to (almost) everyone that every single person and corporation will need to (somehow) own bitcoin in the future - trading BTC (i.e. speculating on future drop and hoping for re-buy at lower price) was always a bad idea (proven that expected value of just HODLing is︀ much higher) and now more then ever as you can easily find yourself with empty︁ hands and in a very unpleasant position seeing the train leaving
look at all the︂ demand (ETFs, public/private companies, nation states, family offices, all the public institutions, retail didn't even︃ wake up yet and it will) - current holders are more and more solid (incomparable︄ to previous two cycles) and the supply is tiny - what would make you think︅ it should ever go down?
now it's hopefully clear to (almost) everyone that every single person and corporation will need to (somehow) own bitcoin in the future - trading BTC (i.e. speculating on future drop and hoping for re-buy at lower price) was always a bad idea (proven that expected value of just HODLing is︀ much higher) and now more then ever as you can easily find yourself with empty︁ hands and in a very unpleasant position seeing the train leaving
look at all the︂ demand (ETFs, public/private companies, nation states, family offices, all the public institutions, retail didn't even︃ wake up yet and it will) - current holders are more and more solid (incomparable︄ to previous two cycles) and the supply is tiny - what would make you think︅ it should ever go down?
I hope you're right my friend. I can imagine if for any reason some of the big investors / whales dump BTC it will go don't the drain to the toilet and you will have the same as the︀ financial crisis in 2008 or the one in the beginning of 2000! Isolated to bitcoin︁ & crypto.
I locked most of my holding at ~90k, sold half of the remaining unlocked BTC at ~98k.
Im done with this cycle (and crypto in general, for the most part)
Im done with this cycle (and crypto in general, for the most part)
That sounds like a solid strategy, set a cap and stick to it. When people try to get too greedy, that’s often when things go wrong.
On the other hand, if you’re buying something like Bitcoin as an asset rather than an investment, it’s a different story. In that case, you’re not tracking the price in the same way.
On the other hand, if you’re buying something like Bitcoin as an asset rather than an investment, it’s a different story. In that case, you’re not tracking the price in the same way.
Happened to me in '17 but learnt from it so it didnt happen in '21 and wont let it happen this time neither.
Word but not my case; Ive been doing crypto trading only since '17 and Im honestly tired like I need a few quarterly vacations lol
hahaha
TheImDoneAnt sounds fitting 😛
Word but not my case; Ive been doing crypto trading only since '17 and Im honestly tired like I need a few quarterly vacations lol
hahaha
TheImDoneAnt sounds fitting 😛
do you realize that the cycle thingy is gonna end one day?
I'm not pretending I'm sure it will be this time but there are too many auspicious signals and new potential sources of "endless" demand that it's worth very solid analysis - the potential damage of not holding any BTC and the market moving forward can easily eat all he profits form the past
this is actually a crucial question... what will you︁ hold?
I'm not pretending I'm sure it will be this time but there are too many auspicious signals and new potential sources of "endless" demand that it's worth very solid analysis - the potential damage of not holding any BTC and the market moving forward can easily eat all he profits form the past
this is actually a crucial question... what will you︁ hold?
Ive thought about this too brother but Im worth a bit over 8M freedom dollars as we speak so in truth I dont give a flying flamingo if this thing goes to 250k from here
or infinity for that matter lmao
mostly US ETFs but theres other countries in the︁ list too + some real estate (to be defined where tho).
If I dont change︂ my mind ~6M will go to shares and 2M to RE.
I'll own BTC through︃ IBIT but will still keep some BTC in a HW for the maybes.
First thing︄ I'm gonna do is take a few months long vacation and execute when I come︅ back.
or infinity for that matter lmao
mostly US ETFs but theres other countries in the︁ list too + some real estate (to be defined where tho).
If I dont change︂ my mind ~6M will go to shares and 2M to RE.
I'll own BTC through︃ IBIT but will still keep some BTC in a HW for the maybes.
First thing︄ I'm gonna do is take a few months long vacation and execute when I come︅ back.
I cannot be that specific but let say I very well know what shoes you're in and understand the "pressure"
this sounds to︁ me like you think about your success rather as a fluke then anything deeper -︂ I strongly disagree but can respect that
if you plan to hold IBIT then it's︃ a different story (despite an irrational downgrade of BTC exposure in my opinion)
the rest︄ of your plan makes no sense to me but you might be smarter after all...︅
nice plan, good luck
this sounds to︁ me like you think about your success rather as a fluke then anything deeper -︂ I strongly disagree but can respect that
if you plan to hold IBIT then it's︃ a different story (despite an irrational downgrade of BTC exposure in my opinion)
the rest︄ of your plan makes no sense to me but you might be smarter after all...︅
nice plan, good luck