how the fuck are you supposed to decide when its a good time to buy?
dca
but dcaing sucks, to get rich you have to get in big at the bottom
just follow the 4 year cycle
what if its broken? its already broken the fact that we had ath before halving.
i just dont understand. why is bitcoin worth 66k and not 54k, 26k, 15k, or 150k right now? why is it not 250k? why is not 2k, 200k, 1 million, 27k, why is it not 64k, why is not 56k, why is not any other value?
but dcaing sucks, to get rich you have to get in big at the bottom
You are an innumerate retard
if you dont want to dca then you'll have to buy in 2010
the paradox of bitcoin is that it's a cryptocurrency so people still want to get rich quick from it, but if you just DCA over a 5 year period you will get rich.
you don't even need that low of a time preference, but people still have ADHD when investing in it and want it to moon asap or they get dismayed and try and trade etc and end up losing it all or being worse off.
i'm guilty of the same mindset a lot of the time so i know it's how a lot of other people think as well, but just buy a bag or DCA and hodl and you'll make it within 5-10 years.
do you realize that you can baghold for 10+ years? I want to get rich already bitchass, not baghold for ages.
this would be the case years ago, not anymore
if you can get in at the bottom, perhaps you can capture a worth it movement
however, at this rate, btc is already 1 trillion, you need AN ADDITIONAL TRILLION to do a fucking 2x, this sucks, which is why i think its struggling so much to keep the price above 70k
"why invest in this if its going to be hell to 2x my money? might as well put it elsewhere"
Ok then, don't buy any assets since they could crab. Spend your money on lottery tickets.
Thanks, I was having a similar problem as OP, but I didn't know about the DCA start. I'll try that.
Holy shit lol are you even old enough to post here? Genuine question
dont buy stay sidelined no one gives a fuck. If the US gov and pension funds are getting it we don't need some poor retard like you.
The absolute best time to buy is it when tanks like during the FTX scandal, what did it tank to, 16k?
how the fuck are you supposed to decide when its a good time to buy?
the entire point of DCA is that you don't have to decide. you just play the averages of today, with the expectation that at some point in the future the value will be higher than your average purchase.
what if its broken?
then don't base your future on speculative cycle graphs. base it on something you believe in, or sit on the sidelines and hope that you are right.
i just dont understand. why is bitcoin worth x
people are willing to sell their coin at that value. if nobody sells, the value goes up until someone is willing to sell at that value. if nobody buys, the value goes down until buyers appear.
this is basic investing information. nobody can predict the future, and in 10 years you will hopefully still be alive and living based on the financial decisions you made today. you can either sit on the sidelines wondering how to make that one amazing investment that made you rich overnight, or begin doing something that works and needs little thought. DCA is that.
When no one cares is the best time.
Did you just consider selling all of your BTC?
Then it's time to buy more.
When it looks boring and no one cares, no one else is buying, either. So, if your dumb monkey brain goes "this looks bleak", turn that around and go "but will it stay that way?".
Once you've held long enough. You don't need to look at indicators or any of that. You'll get a feeling for the market. I followed an oldfag's advice to buy with every penny during the covid lows. When ftx crashed, I remembered that oldfag and dumped all the cash I had into btc. I've never sold. When oldfags talk, follow their instructions.
I bought at 29k and felt retarded for not buying at 16k
DCA is only a better option than lump sum in an upward trend. if the line crabs or goes down you better put down your money during every dip
When Bitcoins goes up, it only means, that the dollar/euro goes down. Nothing more. Bitcoin has no value, it is basically just an inflation meter. It would not be a ponzi, if there wasn't a halving cycle and if it had better tokenomics. Anyway it is a good case study.
DCA starts to get daunting at these levels though, my 0.01 BTC I bought with my DCA this month seems like fuck all.
Then buy alts retard. New current cycle L1s and memes under 1B MC. No last cycle bags. Wait for bitcorn to 2x or 3x from its ATH and the alts will 10x or more. Until then they go sideways down and sideways up.
what if its broken?
we'll see when we get there
its already broken the fact that we had ath before halving
consider inflation and we didn't. Everything is going perfectly as predicted. We are following the previous cycles to the letter.
Buy in the green days, sell yellow. It's that easy.
How much should I wait for it to drop before getting greedy? 60k? I'm not trying to game the market but I want to buy at least semi optimally
I thought the same and could've had an average below 55k USD but I sold off everything at around 60k because I thought it was going to tank hard. go in now or DCA, everything else will be for you to regret
Good advice.
Don't think about how many dollars you want in bitcoin. Think about how much bitcoin you want. Remember 21 million of them will ever be available, and not all of them have been mined yet.
.021 btc is 1 billionth of the supply and is right now about 1400 dollars. 1 billionth of the total supply sounds like a reasonable amount for a newbie, right? Would you rather wait for that to be 1300 dollars? Or 1200 dollars? Would you rather wait for the price to collapse (if it does) and get it for like 700? How would you feel if you needed to pay $1500 or more for it? Is that a dealbreaker?
Lets say you want 100 millionth of the supply, or .21 btc. Right now that's $14,000. Do you have $14,000? How expendable is that money for you?
You need to think of it in terms of amount of btc because bitcoin is a payment system that exists outside of the dollar system. You think in terms of how much of the total supply you want because that's what determines its price. There's only so much available, and if you own it that means that someone else can't own it so they can't transact with it. If you theoretically owned it all, no one else would be able to use the network.
Follow the 4 year cycle retard, buy durring bear, recovery and bull, sell durring mania. Move cash back in durring bear, DCA durring recovery and bull.
2012 bull (halving)
2013 mania
2014 bear
2015 recovery
2016 bull (halving)
2017 mania
2018 bear
2019 recovery
2020 bull (halving)
2021 mania
2022 bear
2023 recovery
2024 bull (halving)
Guess what 2025 will be?
buy when it leaves oversold RSI level("30") going upwards
This time feels very different.It all started going to crap right after the 2024 halving
Kaspa
what are you talking about lmao
just look at the charts, it was always like this
we always started to pump several months after the halving
Stay poor then.
I'm not talking about the BTC price but the price of alts,how many good opportunities there in defi (like airdrop farming) and the general vibes of the space after all,it all went to crap after april
alts just follow btc
they will start pumping again when btc slows down around 90k or so
The year started at 45k. And right now we're around 65k
That's very similar to 2016 which started at around $450 and around July was at $650. (There were also two huge dumps in 206 to the 500 dollar range)
This year has been more typical of a bull year for bitcoin than 2020 was. Comparing to 2012 and 2016.
Alts haven't had the history of bitcoin. But if you wantbto know, usually alts rise durring Mania, not durring the bull.
My prediction is that Bitcoin will have to break 100k for there to be another alt season. You might be waiting till the middle of next year.
yeah it's incredible how closely we are following the 2016 cycle this time around, i also noticed that
we've actually be outperforming it for the most part but checking in every now and then
All the comparisons of since halving, cycle low, and cycle high are interesting.
Also really weird how all the cycle high metrics flared up in april 2021 and we are following performance since the high then in a way that matches with other cycles, even though we got another ATH. 2021 was weird.
Literally everything in this space depends on how bitcoin preforms, airdrops were at peak at some point earlier this year and now you can barely find any reasonable one.
for defi, restaking has been the go-to for most people and its become a big narrative
then buy something that has 99% chances of bagholding to 0
To Fucking Zero mongo
BTC ETFs triggered a pump so big the market thought the bull run came early.
Also, inflation-adjusted ATH is more like $78k
You need to continue educating yourself or you might not make it.
youtu.be
Ayuh. Got my bitcoins in 2011 for basically nothing.
It's easy for folks like me to advise other folks to become my exit liquidity, but honestly I don't know if I would have the balls to take a position today.
restaking is coming to depins too, parasail is making it happen by building that trust between projects and end users
or the ftx fakeout caused prices to dip lower then they would have otherwise so the recovery was actually just overcoming an unnatural dip...
Have you sold? If yes at what price did you sell?
It's always funny watching somebody grabbling with investing not being a guaranteed get-rich-quick scheme.
true but btc also is a get rich quick scheme that actually works
Not sure I'm looking for a reason to trust a project anon, I just want to buy and then watch price go up, is that too much to ask for?
Yeah, I sold some at around $30K before the 2021 top. Enough to set me up, allow me to stop working and do whatever I want.
I have more left. Might sell some in '25 or '29 idk.
It's not a get rich quick scheme if you understand its true purpose and how it actually works
it's not JUST a get rich quick scheme, but it is a get rich quick scheme. any early stake in revolutionary technologies is.
Probably why you're still poor because a good project needs a product that works which will in turn make price go up kek,
Fairs man, I like the part where you stop working, I hope to get there someday
Buying altcoins is the best way to get rich and that's why I'm going deep into the likes of RIO, TAO, COSMIC and NAI
You want to make it without risking, make it make sense. Go for altcoins instead, QAN and NEAR can get you that 100X instead of settling for 3X on BTC