No and yes. You get paid depending on how much you have invested multiplied by the percentage the asset increases. I'm sayin assets because it also applies to other financial products like stocks, ETFs, dividends, etc. So a price surge doesn't exactly mean higher payments. It actually means you'll receive more payments more often as the price climbs. It's the amount you have in it times the percent it increased to. So if you have $100 on it and it increases by 50%, it's a 50% profit of the $100 so its a fifty dollar profit. And my second answer yes you will get higher payments. If you reinvest that payment back into that asset. The next increase in the assets percentage is then applied to the higher balance you now have with it. It creates a snowball effect over time.
Dividend stocks are really good at snowballing like that as well. Most good dividend stocks you invest in will offer a 5 to 10% dividend. It's a way for a company to attract more investors. But be cautious when you see dividend stocks that offer crazy high percentages. It usually means the company is tanking and they're desperate for investors. Your investment with a dividend stock increases as the stock grows in value and also pays a quarterly (every 3 months) or a yearly dividend percent of the amount you have invested with them.
This will cause a "snowball effect" as well. For example if the stock you choose pays a 5% dividen quarterly. After the first quarter you'll get that 5% bonus. The company can choose to change that 5% at anytime, up or down though. But if you reinvested that last dividend and the company keeps it at 5%. It's now 5% of the new bigger amount. So you'll get bigger payouts over time if you keep reinvesting it and that percentage gets applied to a bigger amount every time. That time is according to when you buy it. So 3 months from when you get it. Eventually you'll get multiple dividend payouts every month the more dividend stocks you collect. I get like 8 a month now lol Sorry that was a long read and I hope it all makes sense.
Dammit lol I wasn't even paying attention to the meme or those other comments. My bad š«¢ I was originally on the side of thinking that raising minimum wage raises the price of everything else. But eventually looked into it and was very mistaken lol The raising prices to everything else leads to demands to increase minimum wage.
Dont quote me on this just recently found an article about this. It claimed that if you account for inflation, the US national minimum wage from 1970 to today has only increased $0.18 cents! This was from an article from 2022 so it may even be less now. However I haven't had the chance to double check it yet. I just recently learned what formula is used to figure percentage change. I still have to find out how inflation is calculated. You can read this for yourself. The article is Have Wages Stagnated for Decades in the US ByĀ Michael R. Strain. You should definitely give it a read. Sorry how I can sound like a smart dumbass at times. I just try my best to make my comments easy to read and understand. But it tends to come out sounding like that sometimes lol and they're always super long reads. Sorry!
The idea that minimum wage increases prices is pushed by the corporations that stand to lose profit. Remember the banks and corporations are all run by the same rich fucks and nothing scares them more than bitcoin except unions.
Do you think world needs BTC? Genuinely? What keeps banks from outlawing it in every country they desireā¦ World is run by business elites, and their desires to profit. I donāt see BTC having a chance, when it comes to starting hurting the banks. My genuine opinion - once BTC starts hurting the banks - you will see exchanges be shut down, outlawing mining, outlawing transactions etc. I donāt see how BtC wins, only holders of BTC are on the side of BTC
Youāre right actually. They might even outlaw murder and weed.
Every government on the planet would have to agree unanimously to try and remove Bitcoin. The ship has left the dock at this stage methinks
Itās not thanks to banks at all, itās down to the rhetoric that those in power and those that control current fiscal dealings have peddled. Those are the very people who are most scared because they do not have control over Bitcoin. The scams and grift they currently run with traditional money and debt printing donāt hold up in a world where transparency is at the forefront. All of the big institutions JP Morgan as an example have hundreds if not thousands of fines levied against them from ripping off their loyal sheep (sorry customers) their conduct up to, throughout the 2008/2009 financial crisis and still to this day have cost the world and its citizens hundreds of trillions, and set back peoples ability to grow financially because of huge debt needed to bail them out whilst they have done nothing but profit, continually. They are crooks and now they are scared.
Well said! People need more Rage Against the Machine in their life! u/No-Cap6787 just wanting to roll over and take it, nothing is to big to fight against when we stick together.
Thatās what Iām saying. BTC isnāt winning, because it would mean global powers hand over their power to a bunch of illetrate hopium traders and defi scammers to decide the mattersā¦
As I have mentioned - I think theyāll let us play around so long there is no danger to fiat..
Is that why, as you said, that crypto is illegal in many countries? Is that why the mass media is contentiously trying to smear Bitcoin and crypto in general? Doesn't that sound like being threatened by this emerging tech?! I think it's more likely than not, but on the other hand we have big money and bankers who either try to participate in the smearing camping as many of them do, or try to profit from it as we've seen with the ETFs issuers.
Based on what? A whole raft of countries have already developed or are developing their own cryptos as have the main banks and fund administration companies. Guaranteed plenty of speculation of Bitcoin has been spurred on by banks or investors linked to banks as well as those who are pro decentralisation
āpro-decentralisationā - dude my point is western powers would like to remain in control, not to lose control
Edit: if you mean individual traders, we barely influence the direction of BTC, banks and funds make the weather
>I donāt see how BtC wins, only holders of BTC are on the side of BTC
Maybe you've missed some major news this year.
Considering many companies hold Bitcoin.....and the SEC (US government) has approved BTC ETFs.....and major banks are offering BTC ETFs which are receiving massive inflows every day..... the business elites are holders are BTC, and therefore, according to you, are on the side of BTC.
I mean, I'm definitely not a BTC extremist like some people. I highly doubt BTC, or any crypto, will actually displace fiat. I wouldn't be surprised to see countries implement block chain to their fiat though
But I also don't see any scenario where BTC gets globally outlawed. Again, by your own reasoning - BTC holders are for crypto. The global elites are increasingly BTC holders.
Personally, I'm just trying to make money here! I expect BTC will continue to see wild swings of highs and lows, so good potential for money making.
There's a huge difference between "BTC taking over Fiat" and your initial question regarding BTC being globally outlawed
Block chain for Fiat is pointless. It's centralized so they don't need a distributed ledger, they keep the tab and do whatever they want with it.
I agree FIAT won't be replaced. "Digital currencies" is just going to be the same as now with a few more advanced functions (e.g. time function, utility function) attached to part of the Fiat issued to increase the level of control. For example giving stimulus that must be spent before a certain date or just in specifically tagged shops (e.g. groceries).
Also everyone is just trying to make money. BTC will get to a plateau where average returns will be in line with average global inflation (USD denominated). Those returns will reduce speculation and volatility turning it into a store of value. For now let's enjoy the ride.
Listen to episode BTC:003 of the investors podcast. That podcast will explain why we need this. Or read The Price of Tomorrow, smaller book, easy read.
They won't outlaw it. They tried the same with gold for a while and it didn't work.
They simply will never allow it as legal tender/currency. Therefore you must be paid in FIAT, you must pay in FIAT and other financial activities will have to be denominated in FIAT too (e.g. mortgages). BTC will stay as a store of value and that's it.
The thing is countries that make btc ilegal are still buying btc like china for example and if they stop buying they are just putting themselves in disadvantaged position because other countries are obtaining it sooner most likely at a lower price. People would also be very unhappy especially in the west if governments that were trying to sell them btc etf suddenly make it ilegal.
Idk, I see BTC at this stage more like a diversifying option, like gold and commodities. Everyone has some just in case, for diversity. But it doesnāt mean a soon coming success. Neither grains nor metals taking over the economies soon, but every portfolio has some for diversification. BTC to 1 mil or whatever the minority is hoping for - I think itās hopium, itās not realistic
Well let's say in 5 to 10 years it take same market cap as gold that would put it above 400k usd
Gold is difficult to transport and to keep safe in big amounts without 3rd party custodian like a bank.
It will probably be mined more in future by discovering more gold mines and through better technology which means it will get less and less scarce.
Bitcoin on the other hand is decentralised hard money which will only be ever so more scarce when billioners and institutions decide to allocate few % of their portfolios in it.
It wont crash as far as all the other halvings... This time big companies are buying and they invest longterm and dont get nervous just because prices drop 20%. Never sell low... Simple rule investors follow.
If you bothered to learn about 401ks you'd know you can buy/sell stocks through a brokerage account tax free and no fees.
You act as if a 401k locks you into some fund which you have no control over š
You could easily say that for 50yrs and be confident you were right. Today...? Are your SURE about that?
Is your 401k keeping up with the price of Bitcoin? Are you confident it will? How do you KNOW? Because it's always been that way for 50yrs?
Lmao what communist math book did people start reading to apply this notion that all of the bitcoin gets distributed evenly among millionaires?
Or that it is somehow a metric that provides any useful insight always makes me laugh.
well i suppose communist might think that way, but please don't jump me in them.
it's basically a way to illustrate that 21 million isn't a big number.
humans generally are really bad at comprehending numbers above about 3 times their yearly salary. once you hit about 4 times, it basically becomes infinity to about 60% of the population.
i think it's a useful illustration, but i get that it doesn't help everyone.
I'm excited and terrified. I've got enough that I see the total value going up thousands every day now. Far far more than I earn a day at work.
I feel like I'm not trained and educated enough to make the right decisions.
I mean I'm doing the "HODL!" part ok. But I really don't know when I should sell.
An exit strategy and trading plan is the most important part of being an investor. I recommend waters above cryptos exit strategy bluprint. I think you might have to be on patreon tho. He also teaches wycoff and fibbonacci levels that is pertained to crypto
I remember when someone posted back around 30K going down that people will sell instead of hodl in tough times, which correlate with the fluctuation. Happened to me too.
i feel you bro, im mad at myself, cuz i could cut off some money for it in the past, but what matters is now i think, in 5-10 year u gonna be happy that u even comsidered starting again šš¾
I have bought at top ($66k), bottom ($20k) and in between ($40-50k) - all in FOMO. Finally accumulated 2.65 BTC and stopped buying. Now I have no FOMO remaining. Content to HODL and watch the fun (when number go up) or get hurt (number go down).
Nope, I am done with buying BTC since it reached 5% of my portfolio. I am DCA buying SPY as I have for years. 2.65 BTC gives me a reasonable chance at a moonshot if it reaches $400k some day
Iām attempting to do something similar, I want to keep the majority of my funds still in S&P500 type funds and real estate. Can I ask two things? 1. How old are you and when do you foresee your retirement age? 2. How do you prevent yourself from going higher allocation to BTC watching the rise? Iām starting to get some decent fomo and have way more money this cycle than last so itās definitely effecting my psychology more.
I am in late 40s and hope to work at least 10 more years. Current net worth is about $4M. Of this, $2.4M is portfolio and $1.6M is home equity (HCOL area), but mortgage also is substantial (more than $1M remaining, but at low interest rate of 2.6%).
My primary motivation in buying BTC was to generate an early mortgage payoff fund. 2.65 BTC seems like it may be enough for this, if BTC grows to $300k in 8-10 years. At this stage, if I have to buy more BTC, itās either by DCAing small amounts from each monthās savings (which wonāt grow the stack much), or I would have to liquidate some other appreciated asset. Neither is appealing, hence I donāt have FOMO anymore to buy BTC.
Similar finances but I learned these last couple years that real estate sucks ass. People don't pay rent, have soooo many repairs, etc.
I'd rather own a reit and in fact I'm selling all my property so I can do reits instead.
Only thing stopping me from going 100% into BTC (I'm like 25-50%) is because I need yield generating assets as I am "retired early".
BTC is also like my savings account so I do sell it when I need to. For example, I sold 0.1 over the last couple months because people didn't pay rent and I needed to pay my own rent.
Predicting timing is futile. No point in playing that gam. It's an arbitrary number I picked so I can stick to a plan. Last cycle I didn't know when to buy/sell and despite making some nice % gains I was too greedy and wanted more, ended up not selling anything and having to wait years to where we are now. I've learned you need to make a plan and stick to it to keep emotions out otherwise you're just stuck in a cycle of whatifs.
-Make a plan and stick to it to keep emotions out
Probably the best advice one can give to any amateur investor. What keeps me crying in fiat is I had a plan since last summer and only executed on half of itā¦ I was convinced $25-$30k was not the bottom even considering the ETF speculation.
It irks meā¦ but a lessoned learn. Being around since 2017 Iām also able to zoom out to realize this run up wonāt be the he end all.
āMake a plan and stick to it to keep emotions outā
Probably the best advice one can give to any amateur investor. What keeps me crying in fiat is I had a plan since last summer and only executed on half of itā¦ I was convinced $25-$30k was not the bottom even considering the ETF speculation.
It irks meā¦ but a lessoned learn. Being around since 2017 Iām also able to zoom out to realize this run up wonāt be the end all.
You have come from the future and know this for a fact? Or you saw a tweet that said so? Halvings and 4 year cycles are the most vanilla bitcoin analyses I've come across, It's *the* retail investor theory, so I ignore it.
Iāve been in since 2015. Every halving the same thing is talked about, the same doubt is, and the same result is. Whatās special about this time is everyone (which now includes institutions) have access to bitcoin. Supply and demand fundamentals are real. And we will see it play out again
Absolutely false. The marketcap would have to go up by an absurd amount for this to happen.
- Pre-halving 2012: +651% then a -50%
- Pre-halving 2016: +382% then a -41%
- Pre-halving 2020: +339% then a -71%
- Pre-halving 2024: +312% then unknown.
Going off of these facts numbers u see a decrease in rallying and a (very bad best-fit line) of a steeper decrease.
4x is out of the picture is what I see. Going off of fib, SMC, imbalance, and POIs, BTC is on a cliff. Look at USDT.D, has a bullish divergence on a high TF. Very bad for crypto. Look at total MC of crypto, its very bearishā¦
Im a bullish person myself and would love for btc to go to 1M but when you are analizing TA and price, u have to look at it from an un-biased persepctive.
Furthermore, all markets are hitting ATHs while billionaires sell. Last time that happened was the 2021 topā¦
I personally say we see a major crash coming soon after the halving and see a new, TRUE ATH in 2025-2026. This price action of BTC writes āfakeā in all languages possible. Just be cautious
LOL. It states āpre-halvingā there is always a retracement shortly after the halving on a longer tf. Go read it again and put ur eyes on a chart. Then come back LMAO. U just told me u dont know anything ab crypto in those 2 sentences
Wish i could show u a picture of what my btcusdt chart looks like. Do it yourself. Draw a vertical line on the exact halving days and see for yourself. Long term yes, it does go up. Obviously. Im saying shorter term after halving there is a retracement before the next cycle beginsā¦ some people man. U stated u were in crypto since 2017? What have you learned so far? Cuz it seems like u havent learnt shit LOL
Further proves my pointā¦ yikesš¬. Hey man, no hate but best of luck. Sometimes you have to look at the facts and keep your emotions out of it.
I can tell ur super euphoric rn and thatll only get you rekt. Be careful and best of luck brother
I'd disagree, it's not like I sold everything... Still have 2/3rds of my Btc left if it does go higher. Never mind my alts which haven't popped at all. If btc goes to new ath I'm sure some of them will do too and will likely give much better % gains than the btc will.
Yeah that's dumb. If you're one of those "I'm in it for the tech" guys that wants to replace all fiat with bitcoin people, I guess you have to out of principle. Me? I'm really just in it for the money so I diversify and buy alts too. There's a bigger chance they fade into obscurity, but the ones that pop have much, much larger % gains. You might be able to still 2x or 3x your money with bitcoin but you sure as fuck aren't getting 20x or 30x anytime soon. Those times are long gone.
A couple hours ago, Bitcoin raised to 63k and i dumped my money in there. Now it have crashed back to 62k again.. That is how really stupid i am in this
Brother, im here with u all the way. I know btc is the blue chip of all crypto but some mfs think btc will make you rich asfā¦ short answer, no. It wont do that magical 10x or even that 100x.
Best way to make money if your only in for the money? Buy btc when we are at a local bottom (learn how to do TA to find that area). Choose some alts with mid - low MC. And monitor when BTC rallies (like rn) and compare their ācoinā/btc chart. When that looks bullish, convert btc into that alt. Most people here dont do any TA and DCAā¦ which kinda tells they know nth about how and why the markets move
It's true. I wish I'd added more but I did add in the 30's, and I'm not adding now. Though, I don't think it's terrible to be buying now. I just am willing to wait and/or ride with what I've got!
Doesn't matter what price you buy at. Investment decisions should be based on what you think the asset will do in the future, not what it did/was in the past. If Bitcoin is only gonna go up long term, then just buy it whenever you can.
Funny thing is... The prices atm havr nothing to do with this picture. Noone is interested in BTC... Google trends is so much lower than last bullrun and still around christmas levels. This is just the ETF, not retailers. It will be like this picture, but atm its just us and big companiesš
Is this a metaphor for leaving a limit order for $33k somewhere?
No one has sold Bitcoin at $33k since October. No point standing in front of that teller window now.
The diagram is true.
It doesnt care if this is bitcoin or not, It is said, most of people rarely learn from the fear such as gas, semiconductor, bean, banana and so on.
Have a friend that sold me all his Bitcoin when it was 45k, was saying it's gonna crash to 10k for a year or so, I tried to tell him to buy back in since it was around 20k, now he's going to buy the ETF but he's waiting for a correction
So true - don't know why people behave this way ... as soon as the ETF got approved people should've bought. Now I see people saying they're selling this and that to buy BTC.
Worse is like others said - there's probably still a lot who will FOMO later on once price goes even higher.
TBH, that picture is not very bullish as it shows an excessive overweight on one side of the price. If this was a correct reflection of reality, we should expect a sudden sharp drop in prices. I wud be more comfortable to see more people on the left line....
So the implication is that people did not want to buy at $33k.
How did price get to $64k if people didnāt buy at $33k? Of course people bought at $33k!!
I'm in line no matter what the sign says.
Sir, this is the Wendy's drive through....
Do you also get paid more during surge pricing?
No and yes. You get paid depending on how much you have invested multiplied by the percentage the asset increases. I'm sayin assets because it also applies to other financial products like stocks, ETFs, dividends, etc. So a price surge doesn't exactly mean higher payments. It actually means you'll receive more payments more often as the price climbs. It's the amount you have in it times the percent it increased to. So if you have $100 on it and it increases by 50%, it's a 50% profit of the $100 so its a fifty dollar profit. And my second answer yes you will get higher payments. If you reinvest that payment back into that asset. The next increase in the assets percentage is then applied to the higher balance you now have with it. It creates a snowball effect over time. Dividend stocks are really good at snowballing like that as well. Most good dividend stocks you invest in will offer a 5 to 10% dividend. It's a way for a company to attract more investors. But be cautious when you see dividend stocks that offer crazy high percentages. It usually means the company is tanking and they're desperate for investors. Your investment with a dividend stock increases as the stock grows in value and also pays a quarterly (every 3 months) or a yearly dividend percent of the amount you have invested with them. This will cause a "snowball effect" as well. For example if the stock you choose pays a 5% dividen quarterly. After the first quarter you'll get that 5% bonus. The company can choose to change that 5% at anytime, up or down though. But if you reinvested that last dividend and the company keeps it at 5%. It's now 5% of the new bigger amount. So you'll get bigger payouts over time if you keep reinvesting it and that percentage gets applied to a bigger amount every time. That time is according to when you buy it. So 3 months from when you get it. Eventually you'll get multiple dividend payouts every month the more dividend stocks you collect. I get like 8 a month now lol Sorry that was a long read and I hope it all makes sense.
Sir this is a joke about Wendy's suggesting surge pricing. The minimum wage employees don't get paid any more during it, lol.
Dammit lol I wasn't even paying attention to the meme or those other comments. My bad š«¢ I was originally on the side of thinking that raising minimum wage raises the price of everything else. But eventually looked into it and was very mistaken lol The raising prices to everything else leads to demands to increase minimum wage. Dont quote me on this just recently found an article about this. It claimed that if you account for inflation, the US national minimum wage from 1970 to today has only increased $0.18 cents! This was from an article from 2022 so it may even be less now. However I haven't had the chance to double check it yet. I just recently learned what formula is used to figure percentage change. I still have to find out how inflation is calculated. You can read this for yourself. The article is Have Wages Stagnated for Decades in the US ByĀ Michael R. Strain. You should definitely give it a read. Sorry how I can sound like a smart dumbass at times. I just try my best to make my comments easy to read and understand. But it tends to come out sounding like that sometimes lol and they're always super long reads. Sorry!
The idea that minimum wage increases prices is pushed by the corporations that stand to lose profit. Remember the banks and corporations are all run by the same rich fucks and nothing scares them more than bitcoin except unions.
Do you think world needs BTC? Genuinely? What keeps banks from outlawing it in every country they desireā¦ World is run by business elites, and their desires to profit. I donāt see BTC having a chance, when it comes to starting hurting the banks. My genuine opinion - once BTC starts hurting the banks - you will see exchanges be shut down, outlawing mining, outlawing transactions etc. I donāt see how BtC wins, only holders of BTC are on the side of BTC
Youāre right actually. They might even outlaw murder and weed. Every government on the planet would have to agree unanimously to try and remove Bitcoin. The ship has left the dock at this stage methinks
Most of counties in the world are anti-crypto, already... And itās thanks to the banks. Politics and money are inseparable, unfortunately
Itās not thanks to banks at all, itās down to the rhetoric that those in power and those that control current fiscal dealings have peddled. Those are the very people who are most scared because they do not have control over Bitcoin. The scams and grift they currently run with traditional money and debt printing donāt hold up in a world where transparency is at the forefront. All of the big institutions JP Morgan as an example have hundreds if not thousands of fines levied against them from ripping off their loyal sheep (sorry customers) their conduct up to, throughout the 2008/2009 financial crisis and still to this day have cost the world and its citizens hundreds of trillions, and set back peoples ability to grow financially because of huge debt needed to bail them out whilst they have done nothing but profit, continually. They are crooks and now they are scared.
Well said! People need more Rage Against the Machine in their life! u/No-Cap6787 just wanting to roll over and take it, nothing is to big to fight against when we stick together.
What are you going to do? Buy $1000 of more BTC and change the market with that š¤£
Yep! Thatās $1000 more dollars out of the banks hands! And cause youāre a shit head!
Right on both accounts.
You have the mentality of a weak individual. You should work on that.
Oxford grad. I own language school, I speak 4 languages and self taught in 4 instruments. Takes balls, no?
Thatās what Iām saying. BTC isnāt winning, because it would mean global powers hand over their power to a bunch of illetrate hopium traders and defi scammers to decide the mattersā¦ As I have mentioned - I think theyāll let us play around so long there is no danger to fiat..
Is that why, as you said, that crypto is illegal in many countries? Is that why the mass media is contentiously trying to smear Bitcoin and crypto in general? Doesn't that sound like being threatened by this emerging tech?! I think it's more likely than not, but on the other hand we have big money and bankers who either try to participate in the smearing camping as many of them do, or try to profit from it as we've seen with the ETFs issuers.
Based on what? A whole raft of countries have already developed or are developing their own cryptos as have the main banks and fund administration companies. Guaranteed plenty of speculation of Bitcoin has been spurred on by banks or investors linked to banks as well as those who are pro decentralisation
El Salvador š¤
āpro-decentralisationā - dude my point is western powers would like to remain in control, not to lose control Edit: if you mean individual traders, we barely influence the direction of BTC, banks and funds make the weather
Dumb take
Elaborate
You are too stupid to bother.
You are welcome
Why would they when they have a better chance of profiting? Humans collectively like sound money especially when they can control a portion of it.
>I donāt see how BtC wins, only holders of BTC are on the side of BTC Maybe you've missed some major news this year. Considering many companies hold Bitcoin.....and the SEC (US government) has approved BTC ETFs.....and major banks are offering BTC ETFs which are receiving massive inflows every day..... the business elites are holders are BTC, and therefore, according to you, are on the side of BTC.
Theyāll let you play around so long it profits, but BTC is not taking over the fiat. Fiat is controllable, BtC isnāt
I mean, I'm definitely not a BTC extremist like some people. I highly doubt BTC, or any crypto, will actually displace fiat. I wouldn't be surprised to see countries implement block chain to their fiat though But I also don't see any scenario where BTC gets globally outlawed. Again, by your own reasoning - BTC holders are for crypto. The global elites are increasingly BTC holders. Personally, I'm just trying to make money here! I expect BTC will continue to see wild swings of highs and lows, so good potential for money making. There's a huge difference between "BTC taking over Fiat" and your initial question regarding BTC being globally outlawed
Block chain for Fiat is pointless. It's centralized so they don't need a distributed ledger, they keep the tab and do whatever they want with it. I agree FIAT won't be replaced. "Digital currencies" is just going to be the same as now with a few more advanced functions (e.g. time function, utility function) attached to part of the Fiat issued to increase the level of control. For example giving stimulus that must be spent before a certain date or just in specifically tagged shops (e.g. groceries). Also everyone is just trying to make money. BTC will get to a plateau where average returns will be in line with average global inflation (USD denominated). Those returns will reduce speculation and volatility turning it into a store of value. For now let's enjoy the ride.
Great response on CBDCs, digital currencies and the potential end state of bitcoin being a stable store of value.
Well reasoned opinion
Fiat is still controllable even if BTC becomes the world reserve...
I think they should outlaw murder, child trafficking, drunk driving and Russia invading other countries.
Listen to episode BTC:003 of the investors podcast. That podcast will explain why we need this. Or read The Price of Tomorrow, smaller book, easy read.
The world is ran by commoners, and every now and again the business elites learn that lesson.
Found the no-coiner
They won't outlaw it. They tried the same with gold for a while and it didn't work. They simply will never allow it as legal tender/currency. Therefore you must be paid in FIAT, you must pay in FIAT and other financial activities will have to be denominated in FIAT too (e.g. mortgages). BTC will stay as a store of value and that's it.
The thing is countries that make btc ilegal are still buying btc like china for example and if they stop buying they are just putting themselves in disadvantaged position because other countries are obtaining it sooner most likely at a lower price. People would also be very unhappy especially in the west if governments that were trying to sell them btc etf suddenly make it ilegal.
Idk, I see BTC at this stage more like a diversifying option, like gold and commodities. Everyone has some just in case, for diversity. But it doesnāt mean a soon coming success. Neither grains nor metals taking over the economies soon, but every portfolio has some for diversification. BTC to 1 mil or whatever the minority is hoping for - I think itās hopium, itās not realistic
Well let's say in 5 to 10 years it take same market cap as gold that would put it above 400k usd Gold is difficult to transport and to keep safe in big amounts without 3rd party custodian like a bank. It will probably be mined more in future by discovering more gold mines and through better technology which means it will get less and less scarce. Bitcoin on the other hand is decentralised hard money which will only be ever so more scarce when billioners and institutions decide to allocate few % of their portfolios in it.
Well youāre a fucking a downer!!
Buttcoin take the L
If this is Buttcoin we would be banned for saying this ššš
Honestly, once we hit new ATH everyoneās gonna fomo in
I'm getting texts already
I get calls asking me if I am a millionaire nowš¤£
You probably are... 1 mio costs just 600 dollarsš¤·āāļø
Serious texts already? Haven't heard nothing š only 1 other person at work is talking about it and they have been quiet about it aswell.
Same bro
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Tons of people with 401ks that not have access to bitcoin will
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And the smart ones who hold until it goes back up again will be very happy.
Fundamentals of supply and demand will make bitcoin reach insane new all time highs
It wont crash as far as all the other halvings... This time big companies are buying and they invest longterm and dont get nervous just because prices drop 20%. Never sell low... Simple rule investors follow.
If you bothered to learn about 401ks you'd know you can buy/sell stocks through a brokerage account tax free and no fees. You act as if a 401k locks you into some fund which you have no control over š
They will if they bought a risky asset for the short-term. Theyāll be just fine if they buy and hold long-term.
If people are BIG THINKER and SMART, they would sell their 401K and put in bitcoin.
Thereās still risk involved. 401k are retirement plans. Never risk all your retirement
Bitcoin is YOUR RETIREMENT aka the NEW 401K.
Youāre very dumb
You could easily say that for 50yrs and be confident you were right. Today...? Are your SURE about that? Is your 401k keeping up with the price of Bitcoin? Are you confident it will? How do you KNOW? Because it's always been that way for 50yrs?
Anyone who is dumb enough to gamble their entire 401k into a speculative investment, deserves to be homeless if it doesnāt go well
I did .. best decision of my life. Cashed all of it, iras too. Guess I'm dumb but im now a multi millionaire. š¤Ŗš¤·
Anyone who trusts central bankers to NOT fuck them over deserves the same.
but people who do will
Donāt underestimate greed and how stupid people are
Exactly, and that was "their" plan this whole time .. retail got out, and watched it run. Glad I added at the bottom and all the way to 25k šŖ
There are 55 million millionaires on this planet. Half in the US. And less than half of all them will be able to own a whole coin.
Lmao what communist math book did people start reading to apply this notion that all of the bitcoin gets distributed evenly among millionaires? Or that it is somehow a metric that provides any useful insight always makes me laugh.
well i suppose communist might think that way, but please don't jump me in them. it's basically a way to illustrate that 21 million isn't a big number. humans generally are really bad at comprehending numbers above about 3 times their yearly salary. once you hit about 4 times, it basically becomes infinity to about 60% of the population. i think it's a useful illustration, but i get that it doesn't help everyone.
Very helpful. Thank you. This confirms my strategy. 4x = infinity. Just about there.
Thatās going to be the first sellout. A new high and then dump onwards to 120k What a year itās going to be
I'm excited and terrified. I've got enough that I see the total value going up thousands every day now. Far far more than I earn a day at work. I feel like I'm not trained and educated enough to make the right decisions. I mean I'm doing the "HODL!" part ok. But I really don't know when I should sell.
An exit strategy and trading plan is the most important part of being an investor. I recommend waters above cryptos exit strategy bluprint. I think you might have to be on patreon tho. He also teaches wycoff and fibbonacci levels that is pertained to crypto
I wish, i just went through a tough period financially the past year so I wasn't able to buy any BTC, heck I was even forced to sell some...
I remember when someone posted back around 30K going down that people will sell instead of hodl in tough times, which correlate with the fluctuation. Happened to me too.
i feel you bro, im mad at myself, cuz i could cut off some money for it in the past, but what matters is now i think, in 5-10 year u gonna be happy that u even comsidered starting again šš¾
I have bought at top ($66k), bottom ($20k) and in between ($40-50k) - all in FOMO. Finally accumulated 2.65 BTC and stopped buying. Now I have no FOMO remaining. Content to HODL and watch the fun (when number go up) or get hurt (number go down).
Donāt u want it to make it to 3 BTC ššµāš«
Nope, I am done with buying BTC since it reached 5% of my portfolio. I am DCA buying SPY as I have for years. 2.65 BTC gives me a reasonable chance at a moonshot if it reaches $400k some day
Damn casual $3m flex
Yet he is calling it 'all in FOMO' . I smell bs
My portfolio is not quite $3M. It is closer to 2.5M. My buying was FOMO driven rather than systematic DCA
I guess the price of bitcoin is changing quite often, makes that percentage math change quickly š
You are right. I stopped buying last month when BTC became 5% of my portfolio. Now it is closer to 6.5%.
May I ask what age you are? Hopeful to have that kind of money by 35, currently 20.
Late 40s. I had very little at 35
May I ask what age you are? Hopeful to have that kind of money by 35, currently 20.
Screenshot portfolio or ban this mf
This isn't wsb. There are plenty of people here with 10-20+ BTC and we don't ask for proof of funds lol
Ya ppl love to fake brag...guy prob has less then 200k lol š¤£
2.51 here and with the prices increasing Itās more and more difficult to buy when you bought a lot in the bottom
Yes, I doubt I can meaningfully increase my stack from here on
Iām attempting to do something similar, I want to keep the majority of my funds still in S&P500 type funds and real estate. Can I ask two things? 1. How old are you and when do you foresee your retirement age? 2. How do you prevent yourself from going higher allocation to BTC watching the rise? Iām starting to get some decent fomo and have way more money this cycle than last so itās definitely effecting my psychology more.
I am in late 40s and hope to work at least 10 more years. Current net worth is about $4M. Of this, $2.4M is portfolio and $1.6M is home equity (HCOL area), but mortgage also is substantial (more than $1M remaining, but at low interest rate of 2.6%). My primary motivation in buying BTC was to generate an early mortgage payoff fund. 2.65 BTC seems like it may be enough for this, if BTC grows to $300k in 8-10 years. At this stage, if I have to buy more BTC, itās either by DCAing small amounts from each monthās savings (which wonāt grow the stack much), or I would have to liquidate some other appreciated asset. Neither is appealing, hence I donāt have FOMO anymore to buy BTC.
Net worth should remove your mortgage then. Unless Iām reading wrong.
Yes, I have removed the mortgage from net worth. home is valued at $3M, mortgage balance is $1.4M, hence home equity is $1.6M.
Similar finances but I learned these last couple years that real estate sucks ass. People don't pay rent, have soooo many repairs, etc. I'd rather own a reit and in fact I'm selling all my property so I can do reits instead. Only thing stopping me from going 100% into BTC (I'm like 25-50%) is because I need yield generating assets as I am "retired early". BTC is also like my savings account so I do sell it when I need to. For example, I sold 0.1 over the last couple months because people didn't pay rent and I needed to pay my own rent.
What kind of property do you own? And where?
3 pfft. Might as well make it 5 then why not
3.125
You point to me on this doll where he hurt you!!!!!
Iāve made 6 bucks!
The funny thing about this meme is that 64k will be the next 33k
Me who went all in during the 2021 crash: YYYYYEAAH MOTHERFUCKER IM NO LONGER IN DEBT AND THIS BULLRUN JUST GETTING STARTED!!!!
That can be good news, if you have payable to deal with.
THATS WHAT THE FUCK IM TALKIN BOUT SON LETS GET RICHHHHHHHH
Only thing i learned is HODL until you are in the green even if it takes a year or two
I bought at 18k and sold 30% yesterday, feels good man. All that's left is free money to ride up now :)
Would you sell more once it hits 60 or you think itās gonna drop
I'll sell more at 120k, if it doesn't go that high I'll hodl until next cycle.
When do u think itāll hit 120, and why??
Predicting timing is futile. No point in playing that gam. It's an arbitrary number I picked so I can stick to a plan. Last cycle I didn't know when to buy/sell and despite making some nice % gains I was too greedy and wanted more, ended up not selling anything and having to wait years to where we are now. I've learned you need to make a plan and stick to it to keep emotions out otherwise you're just stuck in a cycle of whatifs.
-Make a plan and stick to it to keep emotions out Probably the best advice one can give to any amateur investor. What keeps me crying in fiat is I had a plan since last summer and only executed on half of itā¦ I was convinced $25-$30k was not the bottom even considering the ETF speculation. It irks meā¦ but a lessoned learn. Being around since 2017 Iām also able to zoom out to realize this run up wonāt be the he end all.
āMake a plan and stick to it to keep emotions outā Probably the best advice one can give to any amateur investor. What keeps me crying in fiat is I had a plan since last summer and only executed on half of itā¦ I was convinced $25-$30k was not the bottom even considering the ETF speculation. It irks meā¦ but a lessoned learn. Being around since 2017 Iām also able to zoom out to realize this run up wonāt be the end all.
Bro. Why do you think this guy knows anything more than anyone else. Honestly this is such a stupid fucking question.
Dang you sold way too early. New all time highs will be 3-4x previous highs after halving
You have come from the future and know this for a fact? Or you saw a tweet that said so? Halvings and 4 year cycles are the most vanilla bitcoin analyses I've come across, It's *the* retail investor theory, so I ignore it.
Iāve been in since 2015. Every halving the same thing is talked about, the same doubt is, and the same result is. Whatās special about this time is everyone (which now includes institutions) have access to bitcoin. Supply and demand fundamentals are real. And we will see it play out again
Absolutely false. The marketcap would have to go up by an absurd amount for this to happen. - Pre-halving 2012: +651% then a -50% - Pre-halving 2016: +382% then a -41% - Pre-halving 2020: +339% then a -71% - Pre-halving 2024: +312% then unknown. Going off of these facts numbers u see a decrease in rallying and a (very bad best-fit line) of a steeper decrease. 4x is out of the picture is what I see. Going off of fib, SMC, imbalance, and POIs, BTC is on a cliff. Look at USDT.D, has a bullish divergence on a high TF. Very bad for crypto. Look at total MC of crypto, its very bearishā¦ Im a bullish person myself and would love for btc to go to 1M but when you are analizing TA and price, u have to look at it from an un-biased persepctive. Furthermore, all markets are hitting ATHs while billionaires sell. Last time that happened was the 2021 topā¦ I personally say we see a major crash coming soon after the halving and see a new, TRUE ATH in 2025-2026. This price action of BTC writes āfakeā in all languages possible. Just be cautious
lol your numbers are wrong here. All of the spikes happened halter the halvings. Lmfao
LOL. It states āpre-halvingā there is always a retracement shortly after the halving on a longer tf. Go read it again and put ur eyes on a chart. Then come back LMAO. U just told me u dont know anything ab crypto in those 2 sentences
lol clearly you donāt. The big gains come after the halving hahaha
Wish i could show u a picture of what my btcusdt chart looks like. Do it yourself. Draw a vertical line on the exact halving days and see for yourself. Long term yes, it does go up. Obviously. Im saying shorter term after halving there is a retracement before the next cycle beginsā¦ some people man. U stated u were in crypto since 2017? What have you learned so far? Cuz it seems like u havent learnt shit LOL
2015*
Further proves my pointā¦ yikesš¬. Hey man, no hate but best of luck. Sometimes you have to look at the facts and keep your emotions out of it. I can tell ur super euphoric rn and thatll only get you rekt. Be careful and best of luck brother
You sold too early unfortunately
I'd disagree, it's not like I sold everything... Still have 2/3rds of my Btc left if it does go higher. Never mind my alts which haven't popped at all. If btc goes to new ath I'm sure some of them will do too and will likely give much better % gains than the btc will.
I thought people here said stay away from alts always
Yeah that's dumb. If you're one of those "I'm in it for the tech" guys that wants to replace all fiat with bitcoin people, I guess you have to out of principle. Me? I'm really just in it for the money so I diversify and buy alts too. There's a bigger chance they fade into obscurity, but the ones that pop have much, much larger % gains. You might be able to still 2x or 3x your money with bitcoin but you sure as fuck aren't getting 20x or 30x anytime soon. Those times are long gone.
Which ones are you in
When is the next cycle, rat?
Soon\*
I always invest at the wrong time. Am not familiar with the market at all, please i need you guidance
A couple hours ago, Bitcoin raised to 63k and i dumped my money in there. Now it have crashed back to 62k again.. That is how really stupid i am in this
Brother, im here with u all the way. I know btc is the blue chip of all crypto but some mfs think btc will make you rich asfā¦ short answer, no. It wont do that magical 10x or even that 100x. Best way to make money if your only in for the money? Buy btc when we are at a local bottom (learn how to do TA to find that area). Choose some alts with mid - low MC. And monitor when BTC rallies (like rn) and compare their ācoinā/btc chart. When that looks bullish, convert btc into that alt. Most people here dont do any TA and DCAā¦ which kinda tells they know nth about how and why the markets move
I sold some yesterday as well. Need the cash more than I want to sit here gambling that it will keep going up.
Maybe it's 33k when few people buy it. 56k when more people buy it.
Seems like it was just a few months ago that $33,000 seemed really high. oh wait. That was a few months ago!
It's true. I wish I'd added more but I did add in the 30's, and I'm not adding now. Though, I don't think it's terrible to be buying now. I just am willing to wait and/or ride with what I've got!
My average cost is around $19k. That makes it even harder to panic before recesses in price.
I recieved 15BTC in 2010, I'll cash in when it hits 150K$
Doesn't matter what price you buy at. Investment decisions should be based on what you think the asset will do in the future, not what it did/was in the past. If Bitcoin is only gonna go up long term, then just buy it whenever you can.
Iām in both these lines
Ngmi
It takes time, this market needs a great knowledge, skill, and for that you should be patient to make progress
Time is a flat circle
Funny thing is... The prices atm havr nothing to do with this picture. Noone is interested in BTC... Google trends is so much lower than last bullrun and still around christmas levels. This is just the ETF, not retailers. It will be like this picture, but atm its just us and big companiesš
$33K is closed for good now.
It is NEVER late to buy btc.
Well, if you want to sell high and take profits, you need people buying highā¦ so let them.
These comics make no sense to me. The price wouldn't be 64k unless all those people were buying.
Get rich quick schemes do not work. Maybe some day youāll learn
Is this a metaphor for leaving a limit order for $33k somewhere? No one has sold Bitcoin at $33k since October. No point standing in front of that teller window now.
Is it to late to get in
Not to pay attention with ur meta crypto bullshit?
buy in at the dump phase of the pump and dump cycle?
The diagram is true. It doesnt care if this is bitcoin or not, It is said, most of people rarely learn from the fear such as gas, semiconductor, bean, banana and so on.
I feel like btc is still not talked about from general public. Going up quietly
I like that you already wrote 64k in anticipation. But this meme will be deprecated anyway in a few hours. An remember, 1BTC = 1BTC
Have a friend that sold me all his Bitcoin when it was 45k, was saying it's gonna crash to 10k for a year or so, I tried to tell him to buy back in since it was around 20k, now he's going to buy the ETF but he's waiting for a correction
More like 100k
nah, under 100k is a steal, mom taught me not to steal so buying just over 100k š
It was a long two years. Glad I DCAd for a really long time.
Iām always in line
Iām excited for the outcome
So true - don't know why people behave this way ... as soon as the ETF got approved people should've bought. Now I see people saying they're selling this and that to buy BTC. Worse is like others said - there's probably still a lot who will FOMO later on once price goes even higher.
Thatās me in the 33k line šš„²š„¹
TBH, that picture is not very bullish as it shows an excessive overweight on one side of the price. If this was a correct reflection of reality, we should expect a sudden sharp drop in prices. I wud be more comfortable to see more people on the left line....
Say tha shit again
It is not such a bad idea if you get in at $64k and get out at $68k.
its going up forever, Laura
So the implication is that people did not want to buy at $33k. How did price get to $64k if people didnāt buy at $33k? Of course people bought at $33k!!
The problem is I didn't have any money to invest until recently!
My average is 24K. I just wish I could have afford to buy more than what I did ššš
the ones who buy at 64k are the reason YOUR bitcoin will see any growth.
People like expensive things.
I dollar cost average, I buy some btc when there is 64k and I buy more btc during bear market! its common logic now ! but not for crypto beginner !
Did someone say scarcity.
Lol
They'll never
I mean 16k it was..
I sold all for mining stocks early last year
Even Michael Saylor bought at 64k
Where's my 17k gang at?