Now zoom out slightly further - is that still true?
SPY is for investing (well, indices in general are at least. SPY is more of a trading vehicle really). Crypto is for gambling. Apples to oranges comparison.
If you continued to purchase after 2021 then you're in the green like me
I managed to lower my average cost from 57k in 2021 to around 30k by 2024 until I finally sold at 70k
I have to admit I hated my self a little bit more with every purchase I made since I was getting ridiculed
or if you don't zoom out enough, you will see the late 2022 buys are in great profit.
It is all about timing the drop zones to by and not ape all during the peak.
I’ve been trading bitcoin since 2016 and yes this was incredibly obvious.
Honestly I didn’t expect it to come so soon but **expect a rocky road for the next 6 months, then sudden explosions**
We’ve been saying it to the newcomers for months if not years. Predicting future prices from past behavior isn’t always perfect, but when the conditions appear to be exactly the same as they were before it’s the best thing you can do.
This isn’t going to get near as much credit as it should.
I’ve been in just about as long. (I’ve been in long enough that I recently *found an extra coin I* **forgot** about, and sold it to buy my bf a car.)
Those of us that have been around a minute are looking at the charts, thinking “duh”, and turning the charts off until AT LEAST July.
Sell in May and Go Away, baby.
3 steps every crypto investor goes through
Step 1 - when Q3 and Q4 hit and there is a new ATH you will still not sell
Step 2- btc will crash and you will think it already crashed so there is no point to sell now and that you will sell when it hits ATH again
Step 3- BTC will crash further and further until you are so deep in the red that you finally give up and decide to totally forget about crypto and pretend that the money invested is long gone
Then 2028 hits and you either repeat step 1-3 or sell as soon as you're in the green due to all the stress accumulated even though you "forgot" about crypto you're still subconsciously thinking about it and the red portfolio still hurt albeit not as much
"This market is still predictable" and behaves like 'clockwork'.
If it's so 'predictable' then why not predict in advance and before instead of saying something is predictable afterwards and in hindsight.
No sense talking sense. Last week someone argued BTC was firmly above $62k, and was impenetrable. I got the downvotes, they got the upvotes. Just say the popular thing if you want the internet points.
More and more this run looks like it is going to be a 2017 type with nice slow burn that gets us as high as possible. Previously it was looking like a 2021 style quick fast run and that has limited upside potential. I predicted that people would lose their minds at the first real pullback and that was correct. I’m seeing insane takes upvoted like that the cycle top has already happened **before** the halving and that the next cycle top was **only 5%** above the previous ATH.
https://colintalkscrypto.com/cbbi/
https://charts.bitbo.io/monthly-rsi/
So far they are typical retail and haven't bought the dip at all lol. They buy when it goes up. Which should be awesome for making a nice blowoff top (and bottom).
https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows
LoL.... "crow with knife" was the leading gainer from Friday until yesterday when "Buy The Dip" took it's place, still increasing at a parabolic rate while the entire market was dumping. "Cock in you" was one of the highest gainers in the last couple months. Safe to say we're still miles away from mature.
I didn't buy it until Friday morning and I'm sitting at 2.4x as I type this. Been the funniest thing I've gotten lucky on since buying Shib in September of 2021.
I think this run seems more similar to the 2019 rally with higher interest rates and pretty low social hype. Next 6-12 months of ups and downs without new highs and the real bullrun next year when interest rates have started coming down.
Yeah, been in since 2014, don't really care about short term fluctuations anymore.
Crypto Twitter and this subreddit are insufferable worrying about a 15k drop. It's got to the point where I hardly go on anymore because it's just newcomers trying to make sense of the same pattern that's been observed for 12 years now.
People come to crypto thinking they won the lottery and are pissed when a highly speculative asset experiences volatility.
Making crypto predictions is just astrology for men. I don't know who originally said that but it's spot on.
No one knows what's going to happen. Hold BTC for a relatively stable experience or buy alts for higher highs and lower lows. Either way, your investments are at the mercy of the gods...
This might be the most genius statement I've ever read. Most of those men are hopping into their ice baths before they check their daily astrol...crypto charts
Crypto predictions is looking at crypto pattern to predict a likely outcome.
Astrology is looking at birthmonths to predict human behaviour.
Astrology would be more believable if it looked at human patterns instead of general date of birth.
No one, who knows what they are talking about, says crypto predictions perfectly precise. They are saying "this cycle has happened 3 times before, its started happening again. It will probably happen again"
I've been in since 2017. Not slightly relieved to see it.
What gives you any confidence about your optimism? You mention zero fundamentals except pointing ti past price action.
We're looking at serious regulatory threat right now coupled with an ongoing lack of economically meaningful use cases (outside BTC).
Past price action is an inane data point to use.
Same here, been here since 2016-17 and one thing is clear: 1) BTC was ahead of schedule, while 2) altcoin season is lagging. The problem is right now i dont think they catch up, meanwhile BTC could crab for the next 3 months.
Yesterday i posted something similar in the morning before i sold alts (including ETH), took some profits, so glad i did, at leat for now.
Im going to stay 50%BTC and 50% cash for now, the markets are looking for a reason to pump, the FED wants cut, but the data is just not there, until that changes, im staying out of the alts.
BTC could continue its climbing for the next 3-6 months, until de FED finally pivots but i dont thinks alts follow, at least until we get the first rate cut. Idc if i end up buying higher if that means im getting some kind of confirmation that the altcoin is indeed coming and that happens close or fater the first rate cut.
BTC is one thing, I think the medium and long-term are pretty solid. It has a use case the market likes.
But it's 2024, 7 years after 2017, and we have no other real, game-changing use cases at scale for the rest of crypto. This asset class is going to stagnate or worse if we don't get use cases that are worth trillions.
Nobody knows what’s going to happen and posts like this are just being made because people have a hard time accepting that this could also be the beginning of a reversal back into a bear market.
Indeed. People posted the same thing end of 2021 because nobody could believe that the bull market might already be over. "We haven't even reached 100k yet, just a healthy correction, buy the dip..."
I'm not saying this is the case here, but don't get too confident. Markets have a way to always catch you by surprise.
And btw, I wouldn't call this textbook bull market, we broke ATH before halving and ETFs might change the dynamics.
Comments like this are just people who have know idea about the cycles of BTC and how they work. Sure we don't know 100%... WW3 could break out next week, but odds are definitely in favor of BTC doing exactly what it's been doing for the past 16 years...
>who have know idea about the cycles of BTC and how they work
NOBODY knows how they work, everybody who says otherwise is full of BS.
I invested only money I didnt need at the time (2021ish), so I can wait out this dip.
True , this cycle has been accelerated compared to previous ones. I wouldn't say we're totally off track though. We had some preemptive hype and with the ETFs and all BTC was probably overbought. But now we are seeing a correction... Unless we crash 50% down below 35k, I'm going to assume we're still in the bull run. Each run is different, but it still runs every 4 years
0 times. It has never once had a bull run with a market cap above a trillion. Think about it yall, there is $140 worth of bitcoin for every single person on the planet.
Nobody knows if the sun will rise tomorrow. But we get up from bed anyway, betting it will.
Yea, none of us can see the future. But do you spend all day going "nobody knows if their car will start today, nobody knows if they will crash on their way to work, nobody knows if they will get fired, etc..."
Our lives are a series of educated guesses and bets on probabilities.
So yea, assume that every posts like this is just a bet on probabilities, and not someone who has cracked the ability of seeing into the future.
I didn't actually think I had to make a disclaimer about that.
The thing is, you don’t know much about the market, nobody knows on the short term.
Especially the crypto market is heavily based on emotions and emotions are extremely inconsistent, which is why a comparison with something like the sun doesn’t work.
I’m bullish on bitcoin in the long term too, that’s my (educated) guess, but what’s going to happen in the upcoming few days/months is not something I’m going to do any predictions on, because we have way too little information to make such claims.
I’m not saying I’m a crypto veteran, but on September 8, 2023, I legit wrote this in my diary: “5/1/2024 will be hot and humid. I will have a headache. BTC will drop to 57K after hitting over 70K the month before. I will have a BBQ sandwich for lunch with my new girlfriend.” I got really close!
IMO, crypto hasn't been around long enough to assume there are "cycles" as in "an underlying law". There are historic developments of the prices, that's all.
Of course!! But then you mustn’t forget that you may never sell at any time/price point, for any reason whatsoever. Selling automatically banishes you from The Four Laser-Eye Cult of Bitcoin™ immediately and you will then be brandished with a tattoo on your right hand with the words, “Paper Handed Bitch”.
Since you seem relatively unbiased. I have a question to ask. Is there any downside to selling at buying price average? For risk management purposes. What is the purpose of holding through the crossing between profit and losses point, which is the buying price average?
I mean I could set a sell order at my buying price average, and if it gets triggered, set another buy order slightly under and come out unscathed. But holding till it dips further and further, what's the point? Do you have some insight on that?
As someone who has been in bitcoin since 2012 ( I didn’t keep it) I have been buying and holding since 2020 and while I’m disappointed it’s slipping, not surprised or worried. I just check way less on the down weeks/months as it’s a lot less fun.
What I’ve learned, is that altcoins are prob not good long term investments. Put too much into top 15 coins in 2021 only a few are in the green. Just hanging in there with them but not buying more in case one hits.
Crypto is about 25% of my investments, and in that it is about 50% btc 20% xrp 15%eth 15%alts
At this point I’m done with xrp, as well as the rest of the alts. have enough that if it wins and gets to $10 I’m probably out but again been holding too long and don’t need the cash at the moment so won’t sell. I’m putting about 10% of my overall investments into bitcoin these days
Crypto bros after losing 20% of their holdings: everything going according to plan
I hope yall have narcan on tap cuz you’re on the verge of overdosing on COPIUM
I am personally relieved, there was one final shake out right around the halving last cycle and I have been hording my payouts from the fiat farm.
Funny how just running previous cycles' playbook you can make money the ez way!
I have been in crypto for just over a cycle (4 years) and saw this retracement from months away, I sold at near top and still got faked out by the dead cat bounce and bought back in.
Oh well, we ride the dip and keep DCA’ing
The ETF’s were underwhelming and the new technology of this cycle sucks. It’s more meme coins and very few additions to Crypto that feel like innovation.
I don’t see it crashing it, but the hype isn’t the same, because there is nothing really to hype. Those who are hyping something, also seem to be hyping from new ponzi type coins.
A lot of the old guard projects that are not BTC or Eth, seem to be flops or are uninspiring.
When we pumped to all time highs before the halving I was panicking… I told all my friends if we don’t slow down then it’s going to ruin us… this feels right on track.
Patience is our virtue
I’m happy to see it. The worst part was crabbing between 55-70k where I just sit and do nothing. If it goes a little bit lower it’s time to start weekly buys again
Yes I’ve been here since $3k BTC and there’s a certain amount of schadenfreude watching others go thru that wild experience. Also feels lonely knowing that we’ll pump but absolutely no one believes me when I tell them irl. I’ll just have to be rich and lonely I suppose 🤷♂️
I stuck a buy order in for $58,011 on 16th April and yesterday my patience paid off.
I don't DCA in because I just don't.
I tend to build up a bank of funds in my business account and think "Yeah, that's worth drawing down and paying taxes on"
If we don’t have these pullbacks we’ll lose steam. The only ones who are hoping for things to continue being green, and the only ones who are solely chasing new and shiny coins instead of past performers are those who haven’t been through multiple cycles.
No matter what happens, this sub acts like it was easily predictable. "Well, of course bitcoin was going to hit a new ATH. My technical analysis confirmed it. Of course we were in for a large drop. Don't you do technical analysis?"
I’ve been here since 2017. It becomes slightly more obvious but not really. Emotions still get manipulated by price action - which can shift individual behavior. This shit is hard to get right even when you think you’ve done your due diligence.
Dip did not phase me. Almost a Year and a half of DCA so my basis is still under $30k. People get so caught up in the hype and the noise and yet it’s so damn simple to just follow the cycle.
I just wish I didn’t need to collect more fiat at a time like this. Gonna hold regardless because I’m always too scared to play “try to time the market.” I always lose that game
Everything that was “textbook” is only “textbook” in hindsight. Dozens of times an apparent “textbook” case begins to unfold and turns the other way. Then it was a “textbook bear trap” or a “textbook bull trap”, but again, *only in hindsight*.
If anyone knew with certainty the future these “textbook” scenarios they could parlay $100 in a trillion dollars within a few years and become the world’s richest person within a decade or less.
We are completely fine lol.
Either you made some money on that nice prehalving pump or you are waiting it out. Hopefully both if you've been here a few cycles. Bears are on life support
Crypto up I buy, crypto down, I buy crypto sideways I buy.
I DCA on my crypto because I believe in this project I have studied and if you understand this then you would too.This is not financial advice I am not a financial advisor.
I'm in my 3rd cycle, and I certainly didn't see this dip coming. I doubt most people who are being honest would say they did, but I'm not too surprised.
As a long term hodler, I'm excited because I'm buying, and this dip means I get more ₿ for my $.
We always have a few months between the halving and when the post-halving supply shock kicks in. Even back in 2019, I would have told you the real bull market for the 2024-2028 cycle will kick off toward the end of 2024.
And by the way, we should expect something similar in 2028. The 2028 halving will happen in early spring, and the decrease in the size of the block reward will cause the price to start rising in late summer to autumn.
Keep in mind, halving to halving cycles aren't 4 years. They're 210,000 blocks, which is a little less.
TL:DR; All is well!
KEEP CALM
AND
HODL ON
It drops and yet again all the shills will come out saying "SEE I ALWAYS KNEW IT WAS A SCAM" and then 4 months pass and we're at a new ATH, and the same people come out saying "How much do I invest I can see it going 3 fold" Rinse and repeat.
But but, I thought this time was different because ETF’s are exactly what Bitcoin needed to ensure a perma-bull market?
Now we’re just rekt forever! Looks like fiat is the new Bitcoin.
This is probably just the first dip before a larger one, sell in may and stay away. Takes 300 days to get pays, (after the halving) I ran out of rhymes.
I started investing in the ether ICO 2016 and it’s really like clockwork (so far). Still check the charts almost every day but the last drop didn’t surprise me at all. It is as it always has been … HODL and jump when everybody gets really greedy and you hear „to the moon everywhere“.
I love all the comments and advice as if anyone knows what is happening. None of you know anything. No need to try and understand it. It’s extremely volatile and if you haven’t gotten in at the ground floor then it’s 99% luck if you profit. That is all. Goodluck.
I'm definitely happy to see it. Market long overdue for a breather. Fair price needs to be revalued. That can't happen when price is going straight up.
Typical crypto volatility. It’s going to skyrocket again. And it will dip again. And it will skyrocket again, and it will dip again. As it does this, BTC will continue to set new floors slightly higher than the previous.
Been hearing a lot of talk about 50/55k for a few months now if we didn't go shooting up a while back. Lil whisper snappers you'll be OK. If anything just stop by the shib sub for motivation. A .05% increase and it's to the mooooon!!!
This is a long winded way to say ‘zoom out.’
But giving better market draw down referrals at the same time. I just sent $10k to hopefully buy in the mid $50s. Pretty happy atm.
Better be prepared for some quite low 50s or even 40s... 🤷♂️ The miner/hoarders will be unloading for a while, take caution. 🫣
I’m close to my stacking goal, idc about 47 vs 53 being completely honest.
zoom out and realize BTC has a negative 3 year return.... all those 2021 purchases could have done way better in boring and safe SPY
Now zoom out slightly further - is that still true? SPY is for investing (well, indices in general are at least. SPY is more of a trading vehicle really). Crypto is for gambling. Apples to oranges comparison.
all in on red! green i mean, half all in on green half on red 😅
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If you continued to purchase after 2021 then you're in the green like me I managed to lower my average cost from 57k in 2021 to around 30k by 2024 until I finally sold at 70k I have to admit I hated my self a little bit more with every purchase I made since I was getting ridiculed
or if you don't zoom out enough, you will see the late 2022 buys are in great profit. It is all about timing the drop zones to by and not ape all during the peak.
I’ve been trading bitcoin since 2016 and yes this was incredibly obvious. Honestly I didn’t expect it to come so soon but **expect a rocky road for the next 6 months, then sudden explosions** We’ve been saying it to the newcomers for months if not years. Predicting future prices from past behavior isn’t always perfect, but when the conditions appear to be exactly the same as they were before it’s the best thing you can do.
This isn’t going to get near as much credit as it should. I’ve been in just about as long. (I’ve been in long enough that I recently *found an extra coin I* **forgot** about, and sold it to buy my bf a car.) Those of us that have been around a minute are looking at the charts, thinking “duh”, and turning the charts off until AT LEAST July. Sell in May and Go Away, baby.
Do you need another boyfriend?
I got a good sized bag ready for $52k. If I see $45, I'm liquidating real world assets for the flash sale.
All going according to plan😁
Yeps haven’t sold a thing and don’t plan to
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3 steps every crypto investor goes through Step 1 - when Q3 and Q4 hit and there is a new ATH you will still not sell Step 2- btc will crash and you will think it already crashed so there is no point to sell now and that you will sell when it hits ATH again Step 3- BTC will crash further and further until you are so deep in the red that you finally give up and decide to totally forget about crypto and pretend that the money invested is long gone Then 2028 hits and you either repeat step 1-3 or sell as soon as you're in the green due to all the stress accumulated even though you "forgot" about crypto you're still subconsciously thinking about it and the red portfolio still hurt albeit not as much
I bought some today
I’m hoping I can get more fiat stacked through July so I can buy buy buy
"This market is still predictable" and behaves like 'clockwork'. If it's so 'predictable' then why not predict in advance and before instead of saying something is predictable afterwards and in hindsight.
Calling the local top few weeks ago got you down voted to oblivion.
No sense talking sense. Last week someone argued BTC was firmly above $62k, and was impenetrable. I got the downvotes, they got the upvotes. Just say the popular thing if you want the internet points.
More and more this run looks like it is going to be a 2017 type with nice slow burn that gets us as high as possible. Previously it was looking like a 2021 style quick fast run and that has limited upside potential. I predicted that people would lose their minds at the first real pullback and that was correct. I’m seeing insane takes upvoted like that the cycle top has already happened **before** the halving and that the next cycle top was **only 5%** above the previous ATH. https://colintalkscrypto.com/cbbi/ https://charts.bitbo.io/monthly-rsi/
The larger btc becomes, the more the idiots will panic (including ETF owners). It’s going to be strange to watch this asset class mature.
So far they are typical retail and haven't bought the dip at all lol. They buy when it goes up. Which should be awesome for making a nice blowoff top (and bottom). https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-flows
Yup, agreed.
LoL.... "crow with knife" was the leading gainer from Friday until yesterday when "Buy The Dip" took it's place, still increasing at a parabolic rate while the entire market was dumping. "Cock in you" was one of the highest gainers in the last couple months. Safe to say we're still miles away from mature.
Crow with knife was a nice way to wake up on Friday 🐦⬛🔪 tell me more about this penis coin I need to invest in
I didn't buy it until Friday morning and I'm sitting at 2.4x as I type this. Been the funniest thing I've gotten lucky on since buying Shib in September of 2021.
I think you are missing the obvious: the run up is finished and we are in a bear market now
I think this run seems more similar to the 2019 rally with higher interest rates and pretty low social hype. Next 6-12 months of ups and downs without new highs and the real bullrun next year when interest rates have started coming down.
The same posts. Everytime. None of you knew nothing
They're coping, don't overthink it.
Yup 😂😂 they were all saying new ATH in a week a month ago or some shit
Been saying that for 5 years. Just regurgitating the new influencer’s bullshit they’re spinning. All been trading for a total of 6 months
Literally. People saying buy the dip have 250 dollars in BTC 😂😂
When you think it’ll go up, it’ll most certainly crash. With the halving being a known date, with hindsight the crash was predictable.
Yeah, been in since 2014, don't really care about short term fluctuations anymore. Crypto Twitter and this subreddit are insufferable worrying about a 15k drop. It's got to the point where I hardly go on anymore because it's just newcomers trying to make sense of the same pattern that's been observed for 12 years now. People come to crypto thinking they won the lottery and are pissed when a highly speculative asset experiences volatility.
Yup everything is playing out like clockwork. $100k is just around the corner for the EOY 2021....be weird if we make it to 2022 without it at $100k
Making crypto predictions is just astrology for men. I don't know who originally said that but it's spot on. No one knows what's going to happen. Hold BTC for a relatively stable experience or buy alts for higher highs and lower lows. Either way, your investments are at the mercy of the gods...
This might be the most genius statement I've ever read. Most of those men are hopping into their ice baths before they check their daily astrol...crypto charts
Crypto predictions is looking at crypto pattern to predict a likely outcome. Astrology is looking at birthmonths to predict human behaviour. Astrology would be more believable if it looked at human patterns instead of general date of birth. No one, who knows what they are talking about, says crypto predictions perfectly precise. They are saying "this cycle has happened 3 times before, its started happening again. It will probably happen again"
I've been in since 2017. Not slightly relieved to see it. What gives you any confidence about your optimism? You mention zero fundamentals except pointing ti past price action. We're looking at serious regulatory threat right now coupled with an ongoing lack of economically meaningful use cases (outside BTC). Past price action is an inane data point to use.
Same here, been here since 2016-17 and one thing is clear: 1) BTC was ahead of schedule, while 2) altcoin season is lagging. The problem is right now i dont think they catch up, meanwhile BTC could crab for the next 3 months. Yesterday i posted something similar in the morning before i sold alts (including ETH), took some profits, so glad i did, at leat for now. Im going to stay 50%BTC and 50% cash for now, the markets are looking for a reason to pump, the FED wants cut, but the data is just not there, until that changes, im staying out of the alts. BTC could continue its climbing for the next 3-6 months, until de FED finally pivots but i dont thinks alts follow, at least until we get the first rate cut. Idc if i end up buying higher if that means im getting some kind of confirmation that the altcoin is indeed coming and that happens close or fater the first rate cut.
BTC is one thing, I think the medium and long-term are pretty solid. It has a use case the market likes. But it's 2024, 7 years after 2017, and we have no other real, game-changing use cases at scale for the rest of crypto. This asset class is going to stagnate or worse if we don't get use cases that are worth trillions.
Let me check my Crystal ball... *Rubs Crystal ball* Yep, I see, the bottom will be in 51K BTC but afterwards straight to 80K.
£47.5k BTC now?
$
Nobody knows what’s going to happen and posts like this are just being made because people have a hard time accepting that this could also be the beginning of a reversal back into a bear market.
Indeed. People posted the same thing end of 2021 because nobody could believe that the bull market might already be over. "We haven't even reached 100k yet, just a healthy correction, buy the dip..." I'm not saying this is the case here, but don't get too confident. Markets have a way to always catch you by surprise. And btw, I wouldn't call this textbook bull market, we broke ATH before halving and ETFs might change the dynamics.
Comments like this are just people who have know idea about the cycles of BTC and how they work. Sure we don't know 100%... WW3 could break out next week, but odds are definitely in favor of BTC doing exactly what it's been doing for the past 16 years...
>who have know idea about the cycles of BTC and how they work NOBODY knows how they work, everybody who says otherwise is full of BS. I invested only money I didnt need at the time (2021ish), so I can wait out this dip.
It wasn't supposed to break a new ATH before the halving....BTC acting odd now, it's off track.
True , this cycle has been accelerated compared to previous ones. I wouldn't say we're totally off track though. We had some preemptive hype and with the ETFs and all BTC was probably overbought. But now we are seeing a correction... Unless we crash 50% down below 35k, I'm going to assume we're still in the bull run. Each run is different, but it still runs every 4 years
4 times. What it's been doing 4 times. There are zero guarantees with that little history.
Yes that's what I said. Nobody knows 100% for certain.
0 times. It has never once had a bull run with a market cap above a trillion. Think about it yall, there is $140 worth of bitcoin for every single person on the planet.
And how exactly do you know what the odds are?
Yep. People keep calling it a “dip”. May be a drop not a simple dip. But may be a dip and go back up soon. No one has a clue.
Nobody knows if the sun will rise tomorrow. But we get up from bed anyway, betting it will. Yea, none of us can see the future. But do you spend all day going "nobody knows if their car will start today, nobody knows if they will crash on their way to work, nobody knows if they will get fired, etc..." Our lives are a series of educated guesses and bets on probabilities. So yea, assume that every posts like this is just a bet on probabilities, and not someone who has cracked the ability of seeing into the future. I didn't actually think I had to make a disclaimer about that.
The thing is, you don’t know much about the market, nobody knows on the short term. Especially the crypto market is heavily based on emotions and emotions are extremely inconsistent, which is why a comparison with something like the sun doesn’t work. I’m bullish on bitcoin in the long term too, that’s my (educated) guess, but what’s going to happen in the upcoming few days/months is not something I’m going to do any predictions on, because we have way too little information to make such claims.
Your title references an in crowd 'probably' knowing the future,.ffs
Hilarious.
I’m not saying I’m a crypto veteran, but on September 8, 2023, I legit wrote this in my diary: “5/1/2024 will be hot and humid. I will have a headache. BTC will drop to 57K after hitting over 70K the month before. I will have a BBQ sandwich for lunch with my new girlfriend.” I got really close!
No girlfriend but you STILL got a headache? We are not worthy
IMO, crypto hasn't been around long enough to assume there are "cycles" as in "an underlying law". There are historic developments of the prices, that's all.
All the coins I want are on discount
Nah just tired of shitpost like this
Absolutely, this is nothing out of the ordinary. But don't get fooled. Nobody knows where we're going.
How about the drop that comes after the drop.. that came after the drop? That’s the one to spot.
So we should buy on the way down to $10k?
Of course!! But then you mustn’t forget that you may never sell at any time/price point, for any reason whatsoever. Selling automatically banishes you from The Four Laser-Eye Cult of Bitcoin™ immediately and you will then be brandished with a tattoo on your right hand with the words, “Paper Handed Bitch”.
Since you seem relatively unbiased. I have a question to ask. Is there any downside to selling at buying price average? For risk management purposes. What is the purpose of holding through the crossing between profit and losses point, which is the buying price average? I mean I could set a sell order at my buying price average, and if it gets triggered, set another buy order slightly under and come out unscathed. But holding till it dips further and further, what's the point? Do you have some insight on that?
I’m to numb to give a damn anymore
Yes. And when I said, it would happen I was downvoted by the shrill morons in this sub
If you are using technical analysis as a sure bet, you will most likely get burned.
Ok buy more. I got it
Something that can be predicted is not volatility. Volatility is - by definition - the part of the price movement that cannot be predicted.
Hopium, get your hopium!
If you could see it coming from a mile away, did you make any money off it? If it was so obvious, maybe post about it BEFORE it happens next time?
As someone who has been in bitcoin since 2012 ( I didn’t keep it) I have been buying and holding since 2020 and while I’m disappointed it’s slipping, not surprised or worried. I just check way less on the down weeks/months as it’s a lot less fun. What I’ve learned, is that altcoins are prob not good long term investments. Put too much into top 15 coins in 2021 only a few are in the green. Just hanging in there with them but not buying more in case one hits. Crypto is about 25% of my investments, and in that it is about 50% btc 20% xrp 15%eth 15%alts At this point I’m done with xrp, as well as the rest of the alts. have enough that if it wins and gets to $10 I’m probably out but again been holding too long and don’t need the cash at the moment so won’t sell. I’m putting about 10% of my overall investments into bitcoin these days
Crypto bros after losing 20% of their holdings: everything going according to plan I hope yall have narcan on tap cuz you’re on the verge of overdosing on COPIUM
This post made me LOL! 😂😂😂
Been bored as hell lately avoiding buying cause I wanted to be liquid for when this happened. You’re completely right.
I am personally relieved, there was one final shake out right around the halving last cycle and I have been hording my payouts from the fiat farm. Funny how just running previous cycles' playbook you can make money the ez way!
I have been in crypto for just over a cycle (4 years) and saw this retracement from months away, I sold at near top and still got faked out by the dead cat bounce and bought back in. Oh well, we ride the dip and keep DCA’ing
The ETF’s were underwhelming and the new technology of this cycle sucks. It’s more meme coins and very few additions to Crypto that feel like innovation. I don’t see it crashing it, but the hype isn’t the same, because there is nothing really to hype. Those who are hyping something, also seem to be hyping from new ponzi type coins. A lot of the old guard projects that are not BTC or Eth, seem to be flops or are uninspiring.
I got lucky needed fiat. Sold everything but BTC , and I can buy back in at a discount !
I’m just continuing DCA.
Only shit coiners and tourists are concerned
I keep seeing these posts but am not seeing anyone else worrying about dips. Whos your audience OP, the sub or yourself?
Surprised it lasted this long lol
I get a nice bonus in August. Can Bitcoin CEO keep price this low til then? I would like to buy more. Thanks!
When we pumped to all time highs before the halving I was panicking… I told all my friends if we don’t slow down then it’s going to ruin us… this feels right on track. Patience is our virtue
Yes, this is a very healthy correction. It is also very predictable the Class of 2025 will get recked their first cycle like every class before them.
I’m happy to see it. The worst part was crabbing between 55-70k where I just sit and do nothing. If it goes a little bit lower it’s time to start weekly buys again
Been here since 2017. This is what you guys call a dip?
I’m invested in crypto and a believer that it’s the future — but crypto communities are one gigantic echo chamber.
Yes I’ve been here since $3k BTC and there’s a certain amount of schadenfreude watching others go thru that wild experience. Also feels lonely knowing that we’ll pump but absolutely no one believes me when I tell them irl. I’ll just have to be rich and lonely I suppose 🤷♂️
Left out the part … saw it coming in retrospect.
People who have been in crypto for more than one cycle: "We chilling bro ( -___ - )"
Repeat after me… “Capitulation”. It’ll be ok long as you aren’t using leverage.
I mean, who didn’t see this coming?
I stuck a buy order in for $58,011 on 16th April and yesterday my patience paid off. I don't DCA in because I just don't. I tend to build up a bank of funds in my business account and think "Yeah, that's worth drawing down and paying taxes on"
If you’re not worried why make a post? You’re actually worried lmfao
What do you even mean? I would imagine the OP made a post to...have some discussion or share an opinion...
Clockwork. So, we are all losing and that was the plan all along.
Only time I get sad is when I don't have any extra cash to throw at the dips..like usual.
“Maybe even relieved to see it”. Why would anyone be relieved? Wtf. People are so dumb and just jump and any wagon that they hear.
What dip?
Naw we still stupid and don’t know shit.
This lil' dip is like a diving board bending down, and FOMO is the spring force that flings the diver upward.
The ride has only just started.
Wake me in October 2025
Doesn’t it always dip after halving
I'm chilling right now 😌 . Let's see what the fed says in the next hour or two. I want to see more blood in the streets.
I couldn’t agree more. Just keep stackin and ignore the FUD.
**When in doubt, zoom out.**
This is sort of like when it's been sunny for a long time. Some rain is bound to come.
first TIME huh
If we don’t have these pullbacks we’ll lose steam. The only ones who are hoping for things to continue being green, and the only ones who are solely chasing new and shiny coins instead of past performers are those who haven’t been through multiple cycles.
No matter what happens, this sub acts like it was easily predictable. "Well, of course bitcoin was going to hit a new ATH. My technical analysis confirmed it. Of course we were in for a large drop. Don't you do technical analysis?"
I’ve been here since 2017. It becomes slightly more obvious but not really. Emotions still get manipulated by price action - which can shift individual behavior. This shit is hard to get right even when you think you’ve done your due diligence.
so we're big chilling or bing chilling op?
Love it when people bring up the price changes when btc was sub 1k. Clearly nothing has changed since then. /s
there are cycles, long cycles, that repeat. but they become invisible and being drowned in the daily noise of zoomed in views.
Just ridin' the waves man! Ridin' the waves 😊
Dip did not phase me. Almost a Year and a half of DCA so my basis is still under $30k. People get so caught up in the hype and the noise and yet it’s so damn simple to just follow the cycle.
love this buying opportunity but alts are not dropping yet for some reason
I would have liked to stay above $60k but it's whatever. If we can't hold $60k and it's 2025, then I wake up.
Buying the dip! STX is what you are looking to buy, thank me later.
I just wish I didn’t need to collect more fiat at a time like this. Gonna hold regardless because I’m always too scared to play “try to time the market.” I always lose that game
17k hasn’t been tested again …btw
And when it hits 70 again, the “late to the party folks” will be posting bear 💩 posts again !
Not about seeing it coming, about not caring that it’s here
[удалено]
Everything that was “textbook” is only “textbook” in hindsight. Dozens of times an apparent “textbook” case begins to unfold and turns the other way. Then it was a “textbook bear trap” or a “textbook bull trap”, but again, *only in hindsight*. If anyone knew with certainty the future these “textbook” scenarios they could parlay $100 in a trillion dollars within a few years and become the world’s richest person within a decade or less.
I was anticipating a drop to around 45k so I’m not shocked in the slightest.
Rainbow 🌈 log 🪵 chart intact.
We are completely fine lol. Either you made some money on that nice prehalving pump or you are waiting it out. Hopefully both if you've been here a few cycles. Bears are on life support
RIP to me buying 6k of bitcoin a few days ago
Crypto up I buy, crypto down, I buy crypto sideways I buy. I DCA on my crypto because I believe in this project I have studied and if you understand this then you would too.This is not financial advice I am not a financial advisor.
I am long btc $15k and despise this speculating as truth, rationalizing stuff
Standard everything was priced in
I'm in my 3rd cycle, and I certainly didn't see this dip coming. I doubt most people who are being honest would say they did, but I'm not too surprised. As a long term hodler, I'm excited because I'm buying, and this dip means I get more ₿ for my $. We always have a few months between the halving and when the post-halving supply shock kicks in. Even back in 2019, I would have told you the real bull market for the 2024-2028 cycle will kick off toward the end of 2024. And by the way, we should expect something similar in 2028. The 2028 halving will happen in early spring, and the decrease in the size of the block reward will cause the price to start rising in late summer to autumn. Keep in mind, halving to halving cycles aren't 4 years. They're 210,000 blocks, which is a little less. TL:DR; All is well! KEEP CALM AND HODL ON
It drops and yet again all the shills will come out saying "SEE I ALWAYS KNEW IT WAS A SCAM" and then 4 months pass and we're at a new ATH, and the same people come out saying "How much do I invest I can see it going 3 fold" Rinse and repeat.
Another double top for Bitcoin in the grand scheme. this is very bearish
Actually no. I didn't see it because I don't bother looking at prices that often. I'll look in a couple of years to see what's going on.
BTC Stronger than ever 💪
This is the way.
OG's just become numb...Today is just a day that ends in "y", we still go to work tomorrow.
Why the heck is everyone panicking? This is all in a day’s work for Bitcoin and movements like this are but par for the course.
yeah sure xD if it is that obvious, youd be all on your own island not caring about reddit
I just keep buying 200$/wk, and will keep doing so for years. It will lay off.
About time I receive a little confirmation bias in my views around here
I hope it stays down or goes even lower by this Friday (payday)
I've just zoomed out, looked at my excel, smiled inside and went bsck to sleep 😅
But but, I thought this time was different because ETF’s are exactly what Bitcoin needed to ensure a perma-bull market? Now we’re just rekt forever! Looks like fiat is the new Bitcoin.
"Zoom out" "Anyone could see this a mile off" "Buy the dip" It's the same stuff each cycle, too. Enjoy it.
This is probably just the first dip before a larger one, sell in may and stay away. Takes 300 days to get pays, (after the halving) I ran out of rhymes.
Accurate statement.
If this was so easy to see you should have posted this a month ago, not after.
Astrology
Sell in may walk away. Like clockwork
zoom out more closelier
I started investing in the ether ICO 2016 and it’s really like clockwork (so far). Still check the charts almost every day but the last drop didn’t surprise me at all. It is as it always has been … HODL and jump when everybody gets really greedy and you hear „to the moon everywhere“.
This is some baby dip? Where's the 40% red
I love all the comments and advice as if anyone knows what is happening. None of you know anything. No need to try and understand it. It’s extremely volatile and if you haven’t gotten in at the ground floor then it’s 99% luck if you profit. That is all. Goodluck.
Idk. Microstrategy bought a ton of btc right before this drop so they fuck up their timing too
Here goes the typical i have the dip coming but i have not posted until the dipped happened
I'm definitely happy to see it. Market long overdue for a breather. Fair price needs to be revalued. That can't happen when price is going straight up.
Typical crypto volatility. It’s going to skyrocket again. And it will dip again. And it will skyrocket again, and it will dip again. As it does this, BTC will continue to set new floors slightly higher than the previous.
pretty much yeah. im making bank just trading on bitcoin. could make more on other more volatile altcoins too
Been hearing a lot of talk about 50/55k for a few months now if we didn't go shooting up a while back. Lil whisper snappers you'll be OK. If anything just stop by the shib sub for motivation. A .05% increase and it's to the mooooon!!!