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Buying the dip?

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Comments

  • LongDukDong
    LongDukDong Member Posts: 1,355
    There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe
  • sonics1993
    sonics1993 Member Posts: 1,460

    There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

    Maybe. I'm prepared for it because of the leverage being out of control. How BTC reacts to 56k will be the key factor.
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 69,803 Founders Club
    Well, according to Dylan LeClair, 85% of all Bitcoin hasn't moved in almost 4 months, meaning investors are hunkering down and HODLing. With 7-10 million new worldwide investors entering the BTC market each month, and corporate money entering now as well, it stands to reason that the price will go up.
  • LongDukDong
    LongDukDong Member Posts: 1,355

    There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

    Maybe. I'm prepared for it because of the leverage being out of control. How BTC reacts to 56k will be the key factor.
    I agree with you on the over leveraging. The whales know when morons take out leverage on bitty and they get fucking rekt each time. It’s happened a lot in the last six months and people still take out leverage only to get rekt again. Rinse and repeat again.

    I personally believe in the stock to flow model

    We’re on our way back up to new highs very soon. 98k in November and 135k December. 10 years of data and it’s been extremely accurate to date.
  • greenblood
    greenblood Member Posts: 14,566
    Either way, I’m in it for 20-25 years. Just buying dips and holding
  • HireBRoy
    HireBRoy Member Posts: 77
    edited November 2021
    Thoughts on crypto IRAs? @greenblood I have the same plan so might as well not get taxed
  • greenblood
    greenblood Member Posts: 14,566
    edited November 2021
    HireBRoy said:

    Thoughts on crypto IRAs? @greenblood I have the same plan so might as well not get taxed

    I don't know much about them, and they'll have continuous fees. Holding what I like is free.
  • creepycoug
    creepycoug Member Posts: 24,282

    There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

    Maybe. I'm prepared for it because of the leverage being out of control. How BTC reacts to 56k will be the key factor.
    I agree with you on the over leveraging. The whales know when morons take out leverage on bitty and they get fucking rekt each time. It’s happened a lot in the last six months and people still take out leverage only to get rekt again. Rinse and repeat again.

    I personally believe in the stock to flow model

    We’re on our way back up to new highs very soon. 98k in November and 135k December. 10 years of data and it’s been extremely accurate to date.
    It's just "rinse and repeat." There is no "again".
  • sonics1993
    sonics1993 Member Posts: 1,460

    There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

    Maybe. I'm prepared for it because of the leverage being out of control. How BTC reacts to 56k will be the key factor.
    I agree with you on the over leveraging. The whales know when morons take out leverage on bitty and they get fucking rekt each time. It’s happened a lot in the last six months and people still take out leverage only to get rekt again. Rinse and repeat again.

    I personally believe in the stock to flow model

    We’re on our way back up to new highs very soon. 98k in November and 135k December. 10 years of data and it’s been extremely accurate to date.
    I don't think we see 100k until Q4 of 2022
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,553 Founders Club
    I bought ETH at less than $1k so idgaf and am hodling for long.