well I wonder sub 50k possible?
Of course it is possible.
So yeah, the closer that we get within striking distance of some prices that we might have otherwise considered not very probable, they all of a sudden become not only probable, but more likely than what they were previously.
So yeah, we may well be getting into questions of how low, and if there are some lows, then how long can it stay down at whatever level that it might end up reaching. this might be a time for the USGovt to throw in the selling of some coins that it might have available.. and then there might be questions about whether Germany might have had gotten smart enough to buy back or not... (I doubt it, but you never know about these kinds of matters and who might be the sellers and who might be the buyers).
I wonder what regular markets would do tomorrow?
Nas futures are down "just" 2.4%.
Bitcoin always prices in whatever calamity is coming first, S&P follows.
Check out March 2020.
That's the thing.. We cannot really know, and yeah at a certain point even those of us buying on the way down start to get nervous, start to run out of money and also start to consider ways to juggle whatever money we have remaining, so that we don't actually end up running out.. so the lower we go, the more I may need to start to consider at what price points I may need to reconsider whatever money I have left that is within various buy orders.
DragonvsLinux must be chiming in soon.. even though now it might be too late for some of the bets that earlier I would have had been willing to enter into.
I wonder what regular markets would do tomorrow?
They will either go up, go down or stay the same.
Financial advice in a nutshell.
People actually pay for that too.
No fucking way that I am going to pay for that.
But I might let you sing me a song (or sing such for a friend of mine), to help "us" feel MOAR better about our current doldrums.
Any recommendations?
Do you have any about birds?
[edited out]
...and..what are your 2c?
you can reply with a song
Personally, I think a bird song might be better. .. or maybe a song about a rabbit
(or a bunny?).. #justsayingGiven my potentially arguably tumultuous history with sirazimuth, and my recent attempts at a distance alliance with Marcus, I might not be the best in regards to making these kinds of requests.well I wonder sub 50k possible?
Possible, sure. I’m really hoping this latest dip is the worst of it though. The next major support level below $50K is at $40K as far as I can tell, so we should all be hoping that $53K holds. The volume spike on this last dip is enough to call a bottom if you ask me, but at some point something is going to have to change the market direction to up.
Surely the dip seems a bit much, but we can never really know when it is over or how much more its got to go, even when trying to see a BIG spike at the bottom and then a decently sized spike back up.. but yeah, sometimes the momentum has to get going back in the other direction before we would be able rest assured that the bottom for this particular correction is feeling like it is mostly "in".
I wonder if ETF’s buying the DIP
This would be an excellent opportunity imo.
I get the sense that some regular guys might not be able to buy the dip until the market opens, yet those dweebs who operate the ETFs are ale to engage in a certain amount of front running, and yeah all of that officially endorsed by our favorite uncle.. whose name is Sam..
TL;DR A strange cycle
They are all strange.
What else is new?
And I am really starting to look at btc as billionaires bitch toy yoyo 🪀
Why do you have to be so dramatic, Philip?
Of course, in bitcoin there have always been manipulators, and it still remains a BIG so fucking what that the manipulators are becoming richer and richer.. which is ONLY expected to be the case when anything (including our lil precious) gets bigger and bigger and it gets financialized then more players are going to be trying to fuck around with it, but even if they are bigger players trying to fuck around with it, it would be fucking retarded to presume that they get their way merely because they are BIGGER. Sometimes you makes statements that cause me to wonder if you even have any appreciation of the paradigm shifting nature of bitcoin, or you merely plug bitcoin into some already understood category and you analyze it's price dynamics as if you already know the limits of its possibilities - as if it were merely a fancy stock or a fancy stock that has a digital gold component or some other kind of Philip invented category... and yeah, I almost forgot.. you also seem to presume that the Feds with their various interest manipulation games, actually have some level of control over the direction of the macro market (including implicitly having some level of influence over bitcoin, too.. so which was part of the reason that you wrongly presumed in late 2022 that there were benefits to make sure that you were allocated in IBonds rather than making sure that you were sufficiently/adequately allocated in bitcoin).
at JJG
i have a cap loss created from my 2022 sales.
no point selling.
I stretched and simply made my buy ladder go lower.
I want a good stack this time.
no real mining anymore so I need a different plan of making bank.
Well, not that I consider it to be worth it to take cap losses with bitcoin, but whatever, those are your own discussions with your tax/accounting advisor, so surely there could well be some legitimate reasons to have had worked your accounts in that way.. ..and yeah, so hopefully that works out better for you in terms of whatever buy ladders that you currently have going on.. and if you are considering that you are in a kind of BTC accumulation stage, then surely there can be value in regards to buying on the dip, but there can also be value in terms of DCA, yet personally I don't consider what I do to be fucking around with trading.
Surely, I don't recommend trading.
I recommend longs, and longs should have a 4-10 year time horizon for any new purchases, and I have my doubts about whether you actually have 4-10 year time horizons on your new purchases (and you are describing them to be BTC that you are accumulating (which implies investing rather than trading), so from my point of view, based on your seeming likely choice of less than a 4 year timeline, you would likely still be trading rather than investing.. and yeah, it may well work out for you (and of course it is your choice.. but I get a bit anal when some folks are describing their trading of bitcoin as if it were investing)..
I am not going to proclaim to know how anyone might structure their ins and outs in bitcoin, which is part of the reason that personally I tend to suggest anyone getting into bitcoin or accumulating bitcoin under a premise of investing have a 4-10 year time horizon for any of their purchases... and if someone DCAs for 4-10 years, then surely some of the coins that they purchase over that period will start to pass 4 year time horizons or longer while they are still in their BTC accumulation stage, and at the same time, it still can take a while to get to a status of enough bitcoin or more than enough bitcoin.. especially for anyone who is DCAing rather than lump summing into bitcoin...
and yeah sometimes lump sums could come in a way that is coupled with buying BTC on the dip, yet that would be a bit of an overlap of the different kinds of BTC accumulation strategies (which are DCA, lump sum and and buying on the dip). No one really can determine if any of us might have reached enough or more than enough BTC (so we have to mostly make those kinds of determinations on our own), which at the point of sufficient (or preferably over accumulation) then various kinds of sales could start to become authorized based on either sustainable price-based systems or time-based systems, which of course I attempt to outline those ideas in
my sustainable withdrawal thread.
Bitcoin down 25%+ means this is a bear market which i said some time ago.
Even though you repeat your wish(es) on a fairly regular basis, you would not know a bear market if a rabbit slapped you in the face... or maybe a bird?
Waiting for sirazimuth on this one.Don't listen to those bull cunts.
Of course, listen to Paashaas. For sure he is very smart and he knows downity when he sees it - especially since he has been calling for Downity since $32k-ish, so surely sooner or later, he is going to end up being correct.
Maybe it is this time? Perhaps? Perhaps?
Bitcoin follows stock market, the current financial meltown and Iran threatening Isreal to attack which makes Bitcoin collapsing.
That could be. We wouldn't want instability in the world.
Looks like someone trying to keep us under 55 right now.
Might there be some waiting for the ETF markets to open up? I am not saying that I know anything specifically.
\
Richy_T is a shitcoiner/bigblocker at heart never take him for granted.
There is no whale dumping, Asain markets collapsed that why Bitcoin tanked with another $6000.
Well. It is good that you set me (and everyone else who might have been a doubter or confused) straight on these matters.
Poll
