[edited out]
But I think it's safe to also say that the vast majority of people who do not understand Bitcoin but want exposure to its volatility are ETF investors.
Period.Some people seem to just love to say, "period. Full stop." or emphasis... and that expression does not tend to excite me, even though surely, it communicates that the speaker is likely confident in what they had to said, but what they said still could end up NOT being correct... or at least worthy of some back and forth discussion.
Fuck and bollocks
That's all I have to say
face it we were pumping this dead horse corn from under $1000 and the hype is real but the real terror hits reality around ~$60K imho (; lets gooooooooo
Even though you may well have a wish, you don't seem to understand dee cornz.
Under $1k was last seen in early 2017 (perhaps until about March at the latest), and it has not been seen since about April 2017 and thereafter.
Yeah, sure, your fantasy price could be reached, but what purpose would that have for you?
Have you shorted and waiting to fill your short, or would you long at that point and then sell upon a certain price appreciation level?
You would probably be like the dog who caught the bus, with no real and/or meaningful plan upon achieving your wish.
Also, you speak with certainty, yet I doubt that you would actually back up your claims with some kinds of a meaningful bet.
Nil desperandum.
Looking forward to the next inevitable all time high
Patience grasshopper.
It seems that "we" have to get through the low first before we start to get too worked up about the next high, that might or might not happen...
Of course, the odds for further up seem to be pretty high - even though they are not guaranteed.
At least, that is the way I see it.
It also seems to me, one leg at a time, and yeah if we get attached to looking at the subsequent leg before the current leg has been resolved and/or established, then by definition, we are jumping ahead of ourselves.
Our latest low is $85,912 - nearly 5 hours ago, as I type this post.
Sure that could be our local bottom, yet I would imagine that a lot of guys would prefer to get some further distance (perhaps even a large spring-back) before they start to develop confidence that the bottom might be in.
There surely are guys who seem to be thinking that time-wise and/or even price-wise, we need some time to gigure out if the bottom is in or not, and surely there are a decent number of the DOWNity inclined guys who are considering that we still have quite a it more bottom to play out before we would even be ready to start to pinpoint when or how far a top might take us.
I had 2 out of 3 of my $86k-ish buy orders fill, and so I still have one more to fill, even though I don't really care if it fills or not, even though it was within about $35-ish of filling.. so that can be a bit frustrating to have so close, but not to fill.
[edited out]
I’ve seen this movie before.
Even though you qualified several of your statements, you are still a bit over confident in your reliance on certain pieces of evidence that should not lend the level of confidence that you seem to be assigning to certain pieces.
at caps: there were positive ETF flows yesterday but spot declined a few grand- which might just be an artifact of IBIT's T+1 reporting delay. Perhaps ETF activity doesn't even accurately reflect spot, at least not on higher time frames
I still think ETFs buy Paper Bitcoin, until proven otherwise.
I have a similar suspicion in regards to several of the ETFs.... (especially Fink/Blackrock and their relationship with Coinbase and even Saylor/MSTR Coinbase. In essence the ETFs and even Coinbase as a custodian and perhaps even aspects of the US govt slipping into controlling Tether and Binance, are likely being allowed to play certain paper games and to be able to get away with playing paper games and/or manipulation.. at least so far... They also can set themselves up to be able to profit in either direction, up to a point.. but at some point, their playing around with paper bitcoin might become too difficult to cover up..
at caps: there were positive ETF flows yesterday but spot declined a few grand- which might just be an artifact of IBIT's T+1 reporting delay. Perhaps ETF activity doesn't even accurately reflect spot, at least not on higher time frames
I still think ETFs buy Paper Bitcoin, until proven otherwise. 
If it is quoted in mainstream media, then it must be true - especially if I see it on TV.
Do the custodians have systems that reliably and timely show their proof of reserves?
Careful with your taking certain pieces of information as if it were true merely because someone you like said it.
Now it would be a good opportunity to take gold profits and buy Bitcoin, right?
(Seriously.)
I would not have bought gold in the first place, but hey, that's just me... and perhaps a few others who might strive to not get distracted by a shiny and ancient rock, to the extent that you can even get the real deal when it comes to gold.
Now it would be a good opportunity to take gold profits and buy Bitcoin, right?
(Seriously.)
well I took a good amount of silver profits and got a lot of btc with it.
so I will agree with you.
I am not trying to be overly harsh towards uie-pooie, even though I think that I need to suggest that you are not a very good role model for many normies when it comes to how you are dealing with your bitcoin as compared to other places that you could put time, energy and monetary value..
When I responded to d5000 in my above post, I was considering using you as an example of what not to do, yet you volunteered yourself, and proclaiming yourself as an example of what can be done, and even suggesting that what can be done should be done.. which is not true...
Bitcoin remains amongst the best of places to put time, energy and value, currently and also historically, at least in the past several years, even though you can cherry pick some places where your lack of focus ended up paying off... like gambling and betting on red..
Sure, congratulations, you were lucky in your choice to gamble, but you should not have had been fucking around with gambling in the first place. Gambling is not a good approach to an investment, something like bitcoin.
Now it would be a good opportunity to take gold profits and buy Bitcoin, right?
(Seriously.)
well I took a good amount of silver profits and got a lot of btc with it.
so I will agree with you.
Your investment pattern is quite encouraging.
Never too late to buy Bitcoin.
Just don't dig too deep... but yeah, if you get the message that it good ongoingly buy bitcoin, then that might be a good message to get out of the situation.
Anyone who is somewhat new to bitcoin (within their first whole cycle) should be accumulating bitcoin (for their own good) regularly, persistently consistently and ongoingly.. but yeah, it can take a decently long time to build a decently sized bitcoin stash - perhaps 4-10 years or longer just to build up a bitcoin stash to a large enough of an extent to be able to considering some other strategy, besides ongoing accumulation.
[edited out]
I think this is not a stock market crash .
here is why
the left and the right both use the market and both get hurt with a full crash.
but with BTC and dare I say crypto it has drifted to a
right wing maga product and many left wing anti maga will try to hurt BTC since they think it is a maga thing.
just think how Jimmy Kimmel, Colbert, Fallon, Cordon , Meyers, Jon Stewart fared by going anti maga hint they lost audience share.
So unfortunately Maga+BTC is not as good as BiPartisian+BTC
Be prepared for down Time more with BTC and longer than with the stock market.
Maybe Trump does end up being the greatest BTC Cooler ever.
He entered at 108k and we are now under 90k that's pretty good cooling.
Lucky for me I have a lot of cash ready for drops in price.I am certain and absolutely believe this will go low enough to actually cause a mining hash rate drop which did not happen in 2022 (hashrate went side ways)
I will post with my btc dip buys when I go over 1.1 coins
Surely a lot of your problem historically has been your tendency (and practice) of overly weighting yourself in cash, and even that sometimes does not work out very well because you are nearly unable to actually hold onto bitcoin once you accumulate it.
Maybe this time you will be able to play it better, yet I have my doubts.
Think about the matter.. since 2022, bitcoin has doubled in value right around times from $15,479 to $126,272.. and then sure now we are down to around 5.5x price appreciation with a price that is around $7k.
I have trouble seeing the value getting in and out of bitcoin, and if we take the timeline back even further the results are even more outrageously favored in erroring on the side of buying and holding bitcoin, not fucking around with trying to trade it.
[edited out]
Amazing wrong opinion!
You are really deep with your analysis BTCETFInvestor. I suppose it doesn't really matter too much, so long as grandma keeps bringing the cookies and milk, then at least there is some stability going on in the world (at least your isolated lil fantasy world where you haven't seen a propaganda piece that you didn't like.. and yeah, critical thinking skills take time to develop, even though even if we have critical thinking skills, we realize that we still might not be correct in our analysis of facts, logic and/or conclusions that supposedly is based on actual facts and good logic rather than just arguing from the conclusion that you wished to be true).
All I know is 1.008 btc and climbing
Will take a break til we hit under 85k (if such a thing were to happen)
FTFYThere is likely value in not overly presuming price dynamic matters.
Poll
