Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.
If you are a newbie no coiner or low coiner, then waiting does not tend to be a good strategy.
If you are a newbie no coiner or low coiner, you need to start to turn yourself into a coiner by buying bitcoin regularly within the context of your discretionary funds. I tend to like buying weekly and getting into a habit of buying every week.
If you want to save up to 20% of your regular BTC buys for buying dips that may or may not happen, that is up to you, yet it tends to take a decently long time to build up a bitcoin stash, and many guys are not really able to do it in a cycle or two unless they are able to front load their investment in some way, whether lump sum, DCA, buying on dip or a combination, and yeah, I am not much of a fan for buying on dip for newbies, since the dips might not end up happening, yet if you are buying every week, you will end up catching dips anyhow, and perhaps after buying a cycle or two you will figure out how many bitcoin you think that you need.. which come from ongoing buying, not fucking around with trading (which seems to be where your head is right now.. and trading tends to be a way more uncertain approach in regards to making sure that your bitcoin size is ongoingly growing.
Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.
No solid suggestion in this market, but with the current rising rate I feel that we are quite close to a 100k jump
Huh?
You @alexrossi have been registered here since March 2013, so for you, you have had plenty of time to accumulate bitcoin. @weallbitcoiners, on the other hand, is a newbie and likely a no coiner or a low coiner.. and how the fuck are newbies supposed to get started in bitcoin, from your perspective? By waiting?
Waiting does not come off as either a serious approach to bitcoin, or an approach that is going to get newbie weallbitcoiners off of lowcoiner (or worse yet, no coiner) status. The only way to get off lowcoiner or no coiner status is to start buying, and most likely buying regularly, consistently, persistently, ongoingly and perhaps even aggressively (if he can get his cashflow management under control?).
Then after a cycle or two of ongoing bitcoin accumulation, then maybe at that time, there might be enough of a bitcoin stash that might justify fucking around with waiting for dips that might or might not happen, might become relevant.
Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.
Be like jjg and dca.
I am not the ONLY one that both advocates for (and did) DCA to establish a decently solid bitcoin stash, even though I am not opposed to throwing in lump sum buying and buying on dips, too (though buying on dips tends to be inferior and better as a supplement)..
I would imagine that DCA was probably happening well before the term was popularized by Benjamin Graham in his 1947 book,
The Intelligent Investor. (which I looked up such reference on the interwebs)I think that many of us are in great shape as compared with folks who might have had invested in other things since 2020.
C'mon, the great shape must have to do with the
challenge you've been doing since 2024 too!
Sure, but I was still referring to financial shape, and maybe getting into the idea that time in the market is better than timing the market, and I have a hard time imagine very many scenarios of guys in bitcoin less than 5 years that have been able to really establish a bitcoin position in which they would be able to rest in peace in regards to their bitcoin holdings, unless they were able to front load their bitcoin, and even come kind of a frontloading would have had rare odds of getting them an average bitcoin buy price of less than $20k per coin... which does not seem to be enough to get to fuck you status, if something like that might be the goal.. or even to advantage from the ongoing and seemingly accelerated debasement of the dollar (and various other fiats) over the past 5-ish years.
base on July 2019 88.6k would just about match that rally which ended up being veal not bull.
So 90k would be a better comeback than the July 2019 veal rally.
I don't know from where you are getting your data.. yet the relevant portion of the April to July 2019 rally was that the BTC price had gone from $4,200 to $13,880 (around a 3.3x pump), and then the corrected back into the $7k's-ish.. and kind of bounced between $7k and $10k for several months until the March 2020 crashening - which might be considered as an aberration, by some bitcoin "analysts"
and 100k would be a young bull no longer a baby or veal rally.
So for me to say the bear is over we need to become a yearling bull say 100k before or if we retreat under 72k
oh as to what is a baby bull:
"Understanding the Term “Baby Bull”
First, let’s break down the words. A bull is an adult male of the cattle species, usually kept for breeding purposes. However, when a bull is still very young, it goes by a different name. In simple terms, a baby bull is called a ‘bull calf’. "
https://completeera.com/what-is-a-baby-bull-called/#google_vignetteSo we still have balls and are technically a 'bull calf' as of today
why that name it has balls and has not been converted to a steer
Aside from your seemingly quasi-delusional ramblings, getting above $100k and stayng there for a few days (perhaps close a weekly candle there) would be pretty strong evidence that we have gone from bear to bull.
Otherwise we are still in a bear, until we get some more powerful signs to the contrary.
#justsaying.
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