Strong Hands Are Buying

[Dunamisx]

Those who caused FUD are now shock 😲 that BTC did not  drop to $10k as thought

they are yet to see anything, wait till the bullrun begins and they will receive the best surprise of their lives, and this set of haters will sit and watch without investing but will never cease of complaining about fiat currency that makes no difference to the economy.

, Even if BTC had drop to $10k, that would have been a good buy opportunity for those who knows the true value of BTC.

it can't even go as low as that, consider the last dip rate it went before 2020

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Sorry I can't pinpoint the exact point you're bringing out here, maybe you make it such a way that can be understandable to us

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[wmaurik]

Those who have a lot of capital can of course do anything without hesitation. They can buy Bitcoin with proper analysis. Even though the price changes are not as beautiful as expected, of course they can still survive. This is clearly seen by those traders who buy Bitcoin in quantities at the right price. I think in a short time he already got a bigger profit. But what about those who are hesitant in making a decision to buy Bitcoin. Of course it will not be obtained. Everyone in this forum agrees with the future of Bitcoin which will reach the moon. The problem is not in the belief, but in the capital and basic needs. We have to prepare capital and continue to buy Bitcoin and hold it for the long term. I am sure with this method we will succeed in getting bigger profits.

In addition to capital as the main thing that must be prepared by everyone who wants to buy Bitcoin, everyone must also have faith in Bitcoin and the future of Bitcoin so that they will never hesitate to buy. Because if there is no belief in Bitcoin and the future of Bitcoin, then someone will not want to use his capital for Bitcoin even though he has a lot of money at this time. So that capital and belief must always be there and must always be balanced so that doubts disappear in everyone who wants to buy Bitcoin.

[JayJuanGee]

Buying cryptocurrency now it's something that is will be profitable in future because and the price is low and you purchase cryptocurrency nothing will make risotto rice in next one year. So those people who is buying cryptocurrency now is in the rightful position because of it's increment. I believe that cryptocurrency is good to be invested for because of the possible opportunity of the increment. So believe

Funny (or would we label it as strange?) that you (minime0105) did not use the word bitcoin at any one point in your post, so it is not easy to know what you are talking about buying.

I would stay the fuck away from buying crypto that seems like a dumbass and vague idea of any kind of thing to think about buying (the reason that the term crypto is associated with shitcoin is because they are crap including some smoke and mirror bullshit like ethereum that could get rug pulled at any moment as well), but buying bitcoin seems like a good idea for anyone who has money during these seemingly dippening times.

Right now, bitcoin's 200-week moving average is approaching $22,900 and it is continuing to move slowly upwards, and historically the BTC price has tended to not be at or below the 200-week moving average for very long periods.  So we are getting close to two months of the BTC's spot price being being below (or around) the 200-week moving average.

[tjtonmoy]

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

[lepbagong]

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

Indeed, there are many factors that cause people to panic, it could be a lack of knowledge like you said but not a little because indeed the capital placed is just that and no other capital is available. so the behavior to sell so as not to lose a lot and as much as possible a small loss is one solution that can be done. even though we know that by selling at a time like this, it is clear that there will be losses and many whales are waiting to increase their savings. so the lucky ones are those who have been waiting to buy as much as possible from their frantic sales.

[wmaurik]

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

That's obvious. Because I also think that those who experience panic selling too often or panic because of price drops are those who do not have sufficient knowledge with crypto and especially with Bitcoin so without thinking, they immediately release their assets at the asking price in the market. So those are the two very basic differences in that.

[Afterclap]

Some believe this is the best time to buy bitcoins as the price is lowest but some think it is the end. Those who believe the market will rise again are buying more and more in order to make profits in the future. El Savador is really obsessed with bitcoins I guess. Not only is it the first country to legalise bitcoins but also it is buying in this downfall. Hats off!

[JayJuanGee]

Some believe this is the best time to buy bitcoins as the price is lowest but some think it is the end. Those who believe the market will rise again are buying more and more in order to make profits in the future. El Savador is really obsessed with bitcoins I guess. Not only is it the first country to legalise bitcoins but also it is buying in this downfall. Hats off!

I browsed through your post history Afterclap, and you make several short and almost meaningless observations.  Some might call them theoretical; others might call them trite... and to me it seems like a BIG, so fucking what? 

Why don't you figure out some kind of a way to tell us what you are doing in comparison to your observations.  Are you just getting started?  or do you just want to make observations because you are waiting to get started?

I frequently will tell people to get the fuck started sooner rather than later, and it will likely start to make more sense to you when you are actively participating.

For sure I recommend to start with bitcoin, but surely some people feel as if they need to learn about shitcoins too.. so cannot really stop people from learning in their own ways, even though I am either not interested in those various shitcoin projects unless there is some kind of a discussion in relationship to bitcoin or a way to tie it into my realizing that you know about bitcoin first in order that you can understand bitcoin's value proposition in order that you might at least be able to appreciate that there is a lot of other projects that may well not be building much if any value unless they are either building on bitcoin or have some kind of a connection to bitcoin, besides being a mere leach off of bitcoin or an attack on bitcoin.

[hZti]

Buying cryptocurrency now it's something that is will be profitable in future because and the price is low and you purchase cryptocurrency nothing will make risotto rice in next one year. So those people who is buying cryptocurrency now is in the rightful position because of it's increment. I believe that cryptocurrency is good to be invested for because of the possible opportunity of the increment. So believe

Funny (or would we label it as strange?) that you (minime0105) did not use the word bitcoin at any one point in your post, so it is not easy to know what you are talking about buying.

I would stay the fuck away from buying crypto that seems like a dumbass and vague idea of any kind of thing to think about buying (the reason that the term crypto is associated with shitcoin is because they are crap including some smoke and mirror bullshit like ethereum that could get rug pulled at any moment as well), but buying bitcoin seems like a good idea for anyone who has money during these seemingly dippening times.

Right now, bitcoin's 200-week moving average is approaching $22,900 and it is continuing to move slowly upwards, and historically the BTC price has tended to not be at or below the 200-week moving average for very long periods.  So we are getting close to two months of the BTC's spot price being being below (or around) the 200-week moving average.

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.

[borovichok]

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

Dumping the price of a coin also leads to it's low market cap including it's trading volume. The reason behind a coin dumps is as a result of big whales in the market triggering their sell order on a coin inother to trapped traders. The whole space is all about patience and getting the right entry for position trading. Knowledge is also the key points in the space if one needs to have average passive profits. Acquaintance with proper trading tips also helps reduce loss and increases gain rate.

[albertorma]

We had > 400B daily volume in the last drop. With FTX being the biggest player, I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

[Captain Corporate]

It is really not a surprise that people could end up working towards buying more during what we call the "accumulation phase" because in the end its the lowest point we have seen in a long time and that is why its easier to buy as of today. Doesn't mean it will make you super rich tomorrow, it will of course take a while before it is high, but it is also a great place to buy and hold. "Strong" is a different word though, I might say rich people, because when you are poor, seeing your investment crashing down is harder,w hen your 5 million dollars become 500k, while you still have 90 million dollars in the bank, its not that hard to have a strong hand.

[Franctoshi]

I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

No one knows if there's gonna be futher liquidation or not but for me I do think that the liquidation is still note yet done,  but we're more closer to the bottom than before.
The number of wallets that are in profit is still like about 50% or more, So until we start to see a lot of this wallets be in lose, that will be the beginning of a bull market.

The best thing ever to do right now is to keep buying as much Bitcoin as we can regardless of the continuous down pressure.

[JayJuanGee]

Buying cryptocurrency now it's something that is will be profitable in future because and the price is low and you purchase cryptocurrency nothing will make risotto rice in next one year. So those people who is buying cryptocurrency now is in the rightful position because of it's increment. I believe that cryptocurrency is good to be invested for because of the possible opportunity of the increment. So believe

Funny (or would we label it as strange?) that you (minime0105) did not use the word bitcoin at any one point in your post, so it is not easy to know what you are talking about buying.

I would stay the fuck away from buying crypto that seems like a dumbass and vague idea of any kind of thing to think about buying (the reason that the term crypto is associated with shitcoin is because they are crap including some smoke and mirror bullshit like ethereum that could get rug pulled at any moment as well), but buying bitcoin seems like a good idea for anyone who has money during these seemingly dippening times.

Right now, bitcoin's 200-week moving average is approaching $22,900 and it is continuing to move slowly upwards, and historically the BTC price has tended to not be at or below the 200-week moving average for very long periods.  So we are getting close to two months of the BTC's spot price being being below (or around) the 200-week moving average.

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.

I am not sure if I understand what you are saying exactly hZti because people use the term crypto in a lot of ways, so sometimes it can be helpful to specify what you mean - even though it seems that I largely agree with your overall point that if there is more money coming into various spaces that are tangential to bitcoin, then likely some of that money is likely to flow into bitcoin. 

It does seem that we are also going through somewhat confusing kinds of times around now with a lot of various projects blowing up because there is overlap with various fiat systems and also with various shitcoin projects in which value gets created out of thin air and then might either blow up (disappear) completely or some of that value might get transferred into projects, assets or currencies that are able to retain their value.

There have been some expressions (presumptions) (and maybe you are suggesting this hZti?)  that "everything is good for bitcoin."  However, when value is robbed or created out of nowhere or is transferred through seemingly fraudulent mechanisms and practices, then there can be questions about whether some of those things are "good for bitcoin" or if they might even be ways to attempt to purposefully attack bitcoin, even though I remain reluctant to subscribe to any theories in which all the bad guys are coordinating because sometimes there might be various coordinated attacks or coordinated attack attempts, but sometimes there may well just be opportunism going on.. and it cannot alway be known the extent to which coordination was happening or up until what levels.

This is common knowledge. Panic seller will sell and dump the price, while people with good crypto knowledge will stay in the shadow and wait for the perfect time/opportunity to fill up the bag.
This is why they say, Less knowledge will lead you to your downfall.

Dumping the price of a coin also leads to it's low market cap including it's trading volume. The reason behind a coin dumps is as a result of big whales in the market triggering their sell order on a coin inother to trapped traders. The whole space is all about patience and getting the right entry for position trading. Knowledge is also the key points in the space if one needs to have average passive profits. Acquaintance with proper trading tips also helps reduce loss and increases gain rate.

I doubt that this topic is specifically about trading, even though it does imply that some bottoming might have been taking place - which surely is a far from certain in terms of figuring out where is the bottom.  And also this thread is about bitcoin.. not about "a coin."  There are a lot of coins out there.. and a lot of shitcoins, so we can go all over the place with the topic if we try to figure out various possible entry points for a variety of shitcoins - and yeah sure, many of us likely understand that a lot of the shitcoins are somewhat attempting to coordinate their pumps and their dumps with various bitcoin cycle happenings.. but still, what are we talking about when we mention what "a coin" is doing?   Are we talking about bitcoin or some other coin?  And if we are talking about some other coin, then likely we are off topic, unless we are somehow attempting to describe how that might relate to bitcoin or the extent that "a coin" - other than bitcoin is relevant here?

We had > 400B daily volume in the last drop. With FTX being the biggest player, I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

Hm?  Tell me more.  You have been registered here almost as long as me, so there are a variety of ways that you could have been accumulating BTC in the past more than 7 years... Of course, I am not disagreeing in regards to the BTC price being at historical low levels, but how can we tell that it is a good time to buy.. also, there may be some of us who have been buying all the way down from $69k until now, and then what happens if we run out of money to buy more?  Sure some folks have cash flow and some do not..

It is really not a surprise that people could end up working towards buying more during what we call the "accumulation phase" because in the end its the lowest point we have seen in a long time and that is why its easier to buy as of today. Doesn't mean it will make you super rich tomorrow, it will of course take a while before it is high, but it is also a great place to buy and hold. "Strong" is a different word though, I might say rich people, because when you are poor, seeing your investment crashing down is harder,w hen your 5 million dollars become 500k, while you still have 90 million dollars in the bank, its not that hard to have a strong hand.

I doubt that strong has to do so much with how much money that you have, but surely there could be some truth that someone who had $9million in the bank versus $5million versus $500k will be thinking about these matters differently, and some of these guys are going to be able to afford to be sufficiently diversified into a variety of assets - but also maybe the question is about whether you are in a building stage of your assets versus if you are more established - either way, you could be a "strong hand" if you have figured out ways to approach your investments in ways that are suitable to your situation..

and maybe not putting too much of your networth, principle or value into one asset class - even though in the earliest stages of investing it is likely more practical to start out investing into one asset class and frequently it will not really be a good idea to diversify too much too soon in your investment career.. and when I am referring to diversifying, I am not necessarily recommending that there is value in diversifying within the crypto space beyond bitcoin.. .. so yeah, if you are early in your investment career, you might be happy to be able to accumulate bitcoin at a lower price, but if you have accumulated some bitcoin but you are still kind of early in terms of building your investment portfolio you might be more stressed than someone who has been able to build various cushions- not even presuming that everyone who is rich was born with cushions because there can be quite a bit of variation in starting points, including advantages that some people might have with already having investing cushions in the beginning of their investing career/practices.

I think further liquidations will be extremely irrelevant. Smart thing to do is buy. Fundamental value of bitcoin has never changed.

No one knows if there's gonna be futher liquidation or not but for me I do think that the liquidation is still note yet done,  but we're more closer to the bottom than before.
The number of wallets that are in profit is still like about 50% or more, So until we start to see a lot of this wallets be in lose, that will be the beginning of a bull market.

You are full of shit if you believe that there is some kind of need for more wallets to NOT be in profits in order for the bottom to be in.  It could have well been the case that the bottom could have been in in May when we were in the UPper $30ks... It was also quite possible that the bottom could have been in around the 200  week moving average (which is now around $24k), and it would have been possible for the bottom to have been in within 20-30% below the 200-week moving average... but it wasn't.. and so now the BTC prices are quite lower, and the bottom may be in, and it might not be in... So there is no need for further down in order for up to happen.. it just cannot be known with any kind of certainty when the bottom is in, even though we might know about some factors, indicators or even background information that suggests to us which way we might believe the BTC price is more likely to go.. but we cannot really know what is going to happen until after it happens.

The best thing ever to do right now is to keep buying as much Bitcoin as we can regardless of the continuous down pressure.

Cannot really disagree that we are historically low prices... and that BTC fundamentals are still strong, even though there could still be a decent amount of ongoing negative price pressures that still need to work themselves out.

[Inwestour]

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.

Great example! I used to know one person who was engaged in MLM (multi level marketing), he did not always have good results, but he always blindly believed in success. Once I spoke to him and asked where you have so much strength and faith that you will succeed, and he answered me that new people always appear, every year young people graduate from schools, colleges, they look for work, dream and want to achieve something In this life. And if I can't build my structure with the people I'm talking to now, then I'll build it with new people in a few years.

I think that this can be applied to bitcoin too, every year more and more people learn about it, every year there will be more people who are willing to own any part of it and in the end we will only have to wait until the moment comes when its price is again will start to grow.

[albertorma]

Hm?  Tell me more.  You have been registered here almost as long as me, so there are a variety of ways that you could have been accumulating BTC in the past more than 7 years... Of course, I am not disagreeing in regards to the BTC price being at historical low levels, but how can we tell that it is a good time to buy.. also, there may be some of us who have been buying all the way down from $69k until now, and then what happens if we run out of money to buy more?  Sure some folks have cash flow and some do not..

In fact, I am one of those guys, I don't have any "cash flow" because bitcoin is the only currency I use. Never had a work that paid out Fiat currency. Like the saying states, time in the market is more important than timing the market. I am not much into short time speculation/profits, for me bitcoin, at Its core, is a currency rather than an investment vehicle, in opposition to what the majority of the world thinks right now.

With this being said, I still decided to give my opinion, as I am getting similar vibes to 2018 bear market and I feel, the market could have bottomed already. Shitcoiners are leaving, leveraged players are getting rekt, retailer lost trust, media is celebrating the bitcoin death, we are seeing miner fud for the third time in eight years, media still refuses to understand what a difficulty adjustment is... From my perspective, the reasons for the price drop are people just not understanding bitcoin yet.

I only focus on fundamentals, no matter what. And the truth is, to date, bitcoin is the purest form of money. Decentralized money ideas exist from 80s (crypto anarchist manifesto) and ideas cannot be destroyed, only improved. It is certain that eventually the idea of decentralized money will succeed and give us back the power governments and bankers have stolen from us, with bitcoin having the highest chance to lead this revolution. The "industry" being full of shit, does not invalidate any of the good things we already have.

In conclusion, having in consideration the fundamentals, and the USD situation getting worse and worse every year, with bitcoin being at 16k ish and the whales buying all the way down, I think allocating a percentage of your portfolio to bitcoin is a responsible and smart thing to do. Despite what recent price action tell us, bitcoin is a great hedge, because It will continue to exist forever, unlike the USD. I highly doubt It will continue on going down. Can't be certain as markets are irrational, but whatever happens, I want to be part of this.

[Ebede]

There is no strong hand buying Bitcoin because Bitcoin does not read recognise anybody it is when the investors of cryptocurrency directly to bitcoin is larger or higher it is when the technology of the market of Bitcoin change shape but people does not understand it in that way so I believe that cryptocurrency have its own way of having inclement

[JayJuanGee]

There are many indicators that people use to tell you why bitcoin will go to an ATH soon. Still in reality it all comes down to supply and demand. There are constantly new people in crypto and if prices go down you can get more crypto for the same price. So at some point there is more money than bitcoin and prices will go up. We just have to be patient and wait.

Great example! I used to know one person who was engaged in MLM (multi level marketing), he did not always have good results, but he always blindly believed in success. Once I spoke to him and asked where you have so much strength and faith that you will succeed, and he answered me that new people always appear, every year young people graduate from schools, colleges, they look for work, dream and want to achieve something In this life. And if I can't build my structure with the people I'm talking to now, then I'll build it with new people in a few years.

I think that this can be applied to bitcoin too, every year more and more people learn about it, every year there will be more people who are willing to own any part of it and in the end we will only have to wait until the moment comes when its price is again will start to grow.

We likely need to keep in mind that frequently there can be a difference between items that might be highly marketed and items that actually have substance, so part of the ongoing battle with bitcoin seems to be that it has strong fundamentals and likely substance in terms of various aspects of its utility to have the ability of individuals to be self sovereign with their money and also likelihood to hold and increase in value in the long run - while at the same time, a lot of the bitcoin imitators rely heavily on marketing and the perception of value - contributing to confusion in a variety of ways - including that frequently very smart folks are likely getting behind pump and dump shitcoins (and vaporware) that sound good on paper but they frequently are not developed but instead meant to take advantage of people... which causes additional confusion regarding the extent to which bitcoin differs from the snake oil products.

In other words, networking effects do contribute to bitcoin's ongoing growth - but at the same time can be used by scam products to give the appearance of both growth and value.. when there may well not be any substance behind some of the products that appear to be adding value.

Hm?  Tell me more.  You have been registered here almost as long as me, so there are a variety of ways that you could have been accumulating BTC in the past more than 7 years... Of course, I am not disagreeing in regards to the BTC price being at historical low levels, but how can we tell that it is a good time to buy.. also, there may be some of us who have been buying all the way down from $69k until now, and then what happens if we run out of money to buy more?  Sure some folks have cash flow and some do not..

In fact, I am one of those guys, I don't have any "cash flow" because bitcoin is the only currency I use. Never had a work that paid out Fiat currency. Like the saying states, time in the market is more important than timing the market. I am not much into short time speculation/profits, for me bitcoin, at Its core, is a currency rather than an investment vehicle, in opposition to what the majority of the world thinks right now.

On a personal level, your situation does not seem to be very broadly applicable, and I have trouble figuring out what you mean exactly.  I am not saying that your approach is not practical because it may well be very well suited to your situation.

However, the vast majority of folks either have some kind of a fiat cash flow or maybe they have an income in bitcoin and have to convert a decent amount of that to fiat, so there still well be some need to be some balance in terms of figuring out how much fiat to convert and whether to convert some of it in advance and also how much risk there might be if too much bitcoin is held on the balance sheet.  If you are ongoingly experiencing an income in bitcoin that is excessive of any fiat expenses that you have, then yeah you are then in a position to just cash out as much as you need.. even though you might still be concerned about splurging when the BTC price is at high points rather than low points - so even after having had said all of that, it still seems that most of us who hold decent amounts of bitcoin are not going to completely escape from considering strategies that attempt to account for bitcoins volatility and even trying to plan around that.

There are also some people who might be born with considerable wealth cushions, and they learned enough financial skills that they are not putting themselves into financially vulnerable places, but still it seems that even if our own personal position might not be vulnerable to some of the greater bitcoin volatility swings, there still some need to attempt to describe our ways of managing BTC volatility in generally applicable ways.. and I can relate that sometimes I am also accused of lecturing bitcoin strategies to newbies (or to people who are in positions quite different from my own financial/psychological position).

With this being said, I still decided to give my opinion,

Nothing wrong with that.. and it seems that a lot of us appreciate hearing from guys/gals who have different perspectives, especially if you have been involved with bitcoin for a while.. however, if you start to devolve into shitcoin talk, then that would be another story.

as I am getting similar vibes to 2018 bear market and I feel, the market could have bottomed already. Shitcoiners are leaving, leveraged players are getting rekt, retailer lost trust, media is celebrating the bitcoin death, we are seeing miner fud for the third time in eight years, media still refuses to understand what a difficulty adjustment is... From my perspective, the reasons for the price drop are people just not understanding bitcoin yet.

It seems that I agree with every thing that you said there... except your point about shitcoiners are leaving.  One of the BIGGEST of the smoke and mirror Ponzi Rube Goldberg machine shitcoins is Ethereum, and even if it might not suffer as BIG of a dramatic downfall as the FTX baloney, it is likely similar in terms of the magnitude of the value that is captured within that baloney pandering for influence project... that has been way more successful in terms of holding itself up than anyone with any appreciation for its various fakeness and its building on affinity would have expected.

I am not even suggesting that that scam is imminent in terms of its death, even though it seems to somewhat fly in the face of your assertion that "shticoiners are leaving" since that project has been holding its... 0.07-ish peg to bitcoin, and it is likely not even should be valued at 0.007-ish.. .. so that project could keep going many many more years.. perhaps?  unless it is more iminent in dying than I can see... I thought it should have been dead several times in the last 6-7 years, and it keeps plugging along scamming people (while the people they are "scamming" make money - which seems contrary to definition) and even building more ways in which scams can be built on top of the foundational scam...   Perhaps one of the greatest value that Eth and it's various imitators bring to the space is the ability to easily build more kinds of scams.

I only focus on fundamentals, no matter what. And the truth is, to date, bitcoin is the purest form of money. Decentralized money ideas exist from 80s (crypto anarchist manifesto) and ideas cannot be destroyed, only improved. It is certain that eventually the idea of decentralized money will succeed and give us back the power governments and bankers have stolen from us, with bitcoin having the highest chance to lead this revolution. The "industry" being full of shit, does not invalidate any of the good things we already have.

Fair enough.. No contention with you there.. except maybe just to qualify that I am not going to necessarily presume that progress is perpetually upwards.. so even if there are various aspects in which progress is being made.. and surely bitcoin was a phenomenal break through, there are still new ways in which status quo incumbents are battling in ways that cause a lot of difficulties.. and yeah, maybe in the very long run justice and bitcoin (or something close to bitcoin) will prevail, but I am not even going to presume that the ability to further manipulate down is over.... .. and yeah,.. there is no need to necessarily get into gloomy scenarios, to be able to recognize that bitcoin remains very powerful, even when a lot of ammunition is thrown at it.. and even with a lot of the ways that there have been attempts to fuck with it in similar ways that that fuckery happens with traditional asset classes, and some of those folks are getting their asses handed to them.. when it is found out that they do not have the bitcoin.. and surely some of the bad actors in FTX, Terra/Luna, 3AC, Celsius, Voyager, Blockfi, and some others (and still some who are unknown) were able to escape with more bitcoin than they deserved.. at least so far it seems that some of the bad actors have the bitcoin (or maybe if they transferred value into other asset classes that they are able to keep to themselves unjustly).

In conclusion, having in consideration the fundamentals, and the USD situation getting worse and worse every year, with bitcoin being at 16k ish and the whales buying all the way down, I think allocating a percentage of your portfolio to bitcoin is a responsible and smart thing to do. Despite what recent price action tell us, bitcoin is a great hedge, because It will continue to exist forever, unlike the USD. I highly doubt It will continue on going down. Can't be certain as markets are irrational, but whatever happens, I want to be part of this.

Hahahaha.. You are like preaching to the choir there.




P.S.  By the way,  I did a quickie look at your post history, just to see if there might have been some reason that I had not previously noticed any of your posts (not that I can remember), and surely the post you just made is probably close to one of your best posts, if not your best post...  ... In other words, you have quite a few shitty posts in your post history,...... hahahaha.. no problem.. You can do whatever you like..I just thought that I would mention that I did a quickie look.. because I just wanted to see if I might have missed something.. You know sometimes a brand new member comes onto the scene.... and then I see some of his/her posts, and I am like: " '¿holy shit?' where did this person come from?  How did s/he get to be so smart?"  hahahahahaha.. I could mention some names.. but I really don't like to do that.. except to just mention that those kinds of things sometimes have happened to me, for what it's worth?.. ..  . 

[Vaskiy]

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

[JayJuanGee]

A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.

What's crypto?  We are talking about bitcoin in this thread.