Yes, may start DCAing in soon.Never thought I would see bitcoin below 20k again.
Eth in triple digits either.
Good opportunity.
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Free registration at the forum removes this block.Yes, may start DCAing in soon.Never thought I would see bitcoin below 20k again.
Eth in triple digits either.
Good opportunity.
As a casual crypto guy, I’ve lost faith in it. I think that many people have lost confidence in crypto and will not be jumping back in to buy more until it shows it can stabilize itself.Yes, may start DCAing in soon.
how we all feeling?
I'm in a similar spot. Casual crypto guy too. Had around 2% of net worth in it. I believe in the tech though, and love its promise. I'll keep only a tiny part of my net worth in it as an asymmetric bet.As a casual crypto guy, I’ve lost faith in it. I think that many people have lost confidence in crypto and will not be jumping back in to buy more until it shows it can stabilize itself.
Normally with a stock, if it drops and drops but I still have confidence in the company I would buy the dips or DCA.
So I ask myself, what price would BTC have to be for me to get back in? My answer is whatever price it can stick to for at least 6-12 months. It just feels like it’s slowly dropping each week and there’s no bottom in sight. Same with ETH.
Disclaimer, I had about 1% net worth in Crytpo. Now about .4% LOL. I was trying to get to about 5% by DCA.
Sell the house, assets, cars, pets, wife, kids
Pets drop in value real quick anyway, get rid of them! Praise be to the almighty bitcoin!Sell the house, assets, cars, pets, wife, kids, savings, everything and go ALL IN on crypto, buy the dip and tread where others are fearful to. Ignore the market and charts and diamond hands all the way. WAGMI.
Sell the house, assets, cars, pets, wife, kids, savings, everything and go ALL IN on crypto, buy the dip and tread where others are fearful to. Ignore the market and charts and diamond hands all the way. WAGMI.
I agree that its too early. Although timing may be different in my opinion. In the U.S. at least we saw the GDP had decreased at an annual rate of 1.5 percent in the first quarter of 2022. I believe we will be down in the 2nd QTR which is at the end of the month. That will officially start the recession here in the U.S. but its really a global thing and may be around for 18-24 months.Psychology is the same at recurring high volantile markets.
Because of that I beliefe, not the price is most important, but the time.
Motor of crypto cycle is BTC halfing, so times after halfing are the same more likely than not.
Thats why I believe, in Oktober / November this year minimum will be arrived.
And as long some of you still beliefe in Cryptos, its too early to buy!
Not if goes to 9k. I stress everyone to take caution when trying to time this bottom. It could be more of trying to catch falling knives. No one knows... Heck, its already 184 away from being in the 18k realm as of my writing.
If Michael Saylor dumps it will be even lower, I'm sure a margin call is real likely for him now.
You mean how we all perfectly timed the top, like that?
Time the bottom you say.
You mean how we all perfectly timed the top, like that?
I sold my stocks in Oktober 21 and my cryptos in NovemberIf you are young there's no better time.
Time the bottom you say.
You mean how we all perfectly timed the top, like that?
dont know if its different with some zeros more, but I was lucky to time it quite good(selling coins and stocks) I m not afraid of timing.If you are young there's no better time.
Time the bottom you say.
You mean how we all perfectly timed the top, like that?
3AC is holding large positions of eth and is on the Verge of losing the position to margin call soon.
If 3ac goes down a lot of liability will drive other crypto firms bankrupt too.
3ac also acted as custodians for running funds. There funds are now “missing” as 3ac took it to cover their own margin call.
I would think no bottom in sight until a big flash crash happen.
Every relief rally is a good chance for this firms to upload their overstretched Leveraged long positions.
This means that a price recovery is impossible until these firms fully unload their positions, which is like impossible because they are literally the bulk of the market.
No chance up, waiting for an inevitable big dump..
1.The question is, when did you buy the assets? Why did you buy them? At that time?Just logged into my crypto account for the first time in months ... it is down 71% from the high. This represents the worst investment I ever made in my half-century existence on the planet. And at its high (assuming the good fortune that I had the knowledge to sell at the high) it would NOT have represented my best investment in my life, not even likely in the top 5.
That duality says all I need to know.
For me, crypto assets on the retail side (not as an entrepreneur) merely represents an insurance policy. In fact, they act more like long-term options (leaps) on fiat currency, like buying puts.
1.The question is, when did you buy the assets? Why did you buy them? At that time?
Many 'singular' stocks / investments plunged at or near 70% the last few months. You can't single out a single stock or asset, and look at it very 'miopic-ly' for a span of months. Even some solid heavy hitters (take amazon) were down as much ~50% off the top in recent days!!Actually I misspoke. I'm down 71% from the high. Taking into account "basis", I'm likely still up since I've been buying for years. I'm just not used to assets declining in value 70+% in a matter of months.
Are you getting back into crypto?I sold my stocks in Oktober 21 and my cryptos in November
dont know if its different with some zeros more, but I was lucky to time it quite good(selling coins and stocks) I m not afraid of timing.
(Btw, sold my busd when we talked about it)
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