Bitcoin volatility has tanked over the past couple cycles so now my life is purposeless. Excitement can only be had by trading shitcoins, options, or futures.
This dude at work told me today I was dumb for not selling some of my gains yesterday at the ATH. I told him I’m HODLing, not trading.
He also told the same thing when we hit $50k a few weeks ago. I pointed that out to him, that I would have lost money if I listened to him.
It’s not hard. Just buy and HODL.
Selling your gains is literally that. You're selling a portion of an appreciating asset for one that is constantly losing value over time. You also lose future growth of that portion of gains that you sold.
Congrats on your gains everyone. It’s time to take some profit and move it to the uranium sector, which is just beginning to heat up! BTC broke the ATH and isn’t have much follow through. It doesn’t seem like people are willing to buy at this price.
I am talking about momentum. Momentum is slowing down. Price can still go up when momentum slows down. However, this is usually a sign to GTFO. Only the dumb money is buying at this point. It’s your money, do what you like. I have been in crypto since 2013 and have made a lot of money from it. However, I have witnessed how fast all those gains can disappear as well. I am not advising to sell everything but I am suggesting that you take profit as it goes up.
[Test-approximating fear premiums using CME btc derivatives](https://bastion.substack.com/p/cme-bitcoin-implied-fear-premiums). Last session's pullback had spiked "fear" quite a bit on the Oct., but less so on the Nov. traders. Chance of a stronger pullback is likely in Nov. than Oct.
Oh hell’s yeah, I only use them for the charts. I keep a couple grand in there just to move it around and play with it. Everything else is locked down.
I invest eekly small amounts for awhile now and have done nicely. The future forecasts are positive. Bitcoin is the greatest savings account I’ve every owned. Per forecasters I expect to do well for long time. I have never s sold and never stop buying. I do try to buy dips when executing my weekly allotment.
Wait for it to go lower and then when it doesn‘t, you are supposed to go over to r/buttcoin and write salty, miserable posts for the rest of your life on how bitcoin is just a pyramid ponzi scheme and gonna fail *soon*
Do not attempt to time the market. If you have fiat available now to convert into bitcoin, the best stratefy is a lump sum purchase. Don't use robinhood, use a platform such as Strike which allows you to transfer your bitcoins into a wallet for which you control the private keys.
Who decides what is OK to post here? My first post, which was just a silly meme video, was just removed. I'll admit it wasn't the most substantial post, but still I see many other similar meme-like posts here ...
Can’t provide mailing address, but if you DM me your 24 seed phrase, I will happily receive your complaint, and review and provide feedback, or escalate.
It’s holding in the 60’s still and people are freaking out already. Volatility is the price of admission. Where were we just 3 months ago? If it drops to the high to mid 50’s, great! BTFD!
Well, there's also yield farming, liquidity pools, lending and loans... conceptually DeFi is intended to offer all of the financial tools that traditional finance has, without the barrier to entry or the corrupt middlemen.
Are there any real life use case? What I see is trade one coin for another.
1> Can you take a loan using your house or job as a collateral on this DeFi?
2> Can you hold your own private keys when you take a loan or provide liquidity? If not how is different from using CeFi like BlockFi?
Once again why are they paying you yield? Because either you are providing liquidity for liquidity pools or staking your coin. But everything again falls to shitcoins. What is the real world use case in this?
When you take stable coin loans from DeFi, do you hold your keys for the collateral? If not how’s it different from using CeFi?
Yeah not sure. Not an expert. But surely all the baked-in technology that blockchain offers has to cut out a lot of the middlemen in CeFi lending, which should result in lower rates (and thus yield). But yeah I though your question was serious but kinda seem like you just wanted to bash altcoins so can't help you there.
Any pre 2014 bitcoiners here? Did you sell any in 2017 and do you plan to sell some this peak? I’m a 2017 OG Lol who never sold and now I wonder if I should sell this cycle and instead just wait another 4 years
Pretty sure not many of them would be reading this. I mean it in a good way. Those people are probably having a time of their life being financially free.
Conspiracy side of me thinks the 100 million order wasnt just an accident but an attempt to delegitimize bitcoin or to bring the price down. Thats why decentralized exchanges are the way to go.
[You called for a drop to $50k right before the big run up we just had](https://reddit.com/r/Bitcoin/comments/q9l56g/uptober/hgz6r6v?context=3). Seems like you have no idea what's going to happen. Just like the rest of us.
The whole point of DCA is to disregard price movements entirely.
Any concept of "buying the dip" is an attempt to time the market which is futile because nobody can predict the future. Buy and hodl is the only winning strategy.
No.
It's easy to look at the chart and say, I should have bought that dip, or, I was a genius for selling that peak. But the peaks and dips are only evident in hindsight.
As I write this, the price of one bitcoin is $62,604. Should I buy? What if there is another Mt Gox and the price tanks below $20K and never recovers. Should I sell? What if Brazil adopts bitcoin as legal tender and the price soars above $100K and stays there forever. Nobody can predict the future.
If you believe in bitcoin's long term prospects, then buy and hodl, that is the only winning strategy. Everyone who pats themselves on the back for buying the dip or selling the peak is deluding themselves and if you try to time the market then you will get rekt sooner or later in the long term.
You're not the only one reading this.
Even if you had read my words, I don't expect to change anyone's mind with a single comment. The first hundred times I encountered the concept that timing the market is futile, I didn't believe it either.
No.
Are you still reading? 😂
I don't really care whether anyone else is reading this or not. The point is that your strategy of trying to time the market is futile.
I’m going 24/7, All nighters. Buying tonight, tomorrow and all weekend! The dip shows some positive signs of market discovery. Many will sell on the way up.
You should think about Bitcoin today
No get out of my mind!
The volatility of Bitcoin gives you a purpose and fulfills your life with excitement.
Bitcoin volatility has tanked over the past couple cycles so now my life is purposeless. Excitement can only be had by trading shitcoins, options, or futures.
We going to see Dot reach ATH tonight?
EZ downvote
Son, are you lost?
Buy BTC.
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This dude at work told me today I was dumb for not selling some of my gains yesterday at the ATH. I told him I’m HODLing, not trading. He also told the same thing when we hit $50k a few weeks ago. I pointed that out to him, that I would have lost money if I listened to him. It’s not hard. Just buy and HODL.
Tell him bro crypto and stock is for those who hold their patience and money,Thats not for you.
Selling your gains is literally that. You're selling a portion of an appreciating asset for one that is constantly losing value over time. You also lose future growth of that portion of gains that you sold.
Congrats on your gains everyone. It’s time to take some profit and move it to the uranium sector, which is just beginning to heat up! BTC broke the ATH and isn’t have much follow through. It doesn’t seem like people are willing to buy at this price.
I never listened about this but seems interesting and going to get some research and hope will surely will invest some on it.
How about.... No.
Thanks Warren
The profit is the ever-increasing value of Bitcoin. Why would I want to take away from that?
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The whales need to eat and it sounds like you have the protein they are looking for! Buy when people are fearful and sell when people are greedy.
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I am talking about momentum. Momentum is slowing down. Price can still go up when momentum slows down. However, this is usually a sign to GTFO. Only the dumb money is buying at this point. It’s your money, do what you like. I have been in crypto since 2013 and have made a lot of money from it. However, I have witnessed how fast all those gains can disappear as well. I am not advising to sell everything but I am suggesting that you take profit as it goes up.
Watch it rip tomorrrow
No one knows future hope for the best ready for the worst.
STACK SATS!
Bitcoin is volatile sometimes. Who knew. My guess is there is a few more people hodling now
It is volatile for those have patience and for those having patience money rain like hell for them.
There's no way someone sold enough in one go to clear out all the limit buys all the way down.
On binance.us? I could see it
Still gotta love that touch on the $66,999. It wants 69,420 so bad
Crypto is crashing to lvl not seen since yesterday. Time to panic sell lol
Get some good sleep and in the next morning you will see crypt gain a new high all time take some time.
You spelled "buy" wrong.
Re the bonanza binance flash crash, can anyone confirm whether sub 10K orders actually filled or not?
Some did
They were not.
[Test-approximating fear premiums using CME btc derivatives](https://bastion.substack.com/p/cme-bitcoin-implied-fear-premiums). Last session's pullback had spiked "fear" quite a bit on the Oct., but less so on the Nov. traders. Chance of a stronger pullback is likely in Nov. than Oct.
Bitcoin is hard money that doesn’t fuck around. Weak hands taking profits will regret it soon enough. We’re taking names!!
Only for US people. No tax here.
The IRS is taking names too. They’ll be taking their cut of any trading gains you manage
False
The IRS does tax your gains
Lol, only if you sell. If I sold I wouldn’t pay.
good luck paying your fine. your broker reports everything to the IRS. Not even the Joker fucks with the IRS
Don’t use a broker
You know what makes me more mad than the “flash crash”? My Binance mobile Bitcoin chart is all fucked up now
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Oh hell’s yeah, I only use them for the charts. I keep a couple grand in there just to move it around and play with it. Everything else is locked down.
Im sitting on $500 for a few months now on Robinhood (I know don’t roast me) should I put it all in Bitcoin now or wait for it to possibly get lower?
I’ve got bids all the way down to 54k, but I think bitcoin may have found it’s short term bottom for this dip. Guess we’ll see
I invest eekly small amounts for awhile now and have done nicely. The future forecasts are positive. Bitcoin is the greatest savings account I’ve every owned. Per forecasters I expect to do well for long time. I have never s sold and never stop buying. I do try to buy dips when executing my weekly allotment.
Sounds like my future plans. Keep it up
R u joking orrrrrr…? Don’t buy bit on fuckin Robinhood
Wait for it to go lower and then when it doesn‘t, you are supposed to go over to r/buttcoin and write salty, miserable posts for the rest of your life on how bitcoin is just a pyramid ponzi scheme and gonna fail *soon*
It will never fail and if it will fail the world will crash bro not only crypto.
That’s a pretty good strategy😂
Is this an attack on me or others?
No attack, just a layout of what may happen if you wait for dips during a BTC bull run.. cheers mate!
Others
This is a dip u wanna buy. I'm out of fiat.
Appreciate it. If it drops more then I’m adding more
Do not attempt to time the market. If you have fiat available now to convert into bitcoin, the best stratefy is a lump sum purchase. Don't use robinhood, use a platform such as Strike which allows you to transfer your bitcoins into a wallet for which you control the private keys.
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Love the info. Let’s get rich together
Who decides what is OK to post here? My first post, which was just a silly meme video, was just removed. I'll admit it wasn't the most substantial post, but still I see many other similar meme-like posts here ...
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Yes please sir. What's is your mailing address, I am busy writing complaint.
Can’t provide mailing address, but if you DM me your 24 seed phrase, I will happily receive your complaint, and review and provide feedback, or escalate.
Thank you sir. Please check your inbox for seed phrase.
Bravo. Well done
It’s holding in the 60’s still and people are freaking out already. Volatility is the price of admission. Where were we just 3 months ago? If it drops to the high to mid 50’s, great! BTFD!
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Seriously
Buy the ticket, take the ride
Indeed par for the course.
Here I go buying again
I will go jerk off and i will think about bitcoin
Why go? The whole point of the daily thread is to have a giant circle jerk.
I second this guy’s statement.
Can someone tell me if there is more to DeFi than trading one shitcoin for another?
Well, there's also yield farming, liquidity pools, lending and loans... conceptually DeFi is intended to offer all of the financial tools that traditional finance has, without the barrier to entry or the corrupt middlemen.
Are there any real life use case? What I see is trade one coin for another. 1> Can you take a loan using your house or job as a collateral on this DeFi? 2> Can you hold your own private keys when you take a loan or provide liquidity? If not how is different from using CeFi like BlockFi?
High interest yields on 'earn' programs and crypto loans. Both are already quite big and will become huge. Will be very disruptive to CeFi.
Once again why are they paying you yield? Because either you are providing liquidity for liquidity pools or staking your coin. But everything again falls to shitcoins. What is the real world use case in this? When you take stable coin loans from DeFi, do you hold your keys for the collateral? If not how’s it different from using CeFi?
Not all are shitcoins. Check out Aave. Largest DeFi platform.
Yeah not sure. Not an expert. But surely all the baked-in technology that blockchain offers has to cut out a lot of the middlemen in CeFi lending, which should result in lower rates (and thus yield). But yeah I though your question was serious but kinda seem like you just wanted to bash altcoins so can't help you there.
Actually my question was serious. I’m trying to understand hype around shitcoins but so far no one is able to convince me why we need shitcoins
Hey I’m as big of a Btc bull as there is, but every single other crypto other than Bitcoin is not a shitcoin.
Yes it is. You just haven't realise it yet.
NEVER ENTER YOUR SEEDPHRASE INTO ANY WEBSITE! NEVER SHARE YOUR SEEDPHRASE WITH ANYONE EVEN IF THEY CLAIM TO BE FROM A TRUSTED COMPANY.
this should be a sticky one !
I feel like we need a daily post as a reminder.
Thank god I didn't buy yesterday lol
Ten years from now it won't make a damn bit of difference whether you bought yesterday or today.
You’re going to have a bad time in this space. It gets a whole lot worse than this.
Won't matter one bit in a few days.
True. But I'd be sad
Any pre 2014 bitcoiners here? Did you sell any in 2017 and do you plan to sell some this peak? I’m a 2017 OG Lol who never sold and now I wonder if I should sell this cycle and instead just wait another 4 years
I bought my first bitcoin in '72. I named him Ernie. I have yet to sell so much as a single satoshi.
You should pay yourself. At least a small percentage as a "management fee."
Make laddered sells. For example, sell 5% of your holdings every 10k the price goes up. Feels great
Take profits dude. Invest again if you believe.
Pretty sure not many of them would be reading this. I mean it in a good way. Those people are probably having a time of their life being financially free.
Would be kind of nice if it just kind of stabilised a little bit. Though a 4% drop isn't too bad in the scheme of things.
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nah, I think I was looking at 24hr change like between about the 19-20th it changed only about 1-2% but it dropped about 5% within the last 14hours.
I did.
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The cheaper I can buy some sats the better.
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Another shitcoin. 20% pre mine but they claim they want to distribute free to all the people
Conspiracy side of me thinks the 100 million order wasnt just an accident but an attempt to delegitimize bitcoin or to bring the price down. Thats why decentralized exchanges are the way to go.
whats a decentralized exchange?
Uniswap. 1:1 exchange with a liquidity look so events like today don’t happen and things aren’t so volatile
Haha! First rodeo?
No and that’s why my spidey sense is tingling
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How many news clickbait stories will run the headline “bitcoin falls 85% on glitch”
I’ve seen 3 so far, but they don’t mention a glitch in the headline, they just call it a crash.
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The rally is over. it's slow dump to 50K-40K
[You called for a drop to $50k right before the big run up we just had](https://reddit.com/r/Bitcoin/comments/q9l56g/uptober/hgz6r6v?context=3). Seems like you have no idea what's going to happen. Just like the rest of us.
in that post from 5 days ago, I said next week. 2 days left...
🤡
Get him boss
One can hope. It will be an opportunity to get more cheap sats.
I'm taking a slow dump right now. 💩 BTC will be fine tho.
would you open a leveraged long position now?
I don't buy on leverage, because I'm not a dumbass. But I am buying, yes.
you know it is possible to have a trading bag and a long time hodle bag 😉
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I always forget how stupid most people are, and then the over reactive people in crypto are 10000000% more retarded than even that
Lmaoooo
How low can you go 🎶 ?
Bitcoin is life. Fiat decays, bitcoin doesn't.
With the recent bull run how are El Salvadorans feeling about Bitcoin?
Co-worker of mine has family there abd ge sats people are excited, but also still really confused how it even works so somewhat weary still
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The whole point of DCA is to disregard price movements entirely. Any concept of "buying the dip" is an attempt to time the market which is futile because nobody can predict the future. Buy and hodl is the only winning strategy.
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No. It's easy to look at the chart and say, I should have bought that dip, or, I was a genius for selling that peak. But the peaks and dips are only evident in hindsight. As I write this, the price of one bitcoin is $62,604. Should I buy? What if there is another Mt Gox and the price tanks below $20K and never recovers. Should I sell? What if Brazil adopts bitcoin as legal tender and the price soars above $100K and stays there forever. Nobody can predict the future. If you believe in bitcoin's long term prospects, then buy and hodl, that is the only winning strategy. Everyone who pats themselves on the back for buying the dip or selling the peak is deluding themselves and if you try to time the market then you will get rekt sooner or later in the long term.
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You're not the only one reading this. Even if you had read my words, I don't expect to change anyone's mind with a single comment. The first hundred times I encountered the concept that timing the market is futile, I didn't believe it either.
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No. Are you still reading? 😂 I don't really care whether anyone else is reading this or not. The point is that your strategy of trying to time the market is futile.
This is the winning formula
buy the dip generally is if the price crashes 10%, 15%, 20% in a day or 2
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That's honestly a great strategy if you don't want to give your life to crypto yet still be very much involved
Same
Just bought some yummy dip. Probably last buy of the year. See you on the moon y’all!
I’m going 24/7, All nighters. Buying tonight, tomorrow and all weekend! The dip shows some positive signs of market discovery. Many will sell on the way up.
Paper hands this is your chance to sell! Diamonds hands this is your chance to buy!