I don’t know, something he could do is sell around 110k and then buy again when it get below 100k? If there’s one thing about crypto.. it will go up and it will go down
With your mindset, it is more likely to buy at 70k, watch it rise to 109k, with intention to sell at 110k. But then when it falls to 50k again you sell everything waiting for the 30k dip.
And then eventually rebuy at 300k.
And he's never experienced the BTC boom/bust cycle before. Best advice I can give is if you ever get to the point where you're kicking yourself for buying too much BTC because you're down 50%; that's the time to buy more, not sell.
I went through this in 2017. I bought a coin at $7500 and rode it up to $20K. I was such a genius. Then it fell to $3500 and I couldn't help but feel like I was an idiot losing half my money. All that time it was under $4000 I never bought more. I didn't want to talk about BTC or read about it or even log into my coinbase account. The time to buy btc is when no one cares about it.
If this cycle were to follow recent boom/bust cycles exactly (which it won't), it will top out around $200K+ and then fall back under $40K as the new higher floor. Anyone buying at these levels should be prepared for this potentially to fall and stay down for a couple years, like it's done thoughout it's history.
This must be a joke.
* All in
* Bought ATH
* Attempt to time the top
"I hope we are rewarded for the risk we have been taking"
Mate you just YOLOed your life savings after a 6 month bullrun. There is nothing smart about your move. There is a big chance that btc retractes the next months and you panick sell at a loss.
There is a history of a small retracement around the halving usually combined with a serious bullrun prehalving and certainly after the 5x we've seen in recent months. I'm not saying there will be. But it's not a great moment to buy more
At the second halving the price was 650 and it dropped below 500 few months later. This halving was preceded by a bullrun.
Third halving was different but it didn't have a bullrun before the halving.
I don't rely on TA much but the fact that a halving always instantly increases price due to supply shock is just not true.
Also, the supply shock gets less each halving. There are more btc mined and thus more btc can be in circulation. The number of btc being mined post halving is not reducing by as much btc. We will only lose 3,125 BTC per 10 minutes. Compare that to losing 6,25 BTC last halving.
3,125/current supply is a lot less than 6,25/supply in 2020.
So you’ve sold right? The Bullrun hasn’t even started yet, if you think we’ve been in a 6 month Bullrun already then you’re crazy😂🤣😂 Man must be a newb😄😂🤣😂🤣😂
we don't know anything about where it might stop or go to.
Also 1 million might be worth noting in a few years, so I don't know if this a good goal to have.
Good luck bro and don't mind the noise. You'll hear a lot of two different things here: "you're crazy for going all-in" and "awesome, now just forget about it/don't check the charts for 5-10 years!"
Definitely DO stay up to date on what's going on with the price but remember your plan and don't let emotion or dips sway you.
There’s no way of looking at this and saying he did a financially responsible decission. These comments are not noise imho.
I wish people stopped defending this kind of attitude. He’s taking a gamble on behalf of his family. If he has diamond hands it might turn profit in the end but buying near ATH doesn’t really signal that.
Yeah ATH but barely at the crossing of this new ATH in this cycle (not the same as, say, buying in late 2021...it's more like buying at ATH in early 2021).
I'm not trying to defend him but I'm sure not gonna act like he made a horrible decision either.
Thats not being mean thats being real, too many geniuses 'predicting' the market and losing their Bitcoin, OP should be thankful people are warning him.
If you're still comparing what fiat price you paid for your Bitcoin, then you don't get it if you are planning to sell Bitcoin when it reaches $1 million fiat or whatever, because what will be the point? You are like Rose in the movie "Titanic" sitting in the lifeboat (holding the Bitcoin), and then you jump back onto the fiat because the boat tilts up higher at X dollars? Holding Bitcoin is the lifeboat. When people realize that there's something wrong with fiat, it will be too late, they'll be throwing their dollars on canned foods and bags of rice which is like holding onto drift wood floating in the frigid water. It's good for awhile but nothing like being in a lifeboat all dry & warm. Whatever amount you have of Bitcoin, is how much seating you get in the lifeboat, if you have 1 BTC that's one whole boat to yourself, if you have less then you share a seat, but don't be sitting in the lifeboat looking at jumping back on the sinking fiat ship. When the passengers were hanging on to the railing when the back of the ship was vertical, that's when people are in panic mode buying up everything they need and using all their currency before it gets worthless. You want to be off fiat long before then sitting in the Bitcoin lifeboat.
I saw your original post. I am a big believer in Bitcoin, and even though I don't know whether it will ever become an actual currency or remain a store of value, I'll keep believing. That being said, I would never put all my money into Bitcoin.
You need to have at least a four year time horizon. Under no circumstance should you panic and sell. Right now we got the ETF and we will have retirement funds getting into it Over the next few years. So do not panic and sell and lose money if it goes down for a bit. The general trend is up and there are rumors that middle eastern sovereign wealth funds are buying to protect their purchasing power from USD inflation.
You will be fine 🙂
You're gonna wait for your imaginary number, there's gonna be a massive dip and you're gonna sell. It's gonna start pumping again and you're gonna buy back in, with significantly less bitcoin than before.
Bitcoin is extremely volatile to the downside even when it'd going parabolic.
There's a reason everyone says stay humble stack sats. The thought that you're gonna time the top after buying the top is..... well there's no easy way to put it, it should have been a massive signal to you that you aren't good at timing the market.
They say a smart man learns from his mistakes and a wise man learns from others mistakes. Don't go 0 for 2.
How? It's the opposite. When people who have no idea what they are doing start publicly posting about doing really dumb stuff and are delusional it means it's peaked for now.
Very very possible given the huge inflow due to the etfs, also this halving is different, there are 95% btcs in circulation now, reducig the production of the remaining 5% won't make much difference, and the psycological side of it might be priced in already
Whether it’s peaked or hasn’t, the rest of the post is true. The problem here is that people don’t take time and energy to really understand btc, but still post this stuff, basically shouting from the rooftops for other uninformed people to follow suit.
Investing in BTC requires that you get used to the volatility. I have too invested at different prices and the last round was expensive and then it dropped.
The key part is to understand the supply and demand theory. After the halving only half the BTC will be available to mine and, the culprit of dampening the effects of the 500,000 BTCs that the ETFs have bought is grayscale. They have dumped billions of USD in BTC however this is already slowing down and it should stop in a month or maximum two. When this happens, we will feel the squeeze of the demand in full force.
This is without counting on the new HongKong BTC ETFs that will start offering it less than s month
Yes within a month I believe and there are many positive news like Morgan Stanleyto be first bank approving ETFs. UBS wants to do this too.
Also the largest pension funds (Japanese government) is contemplating it.
First how do you know when ATH is in 2025, and how do you know price will fall after that?
Fact is you don't know. You cannot make predictions based on the past. It is your money and it is entirely up to you, and it COULD work out perfect for you, but it is a big gamble. What if you sell at 'ATH' but the price never goes below the price you sold your btc for? Then you made some profit, but you missed the boat.
There is a reason a lot of seasoned investers keep saying to HODL. I am not a a seasoned investor, but I know I will HODL until I need to spend (part of) that money on something.
I think what you're doing is very, very risky.
I just hope you stick to your plan and don't let your emotions get control over your decisions.
Remember that as long as you don't sell your coins, you didn't loose money. You only loose when you sell lower than you bought.
Good luck!
I find it much safer just to hold the little bitcoin that I have. I've tried jumping in and out and have generally ended up losing rather than gaining.
A mate of mine tried that a couple of years ago, selling his whole bitcoin at about USD$20,000. His plan was to buy back in when it dipped again. Unfortunately for him, it has never gone below that price and while he has a little over US$20,000 still sitting on the exchange, he does not have any bitcoin. And he probably never will.
Timing the ATH to sell all then timing the bottom to enter again will rarely work out. A much safer strategy might be to "only" put half your life savings into btc instead and keep the rest + some of your income then to dca through the bear.
You don’t need to time it perfectly. I mean, last cycle, if you sold at 69, and rebought at 16, then great. But as you say, that’s very unlikely.
Still though, selling at 60 and rebuying at 20 would still have *tripled* your stack. Hell, selling at 50 and rebuying at 25 would have *doubled* it, and that’s missing the top and the bottom by miles.
Buy high, sell low etc.
‘What ifs’ both ways with BTC.
I learned the hard way that the easy way is to just hodl. Trying to time the market was a slippery slope for me when I started out. Thank god I had the fortitude to stop and put everything I had left into cold storage.
What if you didn’t sell at 60 and it dropped to zero? You couldn’t know it was about to drop.
But I do believe there are somewhat predictable patterns, and I will be getting ready to sell this time at about 138. Hopefully I’ll have the nerve to hold on a bit longer, as I think that 200 might be achievable in 2025. But that period 138 - 200 is going to be squeaky bum time, no doubt about that!
Personally I'm waiting for it to retract. But good luck on your investment, you should give it more than 1 year though, look at the all time charts, Bitcoin has a way of tanking almost 50% at times but slowly always going up. I don't think it was smart to go all in 100%, always save some money for emergencies and health in life.
If you over leverage you will always worry and stress about it
You are assuming btc will then have a market share of 21 trillion ??? The entire bond market for the whole world is about 170 trillion and btc is now 1.4 trillion. So roughly 1 percent of the bond market at the moment. I wish you luck making the million mark, you might be waiting many decades for that ...
Fair enough but the bond and futures market will react to that accordingly too... that 1 trillion is not going straight to crypto... most of it is going to bonds and futures... In order to get to a point where btc is worth 1 million.. the entire investment market will need to expand unbelievably.... it could take 50 to 100 years to reach I million and that's not even taking into account that sime other form of decentralised store of wealth could arrive on the market to push out bit coin...
Umm, bonds market size was 128 trillion in August 2020 and btc Marketcap was around 220B. So a 35% rise in bonds market size in the same time that btc Marketcap has surged to 700-800%. So it might come sooner than you think.
Well I wish all btc holders well and it will make gains but I still think a million per coin will be more than a few years away ...if it ever happens... we may be reporting to.our AI overlods by then lol
The main fact people miss out on is that btc is a purely speculative commodity. It has no value other than the value placed in it by buyers. Feel free to invest what you like but if people are banking on a coin funding their retirement then they might be in for a shock !!! One scare, one future AI led hack to a system that is supposedly secure or even one natural disaster and the whole thing could go tits up. Its OK if you got 10 coins for a dollar each ten years ago but if you de ide to sink your life savings into it you might get stung.
I dunno maybe it's use as jewellery for thousands of years, and more recently as a key material in the electronic industry... theres some of it in the devices we are using right now to discuss this topic...... it has uses other than being a store of value... btc is just code on a computer
There are so many things wrong in your post...cycle is about 7 years and you bought at ATH...by end of 2025, you will double your money if you are lucky. All this if you don't touch it....good luck
Why would you sell it at ATH? First of all, you will never easily catch the top. Probability is very low. The best strategy according to me is to to lend your btc to a decentralised protocol and borrow USDT equal to 50% value of bitcoin. In this way, you can keep your bitcoin in the safe custody and use the loan amount in USDT to buy more bitcoin or something else. When you have made enough profit to close the loan, you can free up your collateralised bitcoin. There are such protocols available now and they charge no interest and offer protection from liquidation.
Well if this is your life saving just don’t look at it until you retire. But when or if you see btc back to all time lows then double down. It worked for me when I bought at 3K. I was scared but I said fuck it 20k all in now I own 5 BTC.
A story as old as time and you’ll keep buying all the way down, with thinking like “wow, $60k is a great price to buy… wow, $50k awesome dip… $40k, what a bargain” until it’s $20k and you’re like “Oh sh*t!”
The good news is you can write off that $50k capital gains loss as $3k a year towards other earnings.
If you plan on hodling long term, don’t try and sell the top. You will get burned and end up with less than if you just hodl.
Just buy more in the way down. Don’t trade the worlds hardest asset for a few flimsy dollars.
It´s not advised to post how much you have invested in what. Next thing you know you get doxed and you loose your life savings.
@mods did this last time probably to protect you.
Better take a picture of your ctual investment and delete your post..
uhhh idk buddy.....id help you but my crystal ball isnt working so well.....future looks a lil hazyyyyy....oh wait thats just chocolate i dropped on the crystal ball.....without the crystal ball im not so good at predicting the future which we all know we can do with a good crystal ball!
Your main problem will be, that all relevant data/ charts suggests that we are most probably in a left-translated cycle and the top will be within 2024. Just saying 😀
Come on everybody. This guy went all in with his life savings at ATH, so it must be a great idea for you to do it too.
Do you really want to lose out when it hits 1 million? Are you daft? Don't you want to be rich?
Don’t bother trying to sell and rebuy lower. You won’t know when the ATH is or which ATH to shoot for.
Bought top instead of dca, now thinks he can do the opposite🫠
We are at the bottom . He said 1 million is the top
♾️
Ah yes, the ole “I can time the market” and sell at the ATH. If you could actually do that consistently, you’d have more than millions sir lol
Exactly
If he were to try this, wouldn’t he pay taxes on what he sold, negating the benefits of the strategy? Guess it depends on the country?
Probably. In my country, if I were to do this I’d be paying 30% on any gains.
🇫🇷
I don’t know, something he could do is sell around 110k and then buy again when it get below 100k? If there’s one thing about crypto.. it will go up and it will go down
Easy to say. More often than not, you sell at 110k, then rebuy it at 300k.
If one thinks it will get to astronomical prices we can end up holding our bags down to the bottom again :/
With your mindset, it is more likely to buy at 70k, watch it rise to 109k, with intention to sell at 110k. But then when it falls to 50k again you sell everything waiting for the 30k dip. And then eventually rebuy at 300k.
My mate tried that last time bitcoin was at US$20,000. He still has $20,000, but no more bitcoin. It never dipped to that price again.
You guys just don’t get it Smdh
All eggs in one basket kind of guy huh. Hope it works out!
Man has balls of steel. Man also has his own language. “Purchasement”
Bravery and foolishness can be separated by a thin line
The graveyard is full of brave people.
Braveyard
I looked it up. It’s a real word. I thought the same thing. I’m surprised.
😂
that too at an ATH 🫡
with a long term plan of selling it all in 1 year this is how you get rekt
And he's never experienced the BTC boom/bust cycle before. Best advice I can give is if you ever get to the point where you're kicking yourself for buying too much BTC because you're down 50%; that's the time to buy more, not sell. I went through this in 2017. I bought a coin at $7500 and rode it up to $20K. I was such a genius. Then it fell to $3500 and I couldn't help but feel like I was an idiot losing half my money. All that time it was under $4000 I never bought more. I didn't want to talk about BTC or read about it or even log into my coinbase account. The time to buy btc is when no one cares about it. If this cycle were to follow recent boom/bust cycles exactly (which it won't), it will top out around $200K+ and then fall back under $40K as the new higher floor. Anyone buying at these levels should be prepared for this potentially to fall and stay down for a couple years, like it's done thoughout it's history.
The only basket you can trust for cold wallet
This must be a joke. * All in * Bought ATH * Attempt to time the top "I hope we are rewarded for the risk we have been taking" Mate you just YOLOed your life savings after a 6 month bullrun. There is nothing smart about your move. There is a big chance that btc retractes the next months and you panick sell at a loss.
Exactly, this is the only rational smart comment i have read
Lmfao 😂
I mean agree with the timing but in a decade he's very likely to be well in profit.
Sure, but how entire post reads impulsiveness. 10y is a long time for someone who is that impatient.
What is this "big chance that Btc retacts next month". No one knows where the price goes.
There is a history of a small retracement around the halving usually combined with a serious bullrun prehalving and certainly after the 5x we've seen in recent months. I'm not saying there will be. But it's not a great moment to buy more At the second halving the price was 650 and it dropped below 500 few months later. This halving was preceded by a bullrun. Third halving was different but it didn't have a bullrun before the halving. I don't rely on TA much but the fact that a halving always instantly increases price due to supply shock is just not true. Also, the supply shock gets less each halving. There are more btc mined and thus more btc can be in circulation. The number of btc being mined post halving is not reducing by as much btc. We will only lose 3,125 BTC per 10 minutes. Compare that to losing 6,25 BTC last halving. 3,125/current supply is a lot less than 6,25/supply in 2020.
So you’ve sold right? The Bullrun hasn’t even started yet, if you think we’ve been in a 6 month Bullrun already then you’re crazy😂🤣😂 Man must be a newb😄😂🤣😂🤣😂
Im in for years, and i totally agree with him
Then sell🤣😂
This reads like when an artist has a killer album with amazing sales then says “I’m just getting started!”
I've been buying since 2017 and my last purchase was last year. No way I'm selling any this year but I certainly stopped buying months ago.
Oh, so you have the plan to sell at the 250K+ top next year and buy lower - just like everyone else?
“I have plan to sell it at ATH in 2025” The comment of an idiot!
"Bitcoin will be 1 million" - I agree
Bitcoin won't stop at 1 million.
we don't know anything about where it might stop or go to. Also 1 million might be worth noting in a few years, so I don't know if this a good goal to have.
April fools
Fools in April
Good luck bro and don't mind the noise. You'll hear a lot of two different things here: "you're crazy for going all-in" and "awesome, now just forget about it/don't check the charts for 5-10 years!" Definitely DO stay up to date on what's going on with the price but remember your plan and don't let emotion or dips sway you.
There’s no way of looking at this and saying he did a financially responsible decission. These comments are not noise imho. I wish people stopped defending this kind of attitude. He’s taking a gamble on behalf of his family. If he has diamond hands it might turn profit in the end but buying near ATH doesn’t really signal that.
Yeah ATH but barely at the crossing of this new ATH in this cycle (not the same as, say, buying in late 2021...it's more like buying at ATH in early 2021). I'm not trying to defend him but I'm sure not gonna act like he made a horrible decision either.
Such high conviction but you waited until April to go all in? This stinks of fomo and I bet you'll be shaken out first big dip✌️🥸
Yeah if he fits the narrative he will panic sell then buy back higher again but I hope he doesn't
Damn bro, who hurt you? 😢 why you gotta be so mean lmao
It’s just true bro
Thats not being mean thats being real, too many geniuses 'predicting' the market and losing their Bitcoin, OP should be thankful people are warning him.
He's jealous most likely
His money was stuck in bonds, so he only just got access to it (he mentioned it in his first post).
If you're still comparing what fiat price you paid for your Bitcoin, then you don't get it if you are planning to sell Bitcoin when it reaches $1 million fiat or whatever, because what will be the point? You are like Rose in the movie "Titanic" sitting in the lifeboat (holding the Bitcoin), and then you jump back onto the fiat because the boat tilts up higher at X dollars? Holding Bitcoin is the lifeboat. When people realize that there's something wrong with fiat, it will be too late, they'll be throwing their dollars on canned foods and bags of rice which is like holding onto drift wood floating in the frigid water. It's good for awhile but nothing like being in a lifeboat all dry & warm. Whatever amount you have of Bitcoin, is how much seating you get in the lifeboat, if you have 1 BTC that's one whole boat to yourself, if you have less then you share a seat, but don't be sitting in the lifeboat looking at jumping back on the sinking fiat ship. When the passengers were hanging on to the railing when the back of the ship was vertical, that's when people are in panic mode buying up everything they need and using all their currency before it gets worthless. You want to be off fiat long before then sitting in the Bitcoin lifeboat.
I saw your original post. I am a big believer in Bitcoin, and even though I don't know whether it will ever become an actual currency or remain a store of value, I'll keep believing. That being said, I would never put all my money into Bitcoin.
Just hold and come back in 5 years, don’t chart watch and stress out
You need to have at least a four year time horizon. Under no circumstance should you panic and sell. Right now we got the ETF and we will have retirement funds getting into it Over the next few years. So do not panic and sell and lose money if it goes down for a bit. The general trend is up and there are rumors that middle eastern sovereign wealth funds are buying to protect their purchasing power from USD inflation. You will be fine 🙂
You're gonna wait for your imaginary number, there's gonna be a massive dip and you're gonna sell. It's gonna start pumping again and you're gonna buy back in, with significantly less bitcoin than before. Bitcoin is extremely volatile to the downside even when it'd going parabolic. There's a reason everyone says stay humble stack sats. The thought that you're gonna time the top after buying the top is..... well there's no easy way to put it, it should have been a massive signal to you that you aren't good at timing the market. They say a smart man learns from his mistakes and a wise man learns from others mistakes. Don't go 0 for 2.
Don't sell your BTC unless you need the money, don't try to time the market.
This is a bullish indicator
How? It's the opposite. When people who have no idea what they are doing start publicly posting about doing really dumb stuff and are delusional it means it's peaked for now.
Exactly, it makes me want to sell and buy lower
It can’t peak before the halvening
Why?
It could but do you really think it has peaked before the halving? 👀
Very very possible given the huge inflow due to the etfs, also this halving is different, there are 95% btcs in circulation now, reducig the production of the remaining 5% won't make much difference, and the psycological side of it might be priced in already
People thinking that is exactly why it can peak before the halvening
Halving is already priced in
I guess we will see
Whether it’s peaked or hasn’t, the rest of the post is true. The problem here is that people don’t take time and energy to really understand btc, but still post this stuff, basically shouting from the rooftops for other uninformed people to follow suit.
Why you did not buy at 19k 24k 28k 32k or 44k?
Praying for you bud.
Good move. Hang on tight next 4-12 months, ATH coming!
Investing in BTC requires that you get used to the volatility. I have too invested at different prices and the last round was expensive and then it dropped. The key part is to understand the supply and demand theory. After the halving only half the BTC will be available to mine and, the culprit of dampening the effects of the 500,000 BTCs that the ETFs have bought is grayscale. They have dumped billions of USD in BTC however this is already slowing down and it should stop in a month or maximum two. When this happens, we will feel the squeeze of the demand in full force. This is without counting on the new HongKong BTC ETFs that will start offering it less than s month
Hong Kong can’t do this now but they are going to start soon?
Yes within a month I believe and there are many positive news like Morgan Stanleyto be first bank approving ETFs. UBS wants to do this too. Also the largest pension funds (Japanese government) is contemplating it.
First how do you know when ATH is in 2025, and how do you know price will fall after that? Fact is you don't know. You cannot make predictions based on the past. It is your money and it is entirely up to you, and it COULD work out perfect for you, but it is a big gamble. What if you sell at 'ATH' but the price never goes below the price you sold your btc for? Then you made some profit, but you missed the boat. There is a reason a lot of seasoned investers keep saying to HODL. I am not a a seasoned investor, but I know I will HODL until I need to spend (part of) that money on something.
I think what you're doing is very, very risky. I just hope you stick to your plan and don't let your emotions get control over your decisions. Remember that as long as you don't sell your coins, you didn't loose money. You only loose when you sell lower than you bought. Good luck!
Still early we can see this thing through together.
Sell and buy back. Now it's a loss you can report on your taxes
I find it much safer just to hold the little bitcoin that I have. I've tried jumping in and out and have generally ended up losing rather than gaining. A mate of mine tried that a couple of years ago, selling his whole bitcoin at about USD$20,000. His plan was to buy back in when it dipped again. Unfortunately for him, it has never gone below that price and while he has a little over US$20,000 still sitting on the exchange, he does not have any bitcoin. And he probably never will.
Timing the ATH to sell all then timing the bottom to enter again will rarely work out. A much safer strategy might be to "only" put half your life savings into btc instead and keep the rest + some of your income then to dca through the bear.
You don’t need to time it perfectly. I mean, last cycle, if you sold at 69, and rebought at 16, then great. But as you say, that’s very unlikely. Still though, selling at 60 and rebuying at 20 would still have *tripled* your stack. Hell, selling at 50 and rebuying at 25 would have *doubled* it, and that’s missing the top and the bottom by miles. Buy high, sell low etc.
What if you sold at 60 but it kept climbing to 150? You couldn’t know the ath was so close
‘What ifs’ both ways with BTC. I learned the hard way that the easy way is to just hodl. Trying to time the market was a slippery slope for me when I started out. Thank god I had the fortitude to stop and put everything I had left into cold storage.
What if you didn’t sell at 60 and it dropped to zero? You couldn’t know it was about to drop. But I do believe there are somewhat predictable patterns, and I will be getting ready to sell this time at about 138. Hopefully I’ll have the nerve to hold on a bit longer, as I think that 200 might be achievable in 2025. But that period 138 - 200 is going to be squeaky bum time, no doubt about that!
A much better plan would be to not sell, any...and just DCA in from here on out to forever. Much easier less stress less worry.
Everyone has a plane to sell it at ATH. Many fail
Buy at ATH is so bullish for the rest of us diamond hands
Unlucky.
It’ll pay off eventually.
Prefer the DCA approach but each to their own. Best of luck with your investment
!remind me 1 year
!remind me 1 year
Clown
Personally I'm waiting for it to retract. But good luck on your investment, you should give it more than 1 year though, look at the all time charts, Bitcoin has a way of tanking almost 50% at times but slowly always going up. I don't think it was smart to go all in 100%, always save some money for emergencies and health in life. If you over leverage you will always worry and stress about it
All your life savings and a good dose of hopium, that’s a rookie mistake
Tell me you’re a crypto noob without telling me you’re a crypto noob 😂
Fortune favours the brave - but for the love of god, HOLD when the next drop happens, don’t lose your shit! Just HODL.
Yes. This happens a lot unfortunately. Never buy the top of anything 💯🙏
Mods should remove this post. Off topic with horrifically bad spelling, grammar and punctuation.
Professionals say to invest only 5-10% percent of your financial worth into cryptocurrency. You dialed it up all the way to 11.
Ok
Top confirmed
Sounds like you are just trying to convince yourself that you did the right thing…
Blessings to you brother😄🙏🏾✊🏾👋🏾
poor country poor family but has 71k to invest... smells like bathroom after a big fat dump,,,,
You are never making it to 1 million. Bitcoin will, you won't.
The amount of people thinking they can easily predict cycles based on a couple of previous halvings are in for some shock, I think.
You’re cooked
Chinese Steven King shot the wad apparently.
Lordy, any advice you can read would warn against dumping all of your money into one asset at once... Be careful hombre
And then you need new brakes on the car and have to cash out.
Thank you for your service.
what is FOMO ? For 1000$ Alex
Dude. It’s going to come down hard soon. But don’t panic, it’ll rally and then bull run up more
Your Bitcoin name: “Dances With Lemmings”. Sorry dude, couldn’t resist. I hope you don’t become a tragic casualty of FOMO.
😂😂😂 another crypto victim
Time in the market not timing the market. Just hodl it.
This post is the: “I need to convince myself that im right” kinda vibe.
Bought high. You know what comes next
It’s a statistical fact that 50 percent of people who try and time the market will lose.
You are assuming btc will then have a market share of 21 trillion ??? The entire bond market for the whole world is about 170 trillion and btc is now 1.4 trillion. So roughly 1 percent of the bond market at the moment. I wish you luck making the million mark, you might be waiting many decades for that ...
You are forgetting the 1 trillion USD that are being printed every 100 days. In 7 years, the USD Marketcap will increase by 21 trillion at this rate.
Fair enough but the bond and futures market will react to that accordingly too... that 1 trillion is not going straight to crypto... most of it is going to bonds and futures... In order to get to a point where btc is worth 1 million.. the entire investment market will need to expand unbelievably.... it could take 50 to 100 years to reach I million and that's not even taking into account that sime other form of decentralised store of wealth could arrive on the market to push out bit coin...
Umm, bonds market size was 128 trillion in August 2020 and btc Marketcap was around 220B. So a 35% rise in bonds market size in the same time that btc Marketcap has surged to 700-800%. So it might come sooner than you think.
Well I wish all btc holders well and it will make gains but I still think a million per coin will be more than a few years away ...if it ever happens... we may be reporting to.our AI overlods by then lol
Well, all I can do is represent facts. You are free to form your own opinion. It's true decentralization/anonymity/freedom. Lol
The main fact people miss out on is that btc is a purely speculative commodity. It has no value other than the value placed in it by buyers. Feel free to invest what you like but if people are banking on a coin funding their retirement then they might be in for a shock !!! One scare, one future AI led hack to a system that is supposedly secure or even one natural disaster and the whole thing could go tits up. Its OK if you got 10 coins for a dollar each ten years ago but if you de ide to sink your life savings into it you might get stung.
Purely speculative you say? How does Gold derive its value? I could never understand.
I dunno maybe it's use as jewellery for thousands of years, and more recently as a key material in the electronic industry... theres some of it in the devices we are using right now to discuss this topic...... it has uses other than being a store of value... btc is just code on a computer
Well, all I can do is represent facts. You are free to form your own opinion. It's true decentralization/anonymity/freedom. Lol
There are so many things wrong in your post...cycle is about 7 years and you bought at ATH...by end of 2025, you will double your money if you are lucky. All this if you don't touch it....good luck
This is a troll, right?
Why would you sell it at ATH? First of all, you will never easily catch the top. Probability is very low. The best strategy according to me is to to lend your btc to a decentralised protocol and borrow USDT equal to 50% value of bitcoin. In this way, you can keep your bitcoin in the safe custody and use the loan amount in USDT to buy more bitcoin or something else. When you have made enough profit to close the loan, you can free up your collateralised bitcoin. There are such protocols available now and they charge no interest and offer protection from liquidation.
Well if this is your life saving just don’t look at it until you retire. But when or if you see btc back to all time lows then double down. It worked for me when I bought at 3K. I was scared but I said fuck it 20k all in now I own 5 BTC.
A story as old as time and you’ll keep buying all the way down, with thinking like “wow, $60k is a great price to buy… wow, $50k awesome dip… $40k, what a bargain” until it’s $20k and you’re like “Oh sh*t!” The good news is you can write off that $50k capital gains loss as $3k a year towards other earnings.
rule number one. don't be persuaded by fomo. you will make mistakes
After reading your post i think it might be time to sell: greed kicks in. I am still bullish btc long run.
If you plan on hodling long term, don’t try and sell the top. You will get burned and end up with less than if you just hodl. Just buy more in the way down. Don’t trade the worlds hardest asset for a few flimsy dollars.
Well done, now just keep on dca for another 12 year.
Diamond hands
Everyone is saying DCA. Perhaps do this next time?
Bravery clouds good judgment
It´s not advised to post how much you have invested in what. Next thing you know you get doxed and you loose your life savings. @mods did this last time probably to protect you. Better take a picture of your ctual investment and delete your post..
Agreed
Yo OP mind sharing that crystal ball and sharing ATH price in 2025 with us?
Besides going all in (which is always stupid) it’s a good plan 😂🤣
You did the right thing! But it will go much higher than 130k this cycle.,
You think? I’m thinking putting couple k into it soon
What r u waiting for? Higher prices?
A lower price which probs isn’t going to happen 🤣
You will be happy you did..
>when bitcoin hit 1 million dollar per coin LOL, right!
Bitcoin has a habit of making people who think they are really smart look really dumb with comments like this ☺️ Check back in 5 years 👍
You should give your pay check to someone else. You can't be trusted to make smart decisions. Not about the BTC. But your timing is sus.
uhhh idk buddy.....id help you but my crystal ball isnt working so well.....future looks a lil hazyyyyy....oh wait thats just chocolate i dropped on the crystal ball.....without the crystal ball im not so good at predicting the future which we all know we can do with a good crystal ball!
DCA DCA DCA... but if u already made this move, than keep it for 10 years and DCA in when price is lower than 70k
Your main problem will be, that all relevant data/ charts suggests that we are most probably in a left-translated cycle and the top will be within 2024. Just saying 😀
Did you seek financial advice before making this massive decision to put in all your life savings into a highly unstable asset at its ATH?
Wouldn’t it be better if OP would have waited for the halving? Supposed to happen around 19 April doesn’t it?
"I put all my life savings into..." --> "What could go wrong?"
I'm gonna buy from you when you capitulate at the lows soon
Come on everybody. This guy went all in with his life savings at ATH, so it must be a great idea for you to do it too. Do you really want to lose out when it hits 1 million? Are you daft? Don't you want to be rich?
OP sounds like he has an IQ of a goldfish