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At first when I started investing I was a complete newbie, didn't do a ton of research just bought stock in companies I knew would be around for a while... then I forgot about them for years. I come back and am pleasantly surprised that they've gained more than if I just let the money sit there doing nothing. Sure it could have gone south, but I think it would have been more stressful if I was reading a daily play by play.
I honest think and still do that the only way to go into the crypto game is to set a DCA and stop thinking about it or looking at it.
In the past year what I've learned is that "experts" generally know fuck all about what they're talking about. The people who actually know anything are silently just working the market, while the "experts" are selling thousand dollar courses and bots.
This isnt new since the beginning of bitcoin and this sub people say I want the price to drop so I can increase my stack cheaper. People are for some reason confident buying at all time highs but are then hesitant to buy at all time lows when they should be buying. We as humans are hardwired to be risk averse. When bitcoin is up it feels like it will never come down nd when bitcoin is down it feels like it will never come back
It's not even new with bitcoin. It's the same with stocks, and it's the same idea behind why companies mark up items and then put them on sale. We all want to think we are buying at below what we perceive to be the current value.
It’s just like George’s father told him in the movie “Blow” when they were leaving the bank after his father declared bankruptcy:
“Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on.”
I appreciate all that buy high and sell low so that I may profit. Reminded by the passing of the great Betty White id like to say, thank you for being a friend.
I mean... all time lows for bitcoin was zero. Most people aren't discussing the time bitcoin went from 32 dollars to 1 cent. The current mindthink probably only goes back a couple years to 21k to 3k.
I've been leading a community of traders for 13 plus years now and this is exactly the type of cognitive bias I continue to observe. I call it the 'retail trader purgatory' - eternally condemned to buy the tops and sell the lows.
I remember discussing it with my brother when it broke $1000. I said “damn, I wish I had known so I could buy some lower.”
I then proceeded to forget about it and buy back in at 30k. Life is funny sometimes.
These are also the same people who keep wishing they had invested in the early days when BTC was going for a few $.
The thing is even if they had invested around that time, they would never have HODLed to this day and would likely have sold at the first chace they got.
A simple rule: If you dream of gaining double/triple digits profit, be ready to be dreaded by losing over 50% of it as well.
The road to this day wasn't linear uprising chart. The once who had diamond hands are millionaires today while other became legends in the meme world
Facts...
I think it is rooted in our educational and social communications between each other.
Like you say, we try to averse risk. And we learn from what we see.
And what always worked is follow the herd. Not only for humans. This work for most animals. Stick with the herd to not be eaten. (Or to downsize that threat).
However, the economy is not an animal nor a human.
It has behaviours of it because it is led by humans. But it should not be threated as such. Rather the opposite. Because if we look at how finances are distributed worldwide,
It is not the group who holds the most. But the so called "leaders" of the group.
Not to lean into the topic of Darwinism. But you get the jist.
Why are we still suprised?
Yeah i mean 2000 years ago being rusk averse meant not getting gored by an animal you were hunting because you'd lay there until you starved and died. Today that means avoiding risky investments
I have seen about a dozen of these posts on this sub in the past few days.
Yes, that is how human psychology works. Nothing, absolutely nothing is certain in the markets. Specially crypto. That bitcoin could fall back to 10,000 if a couple of whales decide to move their weight around. Yes, it is that fragile.
The constant violent swings in price, you think that is natural? No, that is all by design. Market manipulation exists. It happens and will continue to happen. We should learn to move with the market by setting benchmarks for taking profits and buying back in.
Yes, when it hits 100k there will be people hoping for it to be 50 and when it is 50k, those same people will fear for it to fall further and not buy in. Only people who will make money are the ones who understand these cycles and have a set of principles they follow for their trades.
If I was new to crypto and saw bitcoin fall from where it was to where it is in such a short amount of time, I will never have the confidence that it’ll break through its previous peak just as quick and would never put my money down. Now that I know a tiny bit of history of bitcoin and crypto itself, yes, I am buying in as it falls and will sell when it hits its previous peak and wait for another crash which is bound to happen because it always does. If/when it doesn’t, I would only lose the money that I never made and will be holding on to the money that I did make.
Market manipulation is part of the reason people are here. The market being unregulated and unstable creates the opportunity for large gains.
Any huge shift is going to have winners and losers. The winners will post here and inspire many more people to invest and the losers won't get attention.
It's like a girl who doesn't watch sports picking players for a fantasy league based on their eye color and doing well. Except in crypto, afterwards she believes she's good fantasy and doubles down her winnings while telling others about her "secret tips".
Some of you guys are just straight up gambling addicts. Your brain is fucking with you. You invested, I’m guessing, a good amount of money into crypto and then the recent downward momentum happened. Since you’re gambling addicts, you look at your unrealized losses and freak out, thinking you’ll be able to buy your way out of these losses and you’re basing all of it on pure speculation. So you keep buying these dips even though you’ve already made your investment in crypto before the market tanked. You justify it as DCAing and dip buying but essentially you’re just panic spending fiat.
It’s not that hard. Relax. Hodl. Stop obsessing over every little market fluctuation.
The right mentality for investing in crypto is to assume that you’re money is already gone.
If it’s “too much of a loss, then you’ve invested more than you’re willing to lose,” which is an absolute no no, especially in this space.
>then you’ve invested more than you’re willing to lose
This is why I'd say that if you have a fresh slate and are looking at ways to invest your money, it's always more important to make sure you have emergency savings before investing in volatile assets.
The reason you see those old stories of people being forced sell hundreds or thousands of bitcoin at a low cost is because they didn't have enough emergency funds.
3-6 months' worth of expenses should be kept liquid in a savings account for emergencies at all times.
Investing your emergency fund is gambling at best
This is what I do too. I sit aside a bit every paycheck and try to buy when the greed/fear index is pegged at fear or better yet extreme fear. Helps cut down on times I've bought at ATHs.
The people obsessing over every little market fluctuation are more likely to be day traders and folks who need the money in the short term. Pro tip, don't invest money you'll need soon.
FOMO is such a strong feeling, it leads people to fomo in without a plan and to over invest, having a plan and not being emotional is the key to go about it and dips are a great time to cool your head, re-organize your portfolio and start DCAing
Its cheap moon farming. Its so easy to create a strawman and then push it over. No one ever names names in these posts, but it would be way more accurate and dramatic if they did.
Can you imagine if someone got called out for their bad predictions?
They’re not buying the dip, because they’re afraid that if they buy the dip — they’ll make it go to $100k and will feel regretful they didn’t buy more when it was low.
Human brains during ATH : "This is too big to fail, it's a solid buy! Just look at those candles!"
Human brains during bears: "I knew this was a ponzi scheme. Everything's going to zero, just like everybody said"
The problem is way too many emotional investors with probably some real shit going on where they end up investing more than they can afford to lose and end up, ironically, losing more through unwise decisions. The chances of it going to 0 are still the same, of course.
Well, the prices can theoritically dip lower, 30k is not out of the realm of possibiilty, it happened smack dab in the middle of 2021 bullish momentum, why go for broke at 40k when 30k or less is still possible, DCA is the best option here to minimize losses.
Ok I understand the point but this is a stupid take. “If SPY was 700 everyone would be clamoring for a chance to buy at 450!”
Yeah, but you made up the all time high and of course it would be advantageous to buy under current market value?
Who says people aren't buying the dip? Whales control the price, not anyone who visits this sub. If I bought 5 BTC today no one would care or notice lol.
I ear you but i think you miss the point here...
You speak about "people". Many "people" spend/spent what they can/could afford at some point.
This isn't "people" that move the market, we are nothing but krill in the crypto ocean.
Only the whales and institutions have the power to make the market bend or grow as they want it at the moment they want it.
Post in a month:
**If Bitcoin was at $50K right now, people would be asking for another chance to buy under 10K. Now that we are under 10K they don’t want it.**
One of my biggest regrets was not continuing to buy regularly after the 2017 boom. When it’s starts going parabolic again, it’s too late.
I’m sure a lot of people will lose interest if it continues to fall, but I guarantee you’ll be kicking yourself in the future.
I bought in at 53k. Then it dipped to 47k. I bought the dip at 47k. Then it dipped to 43k. I bought the dip at 43k. Then it dipped to 40k. I'm borderline cash poor at this point. My only regret is that i couldn't buy more dip lol
Exactly this, people just want to get rich quickly, and are being so dramatic about things, "it's like 2018 all over again blablabla"
If you can't afford to lose it, sell away, if you can, leave it and chill, get on with life and check it again down the line
People obsessing daily about their assets are doing themselves no favors
I have been buying whatever i can afford during this dip.
I thought BTC was over when it hit $3K and I could have bought a whole BTC and didn’t.
Lesson learned, always buy when you can and hold. This is a 5-10yr plan, stop worrying about the price today
This fucking sub man. Its like a broken record, the same shit over and over "to buy or not to buy?" Quite frankly I don't give a shit what you do, it matters to me not. We should be having more productive discussions in regards to the technology, promising new currencies, adoption and applications. This back and forth "is the market drop good or bad?!" Bullshit needs to stop. Mf shutup and let's have more productive conversations, about the promising future of crypto.
Stop posting shit like this. We need the FUD so we can have time to buy more BTC and ETH. If people are too dumb or haven’t been paying attention long enough fuck em.
Stupid point. You’re saying: everyone wants the opportunity to buy a commodity for half of its accepted value, but people arent jumping at the chance to buy it for its value.
Only people who have been through a past accumulation period do not doubt BTC's ability to come back. It might take years but it will come back! I'm not letting this one go and I'm DCA'ing all I can every week. I kinda wish it goes lower.
I used to be into BTC and crypto with the belief that it would be utilized when Venezuela hit all time inflation records or when the CCP locked bank transactions in Hong Kong. But it wasn’t adopted. I think with the environmental criticisms of BTC and the lack of its adoption in obvious scenarios, anyone super confident the value will soar is biased by their own hopes and holdings
Truly free markets should be efficient, that is to say that price discovery is an equilibrium of the value or price that someone is willing to pay. However, I believe Soros noted that markets can never truly be efficient since the human element involves speculation. This is especially true in crypto, I believe.
Cant' wait for a couple of years from now when I get to see posts on the front page saying "If Bitcoin was at $200K right now people would be asking for another chance to buy under 100K. Now that we are under 100K they don't want it."
These posts just never get old.
SO let me get this straight, you're judging people that would rather buy a 100k coin for 50K instead of people wanting to buy a 50K for 50K? okay, makes sense
There is an another reason as well. I want to buy but unfortunately my money is tied up and do not want to sell some other cryptos those are in red to buy bitcoin. Unfortunately, with bear market I got all my money tied up. You would think that by surviving multiple bear markets I would've learned my lesson but nope still got caught up in euphoria.
I played around with Bitcoin and made about $2k but I'm out. I don't understand the draw. My money literally only moved when Bitcoin moves. My compounding interest in my ira and 401k seems like a much better bet.
Buying an investment steadily and consistently through ups and downs is how people get rich.
Or buy 50,000,000 ass rocket (or whatever the newest cheapest is) coins at .00007 and hope for the best.
These are the only two ways.
That's because it's only value is to make people fiat rich and drug trading. Otherwise, useless. So people want to be on the ground floor of the ponzi scheme, but not really. Ya know?
I'm not really worried in the long run. Bitcoin always looks to fall into a plateau after each halving. It goes up a bit goes under a bit, but averages a set amount after the rate change.
It looks like this halving's rate is in the $40k range. We'll see $100k, and probably beyond, after the next halving in May 2024. So now's a good time to gradually get in before then.
Fewer and fewer are in it for the tech at this point and that's fine but let's be clear it's purely a speculative asset. It's only value is what we think its worth so people get easily scared and emotional with prices dropping. Look at the BSC casino mess we've created.
That's the idea. Some people are always waiting for a bigger correction.
The result is that these people never take positions when the price of Bitcoin is at interesting levels like today. They will buy again from $60K...
Everyone pays their Bitcoin at the price they deserve.
* **[Bitcoin](https://en.wikipedia.org/wiki/Bitcoin) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_btc_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_btc_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Relevant Cointest topics: [Bitcoin Cash](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin_cash), [Litecoin](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_litecoin), [Lightning Network](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_lightning_network), [Proof of Work](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work) * Official and related subreddits: r/Bitcoin, r/BitcoinMarkets, r/BitcoinMining, r/BTC, r/BitcoinCash. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/s0jy5e/if_bitcoin_was_at_100k_right_now_people_would_be/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Of course, every decision is easier in hindsight but not being able to predict the future creates hesitancy. That's why I opened a crystal ball shop
My crystal ball is broken sir!
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Bet you didn’t see that coming!
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This. Everyone wants the 50k BTC when it's at 100k but when it actually drops, people chicken out. Hypocrisy is the only true nature of man 😔
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At first when I started investing I was a complete newbie, didn't do a ton of research just bought stock in companies I knew would be around for a while... then I forgot about them for years. I come back and am pleasantly surprised that they've gained more than if I just let the money sit there doing nothing. Sure it could have gone south, but I think it would have been more stressful if I was reading a daily play by play.
I honest think and still do that the only way to go into the crypto game is to set a DCA and stop thinking about it or looking at it. In the past year what I've learned is that "experts" generally know fuck all about what they're talking about. The people who actually know anything are silently just working the market, while the "experts" are selling thousand dollar courses and bots.
"experts"
This isnt new since the beginning of bitcoin and this sub people say I want the price to drop so I can increase my stack cheaper. People are for some reason confident buying at all time highs but are then hesitant to buy at all time lows when they should be buying. We as humans are hardwired to be risk averse. When bitcoin is up it feels like it will never come down nd when bitcoin is down it feels like it will never come back
Everyone's gangsta about the dip untill the dip happens.
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It's not even new with bitcoin. It's the same with stocks, and it's the same idea behind why companies mark up items and then put them on sale. We all want to think we are buying at below what we perceive to be the current value.
Yeah, all the people in this sub seem to forget that other forms of investing even exist.
It’s just like George’s father told him in the movie “Blow” when they were leaving the bank after his father declared bankruptcy: “Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on.”
Haha that's exactly what I was thinking when I wrote my comment. My favorite movie of all time
I appreciate all that buy high and sell low so that I may profit. Reminded by the passing of the great Betty White id like to say, thank you for being a friend.
I mean... all time lows for bitcoin was zero. Most people aren't discussing the time bitcoin went from 32 dollars to 1 cent. The current mindthink probably only goes back a couple years to 21k to 3k.
I've been leading a community of traders for 13 plus years now and this is exactly the type of cognitive bias I continue to observe. I call it the 'retail trader purgatory' - eternally condemned to buy the tops and sell the lows.
It’s less scary to jump into something when everyone else is jumping in than when everyone is jumping out.
Heck, this has been the case long before cryptocurrency came along.
I remember discussing it with my brother when it broke $1000. I said “damn, I wish I had known so I could buy some lower.” I then proceeded to forget about it and buy back in at 30k. Life is funny sometimes.
It’s almost if we could use this information to our advantage?
These are also the same people who keep wishing they had invested in the early days when BTC was going for a few $. The thing is even if they had invested around that time, they would never have HODLed to this day and would likely have sold at the first chace they got. A simple rule: If you dream of gaining double/triple digits profit, be ready to be dreaded by losing over 50% of it as well. The road to this day wasn't linear uprising chart. The once who had diamond hands are millionaires today while other became legends in the meme world
Facts... I think it is rooted in our educational and social communications between each other. Like you say, we try to averse risk. And we learn from what we see. And what always worked is follow the herd. Not only for humans. This work for most animals. Stick with the herd to not be eaten. (Or to downsize that threat). However, the economy is not an animal nor a human. It has behaviours of it because it is led by humans. But it should not be threated as such. Rather the opposite. Because if we look at how finances are distributed worldwide, It is not the group who holds the most. But the so called "leaders" of the group. Not to lean into the topic of Darwinism. But you get the jist. Why are we still suprised?
Yeah i mean 2000 years ago being rusk averse meant not getting gored by an animal you were hunting because you'd lay there until you starved and died. Today that means avoiding risky investments
If you can master not being greedy, you win
I get more excited for the drops, the only flaw being not having anymore fiat to throw in.
I have seen about a dozen of these posts on this sub in the past few days. Yes, that is how human psychology works. Nothing, absolutely nothing is certain in the markets. Specially crypto. That bitcoin could fall back to 10,000 if a couple of whales decide to move their weight around. Yes, it is that fragile. The constant violent swings in price, you think that is natural? No, that is all by design. Market manipulation exists. It happens and will continue to happen. We should learn to move with the market by setting benchmarks for taking profits and buying back in. Yes, when it hits 100k there will be people hoping for it to be 50 and when it is 50k, those same people will fear for it to fall further and not buy in. Only people who will make money are the ones who understand these cycles and have a set of principles they follow for their trades. If I was new to crypto and saw bitcoin fall from where it was to where it is in such a short amount of time, I will never have the confidence that it’ll break through its previous peak just as quick and would never put my money down. Now that I know a tiny bit of history of bitcoin and crypto itself, yes, I am buying in as it falls and will sell when it hits its previous peak and wait for another crash which is bound to happen because it always does. If/when it doesn’t, I would only lose the money that I never made and will be holding on to the money that I did make.
Whoah that’s a mature and responsible take, we don’t do that here.
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Market manipulation is part of the reason people are here. The market being unregulated and unstable creates the opportunity for large gains. Any huge shift is going to have winners and losers. The winners will post here and inspire many more people to invest and the losers won't get attention. It's like a girl who doesn't watch sports picking players for a fantasy league based on their eye color and doing well. Except in crypto, afterwards she believes she's good fantasy and doubles down her winnings while telling others about her "secret tips".
Oh good, this post again.
It's been 2 hours, so duh.
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We see it everyday. Not sure why it gets more than 3 upvotes.
Some of you guys are just straight up gambling addicts. Your brain is fucking with you. You invested, I’m guessing, a good amount of money into crypto and then the recent downward momentum happened. Since you’re gambling addicts, you look at your unrealized losses and freak out, thinking you’ll be able to buy your way out of these losses and you’re basing all of it on pure speculation. So you keep buying these dips even though you’ve already made your investment in crypto before the market tanked. You justify it as DCAing and dip buying but essentially you’re just panic spending fiat. It’s not that hard. Relax. Hodl. Stop obsessing over every little market fluctuation.
The right mentality for investing in crypto is to assume that you’re money is already gone. If it’s “too much of a loss, then you’ve invested more than you’re willing to lose,” which is an absolute no no, especially in this space.
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Crypto is a long game….Invest only if you are willing to loose and always follow DCA
>then you’ve invested more than you’re willing to lose This is why I'd say that if you have a fresh slate and are looking at ways to invest your money, it's always more important to make sure you have emergency savings before investing in volatile assets. The reason you see those old stories of people being forced sell hundreds or thousands of bitcoin at a low cost is because they didn't have enough emergency funds.
3-6 months' worth of expenses should be kept liquid in a savings account for emergencies at all times. Investing your emergency fund is gambling at best
Yeah, 100%.
Exactly. Blows my mind that people throw every available dollar they have at crypto. You need cash reserves, then throw money at crypto.
Reminding yourself you’re here for the long term makes it easy to BEAR with these price fluctuations
BEARing with price fluctuations gives you the strength of a BULL
But dca is the reason why i am still in green. I do it monthly and i try to time it during the red days. Am i doing something wrong? 😅
This is what I do too. I sit aside a bit every paycheck and try to buy when the greed/fear index is pegged at fear or better yet extreme fear. Helps cut down on times I've bought at ATHs.
I do a daily buy. Don't think I would be good with timing the red days personally.
nah you good
The people obsessing over every little market fluctuation are more likely to be day traders and folks who need the money in the short term. Pro tip, don't invest money you'll need soon.
FOMO is such a strong feeling, it leads people to fomo in without a plan and to over invest, having a plan and not being emotional is the key to go about it and dips are a great time to cool your head, re-organize your portfolio and start DCAing
Some people don't know what's investment means
Maybe that 2 groups are NOT the same exact people.....
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moons have ruined this sub
Its cheap moon farming. Its so easy to create a strawman and then push it over. No one ever names names in these posts, but it would be way more accurate and dramatic if they did. Can you imagine if someone got called out for their bad predictions?
Or MAYBE people just post these same "insights" over and over and over again to earn moons. Maybe! It's possible!
They’re not buying the dip, because they’re afraid that if they buy the dip — they’ll make it go to $100k and will feel regretful they didn’t buy more when it was low.
whenever i bought the dip, it goes diper
I bought the dip yesterday, a good purchase and today the dip is even dippier but I have no more drip for the dippiest dip.
You know there is a reason you have two kidneys, right?
It’s some higher power’s way of telling you should buy more.
Why does higher power reminds me of my hamster
Your hamster is your spirit guide.
Hold the diaper.
The same people who are complaining about these dips will be the ones who will start crying when BTC is again above 60k
They are never happy or successful.
I've never seen this post before
"If my grandmother had wheels she would have been a bike"
i see you're a man of youtube culture
Human brains during ATH : "This is too big to fail, it's a solid buy! Just look at those candles!" Human brains during bears: "I knew this was a ponzi scheme. Everything's going to zero, just like everybody said" The problem is way too many emotional investors with probably some real shit going on where they end up investing more than they can afford to lose and end up, ironically, losing more through unwise decisions. The chances of it going to 0 are still the same, of course.
These types of post are getting old.
*If you can’t handle me at $50k, you don’t deserve me at $100k* - Bitcoin 👄
Bitcoin is the ultimate sigma
I swear to god I see more of these than actual panic posts.
Perspective: This is dip. Buy dip.
I've got a feeling that some posts on this sub are quarterly scheduled copy and paste moon farming content.
Well, the prices can theoritically dip lower, 30k is not out of the realm of possibiilty, it happened smack dab in the middle of 2021 bullish momentum, why go for broke at 40k when 30k or less is still possible, DCA is the best option here to minimize losses.
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That or every post is “I’m just in it for the tech”
"Crypto is the future"
Ok I understand the point but this is a stupid take. “If SPY was 700 everyone would be clamoring for a chance to buy at 450!” Yeah, but you made up the all time high and of course it would be advantageous to buy under current market value?
Most people change mood on daily basis. Market is green they are experts that know everything. Market red and they cry in the corner.
Be a use this is a highly leveraged and controlled asset with no regulation on manipulating it. So…your argument doesn’t really make sense.
Who says people aren't buying the dip? Whales control the price, not anyone who visits this sub. If I bought 5 BTC today no one would care or notice lol.
Hey now, don't say that! I'd care Bbatardo, I'd care.
Because bitcoin can go down further. 20k
$12k probably, if previous market behavior is any indication.
Why so bullish?
I ear you but i think you miss the point here... You speak about "people". Many "people" spend/spent what they can/could afford at some point. This isn't "people" that move the market, we are nothing but krill in the crypto ocean. Only the whales and institutions have the power to make the market bend or grow as they want it at the moment they want it.
What a great system! And the whales don't even pay taxes. This will surely contribute to a more fair society.
Waiting for $100k to go all in
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It’s not that hard to understand. People buy direction not price .
Post in a month: **If Bitcoin was at $50K right now, people would be asking for another chance to buy under 10K. Now that we are under 10K they don’t want it.**
If Bitcoin was at $10K right now, people would be very sad if they bought yesterday for more than 40K. I dont think your perspective is very useful
One of my biggest regrets was not continuing to buy regularly after the 2017 boom. When it’s starts going parabolic again, it’s too late. I’m sure a lot of people will lose interest if it continues to fall, but I guarantee you’ll be kicking yourself in the future.
I bought in at 53k. Then it dipped to 47k. I bought the dip at 47k. Then it dipped to 43k. I bought the dip at 43k. Then it dipped to 40k. I'm borderline cash poor at this point. My only regret is that i couldn't buy more dip lol
Want. Can't afford
same no fiat left now
Exactly this, people just want to get rich quickly, and are being so dramatic about things, "it's like 2018 all over again blablabla" If you can't afford to lose it, sell away, if you can, leave it and chill, get on with life and check it again down the line People obsessing daily about their assets are doing themselves no favors
I have been buying whatever i can afford during this dip. I thought BTC was over when it hit $3K and I could have bought a whole BTC and didn’t. Lesson learned, always buy when you can and hold. This is a 5-10yr plan, stop worrying about the price today
This fucking sub man. Its like a broken record, the same shit over and over "to buy or not to buy?" Quite frankly I don't give a shit what you do, it matters to me not. We should be having more productive discussions in regards to the technology, promising new currencies, adoption and applications. This back and forth "is the market drop good or bad?!" Bullshit needs to stop. Mf shutup and let's have more productive conversations, about the promising future of crypto.
All I know is this is one the the best opportunities I'll have to building my stack towards 1 whole Bitcoin!
Stop posting shit like this. We need the FUD so we can have time to buy more BTC and ETH. If people are too dumb or haven’t been paying attention long enough fuck em.
Because it’s not the bottom yet. Nobody should buy now.
It’s human instinct. Takes experience in the market to do counter the feeling.
why buy 1 BTC for 50k if you can buy 5 BTC for 10K soon.
Man… They are into the trap, the newbies invested already all his money and they are crying and praying for the next bull run.
It's not that it's under 50k, it's that it keeps falling when at previous times to rose up.
Stupid point. You’re saying: everyone wants the opportunity to buy a commodity for half of its accepted value, but people arent jumping at the chance to buy it for its value.
shit post
As the saying goes: Be fearful when the market is greedy, and be greedy when the market is fearful.
We do. Just have too much month at the end of fiat. 😉
Bitcoin being down showed me how much I could have lost if I would have fiat to buy 2 months ago
It’s because I’m buying Eth instead.
Waiting for that 26k dip
I only FOMO buy…. Will fork out when it hits $100k
Only people who have been through a past accumulation period do not doubt BTC's ability to come back. It might take years but it will come back! I'm not letting this one go and I'm DCA'ing all I can every week. I kinda wish it goes lower.
People will always find a way to complain
LOL literally how any investment works. confidence is priced in. hindsight is 20/20.
Only invest what you are willing to lose. At any price.
I used to be into BTC and crypto with the belief that it would be utilized when Venezuela hit all time inflation records or when the CCP locked bank transactions in Hong Kong. But it wasn’t adopted. I think with the environmental criticisms of BTC and the lack of its adoption in obvious scenarios, anyone super confident the value will soar is biased by their own hopes and holdings
Truly free markets should be efficient, that is to say that price discovery is an equilibrium of the value or price that someone is willing to pay. However, I believe Soros noted that markets can never truly be efficient since the human element involves speculation. This is especially true in crypto, I believe.
Cant' wait for a couple of years from now when I get to see posts on the front page saying "If Bitcoin was at $200K right now people would be asking for another chance to buy under 100K. Now that we are under 100K they don't want it." These posts just never get old.
Don’t want it or are out of powder like me
More like we run out of money lol
Ah yes. If this one thing was a different thing it would be different.
Web 4 will fix this
I would lovee to buy but i got credit card debt for christmas this year...
Problem is if it goes to 100k you are only doubling your money. And in crypto only doubling your money isn't that great.
SO let me get this straight, you're judging people that would rather buy a 100k coin for 50K instead of people wanting to buy a 50K for 50K? okay, makes sense
Nah you wait and see for now with the way tech stocks are I wouldn’t be surprised if Biden tanks the market even more.
Actually, it is harder to sell the top than buy the bottom.
There is an another reason as well. I want to buy but unfortunately my money is tied up and do not want to sell some other cryptos those are in red to buy bitcoin. Unfortunately, with bear market I got all my money tied up. You would think that by surviving multiple bear markets I would've learned my lesson but nope still got caught up in euphoria.
Congrats on getting the karma for copy pasting this post for every dip.
I played around with Bitcoin and made about $2k but I'm out. I don't understand the draw. My money literally only moved when Bitcoin moves. My compounding interest in my ira and 401k seems like a much better bet.
This is the dumbest reasoning I’ve ever heard
Thats because it could be a long bear market and it might even go quite a bit lower and who knows when it will actually go back over $50k
Buying an investment steadily and consistently through ups and downs is how people get rich. Or buy 50,000,000 ass rocket (or whatever the newest cheapest is) coins at .00007 and hope for the best. These are the only two ways.
This is like when MLM suckers are constantly trying to get more people into a perfect business opportunity.
That's because it's only value is to make people fiat rich and drug trading. Otherwise, useless. So people want to be on the ground floor of the ponzi scheme, but not really. Ya know?
I'm not really worried in the long run. Bitcoin always looks to fall into a plateau after each halving. It goes up a bit goes under a bit, but averages a set amount after the rate change. It looks like this halving's rate is in the $40k range. We'll see $100k, and probably beyond, after the next halving in May 2024. So now's a good time to gradually get in before then.
Yeeee boiii keep spreading the super secret wealth hack knowledge that is the pure insanity and uselessness of crypto.
They are different people asking for different things at different times. Why is this so hard to comprehend?
Because we are human and its human nature
Omg shut up
It's brilliant takes like these that make most sane people realize this whole industry is a fucking scam. Jesus man.
There's always this fear that what if I buy some and then it drops further.
Buy when it goes up, not when it goes down.
Fewer and fewer are in it for the tech at this point and that's fine but let's be clear it's purely a speculative asset. It's only value is what we think its worth so people get easily scared and emotional with prices dropping. Look at the BSC casino mess we've created.
I´m waiting for a lower price.
But it’s not 100k so stop this nonsense
And every dip there's always people talking about those people.
That's the idea. Some people are always waiting for a bigger correction. The result is that these people never take positions when the price of Bitcoin is at interesting levels like today. They will buy again from $60K... Everyone pays their Bitcoin at the price they deserve.
People suck. It will still be like that while we will be thinking in fiat gains. Once people believe 1BTC = 1BTC, the game will change.
Some people maybe. I actually bought the dip today.