With no fees at all in buying and selling it and since you can buy partials, I can see buying in and selling it, trying to make a a few dollars here and there but for me, I just buy little portions of it and wait. Like you said, I think it will hit some crazy high someday but I also think it will become as worthless as cinnamon in the end. But I am more than happy to try and squeeze a few dollars out of it before it becomes nothing.
OT- Bitcoin
- Thread starter redwine65
- Start date
Pretty much all of them. Finna, yeat, drip. What???
My son and i buy small portions each week for two of my grandsons, regardless of what the price point is at the time.
There are many ways to do similar things, and if that works for you, kudos and good luck buddy.
Bought a lot of Litecoin a long time ago, and patiently wait for it to make a move, if it ever does. That's the advantage of just buying a a low price point and wait for an upward move.
At the time, i actually bought about 30 different cryptos and alt coins. Some have done well, others have just vanished to zero.
Some keep hanging on and not making any move up or down, so i just transferred all those "dogs" into my grandkids accounts and they can wait it out if they want to, its not worth wasting my time on. LOL
I sold Half my BTC today. I bought in March. It’s run too far too fast, I’ll buy more on a pullback and hold the rest.
For the most part I will let the action around the trends I have drawn dictate this but right now I’m seeing either 3800-4000 or if it breaks that level 2800-3000. So possibly not very far. I may have sold half a little early because that was more so on feel/momentum, but my buys are on technical trend lows.
It's called a Spindle Reverse Dolphin Flip. It's primarily a bull market strategy but also tradition.
It's called "dollar cost averaging" and has been around forever in the stock market. Don't make up new names for stuff that already existed.
I’m very aware of the strategy. You said there’s probably no more money to be made from here though. That tells me you think it’s going sideways or down from here, so why would you continue to buy it?
Because my son, grandson, and great grandson told me to. Why stop now? I bought an island and a ticket on virgin galactic thanks to BTC.
Coinbase mostly... I also earn in passively throught staking NFT's and ADA itself
Lot of insider selling right now in that stock. I have $20 in Cardano, maybe one day it will buy me an island!!! 🤣
The next Bitcoin (CRYPTO: BTC) halving is expected in April 2024. The event, occurring approximately every four years, affects not only the market value of Bitcoin, but also the broader dynamics of the cryptocurrency space.
Hold until early 2025, when the euphoria and fear of missing out kicks in for the masses then you sell. Conservatively $150k a coin price target. Feel free to bookmark this and check back in 12-15 months. But this is not financial advice
Hold until early 2025, when the euphoria and fear of missing out kicks in for the masses then you sell. Conservatively $150k a coin price target. Feel free to bookmark this and check back in 12-15 months. But this is not financial advice
I'll pass on the bookmark. lolThe next Bitcoin (CRYPTO: BTC) halving is expected in April 2024. The event, occurring approximately every four years, affects not only the market value of Bitcoin, but also the broader dynamics of the cryptocurrency space.
Hold until early 2025, when the euphoria and fear of missing out kicks in for the masses then you sell. Conservatively $150k a coin price target. Feel free to bookmark this and check back in 12-15 months. But this is not financial advice
That is the thing, no one knows because no one can actually explain what crypto is, they all just copy and paste what some dork wrote.
The Romans used cinnamon as currency and he had more value than silver. Bitcoin is cinnamon.
Make money off of it now because it will eventually be as valuable as your old arcade tokens that we all had at one point.
Oh I thought maybe a reason. I’ll still look to throw some money in at one point based on the cycles that some posters mentioned but yeh.. wild
False. My nephew explained it to me 15 years ago. He showed me the origins back when David Chaum almost released Digi Cash back in the 90's and boy am I glad he did! I starting putting 100 a week in 2009 into Bitcoin and Ethereum and now I've secured my families future for the next 15 generations. We bought an end of the world bunker in South Dakota so no one will ever pry these bitcoins from my cold, dead hands. I wish you a blessed life filled with blessings...but it will never be as good as mine.
Welp that’s one way to look at it…I’d rather take the lead of funds like Blackrock manage $9.5 trillion) that will soon have a Bitcoin ETF….chances are they’re a tad smarter on what’s coming.
Blackrock would have done the same with cinnamon.
It is smart, there is money to be made on Bitcoin, like I said, I buy it, just like I would have tried to get cinnamon back in Roman times. It doesn't mean that it is going to be some amazing thing that sticks around forever. It is cinnamon. Buy it, make some great returns and take your money.
Anyone that wants Bitcoin will just buy it.. why pay commission of a black rock etf?
I think it makes people feel safer? Blackrock will gladly profit off of that.
401Ks participating as well
Good point. If my company will match my risk then I’ll certainly jump in
Hell yeah they are (and will), there is money to be made off of it. Like I said, I buy it.
Leveraged long liquidations. Happens the other way when leveraged shorts are liquidated.
Crypto has vastly outperformed all asset classes since its inception in 2021. This isn’t speculation, it’s just comparing charts and doing math. VC funding round don’t count, and those are much higher risk anyways.
Lowering interest rates (an easing of the markets) correlate with a rise in risk-on assets. Crypto is a risk-on asset. The key indicator to track for risk-ok assets is global liquidity, which is sitting pretty good right now n
For the people that have no clue what it is, that don't know how to do it themselves. It can be overwhelming for some. People that actually take a minute and learn how to do it, you'll see how easy it all is.
