Bitcoin is still early

[xraygoggles]

When the price of bitcoin tumbles I would bet they all do. I think this house of cards is more interwoven then people think.

Unfortunately it is making headway into real businesses and the market would probably suffer too when it collapses. Oh well another good buying opportunity.

Ur right that Bitcoin and alt-coins (so called sh1tcoins) have a very high correlation in both bull/bear markets.

But also, I would think as more and more Big Money (institutions, corporations, endowments etc) buy Bitcoin, it will make it less volatile for obvious reasons, but also will lead to a greater floor than before.

[Panscan]

seems like a bad day for DeFi

[Brains428]

seems like a bad day for BTC and all crypto assets.

[Panscan]

or just the entire market

[CordMcNally]

seems like a bad day for BTC and all crypto assets.

I hope so.

[pierre]

I hope so.

For spite? Or buy?

[CordMcNally]

For spite? Or buy?

Buy. I'm still young so I'm basically a permabear.

[Lordosis]

I wonder how many people are literally surprised that crypto doesn't only go up?

[Brains428]

I wonder how many people are literally surprised that crypto doesn't only go up?

The people who bought BTC for their first time this week?

[Lordosis]

The people who bought BTC for their first time this week?

they might have messy pants

[NapoleanDynamite]

Disappointed to see this was changed to a "crypto thread" from BTC. That was not my intention when I started this thread and it doesn't represent my opinions on BTC.

In the mean time, I have found one thing that BTC doesn't fix. Power and Water. Sucks to live without them for a while when the temperature is sub freezing for a week. Took me back to many of my mission trips, though never with the bitter cold.

Yes, this week has seen another dip in BTC. There was a position that liquidated approx 1 Billion in BTC over the past 2 days which has affected price. Amazing how worried or excited people get for these swings though. Last month, I was encouraging fatlittlepig to buy more after he/she bought at 40K and watched it dip to 30K. In 5 weeks the price basically doubled and now it is down 25% again. If FLP held the original position of 40K (which was an ATH at the time), that buy would still be up about 12% right now in just over a month.

Dollar cost averaging through this bull run is the only way to go, just like we do with the market. Buy the peaks...buy the dips...

In 5-10 years these dips will seem inconsequential. Either way, if you were waiting for a dip to buy, here is your opportunity to start. We breached the 1 Trillion total market cap last week and some time soon (in the next 6-60 months) BTC will overtake Gold's 10-12 Trillion dollar market cap. I would again encourage those of you who have not yet started learning, to start reading/listening/learning and doing some critical thinking for yourself.

[fatlittlepig]

Disappointed to see this was changed to a "crypto thread" from BTC. That was not my intention when I started this thread and it doesn't represent my opinions on BTC.

In the mean time, I have found one thing that BTC doesn't fix. Power and Water. Sucks to live without them for a while when the temperature is sub freezing for a week. Took me back to many of my mission trips, though never with the bitter cold.

Yes, this week has seen another dip in BTC. There was a position that liquidated approx 1 Billion in BTC over the past 2 days which has affected price. Amazing how worried or excited people get for these swings though. Last month, I was encouraging fatlittlepig to buy more after he/she bought at 40K and watched it dip to 30K. In 5 weeks the price basically doubled and now it is down 25% again. If FLP held the original position of 40K (which was an ATH at the time), that buy would still be up about 12% right now in just over a month.

Dollar cost averaging through this bull run is the only way to go, just like we do with the market. Buy the peaks...buy the dips...

In 5-10 years these dips will seem inconsequential. Either way, if you were waiting for a dip to buy, here is your opportunity to start. We breached the 1 Trillion total market cap last week and some time soon (in the next 6-60 months) BTC will overtake Gold's 10-12 Trillion dollar market cap. I would again encourage those of you who have not yet started learning, to start reading/listening/learning and doing some critical thinking for yourself.

i bought bitcoin at 10K, 20K, 30K and 40K.

[Panscan]

good little pig

[Lordosis]

i bought bitcoin at 10K, 20K, 30K and 40K.

Would you buy it at 40K,30K, 20K, and 10K?

How much dip would people tolerate?

[Panscan]

This is no different than S&P or the dow or whatever. I don't think bitcoin is going to collapse and with an ETF on the horizon plus ever increasing institutional money it seems hard to believe it's not going to hit new highs at some point.

Would def still buy at 10k

If you believe in it and what blockchain in general does/accomplishes, I don't see how you would approach it any other way.