BLNR or Bitcoin?

[Etschell]

Originally Posted by Doc Savage

For sure. I'm just itching to buy the dip. Usually, I start buying too early.

Well miscrostrategy and square bought more at 52k and 51k respectively.

I did some more at 45.6 and 49.

[interestedwatcher]

Good time to buy, maybe.

[Doc Savage]

Originally Posted by Etschell

Well miscrostrategy and square bought more at 52k and 51k respectively.

I did some more at 45.6 and 49.

I grabbed some more yesterday on the further dip. I'm feeling pretty good about next week.

[HarryLime]

Love DCAing through these dips.

[Mifune]

Originally Posted by HarryLime

Love DCAing through these dips.

DCAOADB (on a daily basis)

Lately (last couple months) my Cardano (ADA) has acted as Hedge against the rest of the market... it's been wonderful.

[HarryLime]

Originally Posted by Mifune

DCAOADB (on a daily basis)

Same buddy, Swan is killing the game right now.

[CharlieWex]

Only Bitcoin, only up!

[gtnator]

After Bitcoin finishes its 1 yr up cycle per every 4th year this Oct, it may be higher for sure. But my question is after Oct, and over the following 12 months how low will it go? Back to 40k? 20k?


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[SPMN]

Originally Posted by gtnator

After Bitcoin finishes its 1 yr up cycle per every 4th year this Oct, it may be higher for sure. But my question is after Oct, and over the following 12 months how low will it go? Back to 40k? 20k?


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It’s just impossible to say. I guess it’ll depend on how high it goes, but I’m cautiously optimistic that much of the recent increase has been due to institutional, and not retail demand. See Coinbase’s disclosures. That would be a first for the Bitcoin market and we’d be in untested waters.

[huncho]

Originally Posted by gtnator

After Bitcoin finishes its 1 yr up cycle per every 4th year this Oct, it may be higher for sure. But my question is after Oct, and over the following 12 months how low will it go? Back to 40k? 20k?


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there's no point even attempting to predict how low it could go after this bull run. the past cycles can't be looked into too much when there are institutions buying the dips at 50k. 2017 was pretty much entirely due to retailers fomoing and 4 years before that no one even knew about bitcoin and it had no adoption, it was also ridiculously hard to buy. besides that we've never had the fed injecting money like they are now so this cycle is really a one off at this point

[gtnator]

Originally Posted by huncho

there's no point even attempting to predict how low it could go after this bull run. the past cycles can't be looked into too much when there are institutions buying the dips at 50k. 2017 was pretty much entirely due to retailers fomoing and 4 years before that no one even knew about bitcoin and it had no adoption, it was also ridiculously hard to buy. besides that we've never had the fed injecting money like they are now so this cycle is really a one off at this point

Have you looked in detail at the 4yr cycle charts? This cycle is currently behaving the exact same. Maybe it’ll disconnect from history because of institutions, maybe not.


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[Gab27]

Originally Posted by gtnator

Have you looked in detail at the 4yr cycle charts? This cycle is currently behaving the exact same. Maybe it’ll disconnect from history because of institutions, maybe not.


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I've been curious myself about how institutional investment will impact this, as well as what the scene might be like a year from now if we see major companies beginning to accept Bitcoin as payment for goods and services.

[Biscuit]

BLNR for the moment and BTC for the future.

[huncho]

Originally Posted by gtnator

Have you looked in detail at the 4yr cycle charts? This cycle is currently behaving the exact same. Maybe it’ll disconnect from history because of institutions, maybe not.


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yeah i know about it but i don't believe that it's gonna drop 80% this time like all the other times or that it should be read into too much with how different everything is this past year. and i know people were saying "it was different" in 2017 but it really wasn't. there was minimal mainstream adoption and just a lot of fomo, it was never stable as it just went parabolic for 3-4 months with no pullbacks, and wall street was still calling it a scam, but in the end no one can really predict anything when it comes to this so it's just my personal opinion

[EEpro]

Originally Posted by huncho

it was also ridiculously hard to buy

Exactly. In 2011 I wanted to invest in either silver or Bitcoin. The idea of mailing a $10,000 cashiers check to an address in New York was a little intimidating. Of course had I gone through with it I'd be sipping a mimosa on a yacht in Miami.

The silver did pretty good at first at least.

[huncho]

Originally Posted by EEpro

Exactly. In 2011 I wanted to invest in either silver or Bitcoin. The idea of mailing a $10,000 cashiers check to an address in New York was a little intimidating. Of course had I gone through with it I'd be sipping a mimosa on a yacht in Miami.

The silver did pretty good at first at least.

yeah exactly, you had to go through hoops just to buy it on some super shady exchange. but on the bright side you probably wouldve sold it long ago for decent (at the time) gains

[huncho]

we finally have some movement

[Doc Savage]

Originally Posted by huncho

yeah i know about it but i don't believe that it's gonna drop 80% this time like all the other times or that it should be read into too much with how different everything is this past year. and i know people were saying "it was different" in 2017 but it really wasn't. there was minimal mainstream adoption and just a lot of fomo, it was never stable as it just went parabolic for 3-4 months with no pullbacks, and wall street was still calling it a scam, but in the end no one can really predict anything when it comes to this so it's just my personal opinion

This.

Combine that with the current ease of purchasing/being exposed to Bitcoin, whether through a broker, an ETF, or PayPal, and I think we can confidently say it is probably different this time.

At the same time, I am not suggesting we won't see a large pullback. However, if we do see one, I don't think we will sit for 3 years before a recovery to new highs happens.

[RBradleigh]

HODL

[interestedwatcher]

60k USD. Amazing.

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[EEpro]

The thread will soon have to be renamed "Bitcoin or Platona"

[Galaga167]

Bitcoin will hit at least $500k by 2030.

[Galaga167]

Originally Posted by shapiroeric

IMO neither are investments....total speculation....I would rather have a watch than 2 Bitcoin.....As Kevin O'Leary said....it's all cryptocrap....

Still hold those thoughts ?

[huncho]

Originally Posted by Galaga167

Still hold those thoughts ?

funny thing is kevin o'leary reversed his opinion and invested 3% of his portfolio into bitcoin

[egri]

If it had to be one of those two, the watch. At least when the bubble bursts I'll have a way to tell time. If I could pick anything though, an S&P 500 index fund. I can deal with losses there, and if the S&P really tanks, investment returns will be the least of my problems.

[RBradleigh]

Originally Posted by EEpro

The thread will soon have to be renamed "Bitcoin or Platona"

Platona just a watch. I’ll happily take the BTC and settle for a 116500

[Etschell]

oh look. bitcoin is back at all time highs. i guess the poll should be bitcoin or SS ceramic daytona

[Hard_Six]

Dogecoin ripping nicely as well

[Etschell]

Originally Posted by Hard_Six

Dogecoin ripping nicely as well

the top 10 altcoins in 2017 are down an average of 85% compared to bitcoin today. let that sink in for a moment.

[Hard_Six]

Originally Posted by Etschell

the top 10 altcoins in 2017 are down an average of 85% compared to bitcoin today. let that sink in for a moment.

I hear you. But I'm no Bitcoin bear. Quite the opposite. Bitcoin is my largest crypto holding (followed by ETH) and I DCA into both frequently. If Elon wants to joke around and drive up Doge though, I'd rather be on the train than in front of it.