|
06-13-2022, 09:05 PM | #3766 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
|
Quote:
Spoiler: it's changed. NB: it doesn't mean BTC can't go up, but it does mean the strategy of blindly buying dips no matter what and where is much lower risk/reward (or "Sharpe" in market parlance). |
|
Posts: 12,670
|
06-13-2022, 09:22 PM | #3767 |
SuperBowl or bust
Join Date: Dec 2008
Location: BF Iowa
|
The last major crash went from 20k down to like 4k. Rough numbers, not exact.
That shows it lost roughly 80% of its value. If a similar type fall happens from its peak of approx 65k, that means the bottom would happen at 13k, but this is a horrible economy…I’m not sure there are retail investors in numbers to help it bounce from even that level. I’m watching from the sidelines and will likely buy a full bitcoin at 5k if it gets there as well as 10 ethereum at the price at that point, again…if it gets there. |
Posts: 47,405
|
1 0 |
06-13-2022, 09:38 PM | #3768 | |
In Search of a Life
Join Date: Aug 2005
|
Quote:
|
|
Posts: 43,200
|
06-13-2022, 09:39 PM | #3769 |
It's just a ride.
Join Date: Dec 2010
|
no matter how speculative you find btc there is one thing you can always guarantee with it - an insanely high roi after the halving... so roughly 2024.
if you have the stomach for it, it is definitely worth a very slow and methodical dca for a healthy return in the future. |
Posts: 7,628
|
06-17-2022, 09:30 PM | #3770 |
Banned!
Join Date: Sep 2000
Location: NOT Columbia, MO 65201
|
Hope folks are doing well.
|
Posts: 46,727
|
06-18-2022, 03:06 AM | #3771 |
Sapere Aude
Join Date: Jun 2001
|
|
Posts: 78,988
|
06-18-2022, 03:14 AM | #3772 | |
Sapere Aude
Join Date: Jun 2001
|
Quote:
There aren't. This thing isn't going to pop again until retail completely capitulates, and institutions DCA their way in to the bottom - whatever that may be. $1K - $3.5k is my best guess. They're going to knock the legs out from underneath it by going after the stable coins and exchanges. Exchanges will be scared off from selling ICO coin "securities." None of this is accidental. |
|
Posts: 78,988
|
06-18-2022, 06:38 AM | #3773 |
George Brett shit his pants
Join Date: Apr 2006
Location: At the Bellagio
|
Hell yeah
See who has the paper hands now Not me Get low get low |
Posts: 48,403
|
06-18-2022, 07:40 AM | #3774 |
Hung off the Night Train
Join Date: Nov 2013
|
About to go below 19k
I'm buying some every time it drops 1k |
Posts: 16,739
|
1 0 |
06-18-2022, 08:01 AM | #3775 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
How heavy is that bag?!?!?!
|
Posts: 46,069
|
06-18-2022, 04:09 PM | #3776 |
Hung off the Night Train
Join Date: Nov 2013
|
Am I seeing things (I've been drinking) or did it almost drop below 17k for a second?
|
Posts: 16,739
|
06-18-2022, 04:21 PM | #3777 |
George Brett shit his pants
Join Date: Apr 2006
Location: At the Bellagio
|
|
Posts: 48,403
|
06-18-2022, 04:51 PM | #3778 |
Supporter
Join Date: Jun 2013
Location: Compton, CA
|
Loading up on some of the higher capped alts everytime BTC tumbles. These prices are simply too good to pass up.
|
Posts: 1,597
|
06-18-2022, 05:43 PM | #3779 |
George Brett shit his pants
Join Date: Apr 2006
Location: At the Bellagio
|
|
Posts: 48,403
|
06-18-2022, 09:08 PM | #3780 |
Hung off the Night Train
Join Date: Nov 2013
|
Cashed out $121 of free rakeback bitcoin
|
Posts: 16,739
|
|
|