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For those looking to buy bitcoin..where is your entry point?
Posted on 6/18/22 at 5:03 pm
Posted on 6/18/22 at 5:03 pm
And do u buy 1/2 a bitcoin or full?
23
Posted on 6/18/22 at 5:12 pm to Perception
Mine was too high. I bought a ETF with BTC probably holding 40-50% of the ETF weight…..I bought that ETF when BTC was $48k …down from $69k so I’m probably down 50-60% on the ETF…..I couldn’t tell you a good entry. The overall economy and investment environment is in tumultuous times.
Posted on 6/18/22 at 5:13 pm to Perception
Would not invest in it at all, but if I were to, I'd short it...not if, but when it's going to go to zero.
Posted on 6/18/22 at 5:13 pm to Perception
Entry point is whenever price has stabilized for two weeks or more IMO.
Posted on 6/18/22 at 5:15 pm to Perception
No. BTC is headed to Zero. The exchanges are in trouble. It’s all a house of cards that is about to fall.
Posted on 6/18/22 at 5:55 pm to ronricks
quote:
The exchanges are in trouble. It’s all a house of cards that is about to fall.
Which exchanges are in trouble exactly? Be specific.
Posted on 6/18/22 at 5:58 pm to Perception
quote:
where is your entry point
If you are going to get in, take the amount you want to invest and spit it up into 4-6 equal chunks. Inject it Into the market with buy order limits at various levels so you can dollar cost average in and not try to time the bottom.
I personally have an automatic buy set up on Coinbase that buys X amount of dollars every week. Been doing it for years. Also do it on DRIPS for direct stock purchases.
This post was edited on 6/18/22 at 6:01 pm
Posted on 6/18/22 at 6:13 pm to Perception
$9k and I will dip my toe in. $500 on eth
Posted on 6/18/22 at 6:14 pm to DotBling
I'm doing the same thing on Coinbase. Using their card for bitcoin rewards also. I hope it stays down or goes deeper for a bit. Won't change a thing about adoption. The hash rate is higher today than it's ever been. It's not going away. People don't understand what it is.
Posted on 6/18/22 at 6:29 pm to Perception
Doesn't the lowered price also make mining and hashrate also much lower, to the point of low to no profitability? Could bitcoin fail from a lack of data mining if the energy/hardware/rental cost to run scores of dedicated systems starts to be canceled?
Posted on 6/18/22 at 6:29 pm to Perception
Crypto is trash
Posted on 6/18/22 at 6:35 pm to Broadside Bob
quote:
I'd short it...not if, but when it's going to go to zero.
This. When this nonsense ends, very few will have made some money trading these crazy swings, but $0 is the price it eventually goes to.
Posted on 6/18/22 at 6:37 pm to Quidam65
quote:
$3.50
Too high
Posted on 6/18/22 at 6:40 pm to Perception
Fortunes will continue to be made and lost, but make no mistake, as other posters have said, Bitcoin is going to Z-E-R-O.
Try not to be the sucker left holding the bag.
Try not to be the sucker left holding the bag.
Posted on 6/18/22 at 6:45 pm to Perception
Better play the lottery than buy a crypto currency right now….
I agree it’s going to be the future at some point but in what form and etf?
I agree it’s going to be the future at some point but in what form and etf?
Posted on 6/18/22 at 6:46 pm to Captain Rumbeard
quote:
People don't understand what it is.
And they will regret not buying in at the lows
Posted on 6/18/22 at 6:46 pm to Tiger985
quote:
Bitcoin is going to Z-E-R-O.
this always a good chuckle. if anything its going to add another 0 or two before 2030
Posted on 6/18/22 at 6:58 pm to Captain Rumbeard
quote:
It's not going away. People don't understand what it is.
1. Dot coms
2. Mortgage backed securities
3. Tulips
Manic, cult-like ‘investors’, ignoring any traditional methods of valuation, driving prices almost exclusively on emotion and speculation.
But this time it will be different.
Posted on 6/18/22 at 6:59 pm to AMS
quote:
this always a good chuckle. if anything its going to add another 0 or two before 2030
37 trillion, by 2030, for an asset that's backed by nothing, and returns you 0.00% per year.
The entire us stock market is only about 40 trillion.
God damn the dumb is thick with this one.
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