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Started By
Message
When to buy BTC?
Posted on 11/8/22 at 1:32 pm
Posted on 11/8/22 at 1:32 pm
I see its now under $18k, down 14% today.
Should I buy now? Or wait until its in the $3-4k range?
Should I buy now? Or wait until its in the $3-4k range?
15
Posted on 11/8/22 at 1:54 pm to Big_Sur
Well doubt it goes to 3-4k range, I'd purchase a decent chunk at 15k
Posted on 11/8/22 at 2:32 pm to Big_Sur
My buy zone to start scaling in for long term holds.
This post was edited on 11/8/22 at 2:33 pm
Posted on 11/8/22 at 2:37 pm to Big_Sur
The day the Fed slows its tightening pace I’d buy a chunk.
If there’s ever a Fed “pause” I’d buy another chunk.
If the Fed were to actually pivot I’d go all in.
Events unrelated to the Fed that would make me buy a chunk: escalation of conflict in Ukraine, major outbreak of civic unrest in the EU, Chinese invasion of Taiwan, things start popping off in the ME.
If there’s ever a Fed “pause” I’d buy another chunk.
If the Fed were to actually pivot I’d go all in.
Events unrelated to the Fed that would make me buy a chunk: escalation of conflict in Ukraine, major outbreak of civic unrest in the EU, Chinese invasion of Taiwan, things start popping off in the ME.
Posted on 11/8/22 at 2:48 pm to Big_Sur
2012?
Posted on 11/8/22 at 3:24 pm to Big_Sur
Now, continually buy regardless of the price
Posted on 11/8/22 at 7:54 pm to Big_Sur
Guess crypto still has some greater fools left to invest
Posted on 11/8/22 at 8:24 pm to Big_Sur
I'm waiting when it drops to the $12,000 price point.
Posted on 11/8/22 at 8:45 pm to Big_Sur
BTC is garbage
Posted on 11/9/22 at 10:00 am to KillTheGophers
BTC isn't garbage. Have fun staying poor! Time to buy at a discount!
Lolol
Yes obviously crypto is complete garbage.
Lolol
Yes obviously crypto is complete garbage.
This post was edited on 11/9/22 at 10:01 am
Posted on 11/9/22 at 11:08 am to Big_Sur
So have we officially dispelled the myth that BTC is a hedge against inflation and its really more of a high risk equity?
Posted on 11/9/22 at 11:17 am to Drunken Crawfish
Crypto isn't a hedge against inflation.
Crypto doesn't provide anonymity or protection against government seizure.
Crypto isn't uncorrelated with stocks.
Crypto isn't "hard money".
Crypto isn't going to displace the US dollar.
Crypto isn't going to be used as a currency.
Crypto is basically like a chain letter scheme that burns phenomenal amounts of energy for no reason at all.
Crypto attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
Crypto doesn't provide anonymity or protection against government seizure.
Crypto isn't uncorrelated with stocks.
Crypto isn't "hard money".
Crypto isn't going to displace the US dollar.
Crypto isn't going to be used as a currency.
Crypto is basically like a chain letter scheme that burns phenomenal amounts of energy for no reason at all.
Crypto attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
Posted on 11/9/22 at 11:25 am to goodgrin
quote:
I'm waiting when it drops to the $12,000 price point.
Why that exact price point? I mean, what is that based on?
Posted on 11/9/22 at 3:12 pm to Big_Sur
quote:Why do you say Crypto when the thread is about Bitcoin?
Crypto isn't a hedge against inflation.
Crypto doesn't provide anonymity or protection against government seizure.
Crypto isn't uncorrelated with stocks.
Crypto isn't "hard money".
Crypto isn't going to displace the US dollar.
Crypto isn't going to be used as a currency.
Crypto is basically like a chain letter scheme that burns phenomenal amounts of energy for no reason at all.
Crypto attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
Posted on 11/9/22 at 3:19 pm to TigerTatorTots
quote:
Why do you say Crypto when the thread is about Bitcoin?
Does anything in his post change if he specified BTC? Legit asking.
Posted on 11/9/22 at 3:26 pm to Drunken Crawfish
quote:Yes, not all change but the following:
Does anything in his post change if he specified BTC? Legit asking.
quote:If you acquire non KYC bitcoin, it does provide a layer of anonymity. But even moreso, holding your own bitcoin keys (aka not being a damn ratard given what has happened with CEXs), there is literally no way for government to seize it without showing up at your door with a hammer and breaking your legs.
Bitcoin doesn't provide anonymity or protection against government seizure.
quote:This depends on how you define hard money. Bitcoin is backed and secured by the largest decentralized network in the world and cannot be devalued, duplicated, or altered without consensus.
Bitcoin isn't "hard money".
quote:It is currently accepted by thousands of merchants and millions of people on the planet. No it is not going to be the main form of currency for everyone.
Bitcoin isn't going to be used as a currency.
quote:Bitcoin has no governing body, it has not circumvented anything. It is not a security per the SEC chairman.
Bitcoin attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
ETA: Crypto on the other hand, I would agree with most of his statements. There is a difference between the two
This post was edited on 11/9/22 at 3:31 pm
Posted on 11/9/22 at 3:39 pm to TigerTatorTots
Even if it drops 90% it's still not cheap...
Posted on 11/9/22 at 4:45 pm to Big_Sur
What you buying for?
Trade or investment?
If investment, What is the underlying measure for which you can ascertain value?
Trade or investment?
If investment, What is the underlying measure for which you can ascertain value?
Posted on 11/9/22 at 5:24 pm to Big_Sur
Ask yourself, how much do YOU value bitcoin? Why do YOU think it's worth X amount?
FOMO or listening to manipulation by others are some of the worst things you can do with your money.
FOMO or listening to manipulation by others are some of the worst things you can do with your money.
This post was edited on 11/9/22 at 5:26 pm
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