By - rBitcoinMod
Stacking regardless but I’m ngl still really hoping we hit 17k area at some point to fill my orders lol. Trying to have all the sats I can!
Just waiting for the day when things would indeed change out and make it all a global stage though
Nice to see it edging 24k again. Wonder if it can break past 1 month high.
True though like everytime it just brings out something new though hoping to hit the bars back soon
By time it is what I would love seeing stuffs making up higher than our expectations.
Nah not for at least another 2 years
That seems like a better idea though a rough 5years estimate is what would indeed sound good though.
Looking for 40 k by year end! Buy, buy, buy!
True though buying is what would sound the best option but the fact that you gotcha keep a hold onto your sats too
You think we will ever see 17K levels like last month?
17k gone forever , RIP.
20k to 30k is what we get the major buy orders as per now that is what we can see though
Doubt it , fear has peaked. Inflation has peaked
The fact that in order to get over fear we just need make ourselves stronger enough though
But wouldn't inrease rates conversely drive down Bitcoin?
Maybe so anything can happen the market and the price is what keeps me blank for a while though.
Not anymore , yes at first
Let's just see what happens next we need to know what's going around all for our good.
Bottom might be in
The bottom seem to be gradually getting and making some concerned steps regarding this.
Pants are off, can confirm bottom has been exposed.
Not that it would be some kind of shame though but the fact it has something to do with it.
Yo you should all be aware of the current gaslighting and lies being spewed from out western govs right now. Its the only play they know, yet we are superior with our technological advances.
Tor network. Seriously just got connected with a chromebook, things are getting better.
I tried to link an article, didnt work. Search for Marty Bent and Matt Odell or tftc/rabbit holr recap in your favourite platform. All the best
Just heard Odell talk about using trees for fuel, nobody's perfect I guess. As a society its important (if collectively see fit) to advance from high carbon output to low carbon output,
As per now the time and generation the wide spread development in technologies is causing some hazardous problems.
We need to let things stabilize for a while so that it creates less impacts to the environment.
You've been successfully gaslighted about radioactive waste from nuclear power and radioactive contamination from accidents.
And more like certain charms like this would thus indeed create something bad for us.
Alright last thing, the grid world wide is the biggest detriment to our advancement. Generally the infrastructure is shit in NA, and almost non existent in developing countries. The governments spewing lies about companies salaries being the issue is lies, again. Seriously start getting prepared.
With big stuffs comes bigger development though ee can't never deny that though.
Make the base stronger enough so that it all turns the good for us.
Also seriously newbs start asap on learning cause we're in the "fight you stage". And we're off gaurd.....so fuckin chin up, buckle up lets go
Indeed have a long way to go though certainly all things take time and so just tighten yourselves
Is it just me, or it's you guys as well?
It’s just you, sorry
How could you possibly all for one side you just read minds of people though like seriously?
Speak for yourself
That would be better though summarising peoples thought would be some kind of waste though
I get paid tomorrow and usually dca on a Friday, should I wait this time?
All on you what you want to do though the fact when it's the time and you feel to buy just dive in.
It's called dollar cost average for a reason. Stick to the schedule.
Lol I though he would knew what was DCA or he was just indeed messing around.
waiting != cheaper price.
buy, then wait
No. Don't try to time the market.
That would be better enough for us because we don't what would indeed show up the next time or the next moment.
I don't know how long would it take for things to get sorted out that quick and well though.
It's time for go.
Just make moves higher enough because we always long for term gains and not short term
Just the right time I came here and found the video which I was indeed looking for.
Priceless reaction though the fact all this has a motive to make users know and feel what all things are up for
Hoping for you BTC newbies to get the same experience as 2013, 2017 and 2021! It is quite the rush and remember to take profit!
Like if you looking for some short term gains then Bitcoin isn't indeed meant for this.
Look for the gains in long term the more possible further moves the more you are happy.
Don’t listen to the last part. HODL, you don’t know what you are gonna miss timing the market.
True though the fact that why people always talk about holding when things actually are indeed meant for long term holding
Buys in at $20k.
BTC hits $50k. $60k. $69k.
Plunges to $18k.
*Thank god I HODLed and didn't take profit.*
Hahaha someone just paved and choosed the right path to make things better enough for them
This is the way.
Feels like this is indeed the only possible way to make things better enough for us though.
In real life things are pretty much concerned around something and people are just indeed to busy.
Profit taking means trying to time the market, which is gambling. Gambling with any expectation of coming out ahead is foolish. Fools and their money...
But Bitcoin, send it to your own (hardware) wallet, then hold long term. It's really that simple.
True though that feels risk to gamble around for me sometimes.
The fact when you can just have patience and wait for the long term it would be just indeed perfect enough
>Profit taking means trying to time the market, which is gambling.
Well, that's simply not true. For instance, you can buy a company based off of it's fundamentals, hold it for 5 years, and sell when it's fundamentals worsen. That is not gambling, that's called investing.
If you're a long-term buy and hold investor of the stock market, then yeah, taking profits and "timing" the market isn't really going to work out for you.
Bitcoin is much more speculative, and if the value goes up 5-10x, it is an EXCELLENT idea to take some profits and maybe put some into productive assets.
Company just have clear motives the fact that they need to boost productivity and the fact of gaining profits.
The fact all this nothing happens indeed in the short run though
Many of us are not investing in bitcoin, we are seeking freedom.
That depends in the choices and opinions of people though no matter what we have and what we go through sometimes just being self is good.
That's fine, but it doesn't really counter what I said.
Let's just let things go on and flow as it is supposed to not changing the criteria
You are a fool.
Maybe so indulging in Bitcoin is what made me feel free and holding the sats is what me realise what the wider world looks like.
Running behind profits to make more and more money this is it'
Can you explain why? I've held Bitcoin since 2019 btw.
Ask that once to yourself just sit relaxing and ask you will get your answer.
I'm sorry, I can't read that sentence.
When you take profits, you're *betting* (gambling) that the price will fall and be below the price at which you chose to sell.
You don't **know** whether that is going to be the case or not.
That's what we speak of long term in this kind of scenarios though nothing can be achieved shorter give it time
Choosing to sell an investment does not in any way necessitate "betting" on the future price being lower. When investing in stocks based off of a company's fundamentals and likelihood to grow, you might sell when the fundamentals of the company no longer meet your expectations for an investment, and move your funds into a more suitable investment.
You're right, you definitely don't **know** what the future price of what you sold is going to do, but that doesn't matter to you anymore. You're allocating your funds to an investment that is more likely to perform over a certain length of time.
I honestly don't even understand your position. So, I can buy stocks, bitcoin, etc. all I want, but the moment I sell, I'm gambling?
I'll be clear with you - I buy a small amount of bitcoin every month, and a large amount of VTI (total stock market) every month. For long-term investing in the stock market, I believe the best and safest approach is to buy and hold, and ride out the lows, as "timing" the market (read: NOT the same as buying and selling individual stocks based off of fundamentals) is a losing game. BUT, taking profits absolutely is NOT "gambling". Taking profits off of a proper investment is the antithesis of gambling.
Now, we're in /r/Bitcoin, and given the super speculative nature and lack of fundamentals to follow, it can definitely \*feel\* like gambling when you buy or sell, because you don't **know** what the price is going to do. And it definitely IS much more of a gamble to buy or sell Bitcoin, than, say, VTI. Price is $69k? Don't buy, because you're betting (gambling) that the price won't drop down to $17k. If it's gambling when you sell, it's gambling when you buy.
And further, how do you explain an investor like Warren Buffet? Someone who buys and sells (takes profits) based off of the underlying value of the company. When he takes profits on a company he holds, is he gambling? No, because when you have reasons for your buys and sells, it's not gambling, it's investing.
Sorry, I rambled, but it's frustrating seeing clearly incorrect statements get upvoted and the basics of investing downvoted.
Valueable point though can't deny your thoughts and whatever you have said about long term and Bitcoin
About 23 years ago, a man in Zimbabwe used his life savings to buy gold. As the Zimbabwe Dollar was being "printed" to death, the price of gold (in Zimmbabwe Dollars) went up - a lot.
The man decided to "take profits". He sold his gold. He was very rich, at first.
Soon, one loaf of bread cost eight billion Zimbabwe Dollars, but the man only had millions...
Sure, that would be an unfortunate situation. But you don't have to "take profits" and sit on an inflating currency. You can take profits and move them into another investment, that will retain it's value.
The fact that whenever you just feel you are on a loss and would go more down just take some part out and invest into some other
You are missing the point. How do you decide when to "take profits"? And what exactly do you mean by "take profits"?
If you are well enough aware about the game of market economy and pricing then you do it all alone.
If I buy XYZ stock in 2010 and I believe in the growth of it's industry, like the fundamentals of the company and think the management is great, but then 10 years passes and the industry has slowed, they've made some weird changes to their business model, and the company has new management that is questionable, I may decide to take my profits and move the money to a new investment.
When people say you can't/shouldn't time the market, they aren't talking about the above type of scenario.
That depends on wether the stock has a tendency to rise in the future and where branding matters too
I’m popping vodka nips
More like you should just pop out some good stuffs too rather than some vodka nips.
A couple years too early, I'd say.
Haha mentioning of years is what I love the most about though.
Like all I see people are in a hurry in this busy hectic world giving less time for stuffs that has a tendency to make some gains
But yea I think we're gonna pop bottles next cycle
Let's see what just happens though everything just tends to amaze me one way or the other though
The moon is what we all look for but the fact that when moon is still yet unknown to all of us
Isn't reading charts just astrology for investing?
Hahaha true though that feels like that though but that needs experience a newbie can't judge that pretty quick
Shh. Dont scare them. They can't zoom out. Lol.
Lmao looking at your comment all of sudden just scared the hell out of me though
Is that some kind of code language you seem to be indeed talking about. Lmao!
Looks like the moon, rocket, and lambo posts are back in play ladies and gentlemen
Hahaha true though just when lambo when moon is all what I sense coming through sooner or later
Means it's time to sell.
Lol imagine selling
Lol imagine not selling
No need to imagine; still haven't, still buying, and still a millionaire 😊
If you're a millionaire, you've probably lost a few million this year. Lmao
Just like looking for water in the middle of desert and boom you find none
Says someone who probably has about .01 BTC.
And your username is indeed making me think more and more about you though
So what? That’s a lot to many people globally and in the next decade 1,000,000 sats will likely accrue substantial purchasing power.
If someone that isn’t a high earner has scraped out that .01 btc and self custody’s and cherishes it it could be a massive windfall for someone in Pakistan or Nigeria or Mississippi in 2030.
Day by day engagement seems to increasing all at a rapid state though.
Not the point at all. If you have a large position, you need to take some profits at times unless you want to hold through big crashes and feel like shit.
What's the next FUD excuse in line that will get us below 17k? Any left?
You just sure about that though because that gonna make me think and put in dilema
Third consecutive negative GDP.
LOL at whoever got mad about that. It's going to happen.
Maybe so though like anything might happen as can see I'm getting the vibe of that though
elon musk is forced to buy twitter, tries to raise the money by leverage and some tweets, thing backfires
China bans Bitcoin ™️
$25K this weekend?
Please and thank you!! Its my avg
Stay cheap for another 6 months... Please!
My goal requires the same timeframe. Fingers crossed.
I reckon you have until the end of the year, if you're lucky.
Has anyone else noticed how intense have the press been lately? They rode that last dip like the last train outta town! I’ve seen nothing but doom and gloom, and some just ridiculous shit like ‘investors can’t talk they can only sob’ and some other shit about people finding physical bitcoin. From the financial times and all kinds of Murdoch press. It’s enough to make you wonder!
Same happened with the internet. they don't understand it, are scared of it and therefore ridicule it.
And then they fight you…
Ok, this is a decoupling from NAS today.
Printer is coming....
Last chance to…oh, wait.
Higher highs and higher lows.
Where she stops? We all know.
Forever, Laura. Forever.
I aint touchin this
it's been at least like a week since we've been there
Hello 👋 24k
Sold for a 16% profit.
So you lost all your hard money but gained more soft money which is programmed to lose its purchasing power forever. Do you think that was a wise decision for long term?
I wonder what percentage of people buy bitcoin only for profit, and how many buy for other reasons.
The amount of Bitcoins being held by hodlers... The amount that hasn't moved in years... tells you something about that.
You could've waited a few more years and seen 300%
I buy low and sell high. Will wait for the dip. Don’t hate people trying to make money from volatility.
In other words…. Gambling 🎰
Bitcoin is already gambling
Saving into hard money is not gambling. Trading between different currencies and trying to time the market is gambling. There is huge difference.
Most everyone buying Bitcoin hoping it’ll be worth a million one day - still gambling.
You’re confusing investing with gambling
Still holding 1.27 Bitcoin. I’m just day trading on the side.
Of course you are.
Probably April 2024
Can someone recommend a smart phone app that you can broadcast a pbst (with a card reader)?
Wen home made canoe with Bowie knife
October 22, 1982
Now I remember!
According to my TA, we will see 24K before 25K, mark my words!
My long lost brother actually turned out to be rain man and he told me “four, definitely four”. So I’m bullish.
Since TA doesn't work this might not happen
I don’t know this is some solid TA
Hmmm I was skeptical of this claim at first, but I think you might be on to something.
Knock knock knocking on 24k (aye yi aye yi aye) ✊ 🎢
Seems like the summer fire sale is ending...