1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[The Mad Titan]

These are untested waters.

be safe.

Don't play with rent money.

I got antsy and literally lost out on almost 50k plus at this point by moving my money around right before the run started and thinking that the bull run of bitcoin wouldn't be like this, same with eth.

The dumb part is I held them for years up until maybe a month and a half ago.

 

[Peter Popoff]

How much is a stock in this?

 

[((ReFleXioN)) EteRNaL]

fukk it. Had 500 to spend and I dropped it on ETH for now. Don't wanna get back into the day time trading but I am trying to get quick short term gains here. I'm gonna do my due diligence on my own. But do you guys think I shoulda put that 500 elsewhere right now?

 

[calixprynce]

fukk it. Had 500 to spend and I dropped it on ETH for now. Don't wanna get back into the day time trading but I am trying to get quick short term gains here. I'm gonna do my due diligence on my own. But do you guys think I shoulda put that 500 elsewhere right now?

i'd say eth .

 

[the bossman]

I fukked up thinking it was gonna dip low again and I finally broke even so I said fukk it.

Take heed. BTC should be a long term hold.

This for those who think "oh man!! BTC is 30k. I'll just sell my BTC now and buy back later because I think it'll do another massive drop to 3k."

This is not like the 2017 market. You will most likely get rekt

If you want to trade and take profits on quick flips then do that with altcoins

 

[NaijaProdigy Redux]

People still on the sideline because they think prices are too high, a year from now, are going to be like "why didnt I buy ?"

 

[The Mad Titan]

People still on the sideline because they think prices are too high, a year from now, are going to be like "why didnt I buy ?"

People always get like this when the market is up, but at some point the market is going to drop, it might not be like it was last time but it will drop, it's been what almost 2 years since bitcoin last really ran like this... Unless people A) got extra cash and B) are in it for the long run. I wouldn't suggest buying now. Especially when we know a bear market is coming after this, and they can invest then.

This thread always gets popular when there's a spike, but is dead silence during the red and bear market.


If you thinking of investing for a long term hold now probably isn't the time to do that with bitcoin, and everything is a toss up but should be solid.


imo it's not a good entry point unless you looking to flip a quick amount of money, at which point you should probably just go to the casino.

 

[Formerly Black Trash]

Damn should have bought etherieum earlier this year

 

[the bossman]

but at some point the market is going to drop, it might not be like it was last time but it will drop

If you thinking of investing for a long term hold now probably isn't the time to do that with bitcoin, and everything is a toss up but should be solid.

imo it's not a good entry point unless you looking to flip a quick amount of money, at which point you should probably just go to the casino.

so if BTC goes up to 200k and retraces back to 50k, then is the time to buy in?

Or you can just buy today instead of worrying about timing the market (which virtually no one can do) missing out on golden opportunity.

 

[Formerly Black Trash]

so if BTC goes up to 200k and retraces back to 50k, then is the time to buy in?

Or you can just buy today instead of missing out on golden opportunity.

I get what they're saying

If you got cash like that yeah buy now

Otherwise get the cheaper shyt that might have an uptick

 

[NaijaProdigy Redux]

People always get like this when the market is up, but at some point the market is going to drop, it might not be like it was last time but it will drop, it's been what almost 2 years since bitcoin last really ran like this... Unless people A) got extra cash and B) are in it for the long run. I wouldn't suggest buying now. Especially when we know a bear market is coming after this, and they can invest then.

This thread always gets popular when there's a spike, but is dead silence during the red and bear market.


If you thinking of investing for a long term hold now probably isn't the time to do that with bitcoin, and everything is a toss up but should be solid.


imo it's not a good entry point unless you looking to flip a quick amount of money, at which point you should probably just go to the casino.

I've been accumulating in bear and bull markets

The ATH for BTC in 2017 is now an after thought.

As long as you invest what you're comfortable losing and have some reasonable time horizon, have at it

 

[The Mad Titan]

so if BTC goes up to 200k and retraces back to 50k, then is the time to buy in?

Or you can just buy today instead of worrying about timing the market (which virtually no one can do) missing out on golden opportunity.

And if you don't have cash like that now but FOMO and bitcoin drops down to 20k again for bit then what?

Again if you got extra cash to spare and are in for the long run then that makes sense. But most people posting in here are talking about throwing a couple g's at bitcoin at best.

Nothing wrong with buying X amount piece by piece with what you can afford I just caution against FOMO'n in and then losing cash you need trying to make a quick but in a bull market.

Text book way to lose your cash.

Ask me about it.

 

[Hiphoplives4eva]

Damn should have bought etherieum earlier this year

Its January 3rd though

 

[the bossman]

But most people posting in here are talking about throwing a couple g's at bitcoin at best.

Nothing wrong with buying X amount piece by piece with what you can afford I just caution against FOMO'n in and then losing cash you need trying to make a quick but in a bull market.

Text book way to lose your cash.

Ask me about it.

Like I told the other breh. I rather have a "couple g's" worth of bitcoin knowing where this thing is headed in the next 5 years than not at all.

And you only lose cash if you sell. Even people who bought the top in 2017 and never sold are in profit today

 

[The Mad Titan]

Like I told the other breh. I rather have a "couple g's" worth of bitcoin knowing where this thing is headed in the next 5 years than not at all.

And you only lose cash if you sell. Even people who bought the top in 2017 and never sold are in profit today

I think we are pretty much saying the same thing then. If you are going to hold it probably doesn't matter when you buy as long as you buy before 50k, but buying now probably isn't the best time if you are trying to maximize profits from entry.

And if you aren't going to hold then now probably isn't a best time, unless you trying to make a very quick flip at which point just go to the casino is all I'm saying.