been doing dollar-cost averaging buys for a few years, never put in more than I wasn't afraid to lose, hundred here, couple hundred there.. Now I am over a whole coiner. Fiat is dying. Silver is the next rocket ship, if the comex will finally break after decades of manipulation
Nice. Every time BTC skyrockets, all my friends and and coworkers tell me I should sell, and when it crashes they all say I should've sold. I've had them tell me I should sell to offset the cost of buying a house, and tell me I should transfer it into stocks now that I've made tenfold. I keep telling them that I'm not selling it until I'm ready for retirement.
It's amazing that people put so much value on a currency that is absolutely worthless without technological infrastructure. If networks and power go down, you're fucked.
[ - ] Had 1 point 1 monthMar 8, 2024 19:58:03 ago (+1/-0)
Imagine society without those things. It is fucked as well. As much as we might hate it, technology is now a necessity. Society would break down without it.
And I told people this would happen and it's not over yet. I told people this would happen back when it was $15,000. How is predictable as mathematical cycles are. How is a simple case of supply and demand as demand was going up and supply was going to be cut in half in April as it is every 4 years.
If you tell people that more people are going to have more money but they're going to be half as many steakes in 4 years everybody is going to tell you that the price of steak meat is going to go up.
But if you tell them the exact same thing with Bitcoin they seem to not get it and think somehow it's going to defy the logic of supply and demand and it's all going to crash to zero. That same zero they've been saying was going to happen for 15 years. Meanwhile the Jews in front of the biggest banks tell you not to bond Bitcoin while they secretly are stashing as much as they possibly can.
It is unusual that we have had all time highs before the halving has taken place.
I think the fear and greed index has been thrown off by the ETF approval. Remember how that's calculated. Look into it if you don't know. It's a marker that's worked for many years because the consumer buyer was its main focus but now that the ETFs are in place and there was so much media coverage about the ETFs it has distorted the fear and greed index I believe.
However with the ETF money that is likely to create huge inertia in the market both up and down we are really in new territories in the old guideposts are going to be challenged like they never have before.
But here's what we do know and it's simple. There is now a whole lot more money chasing Bitcoin than there was a year ago or in the whole 15 years of its life. And just as every 4 years the new supply of Bitcoin is going to be cut in half in april. So all the other nonsense doesn't really matter because you have more money chasing less goods.
[ + ] clymer
[ - ] clymer 3 points 1 monthMar 8, 2024 19:41:40 ago (+3/-0)
[ + ] MayhemInChief
[ - ] MayhemInChief 0 points 1 monthMar 9, 2024 15:30:58 ago (+0/-0)
[ + ] oyveyo
[ - ] oyveyo 2 points 1 monthMar 8, 2024 18:47:09 ago (+3/-1)
[ + ] v0atmage
[ - ] v0atmage 2 points 1 monthMar 8, 2024 19:43:26 ago (+2/-0)
[ + ] Sector2
[ - ] Sector2 1 point 1 monthMar 9, 2024 02:21:07 ago (+1/-0)
[ + ] Had
[ - ] Had 1 point 1 monthMar 8, 2024 19:58:03 ago (+1/-0)
[ + ] Monica
[ - ] Monica 0 points 1 monthMar 8, 2024 23:56:56 ago (+0/-0)
[ + ] Sector2
[ - ] Sector2 0 points 1 monthMar 9, 2024 02:24:30 ago (+0/-0)
[ + ] Freespeechplease
[ - ] Freespeechplease 0 points 1 monthMar 9, 2024 03:22:49 ago (+0/-0)
[ + ] Sector2
[ - ] Sector2 0 points 1 monthMar 9, 2024 04:40:07 ago (+0/-0)
[ + ] Zyklonbeekeeper
[ - ] Zyklonbeekeeper 1 point 1 monthMar 8, 2024 18:16:43 ago (+1/-0)
[ + ] Crackinjokes
[ - ] Crackinjokes 0 points 1 monthMar 9, 2024 06:46:42 ago (+0/-0)
If you tell people that more people are going to have more money but they're going to be half as many steakes in 4 years everybody is going to tell you that the price of steak meat is going to go up.
But if you tell them the exact same thing with Bitcoin they seem to not get it and think somehow it's going to defy the logic of supply and demand and it's all going to crash to zero. That same zero they've been saying was going to happen for 15 years. Meanwhile the Jews in front of the biggest banks tell you not to bond Bitcoin while they secretly are stashing as much as they possibly can.
[ + ] osomperne
[ - ] osomperne 0 points 1 monthMar 9, 2024 06:03:05 ago (+0/-0)
[ + ] Antropomorphic
[ - ] Antropomorphic 0 points 1 monthMar 9, 2024 02:44:52 ago (+0/-0)
[ + ] Sector2
[ - ] Sector2 0 points 1 monthMar 9, 2024 02:27:35 ago (+0/-0)
If you have spare money, help the speculators cash out at $68K.
[ + ] AnonymousLex
[ - ] AnonymousLex 0 points 1 monthMar 8, 2024 20:32:12 ago (+0/-0)
[ + ] v0atmage
[ - ] v0atmage 0 points 1 monthMar 8, 2024 18:03:23 ago (+0/-0)
However, the ethereum ETFs aren't even approved yet so there is upside potential in the near future.
[ + ] Crackinjokes
[ - ] Crackinjokes 0 points 1 monthMar 9, 2024 06:50:48 ago (+0/-0)
I think the fear and greed index has been thrown off by the ETF approval. Remember how that's calculated. Look into it if you don't know. It's a marker that's worked for many years because the consumer buyer was its main focus but now that the ETFs are in place and there was so much media coverage about the ETFs it has distorted the fear and greed index I believe.
However with the ETF money that is likely to create huge inertia in the market both up and down we are really in new territories in the old guideposts are going to be challenged like they never have before.
But here's what we do know and it's simple. There is now a whole lot more money chasing Bitcoin than there was a year ago or in the whole 15 years of its life. And just as every 4 years the new supply of Bitcoin is going to be cut in half in april. So all the other nonsense doesn't really matter because you have more money chasing less goods.