BTC topped out at 20K Dec 2017 and bottomed out at 3K Dec 2018. -85% in a years time (high to low).
If 64K is the high for this cycle, BTC is down about 40% right now (39K). If BTC follows suit similar to last cycle, BTC's low will be around 10K.
Then, if BTC follows suit again to triple all-time high in the next bull run, then around 200K sound about right.
So if anyone is just getting started, wait until BTC drops to around 20K, then DCA to 10K, then HOLD until 200K.
BOL
Comment
navyblue81
SBR MVP
11-29-13
4143
#3223
The China news wasn’t good. I expect today to be a complete bloodbath. Selling a lot here but will re-enter at lower price. Today is gonna be ugly. Get ready.
Comment
WireWire
SBR Wise Guy
02-02-21
942
#3224
Originally posted by navyblue81
The China news wasn’t good. I expect today to be a complete bloodbath. Selling a lot here but will re-enter at lower price. Today is gonna be ugly. Get ready.
I don't think its going to be as bad as people think, i really don't, could it get below 30k possibly but if i were a betting guy i would bet it don't. But in reality nobody knows shit soooo.
Comment
SCI
SBR Sharp
12-09-05
423
#3225
Better yet, buy Ethereum at 1K, then DCA down as much as you need to. Then HOLD until 20K.
You may ask: Why not buy it now and hold to 20K?
The answer is
1. You will most likely let emotions get to you when you're down 50% or more (1,500-1,000).
2. 3x more profit.
BOL. Not real advice.
Comment
SCI
SBR Sharp
12-09-05
423
#3226
Originally posted by navyblue81
The China news wasn’t good. I expect today to be a complete bloodbath. Selling a lot here but will re-enter at lower price. Today is gonna be ugly. Get ready.
Most news is just an excuse for the market movers and exchanges to move the market. The movers have a plan and they stick to it. News lets them get the reactions they're looking for.
Most people have this misconception that retail money moves the market, when it reality, most retail money gets sucked out like dust in the wind.
Comment
pimike
BARRELED IN @ SBR!
03-23-08
37139
#3227
If you are pissed you missed the boat then now is the time to jump in. This dip may be the last time you ever see Bitcoin drop as low as it is will right now.
Don’t wait to long...
It’s time and most likely your last time to get as low as it is going to ever get again this time.
I feel it!
Comment
SCI
SBR Sharp
12-09-05
423
#3228
You could be right.
Not a bad time to buy now if you're going to hold for 4-5 years.
I think BTC will hit in the low 20k's again at some point. More like 15-20 IMO. BTC has spent virtually no time in the 20k's. It will test again and spend some time IMO. BTC always retests in parabolic moves.
Originally posted by pimike
If you are pissed you missed the boat then now is the time to jump in. This dip may be the last time you ever see Bitcoin drop as low as it is will right now.
Don’t wait to long...
It’s time and most likely your last time to get as low as it is going to ever get again this time.
I feel it!
Comment
SCI
SBR Sharp
12-09-05
423
#3229
Most people that missed the boat going up, usually DO get another chance when it has gone down, but they're not interested when it's down, only when it's way up. That's why there's a market to begin with. Easy money for the movers and the people who bought lower.
Originally posted by pimike
If you are pissed you missed the boat then now is the time to jump in. This dip may be the last time you ever see Bitcoin drop as low as it is will right now.
Don’t wait to long...
It’s time and most likely your last time to get as low as it is going to ever get again this time.
I feel it!
Comment
asiagambler
SBR Hall of Famer
07-23-17
6831
#3230
BlockFi
Comment
bigtymer56
SBR MVP
07-31-12
4742
#3231
Originally posted by navyblue81
The China news wasn’t good. I expect today to be a complete bloodbath. Selling a lot here but will re-enter at lower price. Today is gonna be ugly. Get ready.
Yawn. Let me guess the news/fud this time. China is going to regulate bitcoin in some way.
Next week India will reban crytos for the 20th time. Then the week after that we'll get a story about the US wanting to regulate/tax crypto more.
Comment
shadymcgrady
SBR Posting Legend
02-27-12
10036
#3232
Originally posted by asiagambler
BlockFi
Blockfi used to double as porn for me, now it's a horror flick
Comment
MrSink
SBR Hall of Famer
12-30-08
8087
#3233
buying into now , chucky
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3234
Originally posted by MrSink
buying into now , chucky
Brave. Good Luck, son.
Where's the fuckin power box, Carol?
Comment
trobin31
SBR Hall of Famer
01-09-14
9853
#3235
Originally posted by trobin31
[ATTACH=CONFIG]91904[/ATTACH]
I warned u a month ago, if you need to exit you will probably get one last chance around 43k
Comment
nyplayer33
Restricted User
09-27-06
8303
#3236
Originally posted by BeatTheJerk
May 2020 9,500
May 2021 39,500
But it was 60k a month ago.....got crackdown coming....who knows where it will go now
Comment
nyplayer33
Restricted User
09-27-06
8303
#3237
Originally posted by SCI
Most people that missed the boat going up, usually DO get another chance when it has gone down, but they're not interested when it's down, only when it's way up. That's why there's a market to begin with. Easy money for the movers and the people who bought lower.
True...does the government crackdown or shutting it down rumors concerning u ?
Comment
navyblue81
SBR MVP
11-29-13
4143
#3238
Wow look at Doge. into the 20s. Yikes.
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3239
What a burial.
Where's the fuckin power box, Carol?
Comment
navyblue81
SBR MVP
11-29-13
4143
#3240
Doge is crashing bad right now. Like to the point where it may not survive today.
Comment
BigJay
SBR MVP
01-14-12
3485
#3241
Officially down more than 50 percent from ATH
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3242
Originally posted by BigJay
Officially down more than 50 percent from ATH
Interesting times. I would have thought it couldn't go below 35k.
Where's the fuckin power box, Carol?
Comment
bigtymer56
SBR MVP
07-31-12
4742
#3243
Mikey and Goat, its your time to shine!!!!
Alts getting eviscerated, right now.
Comment
shadymcgrady
SBR Posting Legend
02-27-12
10036
#3244
Crypto platforms have got to be crashing right now
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3245
Originally posted by bigtymer56
Mikey and Goat, its your time to shine!!!!
Alts getting eviscerated, right now.
Shine...OR...go get my shine-box.
Good Luck to all. This stuff will make your head spin.
Where's the fuckin power box, Carol?
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3246
There's one REAL question in this investing game:
*Where the FK do u put your $$?
I mean, where can u put it and feel good about it? Stock-mkt? Silver/gold?
There are seemingly no ez answers.
Where's the fuckin power box, Carol?
Comment
bigtymer56
SBR MVP
07-31-12
4742
#3247
Originally posted by ChuckyTheGoat
Shine...OR...go get my shine-box.
Good Luck to all. This stuff will make your head spin.
Lol sorry Chucky. I was referring to Goat Milk, he was adamant a crash was coming.
Comment
mjsuax13
Moderator
03-14-15
25022
#3248
Originally posted by shadymcgrady
Crypto platforms have got to be crashing right now
Coinbase is. LOL. Can’t deposit anything. Just says “technical difficulties”
Comment
franklee168
SBR Hall of Famer
03-06-11
5544
#3249
Originally posted by ChuckyTheGoat
There's one REAL question in this investing game:
*Where the FK do u put your $$?
I mean, where can u put it and feel good about it? Stock-mkt? Silver/gold?
There are seemingly no ez answers.
Glad I've got cash under my mattress.
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3250
Originally posted by bigtymer56
Lol sorry Chucky. I was referring to Goat Milk, he was adamant a crash was coming.
As of right now...I'd say he's right!
Where's the fuckin power box, Carol?
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3251
Originally posted by franklee168
Glad I've got cash under my mattress.
Frank, compound-interest used to move at a glacial pace. Now, it moves likes a speed-ball!
Where's the fuckin power box, Carol?
Comment
navyblue81
SBR MVP
11-29-13
4143
#3252
Might be opportunities today to buy/sell and do rapid trading. Gonna be volatile as hell. Just did a quick buy on Doge at 25 and sold at 35. Gonna wait for the next big drop and buy again.
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3253
If anyone bought in at $30,066...I commend you. You have balls the size of a house.
Where's the fuckin power box, Carol?
Comment
ChuckyTheGoat
BARRELED IN @ SBR!
04-04-11
37034
#3254
Originally posted by navyblue81
Might be opportunities today to buy/sell and do rapid trading. Gonna be volatile as hell. Just did a quick buy on Doge at 25 and sold at 35. Gonna wait for the next big drop and buy again.
As part of the Goat Family, I wish u luck.
Where's the fuckin power box, Carol?
Comment
bigtymer56
SBR MVP
07-31-12
4742
#3255
Cant even buy. Most sites are crashing at the moment.