1. #7561
    raiders72001
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    Quote Originally Posted by bigtymer56 View Post
    Seems like its pretty common knowledge now (at least for ppl in crypto) that bull markets happen after the halving, so more people are going to buy ahead of it in anticipation. That would be my guess.
    It's true that the major run occurs after the halving but you can't go wrong buying a year in advance. The 2016 halving happened July 9, 2016. The price was $660. A year prior, July 9, 2015 it was $420.

    2020 a tad different since there were more ups and downs but jumping in any time a year before the halving to halving can add to profits.

    I wasn't around prior to the 2012 halving but jumped in early 2013.
    Last edited by raiders72001; 01-11-23 at 12:19 AM.

  2. #7562
    raiders72001
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    Quote Originally Posted by Legions36 View Post
    I'm feeling the same way as you. Sure of what I know but this bear market is the hardest to figure out so far out of all of them. I used to be confident around the bottoms but this one I have no clue this time, my instincts usually kick in but not this time yet. GL I hope your doing good.
    Gl to you too. I'm not really doing much right now. Just looking around trying to figure out the next tokens with 100x possibilities.

  3. #7563
    homie1975
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    Right now on the heels of the FTX disaster, the term "bull market" and crypto or bitcoin just do not go together.

    Not right now and very likely not for at least 6 to 9 more mos, perhaps longer.

  4. #7564
    ChuckyTheGoat
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    Quote Originally Posted by raiders72001 View Post
    It's really surprises me that everyone doesn't take halving into consideration. Most institutions invested at an awful time and these guys are brilliant. MicroStrategy is down about 30% with their total BTC purchases. When you throw $1b in long term it really doesn't matter.
    Raider, I went back and watched the halving info. The trend appears to be that the price BOTTOMS one year b4 the halving. If true, the price would trough around 3/24/2023.

    Raider, I'm convinced we're seeing history. I call this a 1st-semester economics problem. As the money printing continues, BTC price has to go up as an inflation-hedge.

    The recent tick up of +8% has me very optimistic. I really think we're witnessing history.

  5. #7565
    homie1975
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    Chucker,
    History?
    Please explain.

  6. #7566
    ChuckyTheGoat
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    Quote Originally Posted by homie1975 View Post
    Chucker,
    History?
    Please explain.
    Maybe my comment is being overly dramatic. Just ties to my posts above.

    *Think the Fiat money-printing by USA and other nations is unstoppable. Debt ratio out of control. Credit cycle is unwinding.

    Maybe I've watched too many finance videos. But I don't think so.

    By history, I mean BTC as an antidote to Fiat. If the inflation continues, I can only see the BTC price rising.

    BTC to become a way to maintain your purchasing power? Because the USD ain't it.

  7. #7567
    homie1975
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    Quote Originally Posted by ChuckyTheGoat View Post
    Maybe my comment is being overly dramatic. Just ties to my posts above.

    *Think the Fiat money-printing by USA and other nations is unstoppable. Debt ratio out of control. Credit cycle is unwinding.

    Maybe I've watched too many finance videos. But I don't think so.

    By history, I mean BTC as an antidote to Fiat. If the inflation continues, I can only see the BTC price rising.

    BTC to become a way to maintain your purchasing power? Because the USD ain't it.
    macro factors in crypto outside BTC are the biggest headwinds the sector has seen since inception.

    i'm talking FTX.

    it scared the shitt out of too many people.

    i am holding tens of thousands of bucks of BTC with a cost base $22K so i need the fugger to run but I am concerned the recent shitstorm will keep it tamed for a couple more years.

    i hope to Gawd you are right and i am wrong.

  8. #7568
    bigtymer56
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    Quote Originally Posted by homie1975 View Post
    macro factors in crypto outside BTC are the biggest headwinds the sector has seen since inception.

    i'm talking FTX.

    it scared the shitt out of too many people.

    i am holding tens of thousands of bucks of BTC with a cost base $22K so i need the fugger to run but I am concerned the recent shitstorm will keep it tamed for a couple more years.

    i hope to Gawd you are right and i am wrong.
    The only thing im worried about because of FTX is regulation speeding up.

    On the brightside Homie, people seem to have short memories when it comes to crypto. Give it a few months to year and an increase in prices, the FTX collapse will feel like it happened years ago. People don't seem to mention Celsius and few other lending platforms that went down earlier in the year.
    Last edited by bigtymer56; 01-11-23 at 11:23 PM.

  9. #7569
    raiders72001
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    Quote Originally Posted by ChuckyTheGoat View Post
    Raider, I went back and watched the halving info. The trend appears to be that the price BOTTOMS one year b4 the halving. If true, the price would trough around 3/24/2023.

    Raider, I'm convinced we're seeing history. I call this a 1st-semester economics problem. As the money printing continues, BTC price has to go up as an inflation-hedge.

    The recent tick up of +8% has me very optimistic. I really think we're witnessing history.
    I hope you're right.

  10. #7570
    homie1975
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    Quote Originally Posted by bigtymer56 View Post
    The only thing im worried about because of FTX is regulation speeding up.

    On the brightside Homie, people seem to have short memories when it comes to crypto. Give it a few months to year and an increase in prices, the FTX collapse will feel like it happened years ago. People don't seem to mention Celsius and few other lending platforms that went down earlier in the year.
    as long as we don't have to see that POS SBF's face ever again, we can recover.

    the difference between FTX and the others who collapsed, is that it was perhaps the biggest whale (fake money we found out) in the industry.

    also, i think some regulation will help make digital currency mainstream.

  11. #7571
    icon
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    Quote Originally Posted by bigtymer56 View Post
    On the brightside Homie, people seem to have short memories when it comes to crypto.
    Ask someone who bought btc at its ATH and see if their memory is short. It isn't, the only short is their bankroll.

    bitcoin was/is a fun experiment but it will NEVER become mainstream, it may live forever but only as a niche payment system.

  12. #7572
    Rambuck
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    Quote Originally Posted by icon View Post
    Ask someone who bought btc at its ATH and see if their memory is short. It isn't, the only short is their bankroll.

    bitcoin was/is a fun experiment but it will NEVER become mainstream, it may live forever but only as a niche payment system.
    You're right, BTC won't be a payment system, but it will be a long term store of value. Its value will only increase over time because there are enough people that believe the story and there are billions of people who have never heard of it yet.

    Payment systems (there will be many) will be forged out of another project. Pick a car and get on the train

  13. #7573
    homie1975
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    Quote Originally Posted by icon View Post
    Ask someone who bought btc at its ATH and see if their memory is short. It isn't, the only short is their bankroll.

    bitcoin was/is a fun experiment but it will NEVER become mainstream, it may live forever but only as a niche payment system.
    I made my first BTC buy last Jan at ~45K.

    i kept averaging down all the way until my average dropped to 22K.

    I am done now. I am still down on paper ~15% but i am done now.

    so i understand what you are saying.

    i have no appetite to add to my position even if it drops to 15K right now.

    if it drops to 10K or so, i take a hard look at adding to the position to reduce my cost basis.

    the appetite has to be very low for most folk right now.
    Points Awarded:

    Arky gave homie1975 2 Betpoint(s) for this post.


  14. #7574
    shadymcgrady
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    There are more whole coiners now than before, people are the wising up to the cycles

  15. #7575
    EddieMusher
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    BTC up almost 25% in the past week

  16. #7576
    ChuckyTheGoat
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    Quote Originally Posted by EddieMusher View Post
    BTC up almost 25% in the past week
    Wheels are in motion, Ed.

  17. #7577
    raiders72001
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    Quote Originally Posted by ChuckyTheGoat View Post
    Raider, I went back and watched the halving info. The trend appears to be that the price BOTTOMS one year b4 the halving. If true, the price would trough around 3/24/2023.

    Raider, I'm convinced we're seeing history. I call this a 1st-semester economics problem. As the money printing continues, BTC price has to go up as an inflation-hedge.

    The recent tick up of +8% has me very optimistic. I really think we're witnessing history.
    Nice call.

  18. #7578
    themike78
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    Bitcoin will drop huge this weekend. It will be worth about 2 dollars by Tuesday at 10 a.m.

  19. #7579
    milwaukee mike
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    nice rally here

    at 25k btc would really wake people up and get some FOMO back

  20. #7580
    ChuckyTheGoat
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    Quote Originally Posted by milwaukee mike View Post
    nice rally here

    at 25k btc would really wake people up and get some FOMO back
    Hope so, Mike. Of course, I'm bullish.

    Happy 2023. Go, Bucks.

  21. #7581
    jjgold
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    Most people out of the game they got flushed out

  22. #7582
    milwaukee mike
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    Quote Originally Posted by ChuckyTheGoat View Post
    Hope so, Mike. Of course, I'm bullish.

    Happy 2023. Go, Bucks.
    where you living these days chucky?

    i'm down in the redneck riviera/new orleans for a while, then hawaii

  23. #7583
    ChuckyTheGoat
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    Quote Originally Posted by milwaukee mike View Post
    where you living these days chucky?

    i'm down in the redneck riviera/new orleans for a while, then hawaii
    Oh, wow. That sounds awesome.

    Was just out in Vegas for first time in 3 years. Just for relaxation. I forgot how loud it gets there.

    Would love to do Vegas/Hawaii in March. Everyone has their preference. I think Kauai is phenomenal.

  24. #7584
    milwaukee mike
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    some of the golf on kauai is unreal


  25. #7585
    ChuckyTheGoat
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    Wow. I'm very jealous. Enjoy your trip.

    BTC price challenging 21,000 right now.

  26. #7586
    homie1975
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    a buddy of mine is a big crypto bull but he says be careful about this latest run.

    he says if you look back at big runs early in the year, it is likely because of taxes due 03/15 and 04/15 and some whales sell so they can take the profits and pay the tax man.

    this is his theory. he is a believer in bitcoin though.

    let's watch this trend he is talking about.

  27. #7587
    homie1975
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    Quote Originally Posted by ChuckyTheGoat View Post
    Wow. I'm very jealous. Enjoy your trip.

    BTC price challenging 21,000 right now.
    yup it touched 21,011 and then the computers kicked in and sold it back down to 21,900 LOL

  28. #7588
    ChuckyTheGoat
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    Quote Originally Posted by homie1975 View Post
    yup it touched 21,011 and then the computers kicked in and sold it back down to 21,900 LOL
    21,000 creased. To your point, yes, you have to wonder about certain marks triggering computer algorithms.

    Think it's a good time for most posters to buy some BTC. At least get off zero.

    I really think the FTX fallout is a trigger for the BTC price to go north. People should be waking up to this concept of self-custody.

    Count up the exchanges that have crumbled. Celsius, BlockFi, FTX.

  29. #7589
    freelee
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    Quote Originally Posted by JIBBBY View Post
    Crypto can't be trusted anymore after this FTX scam crap!

    Many investors will be pulling out of Crypto when this thieving fat kid is extradited from the Bahamas and goes to trail and when this story REALLY gets plastered all over the world news daily.
    ftx has absolutely nothing to do with Bitcoin

  30. #7590
    homie1975
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    Quote Originally Posted by ChuckyTheGoat View Post
    21,000 creased. To your point, yes, you have to wonder about certain marks triggering computer algorithms.

    Think it's a good time for most posters to buy some BTC. At least get off zero.

    I really think the FTX fallout is a trigger for the BTC price to go north. People should be waking up to this concept of self-custody.

    Count up the exchanges that have crumbled. Celsius, BlockFi, FTX.
    i meant 20,900

  31. #7591
    Rambuck
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    Crypto is one of the most asymmetrical bets you can make right now. DYOR but get in the game and pay attention

  32. #7592
    ChuckyTheGoat
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    Quote Originally Posted by Rambuck View Post
    Crypto is one of the most asymmetrical bets you can make right now. DYOR but get in the game and pay attention
    Get some, Ram.

    Raiders, chime in, pal.

  33. #7593
    raiders72001
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    Quote Originally Posted by ChuckyTheGoat View Post
    Get some, Ram.

    Raiders, chime in, pal.
    Locked and loaded.

  34. #7594
    ChuckyTheGoat
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    Quote Originally Posted by raiders72001 View Post
    Locked and loaded.
    Salud, Raiders.

    I've been enjoying the uptick. Small pullback in L24 hours.

    These politicians are unbelievable. Then again, what else should we expect?

    https://www.cnn.com/2023/01/20/polit...ntv/index.html

  35. #7595
    Optional
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    I hope it levels out a bit as this is the top of my planned buying range and I would still like to gather a bit more.

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