Yea one random guy did some stuff. BTC doomed

before the bear tag line was everyone lost money in 2017 during the crash. now its, oh you just wait soon you're screwed.

Lol sideline boys

It's doesn't have to become a widely adopted currency. It will do just fine as a store of value for rich people and if regular people want to save in bitcoin then they are welcome.

Institutions storing their $$$ in bitcoin so it doesn't deflate away is enough to see bitcoin over 50 trillion. People that can't grasp this simple fact are not thinking it through.

Btw, with the recent rise of debit/credit cards with bitcoin cashbacks, we could argue that crypto/bitcoin is doing alright as a currency.

I personally like the idea of bitcoin as a savings mechanism, it doesn't have to take over as the global dominant currency, and there's nothing wrong with that.

Don't forget 'literally created because of a bubble.'

Yikes, there's some sad stuff happening on the bitcoin reddit. Some recent posts:

Lots of FOMO, people cheering about how much money they made, how they deserve it, how they're saving the world AND getting rich quick. Michael Saylor is their new hero. And lots of "it goes up when I sell, down when I buy" posts.

If you like cringe-entertainment like The Office, or Nathan For You, I recommend it.

think its prudent to derisk some ~32k for short term

People still in disbelief! You fail to understand what is happening right now. If things go according to what I think will happen, you and many others will be shocked.

The problem you and quite a few others have is that you think it's all 1 big scam.

The coming years, you will feel it. You have been told by many people, in fact you will realise just how ignorant you were back then(you will think back to this time period). You don't see it yet, but in a few years you will. You are blinded by rage and emotion right now.

I know you tell yourself now that it won't bother you but it will. Of course it will, just look at Schiff, the guy can't let it go, everyday he posts the same crap, sometimes he changes the wording but the message stays the same, I mean how crazy ca a person get, to get up each and every day, be wrong, yet tweet the same stuff again and again, and simply keep doing it, that's the definition of insanity, just ask Einstein!

Of course I can't tell the future but I'm not going to bet against innovation and a bunch of very smart people trying to change the world for the better.

Rich people getting on board, could send bitcoin into the 10's of trillions, we won't see that this cycle as that takes time. Retail saving in bitcoin is a genius idea, especially since 90% of people have no other way to get 5-10% a year.

With Square and other credit/debit card cashback providers, people get bitcoin back when they purchase stuff, they can then spend those bitcoins, so when people say stuff like nobody spends bitcoin, or bitcoin won't ever be a currency, blah blah, well this is a great way to get things rolling for bitcoin.

Slowly then suddenly.

The bitcoin protocol is getting integrated heavily into everyday life, don't sleep on this innovation, people don't even need to know it exists, they shouldn't have to either, all they need to know is that it works and that it is beneficial for them to try bitcoin.

Edit this is in, you talk about paper profits like the crypto space is illiquid or something? People can cash out whenever they want and many people do. There's 100's of thousands of traders not investors, that take profit and cash out regularly. Your Peter Schiff "paper profits" is something you state without any substance, remember he's an absolute donkey and has been wrong regarding bitcoin for 11 years straight!

1 last thing, I think is important and it's something I hear Saylor talk about and that is holding $$$. Cashing out into $$$, so it can deflate away at 15% a year (currently), yeah no thank you, I can see why big investors prefer to keep it running in bitcoin and just have "paper profits".

I'm waiting for quotes in units of Satoshis.

Unless you’re uncomfortable with your btc allocation, why try timing?

My Dad is visiting right now and about 2 hours ago he was shilling me Doge, and NIO stock. He said I should get on doge because he has 100k shares and he making big money fast, and that I should put 5k in NIO because it's the next tesla.

I'm not ****ing joking

i trade it

not financial advice

Got it. Glgl

No moon?! What do you mean?

If you look at the all time charts, that's most people during a long stretch in a downward trend. The people who've bought in the 2 big updrafts seem far fewer than the alternative.

More dumb people than smart people, story checks out.

10% correction is good... now upward BTC



that being said, it does feeling like we need a period of consolidation here to catch our breath because this last push up has been so explosive. Hopefully enough time to give me a chance to get another Cheque.

Im not guessing, exhaustion is real. Go run a mile as fast as you can and tell me if you are not exhausted? How far and at what speed can you run...? How long until you can run again?

It is no different with markets. Once all the bulls have blown their wad price flips.

What perhaps you meant? is that I was guessing at the time frame? And IDK, sort of. The point I was trying to make is that I was not calling an end to what is clearly a very strong bull market, I was just observing exhaustion on the hourly and looking for a pause.

LMAO didn't see this when writing my post. Often corrections are in both price and time...

my state should have read... 'previous all time high of 2017'.

34K! Champagne bubbles! So tasty

a nice red wine for me cheers

another Rolex...

Sold ~ 25% of my coin, hoping to have the opportunity to buy back under 30k at some point in 2021. Buying TGT and WMT in the meantime.

Eth made it to $800

Long term capital gains tax rate > selling and hoping to rebuy considerably lower (which may never come) only to try to sell the top of the market at a short term capital gains tax rate

Mostly rebalancing, the time my never come in which case I'm quite happy with what I hold and what I've gained over the years.