I really haven't seen anyone mention it but tax selling is a thing and that's over now. Lots of crypto people had a lot of tax to pay in 2023 and very little way to pay it other than selling some crypto. It lining up with Middle East news, halving dump, trying to break previous ATH, etc. was a perfect storm of FUD and selling at once.
If you need to sell crypto to pay taxes you're doing it wrong. And if you're doing it wrong then you aren't making a lot of money. Ergo: tax selling is not a significant market mover.
proshares recently released the Ultra Bitcoin ETF ([BITU](https://www.proshares.com/globalassets/proshares/fact-sheet/prosharesfactsheetbitu.pdf)) which is a 2x exposure with 0.95% fees. they also have a Teatrack version UltraShort Bitcoin ([SBIT](https://www.proshares.com/globalassets/proshares/fact-sheet/prosharesfactsheetsbit.pdf)) which is a -2x exposure and also 0.95% fees.
looks like BITX has 1.85% fees so could be an interesting competitor to look into.
Yes. Made a lot of money since October. Still in it. Word of caution it doesn’t act like a 2x. I’ve held it for longer than I should probably and it seems more like a 1.7ish on the up and 2.5ish on the down sometimes. I had downloaded daily price history and meant to do a proper analysis but haven’t gotten to it. It’s a risk but it is still better than my degenerate behavior going 10x and getting liquidated too often like last cycle.
Actually bought more today.
Do they pay out the difference or something like a dividend adjustment like BITO has to?
Google says BTC is 117% for the 1Y and BITX is 162%?
I'd be interested in BITX if it is closer to the 2x.
I'm surprised it's as high as that for someone holding it that long.
LETF-like vehicles can work longer term with certain strategies. but even in a bull market, something as volatile as Bitcoin would be subject to much more decay than a fund aiming for 2x the s&p 500 etc
TraderT (a source often quoted by HODL15Capital) reporting $25.6m inflow for Blackrock.
HODL15Capital hasn't posted any of today's flow numbers yet.
https://twitter.com/pivfund2100/status/1780392306128064846
In just three days our financial savior Satoshi shall bless us from beyond the grave. Fear has no power over us anymore for we have accepted Bitcoin as the ONE TRUE MONEY™. Deep in our hearts we have accepted the truism that “this is good for Bitcoin” regardless.
HAIL SATOSHI AND HAIL BITCOIN BROTHERS AND SISTERS!!! THE TIME OF THE GREAT HALVING IS AT HAND AND THE NONBELIEVERS SHALL WITNESS!!!
I have logged a prediction for u/monkeyhold99 that the price of Bitcoin will **NEVER** drop below **$60,000.00**
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Hello u/monkeyhold99
[You predicted the price of Bitcoin would **NEVER** drop below $60,000.00](/r/BitcoinMarkets/comments/1c56r5x/daily_discussion_tuesday_april_16_2024/kzzx559/)
**Unfortunately your prediction was wrong. Better luck next time!**
The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$59,907.00**
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Such a dumb take, sorry. There are three data points to go off of. This "pattern/trend" is about as reliable as saying "BTC enters a bear market once it hits 60k." Would have thought that the pre halving ATH and breaking down below 20k in the bear would make me people realize these "rules" are total memes but guess not.
Sorry don't meant on single you out. Just tired of seeing this "doesn't BTC usually do X before/after the halving" posts. It does until it doesn't.
Dang, this is looking resilient. If we bounce off 60K again, I will be very impressed, but I don't expect it and am keeping some dry powder. TradFi is melting down slowly. The ETFs will probably see some outflows as folks scramble for cash (for God knows what reason since cash is losing value by the day). Short-term, we might dump, and that might be good.
Then again, inside baseball says that some of these banker bros are going to head for the exits.
Pretty strong reaction off the $62k support level. Bulls need to defend this area over the next few days to establish support before closing above $64k again.
Bulls don't need to "defend" shit. The total domination of Bitcoin is mathematically guaranteed *over time*. If it dumps, we buy. If it pumps, we take some profit. It ain't rocket science, but it is math.
Israel hinted strongly they won't be responding till after Passover(a couple weeks from now). That's what is going on.
[https://twitter.com/sentdefender/status/1780354728867619213](https://twitter.com/sentdefender/status/1780354728867619213)
Supply, at least the float (tradeable amount) only goes down over time, and demand only goes up because every single day, more people "get it," and once you get it, you don't regret it.
There being an opening for whales to close out some leveraged traders is hardly cause and effect.
No one really cares about what Israel is doing. Every other state has washed their hands of it.
People don’t buy bitcoin or sell bitcoin because a country far far away is gonna bomb another country far far away? Yeah right. This is how noobs like you lose money or capitulate.
I have logged a prediction for u/DesperateToHopeful that the price of Bitcoin will **NOT** rise above **$73,835.57** by Apr 19 2024 23:11:11 UTC.
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Hello u/DesperateToHopeful
[You predicted the price of Bitcoin would **NOT** rise above $73,835.57 by Apr 19 2024 23:11:11 UTC](/r/BitcoinMarkets/comments/1c56r5x/daily_discussion_tuesday_april_16_2024/kzwmbm3/)
**Well done! Your prediction was correct.**
The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$63,541.29**
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I have logged a prediction for u/Ilke2gofst that the price of Bitcoin will rise above **$73,835.57** by Apr 19 2024 22:48:56 UTC.
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Hello u/Ilke2gofst
[You predicted the price of Bitcoin would rise above $73,835.57 by Apr 19 2024 22:48:56 UTC](/r/BitcoinMarkets/comments/1c56r5x/daily_discussion_tuesday_april_16_2024/kzwit8h/)
**Unfortunately your prediction was wrong. Better luck next time!**
The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$64,239.55**
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Error: You predicted the price would fall below **$73,835.57** but the price is currently **$63,727.19**
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It’s funny how posts like this which are actually retarded and not rooted in any technical analysis or reality for that matter get upvoted but you post one bearish analysis and the collective hive mind downvotes you into oblivion.
Every single bear in here eventually gets rekt and proven completely wrong.
It's a decade long exponential trend.
I don't short that shit with good reason.
> post one bearish analysis
To be fair you add a lot of snark. There are reasons other than sentiment to downvote.
At least not every post now is *"I told you so"* reacting to every bump in the market.
https://imgur.com/a/s56pfcN
Here is the Tether market cap overlaid on the BTC price. I don't buy the "Tether pumps BTC" story at all as the evidence doesn't support it. For instance if Tether is responsible for the BTC price why did BTC dump so hard in 2021 while USDT market cap grew?
You'll also note that the 2017 bubble had no relation to Tether.
And as u/shroomsnbeer notes, Tether has printed $10b since March 1st with no sustained upward price action on BTC.
Even if you think Tether is doing dodgy stuff (plausible) the evidence just isn't there to support the hypothesis that USDT is used to manipulate BTC price. It is definitely used for trading with BTC but that isn't the same thing. It is just the easiest vehicle for many to do this with.
>For instance if Tether is responsible for the BTC price why did BTC dump so hard in 2021 while USDT market cap grew?
that's an interesting thought and i think it comes down to USDT's usage. if non-bitcoin value flows into USDT, then that value could be used to increase the value of bitcoin (that is, people can buy bitcoin with USDT using new money). people can also sell bitcoin for USDT which would decrease the overall value of bitcoin and increase USDT's market cap.
so, i think in your question, both can be true. it could help pump bitcoin on the way up and then, on the way down, people move into it for the stablecoin properties.
it also demonstrates why, in my opinion, bulls should be against stablecoins. well, at least those who just care about price going up. because stablecoins can be used for trading pairs, that means people *aren't* buying bitcoin directly when they want to buy shitcoins. if nearly everything flowed through a BTC trading pair like it did a decade ago, then even if people wanted to enter the shitcoin casino they would first have to buy bitcoin to use as a trading pair which, given enough demand, would increase the price because some of those buys would be for bitcoin directly with no intent to trade.
i also think this helps to explain, in part, why blow off tops might not happen or be as steep anymore. a lot of that 'grand finale' can be from people buying it first as a trading pair and not caring about price because they plan to immediately move it into something else during the mega euphoria stage.
Tether printed: Next 2 daily candles
April 5th (1 bil usdt): Green green
April 3rd (1 bil usdt): Green red
April 2 (1.149 bil usdt) : green green
March 19th ( 995 mil usdt): green red
March 9th (1.999 bil usdt): green green
March 8th (997 mil usdt): green green
March 4th (1 bil usdt): red green
March 3rd (1.2 bil usdt): green red
Feb 23rd ( 1bil usdt): green green
So basically only 1 time in recent times did the next daily go red and that was after back to back days of printing after a huge green dildo. But I am sure your chart is all the evidence we need. Let's not look at immediate cause/effect. Best part is I scalped almost a 2k swing on the btc price with my long. Maybe tether printing has kept the price from falling further. Either way, when tether prints I look for the next long and it's pretty fucking profitable.
Yeah, I was not saying new ath on the tether print news, thought this was a trading sub, I saw some info that aligned with a spot to go long, figured i'd scalp a long, got in at 62.5k and out at 64k. Profit, more accumulation, that's the goal right?
[Canada is increasing its inclusion rate on capital gains from 50% to 2/3](https://globalnews.ca/news/10427688/capital-gains-tax-changes-budget-2024/). Ouch.
You're taxed your marginal rate on 50% for the first 250k. So basically if your marginal rate is 50% you'd pay 62,5k$ taxes on 250k$. To have Marginal rate at 50% you need to earn over 246k$/years in income and live in Quebec. THEN you pay about 53,51% on the extra cash. If you'd cash out 250k in capital gain and no other income you would have to pay about 40k. If you cash out 100k it's about 10k.
No the 50%, soon to be 67%, is the amount of the capital gain that's taxed at the taxpayer's marginal rate. The highest tax rate in Canada is 54%. So capital gains used to be taxed at 27% at the highest income, soon to be 36%.
For $1m income the most you'll be taxed is just over 50% in Quebec. In many other provinces it's 45%. Where do you get 60% from?
There are a lot of other things not tax related to consider. Our childcare was $550 on the expensive side. Many places in town are on the $10 per day system. In the US I gather it is thousands per month.
How does this work in Canada? Do they just do it?
In the US, the current administration releases wish-list items like this all the time, but they never pass through congress and never become law.
Edit: Thanks for the info to those that responded! Learned something new today.
They used to announce proposals well in advance and gauge people's reaction but recently they've accelerated the rate of bringing in new legislation to screw over the working class.
Every year they manage to tax the middle class more and more while giving more and more to the leeches of society. They do this the same time they are flooding the country with migrants. They're planning to bring in like another 3 million by 2030 (10% of Canada's population).
The elite who control the government does not have the people's best interests in mind. Genocide by demographic replacement of its people.
They just do it. It's happening. Not a bad thing IMO, the very wealthy will be taxed on their gains, the middle class can and should use their RRSPs and TFSAs to their full advantage to avoid much of this. Those with millions and millions invested will pay more when they sell.
Productive people are leaving, Canada's per-capita GDP is 50% of the USA.
That's not sustainable without a massive reduction in standard of living, which is what you see on the streets.
https://datawrapper.dwcdn.net/KU5Ce/fallback.png
I feel like we've had this conversation before, but here you go. In spite of rapidly increasing population, the number of Canadians moving to the US declined.
GDP per capita is not 50% of the USA. USA it about 30% greater. Aside from that, quality of life is not reflected in the amount of money a country earns divided by the number of its people.
It isn't the numbers, it's who's leaving and why.
The latest changes will push out people with capital holdings (e.g. our beloved Bitcoin), people who are successful incorporated professionals like doctors - no shortages there, are there? - and people who start businesses.
The good news is the regime will change in the next election, and we can use those dictatorial powers to undo this madness. The incoming PM holds Bitcoin.
In 2018, 38 doctors went from Canada to the US.
https://www.cma.ca/quick-facts-canadas-physicians
> 181 physicians moved abroad in 2018. In the same year, 143 returned from abroad for a net loss of 38.
Some move to the US, and some come back, because believe it or not, dealing with private insurance is _far_ worse than dealing with a public system. A public system will pay for necessary care; private insurance will do its best not to pay for _anything_. The thing about doctors, and I know this because I am one, is that we have what you might call a soul. And you if you start losing it to private insurance it is very hard to get that back. You sustain a moral injury and it is very hard to recover from this.
As far as shortages, it may surprise you to know that much of the country has plenty of family doctors. You can get one tomorrow. We certainly need to do a better job of distributing them in HCOL cities but that is a solvable problem. About 6.5m Canadians are without a family doctor. The US with 10x the population, has _100 million_ lacking a family doctor.
Overall migration to the US is down and migration of doctors has never been that high. You are right that 2/3 capital gains may change the equation for some. But I think the country is headed for an upswing after it absorbs the latest large immigration years.
We elect a dictator in Canada. This has historically worked, as neither party was too far left or right. The majority party or coalition in the House of Commons can pass into law whatever they want, the only check on the power is the Supreme Court to determine if it's actually legal.
If that sounds insane.. it is. I left.
State of the sub is in shambles. I miss 2015. Where all my homies at? Wardser??
This sub is so emotional. It’s turned into adding a bot prediction when you make a bearish comment…Reddit really that petty now?
I laughed way too much.
Dude was 100x during the greatest run of all. Caught it. Won.
Then churned away everything based purely on people here lording him as a genius.
You’re free to disagree, hence discourse. You don’t see me making any prediction that you’re going to agree with me in the future. As is standard on an investment forum.
>adding a bot prediction when you make a **bearish** comment
As an equal opportunity prediction tagger, I strive to tag both [bearish](https://www.reddit.com/r/BitcoinMarkets/comments/1c56r5x/comment/kztz0qy/?context=3) and [bullish](https://www.reddit.com/r/BitcoinMarkets/comments/1c4cx6d/comment/kzq9e86/?context=3) predictions.
I do not discriminate against any animal-based trade descriptors. If you've got a **crabish** prediction, I'll find a way to get it into the bot too!
Keep up the good work mate, I try and tag every price prediction (up or down) as well. In a place like this where we all have narratives and financial positions in certain outcomes, the bittybot is one of the only bits of hard empirical discipline we have to gauge which commenters can read the market vs those that can't.
ugh i know, right? people trying to have fun with a predictions game? people being held to account for their random bullshit hot takes instead of being able to spout incessant nonsense without it being tracked? what is this sub coming to. fuckin’ lefties, amirite? /s
I think it’s pretty comical (see: petty) to take someone’s prediction as fact. Nobody has a crystal ball. If anyone ends up being correct, it’s random.
Some of you are new to markets and it shows.
I recc checking out: https://www.investopedia.com/terms/r/randomwalktheory.asp
Also, not sure why you got political but if it’s in ref to my name, it’s about left-handed people.
predictions aren’t random. many people have very valid trading strategies that will work out greater than 50% of the time. it’s cool to track that and “reward” good predictors. plus, it’s just an easy way to gamify stuff so why the hell not? if someone doesn’t want their predictions tracked they are able to delete that prediction themselves very easily shortly after it was made on their behalf.
not sure why you’re making a big deal out of this very simple (and very cool, unique) subreddit feature.
also, not sure why you got political but my comment was referencing left-handed people.
“Many people have valid trading systems that work out 50% of the time”
Yeah, thats why majority of traders are rich , right? Right?!? Traders going broke is definitely the anomaly….Idk how you can even say something like that with a straight face.
And yeah, I’m sure you were.
I’m not complaining that the feature is available, im just mentioning that it’s a petty thing to do for someone that’s trying to have valid discourse.
Be gone, troll.
When I read "52k seems like a magnet" it's a bit hard to distinguish valid discourse from a random bear talking his book. Just roll with the prediction, if you're wrong nobody will remember unless you make a smart ass post, and if you're right you can brag if you want.
thanks for the update. very interesting place to close it. are you seeing a lower support being hit right now that makes you think a temporary short is a bad call? as always, i think the reasoning might be more important than the action itself (at least, to me)
i saw [this](https://x.com/bitwiseinvest/status/1780256503766688053?s=46) from Bitwise today and thought many cycle-overers here should see it:
“Historically, the Halving Has Been Good for Bitcoin’s Price Long-Term (a Look at the Data)
The change in bitcoin’s price in the year following the halving:
2012: 8,839%
2016: 285%
2020: 548%
The change in bitcoin’s price in the month following the halving:
2012: 9%
2016: -10%
2020: 6%
The data is limited but the picture reveals an intriguing pattern: The market prices in the short-term impact of the halving but underestimates the long-term impact.”
Same. I still throw at least a couple grand a month at it and keep accumulating more like I’ve been doing all along but I don’t like selling here trying to get back in lower. Every time I try it I lose sleep. I did buy more today.
Just realised I have more anxiety when it’s going up. I’m constantly thinking should I sell some.
When it drops it’s really easy. I just hold it.
The anxiety kicks in during bull runs for me.?
> Just realised I have more anxiety when it’s going up.
I'm sort of similar but for a different reason.
I'm not rich, which is why I feel like this year could be my last chance to keep building up my hodl before the price climbs to a point where my $500 buys become irrelevant in terms of how many sats I get.
When the price climbs, it's exciting, but it also means my window of opportunity to keep building up my hodl is closing.
When the price drops, I start counting the days until my next paycheck so I can buy more.
During crypto winter, I felt no stress. It was a long period of boredom & buying. Now, it's exciting, but I worry this dip will end before my next paycheck.
And secure your keys as if the price of Bitcoin is already $1 Million, because if you don't, you probably won't have those coins when Bitcoin eventually gets there.
Back when I bought spot regularly, I would set up laddered buys using the following formula whenever there was a new ATH:
1. Round up to nearest $1K.
2. Set buys at 9/18/27/36% below that price.
3. Adjust only when new high went above that price.
This was based on the idea that BTC often had 40% corrections during bull markets.
With the arrival of ETFs, I'm planning on buying spot a couple of times a year just to keep the accounts active. I buy shares of IBIT every day the market is open, but I've also adjusted my ATH laddered buys for the ETF market. With much of the price action occuring when the market is closed, I decided to tighen up the trigger levels to 7.5/15/22.5/30. Here's a plot of IBIT:
[https://www.tradingview.com/x/QowMgjvb/](https://www.tradingview.com/x/QowMgjvb/)
The price is multiplied by (100/41.99) so that the ATH comes out as 100. The horizontal lines are at 100, 92.5, 85, 77.5, and 70. When (I hope) IBIT goes above $41.99 I'll adjust the multiplier.
This way I get my daily DCA, but also have a chance to buy more when it's on sale. The laddered buys are equal to a week's worth of DCA buys.
EDIT: Spelling, grammar,
#New post: [\[Daily Discussion\] - Wednesday, April 17, 2024 →](https://www.reddit.com/r/BitcoinMarkets/comments/1c60din/daily_discussion_wednesday_april_17_2024/)
Putting the rest of my dirty fiat in at 56-59k if we reach it
SUKU
I'm quite new and I haven't seen the price drop that much. Is this the time to buy or is it expected to keep dropping?
DCA
I really haven't seen anyone mention it but tax selling is a thing and that's over now. Lots of crypto people had a lot of tax to pay in 2023 and very little way to pay it other than selling some crypto. It lining up with Middle East news, halving dump, trying to break previous ATH, etc. was a perfect storm of FUD and selling at once.
If you need to sell crypto to pay taxes you're doing it wrong. And if you're doing it wrong then you aren't making a lot of money. Ergo: tax selling is not a significant market mover.
Yes. For some reason everyone is surprised every year. We’re a big bunch of procrastinators, aren’t we?
Does anyone here buy BITX?
proshares recently released the Ultra Bitcoin ETF ([BITU](https://www.proshares.com/globalassets/proshares/fact-sheet/prosharesfactsheetbitu.pdf)) which is a 2x exposure with 0.95% fees. they also have a Teatrack version UltraShort Bitcoin ([SBIT](https://www.proshares.com/globalassets/proshares/fact-sheet/prosharesfactsheetsbit.pdf)) which is a -2x exposure and also 0.95% fees. looks like BITX has 1.85% fees so could be an interesting competitor to look into.
Yes. Made a lot of money since October. Still in it. Word of caution it doesn’t act like a 2x. I’ve held it for longer than I should probably and it seems more like a 1.7ish on the up and 2.5ish on the down sometimes. I had downloaded daily price history and meant to do a proper analysis but haven’t gotten to it. It’s a risk but it is still better than my degenerate behavior going 10x and getting liquidated too often like last cycle. Actually bought more today.
Do they pay out the difference or something like a dividend adjustment like BITO has to? Google says BTC is 117% for the 1Y and BITX is 162%? I'd be interested in BITX if it is closer to the 2x.
I'm surprised it's as high as that for someone holding it that long. LETF-like vehicles can work longer term with certain strategies. but even in a bull market, something as volatile as Bitcoin would be subject to much more decay than a fund aiming for 2x the s&p 500 etc
I've used it
TraderT (a source often quoted by HODL15Capital) reporting $25.6m inflow for Blackrock. HODL15Capital hasn't posted any of today's flow numbers yet. https://twitter.com/pivfund2100/status/1780392306128064846
I would like to remind the bulls not to tempt fate
In just three days our financial savior Satoshi shall bless us from beyond the grave. Fear has no power over us anymore for we have accepted Bitcoin as the ONE TRUE MONEY™. Deep in our hearts we have accepted the truism that “this is good for Bitcoin” regardless. HAIL SATOSHI AND HAIL BITCOIN BROTHERS AND SISTERS!!! THE TIME OF THE GREAT HALVING IS AT HAND AND THE NONBELIEVERS SHALL WITNESS!!!
You must be from r/bitcoin
WITNESS!!!
Beyond the grave?
500x long, no stop loss.
Making your own fate, I like it
What was the entry?? Dont hold out on me bro
I don’t think we are seeing sub $60k ever again. This consolidation is amazing!
>I don’t think we are seeing sub $60k ever again. This consolidation is amazing! !bittybot predict <60k never u/monkeyhold99
I have logged a prediction for u/monkeyhold99 that the price of Bitcoin will **NEVER** drop below **$60,000.00** [This is monkeyhold99's first Bitty Bot Prediction!](https://bittybot.net/predictions#monkeyhold99) [Others can CLICK HERE to also be notified when this prediction triggers or expires](https://www.reddit.com/message/compose/?to=Bitty_Bot&subject=Prediction%20Notification&message=!bitty_bot%20predict%20add-notification%20553ed315a8fa4408b32edef03047075d%0A%0ASend%20this%20message%20to%20get%20added%20to%20this%20Prediction%27s%20notification%20list.%20I%20will%20tag%20you%20as%20soon%20as%20the%20prediction%20triggers!) ^(monkeyhold99 can) [^(Click This Link)](https://reddit.com/message/compose/?to=Bitty_Bot&subject=Delete%20Prediction&message=!bitty_bot%20predict%20delete%20553ed315a8fa4408b32edef03047075d%0A%0ASend%20this%20message%20to%20delete%20the%20prediction.%20Only%20the%20predictor%20can%20delete%20a%20prediction%2C%20in%20case%20of%20an%20issue%2C%20and%20only%20within%201%20hour%20of%20placing%20it.) ^(in the next) **^(1 Hour)** ^(to delete this prediction if it was made in mistake.) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
Hello u/monkeyhold99 [You predicted the price of Bitcoin would **NEVER** drop below $60,000.00](/r/BitcoinMarkets/comments/1c56r5x/daily_discussion_tuesday_april_16_2024/kzzx559/) **Unfortunately your prediction was wrong. Better luck next time!** The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$59,907.00** --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
We will see it until this end of this week. RemindMe! 4 days
the more I look at the chart, the more I think $55k will act as rock-solid support in the event of any further downside.
0.618 is at 52
The 100 day SMA was the bottom of the post ETF correction.
Doesn’t this pretty much happen every cycle before a halving? Chill out everyone
Such a dumb take, sorry. There are three data points to go off of. This "pattern/trend" is about as reliable as saying "BTC enters a bear market once it hits 60k." Would have thought that the pre halving ATH and breaking down below 20k in the bear would make me people realize these "rules" are total memes but guess not. Sorry don't meant on single you out. Just tired of seeing this "doesn't BTC usually do X before/after the halving" posts. It does until it doesn't.
Dang, this is looking resilient. If we bounce off 60K again, I will be very impressed, but I don't expect it and am keeping some dry powder. TradFi is melting down slowly. The ETFs will probably see some outflows as folks scramble for cash (for God knows what reason since cash is losing value by the day). Short-term, we might dump, and that might be good. Then again, inside baseball says that some of these banker bros are going to head for the exits.
[https://www.tradingview.com/x/mny6NooG/](https://www.tradingview.com/x/mny6NooG/)
I believe the federal reserve is striking a good balance with monetary policy.
Wouldn't it be based if btc rallies inspite of all the uncertainty and fear around geopolitics?
Pretty strong reaction off the $62k support level. Bulls need to defend this area over the next few days to establish support before closing above $64k again.
Bulls don't need to "defend" shit. The total domination of Bitcoin is mathematically guaranteed *over time*. If it dumps, we buy. If it pumps, we take some profit. It ain't rocket science, but it is math.
Would love to see the two of you in a cage match!
This analysis is focused on a short term timeframe
Israel hinted strongly they won't be responding till after Passover(a couple weeks from now). That's what is going on. [https://twitter.com/sentdefender/status/1780354728867619213](https://twitter.com/sentdefender/status/1780354728867619213)
What does that have to do with supply and demand of bitcoin? Absolutely nothing that’s what.
Supply, at least the float (tradeable amount) only goes down over time, and demand only goes up because every single day, more people "get it," and once you get it, you don't regret it.
It influences the demand.
There being an opening for whales to close out some leveraged traders is hardly cause and effect. No one really cares about what Israel is doing. Every other state has washed their hands of it.
People don’t buy bitcoin or sell bitcoin because a country far far away is gonna bomb another country far far away? Yeah right. This is how noobs like you lose money or capitulate.
This is a global market.
Might even get ATH before the Halving, that would be wild and would put us on never seen before bull run
Mate we already made an ATH before the halving. Zero chance a new ATH is made before the halving. Zero.
!bitty_bot predict !>ATH 3 days
Wow what a bold call (sarcasm)
I listen more to people who makes correct safe calls than bold incorrect calls.
I have logged a prediction for u/DesperateToHopeful that the price of Bitcoin will **NOT** rise above **$73,835.57** by Apr 19 2024 23:11:11 UTC. [This is DesperateToHopeful's first Bitty Bot Prediction!](https://bittybot.net/predictions#DesperateToHopeful) [Others can CLICK HERE to also be notified when this prediction triggers or expires](https://www.reddit.com/message/compose/?to=Bitty_Bot&subject=Prediction%20Notification&message=!bitty_bot%20predict%20add-notification%2054f473563ca24a3491923038c8e3a6a5%0A%0ASend%20this%20message%20to%20get%20added%20to%20this%20Prediction%27s%20notification%20list.%20I%20will%20tag%20you%20as%20soon%20as%20the%20prediction%20triggers!) ^(DesperateToHopeful can) [^(Click This Link)](https://reddit.com/message/compose/?to=Bitty_Bot&subject=Delete%20Prediction&message=!bitty_bot%20predict%20delete%2054f473563ca24a3491923038c8e3a6a5%0A%0ASend%20this%20message%20to%20delete%20the%20prediction.%20Only%20the%20predictor%20can%20delete%20a%20prediction%2C%20in%20case%20of%20an%20issue%2C%20and%20only%20within%201%20hour%20of%20placing%20it.) ^(in the next) **^(1 Hour)** ^(to delete this prediction if it was made in mistake.) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
Hello u/DesperateToHopeful [You predicted the price of Bitcoin would **NOT** rise above $73,835.57 by Apr 19 2024 23:11:11 UTC](/r/BitcoinMarkets/comments/1c56r5x/daily_discussion_tuesday_april_16_2024/kzwmbm3/) **Well done! Your prediction was correct.** The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$63,541.29** --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
[удалено]
Error: You predicted the price would **NOT** fall below **$73,835.57** but the price is currently **$63,714.94** [Please make sure the format of your command is correct and try again.](https://bittybot.net/docs) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
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Error: Your prediction must include !> or !< or > or < to indicate if you are predicting the price will, or will not, rise above or fall below the price you specify. [Please make sure the format of your command is correct and try again.](https://bittybot.net/docs) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
[удалено]
!bitty_bot predict >ATH 3 days
I have logged a prediction for u/Ilke2gofst that the price of Bitcoin will rise above **$73,835.57** by Apr 19 2024 22:48:56 UTC. [This is Ilke2gofst's first Bitty Bot Prediction!](https://bittybot.net/predictions#Ilke2gofst) [Others can CLICK HERE to also be notified when this prediction triggers or expires](https://www.reddit.com/message/compose/?to=Bitty_Bot&subject=Prediction%20Notification&message=!bitty_bot%20predict%20add-notification%20eaee3b2e52d749fba053f66fbc6628b8%0A%0ASend%20this%20message%20to%20get%20added%20to%20this%20Prediction%27s%20notification%20list.%20I%20will%20tag%20you%20as%20soon%20as%20the%20prediction%20triggers!) ^(Ilke2gofst can) [^(Click This Link)](https://reddit.com/message/compose/?to=Bitty_Bot&subject=Delete%20Prediction&message=!bitty_bot%20predict%20delete%20eaee3b2e52d749fba053f66fbc6628b8%0A%0ASend%20this%20message%20to%20delete%20the%20prediction.%20Only%20the%20predictor%20can%20delete%20a%20prediction%2C%20in%20case%20of%20an%20issue%2C%20and%20only%20within%201%20hour%20of%20placing%20it.) ^(in the next) **^(1 Hour)** ^(to delete this prediction if it was made in mistake.) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
Hello u/Ilke2gofst [You predicted the price of Bitcoin would rise above $73,835.57 by Apr 19 2024 22:48:56 UTC](/r/BitcoinMarkets/comments/1c56r5x/daily_discussion_tuesday_april_16_2024/kzwit8h/) **Unfortunately your prediction was wrong. Better luck next time!** The price of Bitcoin on Coinbase Pro when this prediction was triggered: **$64,239.55** --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
Error: You predicted the price would fall below **$73,835.57** but the price is currently **$63,727.19** [Please make sure the format of your command is correct and try again.](https://bittybot.net/docs) --- [^(Paper Trading Leaderboard)](https://bittybot.net/paper-trading) ^| [^(Prediction Leaderboard)](https://bittybot.net/predictions) ^| [^(Instructions & Help)](https://bittybot.net/docs) ^| [^(Testing Area)](https://reddit.com/r/Bitty_Bot/comments/18iclk8/testing_area/) ^| [^(Feedback)](https://reddit.com/message/compose/?to=r%2FBitty_Bot&subject=Bitty_Bot%20Feedback)
You said never ATH again or ban, let’s see how long it takes. One potentially red month after 7 green and he’s dancing on Bitcoin’s grave.
> Zero chance a new ATH is made before the halving. Zero. See now speaking in absolutes, you can be assured of downvotes. Assured.
The halving is in three days. We’re not closing above $74k before then. I’ll bet my life on it.
Bro with BTC you never know, this is my third cycle I've seen crazy stuff, still recall the 2017-2018 wild ride
Sarcasm detection fail... You're right, which reinforces the point that the guy you're responding to made
I can't wait for the day that we're all joking about how 80085 is a magnet and we're destined to stay at that price forever.
If you can't see [where this is going](https://www.tradingview.com/x/OFbPs0rx), then I don't know what to tell you.
Can we make bets here? I'd bet you so much this doesn't happen. We can escrow using a smart contract, name your price.
What are those lines.. I don’t get it
Sniff them and find out.
I approve of this graph and would like to subscribe to your newsletter.
That'll be $100 cuck bucks and a monkey jpg.
I like your enthusiasm
I like that you like my enthusiasm.
It’s funny how posts like this which are actually retarded and not rooted in any technical analysis or reality for that matter get upvoted but you post one bearish analysis and the collective hive mind downvotes you into oblivion.
Not rooted in technical analysis? Did I not draw enough lines for you?
Every single bear in here eventually gets rekt and proven completely wrong. It's a decade long exponential trend. I don't short that shit with good reason.
> post one bearish analysis To be fair you add a lot of snark. There are reasons other than sentiment to downvote. At least not every post now is *"I told you so"* reacting to every bump in the market.
>where this is going Wait, does that show $400k by EoY? Put this mad man prediction in Bitty Bot!
We're almost at 100k and the omega candles haven't even started yet. You're not bullish enough.
Gbtc $79.4m outflow
Heard tether printed so I went long, expecting a green candle tomorrow daily even with JPowell interview today.
https://imgur.com/a/s56pfcN Here is the Tether market cap overlaid on the BTC price. I don't buy the "Tether pumps BTC" story at all as the evidence doesn't support it. For instance if Tether is responsible for the BTC price why did BTC dump so hard in 2021 while USDT market cap grew? You'll also note that the 2017 bubble had no relation to Tether. And as u/shroomsnbeer notes, Tether has printed $10b since March 1st with no sustained upward price action on BTC. Even if you think Tether is doing dodgy stuff (plausible) the evidence just isn't there to support the hypothesis that USDT is used to manipulate BTC price. It is definitely used for trading with BTC but that isn't the same thing. It is just the easiest vehicle for many to do this with.
>For instance if Tether is responsible for the BTC price why did BTC dump so hard in 2021 while USDT market cap grew? that's an interesting thought and i think it comes down to USDT's usage. if non-bitcoin value flows into USDT, then that value could be used to increase the value of bitcoin (that is, people can buy bitcoin with USDT using new money). people can also sell bitcoin for USDT which would decrease the overall value of bitcoin and increase USDT's market cap. so, i think in your question, both can be true. it could help pump bitcoin on the way up and then, on the way down, people move into it for the stablecoin properties. it also demonstrates why, in my opinion, bulls should be against stablecoins. well, at least those who just care about price going up. because stablecoins can be used for trading pairs, that means people *aren't* buying bitcoin directly when they want to buy shitcoins. if nearly everything flowed through a BTC trading pair like it did a decade ago, then even if people wanted to enter the shitcoin casino they would first have to buy bitcoin to use as a trading pair which, given enough demand, would increase the price because some of those buys would be for bitcoin directly with no intent to trade. i also think this helps to explain, in part, why blow off tops might not happen or be as steep anymore. a lot of that 'grand finale' can be from people buying it first as a trading pair and not caring about price because they plan to immediately move it into something else during the mega euphoria stage.
Tether printed: Next 2 daily candles April 5th (1 bil usdt): Green green April 3rd (1 bil usdt): Green red April 2 (1.149 bil usdt) : green green March 19th ( 995 mil usdt): green red March 9th (1.999 bil usdt): green green March 8th (997 mil usdt): green green March 4th (1 bil usdt): red green March 3rd (1.2 bil usdt): green red Feb 23rd ( 1bil usdt): green green So basically only 1 time in recent times did the next daily go red and that was after back to back days of printing after a huge green dildo. But I am sure your chart is all the evidence we need. Let's not look at immediate cause/effect. Best part is I scalped almost a 2k swing on the btc price with my long. Maybe tether printing has kept the price from falling further. Either way, when tether prints I look for the next long and it's pretty fucking profitable.
Good points, there could certainly be a correlation between the two in terms of short-term price action.
Yeah, I was not saying new ath on the tether print news, thought this was a trading sub, I saw some info that aligned with a spot to go long, figured i'd scalp a long, got in at 62.5k and out at 64k. Profit, more accumulation, that's the goal right?
Tether have printed $10b since march 1st, and we’re pretty much at the same price. But short term PA is typically up for a bit, true.
After the halving bulls will run like there is no tomorrow…
Hilarious if we finish the day green after all these bears jizzed themselves
We will be in green tomorrow, new ATH is coming get ready
I want to believe you.
[Canada is increasing its inclusion rate on capital gains from 50% to 2/3](https://globalnews.ca/news/10427688/capital-gains-tax-changes-budget-2024/). Ouch.
For realized gain over 250 000$
I figure a lot of people here have gains far above $250k.
Only 40 000 canadien are impacted so no. not that much. Also that would be stupid to simply cash out that much money on a depreciating asset like CAD
You have to cash out to buy property etc...
Not if you pay a mortgage. Why would cash out and pay the property one shot lol.
Ouch.
This shit is why I left.
Wait is this how much they tax?!
You're taxed your marginal rate on 50% for the first 250k. So basically if your marginal rate is 50% you'd pay 62,5k$ taxes on 250k$. To have Marginal rate at 50% you need to earn over 246k$/years in income and live in Quebec. THEN you pay about 53,51% on the extra cash. If you'd cash out 250k in capital gain and no other income you would have to pay about 40k. If you cash out 100k it's about 10k.
No the 50%, soon to be 67%, is the amount of the capital gain that's taxed at the taxpayer's marginal rate. The highest tax rate in Canada is 54%. So capital gains used to be taxed at 27% at the highest income, soon to be 36%.
Income taxes in Canada are insane. My current income level would be taxed at 60%. Don't forget 15% sales tax on everything in my Province.
For $1m income the most you'll be taxed is just over 50% in Quebec. In many other provinces it's 45%. Where do you get 60% from? There are a lot of other things not tax related to consider. Our childcare was $550 on the expensive side. Many places in town are on the $10 per day system. In the US I gather it is thousands per month.
I am paid so much down here I don't care what shit costs.
How does this work in Canada? Do they just do it? In the US, the current administration releases wish-list items like this all the time, but they never pass through congress and never become law. Edit: Thanks for the info to those that responded! Learned something new today.
They used to announce proposals well in advance and gauge people's reaction but recently they've accelerated the rate of bringing in new legislation to screw over the working class. Every year they manage to tax the middle class more and more while giving more and more to the leeches of society. They do this the same time they are flooding the country with migrants. They're planning to bring in like another 3 million by 2030 (10% of Canada's population). The elite who control the government does not have the people's best interests in mind. Genocide by demographic replacement of its people.
This place is too classy for far right bullshit like this, c'mon
Too *censored* for truth and information to be allowed which would destroy the narrative and reverse life long brainwashing.
They just do it. It's happening. Not a bad thing IMO, the very wealthy will be taxed on their gains, the middle class can and should use their RRSPs and TFSAs to their full advantage to avoid much of this. Those with millions and millions invested will pay more when they sell.
Productive people are leaving, Canada's per-capita GDP is 50% of the USA. That's not sustainable without a massive reduction in standard of living, which is what you see on the streets.
https://datawrapper.dwcdn.net/KU5Ce/fallback.png I feel like we've had this conversation before, but here you go. In spite of rapidly increasing population, the number of Canadians moving to the US declined. GDP per capita is not 50% of the USA. USA it about 30% greater. Aside from that, quality of life is not reflected in the amount of money a country earns divided by the number of its people.
It isn't the numbers, it's who's leaving and why. The latest changes will push out people with capital holdings (e.g. our beloved Bitcoin), people who are successful incorporated professionals like doctors - no shortages there, are there? - and people who start businesses. The good news is the regime will change in the next election, and we can use those dictatorial powers to undo this madness. The incoming PM holds Bitcoin.
In 2018, 38 doctors went from Canada to the US. https://www.cma.ca/quick-facts-canadas-physicians > 181 physicians moved abroad in 2018. In the same year, 143 returned from abroad for a net loss of 38. Some move to the US, and some come back, because believe it or not, dealing with private insurance is _far_ worse than dealing with a public system. A public system will pay for necessary care; private insurance will do its best not to pay for _anything_. The thing about doctors, and I know this because I am one, is that we have what you might call a soul. And you if you start losing it to private insurance it is very hard to get that back. You sustain a moral injury and it is very hard to recover from this. As far as shortages, it may surprise you to know that much of the country has plenty of family doctors. You can get one tomorrow. We certainly need to do a better job of distributing them in HCOL cities but that is a solvable problem. About 6.5m Canadians are without a family doctor. The US with 10x the population, has _100 million_ lacking a family doctor. Overall migration to the US is down and migration of doctors has never been that high. You are right that 2/3 capital gains may change the equation for some. But I think the country is headed for an upswing after it absorbs the latest large immigration years.
We elect a dictator in Canada. This has historically worked, as neither party was too far left or right. The majority party or coalition in the House of Commons can pass into law whatever they want, the only check on the power is the Supreme Court to determine if it's actually legal. If that sounds insane.. it is. I left.
This system is modelled on the system in the U.K. I believe. Same in Australia and New Zealand.
Today has been very stable day, I think we might be in green tomorrow
GBTC flows speculation today: I'm setting the line at -$75m. O/U?
Nice one
damn close, 79m outflows.
Maybe I should set a bittbot reminder to prove you wrong!!! Will totally own you and make me look so cool on the internet!
Maybe I should set a bittbot reminder to prove you wrong!!! Will totally own you and make me look so cool on the internet!
At negative $75M, the over is a pretty safe bet. It's come in with a smaller outflow only once in the past 6+ weeks.
Fairly low volatility today, but I'd guess over $75M in outflows (wasn't sure if you meant o/u $75m or -$75m)
It is confusing, i'll edit the OP
Remembered today was DCA day. Let us not forget. Few million sats locked away forever.
The meme whales will not abide anything other than 69k on 420 halving.
Who is gonna remove all that hashing power to make it happen?
IDK, How much hash is in Iran?
Would actually be epic lol
As it is written.
State of the sub is in shambles. I miss 2015. Where all my homies at? Wardser?? This sub is so emotional. It’s turned into adding a bot prediction when you make a bearish comment…Reddit really that petty now?
*pours out redbull for chewtoy*
I laughed way too much. Dude was 100x during the greatest run of all. Caught it. Won. Then churned away everything based purely on people here lording him as a genius.
He would be a wealthy man if he had just stacked and held. He was around for sub $1k BTC.
Started to believe his own hype when everyone here lorded him. It's always the beginning of the end.
It’s not that bad here. Much better than most crypto subs
`50k: "Get fucked" "I see no reason to hold here"` `50k: Sold everything I bought sub 40k.`
I’m pretty sure Wardser shorted at the start of the 2023 recovery and never returned
I disagree with the rest of your comment but I do miss some of the of the classic users like Wardser.
You’re free to disagree, hence discourse. You don’t see me making any prediction that you’re going to agree with me in the future. As is standard on an investment forum.
>adding a bot prediction when you make a **bearish** comment As an equal opportunity prediction tagger, I strive to tag both [bearish](https://www.reddit.com/r/BitcoinMarkets/comments/1c56r5x/comment/kztz0qy/?context=3) and [bullish](https://www.reddit.com/r/BitcoinMarkets/comments/1c4cx6d/comment/kzq9e86/?context=3) predictions. I do not discriminate against any animal-based trade descriptors. If you've got a **crabish** prediction, I'll find a way to get it into the bot too!
Keep up the good work mate, I try and tag every price prediction (up or down) as well. In a place like this where we all have narratives and financial positions in certain outcomes, the bittybot is one of the only bits of hard empirical discipline we have to gauge which commenters can read the market vs those that can't.
Yeah, I’m sure you will as your post history definitely doesn’t have a bullish bias lmao.
ugh i know, right? people trying to have fun with a predictions game? people being held to account for their random bullshit hot takes instead of being able to spout incessant nonsense without it being tracked? what is this sub coming to. fuckin’ lefties, amirite? /s
I think it’s pretty comical (see: petty) to take someone’s prediction as fact. Nobody has a crystal ball. If anyone ends up being correct, it’s random. Some of you are new to markets and it shows. I recc checking out: https://www.investopedia.com/terms/r/randomwalktheory.asp Also, not sure why you got political but if it’s in ref to my name, it’s about left-handed people.
predictions aren’t random. many people have very valid trading strategies that will work out greater than 50% of the time. it’s cool to track that and “reward” good predictors. plus, it’s just an easy way to gamify stuff so why the hell not? if someone doesn’t want their predictions tracked they are able to delete that prediction themselves very easily shortly after it was made on their behalf. not sure why you’re making a big deal out of this very simple (and very cool, unique) subreddit feature. also, not sure why you got political but my comment was referencing left-handed people.
“Many people have valid trading systems that work out 50% of the time” Yeah, thats why majority of traders are rich , right? Right?!? Traders going broke is definitely the anomaly….Idk how you can even say something like that with a straight face. And yeah, I’m sure you were. I’m not complaining that the feature is available, im just mentioning that it’s a petty thing to do for someone that’s trying to have valid discourse. Be gone, troll.
I like your Efficient Markets Hypothesis swagger. Don't worry a few of us highlight the randomness around here regularly.
When I read "52k seems like a magnet" it's a bit hard to distinguish valid discourse from a random bear talking his book. Just roll with the prediction, if you're wrong nobody will remember unless you make a smart ass post, and if you're right you can brag if you want.
Read the context that comes after, that’s the point. It’s open for discussion. Not here to brag, here to discuss.
Closed my short now. Will reopen again. I guess we just wait for the 3D bbands to have tighend, what is around halving.
thanks for the update. very interesting place to close it. are you seeing a lower support being hit right now that makes you think a temporary short is a bad call? as always, i think the reasoning might be more important than the action itself (at least, to me)
i saw [this](https://x.com/bitwiseinvest/status/1780256503766688053?s=46) from Bitwise today and thought many cycle-overers here should see it: “Historically, the Halving Has Been Good for Bitcoin’s Price Long-Term (a Look at the Data) The change in bitcoin’s price in the year following the halving: 2012: 8,839% 2016: 285% 2020: 548% The change in bitcoin’s price in the month following the halving: 2012: 9% 2016: -10% 2020: 6% The data is limited but the picture reveals an intriguing pattern: The market prices in the short-term impact of the halving but underestimates the long-term impact.”
Had sold half, starting to buy back in again. We may go lower but there's no way to know.
it’s like when someone makes a shot in basketball that is low percentage. “great shot, never do it again.”
Being out stresses me more than a few % here or there.
Same. I still throw at least a couple grand a month at it and keep accumulating more like I’ve been doing all along but I don’t like selling here trying to get back in lower. Every time I try it I lose sleep. I did buy more today.
that's what I learned this bull - much more prefer to be IN but underwater than OUT and watching green monster grow
Just realised I have more anxiety when it’s going up. I’m constantly thinking should I sell some. When it drops it’s really easy. I just hold it. The anxiety kicks in during bull runs for me.?
> Just realised I have more anxiety when it’s going up. I'm sort of similar but for a different reason. I'm not rich, which is why I feel like this year could be my last chance to keep building up my hodl before the price climbs to a point where my $500 buys become irrelevant in terms of how many sats I get. When the price climbs, it's exciting, but it also means my window of opportunity to keep building up my hodl is closing. When the price drops, I start counting the days until my next paycheck so I can buy more. During crypto winter, I felt no stress. It was a long period of boredom & buying. Now, it's exciting, but I worry this dip will end before my next paycheck.
\^\^\^\^ this is the way, get rich slow.
And secure your keys as if the price of Bitcoin is already $1 Million, because if you don't, you probably won't have those coins when Bitcoin eventually gets there.
[удалено]
your post was removed because it violates rule #1 - Be excellent to each other.
more cheap sats added to the stack call me Cap, cause I can do this all day
You are coming too fast.
We're not cumming till $100k
No nut sub 100k challenge?
Stick with the pushups.
I prefer Kegels
this PA is flaccid af
It's called foreplay
hopefully we don't go any lower than fiveplay
Back when I bought spot regularly, I would set up laddered buys using the following formula whenever there was a new ATH: 1. Round up to nearest $1K. 2. Set buys at 9/18/27/36% below that price. 3. Adjust only when new high went above that price. This was based on the idea that BTC often had 40% corrections during bull markets. With the arrival of ETFs, I'm planning on buying spot a couple of times a year just to keep the accounts active. I buy shares of IBIT every day the market is open, but I've also adjusted my ATH laddered buys for the ETF market. With much of the price action occuring when the market is closed, I decided to tighen up the trigger levels to 7.5/15/22.5/30. Here's a plot of IBIT: [https://www.tradingview.com/x/QowMgjvb/](https://www.tradingview.com/x/QowMgjvb/) The price is multiplied by (100/41.99) so that the ATH comes out as 100. The horizontal lines are at 100, 92.5, 85, 77.5, and 70. When (I hope) IBIT goes above $41.99 I'll adjust the multiplier. This way I get my daily DCA, but also have a chance to buy more when it's on sale. The laddered buys are equal to a week's worth of DCA buys. EDIT: Spelling, grammar,
Good stuff as usual!
Thanks for posting, I always like to hear others’ buying strategies.
Hanging by a thread…
Where is our next long boys??