Bitcoin....who's gotten into it?

**skaredshtles** · 06-13-2022, 09:43 AM

Originally Posted by stalefish3169

Don't worry. If It goes lower, I'll buy more!

BTC weekly RSI lower than December 2018 low. Opportunities for life changing money like this are rare. It's best to buy when everyone is laughing at you and saying BTC is dead forever. It's best to sell when jackasses like Elon go on SNL to make skits about shitcoins.

**My Pet Powder Goat** · 06-13-2022, 10:03 AM

I'm in at 5k

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**TyWebb** · 06-13-2022, 10:19 AM

There is nothing to suggest that a BTC recovery happens in 2022 or 2023. Macro is too damaged and getting worse. I personally think it will go to single digit thousands in 2023 and then grind back up for 5 years after. Point being...just sit back and watch. There is no reward for buying this crater today or in the coming months.

**neckdeep** · 06-13-2022, 10:25 AM

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**stalefish3169** · 06-13-2022, 10:40 AM

Originally Posted by TyWebb

There is nothing to suggest that a BTC recovery happens in 2022 or 2023. Macro is too damaged and getting worse. I personally think it will go to single digit thousands in 2023 and then grind back up for 5 years after. Point being...just sit back and watch. There is no reward for buying this crater today or in the coming months.

Point being, just sit back and dollar cost average with a low time preference.

**CarlMega** · 06-13-2022, 10:42 AM

Originally Posted by skaredshtles

Perfectly ok watching all this unfold.

**shera** · 06-13-2022, 10:49 AM

Nexo wants to take over Celsius. I wonder who else - vultures are circling.
https://twitter.com/Nexo/status/1536217858711101446

**hatchgreenchile** · 06-13-2022, 10:50 AM

El Salvador buying all the way dowwwwwnnnnnn....
https://nayibtracker.com/

**Toadman** · 06-13-2022, 11:01 AM

Originally Posted by Timberridge

That's the spirit.

LMAO. Good one.

**neckdeep** · 06-13-2022, 11:42 AM

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**TyWebb** · 06-13-2022, 11:42 AM

Blow it if you got it

Originally Posted by stalefish3169

Point being, just sit back and dollar cost average with a low time preference.

**neufox47** · 06-13-2022, 03:02 PM

Shouldn’t Bitcoin be going up or at least staying flat if it’s what its proponents think it is?

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**Toadman** · 06-13-2022, 03:25 PM

Originally Posted by neufox47

Shouldn’t Bitcoin be going up or at least staying flat if it’s what its proponents think it is?

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One would think. But maybe everyone in the crypto world is saying stand fast while they all unload at once. Probably a few clueless diehards who think that crypto is still worth something.

**Mustonen** · 06-13-2022, 03:25 PM

Originally Posted by neufox47

Shouldn’t Bitcoin be going up or at least staying flat if it’s what its proponents think it is?

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An asymmetric hedge is what I believe they called it. It sure sounded fancy even if it meant nothing at all.

**stalefish3169** · 06-13-2022, 04:13 PM

Looking forward to reading this page again in 2026.

**Bunion 2020** · 06-13-2022, 04:18 PM

That is if we are all still around in 2026. And if BTC still exists.

**stalefish3169** · 06-13-2022, 04:23 PM

Originally Posted by Bunion 2020

That is if we are all still around in 2026. And if BTC still exists.

You've got a point. There is a large geriatric crowd that posts in here.

**up an down** · 06-13-2022, 04:24 PM

Originally Posted by stalefish3169

Looking forward to reading this page again in 2026.

I think Bitcoin touches $10,000 before it ever (BIG IF) reaches your target of $100,000

**Cono Este** · 06-13-2022, 04:24 PM

I project a coup in El Salvador.

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**summit** · 06-13-2022, 04:28 PM

Originally Posted by Cono Este

I project a coup in El Salvador.

I bet China bails them out. Scary.

**Vt-Freeheel** · 06-13-2022, 04:30 PM

Originally Posted by stalefish3169

Looking forward to reading this page again in 2026.

Excellent Microstrategy

**MultiVerse** · 06-13-2022, 04:33 PM

Originally Posted by stalefish3169

Looking forward to reading this page again in 2026.

I'm looking forward stafefish gloating in 2026 or in any other year for that matter because that would mean inflation is tamed and the American economy along with risk-on assets like bitcoin are booming.

**Bunion 2020** · 06-13-2022, 04:34 PM

Originally Posted by stalefish3169

You've got a point. There is a large geriatric crowd that posts in here.

I was talking about on a much larger scale. The kind where money doesn't matter any more.

**byates1** · 06-13-2022, 04:37 PM

Yes that would be great. But even proponents have to realize it's brand new, a huge idea, and risky.

As I've said a million times, having 10% for the long term should work out super tits.

I agree the entire macro outlook may take a while and could be quite fucked for some time. Fine. Let it rain.

15 yrs from now the money I put into BTC now will be 10/20x. If I'm wrong, so be it.