BITCOIN

silvercue

onomatopoeia99 said:

Scottex99 said:

61K.........

Any idea what's been driving the performance in the last month? There hasn't been the massive media coverage that was seen with both peaks in 2021 this time.

The new Bitcoin ETFs are driving $1.4b of trading volume in single days trading.   $500m of net inflows in a day.   More BTC is being purchased than produced daily at the moment.  Simple supply v demand

silvercue

Malthusian said:

silvercue said:

Ahead of schedule too.  

lol

Lest we forget, the "schedule" was that Bitcoin was going to hit $100,000 in 2021 and hit $400,000 by 2025, if you believed this thread. Tick tock. 

What would the bros have said at the ATH if you'd told them that three years later they'd be popping champagne over Bitcoin going nowhere?

Schedule as in before halving and not after it.  After every halving BTC has surged to a new ATH.  It has never done it before halving run previously.  

RichTips

Anyone coming to this thread and thinking about buying now should first consider looking back at prior price action before getting too enamored with thinking about possible future prices. The market is cyclical and we're many multiples from the bottom of the last BTC bear market already. Buyer beware. FOMO = generally bad, etc.

silvercue

RichTips said:

Anyone coming to this thread and thinking about buying now should first consider looking back at prior price action before getting too enamored with thinking about possible future prices. The market is cyclical and we're many multiples from the bottom of the last BTC bear market already. Buyer beware. FOMO = generally bad, etc.

This is generally good advice for all investments

Scottex99

Yep, Coinbase app downloads being a major one, nowhere near 2021 levels yet

Scottex99

RichTips said:

Anyone coming to this thread and thinking about buying now should first consider looking back at prior price action before getting too enamored with thinking about possible future prices. The market is cyclical and we're many multiples from the bottom of the last BTC bear market already. Buyer beware. FOMO = generally bad, etc.

For sure, spent all day telling noobs this yesterday.

Simply, we're near ATH, so do you want to buy something that is at higher fiat value than ever before? Possibly? Already hit ATH against some non-USD fiats actually.

That's short term though. And no doubt we'll likely see some madness in every 4 year cycle and more black swans. But 3 cycles from now can it continue the exponential growth that it has over the last 3? For me it's worth a look and a % of portfolio.

Risk/Reward etc

Adyinvestment

RichTips said:

Anyone coming to this thread and thinking about buying now should first consider looking back at prior price action before getting too enamored with thinking about possible future prices. The market is cyclical and we're many multiples from the bottom of the last BTC bear market already. Buyer beware. FOMO = generally bad, etc.

Yes, FOMO is a strong emotion, I like to consider myself pretty level headed in regard to Bitcoin, and I am currently feeling it a little, my laddering out exit strategy first rung was 62K and I haven't pressed the trigger yet.

Even though I feel a correction is overdue and could potentially feel nasty...it has to keep going up right?

Scottex99

3rd cycle for me 

"This time will be different" 

silvercue

 BlackRock's $IBIT Bitcoin ETF becomes the fastest ever to $10 BILLION total assets.

And that is just one of the 11 approved by SEC in January.

DannyCarey

Adyinvestment said:

RichTips said:

Anyone coming to this thread and thinking about buying now should first consider looking back at prior price action before getting too enamored with thinking about possible future prices. The market is cyclical and we're many multiples from the bottom of the last BTC bear market already. Buyer beware. FOMO = generally bad, etc.

Yes, FOMO is a strong emotion, I like to consider myself pretty level headed in regard to Bitcoin, and I am currently feeling it a little, my laddering out exit strategy first rung was 62K and I haven't pressed the trigger yet.

Even though I feel a correction is overdue and could potentially feel nasty...it has to keep going up right?

When it starts hitting BBC headlines its very close to time to sell, that's how I have always played it! Worked well so far....