BITCOIN

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.... 

DannyCarey

silvercue said:

 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.

buT hOw dO U CalCUlate The Fair ValUe?

#shoutingAtClouds

Sumselkb

Hello, my first time commenting in this thread.

I am thinking of buying some Bitcoin if the price falls down low enough, say below £20,000. Around December 2022 when it was about £13k/£14k for a BTC I considered buying some Bitcoin but never got around to it.

What would people recommend as an exchange for a desktop user? And what about for transferring it to a hardware device? What company/type of device would you recommend?

I don't plan on buying a lot of Bitcoin, just whatever I am willing to risk. but if it goes up to 1 BTC = £1,000,000 in 2050 then at least I will have something for retirement

fwor

Sumselkb said:

I am thinking of buying some Bitcoin if the price falls down low enough, say below £20,000.

Current price is just under £50,000 - so you have probably got your timing wrong? 

I don't claim to have any skill at all at predicting the price of Bitcoin (and I don't believe anyone else who claims to be able to) but I think you're not likely to see £20k again any time soon...

Sumselkb

fwor said:

Sumselkb said:

I am thinking of buying some Bitcoin if the price falls down low enough, say below £20,000.

Current price is just under £50,000 - so you have probably got your timing wrong? 

I don't claim to have any skill at all at predicting the price of Bitcoin (and I don't believe anyone else who claims to be able to) but I think you're not likely to see £20k again any time soon...

Yeah I wouldn't be buying it the now, just want to set up the account and get the external hardware storage and try to understand how it all works so that in the future if it does drop down to a low price of eg £20k I will be ready to buy.

Cus

If you fear it will rise to 1 BTC = £1,000,000 by 2050, then does it matter if it's £20k or £50k now?  
At some point this investment asset class may not be the volatile element it is currently, so maybe it never goes down to £20k, but also never goes above £150k. 

Sorry just not seeing your logic here, but to your original question, I found using coinbase for small amounts of the years (single figure £thousands) very simple, easy, and probably very cost ineffective but right up my luddite profile 🙂