BTC

seanmg

You mean DCA for 6 years like he has and have an unbelievably absurd about of BTC? Homie is chillin.

FiB_VIKING

I took the cash which I wanted to put into BTC and turned on daily DCA on binance since feb this year to stop my DCA by end of october. I'm quite happy with this approach. I've accumulated enough and if it drops or retest lower price levels i buy as usual.

spawn77x99

Still buying since 2017... best decision ever! Sadly I started with only $50 when 1BTC was around 4k.

sparkythewildcat

It went up bc I sold all my BTC last week. You're welcome lol

A1Shady

This has to be a bot posting. BTC is never making it to 1mil...Maybe Palantir token will.

blaziken8x

Don't fall for sunk cost fallacy, I would not put in more money. I held siacoin since like 2021, and I even kept putting more in over the years (luckily I was also buying BTC and ETH), I finally decided to dump it at the end of 2024 when it didn't have any significant price movement while my other crypto did.

FallingKnife_

Sellers are exhausted. Whales and shrimps held the line at $60k. Hints that Fed may be holding or lowering rates while inflation is rising, while Treasury doesn't know what to do about funding $40T deficit into rising 30 yr bond prices, starts looking to sell shorter durations which will further fuel inflation. Easy money AI trade is also looking depleted. Suddenly, risk on with BTC as a hard money hedge starts to look good again, and demand for Bitcoin rises just when sellers are done and moved on to r/Buttcoin. Not rocket science or magic here. More demand than there is supply.

logan-807128

Oh if health events are involved then you should start doing trips NOW. People who are young don't understand sometimes for an individual even a year can be a huge difference when it comes to health and the ability to travel/enjoy life. Yes, the 1 BTC might go to $125k next year instead of $77k now but your health might be able to enjoy the $77k now rather than the $125k next year. I'm assuing you have more than 1 BTC but i'm using that as an example. Money (fiat or btc) are only useful if they are useful for your life at the moment.

Blkout50

Yeah, I was going to buy 5 BTC @ $65k, but then I thought I should would wait until it hits $100k again 🤪

-Lomaximus-

I sold 4k BTC at an ath of $36. Not a day goes by that I dont think about where id be had I not.

logan-807128

If it's shit pile then just plan for 30 years (which is about 7-8 cycles assuming 4 year cycle still holds), and then for each cycle instead of accumulation, sell 10% of existing pile. Let's say you have 10 BTC (for example), the first cycle during bull run (2029?), sell 1 BTC (9 BTC left), the next bull cycle (2033?), sell 0.9 BTC (8.1 BTC left), the one after that, sell 0.81 BTC (2037?), etc.

logan-807128

One thing to keep in mind is that at 64, it's very likely you and/or your spouse have about 3 decades of spending that you need to plan for. In general (not BTC specific), people who plan underestimate how long they live but overestimate how much money they need.

DiamondHandsDarrell

The squeeze didn’t just come out of nowhere. Treasury moved to increase long bond buybacks, long yields eased, the dollar weakened, and BTC already had a couple days of ETF inflows behind it. That gave Bitcoin the initial push through the resistance area everyone had been shorting against. Once BTC broke through that level, the shorts started getting liquidated. When a short gets liquidated, the position has to buy BTC back, so that forced buying pushes the price higher, which liquidates more shorts, which creates even more buying. That’s how you end up with roughly $1.4B in shorts getting wiped out in a few hours and BTC basically going straight up. So the short squeeze was the accelerator, not necessarily the original cause. Now the important part is whether actual spot and ETF buyers keep buying after all that forced short covering fuel is gone.

OkProject2361

I get it. I’m 34 and I’m not round tripping my entire stack again. I’ll sell enough during the next bull run for a good home down payment. I also have the ETF in my Roth and my HSA. I’ll be trimming gains there during the next bull too. I’ll always have a minimum exposure of 0.5 BTC though.

Beautiful_Level_3259

Last cycle BTC went 33k —> 44k everyone said the bull market was here and everyone was an idiot for waiting for 20k…. And guess where it ended up going….. 20k

BestialitySurprise

This recent BTC jump is just hype over the arbitrary USA debt milestone of $40 Trillion. Gains will be wiped within a week.

Elhodlerdevo

Only 10 ? I just bought another 100 BTC just before it goes to 200k EOY

Business_Office_7978

Just bought 100BTC, tmr will buy 1000BTC. lol 🤣

CellFit2989

Calls Grandma “Buy BTC Granny”

BoshansStudios

oh yeah man, I just bought another 10 BTC for my familie's generational wealth.

Turbulent-Land-5664

Warren buffet was a little bit more flush than me. Its rediculous how I live right now, with a really nice BTC portfolio and otherwise not enough income to live. Thats not pessimistic my friend.

Turbulent-Land-5664

I dont earn any more fiat - not enough to invest or purchase more BTC. Thats the problem compared to conventional investing. Theres compounding interest, and you can purchase more. My dream is to have a landlord that accepts BTC while living abroad in Asia. That owuld be a cool way to DCA down.

paidzesthumor

A lot of problems with the overall thesis. Few institutions will use crypto as collateral. There will be zero consensus on how much risk weighting to apply and what the haircut will look like across CCPs as reflected in their rule books or bilateral trading partners in their CSAs. Plus if you have to liquidate the collateral, you pay a massive capital gains tax. And if you’re a bank, the existing 1250% risk weighting Basel guidance is really gonna mess up your balance sheet if the B-D entity is holding BTC on the books. Long and the short is institutions will just use tMMFs and tUST; tokenized versions of the same securities and collateral quality they’re already familiar with. Few institutions will accept BTC as settlement for tokenized equities. Seriously, what market maker is going to make a NVDA / BTC market? Oh, and you’ll enjoy another capital gains tax on both trade legs. Not to mention as an institution you won’t be able to net your trading activity with a CCP so have fun pre-funding all your trades. Regulated asset classes will always have a huge risk management firewall between them and crypto even if they’re on similar settlement infrastructure and that risk management firewall means traditional capital isn’t going to be pumping crypto prices. If anything it’ll pump the regulated asset prices.

lilfluoride

Brother please help me understand further. Why do I need to be educated or care that he sold on behalf of his investors? Why should that matter to me? My point was that the biggest BTC influencer in the world sold BTC after preaching about it for years and telling everyone they would “buy the top and hodl forever”. That absolutely spooked the market and contributed to some despair and capitulation.

Sufficient_Row5346

Can someone help me out, people tell me a lot of things. What should I invest in. BTC, XRP, onyx I have 90 in xrp should I transfer to btc or wait or invest more idk how to track idk if it’s gonna go up idk anything I missed out already I don’t want to again

Turbulent-Land-5664

I would so gladly exit there, but I dont think I have enough time to bet on that - I just want some financial security. Having been self employed most of my life and dropping the ball a few times - add in a divorce - I am living pretty skint these days sitting on a shit pile of BTC. It doesnt make much sense.

Express_Ad2791

I think you're both kind of arguing different definitions of alt season. There will absolutely be another rotation where some narrative does 5-10x and everyone suddenly becomes an RWA expert for three months lol. But that's different from the old "throw a dart at the top 100 and outperform BTC" alt season. The game didn't disappear, it just got way more selective.

DontLook_Weirdo

Do they matter? They don't really contribute to BTC in any one way.. they're against it and that's ok, and no one cares. They're an anti BTC fan club with no real motive other than to cross arms and look mad... Lol I don't understand what they want, but they get sooooo spicy mad when someone else spends their own money.

Turbulent-Land-5664

Been there, dont that - I once had 13 rental properties. I just got tired of it and sold it all. I often regret that but I was simply juggling too many balls and my mental health was suffering so it is what it is. So now, if I take some BTC and convert to Fiat, its just because I want some reliable income for my retirement which is an adventure abroad - and already after a few health events I see the clock is ticking to enjoy life while I am still relatively healthy. You cant take it with you. Thank you for your well wishes.

WoodsHippie

A possible plan is to HODL until early retirement, then take advantage of lower Adjusted Gross Income in retirement to cash out of BTC at low long-term capital gain tax rates.

Turbulent-Land-5664

I think youre right, except I am not so sure I want to be DCA'ing out every month, maybe 2X a year, and just topping up the contigency account for my retirement abroad. You did well to be 2011, I did 2017 and feel like Ive seen enough to be pretty level about it all, but I covet my BTC number and I hate like hell to use any of it or lower that number because its always been the only thing that counts - not even what its worth, just what I have. I have to do a HARD mental shift to let go of that idea that the only thing that matters is how much BTC you have,

Clean_Difficulty_225

Haha, yup. They don't even look at annualized ROI anymore or compare it to returns like the broader stock indices. MSTR will be back in the red soon anyways, the whole global macroeconomic environment is in shambles, we're about to have a stock market crash, this recent move in BTC is the pump before the dump.

Turbulent-Land-5664

I like your idea and have played with variations of this idea, I know what I want per month/hear to supplement my pension incomes. I thought to do an automatic reverse dollar cost average monthly, but then I also thought I would rather just do it every 6 mos or a year, when I think the number is good enough. I plan to be abroad, my dream would be having a Landlord that accepted my rent in BTC. Thats pretty much enough supplement - I have the rest covered nicely.

Turbulent-Land-5664

This. The biggest problem I have right now is I cannot earn interest on my BTC so I want to sell some and convert to monthly income for my modest retirement abroad. I really hate the idea of having to reduce my principle (selling coins) when if it were Fiat, I could invest it to give me income and still grow, albeit modestly. We dont live forever, and I am now counting my good years left. If I could see the same numbers as our last ATH I might just sell some then. If I did I owuld have been quite happy with that sum. But I did not and I knew I was stuck into another cycle again whereby my investment was not 'ready' to access yet. I could just fix a number - like say 4% of one (x #'s of coins) and just take that same every year to supplement and do that for 30 years. By then I would be 95 and likely dedd. (I just need some pension supplement)

Potatotornado20

Put half your bag into BTC today. Then put rest of it on 11/20/26. Sell everything on 8/16/28 and rotate it all into a 2x long BTC ETF. Sell everything on 8/16/29. Or for maximum degeneracy, follow above steps but replace BTC with 40% ETH, 40% SOL, 20% DOGE. Do not rotate into any 2x ETFs, just hodl until selling everything on 8/16/29.

hippielovegod

Well, I bought mine at 500/BTC and held them to this day. Just sold a tiny 0.4 when it was 120k, waited until it fell to 50. Rebought the 0.4 and bought myself a beautiful 1964 Fiesta Red Strat.

ordo92

The people that think we are done with the bottom haven't seen a 4 year cycle bear market before. BTC Class of 2016 reporting in.

Beautiful_Level_3259

Just watch. Soon enough people will sell because they will be truly convinced BTC is done as an investment. That’s who. (And that’s the true capitulation bottom/best time to buy).

Beautiful_Level_3259

This is what I don’t understand people say that they are not smart enough to trade BTC when it has ran the EXACT same pattern for over a decade now

Mister_Way

Well, if BTC follows its pattern of highs and lows from the past, then October is the FIRST month in a range of months going to like March where the bottom is expected to be.

Fomo_Family

"risk being left behind" is the bit I'd sort out first. That feeling is usually what ends up sizing the position, and then you're holding something you can't sit through. Also MSTR/BMNR aren't really a sibling to BTC/ETH. They're equity wrappers, so you're getting crypto exposure plus premium to NAV plus dilution plus whatever stocks do that day. When the premium compresses they fall harder than the coin does. Fine if you want that leverage on purpose, just know it's a different bet. Entry timing, nobody in here knows. And I'm not giving you numbers, those are yours.

Always_working_hardd

I'm 56. While buying BTC, I have also been focusing on dividend paying stocks and maintaining my rental properties. For me, retirement is about money showing up without me having to stand in Walmart or Lowes with an apron on. BTC will help me eliminate debt and maybe help me buy more dividend paying stocks or even rental properties.

ironhide3288

I have been hodling since 2014! Got hacked, had the BTC returned - so that was about 5 years of “forced” hodl. I need money by the mid of next month for something. I started liquidating a couple of weeks back - not all at once. But most was sold before this rally. Am I disappointed that I sold before it pumped, absolutely yes. But I also realise that it was money I need at this time. I still have some to be sold. My take is that you sell when you “need” the money. Don’t worry about what price it could go to in the future. If you need the money, sell it - if you don’t need the money, continue to hodl.

Able-Upstairs-9875

The plan is simple, stack BTC for my entire life with every spare fiat dollar. When I die, my only request is that my Trezor model one be placed in my breast pocket next to my heart ❤️.

LordDramatica

False. BTC literally made the same move out of the bear market lows last cycle and never returned. Can the gains be reclaimed? Absolutely. But to say it is “bound to be followed by a decline of the same nature” is provably false, as I’ve already demonstrated. For someone that has spent years trading cryptocurrencies, you should know about disbelief, which is what you’re experiencing.

leopard-monch

This sounds very risky. Irresponsibly short BTC. Anyway, on-topic: my exit strategy is death.

pablo_in_blood

Yeah if the goal is to avoid the emotional rollercoaster of holding BTC, selling and then seeing it rocket would certainly not achieve that

Stupid_devcore

But what about the institutional demand this time? We haven’t really seen ETFs and large buyers accumulating BTC at this scale in previous cycles. If that demand continues while liquid supply stays tight, couldn’t we be getting close to a supply squeeze rather than just an unhealthy pump?

read_more_comments

You are too wrapped up with fiat to understand BTC has value.

Mundane-Outside8943

Did I say anywhere not to buy BTC ? Everyone  should buy .It u r investing long term my post is not for u . This is for the panic sellers and buyers.

Darkpriest667

oh no, I started crypto the first time in 2013, then again in 2016 then stupidly bailed during that crash (12000 USD for 3 BTC I sold at) and reupped back in 2019.. ;-)

Beaesse

Well, I think a lot of old people that have money genuinely believe that because BTC has "no intrinsic value," that eventually it must go to zero, when everyone else collectively realizes it's a scam. I don't know how genuine that sentiment is - that is, how many are actively betting like that and not just getting caught with bad swing trades - but I have seen a fair number seriously state it in popular public spaces like Diary of a CEO, and in various investing-type interviews.

No_Community7021

I think BTC volatility feels very different depending on trading with USD or Euros. With USD must feel like a rollercoaster specially after nearly a year of cheap dollars.

Maximum-Cover-786

Nobody is pumpin BTC lol. It's called a short squeeze. Look it up.

Ucscprickler

Me too!! I bought .05 BTC at $60,000 and sold it at $77,000. After taxes I'm looking at a cool $600. Totally worth the risk and short term capital gains. S/

Then_Adhesiveness990

Yeah sold 3 BTC today made huge profit

KateR_H0l1day

It’s still selling it, regardless of what you barter it for 🤷‍♀️ Borrowing against BTC is an alternative without selling it.

cubeeless

BTC to $400k!

Unlisted_User69420

I’m thinking with the latest bond buyback and debt level we might see more rising BTC price. Or maybe more hoping

RiceMofo

Unless you make your purchase in BTC. How about that pal

Effective_Engine319

While I have fiat income I trade it for BTC and spend my BTC to whoever accepts it. Once I stop having fiat income then my BTC balance will slowly draw down as I find my lifestyle by spending it. Hopefully more vendors accept it then.

IBAN-IBON64

BTC HODL jusqu'à nouvel ATH du prochain Bull 150 ou 200 k . Prise de bénéfice partiel en DCA Mensuel si besoin de liquidités . 64 aussi pas encore à la retraite

No_Community7021

You are still young but retiring soon, I'd wait till BTC matches the last record price.

LTP-N

ITT: Redditor trying to claim victory over a company that still own 840,447 BTC whilst they likely own not even 1.

IllllIIlIllIllllIlll

Once I hit my FIRE number, I plan to gradually reduce my BTC allocation from 80% down to 10% and increase my allocation to more stable assets like stocks and bonds. I had already started the process last year since I hit my number when BTC was between 100k and 120k, but it crashed down before I could fully execute the plan.

hodler1992

That's the spirit bro. BTC is generational welth. Altcoins are gambling just for fun

TrayLaTrash

Itwas so funny seeing yesterday someone comment, " is it still a good time to buy after it just went up". Welcome to BTC!

SlimJimBigDickTim

But the assets he mentioned that jumped (BTC, Gold, Silver) have all been slammed up until recently whereas stocks are near all time highs.

read_more_comments

If you believe in it then BTC is how you save. If you don't believe in it then you will think about how to exit into fiat.

EconomicAffairs

The taco trade is not working anymore on the nasdaq so he did it on BTC. Its just that. It will be delusional to think that a bottom was formed in july of a midterm year some weeks from now... TACO

WhtD3vl

Ja det är nog ett bra tillfälle att köpa så mkt du bara kan, speciellt med tanke på att BTC gick från 620k till 900k på 48h. Efter ett helt års fall ifrån 1,2m eller en helt stilla ståendes marknad.

Correct_Maybe4545

Did you read why they did that? Have you no understanding of how they rate companies and securities? There were criteria made to raise the rating of MSTR. there is a playbook. it was publicized and very transparent. you will see why in a few months/years that MSTR as a company will be insanely valuable. I am not a fan boy. I own BTC and a large conglomeration of stocks/real estate/ assets across several markets. I understand fundamental and technical analysis of companies like this and I can tell you that tax loss sales, balance sheets, SEC requirements, bond rating requirements... many things are involved in a sale. He is not forced to sell and he is not the entire company. You really need a deep dive in this... or not

read_more_comments

He has managed to always have a massively higher purchase price than I ever get. He buys high and sells low like a true gambler. I wouldn't trust his company. All the risk of BTC, with the risk of a company on top with salaries and offices to fund, plus loans out the ass.

ProtectionNatural888

They always have. They just gave an illusion that they didn't. Many world leaders (like JFK and Lincoln) have been "Deleted" from earth for trying to start a currency that would replace the Central banks...you really think they (Central Banking families) are letting BTC exist without their control

WarniCator

Fuck its too late to accumulate cheap BTC. FOMO is kicking it full force.

Robert_71540

The waiting game The funniest part is that if BTC actually hits $40k in October, everyone waiting for $40k will suddenly decide they’re waiting for $30k. And if it doesn’t, they’ll say they were “this close” to buying. The market doesn’t care about our perfect entry. DCA exists for a reason. 😂

New-Plastic9879

People already talking about BTC going to a million. This bull move is going to suck everyone in and then crush their souls.

zezer94118

Stop looking at the prices, it's noise. Define what's your risk tolerance, allocate a portion of your portfolio to BTC according to it. Maintain it. Rebalance once or twice a year. Don't time the market.

mjamonks

Why do you think anyone would ever need or be required to buy it? It's to slow to be a functional payment system and there are a variety of other investments that can maintain purchasing power with our all the risks that come with ownership of BTC.

LionRivr

But imagine in 4 years after a peak of $250k and then price crashes to $120k. Then the price goes from a low of $120k all the way up to $180k within 1 week: “*BTC pumped $60k in ONE WEEK. Four years ago, an entire Bitcoin was worth $15,500.*”

Jayar9000

As many here will confirm: buy BTC and hold, buy more when you can. Expect a drop within days or weeks, don't panic this is normal market manipulation. It will go up again. Alternatively you can take some profit by converting part of your BTC into a stablecoin like USDC and hold it to buy back BTC when it eventually drops again. This is mentally harder to do because cycles are hard to predict and emotions get in the way.

Systemonly69

Well people always do this also I am sure we will see $100K BTC before end of year. Not too sure about ATH Though.

mikitu

He wants to get STRC back to par as number one goal, he keeps saying that. When STRC is back to par he will just smash buy bitcoin and the sats per share will increase, with no MSTR dilution or BTC sales.

Peepzer

Bears are kidding themselves now. Cycle believers should be saying this is the end of the bear now. 200DMA broken. 50WMA is nearby. Historically in every single bear market, BTC has set a bottom, then broken above the 200DMA, tested the 50WMA area, then over the coming months swung above and below the 200DMA before then breaking above the 50WMA. We can have more downward pressure, but to think we'll get any further lower low compared to July 1, that's going against the cycles which are intact. Bessent also has confirmed this week that the USD is still going to zero.

d1rtball

Pretty much. Since it is a grey area, a lot of institutional money won’t touch it. Someone commented that there won’t be massive pumps, but I don’t think that’s technically true. BTC has been a maturing asset, so the floors will get more and more shallow and volatility will reduce, but that doesn’t necessarily mean you can’t get good returns anymore from it. BTC still has a relatively smaller market cap. BTC’s market cap is roughly $1.5T. Gold is roughly $30-35T. If the collective world starts adopting BTC more, there is a still a lot of room for growth. I think that this will be the case. Also, just generally, I would encourage you to use AI (ChatGPT or Claude) as a learning tool. It can answer these questions for you and provide clarification. Don’t take it for gospel though. Fact check the answers it gives you when you ask it questions. It’s a great tool for pointing you in the right direction of knowledge and information.

ReyXbox360

This is absolutely nothing. It was at 120k at its peak and you are saying you cannot wait for a 1mil BTC lol

misterkhanna

And yours got two ! Google Halving of BTC if you can - Every 4 years rate of BTC mining gets reduced by half , it's by design. And this creates a supply crunch and demand automatically increases because most mining is automated. Read more here - Bitcoin Halving Countdown | CoinGecko - https://www.coingecko.com/en/coins/bitcoin/bitcoin-halving

No_Community7021

Just buy it damn it. It's not like BTC is on max or anything.

loasisdulyon

Tu veux pas parier short sur BTC pendant que tu y es ? 🤣

Mattie_Kadlec

The only smart thing that came out of Saylor's mouth is "there is no second best". You might get lucky with a few alts if the run actually starts now but the odds are stacked against you. Buying BTC is the only safe bet on crypto, if you are betting on it

cloud_forest

actually not so, demand could stay flat for a decade and BTC would still increase against the dollar due to inflation. 

Stupid_devcore

well price doesn't matter what matter is you got BTC!

Good_Extension_9642

Selling BTC for an over valued stock was a dumb decision

TeslaMarque

You must be new to BTC. If you’re chasing short term returns, this won’t end well. If you’re a believer in what BTC is, buying at $63 vs $163 isn’t that big of a deal. Unless you plan on “cashing out”. Anyone whos ever believed in BTC for the reason it exists has done very very well. What you’re complaining about is essentially “I could have bought at $63, and it goes up to $77! I’m so mad I need to create a post in r/Bitcoin!” Do you think I care that it went up from $630 to $770? Hmmm….At the time? …..Nah, I was past that already, so you must be very new to bitcoin.

histevenhere

But that’s not the market over there translates BTC to be. It’s moving billions of funds from families who don’t care to understand the asset.

Archangel_America

As Bitcoin rebounds past $71,000–$72,000, roughly 68% to 70% of total Bitcoin addresses and circulating supply sit in an unrealized profit. A bull market will not appear when the majority of holders are sitting on unrealized profits. That has never happened. It will never happened. Despair and capitulation only happens when the majority of holders are walking around with their intestines hanging out. Then, and only then will the BTC Bull return.

Elsa_Holly551

Probably $100k+ but that all depends on mining costs. One could argue that BTC mining always looks more attractive than buying, but costs of electricity and equipment are a big hurdle

NoFapLawyer

Welp. That guy that bought those BTC puts. 🥲

ShittingOutPosts

BTC’s lurking behind the tree in a yellow jacket waiting to fuck this guy’s shit up. It takes most people at least one full cycle to realize you should never speak in absolutes regarding BTC’s future price. They’ll learn.

Good_Extension_9642

By been greedy OP got left out, lesson learned, never bet against BTC