Oddbean new post about login | logout I love Bitcoin, but would you buy more at these prices? What future would hurt you more? -Buy more Now, watch it tank and buy more at $15k? OR -Not buy and watch it go to $500k Having Bought the Top and ridden it all the way down 2x, I can tell you which I'd choose. #Bitcoin
The bitcoiniest answer is that you’ll be buying as long as you’re alive so it doesn’t really matter lol
yeah for sure. this is me trying to answer the questions of someone who is dabbling and not fully in it yet. they will be sucked in completely this cycle
I don't hold dollars. That's my answer.
same, but I have nonbitcoin investments (🍷) this is me trying to rationally answer someone who isn't a psychopath
I don't know if I would, but I would sell dollars at these prices
so you wouldn't liquidate anything to buy that isn't already worthless?
You're right, I would sell used electronics and some chairs too
aha! that's different! contrary to popular opinion chairs demonstrably have intrinsic value
rolly chairs are good for office races and spinning your kids but I don't know the floor is nice too if it means more sats
spinning your kids is priceless tho. this one is tough
pick them up with your arms and doing them that way, workout + priceless fun + more sats #winning
fuckin a. genius
Personally, I’m buying. If I had zero Bitcoin, I would really be buying.
same, but I'm always saying that. My DCA is just wine sales for bitcoin
if you have zero right now you should wait until the next bear market
absolutely buy now. this should be a no brainer for anyone, especially nostr
I strongly disagree
@BenJustman and nostr:@aranzhevaya_petitza My savings is 95% in bitcoin. I am still buying. At what point will you stop buying in this bull market?
Fuck the price, I’m buying.
💯
I buy every day regardless of price. Not here for quick gains and I have better things to do than timing markets.
well said. I don't time my buys, the market does by people buying my wine with Bitcoin. that lands to buying more tops, but who cares. we have better things to do 💪
I'll buy till fiat dies.
ain't no other way 💪
Option 2 for sure.
ain't no doubt in my mind
Every morning there are two things that I know for sure happen, the sun raises even if behind the clouds, I DCA the coin.
the coin gods approve
How about DCA daily (NOT the ETF)? HODL 5+ years, preferably 10+. Enjoy. KISS If you want to cut your DCA down during highs, that's fine. And if #Bitcoin drops 30% or more double up your DCA. Others should do what you are doing Ben - learn a skill that others really value (wine) so they can EARN Bitcoin in the future!
plenty of people have skills they can sell for Bitcoin! mine is just tangible. agree with your DCA comments. my DCA is wine sales. in Bitcoin. goal is to be ready for more than that during the next bear
Just contribute positively to society, spend less than you make, and you'll be ok!
well said and looking forward to the day hat more people see this
well said and looking forward to the day hat more people see this
After the first halving, the price shrank to 10% of the high, or 90%. Subsequent halving's had the price shrink to 20% then 15%, then 20% from that cycle's highs. My most conservative estimate is 15% down from this cycle high of 150k, at 22,500$. Others have suggested 40K or 50K bottom in the next bear cycle. I'll probably be wrong. With the ETFs and the halving pumping the price to ridiculous levels, really a historic event for boitcoin. Either way it will be interesting. This is a solid analysis by Rajat nostr:note15lk0fce5skttqt5279s8nwusp7yula0grw80ffkn4ah7r728vj7svjmnq6 note15lk0fce5skttqt5279s8nwusp7yula0grw80ffkn4ah7r728vj7svjmnq6
do you think he's "the Bitcoin guy" as his bio suggests?
he's a bit scammy tbh
that was my gut reaction to his profile. probs has some good insights too tho
Yeah, too bullish though.
wait, ur a bear?
there's a spectrum of bullishness and I'm on it.
I triy to follow my intuition, and my intuition tells me to wait until the next bear market.
if you aren't mostly deployed now I'd have questions about your bear market activities. I too am already thinking about the next bear
yes, I was fully deployed around 20 to 30k..
he's a bit scammy tbh
that was my gut reaction to his profile. probs has some good insights too tho
Yeah, too bullish though.
wait, ur a bear?
there's a spectrum of bullishness and I'm on it.
I triy to follow my intuition, and my intuition tells me to wait until the next bear market.
if you aren't mostly deployed now I'd have questions about your bear market activities. I too am already thinking about the next bear
yes, I was fully deployed around 20 to 30k..
yes, I was fully deployed around 20 to 30k..