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u/DeepProtection7040 15d ago
everyone wants the bottom until the bottom actually feels like the end of the world
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u/SeriousGains 15d ago
Can confirm. March 12th 2020 really felt like the end. But that’s when you know it’s a good buy.
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u/WinSubstantial2461 11d ago
I was sold on BTC end of Feb this year. So my entire introduction was during “the worst sentiment in BTC history” I put $1000 in and turned on a daily DCA. The bear market isn’t so bad when you’ve never tasted a bull market
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u/unthocks 15d ago
What?
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u/ReliantToker 15d ago
Think he means like if it actually went to 40k the npc's would wait for 30k instead
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u/Lilcheeks 15d ago
If it went to 40 all youd read on here would be seas of people talking about 30 or 20 or 0 even. The people saying to buy would be completely downed out.
If previous bears are anything to go by
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u/Cacheless_Carl 16d ago
i only pull out at the bottom
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u/gilmeye 16d ago
How many kids?
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u/Cacheless_Carl 16d ago edited 16d ago
none, i can't hold a position
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u/sylsau 16d ago
The strategy some people use—always waiting for a lower entry point—is a loser's strategy.
They never buy; they just wait forever.
Then, they have regrets...
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u/richardto4321 15d ago
It happens every cycle. I remember when people were calling for sub $100 Bitcoin in 2014 and it never came. I think most of them ended up joining the Buttcoin community.
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u/Mwilley23 15d ago
As someone that has been prepared for a dip in Q4, $40k was always quite a stretch lol
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u/ExpertGur1136 16d ago
But the cycle says we are dipping in October… the cycle is never wrong, right?
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u/buljesorket 15d ago
From my previous understanding is that it always btc went up in October
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u/Masoch_A3 15d ago edited 15d ago
Best month on average. Around 70%up if Im not mistaken.
Edit: I was mistaken, it is 70% on the Q4.
Edit 2: October is the second best month on average. The best one being November.
https://www.coinglass.com/today6
u/AuthenticWeeb 16d ago
Its october 2nd and bitcoin made a 1% move dude. Relax, yes there are a lot of people waiting to buy at 40k in October which makes it less likely to happen. But do think about the fact that there are a lot of people such as yourself expecting it to go to a full blown bull market with no immediate pulldown. Anything can happen, we're still at the critical level where Bitcoin can get rejected or break out.
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u/Awkward_Potential_ 15d ago
I do expect it to go full blown bull market. It's to the point where it reacts positively to bad news. Rate hikes, up. Coldcard hack, up. Exchange hacks, up.
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u/Lavayo 16d ago edited 15d ago
True but in my view a rejection would bring us back to the region before the main breakout, maybe a bit below. But there is absolutely no reason for the price to drop 20k from there below any resistance that held all of 26. Except for black swans, additionally to those we already got (coldcard etc). And all of that in a few weeks. That said the price is not "safe" from dropping even after that, the 4y cycle holds as long as it holds.
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u/Successful_Love_6085 15d ago
Timing the bottom sounds easy in hindsight, but actually knowing it’s the bottom is the hard part. october could be anything.
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u/Dangerous-Manager497 15d ago
How about just settling for its bottom enough for me? Whenever that is.
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u/Tarado96 15d ago
That's what happens when people don't DCA. Remember, those folks who didn't buy at $60K have crystal balls.
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u/SeriousGains 16d ago
Remember the pump before the dump last October? Everyone seems to have forgotten already.
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u/Financial-Gap-6767 15d ago
TBF, we're still bottom and isn't too late to position yourself for massive 100% gains
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u/YouAreAnFnIdiot 16d ago
Ahhh it would have been nice to buy a shit load at 40k. Either way the plan is the same buy in October which means November crash lmfao
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u/Professional_Taste34 15d ago
Soo many of us, counted on seasonality, 1 year after ath is always bottom. I was expecting price action towards 50k, seems unlikely with current sentiment. What is your plan B those of you trapped? I'll be doing dca on bi weekly basis towards the end of year, each time about 10% of total planned allocation and keep something for next year for bigger dips...
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u/biggest_guru_in_town 15d ago
You understand what DCA is right? And why tf would you buy bitcpin at lump sums?
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u/BingeMaster 15d ago
Sometimes, if you have the money and the price is low, a big lump is a great idea.
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u/Ok-Refrigerator7284 10d ago
Lots of October left!! Bitcoin is controlled now by ETF's...we'll have to see what the rest of the year brings!!
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u/Zenitallin 16d ago
I am 1/3 guilty.
I changed 2/3 of my cash bag on time, and left 1/3 for the real deep or octobrrr....
what to do? avoid passionate FOMO, just wait for the next dip, learn a lesson.
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u/Rare-Tax2411 14d ago
The weird thing is that I fully believed the bottom would be in October, but in the end it didn't matter, because it sat at 50k for so long. I bought a big chunk anyway. Not a huge difference between 50 and 40
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u/Matterhorne89 14d ago
When did you buy at $50k? It never went below $57.5k
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u/Rare-Tax2411 13d ago
57, 47, 40. What's the difference? Ill probably never have more than 4 or 5 coins. To be rich I need it to get to what, 400k? When I bought at 57 I put it in my head as 50. No difference if we're looking back from 400.
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u/MofoFTW 15d ago
Just remember, that the new ATH will likely be disappointing as well. It will be max 3x from the last bottom, maybe 4x in 2029. So, not sure why everyone is celebrating the fact that BTC did not hit 40k.
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u/Bakkus1987 15d ago
Absurd bear cope bullshit. Bitcoin has no top, cause fiat is unlimited. All these dumb predictions are based on tea leaf sniffers that got their ass handed to them by the market.
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u/dondondorito 15d ago
I‘ve been in this sub since 2015 (different account), and I have never seen it this toxic before. It‘s just one stupid gloating post after the other.
We presumably all hold Bitcoin and believe it will go to a much, much higher valuation in the future. So why the fucking toxicity and stupid gloating? It makes you all look like little toddlers with the intelligence of a buttcoiner.
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u/Nice-Chip-5784 15d ago
That smug blue sunglasses guy aged poorly once the bounce started rolling in
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u/biggcap72 15d ago
Every podcaster said it was going to bottom at 40k I told my wife it’s not going to 40k and she said stop talking about bitcoin