WTF is now wrong, all cryptos down?

[kislokan]

oof FOMO? It was like 55k in September

disappointing bull run if this is the top

 

[EliasIT]

oof FOMO? It was like 55k in September

Why do you think so, as history has shown it is never too late!

 

[elcontestador]

Why do you think so, as history has shown it is never too late!

I don't know how long this run would last. But I'm curious of the thinking process - why didn't you buy at $55k two months ago? Thought it would dump further? Then it'd have been better to DCA on the way down starting at $55k, than going in at $87k. Some people are locking profits at this price, hoping for a dump to $70k...

 

[W Fish]

I don't know how long this run would last. But I'm curious of the thinking process - why didn't you buy at $55k two months ago? Thought it would dump further? Then it'd have been better to DCA on the way down starting at $55k, than going in at $87k. Some people are locking profits at this price, hoping for a dump to $70k...

Not that I know but one reason could be unavailability of funds baack then. I for example buy whenever i have more cash than i need for next week groceries. ,)

 

[kislokan]

I don't know how long this run would last. But I'm curious of the thinking process - why didn't you buy at $55k two months ago? Thought it would dump further? Then it'd have been better to DCA on the way down starting at $55k, than going in at $87k. Some people are locking profits at this price, hoping for a dump to $70k...

Projections are 180 - 200k this cycle

 

[void]

it is never too late!

in the last two weeks 6k+ BTC was mined - BlackRock ETF alone bought 54k+ during the same period - the probability distribution of the next development is rather obvious - nobody is definitely late

 

[Brutus]

What’s going on now? Today, all cryptocurrencies are dropping after showing nice gains over the past week. Are the large investors cashing in their profits now, or what is the reason?

First cycle?

 

[EliasIT]

Not that I know but one reason could be unavailability of funds baack then. I for example buy whenever i have more cash than i need for next week groceries. ,)

exactly, some people just type before they think!

 

[jorge]

Projections are 180 - 200k this cycle

We have heard that high figures before, never got that far as 97K

 

[JackAlabama]

We have heard that high figures before, never got that far as 97K

it may be the opposite now, everyone is super bearish still (including me) and barely no one would expect 500k +.

 

[brianK]

500K+ won’t happen now, not in 3 months, and not in 5 years. After that, maybe. To reach the current BTC level, it took 5 years from the time it was predicted to becoming reality.

 

[void]

500K+ won’t happen now, not in 3 months, and not in 5 years. After that, maybe. To reach the current BTC level, it took 5 years from the time it was predicted to becoming reality.

the process is not linear

 

[JackAlabama]

500K+ won’t happen now, not in 3 months, and not in 5 years. After that, maybe. To reach the current BTC level, it took 5 years from the time it was predicted to becoming reality.

youre obv new to this.
Its basically what i just said before "it may be the opposite now, everyone is".. You cant really predict anything with certainity.

 

[brianK]

youre obv new to this.
Its basically what i just said before "it may be the opposite now, everyone is".. You cant really predict anything with certainity.

Yes, I’m not really familiar with all of this, I misread your post, sorry about that.

 

[cryptofriendly]

Anyway, I can't force myself to buy in these prices

I am buying even at 96K today.
Eyeing a Lamborghini Countach at the end of this bull

 

[brianK]

I am buying even at 96K today.

I thought about it, but I just can’t bring myself to do it.

 

[JackAlabama]

I thought about it, but I just can’t bring myself to do it.

buy the ibit etf, its only 50 bucks.

 

[JohnnyDoe]

I thought about it, but I just can’t bring myself to do it.

Why do you still look at usd price? It’s so irrelevant now even more than before. Just buy whenever possible. I buy on Mondays, for example, and I’ve been doing that for years.

 

[brianK]

Because I still need FIAT to buy my groceries at the supermarket, and there’s always the risk of buying at 97K today only for it to drop to 80K tomorrow. That makes it pretty hard to buy Christmas presents and food with a 17K loss

 

[JohnnyDoe]

Because I still need FIAT to buy my groceries at the supermarket,

There are crypto cards for this

and there’s always the risk of buying at 97K today only for it to drop to 80K tomorrow.

There’s the certainty of the USD eventually reaching zero purchasing power though. Plus, in the meantime your fiat can be frozen/confiscated for whatever excuse.

That makes it pretty hard to buy Christmas presents and food with a 17K loss

Try to buy anything with a currency worth zero.
Just buy whatever you can afford with your current btc holdings, don’t gamble.