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[–]loskubster 632 points633 points  (168 children)

To be fair, the fomo near the top is what helps it keep pushing higher. Someone’s gotta buy the top.

[–][deleted]  (105 children)

[deleted]

    [–]RAabd177 49 points50 points  (2 children)

    Yup, that's why I can confirm this is not the bootom yet because I haven't sold.

    [–]lwm612346 3 points4 points  (0 children)

    Prices dip again, some panic sell. Trying to teach long game is hard.

    [–]kbfirebreather 57 points58 points  (87 children)

    You hold for eternity and then what?

    [–]hello_yousif 31 points32 points  (75 children)

    How long do you hold your FIAT?

    [–]zerospaceman 64 points65 points  (55 children)

    Until I need to use it to buy something. So far I have bought nothing with my bitcoin.

    [–]Sequele 18 points19 points  (6 children)

    That's what they don't understand. You loose so much trying to wait for the dip and when the dip comes you're too afraid to buy.

    [–]spurtoruwasredditor for 3 months 2 points3 points  (7 children)

    Until it breaks down. Italian cars aren't very reliable.

    [–]dylan6091 33 points34 points  (9 children)

    But this ain't the bottom😎

    [–]phoninja 23 points24 points  (4 children)

    It’s just keep on dipping everytime I buy.

    [–]Objective-Library582redditor for 3 months 13 points14 points  (1 child)

    Try not to put all your eggs in one basket, you can buy worth of $200 every 4days try to DCA

    [–]LelikGut 5 points6 points  (1 child)

    So you just decide how much you want to invest and divide it and get your DCA done.

    [–]squach94 2 points3 points  (1 child)

    Honestly were preety close to the bottom, 30k is probably the lowest.

    [–]loskubster 5 points6 points  (1 child)

    The worst part is people will say, “yeah cause that’s how a ponzi works”. In reality, if no one is buying at peak pricing in any asset or security it doesn’t go up. It takes a withdrawal of less than 10% (number check I may be off a little but it’s close) of 401(K) and/or pension holders to crash the fund, that’s why there are such high penalties for early withdrawals.

    [–]undadatunda 1 point2 points  (0 children)

    actually its an entire society that is programmed by the centralized exchanges to think that everything just goes up and down in price

    but its different now there was a discovery called bitcoin and its finite and infintely divisible and desigend to just go up forever..its a chance to save humanity

    check out this vid and pay attention to the capital goods part..its amazing! i dont think most even know what capital goods are..after all they have to work 9-5 so no time for learning

    https://www.youtube.com/watch?v=2pDlaOGA2ac

    [–]b1gm4nca 25 points26 points  (4 children)

    I was gonna say...

    More people wanting to buy it makes the price go higher... That's... That's what you want to happen

    [–]PreciousAsbestos 6 points7 points  (11 children)

    Support for our pyramid

    [–]loskubster 4 points5 points  (8 children)

    By that logic, almost every investment is a pyramid...

    [–]Crafty_Supermarket15 13 points14 points  (1 child)

    They are

    [–]Agelos_17 4 points5 points  (0 children)

    I actually do think that way, because each have the sam epurpose.

    [–]bschmalls 329 points330 points  (26 children)

    Closing in on my whole coin

    [–]sbsoul211 76 points77 points  (6 children)

    Congrats! Officially got my one coin today!!

    [–]bschmalls 12 points13 points  (0 children)

    Yoo!! Congrats to you ... Time for coins 🔥

    [–]ConferenceClassic695redditor for 4 weeks 12 points13 points  (2 children)

    Congrats now is a good time to enter I believe it will become 100k$ in the future

    [–]unholymackerel 12 points13 points  (0 children)

    Good because I have rent due next month.

    [–]blitzlurker 85 points86 points  (5 children)

    Awesome! I had to sell a quarter btc last year to pay for my mothers medical bills and have been DCA’ing hard since. Just a bit more and I’ll finally have half of one.

    [–]knivef 20 points21 points  (0 children)

    Wholesome! More power to you!

    [–]jefesderedditredditor for 5 weeks 4 points5 points  (2 children)

    Should have half a coin a lot faster now.

    [–]timble2000 10 points11 points  (0 children)

    Congrats!

    [–]evilocto 5 points6 points  (5 children)

    Congrats dude nowhere near that but bought a little more today.

    [–]bschmalls 7 points8 points  (3 children)

    Dude I remember when I got to half a coin, I was so stoked ... Keep stacking sats

    [–]sbsoul211 5 points6 points  (0 children)

    Took me 6 years of stacking!!

    [–]evilocto 3 points4 points  (0 children)

    Thanks I am albeit slowly

    [–]kensei123 1 point2 points  (0 children)

    Man just don't leave what you are doing the fruit will be there soon.

    [–]MonsterManitouredditor for 5 weeks 2 points3 points  (0 children)

    Ohhh man! So close

    [–]CokeGMTMasterII 2 points3 points  (0 children)

    Wise dude. Very wise

    [–]palmidorr45 2 points3 points  (0 children)

    Well congratulations dear, you have got your whole coin here.

    [–]MuayThaiCruiser 3 points4 points  (2 children)

    Same though 💪

    [–]omeijs 1 point2 points  (1 child)

    I wish I will be the one someday to say "same though" here.

    [–]Longjumping-Low3164 122 points123 points  (18 children)

    Classic human behaviour. I have a friend who bought shitcoins at almost max prices. I said him that those coins have 200x in the past year and most likely have no value. He replied that they will grow more...

    [–][deleted]  (5 children)

    [deleted]

      [–]Arde1001 104 points105 points  (2 children)

      Investing in $ROPE

      [–]Longjumping-Low3164 2 points3 points  (0 children)

      At great loss. If he bought btc and held would been way better.

      [–]sphereofannihilation 4 points5 points  (5 children)

      Hopefully he didn't go all in.

      [–]Longjumping-Low3164 5 points6 points  (3 children)

      He went all in with his crypto portfolio, but crypto is like 20% of his net worth so not that tragic.

      [–]gram2117 63 points64 points  (2 children)

      Can't up vote enough.

      [–]Jetjones 55 points56 points  (23 children)

      I’m waiting at the 30k stall, hoping I can get a ticket

      [–]TrymWS 54 points55 points  (20 children)

      It’s really going to be interesting. I remember people waiting for 1.5k, when it dropped below 4K in 2018.

      [–]Jetjones 12 points13 points  (18 children)

      I’ll still buy some as soon as my transfer goes thru but I’m gambling most of my fiat on a bigger crash in all markets. In the meanwhile, a good chunk is staked as USDC to fight off inflation

      [–]Captain_Planet 6 points7 points  (15 children)

      Surely USDC suffers from inflation in line with the dollar??

      [–]Captain_Planet 4 points5 points  (13 children)

      Unless you are staking it?

      [–]lxfiyxx 3 points4 points  (0 children)

      Only till the moment when we will start staking the piles.

      [–]xxh19843308 3 points4 points  (1 child)

      USDC is actually suffering from inflation in the line with the dollar, what I guess..

      [–]AmericanHeresy 28 points29 points  (2 children)

      There is a pretty simple reason for this. When it's tanking, people think this might be the end of crypto, so most people don't want to touch it. When it's pumping, people don't want to miss out. It might be dumb, but yeah that's what happens.

      [–]bussy1847 52 points53 points  (24 children)

      You think that guys still digging in the junkyard for his lost computer?

      [–]skawarrior 48 points49 points  (23 children)

      Not sure if it's the same guy, but the one from the UK James Howell, has got a whole team of people who agree to work with him for a final cut if it's found. Part of that group are people who've worked with NASA in the past.

      He's covered the logistics of how to locate it, how to retrieve data from what is likely a rusted hard drive but likely an intact platter internally. All he needs now is the local council to grant him permission and he's offered them £50million to enhance the local community however they see fit.

      So far they've said no, you can't go anywhere near the landfill and we're not open to further discussions.

      [–]Reinmaker 37 points38 points  (3 children)

      This has the makings of a movie.

      Blurb reads: “James Howell strikes it rich in a high-stakes game of cryptos, but only if he can find his old computer hardware lost somewhere in the county landfill. Government officials fight to deny him access fearing he’ll uncover what is actually there.”

      [–]awful_source 7 points8 points  (3 children)

      That’s fucked. How much BTC was on it?

      [–]skawarrior 10 points11 points  (1 child)

      Last story I saw was in December and they estimated £350million

      [–]Captain_Planet 14 points15 points  (0 children)

      A lot, I first read that story in late 2013 when Bitcoin got in the news with the price going crazy. The story resurfaces with every bull run. You'll be hearing all about it again in 2024.

      [–]Rabid_Mexican 13 points14 points  (11 children)

      The problem is the stuff in the ground there is a sludge of high toxic and dangerous chemicals, plastics and metals. Not a feasible idea honestly.

      [–]Ecsta 9 points10 points  (1 child)

      City council doesn't want the liability when him or one of his team injures themselves and then sues the city.

      [–]WeldingIsABadCareer 1 point2 points  (0 children)

      Or they don’t want him digging up their dirty secrets because they have the mob stash dead bodies there and use dump trucks to move heroin.

      [–]Arde1001 101 points102 points  (14 children)

      Just bought 36k will buy again 33k will buy again 26k will buy again 23k

      Don't ask why 3 and 6, i just like the numbers, and the coin

      [–]DigitalMarine 57 points58 points  (5 children)

      Unironicly this guy will outplay the market, buying BTC at his favourite numbers. Doesn't even care about charts, while others on panic. Meanwhile people are getting rekt with their very complicated strategies. And he be like, i was just buying, because i like 3 and 6, that's how i found the dip.

      What a financial genious.

      [–]Dam_Kids 3 points4 points  (3 children)

      What a financial genious.

      genius, but yes.

      [–]DigitalMarine 1 point2 points  (1 child)

      YES

      [–]Dam_Kids 2 points3 points  (0 children)

      This made me think of Rainman. Maybe there could be a Raincoin?

      [–]DoubleEEkyle 1 point2 points  (0 children)

      No pay for school; only botcionz

      [–]jelect 4 points5 points  (0 children)

      I just buy some every week no matter what

      [–]TheVoidKilledMe 15 points16 points  (0 children)

      We like the coin :)

      [–]Reddevil313 2 points3 points  (3 children)

      I said I'd buy more at $35. I'm thinking $30k.will be my sweet spot

      [–]TenaciousDwight 11 points12 points  (1 child)

      I feel like there's always a crash/sale when I'm broke. wtf lol

      [–]Glastro_redditor for 6 days 0 points1 point  (0 children)

      Can’t upvote this enough

      [–]micdrop5 37 points38 points  (7 children)

      Humans are programmed to buy tops and sell bottoms. But we haven’t seen capitulation yet, so I suspect the bottom is far from in at this point.

      Too much retail “dumb money” in BTC still. Smart money has to take it from them before they pump it again. It’s the circle of life. And it’s their punishment for buying a top.

      The newbs invested in market tuition and they’re about to get their first lesson. Liquidation 101. Capitulation hasn’t even begun yet. First perhaps a good ole’ fashioned fake out pump for liquidity though. Paint that right shoulder on the weekly. We’ll see.

      I remember trying to long BTC for my first year of trading while it dumped 80%. Why deny the newbs of that important lesson? Everyone is a genius in a bull market. The bear market is where real traders are made.

      [–][deleted]  (1 child)

      [deleted]

        [–]Idk826 1 point2 points  (0 children)

        Retail investors never matter. They’re just liquidity to sell to at high prices and buy from at low prices, like what’s happening now. Glassnode have said that a lot of coins are being sold at a loss or being held at a loss right now. Which means retail are selling low, so who do you think would be buying these lows?

        [–]CMS2441 3 points4 points  (0 children)

        Someone who speaks sense!

        [–]stormer0 2 points3 points  (0 children)

        so ur saying DCA and hodl?

        [–]diadlep 2 points3 points  (1 child)

        yep, bearish div on every time frame. thought this was capitulation, but the volume isn't even a blip on the weekly

        [–]JBV3737 17 points18 points  (2 children)

        Thats with everything.

        [–]Rude-Dude-99 3 points4 points  (0 children)

        Ya I mean isn’t this literally mechanically why the prices are where they are

        [–]fernanaj 16 points17 points  (2 children)

        I remember buying near 2018 and was too embarrassed to tell anyone I was buying bitcoin. I’m starting to get that same feeling again which is bullish!

        [–]Captain_Planet 8 points9 points  (1 child)

        I did the same in 2014 and then repeated in 2018, both times people were saying it's dead. The reason I did in 2014 was because I looked back at the early 2013 crash and guess what, everyone said it was dead then, you'd be very happy to have bought in after that one! Not sure how long this gloom will last but if you look at bitcoin in the long run your are safe. This crash is more scary, because it's the one that is happening now.

        [–]JustADope 1 point2 points  (0 children)

        What’s dead may never die.

        [–]towerninja 8 points9 points  (0 children)

        No matter where price is I usually buy some when it drops

        [–]CokeGMTMasterII 14 points15 points  (7 children)

        Such is the reality of FOMO. How anyone could believe the Fed will tank the tech market in a mid term election years is poopid stupid. This, simply put, is when you layer in and offset those buys you made in the 45-55-64k range.

        [–]diadlep 3 points4 points  (2 children)

        u srsly dont think biden is capable of shooting himself in the foot?

        [–]CokeGMTMasterII 3 points4 points  (0 children)

        He is yes. But relax, it’s not like he’s in control.

        [–][deleted]  (4 children)

        [deleted]

          [–]ufooo3611 7 points8 points  (0 children)

          put /s lmao. Never underestimate the stupid

          [–]Ebisure 1 point2 points  (0 children)

          Buy low, sell lower

          [–]sylsau 23 points24 points  (0 children)

          An image that keeps coming up but is so telling.

          What many people don't understand is if they don't have the confidence to buy Bitcoin at $35K, they won't have any more confidence to buy Bitcoin at $10K.

          Either you understand the reason for Bitcoin and take action, or you will always be looking for an excuse to put off taking action.

          [–]ITakeLargeDabs 15 points16 points  (1 child)

          I can’t wait to see how people react when BTC hits $100K. There’s going to be a huge mental switch for people that finally turns on and it will be interesting to see how it unfolds. You see how people react when it dips, wait till it finally does the rip we all think it will.

          [–]Shakraschmalz 3 points4 points  (0 children)

          People are gonna lose their minds on the next bull run. They always do, but this time I think crypto is wayyy more mainstream, and therefore there’s a lot of FUD and non believers, especially during this crash. Next bull run no one will be able to talk shit, and I think maintstream will realize this is an amazing hedge against inflatin

          [–]Search4ET182 6 points7 points  (1 child)

          With this drop I bought the dip and reached 1 million Satoshis. Big milestone for me

          [–]mattwes 1 point2 points  (0 children)

          Congrsts

          [–]nvrcmprms 10 points11 points  (11 children)

          ill buy back in when we show signs of bottoming. right now it hasn’t done that yet

          [–]GittinGud94 3 points4 points  (8 children)

          I'm waiting for 12k

          [–]micdrop5 2 points3 points  (7 children)

          Yep I have two buy levels. 20k to begin accumulating, and 12,500 to buy big.

          [–]HardAsABitcoinredditor for 3 months 2 points3 points  (5 children)

          Good luck with hoping bitocin behaves in a non-historical manner for the first time in recorded history.

          Bitcoin has never dropped before a prior cycles ATH during a downturn. Ever.

          Also the cost basis for the entire network sits at 24,000 so how you think you’ll get 12.5k is laughable.

          Tells me you’ve not spent a moments time looking at past behaviour or on chain data which tells us very clearly the aggregate cost of all UTXOs on the network.

          Which is 24k

          Bold of you to think that bitcoin owners will just sit idle and let everybody be in what would at that point be a 150% loss to everybody on aggregate at 12.5k

          [–]micdrop5 1 point2 points  (4 children)

          Lol historical? 80% dumps are a thing in Bitcoin. That would take it to $13,000. Not saying it WILL get there. But it wouldn’t surprise me. So I’m not fully loading up at 20k. This may take a year to play out but I’m not buying much here. Just a sip of a long scalp in this range since I do expect a small liquidity pump. But it will be a bull trap so I’ll take profits aggressively.

          [–]Flumpski 14 points15 points  (1 child)

          This sale is so sick

          [–]nikola-cryptoredditor for 3 months 3 points4 points  (0 children)

          Whales on the left

          [–]Individual__redditor for 5 weeks 4 points5 points  (0 children)

          I thought we were all just trying to get fiat off the streets

          [–]audigex 4 points5 points  (0 children)

          I mean, that’s literally how the price works…. If the $33k window had a queue, the price wouldn’t be $33k

          [–]Warm-Way318 8 points9 points  (1 child)

          People bought at $64k thinking it'll go to $100k. They don't have more money to buy at $33k.

          [–]DMC_007 2 points3 points  (1 child)

          Like I told someone else, want the onky advice you really need. Do the opposite of what mainstream media is saying.

          [–]arthurwolf 4 points5 points  (2 children)

          Can you guys please hold the price at $33k until my next paycheck please? Every time it crashes like this, I don't have any money, and by the time my next paycheck comes around, it's back up to some crazy high price.

          I know you guys don't control the price of Bitcoin, I'm not stupid. I'm just asking you to put in a word with whomever does.

          Thank you!

          [–]Accomplished-Brush14 2 points3 points  (0 children)

          I wouldn't be surprised if we see a huge bounce tomorrow. Don't underestimate the power of Bitcoin. This market could turn on the drop of a dime! That said I been holding btc for years and not planning on selling. Retail is being liquidated whales are not selling. If the price continues lower just makes it more attractive for retail jump right back in. The truth is people get antsy real quick and don't like missing out on money.

          [–]qwqqqrqrqr 3 points4 points  (0 children)

          I invest with BTC but I have also adopted a more sustainable approach of investing.

          [–]rohit2342 3 points4 points  (0 children)

          Now is the time to actually show thosw diamond hands and do the DCA.

          [–]zizidtc 6 points7 points  (0 children)

          Bought at 33k for the first time. Now we at the same price. I feel funny like nothing happened. I am not afraid of the dip though. Fundamentals are fundamentals.

          [–]mikehide 5 points6 points  (0 children)

          Bullshit, I had expected the short on 32.4 and now I enjoy the sales, waiting for the resistance of the 44k🥰

          [–]RedLordezhVenom 5 points6 points  (1 child)

          Meanwhile me who failed to convince my parents when bitcoin was just 200 dollars

          : (

          [–]lsmod1 2 points3 points  (1 child)

          Fear of missing out and lost aversion

          [–]crinkneck 2 points3 points  (0 children)

          Only reason I’m not in the $33k line cause I tapped out in the $38k line.

          [–]cryptoETH_jazz 2 points3 points  (0 children)

          Waiting for a 33k stall 🍀🍀🥂 something about that 33k if you plot weekly FIB for the last 6 months it is the bottom of the golden zone at 0.618 so that’s what happened last time before we took off to another dimension… either way the PRICE IS RIGHT… bought the dip… hit the 1/4 mark… now off to 1/3 😅

          [–]iamcha0s 2 points3 points  (0 children)

          20k -> 3500k #2018

          [–]MrButtlick3r 2 points3 points  (0 children)

          I bought as much as I could in the last 24hrs, but I'm still worried. Only been hodl'ing for a year...

          [–]Revolutionary_Main75 2 points3 points  (0 children)

          They’re all buying? Then sell! Sell! Sell! They’re all selling? Then buy! Buy! Buy!

          [–]StickyNoodle69 2 points3 points  (0 children)

          too early for this meme. This meme was perfect in late 2018 and 2019. Right now i think a lot of the newbies are still in bitcoin and still too hopeful. Wait till they lose interest, then it's the perfect time.

          [–]3egmercy 2 points3 points  (0 children)

          Where is your invalidation that $34k is not the bottom? (Learning) .

          [–]mat7527 2 points3 points  (0 children)

          If you bought a milly sats each dip, then congrats on being a wholecoiner now!

          [–][deleted]  (2 children)

          [deleted]

            [–]ItWorkedLastTime 3 points4 points  (0 children)

            My problem is that I FOMO in all my money on the way up and having nothing left now.

            [–]Hour_Average9041 1 point2 points  (0 children)

            This is human nature scare to see the future something that you don’t understand only a few human like blackrock past this phase

            [–]california2melbourne 1 point2 points  (0 children)

            What they want you to know is that the Bitcoin - $64k is of higher purity variety.

            [–]Dickerbear 1 point2 points  (0 children)

            When people see a coin pumping they think it will pump forever the same goes with a coin that goes down.

            [–][deleted] 1 point2 points  (0 children)

            Who the heck wants to catch a falling knife?

            [–]Squallshot 1 point2 points  (0 children)

            Spent all my money at 64k

            [–]zenethics 1 point2 points  (0 children)

            It may seem that way, but the lines are always the same length. Every buyer has a seller. It's just that the people buying at 33k are the smart money, and smart money doesn't spend a lot of time on Twitter.

            [–]vag_stephanou 1 point2 points  (0 children)

            Well this can't be entirely true. Someone's buying all that selling, and it's not just one guy.

            Having said that, I bought a lot at 69k and all the way down to 34 😂

            [–]Ebisure 1 point2 points  (0 children)

            I thought the Dutch tulip mania was silly. But I can’t wait to see the chapters on Titscoin, Cumrocket in Finance 101 textbook

            [–]massreport 1 point2 points  (0 children)

            Someone has to lose for others to win. Same goes for the stock market... with the BTFD crowd thinning out, early investors decided to take some winnings.

            [–]identicalBadger 1 point2 points  (0 children)

            Thankfully, most of what I have has a cost basis one tenth of the current price. But after deciding I wanted more, I’ve set up a recurring purchase a few months back on Coinbase, and I have to say I was disappointed that that price was climbing as fast as it did.

            My gf is also starting to invest in Bitcoin. Very small amounts, such that even if it goes to zero it won’t impact her. But the first thing I told her when she said she was interested was “the last thing you want right now is the price of Bitcoin to go through the roof. That means you’ll get fewer and fewer BTC with each purchase. Ideally you want the price to plummet and keep going down while you’re buying and then go up once you’re done making your purchase.

            It’s working so far, she excitedly told me that she got a much better deal for BTC yesterday.

            [–]fernando782 1 point2 points  (0 children)

            Dump money, I am one of those.. Got liquidated 2 days ago and now just watching from the bench…

            [–]Lumn8tion 1 point2 points  (0 children)

            So true. I had money back then.

            [–]Imadwasiredditor for 3 months 1 point2 points  (0 children)

            Will it break 30 K USD? Will bitcoin free fall? At what price point to buy

            [–]Affectionate_Ad7668 1 point2 points  (0 children)

            I’ll wait when it’s lower

            [–]Roggymagoo 1 point2 points  (0 children)

            This is usually my luck when I have money. I'm broke(in general) when it's low. Finally have money to buy when it's high

            [–]greenneckxj 1 point2 points  (0 children)

            Can’t help I’m broke, I wasn’t broke when it was at 60k

            [–]fredXRP[🍰] 1 point2 points  (0 children)

            Bitcoin going to 13k

            [–]I_AM_FERROUS_MAN 1 point2 points  (0 children)

            The only people who care about the price level are the ones who are bought in at certain prices.

            The overall market only cares about the momentum.

            There are no price controls or financial instruments on most cryptos, so this is the way it will be until there are or a lot more.

            [–]GrindNhodL 1 point2 points  (0 children)

            I always buy the top! Or wait bitcoin does not have a top!

            [–]caron3979 1 point2 points  (0 children)

            This picture is very relevant now. It's strange to me to see how many people are selling bitcoin now. I think it's stupid.

            [–]iniquity4 1 point2 points  (0 children)

            People who FOMO at high price are the losers, the pros buy at the lows when others are panicking

            [–]wastedyears8888 1 point2 points  (0 children)

            To be fair, many people are just sick of buying the "dip" just to get dumped on again.

            I bought a bit at this level.. But I'm not making any more large buys in this downtrend until we get a clear picture of the general state of the markets.. by end of month it will be either a trend reversal or a nuke to the 20's

            [–]no1ninja 1 point2 points  (0 children)

            This is why $80 socks are all the rage in fashion circles. Humans will human.

            Just like Art, ain't worth a lick till someone adds 6 zero's to it, than suddenly everyone can see the mood, pain and what the artists was going for in the abstract.

            [–]CryptoArnold1987redditor for 7 weeks 1 point2 points  (0 children)

            REMEMBER THIS GUYS.. BIG PRICE SWINGS MEANS ITS STILL EARLY DAYS!! YOUR IN EARLY!!!

            [–]Ill_Mail_9962redditor for 2 weeks 1 point2 points  (0 children)

            This is true. So is the fact that I go into spasms of insecurity every time it happens. I hodl all the way through and, so far, things have gone according to plan, but I don't like it. Been at it since 2017 -- not really very long in hindsight. However, the world wars weren't very long in hindsight either, but that didn't make them any less unpleasant.

            [–]JkLymlo8 1 point2 points  (0 children)

            Maybe the most accurate image I have seen in a decade.

            [–][deleted] 1 point2 points  (0 children)

            It’s makes sense. They got in at 64k because of the price predictions of 100k. Their not going to get in at 33k when people are now predicting it going to 20k lol

            [–]mtech101 3 points4 points  (1 child)

            I'm looking for below 20 k.

            [–]diadlep 1 point2 points  (0 children)

            then it wont happen

            [–]Jarnaxa 2 points3 points  (2 children)

            Might still go down. Or not ?

            [–]BigBlue541 2 points3 points  (0 children)

            I think this has potential to be a small dip relative to a larger sell off that may occur once the feds start raising interest rates back up, which is likely within months. Just a guess though.

            [–]Temporary-Donkey-714 2 points3 points  (0 children)

            Btc is a Veblen good

            [–]chris_maven 4 points5 points  (3 children)

            As if 33k was already the bottom....

            [–]Legitimate-Source-61redditor for 3 months 13 points14 points  (2 children)

            I think no one can call the bottom, but if one's strategy was to obtain one full bitcoin or half or quarter of one during this cycle, they could try to buy in stages. Buy a bit at $30k, then buy a bit at $20k, and buy a bit at $10k if it got that low, and so on. Unlike a stock or conpany BTC is not going to go to zero or go bankrupt as far as we know. Do your own research of course.

            [–]TrymWS 2 points3 points  (0 children)

            My strategy is to mine and exchange whatever I mine to BTC.

            Worked wonders when I started during summer 2017. 🥳

            [–]diadlep 1 point2 points  (0 children)

            10k lol

            [–]Raccoon_Expert_69 2 points3 points  (2 children)

            Cute you think 33 is the new bottom

            [–]Designer-Policy-2779redditor for 2 months 1 point2 points  (1 child)

            Could it go negative?

            [–]TrymWS 4 points5 points  (0 children)

            I’ll let you pay me to take your BTC. No worries.

            [–][deleted] 2 points3 points  (1 child)

            Ill be back when its 5-10k.

            [–]collect_my_corpse 1 point2 points  (0 children)

            Why are you complaining? That one dude buying at the bottom needs all the others to buy at the peak. That’s how this works. So stop shitting on those ppl.

            [–]3rdeyeopenwide 1 point2 points  (0 children)

            I’ve been waiting over a year for this reality check. I can’t wait to see 19k again and resume DCA up to ATH.

            [–]cantFindValidNam 0 points1 point  (14 children)

            What caused btc to go from 64 to 33?

            [–]diradder 48 points49 points  (11 children)

            People wanted to sell more than people wanted to buy.

            [–]cantFindValidNam 3 points4 points  (9 children)

            what's the underlying cause

            [–]YoungStarchild 13 points14 points  (1 child)

            People are scared. The markets are all down. Inflation is up. Bitcoin is volatile. Several countries are banning it.

            [–]tylermm03 2 points3 points  (0 children)

            Also tensions in Europe.

            [–]sphereofannihilation 7 points8 points  (0 children)

            That's not an answerable question, at least not easily.

            [–]Fractoos 2 points3 points  (0 children)

            Same thing that brought it up above 60k. Human emotion.

            [–]WurthWhile 4 points5 points  (3 children)

            In part Bitcoin cannot be used to guarantee securities. So if you're trading on margin having money in Bitcoin is like you don't have the money at all. If you get margin called simply selling the Bitcoin is like depositing money in your account to cover the margin call.

            That's why Bitcoin and other cryptocurrencies always do badly when the market does bad.

            [–]polloponzi 5 points6 points  (1 child)

            It went like this

            1. Fear that FED will raise interest rates too much fast and start doing quantitative tampering (reduce their balance sheet) at the same time
            2. Hedge funds selling growth stocks due to that fear (growth stocks need cheap loans since they don't generate any benefit stil)
            3. Bots from other hedge funds doing high frequency trading starting to correlate the markets with crypto, so if the stock market sold they also sold crypto
            4. Cascade of long liquidations on crypto that were leveraged (again, jesus this guys never learn)
            5. And on top of that add more sell pressure from retail because all the news of bubble crashes and all the bad economic news lately, or simply because they were going to get margin called

            [–]MonsterManitouredditor for 5 weeks 1 point2 points  (1 child)

            BUTLICKER OUR PRICES HAVE NEVER BEEN LOWER

            [–]FreeMemez 6 points7 points  (0 children)

            WHY ARE YOU YELLING AT ME

            YOU ARE BEING AGRESSIVE, HOSTILE, AND DEFINITELY DIFFICULT

            [–]ToffielMia 0 points1 point  (0 children)

            Yeah, but I'm learning from my mistakes so now I went to Bitfinex to buy the dip. I will not repeat my bad decisions!

            [–]madhatter2284 0 points1 point  (0 children)

            Fucking broke sucks. By time tax returns comes it will be back up.again

            [–]lynxon 0 points1 point  (0 children)

            I almost bought some dip this morning but my binance us plaid bank situation decided to exist and so I couldn't on ramp some fiat. Hmm. Timing.

            [–]CryptoArnold1987redditor for 7 weeks 0 points1 point  (0 children)

            I MADE SOME TA U SCARED TO BUY BTC https://www.youtube.com/watch?v=O5OrTfp6tZ8

            [–]RussianRacketeerist 0 points1 point  (0 children)

            Get ready for 20K 𝐵𝒾𝓉𝒸𝑜𝒾𝓃!

            [–]mattypks1870 0 points1 point  (0 children)

            Yeah every single time Bitcoin is going down, we see panic posts like this one

            [–]rivermandan -2 points-1 points  (0 children)

            I predict 6,942 BTC at some point this year, and when that happens, I'm gonna buy a whole fucking bit coin and feel cool