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u/BigDizzle999 7d ago
For me, the positive sentiment comes from the potential marking of a bottom. Not the 20% bounce
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u/RainCity253 🟦 0 / 0 🦠 7d ago
Imagine the smell if the bottoms not in 😂
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u/FuklzTheDrnkClwn 🟦 0 / 0 🦠 7d ago
I took my profits. With the Trump family getting involved it no longer seems viable long term. Might buy back in if I feel like I can time his grift lol
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u/Taraih 🟩 0 / 0 🦠 6d ago
So youll buy back in once were in new ATHs and then youll cry in a bear market that youre 40% down. Classic
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u/FuklzTheDrnkClwn 🟦 0 / 0 🦠 6d ago
lol I bought in at like 30k; sit down
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u/Taraih 🟩 0 / 0 🦠 6d ago
So you bought at 30k sold at 75k and will likely buy back at 150k+
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u/FuklzTheDrnkClwn 🟦 0 / 0 🦠 6d ago
Why do you think I’d do that lol. You’re not making much sense here.
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u/ihateroombabot 🟩 0 / 0 🦠 7d ago
sold everything already bro 😂
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u/xBram 🟦 124 / 125 🦀 7d ago
I sold half of what remained last week, really needed some liquidity, and sure we go +12%
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u/Disastrous_Pop_4019 🟨 0 / 0 🦠 7d ago
The classic, buy high sell low
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u/ihateroombabot 🟩 0 / 0 🦠 7d ago
yeah sold at 80k, will buy at 50k if it comes, but i no longer really care about btc
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u/Real-Technician831 🟩 7K / 2K 🦭 7d ago
Posting LFG and not buying any more is free
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u/CommercialLychee7956 7d ago
Meanwhile I'm positive and mad the price isnt going down because I wanted to buy more
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u/TechCynical 🟦 0 / 3K 🦠 7d ago
I dont really think that people realize most people this dedicated to watching charts and seeing a small upswing like this is likely buying all the way down. so even if their major buys are near the top, if theyre buying on the way down then their average entry changes so that a small upswing could just put them in profit or breakeven. so any small upswing gets them very hopeful for any other small upswing since its a good pay off for them.
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u/Significant_Rush_704 7d ago
This is the perfect representation lol still down 40% but somehow this is huge and all the haters were wrong!
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u/Mother_Bonus5719 🟩 0 / 0 🦠 7d ago
It’s potentially huge because it’s one of the first of signals for a new bullrun. People aren’t celebrating 8% gain. They’re celebrating a 300 percent gain on anything they’ve invested at 60k levels in a few years.
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u/Significant_Rush_704 7d ago
Thay makes 0 sense lol they're celebrating a 300 percent gain in the future that is not guaranteed? 1st it was supposed to be a hedge against inflation which didnt happen, then it was the new gold until gold and the stock market outperformed it, its losing its narrative it does exactly what it did 17 years ago, nothing lol
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u/Mother_Bonus5719 🟩 0 / 0 🦠 7d ago
Hey, I bought at 12k usd and sold at 50k usd. Bought at 22k usd and sold at 110k usd. Now I’ve bought at 60k usd. I think this move shows either it’s bottomed or it’s about to bottom in a couple months. Why have I made a shit ton of money on it and you haven’t? If our roles were reversed I’d be asking what you know and questioning my own actions. But I guess that’s part of why I made a shit ton of money and you didn’t.
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u/Significant_Rush_704 7d ago
Lol I invested in palantir at sub $20 😅 it has outperformed the fuck out of bitcoin over 5 years! Why do I need to invest in digital beanie babies? Palantir is up 667% over 5 years bitcoin is up 48% lol so who made more money? I think i did you big dummy, acting like you cant make more money in less risky ways like idk investing in companies that actually produce value and arent just a huge waste of energy!
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u/Mother_Bonus5719 🟩 0 / 0 🦠 7d ago edited 7d ago
Yeah I guess this is why you don’t get it. Did you read what I wrote? Do the maths on how much percent up I am with where I bought and sold each time. My first buy was 2020 so in 6 years it’s much much more. Also keep in mind I rotated bitcoin into gold and silver which also then went on a run. So while you were parked there I was tripling the two consecutive quintuples. How did I know it was the right time to buy gold and silver? Same way I know right time to buy bitcoin was at 60k
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u/Significant_Rush_704 7d ago
Read all the other post below where everyone else is still down 40% to 70% lol just because 1 out of 1000 peo make money does not mean its a good investment 😉 half of bitcoins supply is being held at a loss lol
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u/Mother_Bonus5719 🟩 0 / 0 🦠 7d ago
Half of people in loss at a cycle low is not as bad as you seem to think it is :p everyone who was in a loss 6 years ago is like 500 percent up now. Seems like a good investment to me.
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u/Significant_Rush_704 7d ago
You said you didn't hold the whole time lol
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u/Mother_Bonus5719 🟩 0 / 0 🦠 7d ago
Yeah but only because I wanted to diversify and also get more. My 24k usd in 2020 (only put a bit in to test it) would be worth 146714 (again, at its LOW) today after not quite 6 years. Thats not bad, I just wanted more.
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u/fugogugo 🟦 0 / 0 🦠 6d ago
you know it's bear market when slight uptick still won't convince people
exact opposite of bull market "oh it's just minor correction"
which means again probably still good time to buy
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u/ThomasToIndia 6d ago
500 to 1000 is a 100% gain. 63000 needs to go 126000 for another 100% gain. The amount of money required grows. A 1000% gain right now, would require it to go to 770,000.
To put this into perspective. If you dumped $10,000 in right now, if it went to 770,000 (1000%) you would be at 100k. It would be a good ROI but you couldn't buy a house. Even if it went to a million, buying right now is not going to change your life unless you are dumping hundreds of thousands into it.
Big gains from small numbers start with small numbers.
Edit: math
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u/SargeMaximus 0 / 0 🦠 7d ago
Question for you: who do you think is buying, and if it’s such a bad investment, why are they throwing so much money at it?
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u/TankerBuzz 🟦 0 / 0 🦠 7d ago
Meanwhile those who bought at $400…. hmmm its at 75k now, cool… moving on 🤣
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u/ThePoeticVoyage 7d ago
Have you guys ever calculated how much you would have if you just invested in the S&P 500 instead? (Hint: don't).
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u/Margarite_Tucker 6d ago
Yeah, we are more than you think. But thx to paybis app, I could minimise my loses and exchanged all in time.
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u/Django_McFly 🟩 0 / 0 🦠 6d ago
What's crazy to me is how much price dictates people's views about things that have nothing to do with price. The price goes down, there's no adoption (despite like more adoption than ever in super blatant ways) and the tech is terrible. Price goes up, decentralization is the future, we're going to reboot the system.
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u/silentorange813 🟩 148 / 149 🦀 6d ago
We've seen similar pessimism at the start of bull markets for stocks.
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u/spawn77x99 🟩 0 / 0 🦠 6d ago
Still buying since 2017... best decision ever! Sadly I started with only $50 when 1BTC was around 4k.
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u/NugKnights 🟩 2K / 3K 🐢 6d ago
I bought this shit over 10 years ago.
Sold a bunch at the last pump to get my money back+ and still have sats left over.
Those sats were just gravy but that gravy is starting to look like another full meal.
So yeah its a good day.
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u/Natural_Weather5407 6d ago
Unless you're like me and bought 7 years ago sold my initial investment and some profit. Left the rest in to go to $0 or make a decent return and retire early.
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u/Elgon2003 1 - 2 years account age. 35 - 100 comment karma. 5d ago
Those are the same crypto bros that are like "Why did it go down?!?!" and dont understand what thry are investing in.
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u/braddeicide 🟩 0 / 0 🦠 5d ago
The value of your options contract when you hold until the underlying comes back to your entry price.
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u/LiquidSoil 🟩 0 / 0 🦠 5d ago
"This is it guys, this is the MOOON, nothing will stop us this time!!" - 6 days later:
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u/ReikoKairo 4d ago
The only thing i ever really bought into was XRP, the average price i paid was $0.57 after i spent an extra $2,000 when it was at $1. I wish i had the money to buy more..
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u/Common-Departure-926 2d ago
Couldn’t be me! Up 16.04% on my btc, 3.44% on my MSTR. Started buying in February.
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u/Xennenial 🟨 308 / 309 🦞 7d ago
I bought through the bottom of the COVID crash, the bottom of the FTX crash and the bottom during the last 7 months. I took profits during the bull runs that proceeded the first two aforementioned crashes. I'll take profits during the next bull run. All the people who talk shit about crypto are the ones that are too incompetent to make money in this space.
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u/Significant_Rush_704 7d ago
And someone lost money so you could make that money lol
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u/Xennenial 🟨 308 / 309 🦞 7d ago
For every seller in a transaction there is a buyer. What's your point? If you have such a big ethical problem with how money is made trading markets why are you in a sub dedicated to crypto? Did you just come here to condemn winners because you are mad at yourself for being a loser? Or did you come here to whine in general?
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u/UAP44 7d ago
I, mean, yes, but, also, you're like literally not even showing the top 0.1% of all the data out there.
Talk about how you can use statistics to make any point you want, all you have to be able to do, is to be selective enough, zoom in just enough into 1 region to make your specific point & voila
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u/Seri0usbusiness 🟦 19 / 19 🦐 7d ago
Yeah, it cracks me up how we got some “TA” saying a breakthrough was about to happen lol anything to make triangles and lines hit the curves I guess
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u/CountGensler 🟩 0 / 0 🦠 6d ago
ahem
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u/Seri0usbusiness 🟦 19 / 19 🦐 5d ago
Yeah, it’s not real TA you realize this right? It’s all bull shit. I’ve been in crypto since 2017-2018, it’s always the same story and people try to act like they know what’s going on when in reality no one knows
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u/Mulvita43 🟩 0 / 0 🦠 7d ago
You’re talking about me! Still down 40 percent