That $60,000.01 was from resting bids at $60k. of course i would buy there. that lowers my cost basis marginally. but I've been doing this long enough now to know now it's time to lie in sit like a wolf ready to capitalize. Get ready, it's gonna be worse before it's better but that should excite you. I predict we are about to land somewhere between $53,000 and $26,000 band. Then it's time to enter accumulation phase. Be patient. Keep DCA’ing on the way down and size up when you can. 60k isn’t the bottom
I bought a ton of bitcoin today
byu/HumorParticular4509 inBitcoin
Posted by HumorParticular4509
19 Comments
Should have waited til it dropped to $20K
I say 19,000 to 40,000 price band. But good points
I think we already had the bottom, but Im kinda permabull so..
Please narrow the range. Anybody can guess $53-26k when we’re currently at 60k.
And if that’s your target why are you buying now and not at 53k?
Whole coin dreams looking better by the day
I will buy at 50
It’s currently the 3rd most oversold it’s ever been. Just needed to flush out all of the fools that maxed out their leverage to buy more BTC. That forced a 💩 ton of BTC into the market at warp speed as all of their BTC is liquidated as well as all the BTC they bought on leverage. It’s a double whammy. This same level of oversold marked the bottom the last 2 down cycles. I wouldn’t expect much more from here. Institutional buyers are locked & loaded & ready to pounce on this incredible buying opportunity.
Interesting take. As someone fairly new, this kind of volatility is scary but also kinda makes sense. If we really go that low, i guess patience and DCA matter more than timing the exact bottom. Curious what signals you personally look for before going heavy on accumulation?
If you predict we’ll land between 26k and 53k, then why didn’t you wait and bought later?
I mostly look at the timings in the 4 year cycle. Which everyonewas yapping that it was different and Bitcoin would rip to 1 million, yet it crashed like clockwork within weeks of the 4 year cycle pattern.
If that holds it’s likely to be a bottom around the end of this year.
Ouch 23k might sting.
I also bought at 60k
Mid 40k is the bottom , mid March is that time frame
Nice
Not going below 50k imo
45K-50K coming
Will at least touch 58 200 moving average
Already around that level
28k-37k around mid sept – that purely finger in the air an general vibes. may even go lower to continue with redistribution to new players, sweep out some miners and allow new players in and give shillfluencers are chance to pivot strategies.