Where are the bitcoin lovers now?

jaygreenb

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After a spike to 14K... a retracement [so far] to the 10K range.

Averaging in anyone? No excuse if you don't [at least buy a little] as you've seen what BTC is capable of.
Chris, is there a price point you will be telling people not to get in? I'm thinking anything under 30k people should be fairly safe through the next major correction, if it follows previous patterns. Anything above that they need to derisk and pull some profits.

On a side note, I bought all my office employees .15 BTC in the summer of 2017 when it was around 3k. Been fun watching them getting all excited about it again, it's been the topic of conversation every morning when we all get into the office.
 
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ChristopherColumbus

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Chris, is there a price point you will be telling people not to get in? I'm thinking anything under 30k people should be fairly safe through the next major correction, if it follows previous patterns. Anything above that they need to derisk and pull some profits.

On a side note, I bought all my office employees .15 BTC in the summer of 2017 when it was around 3k. Been fun watching them getting all excited about it again, it's been the topic of conversation every morning when we all get into the office.
Very generous of you!

I think BTC is due a healthy correction here after a mini-parabolic run up to 14K. I'm looking for a correction as possibly as far as the 6K range... and then a steady rise through to the next parabola in a couple of years.

2878
 

Who Dares Win

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Very generous of you!

I think BTC is due a healthy correction here after a mini-parabolic run up to 14K. I'm looking for a correction as possibly as far as the 6K range... and then a steady rise through to the next parabola in a couple of years.

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In which time lapse do you expect the correction to happen? are you sure it can go as deep as 6k?

I got inside last month and I have some gain (entered slowly), not quite sure what to do now given that summer is not the best moment usually.
 

Machine10033

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In which time lapse do you expect the correction to happen? are you sure it can go as deep as 6k?

I got inside last month and I have some gain (entered slowly), not quite sure what to do now given that summer is not the best moment usually.
I got into bitcoin before it hit 1500. So going on a few years now. My best advice is treat it like a retirement fund. Every pay buy an amount that will not cripple you and just let it keep growing. If you see a big drop buy another batch. Trying to time this market is maddening ! You will find yourself saying man I wish I would have (insert sell or buy) at that price. Just set it and forget it. If it goes parabolic sell some.. put that cash aside and buy more at a dip. My mindset is always sell to acquire a larger quantity of bitcoin at a lower price.
 

ChristopherColumbus

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In which time lapse do you expect the correction to happen? are you sure it can go as deep as 6k?

I got inside last month and I have some gain (entered slowly), not quite sure what to do now given that summer is not the best moment usually.
If you're an investor for the long term... you may as well just hold... and keep averaging in on dips.... in case it takes off to the upside.

Most first buy BTC on the spikes... just the nature of the beast.

Nothing is certain, always hedge.

That all said, the rest of this year could be a long slow grind down in BTC.... and then off to the races. 6K range is my lowest estimate.
 
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wifehunter

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wifehunter

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The beautiful thing about bitcoin is the feeling of the unknown! If your holding bitcoin and buying it... watching the value changes is intoxicating!
Just wait till world gooberment fomo.
 

Pandora

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Very generous of you!

I think BTC is due a healthy correction here after a mini-parabolic run up to 14K. I'm looking for a correction as possibly as far as the 6K range... and then a steady rise through to the next parabola in a couple of years.

View attachment 2878
Crypto seems to be the direction that the world is shifting towards. Anyone not invested in crypto will probably be sorry. This is the internet in 1992. Bitcoin has been steadily going up. If the stock market had the same rate of return that Bitcoin had this past year then media would be going crazy right now. I think the Altcoins will do even better than Bitcoin..

Funny thing is that you can show people the graph and beg them to invest and they still refuse smh.
 
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ChristopherColumbus

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Crypto seems to be the direction that the world is shifting towards. Anyone not invested in crypto will probably be sorry. This is the internet in 1992. Bitcoin has been steadily going up. If the stock market had the same rate of return that Bitcoin had this past year then media would be going crazy right now. I think the Altcoins will do even better than Bitcoin..

Funny thing is that you can show people the graph and beg them to invest and they still refuse smh.
Yup, even Facebook is getting on board~
 

Bible_Belt

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I would never invest in bitcoin. I think it's a dumb idea. But, as an example of seting one's personal bias aside and being a trader, I would own it right now as a short term play. $11,263 right now. I could see it blowing out the old $20k highs and going much higher. It will be 40 to 50k, and everyone in the world will tell you that you are a moron if you don't have everything you own in crypto. Then, the US government will finally find a way to tax, regulate, or outlaw bitcoin out of existence, and it will go from 40,000 to 400 overnight.
 

wifehunter

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I would never invest in bitcoin. I think it's a dumb idea. But, as an example of seting one's personal bias aside and being a trader, I would own it right now as a short term play. $11,263 right now. I could see it blowing out the old $20k highs and going much higher. It will be 40 to 50k, and everyone in the world will tell you that you are a moron if you don't have everything you own in crypto. Then, the US government will finally find a way to tax, regulate, or outlaw bitcoin out of existence, and it will go from 40,000 to 400 overnight.
$400 Bitcoin? woo hoo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :rofl::p
 

ChristopherColumbus

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I would never invest in bitcoin. I think it's a dumb idea. But, as an example of seting one's personal bias aside and being a trader, I would own it right now as a short term play. $11,263 right now. I could see it blowing out the old $20k highs and going much higher. It will be 40 to 50k, and everyone in the world will tell you that you are a moron if you don't have everything you own in crypto. Then, the US government will finally find a way to tax, regulate, or outlaw bitcoin out of existence, and it will go from 40,000 to 400 overnight.
So you would buy the top, and then watch it correct. lol
 
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