Since there is a HUGE crash, will anyone be buying any?
MESO-Rx
Anabolic Steroids
Bitcoin crash buy?
- Thread starter jJjburton
- Start date
Whopperflopper
Member
So glad I placed a respectable order just days ago....
All Nats McGee
Member
I bought 2k at 27,700
Bitcoin isn't an investment at this point. Unless you could get into a time machine and buy when it was 200, otherwise you're not gonna make any money off this stuff as it will continue to crash as more whales exit the crypto scene to pay bills.
Gonna be hard to make money for the next few years from investments without huge risks.
Gonna be hard to make money for the next few years from investments without huge risks.
Megadick3000
Member
Probably going to dump to 20k. Would wait if your looking to buy.
Anyone who thinks bitcoin is dead is going to be wrong like the 1000 other times everyone said bitcoin was dead and was wrong.
With that said, at this point my overall crypto portfolio is in the red. But i held through the entire crypto winter of 2018/2019 so im a patient guy.
Im not in a buying mood, but if i was id be waiting for btc to dip more as it probably will get down to 20k’ish.
BawlsDeep
Subscriber
The only pattern of consistency and accurate prediction about bitcoin that ive ever noticed to be true is this: nobody has the faintest fucking clue where bitcoin is headed or when it will get there.
I bought some recently at around 30k/btc. Ill probably sell at 35k and cry like a bitch at 20k.
Not me. If it falls to 10k I might think about placing a bet. It's a scam but it still has legs. I've done well so far.
I agree no one knows where crypto will end up because all it takes is a few whales to buy or dump big time.
I still wouldn't consider anything an investment right now. Don't put your hard earned money into anything at all, other than something that you can directly use yourself to make money and even then you'd better be really careful.
Until 2025 we're basically fucked, some say the mid-term will turn the economy around, others say we're fucked come 2023.
Ridethelightningbarefoot
Member
Its not a scam. Bitcoin is fueled by the criminal world. It is still encrypted end to end depending on how you send it and hold it.
MR_Midas
Member
Now the stock market is inherently high-risk, as the economy is not stable. The world economy is bursting at the seams.
A buddy of mine made about 50k off Luna when it crashed. He bought it at very close to where it bottomed out. Put in a grand and made 50k off that, basically overnight. It's still now only worth a fraction of a cent, but when he bought it, it had two more zeros in front of it than it does now.
Day trading crypto can really fuck you in the ass if you aren't careful but I still believe that Bitcoin will blow up. The next halving is in 2024 and if you look at the history, it will blow up again not too long after that. Ethereum should be another one to consider holding onto for the long haul.
If you invest now or later to hold onto long-term, I still believe it will get a lot more valuable as time passes.
But only time will tell if I'm right.
Day trading crypto can really fuck you in the ass if you aren't careful but I still believe that Bitcoin will blow up. The next halving is in 2024 and if you look at the history, it will blow up again not too long after that. Ethereum should be another one to consider holding onto for the long haul.
If you invest now or later to hold onto long-term, I still believe it will get a lot more valuable as time passes.
But only time will tell if I'm right.
MR_Midas
Member
You are right, entry points and exit points win here if you play the market quickly. But it is very dangerous and it is necessary to understand very well.
Also, the policy of playing long-term investments is usually winning. The market rises sooner or later. The question is whether you have enough patience and reason.
I bought the majority of my Bitcoin several years ago around $10k. When it first crashed last year I started buying more again monthly. Will continue to do so until the next halving.
What happens when it halves? Does the price rise?
The rate at which it's mined gets cut in half. And yes, if history repeats itself like it has after every halving since the beginning the price will go up. Don't have the exact numbers, but the last ATH happened something like 550 days after the last halving.
MR_Midas
Member
This is a good and true tactic, I managed to buy a little a long time ago
MR_Midas
Member
It also seems to me that we are waiting for the predicted growth, a matter of time, I am sure of this.
I don't think people are through with crypto,so there may still be money to be made, but at some point they will realize it is imaginary and created out of thin air.
In the end it will wipe out fortunes, destroy reputations, and go down as the greatest scam of the last millennium.
In the end it will wipe out fortunes, destroy reputations, and go down as the greatest scam of the last millennium.
