Are you guys feeling bearish or bullish on btc? should i continue to dca in?
Are you guys feeling bearish or bullish on btc? should i continue to dca in?
Gabriel James
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Sebastian Ortiz
i hope to god my loan is wired just before the dip
i expect 40% correction at minimum.
long term bullish as fuck. short term not so much.
Carson Rogers
bullish long term. feel like there is going to be a lot of volatility until big breakouts in early 2021
Nolan Robinson
Cringe, where did you even hear about "muh DCA"?
The whole point of DCA is that you don't attempt to time the price changes, you just put shit in whenever at fixed intervals.
It's a stupid strategy most of the time. If you have a lump sum then you're prob better off using some ROUGH measure of "good price" and whacking in the lot.
Ryder Butler
>dca into a volatile market
>stupid
god the larping is insane today
Sebastian Nelson
I think most people DCA because they're poorfags and just put some in when they get a paycheck.
Carson Foster
I was bullish, but seems like we crab, go down, then repeat. Think I might close my longs and go short since I think we are gonna go back to 8200 if we don't break 8600 and crab there in the next 24 hours
John Green
DCA is a bad strategy. If you were DCA'ing from early 2018 till now, you would only be making a small profit. Imagine if the market kept crashing in early 2019 to below $3k. You would've suffered a bigger loss than the person who invested a lump sum in late December 2018.
Julian James
There could be a short 10k+ spike, but afterwards it's down at least 30-50% i assume.
dca'ing is fine, but i hold some cash and tether back for the big dump. Also have sell orders around 10k with a bit of my BTC stack, just to play safe.
Brody Hernandez
>Imagine
Imagine if anyone gave a fuck what you say
Matthew Williams
anything below $10k will be considered a steal
keep buyin faggot
Jonathan Rivera
chicken shits
BTC will do what you don't expect
It will parabolic to 50k then shit the bed to 15k
prove me wrong.
you can't
Jaxon Jackson
COPE
Brandon Young
Yikes. Dca is a risk reduction strategy. This board is full of fucking idiots.
Charles Miller
>till now
until it goes way higher then it becomes a great strategy
the reason why DCA sucks is because time in the market is more important than hedging against volatility, most people do it with their paycheck which is the only time it makes sense
Thomas Rivera
June is bearish, July and beyond is bullish
Joseph Ward
xactly
upside is massive
these fags need to go home
Jacob Campbell
hedging against volatility is purely psychological and doesn't provide any numerical benefits such as risk reduction
Josiah Gutierrez
SAUCE
Andrew Harris
With DCA, the risk is just spread out over a longer time frame because you're investing in chunks. Overall, the risk is the same if you're betting on long term gain.
Jose Price
that's good too, but i hope it does what i want.
Angel Sanchez
how many payfairs for her?
Blake Gomez
>go all in at 20k with my 1 million dollars
or
>spread my buys out in chunks of 10k/day
which one results in the most bitcoins? fucking mongoloid
Chase Garcia
Benjamin Flores
bullish along with everyone else here
DCA is your best bet
I haven't bought any since march but dumped all my cash in (except for 10k) all through november december january february
I DCA'd a couple thousand every 2 weeks
I'm more bullish on bitcoin than any other alt, more than ever in my history of crypto investing
I feel like we've been down the path exploring alts and they all just sacrifice something (security/decentralization) to compete with bitcoin but never will
Parker Gomez
real nibba here
know nobody fucks with pow
Bentley Thompson
I stopped DCA once it went above $4400.
Only made one big buy, besides some alts that I had put in earlier around $6000.
I still have about 80 % of fiat sitting on the sidelines.
I'll pull it out and buy something else unless it drops to around $4400 again.
I was aiming at $2200 as every other bobo, but I admit that I failed.
Robert Garcia
you mongoloid
get buying now
Adam Ramirez
Although Tether/Bitfinex still looks fucking nuclear, it could be bobo-cope, but no... I'm not putting in any money at these levels unless Tether/Bitfinex is out of the game.
Nolan Bell
Im not poor and i made it by dcaing....
Are you fucking idiot??? lol....
Ayden Morales
No, these levels are shitty.
Don't like the risk/reward, especially with Tether in the game.
If it takes off I still have a decent stack, so I wont cry too much about it desu.
Jaxon Powell
You're a real hero user
Jacob Bennett
a decentralized system needs a fair distribution mechanism
every block reward was earned for securing the system
they were rewarded fairly on a clearly defined schedule since the first block
the continued security has to be PoW to claim transaction fees or else the richest holders can dictate the future of the network without any risk or effort
if the miners act outside consensus their blocks are rejected if they collude to enfore a new consensus they're bricked through PoW change
that's a nuclear option but it's insurance against bad actors
PoS is total shit, the coin creators own all of it and make all current and future decisions with no consequences because they essentially control everything
Joshua Fisher
yeah tethers a bit a thorn in the side isn't it
Daniel Flores
i know my dude. preach
Asher Reed
WHOLE POINT OF DCA is to not obsess over shortterm/midterm prices and do it constantly, you dont stop "dcaing when you get bearish", or pick timeframes like last year to prove it gfets you lower gains than buying bottom selling top lol
So basicly you believe btc or eth will be adopted worldwive 1 day...you put 1k every 30 days until its adopted worldwive end of story lol
You believe btc or eth will be adopted worldwive ypu dont dca you can than gamble shirt/mid term
Landon Gray
sometimes I need to refresh my arguments so I don't sound dumb
Eli Jones
Retard, why would you be going all in ATH?
Jose Myers
or any of the dips from 20k to 17k, 15k, 13k etc... you are disproven. Now have sex, incel
Cameron Anderson
Is this smart or stupid? I need to know.
>DCA into BTC for the next 1 year
>sell at $50k
Will this work? Or will BTC never hit $50k?
Robert Morales
No, you're disproven retard. Buying in early 2019 would've 3x your investment. DCA from 2018 to now would've only gained you 30%.
Carter Morris
nobody, literally nobody that knew about crypto would sit through the entire 2017 and 18 without buying anything until 2019 lol, fucking mongrel, that logic doesn't work.
hey man if you just DCA from 2009 and now you'd have a lot more bitcoin than if you went all in 2019 DURRRR
Lucas Gonzalez
buy the blue sell the red
Isaiah Parker
Long-term? extremely bearish
The "Digital gold" meme doesn't make any sense (most gold is actually used in industrial processes or jewelry) and the "store of value" meme doesn't work because the price jumps up and down every fucking week. A 85% drop does not instill confidence. The rich want a stable asset and that stability can only come from a high liquidity and a low volatility, neither of which bitcoin has. Bitcoin would have to mature over the course of a couple years to be seen as a store of value. Meanwhile fees spike every bullrun and 98% of bitcoin is based in HODLing. A high liquidity directly implies a high volume, which is impossible due to fees.
Bitcoin is just circling the drain. Lightning is a dud. Liquid is a still born. It's over
Julian Foster
actually futures contracts might make my graph irrelevant because miners can hedge their risk and are running on such a large scale we'll probably never see 5,200+ block months
Adam Nguyen
Well, you're just projecting your own biases and decisions onto other people. Nobody with a brain would even be investing more money into BTC after it had gotten full-blown media attention in 2017 and starting correcting big time.
Nicholas Watson
Decided to short btc at around 8600, current target is 8100-8200 at least. 5x leverage on just some chump change I guess, but I think if we haven't shot up yet, then we aren't going to until whales feel properly loaded
Nolan Evans
it looks like buy every color
Dominic Perez
Well put, I have very similar thoughts.
Ethan Gray
kek, this is entertaining.
Luis Jenkins
> buying the most risky asset before tether/Binance collapse and before a global recession
Aaron Allen
you are beginning to understand
it's also called the chad paradigm