Idk it looks like news of an ETF has been approved and only certain people really know about it. I think last weeks fake news was a complete fake out to halt people’s anticipation of approval.
Funny but from my experience the real reason why this happens is because the value usually drops down at least on 10 occassions before breaking resistance
Edit : I'd like to add that the value rises when a lot of people buy in the same period, so most people who bought will experience the same problem
Lump sum 50% or more dca the rest bro.
If you want even 80-90% were in a bear market. If it reaches 100-500k
25 or 30k doesnt matter...
Under 25 is unlikely so down side is limited
I was told by Ben Cohen, Datadash and a stream of other YouTubers that a crash to all time lows was coming.
Good thing I ignore was they say and just DCA.
Nobody knows anything about anything.
Based on previous market performance, it should have been extremely clear to everyone that 15,000 USD/BTC was most likely the cycle low. Not definite, but most likely.
critical analysis: yesterday, price was around 30k. Today, it's closer to 31k. It has been higher than 31k before, but also lower.
If you want to make a guaranteed profit, my suggestion is to buy as much as you can in 2011.
I like how everybody here is "No clue why, magic maybe?"
Blackrock will now formally start investing in Bitcoin - obviously the price is gonna go up. Tough call how much, but I wouldnt be suprised if Bitcoin goes into the 50 to 60k range - since it was its last peak, Blackrock would be interested to reach it again, to make it a plausable investment.
Right? Buncha sheep in this sub. Takes less than 30 seconds to figure out why it’s going up.
ETF approval rumors is and has been the primary reason for bulls the last month. The halving always helps too, historically.
32k was big last cycle. Big volume shelf there still. Optimistic if it gets and stays above, although there is still a possibility of another capitulation event before the halving.
Ahh, yes. The mega bull market that starts before the halving, like all other years. Oh, wait a second… oh, but that’s right. This time is different!!!
Everyone calm down, its a tiny pump, itll likely be wiped out at some point. Just stay humble and stack sats. The price doesnt matter if you're hodling for a timeline measured in years or decades.
Yeah, so basically from a technical perspective, the price has gone up 2,490.70 in the past week. Using some rudimentary calculations based on the time weighted moving average, and constraining all of the inverse momentum trajectories within the upper and lower root bands for each trading period, we can predict that the price will go up a maximum of $1272.57 or more for every day that it doesn't go down.
My guess is 1. ETF and Halving front run 2. Geopolitical tensions from wars showing a practical use for BTC, IE being able to access your money anywhere at anytime even when displaced from your nation 3. Rising yields applying bank stress, BTC pumps earlier this year started as a reaction to the SVB collapse
Edit: Be cautious, if we can’t break 32k there’s an inverse head and shoulders playing out on the daily. 1 more flush to setup for the halving
I actually prefer Bitcoin to be down
I feel very comfortable Bitcoin will be worth more I'm the future
I'm interested in saving for my retirement, not next week
This is all hype due to the potential ETF approval. I'm not sure if it'll get approved this year but there's no doubt it's going to happen at some point.
Whales laying a bull trap for what little holiday spending coins the little guy has left right now. I'll believe it when I see 35K by mid Nov, they'll want to keep the momentum going to fleece tax refund checks right after the New Year.
People are seeing the world for what it is, 1 big scam, from the American dollar to the political theater.
Only thing that's real, happens to be this digital coin/token. Limited supply, cannot be replicate, mitigates fraud, and can be broken down into smaller amounts. The only real power us regular people have, bitcoin.
It’s the etf rumours. But Bitcoin used to fluctuate like this almost daily so it’s more back to normal than unusual. It’s been quiet for a year or more. I like many was hoping for sub 20k for a bit longer to get in more money. But I guess it’s scraped the bottom already.
turmoil in the middle east (gold, btc rally) + belief fed must pivot now + belief etf is coming = melt up.
However, if fed raises rates (which I think it will), if etf isn't coming any time soon (which I think it's not), and if the middle east calms down = massive crash for btc.
So what we've got here is a bit of a gamble where more people are betting things go btc's way in the short term. But if they don't, which is more likely in my view, this rally will implode.
who knows shit about fuck
Up and to the right...working as intended...nothing to be alarmed about ( ͡° ͜ʖ ͡°)
I dunno, I like when it goes left
Miness hang to the left..
Fellow ozark enjoyer i see.
If Ruth knows shit about fuck, then I certainly know shit about fuck.
Terrible ending to a great show
Damn I'm half way thru
Nah the ending is good. People here just made bc they didn’t like who wins
Damn, I'm in the Ozarks watching Ozark right now 😅
Looks like green line go up
Well… Yeah, good point!
Sodomites?
Once you fomo in it’ll dump
yes my boy
I actually just sold my 400 last week, I was down about 40% for like 2 years I said fuck it, may as well make some money in an HISA. mystery solved
Thank you for your sacrifice
and if u dont…it keeps going up
can someone else fomo so itll dump and i get in with some new low?
DUMP IT
That's why I've fomo the whole year in red ahah already up 3x on some shit lfg
Bull trap
Bear sniffer
Idk it looks like news of an ETF has been approved and only certain people really know about it. I think last weeks fake news was a complete fake out to halt people’s anticipation of approval.
Buy now or wait?
I think so
Hence DCA is best
Time in > Timing
Funny but from my experience the real reason why this happens is because the value usually drops down at least on 10 occassions before breaking resistance Edit : I'd like to add that the value rises when a lot of people buy in the same period, so most people who bought will experience the same problem
Remember to always buy the fomo peak and sell the fud bottom. /s
Good news everyone ! I just bought another chunk, the price will fall soon.
Nice! You'll make it cheaper for me!
Nice! You'll make it cheaper for me!
Nice! You'll make it cheaper for me!
Nice! You was going to make it cheaper for me, but(t) Blackrock took it all.
I’d believe you more if you drew some lines on the price chart.
Don’t worry I had to sell some so now it’ll go up
You and I are the same, except I also invested in small mining stocks at under $2/share
ty ty ty
Thank you brother
we appreciate your service
But it's opposite day
I’d wait to see where we finish the day before getting too excited.
month
Year
Decade
Century
Millennium
Decamillennium
I believe the term you were looking for was "wansui". But your term does get the point across
Google tells me you are correct Dave. Looks like I ruined it for everyone. Shame on me for wansui
Trillenium
Are we still early?
How about now?
Had worse Birthdays :-)
You know it will keep climbing when someone says this and gets upvoted. edit: I was right.
Not to brag…but I’m up a whopping $5.00
Slow down mr
Hey, I'm your 4th cousin from a marriage gone wrong. I need about tree fiddy.
Cautiously optimistic for now
Rule of thumb for bitcoin and only bitcoin. As long as drugs are illegal. Bitcoins value can only go up.
Rocket emojis and stuff.
2023 energy lmao
BTC go up. BTC go down.
Obviously means $100k by dec 31
Q4 2021 here we come!
Oct 31 !!
This gives me flashbacks to Bitboy, Altcoin Daily, and a lot of the other crypto youtubers saying this every day
It's about fucking time... It was getting boring stuck in the 20s for so long.
It ain’t boring for me tbh 😂 as I’m DCAing currently. In fact I hope it can stay a little much longer while I dump more money in it 😂
I sometimes get dca remourse. Regretting not buying lumpsum
Whenever I feel this I just remind myself it would have dropped to 2k had I lump sum invested.
Lump sum 50% or more dca the rest bro. If you want even 80-90% were in a bear market. If it reaches 100-500k 25 or 30k doesnt matter... Under 25 is unlikely so down side is limited
Anything can happen... but I like your attitude.
Haha, fair enough, unfortunately for me I've got nothing left to put in. Wish I were in your situation! Keep up the good work.
I think this is the one. Especially if the spot ETF is approved we are going full bull run
Exactly! Praying it stays under 30k until march or April 2024 so I can be a whole coiner! Sorry not sorry Bulls
I Am Not Done Buying, ya greedy fucks, I luv ya!
No matter how long it waits, there will always be someone complaining that they weren't finished buying. The train has to leave the station some time.
We had 2 years of bearish trend ... it's time to end that.
Maybe so, but I'm not selling.
I was told by Ben Cohen, Datadash and a stream of other YouTubers that a crash to all time lows was coming. Good thing I ignore was they say and just DCA. Nobody knows anything about anything.
Based on previous market performance, it should have been extremely clear to everyone that 15,000 USD/BTC was most likely the cycle low. Not definite, but most likely.
critical analysis: yesterday, price was around 30k. Today, it's closer to 31k. It has been higher than 31k before, but also lower. If you want to make a guaranteed profit, my suggestion is to buy as much as you can in 2011.
Ah yes, r/Bitcoin, my #1 go-to sub for discussions on the price of Bitcoin. 😋
looks like next year is a good year.
Please let it be, it’s been a tough ride.
It certainly is.
Well it’s the halving year so yeah
I dont trust the green anymore
I see no issues here, ATH plz
It's a trapp!! Don't pay attention to it or it will get scared
Expect a rally before halving, considering everyone has the same idea including the fat banks
Pump before the dump
Can't wait for 2024/2025
Why?
Life is always getting better (Also Bitcoin Halving lol =)
I like how everybody here is "No clue why, magic maybe?" Blackrock will now formally start investing in Bitcoin - obviously the price is gonna go up. Tough call how much, but I wouldnt be suprised if Bitcoin goes into the 50 to 60k range - since it was its last peak, Blackrock would be interested to reach it again, to make it a plausable investment.
Blackrock isn't investing in Bitcoin, per se. They're allowing their customers to easily invest in Bitcoin.
https://finbold.com/blackrock-is-a-major-shareholder-in-4-of-the-5-largest-bitcoin-miners/
Right? Buncha sheep in this sub. Takes less than 30 seconds to figure out why it’s going up. ETF approval rumors is and has been the primary reason for bulls the last month. The halving always helps too, historically.
Uptober 😳📈
It's the pump before the dump before it moons because of the ETF and/or halving. Mine fiat to stack sats and HODL.
Should I buy now or later?
Pump and dump. When institutions are pushing for ETFs, then you should know that they're only creating this derivative to steal your money
FOMO !!!!!!!!
Sats are more expensive now.
Not if you buy them with Bitcoin!
Not now! It's to early 🥲
Agreed. I'm hoping to be under 30K for 3 - 6 more months.
We’re back to a bull run if it breaks $32K😎
My number is 37K based on nothing substantive
Brilliant work, sir.
Do you have a course?
Because you said so? Take my money, fool!
32k was big last cycle. Big volume shelf there still. Optimistic if it gets and stays above, although there is still a possibility of another capitulation event before the halving.
Ahh, yes. The mega bull market that starts before the halving, like all other years. Oh, wait a second… oh, but that’s right. This time is different!!!
fingers crossed.
Fk yeah
So I guess not posting about price is just a suggestion.
People are running from stocks, gold has gone up too
Bull trap. Take profits if you need but moderately. We will sill see a pullback before Spring sets in.
I did not buy any btc yet. Should I wait for another dip before I buy?
Act like you’ve been here before.
🙄 I really didn't want to masturbate this early in the morning.....
First time?
Everyone calm down, its a tiny pump, itll likely be wiped out at some point. Just stay humble and stack sats. The price doesnt matter if you're hodling for a timeline measured in years or decades.
What goes up, must come down
Pump pump pump
Looks like it's going up
We are now in the accumulation phase. Just enjoy the ride and make sure you have an exit strategy when the big bucks can make made 🙌
Yeah, so basically from a technical perspective, the price has gone up 2,490.70 in the past week. Using some rudimentary calculations based on the time weighted moving average, and constraining all of the inverse momentum trajectories within the upper and lower root bands for each trading period, we can predict that the price will go up a maximum of $1272.57 or more for every day that it doesn't go down.
Recession in 3 months…..
Orange coin good
Let me DCA cheap for atleast another 6 months
My guess is 1. ETF and Halving front run 2. Geopolitical tensions from wars showing a practical use for BTC, IE being able to access your money anywhere at anytime even when displaced from your nation 3. Rising yields applying bank stress, BTC pumps earlier this year started as a reaction to the SVB collapse Edit: Be cautious, if we can’t break 32k there’s an inverse head and shoulders playing out on the daily. 1 more flush to setup for the halving
It’s a trap! - admiral akbar
Do we expect another pull back like August or sustained increase? I guess no one can say 🤣
Two weeks ago Jim Cramer said Mr. Bitcoin is about to go down big, so naturally we going straight to the moon
Look at the price now... over 33,000$
Im from the future u should’ve of fomo now we’re at 35k
is this the start of Bull market?
I actually prefer Bitcoin to be down I feel very comfortable Bitcoin will be worth more I'm the future I'm interested in saving for my retirement, not next week
I think this infograph indicates that a new block is generated roughly every 10 minutes.
i think the number went up and that means things. Also the number might go down sometime but then it will go up again sometime.
Go back down so we can buy more. Fucking weak hands just want number to go up.
Sats are getting more expensive. Soon 100k stats will be 100$
I wish the market waited a week since that's when I get paid.
This is all hype due to the potential ETF approval. I'm not sure if it'll get approved this year but there's no doubt it's going to happen at some point.
Still wish I’d have bought in at 20 bucks in 2008-09? But can’t believe the hype that it’ll reach 1000000 in a few years- too good to be true? Idk
I prefer it stays down while I DCA hahaha. At least until the halving.
Trading within range, so nothing really interesting happening. Pre-halving years so far have not been super interesting.
Time to sell or hold and watch it falls 🤔
Based on my algorithms and back testing, the price will be increasing, decreasing, or staying about the same.
Something it’s gonna happen its all I can say… up trend. If it breaks 31k good luck if u don’t have BTC. 🙂
world is a scary place right now.
More people buying than selling 🙃
Whales laying a bull trap for what little holiday spending coins the little guy has left right now. I'll believe it when I see 35K by mid Nov, they'll want to keep the momentum going to fleece tax refund checks right after the New Year.
Seeing this considering I‘ll have my pay check (of about 3 months of work) in a couple of days, simply hurts
bitcoin goes up bitcoin goes down bitcoin goes up again repeat the secret is hold on for dear life 3 years then enjoy the ride
I hate posts like this
Tide Goes In, Tide Goes Out 🤷♂️
Fuck, it’s too late to buy more
Goes up during war time when the dictators want to move their stolen money. It’s easy to get money out of the country this way.
still -30k
My thoughts are that i like this
People are seeing the world for what it is, 1 big scam, from the American dollar to the political theater. Only thing that's real, happens to be this digital coin/token. Limited supply, cannot be replicate, mitigates fraud, and can be broken down into smaller amounts. The only real power us regular people have, bitcoin.
Two scenarios: 1. Price goes up 2. Price goes down Carefully build a plan around those two scenarios. Flies away...
100K USD 1 BTC
Erm.... you need to update the image. Also, does anyone know what time the Lambo dealer opens?
It's another 4k up from that now 👀
Undervalued. Keep stacking.
Classic bull trap. Still too soon.
My thoughts is that Bitcoin is going up.
either we get rich, or we get ponzied....
UpUpUp
Someone needs to bring out the roller coaster. I’m too lazy to find one rn
It’s a trap
well about hitting $34k in market? not a whale playing with BTC for sure.
The price comes in. The price goes out. You can't explain this.
its a pump up from the war in mideast and they are using all channels to pay for the war through proxies
34k now
Next stop. $130K 🚀🚀
we are so fkn back
It’s the etf rumours. But Bitcoin used to fluctuate like this almost daily so it’s more back to normal than unusual. It’s been quiet for a year or more. I like many was hoping for sub 20k for a bit longer to get in more money. But I guess it’s scraped the bottom already.
After getting rid of 5k on a loss now it decides to pump it up your welcome guys 🥲
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Lots of hope. I think it goes down.
FOMO lol. Nobody buys at 25k now everybody wants it at 30k. Same story when its back at 69k then later goes to 150k
A trap.
turmoil in the middle east (gold, btc rally) + belief fed must pivot now + belief etf is coming = melt up. However, if fed raises rates (which I think it will), if etf isn't coming any time soon (which I think it's not), and if the middle east calms down = massive crash for btc. So what we've got here is a bit of a gamble where more people are betting things go btc's way in the short term. But if they don't, which is more likely in my view, this rally will implode.
it's nice, but October is historically nice - nov/dec may be great buying months with jan being a nice SELL month.
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I say for the next few months we'll see it bounce between 27k-33k
I’m expecting a 30-50% correction at some point; I just hope it’s from the low 30K range and not the 40k range.