BTC ETF
- Thread starter 3ml
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Don't mess with that garbage if you aren't going to actually learn about the coins.I just keep seeing a recurring theme. Thank god I got in early. I dont know enough about it . I jumped on the shib train after it went up but missed it
BTW youtube isn't always truthful so don't take what everyone says at face value.
For someone who doesn't know much about crypto I think you are best to stick with BTC
Oh killer man . Thats solid and honest advice. I guess its a trail and error thing . Just keep learning and figure out what is useful and has real life use . I've tried to learn it . Can't say I make it my full time priority but when posts like this are made I can't help but read it and see if I can grasp anything. Thanks for the advice man . Looking forward to more posts like this from you and seeing where this thread goes . You seem very knowledgeable on this .. wish you the best of luck and hope you strike the riches
I bought into BTCC-B.TO when it came out as I was told it was a no brainer and I bought in big, when it dropped hard I bought more to average down, then it dropped more, FML, and I've been holding for 2 years.
This recent news got the price up to higher than I averaged down to so I just dumped it all. I'm out with a
and couldn't be happier.
This recent news got the price up to higher than I averaged down to so I just dumped it all. I'm out with a
and couldn't be happier.
Thanks! Yea i first got into crypto when i was about 24 i want to say. And like you i went in big time. I figured im young, now's the time to be riskier.
I hate to tell this story because its bittersweet but it i was going to buy BTC waaaaay back in 2013-2014 i believe, and a friend talked me out of it. Id have like 10 of them right now if i listened to myself.
Lesson learned, trust myself first.
Man I have lost more money from listening people than I even care to figure out what it is. I try not to take advice from people now. I will listen and consider the info but I no longer blindly follow advice. I can deal with me making a wrong call, but when I knew the right call and get talked out of it (this has happened too many times) I can't do it anymore.
I remember closing out a position on Bitmex right before BTC popped in 2017.
I had a massive 5 x position. A guy who I know that trades said BTC was gonna crash. I closes the position. A few months later BTC was 17k USD. I was building that position sub 1k....fucking gross.
I remember hearing about btc around 2013. I wanted to buy it but couldn't find it.
Thing is if you paid a few dollars for them there is a good chance you would have sold em. I remember selling whole coins at 1200 USD thinking I was smart because I doubled my money.
Is that an ETF?I bought into BTCC-B.TO when it came out as I was told it was a no brainer and I bought in big, when it dropped hard I bought more to average down, then it dropped more, FML, and I've been holding for 2 years.
This recent news got the price up to higher than I averaged down to so I just dumped it all. I'm out with a
i mean you still almost 3x your money! hindsight is 20/20.
Two sayings i learned when i got into trading:
It's never wrong to pull a profit.
Bulls make money. Bears make money. Pigs get slaughtered.
Could it be, possibly, that some people today see the value of BTC as long term as a currency due to how our world is going.
There's been overreach growing from our gov for decades now, really ramped up the last 5 years. Ahem... I think today or yesterday the gov quietly applied for a digital currency trademark for Canada.
So if our future hold say a Canada wide digital currency that can be tracked literally to the penny, as well as erased. Shrunk or frozen, maybe the long term holders are holding onto it as a currency for the future, maybe the only currency of the future , where transactions couldn't be tracked.
Those cyberpunks can be outside the box. So is my tin foil hat on too tight, or is it just the right fit??
There's been overreach growing from our gov for decades now, really ramped up the last 5 years. Ahem... I think today or yesterday the gov quietly applied for a digital currency trademark for Canada.
So if our future hold say a Canada wide digital currency that can be tracked literally to the penny, as well as erased. Shrunk or frozen, maybe the long term holders are holding onto it as a currency for the future, maybe the only currency of the future , where transactions couldn't be tracked.
Those cyberpunks can be outside the box. So is my tin foil hat on too tight, or is it just the right fit??
Bitcoin's origin story has a lot of anarchist sentiment which is still around quite a bit interestingly, which makes no sense to me.(scroll back a few pages where i outline my take on how BTC is run by central bank money if you're interested)
Here's the real truth about the BTC ETF no matter one's take on the technology. Wall street wants another thing they can get in on. A new market cycle, a new thing to pump and dump to continue to make money and beat inflation. Their survival depends on it. Now instead of the hassle of buying crypto, someone can just dump money right from their brokerage account into these things. It sort of legitimizes crypto in the eyes of their customers who are mostly wealthy baby boomers who aren't up to date on it. Anyhow, the financial participation will increase like crazy.
As far as governments go, if LE wants to get you, they will get you. That being said the black market is usually ahead and LE has to do the catching up so it will be interesting to see how the technology innovates around them
Isn't that the worst. Serious money down the drain
That has always been one of the reasons people got behind it.
It's changing though. Massive mining operations make it more centralized, It is still de-centralized but some of these mining companies are massive.
You can be anonymous if you are really good with bitcoin or atleast extremely hard to find. The thing is one little slip up and all your work to make yourself anonymous is wasted.
Swapping in and out of privacy coins, tumblers are tools that can be used.
Same story for me, my foster brother talked me out of it.
Retrace to 46 or retrace back to 35 ish? These are the two big support levels I've been hearing about it could revisit before the halving. But will it go to 60 first? Will it go back down noticeably at all now?
Careful who you listen to, since no one really kknows. The one thing I do know is BTC usually does something different than everyone expects.
In my opinion 35 is unlikely at this point.
At this stage I really I wont pay too much attention to the movements since I dont have time to trade like I did last Bullrun.
I started packing my bags for this in 2016, added a bunch in this summer and fall. Now I sit and wait to start taking some cream off the top. I wish more friends and family would have listened to me 8 years ago. I still can't believe how many people still have zero BTC