Bitcoin

[KsRancher]

I don’t know what your average is, but it sounds like you bought at the high end of the cycle???
If you look back at the charts for the midterm years you’ll see what you likely have to look forward to. That’s the bad news. The good news is you’ll have opportunities to keep buying and get your average down. Tune out all the narrative driven analysis, there is just so much BS to wade through trying to find anything useful. The charts have a pretty well defined road map. The latest top and our current prices were called by the better TA guys.
To quote the late Llewelyn Moss… “You’re in the jackpot and I’m trying to get you out of it”

I bought the BTC tracking ETF's. I think I am in around the $107,000-$109,000 range. I dont have it in me to average it down. I am not saying you are wrong. But I just cant pull the trigger. I would agree it would be nice if my average was $89,000 (thats about where I could average it down to). But I dont have the stones to do it

 

[RockAndSage]

I bought the BTC tracking ETF's. I think I am in around the $107,000-$109,000 range. I dont have it in me to average it down. I am not saying you are wrong. But I just cant pull the trigger. I would agree it would be nice if my average was $89,000 (thats about where I could average it down to). But I dont have the stones to do it

All good, just as long as you don't sell.

It might take 2-3 years, but BTC's going to be triple what it is today, after the business cycle has a few quarters on its normal upswing. We just recently dipped into the downturn of the normal business cycle, and large holders are liquidating their holdings of it to cover trades, debts, and other investments, and it has a little further to go down. Probably down to about $55,000-ish range, as the business cycle bottoms. And it's going to bottom hard, probably around August-October. Just expect that, and don't sell at a loss. This time next year will be a very different story for the major cryptos, and 2-3 years from now people will look back at these prices like they look at 1995 Apple stock.

If the price of BTC is what has you gagging, especially with the idea of cost-averaging it down, it might be worth taking a look at XRP and HBAR. Those two are going to be absolutely foundational to the new global financial system, and especially AI-agent powered economic exchange - and they're almost at the cheapest they've ever been. Both today are somewhat like what buying into Bitcoin around 2014 would have been. XRP is about $1.29 this morning, and HBAR is about 8.6 cents per token. Both have a fixed amount that have been mined/minted, and both have foundational utility to how the financial system works.

 

[Silver Wings]

I bought the BTC tracking ETF's. I think I am in around the $107,000-$109,000 range. I dont have it in me to average it down. I am not saying you are wrong. But I just cant pull the trigger. I would agree it would be nice if my average was $89,000 (thats about where I could average it down to). But I dont have the stones to do it

I totally understand where you’re at…which is exactly where I was 4 years ago. I FOMO’d in near the top of the last cycle, with my average being in the low 50s. Like you I didn’t have the stones to buy my average down when I had the opportunity…huge mistake.
I was talking with a friend a couple days ago about BTC. He’s been in since 2017 and has a very nice stack. I commented to him that the difference between now and 4 years ago for me is that I am completely comfortable with where we are and the current prices. In fact, I’m looking forward to adding during this bear market. I have 2 new grandsons and another on the way and I’ve decided I’ll make a buy for them during this time.
Like RockandSage said, you’re going to get your money back and plenty more.
Not to worry.