Bitcoin

[WiscoHoundsman]

That's dedication...not a dig, I actually have not seen someone before mention daily dollar cost average, usually it's paycheck or monthly or whatever.....admirable grind

Yeah it’s pretty easy. I use the Strike app and move it to cold storage around the first of the month. I think they waive fees if you DCA and you can do any amount. So I check my cash balance and when it gets below $50 I just add another $200 and forget about it. I find it helps get over me get over the swings in price it goes up and down so I’m buying during both.

 

[Idaboy]

BTC bottomed to 80k today, where is next support level?

 

[Poser]

BTC bottomed to 80k today, where is next support level?

76k

 

[bozeman]

I was thinking low 80's before it hit a wall, now, not so sure $72K is out of reach before it stabilizes..........

 

[MountainTracker]

The gov shutdown really sucked all the liquidity out of the market. Something to consider, when this happened in 22 it took 8 weeks to rebound, we are currently 6 weeks in. Even though the gov opened it will take time for the liquidity to make its way back through the system bc of how long it was shutdown. There is also the possibility of the Fed not cutting rates, that is being priced in at the same time. There is also the belief the cycle has ended based off of past cycle timelines.

Some things have changed from past cycles, mostly for the better, which has me questioning where we are in this cycle and if the past holds true to now. If you have a long term outlook then this is a buying opportunity, still rough to see especially if this is the first time you’ve been through this type of pullback.


Sent from my iPhone using Tapatalk

 

[wind gypsy]

That sucks if it happens. If it hits 82,000 that would be a 35% drop from its high. And then have to gain 53% just to get back to even. Thats sounds daunting

 

[wind gypsy]