Bitcoin

[WoodDuck]

For those of you with automated DCA buys, what platform have you found to be best and with the lowest fees?

 

[WiscoHoundsman]

For those of you with automated DCA buys, what platform have you found to be best and with the lowest fees?

I use Strike. With the DCA I don’t think there is a fee unless they are playing with the price they do your DCA vs the actual price at that moment. It’s easy to use.

 

[logem]

For those of you with automated DCA buys, what platform have you found to be best and with the lowest fees?

I use River.com . No fees if you have a re-occurring buy scheduled. And they allow two withdrawals per month without transfer fees.

 

[JVS]

Guess I’ll buy at 50,000.

It hits that I’m buying a whole coin!

 

[fmyth]

20yrs at a very minimum

I've got 1 year and 9 months before I can access my IRA and I'm not worried at all. The price of BTC will reach many new ATH's before you can cash out in 20 years. I'm envious of you. I wish I had 20 more years to wait before selling my BTC.

 

[Silver Wings]

Adding today

 

[Poser]

I added some as well.

 

[Jake Larsen]

I realize nobody actually KNOWS, but are there any strong opinions out there about where this thing bottoms out? 40k-50k? Just curious where other peoples heads are at

I’m a DCA kind of investor. If I pay attention to the volatility I can’t handle it personally. But if it continues to fall off the cliff I’m inclined to throw a chuck of cash at it


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[cardiac5]

I wouldn’t be surprised by 40-50. Definitely going to the 200wma. STRC seems like a good buy but idk how much higher he’ll push the dividend to get back to the $100 price or where it’ll go if we do go below 50k. I’m not buying any btc yet. Historically the low is October of midterm year, I’m just trying to figure out where to park cash until then.


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[Jake Larsen]

Thats what I’ll be curious about. If we drop that low, how many big players won’t be able to hang on, and if how that’ll affect the rest of the market. Apparently a lot of fairly large players DCA is in the 74-76k range, so there’s a lot of quiet panic occurring. What do they do if they continue to hemorrhage? Sell off other assets in order to keep holding? Bail entirely? How many of them are true believers vs people just trying to catch the pump? A LOT of people got into the game since the last 4 year cycle.


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[Silver Wings]

I realize nobody actually KNOWS, but are there any strong opinions out there about where this thing bottoms out? 40k-50k? Just curious where other peoples heads are at

I’m a DCA kind of investor. If I pay attention to the volatility I can’t handle it personally. But if it continues to fall off the cliff I’m inclined to throw a chuck of cash at it


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Strong opinion? No
There is a technical analysis scenario where $34k could be a possibility, but the likelihood is very low imo. I definitely won’t be holding off in hopes of making a big buy at that level… although I will if it happens. I’ll be buying through the bear market which I expect to last into the fall. My mindset is that I will be in the red throughout this time and will not see a roi until next year. Mind you I’m referring to ETF investments/trading and not whatever I have in cold storage, that ain’t for sale.

Disclaimer: the above information is worth no more than what you paid for it

 

[Poser]

What's bad is the ETF market. The cheapest ETF, if you bought in right when it was released in Jan 2024, was $49k. almost all etf holders are in the red including me since I DCA'ed in.

 

[eddielasvegas]

Dang,




Eddie

 

[stevewes2004]

OUCH

HODL


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[Silver Wings]

What's bad is the ETF market. The cheapest ETF, if you bought in right when it was released in Jan 2024, was $49k. almost all etf holders are in the red including me since I DCA'ed in.

I bought an etf fairly early on and sold it at $97.5k a few weeks ago. I got greedy and missed the top by a long shot. I’m nibbling my way back in now at .5-1% of portfolio at a time with a goal of somewhere around 10-15% of portfolio by October…depending on how things play out of course.

 

[2531usmc]

Anybody willing to venture a guess why the drop is so severe?

 

[Poser]

Anybody willing to venture a guess why the drop is so severe?

The whole market is experiencing a considerable drop and crypto is often the first to get sold.