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Economy Bitcoin/Crypto is imploding

hopefully my 401k will get in
My 401K has got to be the saddest thing, and I’m considering not even investing in it anymore so that i can do other investments, wondering if any SD strongmen approach this method of investment in general. It’s 20K after tax contribution, so it is a good amount, but it’s growth is atrocious.
 
If someone is living paycheck to paycheck, you have to do what you have to do. If that's your situation I'm sorry and meant no offense but if someone has enough after expenses to save, my sincere recommendation is to put into this. It's going to go up again. You can count on it

I was just joking bro. I hope it will go up but I'm mentally prepared for it to collapse also.
 
Just lengthen your time horizon. If you think it’s not going up to $1,000,000 eventually then you need to reassess your understanding of the asset. Meaning, it will absolutely continue to go up.

That cycle was rough for alts tho. Made me closer to become a bitcoin maxi.
 
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Screw it.. just bought some BTC.

I know shit about crypto (as everybody else) and I think it might keep falling before going up but at 84k it seemed a good deal. It has to go north of 100k at some point no doubt.
 
Screw it.. just bought some BTC.

I know shit about crypto (as everybody else) and I think it might keep falling before going up but at 84k it seemed a good deal. It has to go north of 100k at some point no doubt.

Hopefully you got it this morning when it touched $80K. Hopefully that is support and we get a relief rally from here.
 
Hopefully you got it this morning when it touched $80K. Hopefully that is support and we get a relief rally from here.
It was around 83/84k... not the best deal I guess but it is freaking hard to time these things.

I would not be surprised if it goes way lower than now. I can hold it for as long it is necessary.
 
Would be fitting for the crypto bro's to have their investment crash to near zero. But sadly the world doesnt always punish those who deserve it.
 
It was around 83/84k... not the best deal I guess but it is freaking hard to time these things.

I would not be surprised if it goes way lower than now. I can hold it for as long it is necessary.
DCA maybe but I think we revert down to 75 at least
 
75 a good buy in price?
That’s my target for re-entry. While it’s impossible to say obviously, the overall liquidity and macro pressures are what is driving this down. The ETFs actually have begun to re-accumulate and I can’t see us ever having another 90% drawdown like we’ve had in previous years. 75 looks good to me.
 
Would be fitting for the crypto bro's to have their investment crash to near zero. But sadly the world doesnt always punish those who deserve it.
Seriously only suckers stayed in for the drop… the real investors had their out planned and they’ll also capitalize on the bottom. Sure some crypto bros are hammered but those who’ve been in the game long enough already sidelined their $$$ and are waiting reinvest.
 
isn't this just the regular schizo up and down which is characteristic of the crypto market?
But if you have bitcoin you want to sell high right? Sell x amount at $110k then invest that back in them it starts to climb again. That's a substantial amount if you consider it's at about 80k now.
 
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