Your thoughts o. The current BTC dip?

[OldManLogan]

What are your thoughts opinions on the BTC situation? I’m far from a sophisticated investor and interested justly in BTC and a few others in the long term… but would love to learn more about the crypto space as a whole. Any advice or thoughts to share?

Been following Camel Finance on YouTube but frankly sometimes it goes way over my head.

 

[traininsane11]

I don’t understand it either so I just buy £50/week and forget about it and hopefully in 10-20 years it ends up being worth a lot more than £26-£52k (money I would of invested)

 

[pesty4077]

Buy Ethereum. More potential for growth long term. Good time to buy any crypto. Last year Ethereum dipped in April to 1472 and hit an all time high of 4946 4 months later. Think about that.

 

[K1]

If the 4yr cycle is still in play than btc topped in Oct...Since the markets are heavily manipulated at this time (Jane Street did pretty good forcing it down $60k with their aglo, as well as WLF playing their manipulation games), it could be another fake out and forced lower before expansion?!

If the 4yr is still in effect, than there was no 'blow off top' this cycle, so I personally wouldn't expect for it to go as low as it would had there been the euphoria top like past cycles...Hoping $58k is the bottom and it's just chopping around trying to break that $70k barrier to move onto the next one.

 

[Hbone]

For me simple investment rule


Buy LOW sell HIGH

I have been buying more! until it passed for SEC regulation these bitcoin companies can say whatever that want !

 

[Squat to death]

I think hard assets like gold and silver are a better long term investment.

 

[OldManLogan]

Oh for sure. A diverse portfolio matters

 

[Squat to death]

Oh for sure. A diverse portfolio matters

I need to go out and prospect for gold this summer since the price is so high right now.

 

[dantes]

I have largely invested in Nvidia this year and it has paid off. I don’t really follow crypto closely enough to feel good about investing in it.

 

[Bigdog727]

Buy.

 

[NeveReveN]

Don’t listen to the doomsayers. And don’t listen to the Going To The Mooners (Sampson Mow for example). The best “plan,” in my opinion, which is worth exactly what you’re paying for it, is to only buy with money you’d blow some other way anyway, not your life savings, with the intent to hold onto it either for your retirement or to hand down to your kids.

I personally feel it will continue to wildly swing up and down, because big players use those swings to massive advantage, but the overall big picture trajectory is up year over year. And definitely up in 5 years and 10 years. Will it get to one million? I think eventually it will. But that might not happen until a gallon of gas is $1,000 and a new Ford F-150 costs $250,000…