RodCrosby Posted February 27 Share Posted February 27 $55k and above. It touched $57k. Quote Link to comment Share on other sites More sharing options...
Jonesy74 Posted February 27 Share Posted February 27 I’ll regret asking this because it’ll crash as soon as I ask, but @jiltedjen I’m curious if you managed to dollar cost average back in as much as you sold and came out with more bitcoin, or if you didn’t get there yet and ended up with less? Genuinely curious, because I think that’s the hardest part. I sold some at 20k in 2017 and timed it perfectly but came out behind because I didn’t buy it all back. Quote Link to comment Share on other sites More sharing options...
markyh Posted February 27 Share Posted February 27 48 minutes ago, dannyf said: I’ll regret asking this because it’ll crash as soon as I ask, but @jiltedjen I’m curious if you managed to dollar cost average back in as much as you sold and came out with more bitcoin, or if you didn’t get there yet and ended up with less? Genuinely curious, because I think that’s the hardest part. I sold some at 20k in 2017 and timed it perfectly but came out behind because I didn’t buy it all back. He paid of the mortgage with 100% of his stash, if he has more than a handful of Satoshi's now i would be amazed. He will never own 1 BTC ever again in his life. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted February 27 Share Posted February 27 Any particular reason why it's suddenly taking off again? I'm not massively invested after getting my fingers burned a bit in the last cycle and just sitting tight on what I already had. But now I'm back in the black I of course wish I'd been drip feeding more funds since then. Hindsight is a wonderful thing! Are we at the FOMO stage? It's a difficult emotion to resist, but looking at the charts it looks like this run has a way to go yet. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 27 Share Posted February 27 3 hours ago, RodCrosby said: $55k and above. It touched $57k. The Bitcoin ETF inflows are regularly pushing 10x daily issuance and there is no signs that this is slowling down. We are also now less than 50 days away when the daily issuance will half. We are literally running out of Bitcoin. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 27 Share Posted February 27 3 minutes ago, btd1981 said: Any particular reason why it's suddenly taking off again? I'm not massively invested after getting my fingers burned a bit in the last cycle and just sitting tight on what I already had. But now I'm back in the black I of course wish I'd been drip feeding more funds since then. Hindsight is a wonderful thing! Are we at the FOMO stage? It's a difficult emotion to resist, but looking at the charts it looks like this run has a way to go yet. As I said, the Bitcoin ETF inflows are regularly pushing 10x daily issuance and there is no signs that this is slowling down. We are also now less than 50 days away when the daily issuance will half. We are literally running out of Bitcoin. Check googletrends and Bitcoin is still not registering anything like the ssearches from previous cycles so retail is still not currently FOMOing. This is purely halvening and institutional buying. I'm sure it will all be banned soon. Quote Link to comment Share on other sites More sharing options...
btd1981 Posted February 27 Share Posted February 27 2 hours ago, MonsieurCopperCrutch said: As I said, the Bitcoin ETF inflows are regularly pushing 10x daily issuance and there is no signs that this is slowling down. We are also now less than 50 days away when the daily issuance will half. We are literally running out of Bitcoin. Check googletrends and Bitcoin is still not registering anything like the ssearches from previous cycles so retail is still not currently FOMOing. This is purely halvening and institutional buying. I'm sure it will all be banned soon. 👍 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 27 Share Posted February 27 1 hour ago, btd1981 said: 👍 🫡 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 27 Share Posted February 27 Quote Link to comment Share on other sites More sharing options...
Bear Necessities Posted February 27 Share Posted February 27 (edited) 8 hours ago, RodCrosby said: $55k and above. It touched $57k. I find it difficult to get any work done when it's going up this sharply. Feels like a waste of time working, might as well just ride the wave. Edited February 27 by Bear Necessities Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 28 Share Posted February 28 Holy sht!!!! Just wait until things start warming up... Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted February 28 Share Posted February 28 $60k Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted February 28 Share Posted February 28 $61k Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted February 28 Share Posted February 28 21 minutes ago, RodCrosby said: $61k And retail isn’t even here yet. Amazing. 🤩 Quote Link to comment Share on other sites More sharing options...
dugsbody Posted February 28 Share Posted February 28 On 27/02/2024 at 13:16, Bear Necessities said: I find it difficult to get any work done when it's going up this sharply. Feels like a waste of time working, might as well just ride the wave. I am a bit sanguine about it at the moment. At least at this level. I long ago consigned my crypto investments to zero or life changing. I got in in 2017, bought what I thought was an amount I was mentally prepared to lose, then bought in a few more times since. But I'm still not a big bag holder like some, so the price I need for a life changing cash-out is quite a lot higher than this. I could cash out now and it would shave a few years off retirement, but for me it isn't worth it. I'll continue to wait until the amount gets me to FU money. The point I can say FU and quit any job. Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted February 28 Share Posted February 28 $62k Quote Link to comment Share on other sites More sharing options...
scottbeard Posted February 28 Share Posted February 28 39 minutes ago, dugsbody said: I am a bit sanguine about it at the moment. At least at this level. I long ago consigned my crypto investments to zero or life changing. ... I'll continue to wait until the amount gets me to FU money. The point I can say FU and quit any job. I felt that I'd ride BTC to either $0 or $100,000 whichever comes first. At $100,000 or close to it I'd sell 50-60% of it, at which point I'm well in profit and the rest can be kept as a little speculation just in case FU day ever came. But I'd be wary though of saying you want to ride it to some monster figure or $0. Surely it makes sense to cash out a little along the way as many others have done? Would be a shame to find you could have had a £200,000 windfall but let it all go chasing £1,000,000. Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted February 28 Share Posted February 28 $63k Quote Link to comment Share on other sites More sharing options...
Bear Necessities Posted February 28 Share Posted February 28 (edited) 21 minutes ago, scottbeard said: I felt that I'd ride BTC to either $0 or $100,000 whichever comes first. At $100,000 or close to it I'd sell 50-60% of it, at which point I'm well in profit and the rest can be kept as a little speculation just in case FU day ever came. But I'd be wary though of saying you want to ride it to some monster figure or $0. Surely it makes sense to cash out a little along the way as many others have done? Would be a shame to find you could have had a £200,000 windfall but let it all go chasing £1,000,000. I guess we all have a different threshold for what constitutes FU money as well. I sold some two cycles ago when it was "new PC" money and I really really needed a new PC. Didn't sell any last cycle when it reached "new car money" (partly because money wasn't so tight and I didn't need a new car, so I was more willing to wait and see). This time around it might be "holiday home in Tuscany money" which isn't far off my FU threshold, and makes it far more difficult to "wait and see". So I think selling half at that level does make a lot of sense. Edited February 28 by Bear Necessities Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted February 28 Share Posted February 28 $64k Quote Link to comment Share on other sites More sharing options...
Bear Necessities Posted February 28 Share Posted February 28 What's happening today? It's up a grand in the time it took me to write a boring self absorbed reply on this thread. It is just going to keep on doing this all year? because this is doing nothing for my work ethic. Quote Link to comment Share on other sites More sharing options...
Huggy Posted February 28 Share Posted February 28 ATH of $69k is tantalisingly close. Be good to see it on the TV news again, that'll help it's exposure and our gainz too Quote Link to comment Share on other sites More sharing options...
Jonesy74 Posted February 28 Share Posted February 28 On 27/02/2024 at 02:31, markyh said: He paid of the mortgage with 100% of his stash, if he has more than a handful of Satoshi's now i would be amazed. He will never own 1 BTC ever again in his life. Which is still a win, paying off his mortgage. But I’m still curious, @jiltedjen Quote Link to comment Share on other sites More sharing options...
warpig Posted February 28 Share Posted February 28 1 hour ago, Huggy said: ATH of $69k is tantalisingly close. Be good to see it on the TV news again, that'll help it's exposure and our gainz too It's likely to have a 30% pullback around the top IMHO. This would be normal and nothing to worry about per se. Traders will take profits at the previous top. Quote Link to comment Share on other sites More sharing options...
Data Dave Posted February 28 Share Posted February 28 5 hours ago, Bear Necessities said: because this is doing nothing for my work ethic. 😂😂😂😝🤣🤣🤣 Quote Link to comment Share on other sites More sharing options...
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