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14657314

BTC Bull killing me Anonymous Mon Jul 8 09:26:38 2019 No.14657314 [Reply] [Original]

I've been 100% in BTC since Jan 2018 and this Q2 runup to 14k is ruining me mentally.

>spent entire 2018 planning to at least double if not quadruple my BTC stack
>my conviction in Bitcoin is absolute
>in December 2018 I kept telling EVERYBODY to fucking buy Bitcoin, nobody listened of course
>started buying myself, but only for about 1k, but then got cold feet because all the TA fucks I followed were saying the bottom is not in
>got greedy wanting to buy as cheap as possible
>Q2 Bitcoin starts pumping and I think to myself that I will go balls deep after a dip, hopefully at no more than 6500
>there is always a dip, right?
>nope, we go straight to 14k, barely touch below 10k and now pumping again
>didn't increase my stack by even 5%

I wanted to take out a loan and put half my savings in, I wanted to quadruple my stack. Planning my perfect move for over a year, only to get facefucked by the Bitcoin bull.

I already have enough to make it into the Citadel, thats the only thing keeping me from absolute despair. Can't imagine what the aware nocoiners must be feeling.

>>	Anonymous Mon Jul 8 09:30:26 2019 No.14657366 Also, I can't about it with anyone, because all my friends and family are normie nocoiners who have no fucking idea about The Transformation, or own very little BTC themselves so I'd look like a humble bragging asshole.

>>	Anonymous Mon Jul 8 09:31:00 2019 No.14657377 >>14657314 >started buying myself, but only for about 1k, but then got cold feet its always the same story with you ta ppl. just slowly stack dca style and quit being such a hysterical whiny fag.

>>	Anonymous Mon Jul 8 09:32:13 2019 No.14657396 >>14657314 Never get greedy. Most people don't end up in profit so even if you only ever get 50% of pumps you are still doing better than most.

>>	Anonymous Mon Jul 8 09:36:39 2019 No.14657446 >>14657377 >DUDE DCA DURING THE PUMP SO YOUR LEFT HOLDING HEAVY BAGS WHEN IT DUMPS LMAO

>>

Anonymous Mon Jul 8 09:43:42 2019 No.14657548
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>>14657377
>>14657396
You are both right and this is all my fault. I'm just still coping with the fact that I will never have 21 BTC and cursing myself for being a retard, despite knowing better.

>>	Anonymous Mon Jul 8 09:57:00 2019 No.14657706 >>14657314 Anon, don't be retarded. The growth is unsustainable. A lot of people are going to get JUSTed.

>>	Anonymous Mon Jul 8 10:06:59 2019 No.14657851 >>14657314 dogecoin usually follows later Thats a safe bet

>>	Anonymous Mon Jul 8 10:09:04 2019 No.14657888 At least you are not so stupid to hold alts.

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Anonymous Mon Jul 8 10:33:09 2019 No.14658277

>>14657706
I don't know man, I expected a several week hard correction after that 13.7k wick, but instead of that the price is now consolidating near the highs, looking like it might pop up any moment.
It already looked unsustainable and ready to dip at 8k. No previous Bitcoin bull market started in this way. There was always a dip.

>>	Anonymous Mon Jul 8 10:35:40 2019 No.14658310 How much BTC you got op? And how much fiat do you have waiting on the sidelines?

>>	Anonymous Mon Jul 8 10:36:18 2019 No.14658321 >>14658277 There was a 30% dip

>>	Anonymous Mon Jul 8 10:37:49 2019 No.14658347 >>14658277 This feels a lot like the 2017 run. A LOT like it. Keep in mind that bull run lasted a few weeks. There's gonna be blood when it's over.

>>

Anonymous Mon Jul 8 10:43:04 2019 No.14658445

>>14658277
>No previous Bitcoin bull market started in this way. There was always a dip.
The previous bull market went from a bottom of 150 and did a parabolic jump to like 480 before correcting back to like 320.

This thing went from 3800 to 14k.
The dip to 9600 might've been it, or there might be one last dip to below 9k, either way it'll look pretty similar to the previous run imo.

>>

Anonymous Mon Jul 8 10:45:18 2019 No.14658482

>>14658310
4 BTC, 20k cash, 40k line of credit.

>>14658321
Correct. It feels like that was the last chance of buying below 10k and it only lasted like an hour.

>>14658347
Look at the google trends and observe your surroundings. Normies are not getting, nobody is talking about Bitcoin. It feels like maybe end of 2016, early 2017.

>>	Anonymous Mon Jul 8 10:48:10 2019 No.14658530 >>14658347 retard it's like late 2015 all over again the fuck are you talking about 2017? we just had a year long bear market lmfao

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Anonymous Mon Jul 8 10:52:58 2019 No.14658598

>>14658482
>Look at the google trends and observe your surroundings. Normies are not getting, nobody is talking about Bitcoin. It feels like maybe end of 2016, early 2017.
There is some buzz on the news. I remember the article BITCOIN CRUSHED TO 10000 giving me a good laugh.

>>

Anonymous Mon Jul 8 10:58:04 2019 No.14658676

>>14658482
> it only lasted like an hour.
That most likely means you have a second chance.

Corrections (i.e. dips after a pump, or bounces after a dump) usually occur on multiple timeframes (i.e. they happen on the 5 min candles, then happen again on the 1 hour candles if it was too quick to appear as anything other than a wick there, then happens again on the 1 day candles if it was too quick there that it was just a wick, sometimes even on the 1 week candles).

That was so invisible on any higher timeframe it virtually didn't happen at all. So we will still get a correction on a bigger timeframe imo.

>>	Anonymous Mon Jul 8 11:06:22 2019 No.14658801 >>14658676 Well, there is hope as long as we are below 13k, but after that the boat is gone for good imo.

>>	Anonymous Mon Jul 8 11:15:01 2019 No.14658911 >>14657314 bottom still isn't in

>>	Anonymous Mon Jul 8 11:24:05 2019 No.14659065 >>14657314 well you're a retard. I loaded up on ETH at 300, then again at 150, then again at 100. I left myself a bit of a fiat cash to put in if it ever dropped to 50.

>>	Anonymous Mon Jul 8 11:49:17 2019 No.14659447 >>14658911 We are like 5% away from cementing the bull market. Unless you think bitcoin is going to zero.

>>	Anonymous Mon Jul 8 12:01:15 2019 No.14659629 dont worry OP, you will get a chance to buy the dip when it dumps from 100k to 20k

>>	Anonymous Mon Jul 8 12:23:49 2019 No.14659980 >>14657314 wats the big difference between 3k and 2k? or even 1k? when 3k was in u should of bought at least one. btc never goes below the atl of the previous year

>>	Anonymous Mon Jul 8 12:31:43 2019 No.14660123 >>14659980 2015 low went below 2014 low, and this bear market looked similar to it

>>	Anonymous Mon Jul 8 12:41:35 2019 No.14660286 >>14659629 >100k I can't believe we'll have 1tln+ marketcap. I wish I could ask a reasonable person about the odds. People are either completely ignorant about crypto or retardedly bullish.

>>	Anonymous Mon Jul 8 12:48:49 2019 No.14660402 >>14657314 Why do you listen to other people? It's your money and your decision. Following other people for investing tips is one of the worst mistakes.

>>

Anonymous Mon Jul 8 13:04:51 2019 No.14660608

>>14660286
Bitcoin liquidity is a network effect. The more liquid Bitcoin is, the more liquidity is unlocked from other stores of value. This feedback loop exists thanks to the absolute scarcity (21M cap) secured by decentralization and censorship resistance.

In other words, 1tln is just one step on the logarithmic ladder from 100 billion. Eventually 1 BTC = 1/21million of everything.

>>	Anonymous Mon Jul 8 13:11:22 2019 No.14660705 >>14659447 accumulation phase half as long as 2014 with like 20 times the marketcap yeah "no".

>>

Anonymous Mon Jul 8 13:17:28 2019 No.14660797

>>14660608
That what bitcoin maximalists keep saying. Bitcoin is the world currency. As a hodler I'd like this to happen but it sounds like wishful thinking. First, we have government intervention. Second, in 10 years we'll have quantum computers eating encryption for breakfast.

>>

Anonymous Mon Jul 8 13:37:27 2019 No.14661153

>>14658482
>Look at the google trends and observe your surroundings. Normies are not getting, nobody is talking about Bitcoin. It feels like maybe end of 2016, early 2017.
>>14658530

t. absolute newfags

1)This feels nothing like early 2017, nothing like 2016, and certainly not like 2015. It feels like the last month of 2017.
2)muh google trends. Yeah, because you need to google "what is bitcoin" 1000 times. I work for a large broker and I can tell you that the exchange listed crypto ETN trackers have been among the top 5 traded products for several months. There are many literal 50+ yo boomers trading that shit. Normies are in already.

>>	Anonymous Mon Jul 8 13:39:47 2019 No.14661198 >>14657548 well, i honestly think 21 club is way overkill....new safe stack range is 3-6 honestly....

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Anonymous Mon Jul 8 13:40:53 2019 No.14661222

>>14660797
Governments are adversary and comprised of individuals with their own selfish interests. No doubt there will be repression against prominent individual hodlers with weak opsec, confistation of mining hardware and capture of exchanges. But that will only be a speedbump in the grand scheme of things.

And quantum computers are a meme.

>>	Anonymous Mon Jul 8 13:55:33 2019 No.14661485 And the tether?

>>

Anonymous Mon Jul 8 13:58:00 2019 No.14661517

>>14661222
>quantum computers are a meme
trips of truth.
in the same way that quantum mechanical effects arent stable enough for us to see real world examples, quantum computers will never see a practical use which achieves an outcome that cant be done cheaper with classical computer.

>>	Anonymous Mon Jul 8 14:02:24 2019 No.14661594 >>14658482 > 4 BTC U already made it retard. Now just wait. Damn I'm dca'ing each month since 2017 and I still have less. > 20k cash Buy Ethereum.

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Anonymous Mon Jul 8 14:06:09 2019 No.14661657

>>14661517
More importantly: until a practical quantum computer can perform prime factorization of large enough values of N (the hard problem that all cryptography is secured by) we won't be in the position of discovering if there are problems that can be easily constructed on the quantum computer that are not as easy to solve.