1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[Koichos]

Finally downloaded Coinbase.

Don't fully know what I’m doing yet so I just deposited a little money, sitting and reading up first.

Well, you’ve come to the right place. I suggest you pick up a copy of The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future.

The Little Bitcoin Book

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

littlebitcoinbook.com

Coinbase is good, but use their ‘Advanced’ platform (Settings > Trade > Advanced) to set ‘post-only’ limit orders to avoid being raked over the coals in fees.

 

[Koichos]

What if Powell officially ends QT next week? I mean, there’s always a possibility..

 

[scotch]

Well, you’ve come to the right place. I suggest you pick up a copy of The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future.

The Little Bitcoin Book

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

littlebitcoinbook.com

Coinbase is good, but use their ‘Advanced’ platform (Settings > Trade > Advanced) to set ‘post-only’ limit orders to avoid being raked over the coals in fees.

Thanks. Just followed those steps. We’ll see how this goes.

Appreciate the book suggestion. I’ve been watching some YouTube vids in the meantime.

 

[Gloxina]

What if Powell officially ends QT next week? I mean, there’s always a possibility..

I was literally looking at my account yesterday and shaking my head because I think I’m throwing my bonus in the market this weekend. This might be it.


So what do you think tho??- I heard some say 25 is guaranteed, but some ppl are expecting 50bps, and if he only does 25 folks may be disappointed and there could be a dip (buying opportunity). I still need some stuff on the sidelines in case of a crash or dip (because I still feel like something is going to happen before blast off).

25 or 50?

 

[Gloxina]

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[Koichos]

I was literally looking at my account yesterday and shaking my head because I think I’m throwing my bonus in the market this weekend. This might be it.


So what do you think tho??- I heard some say 25 is guaranteed, but some ppl are expecting 50bps, and if he only does 25 folks may be disappointed and there could be a dip (buying opportunity). I still need some stuff on the sidelines in case of a crash or dip (because I still feel like something is going to happen before blast off).

25 or 50?

25 basis points is all but a done deal. 50 is not out of the realm of possibility but it’s just more reasonable to ease into the cuts at 0.25% for September, October and December. Sell-off or not, lowering of our federal funds rate favors risk-on assets by stimulating consumer spending so I do expect BTC and ETH to reach all-time highs by month’s end.

 

[GambinoMakeItWork]

Solana is dead.

it's like they saw this

 

[Gloxina]

 

[Koichos]

$232 billion in sidelined fiat has entered the total market cap in the past 3 days, likely people waiting for the right economic environment (e.g., rate cuts) to risk their dollars.

---

​

 

[BronxFleeZ]

Where do I start Pls brehs

 

[Koichos]

Where do I start Pls brehs

I see you made a post about this on April 28 during our tariff slump and no one responded..

Any suggestions brehs bout to get a cool lump sum trying to put it somewhere valuable rep

But the market is currently leaps and bounds above those lows as we near the bitcoin cycle top..

I would keep my funds in a HYSA and come back next year. In the meantime, pick up a copy of

The Little Bitcoin Book

The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

littlebitcoinbook.com

How the cycle works:

Traditionally, the market goes up for 18 months after the halving (April, 2024), so sell by Q4 2025.

6 months pre-halving to 18 months post-halving - uptrend
then 1 year down, 1 year chop
...until proven otherwise

So sell by Q4 2025. Convert to stablecoins or cash and start rebuying Q4 2026, and again 3-4 months after the 2028 halving. Sell Q4 2029, rebuy Q4 2030. Rinse and repeat.

Cycle tops, bottoms, and retracements:

post-halving tops (Q4 2017, 2021, 2025)
bear-market bottoms (Q4 2018, 2022, 2026)

2013 top to the bottom = 86% retracement (break even, 2017)
2017 top to the bottom = 84% retracement (break even, 2020)
2021 top to the bottom = 78% retracement (break even, 2024)
2025 top to the bottom = ??% retracement (break even, ????)

If you bought BTC in Q4 of post-halving years you would have had to wait 3 years just to break even..

How I play it:

Here is what I do:

1. Take profit on all my BTC and ETH spot holdings by November of post-halving years and convert them to USDC - 2025
2. Send USDC to Coinbase for their APY rewards (*after accounting for taxes, of course! and sit on it until next Q4) - 2025
3. Lump sump at the bottom of the bear, Q4 of the following year (396 days from the peak of post-halving bull runs) - 2026
4. DCA at least 3 months after the halving (882 days from the peak of the bull run to the next halving in every cycle) - 2028
5. Lump sump once again, this time before the presidential election (BTC has yet to dip below its election day price) - 2028

Rinse and repeat – sell Q4 of post-halving (2029), lump sump Q4 bottom of the bear (2030), DCA after the halving (2032), lump sum before the election (2032)...

 

[Gloxina]

 

[Gloxina]

 

[In The Zone '98]

Major grifter right here. Delete everything

 

[Gloxina]

Thoughts on LTC?