Quote from: phuhuyxyz on Today at 02:07:54 AM

Quote from: JayJuanGee on July 24, 2023, 02:43:37 PM

Quote from: Dictator69 on July 24, 2023, 07:54:15 AM

Quote from: Wind_FURY on July 18, 2023, 06:55:47 AM

On a lighter topic, Valkyrie's ETF will be listed under the ticker "BRRR". Hahaha.

Haha, An ETF investor be like hey broo did you invested in BRRR. Cheesy

. the ticker names are funny though, Well the other company ARK shares have a good ticker name (AKRB) which is better, but this BRRR doesn't make any sense. I doubt why would traditionally people about many news outlets are talking about. Saying these are the main targeted audience of these upcoming ETFs. Because when companies will get registered via governments such people will start to invest in it.

post link
I hope those traditional and well sophisticated people like this ticker BRRR Cheesy

I should make some meme on it.

I cited your post to show your image - but your image cut off some of the content.. so I reposted the full image from the twitter link that you provided.

This kind of news in regards to so many ETF applications pending should have some kind of upwards pressures on the BTC price, so if we are currently getting BTC price movement in the opposite direction, then it seems like good ideas to buy at various price points - and none of us can really know how much further the BTC price might dip.. or even if it is done dipping. If you do not have much if any BTC at all, then likely you should be erroring in the side of buying regularly rather than waiting for lower BTC prices, but if you have been buying BTC in the sub $35k territories, and even down into the sub-$20k territories for the last 15 months or so, then you might not feel as much urgency to buy BTC on the relatively smaller dips that are currently happening and bringing us down from $32k into the sub-$29k prices, so far...

I agree with you. No one can predict for sure where the bottom of BTC will be. In my opinion, you should determine where your buy zone is, when the btc price reaches the target price area you start buying.

You are not necessarily wrong, but I am saying something a bit different than what you seem to be saying.

I am saying buy in accordance with your situation, and if you do not have much if any BTC, then you likely need to buy regularly, and you likely do not need to wait for any dip in order to buy because you need to first get to a point in which you have bought enough BTC that you are adequately prepared for UP. Depending on how much you are investing regularly, it could take years, and years and years before you start to feel that you have built a large enough stack that you can therefore start to supplement your strategy by buying on dips or even moving away from regular buying and instead buying on dips.

Quote from: phuhuyxyz on Today at 02:07:54 AM

You can divide into many buy zones with different weights.

That's true. Once you start to incorporate a "buying on dips" strategy, you can budget for various dip amounts - however, we know that buying on dips can both be a moving target in terms of how much the dip goes down and how long it lasts, but it also can be a moving target in terms of how much money that you might have coming in and also if you might get some surprise amounts coming in that might adjust to the upside or the downside.

You can structure your buys and even your changes to your buys in ways that are frequent (such as weekly reviewing where your buys are at) or even a bit less active such as monthly or quarterly, and sure if your buy orders are tending to fill more frequently, then you may well end up triggering your needs to review or to make changes based on how frequently they are getting filled and whether their getting filled might end up affecting your needs to make adjustments to some kind of a preexisting plan that you had been employing.

Quote from: phuhuyxyz on Today at 02:07:54 AM

When you buy BTC at a good price, your psychology will be very stable when the price fluctuates up and down.

That's true. Your Psychology will likely improve from your buys and also whether your plan seems to be resulting in profits or even expectations of profits, even if there may have been some set backs along the way. Sometimes it can take several years before your portfolio is actually in profits, so even if you are getting buys that are cheaper and cheaper, sometimes there can be concerns and worries about whether the BTC price is going to go up, and if you are believe that you are becoming overly concerned, you may well have to consider whether you need to either reduce the amount that you are investing or to change the way that you are investing in order to contribute towards your feeling better... and in that regard, sometimes merely setting buy orders (or changing buy orders placements and amounts) can contribute towards improvements in psychological well-being.

Quote from: phuhuyxyz on Today at 02:07:54 AM

And you will hold BTC to the target price you expect.

If you had not noticed, this thread is attempting to address long-term BTC investing, so considering target prices seems to be a different subject.. and if you are referring to short-term target prices, then you are likely referring to trading rather than long term investing... which is also not the thrust of this thread..

Quote from: Dictator69 on Today at 08:44:32 AM

Quote from: JayJuanGee on July 24, 2023, 02:43:37 PM

I cited your post to show your image - but your image cut off some of the content.. so I reposted the full image from the twitter link that you provided.

This kind of news in regards to so many ETF applications pending should have some kind of upwards pressures on the BTC price, so if we are currently getting BTC price movement in the opposite direction, then it seems like good ideas to buy at various price points - and none of us can really know how much further the BTC price might dip.. or even if it is done dipping. If you do not have much if any BTC at all, then likely you should be erroring in the side of buying regularly rather than waiting for lower BTC prices, but if you have been buying BTC in the sub $35k territories, and even down into the sub-$20k territories for the last 15 months or so, then you might not feel as much urgency to buy BTC on the relatively smaller dips that are currently happening and bringing us down from $32k into the sub-$29k prices, so far...

Thanks a lot for helping, i didn't have the authority to post image currently, so i posted source link too. And definitely these ETFs are putting some pressure on BTC price. If i am not wrong, then i think you are preferring to Dates. Like in the columns of Next Deadline and Final Deadline. We can see final deadline of most of the ETFs are in 2024 and that exactly when the Halving will start.

Now i started to doubt that BTC price might fall to $25k too. Because till 2024 we might not see any good news like ETFs and other so till then we might see more dumps. Well, that's good news for those who still didn't took entry but bad for those who took entry at current market price.

It seems that one of the points I was making is in regards to the bullish effect on BTC prices currently because of the application of Blackrock and then several amendments to other ETF applications, so in that regard, we do not necessarily need to wait for further expiration dates in order for whatever bullish effect to be playing out.

Also, I don't have any strong predictions in regards to which direction the BTC price might go in shorter-term timeframes, but I do believe that each of us should be attempting to prepare for either BTC price direction - so of course, if we have been in BTC for a decently long time, then we likely would already either have our BTC accumulation plan in place or maybe we have mostly already accumulated BTC, and we might be supplementing our BTC accumulation plan to the extent that dips occur and the extent to which we already have accumulated "enough" BTC could affect how far that we would need the BTC price to fall before picking up further BTC.

I am also of the belief that people who have not spent a lot of time in BTC, should mostly be erroring in the side of buying BTC regularly, and the extent to which the BTC price might go down or up in the short term might not even affect such a persons regularly BTC buying schedule, even though that person still might have extra cash that s/he is holding in reserves in order to have prepared in the event that the BTC price drops below certain price points, and if the BTC price does not drop s/he might also have a plan that s/he uses a certain amount of dollars to buy BTC regularly (such as weekly) no matter what the BTC price.

You are pretty new to this forum Dictator69, and so I am not sure if I can presume that you are also somewhat new to bitcoin, but it can take many years of regular bitcoin stacking (and accumulating) depending on if you are able to draw from other investments (to accelerate your lump sum investments into BTC) or if you merely have to rely upon cashflows that might only allow you to buy small amounts of BTC per week.. such as $100 per week or something like that, and surely I know that in some parts of the world, people might barely be able to buy $10 per week from their cashflows - especially if they have not otherwise built an investment portfolio that they can reallocate into bitcoin.

Anyhow, even though surely there can be some attempts to buy on dips, even for newbies, but I doubt that buying on dips is as important as just regularly buying until you get your BTC (and/or investment) portfolio up to a certainly large enough size that you start to feel that you are sufficiently prepared for BTC to go up, so that you might not have to continue to employ regular buys but you have the luxury of considering buying on dips as a means to either supplement or in some cases to replace the practice of regularly buying BTC.