Quote from: strawbs on August 18, 2023, 06:50:06 PM

But more than 20% of us here know that already, right Tongue

Probably somewhere between 50% and 80% within the outlying boundaries of the latest likely to be more accurate measures.

Quote from: Hyperjacked on August 18, 2023, 08:03:31 PM

Interesting dilemma … catch the knife and buy at 26,000$ or wait …very tempting… buy imo
Cheers Hodlers

For sure not an easy dilemma..

What are the odds for up or down?

Sure we are getting close to the lower end of the don't wake me up range, so it is not clearly any kind of expectation that "we" are going to break below the range, even though surely the whole situation may well be feeling a bit dire at the moment to both be dancing below the 200-week moving average and also at the bottom of the don't wake me up range...

Let's say that you had $100k invested in bitcoin, and then you had been building up cash for the past 6-8 months (presuming that you did not use such cash up on any of our earlier dips), so then maybe you have $6k saved up, so you do not necessarily need to spend all of the $6k that you have saved up, but it may well be prudent to deploy half of it, and not be too greedy for your own good..

....but hey, what do I know? I have been buying in about $500 increments all the way down from $30k.. so it is not like I am even in any kind of a practice of not knowing what to do because I don't tend to wait, and I also set up my BTC buy orders in advance,

but I have already tentatively decided that if BTC prices go below $22k in this particular round, I may well have to reconsider some of my current set up for BTC buys that are set below $20k (from right around $13k to $20k in $500 increments) - not that I even expect any of them to get hit, but you never know around these here parts.

Quote from: JimboToronto on August 18, 2023, 08:36:50 PM

Quote from: OgNasty on August 18, 2023, 06:32:03 PM

For all we know $0 could be in the cards. It is a speculative asset after all.

While for many (perhaps most) it may be a speculative asset, there are many who use Bitcoin for practical reasons.

It is still the most private, most self-controllable, most verifiable, most secure, fastest and cheapest way to send money around the world.

FTFY

Quote from: JimboToronto on August 18, 2023, 08:54:27 PM

Quote from: philipma1957 on August 18, 2023, 08:20:33 PM

l got some at 27
I got some at 26

and I will get more later tonight

I'm just lucky I didn't have to sell any today.

My OTC exchange said they would front me a couple of grand at no cost toward completing a sale after locking into a price next week. That should get me through the weekend. I hate having to use bank money. Real cash is so much better.

We both agreed this dip should be done by then. It was mostly weak-hand panic about the Space-X news followed by the usual margin calls.

Onward and upward.

For sure no guarantees that the dip will be over by next week - but surely seems like decent odds that this is not a long lasting dip...

and I suppose if you are getting into an informal "gentleman's" agreement, then you are still likely going to either extend your agreement for the advance or settle up next week if the BTC price does not end up bouncing back (as you both expect) by next week.