BITCOIN Discussion..........

[Tanko]

So good news and bad news on the Gov't trying to create a crypto reserve....

The action would give the U.S. the "world's largest government cryptocurrency reserve," he acknowledged that some crypto bulls may be disappointed that the U.S. isn't buying bitcoin with taxpayer money, and rather just keeping bitcoin that's been seized from criminal enterprises.

"By declining to spend taxpayer funds on bitcoin at this time, the President avoids potential criticism or opposition from citizens or opponents who may try to paint this move as a 'gamble' with taxpayers' money," Rose said. "The government aims to make any additional bitcoin acquisitions 'budget neutral' therefore laying the foundation to find creative ways to add to the government's bitcoin reserve while maintaining their core focus of balancing the budget."

Link to Article:

MSN

 

[Archie]

oh dear

 

[ttwarrior1]

crash

 

[BigJay]

So I normally have been cashing out BTC when I get it last couple of months but I was thinking about holding long term these days (recently got several payouts)

I’m a bit worried though as (not to get political) it truly seems like the tariffs could lead us into a recession (or they are already starting to - plus we are definitely due for one after 12 years of so of a bull market)

Is this a bad time to hold?

@homie1975 @Tanko @Ace7550 @KVB @djefferis @nasios @raiders72001 @btcfan and some of our other experts.

Thoughts??

 

[Tanko]

I can remember when BTC was a safe haven for people to invest (like gold) when economic issues came up. But, lately is sems to be trending (in general) with the stock market. I think since they allowed financial houses to invest in BTC, its now a "stock" type commodity. Not exactly "like" stocks but similar in how they trend. You may notice, BTC dips with each tariffs announcement and climbs with each tariff "pause".

If that is what you believe, then if we hit a recession due to the tariffs and other activites of this administration, then BTC may tank like the stock market would in similar historical situations.

A lot depends on how long are you planning to hold.... Years? Then if it tanks, it will recover eventually like stocks. Months? Then, I see risk for valuation due to potential recession.

Of course what will the WH actually do? Tariffs? No tariffs? Attack Iran? etc.... and when will they do anything....
Tough to tell whats going to happen with this WH.

 

[BigJay]

I can remember when BTC was a safeh aven for people to invest (like gold) when economic issues came up. But, lately is sems to be trending (in general) with the stock market. I think since they allowed financial houses to invest in BTC, its now a "stock" type commodity. Not exactly "like" stocks but similar in how they trend. You may notice, BTC dips with each tariffs announcement and climbs with each tariff "pause".

If that is what you believe, then if we hit a recession due to the tariffs and other activites of this administration, then BTC may tank like the stock market would in similar historical situations.

A lot depends on how long are you planning to hold.... Years? Then if it tanks, it will recover eventually like stocks. Months? Then, I see risk for valuation due to potential recession.

Of course what will the WH actually do? Tariffs? No tariffs? Attack Iran? etc.... and when they do anything....
Tough to tell whats going to happen with this WH.

It’s funny Tank when I first learned about BTC I always thought it would trend opposite the stock market (when the market started to go down folks would start to look for alternate investment opportunities such as crypto.

It seemed to do just that for awhile years ago.

Now that crypto is mainstream it definitely follows market movements, although crypto can rise or fall even more as the market does (and usually does percentage-wise)

 

[BigJay]

I can remember when BTC was a safe haven for people to invest (like gold) when economic issues came up. But, lately is sems to be trending (in general) with the stock market. I think since they allowed financial houses to invest in BTC, its now a "stock" type commodity. Not exactly "like" stocks but similar in how they trend. You may notice, BTC dips with each tariffs announcement and climbs with each tariff "pause".

If that is what you believe, then if we hit a recession due to the tariffs and other activites of this administration, then BTC may tank like the stock market would in similar historical situations.

A lot depends on how long are you planning to hold.... Years? Then if it tanks, it will recover eventually like stocks. Months? Then, I see risk for valuation due to potential recession.

Of course what will the WH actually do? Tariffs? No tariffs? Attack Iran? etc.... and when will they do anything....
Tough to tell whats going to happen with this WH.

Yes I was thinking about potentially holding for multiple years

Me and @JDS were having this discussion a week or two ago

 

[JDS]

Yes I was thinking about potentially holding for multiple years

Me and @JDS were having this discussion a week or two ago

I’m planning on making a big purchase via crypto not sure which one yet, btc obviously probably the most safe.

 

[Ace7550]

So I normally have been cashing out BTC when I get it last couple of months but I was thinking about holding long term these days (recently got several payouts)

I’m a bit worried though as (not to get political) it truly seems like the tariffs could lead us into a recession (or they are already starting to - plus we are definitely due for one after 12 years of so of a bull market)

Is this a bad time to hold?

@homie1975 @Tanko @Ace7550 @KVB @djefferis @nasios @raiders72001 @btcfan and some of our other experts.

Thoughts??

If history repeats itself, we should have another run this Spring/Summer, then a significant drop-off. Bitcoin has done the same cycle multiple times in a row.
I'm in at about $23,500. My target sell price is $132,000. Will it get there during this cycle? We'll see.
Don't know if that answers your question. Just my 2 cents. Good luck Jay

 

[Leisure]

He will compromise on the tariffs

i don't think he can, at least not enough to make a dent. too scared of looking "weak"

Homie was right, I was wrong .

 

[KVB]

Is this a bad time to hold?

Yes I was thinking about potentially holding for multiple years

Then no, no time is a bad time to hold. If you can afford it, peel a little off each time you get some and sock it away.

 

[Ace7550]

Then no, no time is a bad time to hold. If you can afford it, peel a little off each time you get some and sock it away.

Dollar-Cost-Averaging is a great way to accumulate bitcoin. I know 2 people that started doing that in 2020. Needless to say, it's worked out very well.

 

[JDS]

My target price is 69,999 and I will then buy a full bitcoin. I have it set up in my account for that purchase to happen.

 

[tonyhroncich23]

Halving happens around April 20th... before every halving there was a crash and then 7-9 month of parabolic rises in prices... buy now dont worry about prices

 

[Tanko]

Halving happens around April 20th... before every halving there was a crash and then 7-9 month of parabolic rises in prices... buy now dont worry about prices

You mean around April 2028 right?
The last one was April 2024.

 

[rolandcorts]

Stop trying to time the market and just buy and hold. All this shit about historical cycles and halvings is moronic.

 

[Ace7550]

You mean around April 2028 right?
The last one was April 2024.

Yes that's correct.

2012 = bitcoin halving
2013 = bitcoin All-Time-High

2016 = bitcoin halving
2017 = bitcoin ATH

2020 = bitcoin halving
2021 = bitcoin ATH

2024 = bitcoin halving
2025 = Well...you get the idea

 

[rolandcorts]

Yes that's correct.

2012 = bitcoin halving
2013 = bitcoin All-Time-High

2016 = bitcoin halving
2017 = bitcoin ATH

2020 = bitcoin halving
2021 = bitcoin ATH

2024 = bitcoin halving
2025 = Well...you get the idea

The Cubs are 16-2 on April Fools days since 1983 on Tuesdays when it rained at least 1 inch the previous day.

 

[BigJay]

The Cubs are 16-2 on April Fools days since 1983

 

[Ace7550]

Sometimes correlation = causation. Sometimes it doesn't.
Cutting the supply of a commodity in half and that commodity increasing in value in the short term is pretty straightforward.